Sumitomo Mitsui Financial Group, Inc. Surveillance Report
Company Profile
With over $2 trillion in assets, Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG, “the group”) is one of the three largest financial institutions in Japan and the parent of Sumitomo Mitsui Banking Corporation (“SMBC”, “the bank”). Through the bank and other key subsidiaries, SMFG offers a broad spectrum of financial services, including commercial banking, securities, consumer finance, and leasing.
SMBC was established in April 2001 through the merger of two leading Japanese banks: The Sakura Bank, Limited, and The Sumitomo Bank, Limited. SMFG was set up in December 2002 as a bank holding company.
The retail and global business units contributed the highest proportion of revenues in FY 2025, with the wholesale business unit contributing the highest share of profits. Japan accounted for 43% of operating income in FY 2025 (versus 29% in FY 2024), while the Americas contributed 26% (versus 34% in FY 2024). Fee-based businesses remain a meaningful…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.