Under the new management, the SMFG group has launched a new medium-term management plan for coming three years from FY3/2012 to FY3/2014.
To start on the new medium-term management plan, first of all, the SMFG group strongly supports Japan’s reconstruction on the financial front to overcome the damage of the Great East Japan Earthquake through responding sufficiently to clients’ financial needs in a timely and effective manner, as a leading financial institution in Japan.
In order to accomplish our basic policy to become a globally competitive financial services group with the highest trust of our clients and other stakeholders by maximizing our strength of “Spirit of Innovation,” ”Speed” and “Solution & Execution,” we set two management targets as follows:
We aim to establish a globally competitive business and corporate base by focusing on strategic business areas, managing impacts from new financial regulations and other issues.
With this in mind, the SMFG group aims to achieve well-balanced and steady improvement of “financial soundness,” “profitability,” and “growth,” and have set the following four financial objectives:
Also, we have set the following five financial targets to be achieved by fiscal 2013:
*3 SMFG consolidated *4 SMBC non-consolidated
In parallel, for next three years, we implement and execute focused business strategies in the following five designated critical business areas, establish a solid financial base and corporate infrastructure that support those strategies and maximize power of integrated organization as “Team SMFG, Team SMBC,” in order to achieve the management and financial targets:
We, the SMFG group, will move forward responding proactively and flexibly to ever-changing environment, and make effort to increase shareholders’ value to become a top-tier global financial services group by pursuing the aforementioned management targets and financial targets.