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Sumitomo Mitsui Financial Group Inc SMFNF

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Morningstar’s Analysis

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Economic Moat

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Company Profile

Business Description

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of December 2020, its market share of domestic loans was 7.1%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.

Contact
1-2, Marunouchi 1-chome, Chiyoda-ku
Tokyo, 100-0005, Japan
T +81 332828111
Sector Financial Services
Industry Banks - Diversified
Most Recent Earnings Jun 30, 2021
Fiscal Year End Mar 31, 2022
Stock Type
Employees 98,100