Last ¥4,371 JPY
Change Today -53.50 / -1.21%
Volume 3.0M
8316 On Other Exchanges
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As of 9:09 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).
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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:

riend Securities has a nationwide network that offers services tailored to the needs of its clients and offers online financial consulting services. Business Alliance with Citigroup Inc. (Citigroup) The company has a strategic business alliance with Citigroup centering on various collaborative activities between SMBC Nikko Securities and Citigroup. As part of this alliance, Citigroup provides the company with access to its global corporate and investment banking networks, including sales and trading and M&A services. The long-standing relationship between Citigroup and the former Nikko Cordial Securities Inc. in the origination and distribution of financial products in Japan and globally is being upheld with SMBC Nikko Securities. Consumer Finance Sumitomo Mitsui Card Sumitomo Mitsui Card conducts a credit card business with a brand, and offers various settlement and finance services to meet diverse customer needs. The company, Sumitomo Mitsui Card, the Bank and NTT DoCoMo, Inc. (NTT DoCoMo) formed a strategic business and capital alliance in credit payment service. The company has a 66% equity interest in Sumitomo Mitsui Card, while the remaining 34% is held by NTT DoCoMo. Pursuant to the alliance, Sumitomo Mitsui Card offers a credit payment service using NTT DoCoMo’s mobile phones equipped with contactless IC chips. In addition, Sumitomo Mitsui Card issues various affiliated credit cards in cooperation with partners, including railway companies, airline companies, department stores and retailers to satisfy both these partners’ and cardholders’ needs. Sumitomo Mitsui Card also provides services for customers, such as travelers and retailers both in Japan and China, in alliance from 2005, with China UnionPay Co., Ltd., a bankcard association in China. Cedyna Cedyna conducts credit card, installment (such as shopping credit and automobile loan) and solution (such as collection outsourcing and factoring) businesses. Cedyna became the company’s subsidiary after SMFG Card & Credit, Inc. (SMFG Card & Credit) subscribed to Cedyna’s third-party share allotment in 2010. SMBC Consumer Finance SMBC Consumer Finance provides consumer loans that consist mainly of unsecured loans to individuals, and conducts other business, including loan guarantee business. SMBC Consumer Finance guarantees certain consumer loans made by the bank. The company decided to make SMBC Consumer Finance its wholly owned subsidiary to reinforce its consumer lending business, to enhance its earnings generation capacity and to better achieve the expansion of its consumer lending business centered on SMBC Consumer Finance. Others The company’s subsidiary Sakura Card Co., Ltd., which is scheduled to be merged with Cedyna by April 2016, and its associate Pocket Card Co., Ltd. engage in the credit card business, and its subsidiary SMM Auto Finance, Inc. engages in automobile sale financing. Other Major Group Companies and Alliances The Japan Research Institute, Limited (The Japan Research Institute) The Japan Research Institute is the company’s wholly owned subsidiary that provides financial consultation services on management reform, IT, the planning and development of strategic information systems and outsourcing. Alliance with Barclays Barclays and the company have allied to explore joint business development opportunities, and in 2010, Barclays, the company and SMBC Nikko Securities established a division in SMBC Nikko Securities to provide wealth management services to high-net-worth individuals in Japan. The company has a business alliance agreement with Absa Bank Limited, a group company of Barclays, regarding collaboration on services to Japanese companies in South Africa and other African countries. Regulations in Japan Supervisory and regulatory authorities: Pursuant to the Banking Act, the FSA has the authority in Japan to supervise banks, bank holding companies and banks’ principal shareholders, meaning bank shareholders having 20% (or 15% in some cases) or more of the voting rights of a bank. The Bank of Japan (BOJ) also has supervisory authority over banks in Japan based primarily on i

 

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8316:JP ¥4,370.50 JPY -53.50

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Industry Analysis

8316

Industry Average

Valuation 8316 Industry Range
Price/Earnings 7.3x
Price/Sales 1.4x
Price/Book 0.8x
Price/Cash Flow 7.6x
TEV/Sales NM Not Meaningful
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