About

Sumitomo Mitsui Financial Group, Inc. (SMFG until 2018 and SMBC Group since) is a major Japanese multinational financial services group and holding company, operating in the financial services industry. It is the parent of Sumitomo Mitsui Banking Corporation (SMBC), SMBC Trust Bank, and SMBC Nikko Securities. The group holding entity was created on December 2, 2002, after which SMBC became its wholly owned subsidiary. SMBC itself originates from the 2001 merger of Sumitomo Bank with the Sakura Bank, which was a successor to the Mitsui Bank. It operates as a Public company.