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Sumitomo Mitsui Financial Group Inc. (SMFG) is a Japanese financial holding company classified within the banking and financial services industry.
It is one of the largest financial institutions in Japan and globally, providing a comprehensive range of services including retail and corporate banking, investment banking, asset management, leasing, credit cards, structured finance, and treasury solutions.
Its main operating subsidiary, Sumitomo Mitsui Banking Corporation (SMBC), handles core banking services, while other subsidiaries—such as SMBC Nikko Securities, SMBC Trust Bank, and the Japan Research Institute—support the group with investment, wealth management, and research services.
The group operates globally across key regions such as the United States, Europe, China, Southeast Asia, and Latin America. Its client base includes multinational corporations, financial institutions, governments, and high-net-worth individuals.
SMFG’s operations are influenced by Japan’s monetary policy, competition within the Asian banking sector, global economic growth, and technological advancement in financial services. The company invests heavily in digital banking, automation, data analytics, and fintech collaboration.
The organization has a strong global infrastructure, including hundreds of domestic branches, international offices, and corporate banking centers. It employs over 100,000 people worldwide.
Sumitomo Mitsui Financial Group Inc. is listed on the New York Stock Exchange (NYSE) under the ticker SMFG.
History and when Sumitomo Mitsui Financial Group Inc. was founded
Sumitomo Mitsui Financial Group Inc. was founded in 2002 in Japan as a holding company created to bring together the financial operations of the historic Sumitomo and Mitsui conglomerates. The merger formed one of the largest banking groups in Japan.
Although the holding company is relatively new, its roots extend back to the 17th century, when the Sumitomo and Mitsui families established commercial and financial businesses that evolved over centuries into major banking institutions.
In its early years, SMFG focused on strengthening its capital position, integrating systems, and expanding globally following Japan’s banking crisis of the 1990s.
Throughout the 2010s, the group accelerated its international growth with acquisitions in Asia and investments in banks across the United States and Latin America. It also expanded its capital markets operations through SMBC Nikko Securities.
Between 2020 and 2024, SMFG increased investments in digital transformation, fintech partnerships, sustainability (ESG), and international financial services, solidifying its position as one of the world’s leading financial groups.
Additional Information
The Company Sumitomo Mitsui Financial Group Inc. (United States), is listed on NYSE with a market value of $ 129.50 Billions, having an equity of $ 103.50 Billions.
With a total of 86.400 employees, the company is listed in the sector of Financial and categorized in industry of Banks.
In the last 12 months the Company had a revenue of $ 34.85 Billions, which generated a profit in the amount of $ 9.33 Billions.
As for its main indicators, the Company has a P/E ratio of 13.89, a P/BV ratio of 1.25 and in the last 12 months the dividend yield of SMFG was at 2.60%.
The Company is traded internationally through the ticker SMFG.
