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Sumitomo Mitsui Financial Group Inc (SMFG.N)

SMFG.N on New York Stock Exchange

7.77USD
2 Dec 2016
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206,983
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Latest Key Developments (Source: Significant Developments)

Two more lenders in talks to acquire stake in Bank of Yokohama asset manager - Nikkei
Wednesday, 10 Aug 2016 01:15pm EDT 

Nikkei: Two more lenders seen linking with Bank of Yokohama asset manager - Nikkei . The parent of Tokyo Tomin Bank and Yachiyo Bank is in talks to take stake in an asset management firm owned by Bank of Yokohama and others - Nikkei . Tokyo TY Financial Group is expected to buy about 15% of the shares in Sky Ocean Asset Management as early as this month - Nikkei . Bank of Yokohama and Sumitomo Mitsui Trust Bank, which established Sky Ocean in November 2014, now own 40% and 30% of the firm, respectively - Nikkei .Tokyo TY Financial will sell diversified mutual funds managed by Sky Ocean through its two banking units - Nikkei.  Full Article

Sumitomo Mitsui Banking's Thailand customers to be able to make deposits through Bangkok Bank branches - Nikkei
Wednesday, 3 Aug 2016 09:36am EDT 

Nikkei:Sumitomo Mitsui Banking Corp.'s customers in Thailand will soon be able to make deposits through branches of Bangkok bank - Nikkei.  Full Article

Mitsubishi UFJ Financial group's net profit fell just short of 190 bln yen for Apr-June qtr- Nikkei<8306.T><8316.T><8411.T>
Tuesday, 26 Jul 2016 05:43pm EDT 

Nikkei: Mitsubishi UFJ Financial Group's net profit fell just short of 190 billion yen for April-June quarter - Nikkei . Sumitomo Mitsui Financial Group earned net profit between 180 billion yen and 190 billion yen for April-June quarter - Nikkei . Mizuho Financial Group's net profit apparently tumbled 20% or so, coming to between 120 billion yen and 130 billion yen for April-June quarter - Nikkei .  Full Article

Unit of Sumitomo Mitsui Financial expand into agriculture through rice farming JV - Nikkei
Tuesday, 14 Jun 2016 03:32pm EDT 

Nikkei:Unit of Sumitomo Mitsui Financial Group will establish joint venture with farming business in Akita prefecture, Akita Bank and NEC Group - Nikkei.  Full Article

GMO Payment Gateway forms business and capital alliance with GMO Internet Inc, Sumitomo Mitsui Financial Group Inc and SUMITOMO MITSUI BANKING CORPORATION
Tuesday, 9 Jun 2015 02:30am EDT 

GMO Payment Gateway Inc:Forms a business and capital alliance with parent company GMO Internet Inc, as well as Sumitomo Mitsui Financial Group Inc and SUMITOMO MITSUI BANKING CORPORATION on June 9.Through the business alliance, GMO Payment Gateway and SUMITOMO MITSUI BANKING CORPORATION will establish a new joint venture, which will be engaged in the credit card agency business.SUMITOMO MITSUI BANKING will provide customer introduction to the joint venture, GMO Payment Gateway will provide settlement agency system to the joint venture, respectively.Through the capital alliance, GMO Payment Gateway will issue 1,250,800 new shares SUMITOMO MITSUI BANKING, and 1,336,500 new shares to GMO Internet Inc, through private placement.Issue price is 3,092 yen per share, or 7,999,931,600 yen in all.Effective date June 25.After the transaction, SUMITOMO MITSUI BANKING will hold 3.36 pct stake in GMO Payment Gateway.  Full Article

Sumitomo Mitsui Financial Group raises year-end dividend forecast for FY 2015
Wednesday, 13 May 2015 03:30am EDT 

Sumitomo Mitsui Financial Group Inc:Says it raised the year-end dividend forecast to 80 yen per share from 70 yen per share for the FY ended March 2015.  Full Article

SMFG H1 profit falls, hurt by low interest rates

TOKYO, Nov 14 Sumitomo Mitsui Financial Group (SMFG) on Monday reported a 7.5 percent fall in first-half profit, joining its rivals hurt by low interest rates at home and overseas.