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sumitomo mitsui financial gr (8316) Details

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides various banking and financial services. Its Commercial Banking segment offers deposits; loans, including syndicated loans, commitment lines, structured finance, and nonrecourse loans, as well as settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services for listed and mid-sized companies; and personal bank accounts, ordinary deposits, time deposits, foreign currency deposits, housing loans, investment trusts, pension-type insurance products, and life insurance products for individuals. This segment also provides international banking services, such as loans, deposits, clearing services, trade finance, project finance, loan syndication, and cash management services; and services related to money, foreign exchange, securities, and derivative markets. As of March 31, 2016, it had 440 branch offices in japan; 17 branches, 17 sub-branches, and 5 representative offices internationally; and 53,284 ATMs. The company’s Leasing segment offers various leasing services comprising equipment, operating, leveraged, aircraft, small-ticket, and automotive leasing. Its Securities segment provides financial products, investment consultation, and administration services to individual and corporate customers, as well as debt and equity underwriting, and M&A advisory services for corporate customers. The company’s Consumer Finance segment offers credit cards, and related settlement and financing services; installments, such as shopping credit and automobile loans; collection and factoring services; and unsecured loans and loan guarantees to individuals. Sumitomo Mitsui Financial Group, Inc. also provides system development, data processing, management consulting, and economic research services; and system engineering and information services, as well engages in venture capital business. The company is headquartered in Tokyo, Japan.

sumitomo mitsui financial gr (8316) Top Compensated Officers

President and Representative Director
Total Annual Compensation: ¥113.0M
Director, Chief Executive Officer of Sumitomo...
Total Annual Compensation: ¥113.0M
Compensation as of Fiscal Year 2016.
sumitomo mitsui financial gr
Toshiba Reportedly Starts Process To Sell Stake In Chip Business

Toshiba Corporation (TSE:6502) has started the process to sell a minority stake in its profitable flash memory chip business, expecting to fetch several billion dollars as it faces a bigger-than-expected write-down for its U.S. nuclear business, Kyodo News reported. Permira Advisers Ltd. and Bain Capital Private Equity, LP are interested in the bid for what is expected to be the sale of 20%-30% of the memory chip business, which Toshiba is expected to split off, Kyodo said, citing sources. Japan's big banks and the Development Bank of Japan are considering buying into a potential spinoff of Toshiba's (TOSYY) chip operations. Potential investors include, Sumitomo Mitsui Financial Group, Inc. (TSE:8316) and the Blue Partners Fund, which teams with DBJ and Mizuho Financial Group, Inc. (TSE:8411). KKR & Co. L.P. (NYSE:KKR) is among four U.S. and U.K. firms that have signed nondisclosure agreements and are preparing bids to acquire a stake in Toshiba's memory chip operations should the Japanese electronics giant spin off the business, according to a report in Nikkei Asian Review. Silver Lake is targeting the assets, the report pointed out.

Sumitomo Mitsui Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016

Sumitomo Mitsui Financial Group, Inc. reported unaudited consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported interest income of $924,563 million against $919,910 million a year ago. Net interest income was $699,611 million against $710,987 million a year ago. Net fee and commission income was $416,971 million against $437,865 million a year ago. Total operating income was $1,906,233 million against $1,739,083 million a year ago. Net operating income was $1,787,662 million against $1,671,803 million a year ago. Profit before tax was $761,082 million against $685,876 million a year ago. Profit attributable to shareholders of the company was $506,104 million against $444,452 million a year ago. Diluted earnings per share was $369.90 against $324.86 a year ago. Net cash and cash equivalents used in operating activities was $4,511,457 million against net cash and cash equivalents provided by operating activities of $2,382,298 million a year ago. Purchases of financial assets at fair value through profit or loss and available-for-sale financial assets were $11,313,448 million against $10,540,388 a year ago. Purchases of property, plant and equipment and investment properties were $206,222 million against $218,849 million a year ago. Purchases of intangible assets were $71,028 million against $75,099 million a year ago.

Sumitomo Mitsui Financial Group, Inc. Announces Board Changes

Sumitomo Mitsui Financial Group, Inc. announced the change of Directors, including Representative Directors, with effect from April 1, 2017. Over the past months, SMFG, through its Nomination Committee, established as an internal committee of the Board of Directors and chaired by Yoshinori Yokoyama, independent outside director, has carefully examined candidates nominated by incumbent senior management. The Committee has also considered the credentials and expectations which SMFG’s future senior management should meet, whilst exploring a fair and transparent nomination process. The company is currently preparing for its new medium-term management plan to be launched in April 2017 as well as the transformation into a Company with three Committees from the current Company with a Board of Corporate Auditors in June 2017, subject to approval at its ordinary general meeting of shareholders. In order to accelerate the preparation under new senior management, the Board of Directors of SMFG approved the change of Directors, on which the Nomination Committee also extended its agreement, as follows: with effect from December 16, 2016, the company appoints Makoto Takashima as Director (Member of the Board) and Senior Managing Director from the current position of Senior Managing Director. With effect from April 1, 2017, the company appoints Teisuke Kitayama as Director from the current position of Chairman of the Board; Takeshi Kunibe as Director from the current position of President (Representative Director); Koichi Miyata as Chairman of the Board from the current position of Director; Makoto Takashima as President (Representative Director) from the current position of Director (Member of the Board)  and Senior Managing Director. Takeshi Kunibe is President, Sumitomo Mitsui Banking Corporation in April 2011. Makoto Takashima is Senior Managing Director, Member of the Board of Directors, Sumitomo Mitsui Banking Corporation in December 2016.


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Valuation 8316 Industry Range
Price/Earnings 8.8x
Price/Sales 1.3x
Price/Book 0.6x
Price/Cash Flow 9.1x
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