History
A rich history underscores purpose, potential, and prosperity
Our company was built on long-lasting relationships and trust—earned through an unshakable foundation and shared success. A steadfast commitment to honor runs through everyone in our organization.
More than 400 years of endless growth and stability
From our roots as Japanese merchants to our present as an international financial firm, SMBC boasts more than four centuries of integrity and innovation. More than a hundred years ago, we bravely ventured to the Americas, bringing along our focus on long-lasting relationships and tradition of honorable service. Our people have continued to earn trust, while forging a path of innovation for the stakeholders we serve.
Masatomo Sumitomo, a native of Kyoto, started a copper-refining business and established industrial capital integrating copper-mine development, refining and export.
Takatoshi Mitsui opened Echigoya, a high-volume kimono retail store—perhaps the world’s first and largest in terms of space and employees—in Edo, present-day Tokyo.
Mitsui and Sumitomo strengthened their capabilities in imports and exports, finance, transportation, and manufacturing to become two of the top business names in Japan.
The Mitsui family established Mitsui Bank, the first private sector bank in Japan.
The Sumitomo family established Sumitomo Bank in Osaka with the capitalization of one million yen.
The first commercial bank from Japan to open a branch overseas.
Expanding its footprint in the Americas.
Expanding its footprint in the Americas.
Entering one of the most dynamic emerging markets in the world.
To serve middle market and small business clients.
Expanding its footprint in the Americas.
To form Mitsui Taiyo Kobe Bank.
The Sakura brand is highly complementary with strength in Eastern Japan.
To form Sumitomo Mitsui Banking Corporation.
To enhance governance and strengthen strategic businesses of the group.
To expand business into finance and leasing space.
Well respected broker-dealer added to world-wide capability.
In a pivotal move, SMFG’s shares start trading on Wall Street.
Expanding the leasing and equipment space to SMBC.
SMFG completes American Railcar Leasing acquisition.