Last ¥4,042 JPY
Change Today -5.50 / -0.14%
Volume 4.6M
8316 On Other Exchanges
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Company Description

Contact Info

1-2, Marunouchi 1-chome

Chiyoda-ku

Tokyo, 100-0005

Japan

Phone: 81 3 3282 8111

Fax: 81 3 4333 9954

Sumitomo Mitsui Financial Group, Inc. operates as the holding company for Sumitomo Mitsui Banking Corporation (the Bank), which provides commercial banking services in Japan. Segments The company has four main business segments, consisting of Commercial Banking, Leasing, Securities and Consumer Finance. The company’s subsidiaries in its Commercial Banking segment include, in addition to the Bank, Kansai Urban Banking Corporation (KUBC), THE MINATO BANK, LTD. (The Minato Bank), Sumitomo Mitsui Banking Corporation Europe Limited (SMBC Europe), and Sumitomo Mitsui Banking Corporation (China) Limited (SMBC (China)). The company’s subsidiaries also include Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) in its Leasing segment; SMBC Nikko Securities Inc. (SMBC Nikko Securities) and SMBC Friend Securities Co., Ltd. (SMBC Friend Securities) in its Securities segment; and Sumitomo Mitsui Card Company, Limited (Sumitomo Mitsui Card), Cedyna and SMBC Consumer Finance in its Consumer Finance segment. Principal Activities Commercial Banking The company offers commercial banking services to a range of customers including individuals, mid-sized companies, small and medium-sized enterprises (SMEs), large corporations, governments and governmental entities mainly through the Bank. The Bank has solid franchises in both corporate and consumer banking in Japan. The Bank provides a range of consumer and corporate banking services in Japan and wholesale banking services overseas. In Japan, the Bank accepts deposits from, makes loans to, extends guarantees to and provides other products and services to corporations, individuals, governments and governmental entities. The Bank offers financing solutions through loan syndication, structured finance and project finance to large corporate customers in the domestic and overseas markets, as well as various financing options to domestic mid-sized companies, small and medium-sized enterprises (SMEs) and individuals. The Bank also underwrites and deals in bonds issued by or guaranteed by the Government of Japan and local government authorities, and acts in various administrative and advisory capacities for select types of corporate and government bonds. Internationally, the Bank operates through a network of branches, representative offices, subsidiaries and affiliates to provide loan syndication, project finance and cash management services and participate in international securities markets. The Bank conducts its primary banking business through its five business units: the Consumer Banking Unit, the Middle Market Banking Unit, the Corporate Banking Unit, the International Banking Unit and the Treasury Unit. The Bank’s Investment Banking Unit, Corporate Advisory Division, Private Advisory Division and Transaction Business Division operate across these business units. Consumer Banking Unit The Bank’s Consumer Banking Unit provides financial services to consumers residing in Japan. It offers an array of financial services, including personal bank accounts, investment trusts, pension-type insurance products, life insurance products and housing loans. The Bank had a domestic network consisting of 439 branch offices, as of March 31, 2013, most of which were located in the Tokyo and Osaka regions. As of March 31, 2013, 74 of these branches had ‘SMBC Consulting Plazas’ that provide financial consulting services for asset management and housing loans during extended hours, including weekday evenings, weekends and national holidays, for the convenience of individual customers. As of March 31, 2013, the Bank offers its customers’ access to 47,084 ATMs, some of which are the Bank’s ATMs and the majority of which are ATMs made available through arrangements with other ATM providers such as convenience store chains. The Consumer Banking Unit also offers Internet banking services for consumers. As of March 31, 2013, the Bank’s Internet banking services had approximately 12 million registered users. The users are able to transfer funds, perform balance inquiries, make time deposits and foreign currency deposits, and buy and sell investment trusts over the Internet, as

 

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8316

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Valuation 8316 Industry Range
Price/Earnings 6.8x
Price/Sales 1.3x
Price/Book 0.8x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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