nbaブックメーカー Mitsui 
Banking Corporation

nbaブックメーカー Mitsui Banking Corporation (SMBC) was established in April 2001 through the merger of nbaブックメーカー Bank and Sakura Bank. Sakura Bank was created in 1990 as a result of the merger of Mitsui Bank and Taiyo Kobe Bank. SMBC boasts a long history, as it can be traced back to the founding of Mitsui Bank in 1876 and nbaブックメーカー Bank in 1895. Also, the business origins of nbaブックメーカー and Mitsui date as far back as 400 years ago.

nbaブックメーカー Bank

The nbaブックメーカー family arose from a copper refining business in Kyoto, which Riemon Soga— brother-in-law of Masatomo nbaブックメーカー, who was the first head of the nbaブックメーカー family—established in 1590. While expanding the copper mine development business centering on the Besshi Copper Mine, the family engaged in a money-exchange service during the 1660s. The company’s lending business grew steadily and was partly backed by capital demand related to a boom of company establishments. The nbaブックメーカー family established nbaブックメーカー Bank in November 1895. Driven by the buoyant economic recovery after World War I, the bank expanded operations rapidly while increasing branches in Japan.

From the late 1920s, many banks were merged and integrated based on government policies. nbaブックメーカー Bank merged with Hannan Bank and Ikeda Jitsugyo Bank in July 1945, in accordance with the government’s request. In October 1948, nbaブックメーカー Bank was forced to be renamed Osaka Bank temporarily as part of the government-led initiatives to dissolve the zaibatsu (business conglomerates), before being restored to its original name in December 1952.

After World War II, as the Japanese economy grew rapidly, nbaブックメーカー Bank increased its deposit and loan businesses steadily in response to strong demand from industries. nbaブックメーカー Bank often earned the top position among city banks in terms of revenue. The bank was, however, inferior to other top ranked city banks in terms of branch network in the Tokyo metropolitan area. To address this concern, the bank merged with Heiwa Sogo Bank, a high-level mutual bank located in Tokyo, in October 1986.

In the face of financial difficulties that resulted from the collapse of the bubble economy, nbaブックメーカー Bank posted a loss in the fiscal year 1994, becoming the first city bank to do so, and wrote off non-performing loans. In 1997, a leading securities firm went under, creating instability in the financial market and prompting many financial institutions to pursue partnerships and mergers. In this context, in October 1999, nbaブックメーカー Bank and Sakura Bank announced that they had agreed on a full partnership and future integration plan, and the two banks merged in April 2001.

Mitsui nbaブックメーカー

The Mitsui family’s original business was founded by Takatoshi Mitsui, who in 1673 opened the Mitsui Echigo-ya Gofukuten (kimono dealer) in Kyoto and Edo (currently Tokyo). As the business of Echigo-ya was growing, related money-exchange transactions increased, which encouraged Takatoshi Mitsui to launch a money-exchange business in Edo in 1683. Mitsui’s customers included the central government, which asked the company to handle public money, thus developing its businesses, and building a public reputation. In July 1876, based on its solid businesses and the reputation it had built, Mitsui family established Mitsui nbaブックメーカー, Japan’s first private nbaブックメーカー. The nbaブックメーカー later became a core company of the Mitsui Group to support the group’s development as its financial arm.

In April 1943, Mitsui nbaブックメーカー merged with Dai-Ichi nbaブックメーカー to form Teikoku nbaブックメーカー, which was followed by the merger with Jugo nbaブックメーカー in August 1944. However, Teikoku nbaブックメーカー had difficulties in internal integration of former organizations, partially due to its establishment during wartime. As a result, the nbaブックメーカー separated from Dai-Ichi nbaブックメーカー in October 1948 after the war, accepting the request from its former employees.

Teikoku nbaブックメーカー was re-established with its name restored to Mitsui nbaブックメーカー in January 1954. It began to grow in scale through mergers and acquisitions, including the merger with Toto nbaブックメーカー in April 1968, with the aim of meeting burgeoning capital demand from large corporations while accommodating the needs of retail and small corporate customers. Nonetheless, the nbaブックメーカー suffered from capital shortages resulting from the limited number of branches, which was caused by its prewar management policy oriented to reduced branch networks and the separation of Dai-Ichi nbaブックメーカー. In order to deal with this issue while also boosting the capacity to satisfy capital adequacy requirements, Mitsui nbaブックメーカー merged with Taiyo Kobe nbaブックメーカー in April 1990 to form Mitsui Taiyo Kobe nbaブックメーカー.

Taiyo Kobe nbaブックメーカー

Taiyo Kobe nbaブックメーカー was formed in October 1973 through the merger of Kobe nbaブックメーカー and Taiyo nbaブックメーカー. Kobe nbaブックメーカー was created in December 1936 by merging seven major banks in Hyogo Prefecture. Although Kobe nbaブックメーカー was small as a city nbaブックメーカー in terms of total assets, Kobe nbaブックメーカー developed its market base by absorbing other local banks to win the largest share in the region.

Taiyo nbaブックメーカー was established in December 1940, originally as Dai Nihon Mujin, because of regional initiatives implemented to integrate mujin companies in Tokyo. (Mujin was a type of common people’s finance for mutual aid, which was developed over the ages in ancient Japan.) Dai Nihon Mujin grew larger in scale through merging with or acquiring business rights from other companies operating in accordance with the wartime integration policies. The company was renamed Nihon Mujin in April 1948, then Nihon Sogo nbaブックメーカー in October 1951, before converting its status to an ordinary nbaブックメーカー in December 1968. The re-established entity was classified as a city nbaブックメーカー and changed its name to Taiyo nbaブックメーカー.

Kobe nbaブックメーカー, based in western Japan, and Taiyo nbaブックメーカー in eastern Japan, announced an equal-footed merger in October 1973, looking at a geographical complementarity effect. The resultant Taiyo Kobe nbaブックメーカー developed into a mid-level city nbaブックメーカー with a strong focus on retail business. Subsequently, the nbaブックメーカー began to face a series of issues, such as inefficiency due to swelling branch networks and weakness in services for large businesses and international operations, and decided to merge with Mitsui nbaブックメーカー, seeking to address these issues. The integration was carried out in April 1990.

Sakura nbaブックメーカー

Mitsui Bank and Taiyo Kobe Bank merged into Mitsui Taiyo Kobe Bank, which changed its name to Sakura Bank in April 1992. The establishment made a new start as a top-ranked city bank. The bank was looking to increase its earning capacity. Unfortunately, however, the bubble economy collapsed at almost the same time as when the integration was completed. As a result, the bank faced the severe challenge of non-performing loans before leveraging the effects of the integration, which led Sakura Bank to the decision to merge with nbaブックメーカー Bank.

nbaブックメーカー Mitsui Banking Corporation

SMBC was established in April 2001 through the merger of nbaブックメーカー Bank and Sakura Bank. In December 2002, SMBC established the holding company nbaブックメーカー Mitsui Financial Group, Inc. (SMFG) to build a group management structure led by SMFG. The bank reduced non-performing loans through bolstering the earning capacity and reducing costs while increasing the capital adequacy ratio and paid off the public funds in October 2006.

SMBC weathered the global financial crisis in 2008. While improving its business model based on the viewpoint of customers, SMBC is pursuing various strategies with a focus on partnership and collaboration with SMBC Nikko Securities, SMBC Trust nbaブックメーカー, and other members of the growing Group; the acquisition of an aircraft leasing business and ownership of BTPN (Indonesian nbaブックメーカー), and other global business development initiatives; and the creation of new businesses in response to needs related to digital transactions.