Sumitomo Mitsui Financial Group provides banking, securities, credit cards and leasing. Centered on SMBC, it serves individuals and businesses in Japan and overseas.
History and development
SMFG was established as a holding company in 2002. Its principal bank, SMBC, had been formed in 2001 by merging Sumitomo Bank and Sakura Bank. The bank's formation and the holding company's establishment are separate milestones in a group that includes banking and other financial services.
References: SMFG: history
Comparing charts on this board
Pair SMFG with MUFG, Mizuho and TOPIX to distinguish shared banking strength from an isolated corporate move.
Japanese ten- and two-year yields add a curve-slope lens. Follow changes in the banks' relative performance after rate news, then examine their business and funding differences.
Related charts: MUFG · Mizuho · TOPIX · Japan 10Y · Japan 2Y
Official references: SMFG: business