Chapter 6
Opening a New Chapter in SMBC Group's History
On April 1, 2021, SMBC celebrated the 20th anniversary of its establishment. Over the past two decades, SMBC Group has operated in the midst of tremendous changes in the business environment. Since around 2001, the financial industry has faced historic transformations brought about by an increasing number of non-financial sectors entering the banking business and by diversifying payment methods provided by the emerging fintech businesses. The banking industry thus has been challenged by increasingly fierce competition.
Nonetheless, the Group has identified the broader possibility of achieving growth, primarily through globalization and seizing business opportunities provided by the progress of digitalization and the revision of the Banking Act in Japan to relax regulations on business operations and investment. SMBC Group has constantly transformed itself and evolved to thrive despite the paradigm shifts of the times.
SMBC Group has been, and will continue to be, standing firm on its corporate principles and the business directions it has pursued throughout its history, even when facing changes in the external business environment as well as internal organizational structures and business models. The Group will continue with its challenging endeavors, aiming to fulfill its mission to “grow and prosper together with our customers by providing services of greater value to them,” and to become “a trusted global solution provider committed to the growth of our customers and advancement of society.”
-
Chapter 1The Financial Crisis and Realignment of the Financial Sector
-
Chapter 2The Birth of SMBC and SMFG
-
Chapter 3Initiatives Pursued by SMBC Banking Units in the Early Years
-
Chapter 3Initiatives Pursued by SMBC Banking Units in the Early Years
-
- Enhancing our retail consulting and payments & consumer finance businesses
- Enhancing corporate financial solutions
- Banking-Securities collaboration in the wholesale securities business
- Challenges facing our global banking business
- Actions by Treasury Unit in preparation for rising interest rates
- Integration of operating systems and administrative functions
-
-
-
Chapter 4Embarking on Fresh Challenges Under New Leadership
-
Chapter 4Embarking on Fresh Challenges Under New Leadership
-
- Changes of leadership and the announcement of our new management policy
- Developing group business strategies
- Addressing antitrust issues
- Completing repayment of public funds
- LEAD THE VALUE
- Enhancing our retail financial consulting business
- Enhancing our corporate solution business
- Enhancing our investment banking business
- Global banking business turnaround
- Upgrading risk management in preparation for Basel II
- Development of human resources
- CSR activities
-
-
-
Chapter 5SMFG’s Response to Global Economic and Financial Turmoil
-
Chapter 6Preparing for the Next Decade
-
Chapter 1Business Model Reform Under Challenging Business Conditions
-
Chapter 1Business Model Reform Under Challenging Business Conditions
-
- Our journey under new leadership (the second decade)
- Focusing on growth industries and businesses
- Reforming domestic business operations
- Promoting banking-securities collaboration in Wholesale Banking Unit
- Structural reform of our retail business
- Meeting the needs of an aging society
- Abenomics and Treasury Unit's nimble portfolio management
- Operating in a negative-interest-rate environment
-
-
-
Chapter 2Enhancing Group Businesses
-
Chapter 3Expanding Our Global Business
-
Chapter 4Enhancing Corporate Infrastructure Under a New Governance Framework
-
Chapter 4Enhancing Corporate Infrastructure Under a New Governance Framework
-
- New leadership and enhancing corporate governance
- Introducing group-wide business units and CxO system
- Improving capital, asset, and cost efficiency
- Pursuing our cashless payment strategies
- Retail branch reorganization
- Customer-oriented business conduct
- Enhancing internal-control frameworks
- Valuing diversity and revision of our HR framework
-
-
-
Chapter 5The Path for Our Future
-
Chapter 6Opening a New Chapter in SMBC Group’s History