Tag - smbc

 
 

SMBC

SMBC Nikko Securities has set up an alumni organization for former employees to interact and share their experiences.
BUSINESS / Companies / FOCUS
Mar 4, 2024
As more move midcareer, Japan firms tap former hires with alumni networks
As well as seeking business opportunities, companies also recognize the value of rehiring individuals with expertise and skills gained elsewhere.
Stacked containers at an industrial port in Tokyo on Feb. 15. The weakness of the yen against the U.S. dollar boosts exporters' profits when repatriated.
BUSINESS / Companies
Feb 26, 2024
Combined profits at major Japan firms expected to hit record
The net profits of 1,430 companies listed on the Tokyo Stock Exchange are estimated to total ¥47.06 trillion in the current fiscal year, up 12.9%.
Japan Times
BUSINESS / Companies
Feb 13, 2023
SMBC Nikko fined ¥700 million over market manipulation
The firm received an additional penalty of some ¥4.4 billion, while a former executive officer was given a suspended prison sentence.
Japan Times
BUSINESS / Companies
Nov 4, 2022
SMBC Nikko CEO to stay on, for now, following trading scandal
At a news conference in Tokyo, Yuichiro Kondo said he 'will step down after paving the way for the company's reconstruction.'
Japan Times
BUSINESS / Companies
Oct 31, 2022
SMBC Nikko posts record loss on market rigging fallout
The firm signaled personnel changes are in the works, and wasn't optimistic that business will bounce back quickly.
Japan Times
BUSINESS
Oct 7, 2022
Sumitomo Mitsui punished for market-rigging at brokerage arm
The financial watchdog also ordered SMBC Nikko to suspend operations related to block offers for three months, in a fresh blow to the company's reputation.
Japan Times
BUSINESS / Companies
Oct 3, 2022
SMBC Nikko’s issues let small firms grab credit market share
Tokai Tokyo Securities and Shinkin Securities moved up in the league tables in the first half of the financial year that started April, surpassing SMBC Nikko, data shows.
Japan Times
BUSINESS / Companies
Sep 29, 2022
Watchdog recommends punishment for SMBC Nikko over alleged manipulation
The measures typically entail temporary business suspensions or orders to improve internal controls, among other things.
Japan Times
BUSINESS
Sep 24, 2022
SMBC Nikko to face administrative penalties over stock manipulation
Based on the recommendation, the Financial Services Agency is expected to impose penalties on the firm, including an order for the company to suspend part of its operations.
Japan Times
BUSINESS
Jun 24, 2022
Probe calls SMBC Nikko trading scandal 'unjust act'
A panel urged the brokerage to strengthen its compliance and establish a structure that would enable it to identify misconduct.
Japan Times
BUSINESS / Companies
May 25, 2022
SMBC Nikko’s bond business dives in value after alleged market manipulation
A scandal has damaged the firm just as issuers and investors are increasingly adopting environmental, social and governance targets into their business strategies.
Japan Times
BUSINESS
Apr 12, 2022
Japan SESC files more charges against SMBC Nikko and executives
SMBC Nikko said it sincerely apologizes for causing trouble and concern, and will cooperate with investigations and make efforts to regain trust.
Japan Times
BUSINESS / Companies
Mar 23, 2022
Tokyo prosecutors to indict SMBC Nikko for alleged market manipulation: report
The move against the unit of Sumitomo Mitsui Financial Group Inc., the country's No. 2 lender, will be a blow to one of Japan's biggest brokerages and its second-largest megabank.
Japan Times
BUSINESS / Companies
Mar 16, 2022
Scandal rocks Japanese finance as SMBC Nikko staff are arrested
The arrests are a sudden escalation of a situation that's been brewing since at least June, when the Financial Services Agency's enforcement arm raided SMBC Nikko's offices.
Japan Times
BUSINESS / Companies
Mar 15, 2022
Bridgestone to halt operations in Russia amid Ukraine crisis
The major Japanese tire-maker said it will suspend production at its passenger car tire plant in Ulyanovsk in western Russia from Friday and freeze all new capital investment.
Japan Times
BUSINESS / Economy
Mar 7, 2020
Canceling Olympics would reduce Japan's GDP by 1.4%, study says
Gross domestic product will dip u00a57.8 trillion and corporate revenues will drop 24.4 percent if the outbreak stretches into July, a securities house says.
Japan Times
BUSINESS / Companies
Dec 17, 2019
Japanese securities firm SMBC Nikko to offer option of three-day workweek
SMBC Nikko Securities Inc. is planning to introduce in fiscal 2020 a system that allows employees to work three or four days a week, according to President Yoshihiko Shimizu.
Japan Times
BUSINESS
May 26, 2017
Why ex-Goldman trader shunned hedge funds for a Japan broker
As the biggest earthquake ever recorded in Japan rocked the Roppongi Hills skyscraper in central Tokyo, Makoto Yamada put on his helmet, dropped to his knees, and traded.
Japan Times
BUSINESS
May 18, 2017
Eyeing demographic shift, banks step up English services
When starting out in a new country, having a bank account is essential, but choosing a bank can be difficult without being familiar with banking systems or speaking the local language.
Japan Times
BUSINESS / Companies
Apr 18, 2016
Sumitomo Mitsui hires banking veteran Gelber to lead U.S. push
Sumitomo Mitsui Financial Group Inc. has formed an investment-banking group in the United States, part of a push to expand its mergers advisory business even as competitors from Nomura Holdings Inc. to Goldman Sachs Group Inc. move to curtail costs.

Longform

High-end tourism is becoming more about the kinds of experiences that Japan's lesser-known places can provide.
Can Japan lure the jet-set class off the beaten path?