Last ¥4,180 JPY
Change Today +107.00 / 2.63%
Volume 10.2M
As of 2:00 AM 04/16/14 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: 81 3 4333 9954

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, Limited 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. It also conducts diverse activities including domestic and international economic research and analysis, policy recommendations and business incubation. Alliance with Barclays PLC (Barclays) Barclays PLC and the Bank have allied to explore joint business development opportunities, and in April 2010, Barclays, the Bank and SMBC Nikko Securities established a division in SMBC Nikko Securities to provide wealth management services to high-net-worth individuals in Japan. In 2010, the Bank entered into 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. Credit Loss Protection Agreement with Goldman Sachs To expand its overseas portfolio and revenue, the Bank entered into agreements with Goldman Sachs in 2003 to provide credit protection to Goldman Sachs’ extension of credit to their investment grade clients in exchange for receiving a proportion of the fees and interest income from the borrowers. In connection with the agreements, Goldman Sachs established certain wholly owned subsidiaries (William Street Entities) that might make credit commitments and extensions. Goldman Sachs entered into credit loss protection arrangements with the Bank in order to hedge in part the credit risk to its investment in the William Street Entities. The Bank, through its Cayman Islands branch, would issue letters of credit in exchange for fees equal to a portion of the fees and interest to be paid by the borrowers to the William Street Entities. Regulations in Japan The company’s businesses are subject to extensive regulation, including the effects of changes in the laws, regulations, policies, voluntary codes of practice and interpretations in Japan. Supervisory and regulatory authorities: Pursuant to the Banking Act, the Fthe Financial Services Agency of Japan 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 its contractual agreements and transactions with Japanese banks. The Financial Services of Agency of Japan: The Prime Minister has supervisory authority over banks in Japan, which is generally delegated to the Financial Services Agency of Japan except for matters prescribed by cabinet order. The Ministry of Finance: The Ministry of Finance conducts examinations of banks in relation to foreign exchange transactions under the Foreign Exchange and Foreign Trade Act. Regulations in United States As a result of its operations in the United States, the Bank and SMFG are subject to extensive federal and state banking and securities supervision and regulation. The Bank engages in U.S. banking activities directly through its branches in Los Angeles, San Francisco and New York and through its representative office in Houston. The Bank also controls a U.S. banking subsidiary, Manufacturers Bank, and a U.S. broker-dealer subsidiary, SMBC Nikko Securities America. The Bank’s New York branch is supervised by the Federal Reserve Bank of New York and the New York Department of Financial Services, but its deposits are not insured (or eligible to be insured) by the Federal Deposit Insurance Corporation (FDIC). The Bank’s Los Angeles and San Francisco branches are supervised by the Federal Reserve Bank of San Francisco and the California Department of Financial Institutions, but their deposits are not insured (or eligible to be insured) by the FDIC. The Bank’s representative office in Houston is subject to regulation and examination by the Texas Department of Fin

 

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8316:JP ¥4,180.00 JPY +107.00

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8316

Industry Average

Valuation 8316 Industry Range
Price/Earnings 5.8x
Price/Sales 1.2x
Price/Book 0.8x
Price/Cash Flow 6.0x
TEV/Sales NM Not Meaningful
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