2. nbaブックメーカー birth of Sumitomo Mitsui Financial Group

On December 2, 2002, SMBC formed Sumitomo Mitsui Financial Group, Inc. (SMFG), a holding company, through an equity transfer, and SMBC became a wholly owned subsidiary of SMFG. Akishige Okada assumed nbaブックメーカー position of chairman of nbaブックメーカー board and Yoshifumi Nishikawa became president (while they served concurrently as chairman of nbaブックメーカー board and president of SMBC, respectively).

SMFG started with one subsidiary, SMBC. In February 2003, Sumitomo Mitsui Card Company, SMBC Leasing Company, and Japan Research Institute became wholly owned subsidiaries of SMFG. Additionally, Daiwa Securities SMBC and Daiwa SB Investments became directly owned companies.

nbaブックメーカー purpose of forming nbaブックメーカー holding company was enhancement of nbaブックメーカー group’s management. SMFG focused first on improving planning capabilities and enhancing nbaブックメーカー governance of group companies, and second on improving nbaブックメーカー overall earning capacity by strengthening strategic businesses of nbaブックメーカー group.