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July 16, 2024
 

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SUMITOMO MITSUI

BUSINESS
Feb 25, 2016
Mizuho union follows rivals in seeking no pay hike
The labor union of Mizuho Financial Group Inc. decided Wednesday not to request a pay-scale hike at this year's wage talks, given that the banking group has taken a battering from the central bank's negative interest policy, sources said.
BUSINESS
Dec 25, 2015
SMFG chief says 'cautious' approach to lending needed in slowing Asia
Sumitomo Mitsui Financial Group Inc.'s top executive said the bank needs to be cautious in its drive to boost lending in Asia, as a slowdown in China and the slump in commodity prices cloud the region's economic outlook.
Japan Times
JAPAN
Nov 12, 2015
Prime contractor for tilting Yokohama condo makes first public apology
The vice president of Sumitomo Mitsui Construction, the prime contractor for the tilting condominium building in Yokohama, has apologized over the incident — the first such acknowledgment of regret by the company since the scandal broke mid-October.
BUSINESS / Companies
Nov 11, 2015
Sumitomo Mitsui Construction says it cannot estimate earnings impact of scandal
Sumitomo Mitsui Construction Co. said Wednesday it cannot estimate the impact on future earnings of a scandal that began with falsified data for pilings of a now-tilting condominium building.
BUSINESS
Nov 4, 2015
Toyota, two firms to help ventures developing new technologies
Toyota Motor Corp. and two other companies will invest a total of ¥13.5 billion ($111 million) in a new fund to support venture companies developing next-generation technologies, the firms said Wednesday.
BUSINESS / Companies
Aug 31, 2015
Sumitomo Mitsui zeros in on U.S. 'fintech' sector
Sumitomo Mitsui Financial Group Inc.'s credit card unit is zeroing in on investments in the U.S. financial-technology sector, as Japan plays catchup to other developed economies in electronic payments.
BUSINESS
Jul 27, 2015
Japan banks likely to report gains in fees, overseas lending: analysts
Mitsubishi UFJ Financial Group Inc. probably led a slight increase in first-quarter profit at Japan's biggest banks as gains in fee income and overseas lending made up for shrinking loan profitability at home.
BUSINESS / Companies
Jul 9, 2015
SMBC Nikko aims to hire rare experts to manage riskier bank debt
Sumitomo Mitsui Financial Group Inc. is seeking as many as six new hires for a team specializing in underwriting bonds issued by banks that would insulate taxpayers from costs if the lenders later fail.
Japan Times
BUSINESS / Markets
Jul 2, 2015
Mega-banks plan riskier bond sales up to ¥4 trillion
Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. plan to bolster their balance sheets by introducing bonds that offer investors enhanced returns at greater risk.
BUSINESS / Companies
Apr 6, 2015
SMBC Trust to absorb Citi's retail business in Japan on Nov. 1
Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.'s consumer banking business in Japan on Nov. 1.
Japan Times
BUSINESS / Companies
Dec 25, 2014
Sumitomo Mitsui to hire foreign managers in global push
Koichi Miyata, the president of Sumitomo Mitsui Financial Group Inc., said the lender will hire more foreign managers for its overseas operations, tapping their local expertise to aid a global expansion.
BUSINESS
Dec 9, 2014
Sumitomo Mitsui reportedly to buy Citigroup's Japan bank
Sumitomo Mitsui Financial Group Inc. will announce an agreement to buy Citigroup Inc.'s Japanese consumer-banking business as soon as next week, sources with knowledge of the matter said.
Japan Times
BUSINESS / Companies
Nov 8, 2014
Two banks emerge as potential buyers of Citigroup Japan units
Citigroup Inc. has held the second round of an auction to sell its retail and credit card businesses in Japan, apparently short-listing two domestic banks, sources close to the matter said.
COMMUNITY / How-tos / LIFELINES
Nov 2, 2014
Closing a bank account from outside Japan; a new way to pay NHK
Advice on closing a bank account from abroad, and how you could lump your NHK fees together with cable TV payments.
Japan Times
BUSINESS / ANALYSIS
Aug 28, 2014
Megabanks break glass ceiling for foreign managers
Japan's biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit.
BUSINESS
Aug 14, 2014
Japan's top three banks racing to secure licenses to open branches in Myanmar
Japan's top three banks are racing to open branches in Myanmar as investments in the country by Japanese companies are increasing on the back of its booming economy.
Japan Times
BUSINESS / Companies
Jul 31, 2014
Mitsubishi UFJ profit falls less than estimated on lending, fees
Mitsubishi UFJ Financial Group Inc., the nation's biggest bank, reported Thursday a smaller-than-estimated decline in first-quarter profit as lending income and fees rose, shrugging off an equity-market slowdown.
BUSINESS / Companies
Jul 24, 2014
SMBC to lend ¥20 billion to Brazil's Amaggi to secure food supplies
Sumitomo Mitsui Banking Corp. will extend ¥20 billion in loans to Brazilian agribusiness company Amaggi to improve its distribution network and boost exports of corn and soybeans to Japan, according to sources close to the matter.
BUSINESS / Companies
Jul 1, 2014
Banks OK multibillion-yen loans for Oita and Iwate biomass plant projects
Sumitomo Mitsui Banking Corp. and partners will provide a ¥6.3 billion loan for a biomass plant developed by a unit of First Energy Service Co.
Japan Times
BUSINESS / Companies
Mar 27, 2014
SMBC ups pay for first time in 19 years
Sumitomo Mitsui Financial Group Inc.'s lending unit has agreed to raise salaries for the first time in 19 years as an economic recovery spurs profit at Japan's second-largest bank by market value.
Who needs AI when you have Hatsune Miku?
Over the first six months of 2024, a handful of songs using Vocaloid singer Hatsune Miku’s voice have enjoyed widespread attention, underlining a global interest in the character and the technology she represents.
Bloodied Trump survives assassination attempt at political rally
Former U.S. President Donald Trump is surrounded and evacuated by Secret Service agents at a campaign rally in Butler, Pennsylvania, on Saturday. Trump was rushed off stage at the rally after shots rang out.
Shooter came within inches of killing Trump, but left few clues as to why
An aerial view shows the stage where Republican presidential candidate and former U.S. President Donald Trump had been standing during an assassination attempt the day before, and the roof of a nearby building where a gunman was shot dead by law enforcement, in Butler, Pennsylvania, on Sunday.
Yen’s woes seem too big for even a BOJ hike this month to solve
The Bank of Japan headquarters in Tokyo
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
The neurological disorder that 'kills culture'
Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
How to beat Japan’s summer heat in ways better for the planet
Tenugui towels hang up to dry at a dyeing company in Sakai, Osaka Prefecture, on May 8. The durable and versatile tenugui, which many people have in their homes, can be used in many ways to cool one’s body.
After Trump shooting, U.S. presidential race might take a violent turn
United States Secret Service Counter Snipers stand guard on a rooftop during a campaign rally for U.S. President Donald Trump in Avoca, Pennsylvania, in 2020.
No AC this summer? No problem (for me).
Think air conditioning is a requirement for a Tokyo summer? Think again.
She’s paying ¥1 million to help behind the scenes at the Paris Olympics
Mai Tarumi, who previously volunteered at the postponed Tokyo Olympics in 2021, has a travel budget of ¥1 million for her trip to volunteer at the Paris Games.

Podcast

You can often see generations of families enjoying performances together at Fuji Rock Festival.
Japan’s summer music festivals are feeling the heat in more ways than one

Longform

Akiko Trush says her experience with the neurological disorder dystonia left her feeling like she wanted to chop her own hand off.
The neurological disorder that 'kills culture'
By Tomoko Otake

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