Tag - sumitomo

 
Menu
Search
 
October 07, 2025
 

Today's print edition

Home Delivery
Subscribe for more access

SUMITOMO

Sumitomo Life is pledging not to sell its debt assets at a loss, in a rare move to avoid booking valuation losses, a source said.
BUSINESS / Companies
Oct 3, 2025
Sumitomo Life takes unusual step to avoid marking JGB losses
The Osaka-based firm, one of Japan’s top-four life insurers, is taking advantage of guidelines for bond investors when prices move sharply.
Sumitomo Mitsui Financial Group is considering increasing its stake in Jefferies Financial Group as the Japanese lender deepens ties with the U.S. investment bank.
BUSINESS / Companies
Sep 19, 2025
Sumitomo Mitsui mulls raising stake in Jefferies to 20%
The two firms are also in discussions to merge parts of their equities businesses in Japan, potentially through the establishment of a joint venture.
A new type of Mizuho Bank outlet in Yokohama in March
BUSINESS / Companies
Sep 19, 2025
Major Japanese banks are opening new types of outlets
There is a hope to increase direct contact with customers again amid rising interest rates and the growing appetite for asset management services.
Four leading Japanese life insurance companies will stop sending employees on loan to agents and banks for insurance sales, following recent scandals involving these workers, sources revealed on Monday.
JAPAN
Aug 26, 2025
Japanese life insurers to stop transferring workers on loan
The move follows a series of scandals in which employees sent to sales agents leaked rival insurers' customer information.
Sumitomo Pharma applied to Japanese regulators for manufacturing and marketing authorization aimed at treating patients with advanced Parkinson's disease.
JAPAN / Science & Health
Aug 5, 2025
Drugmaker in Japan seeks approval for stem cell treatment for Parkinson's
A trial led by Kyoto University researchers indicated treatment using induced Pluripotent Stem cells was safe and successful in improving symptoms of the disease.
Japan's three megabank groups have estimated that the tariffs imposed by the administration of U.S. President Donald Trump could cut their fiscal 2025 profits by around ¥80 billion ($544 billion) to ¥110 billion.
BUSINESS / Companies
Aug 5, 2025
Japan's five largest banking groups post 2.7% profit gains for April-June
The increase is partly due to growth in profits from the banking groups' lending operations reflecting the Bank of Japan's interest rate hikes.
Mizuho Financial Group now expects net income to reach a record ¥1.02 trillion ($6.9 billion) in the year ending March 31, up from ¥940 billion projected earlier, it said Thursday.
BUSINESS / Companies
Jul 31, 2025
Mizuho and Sumitomo see strong results as Japan banks beat estimates
Japan’s three biggest banks in May predicted another year of record profits, even as the nation’s export-driven economy was at risk from U.S. tariff threats.
The Tokyo Stock Exchange in October 2020
BUSINESS
Jul 4, 2025
Ex-Sumitomo Mitsui Trust official guilty of insider trading
Hajime Katayama, 55, was also fined ¥2 million and ordered to pay ¥61.4 million in additional penalties for his violation of the financial instruments and exchange law.
Eight banks have entered into an agreement with the National Police Agency to share information on suspicious accounts as part of efforts to combat special fraud schemes.
JAPAN / Crime & Legal
Jun 18, 2025
Major banks team up with police to combat special fraud
Under a new agreement, the banks will send information on suspicious accounts directly to the police instead of channeling it through the Financial Services Agency.
Sumitomo Mitsui Banking will be one of the funding sources for a wealth management joint venture by Sumitomo Mitsui Financial Group and SBI Holdings.
BUSINESS / Companies
Jun 16, 2025
Sumitomo Mitsui and SBI to launch wealth management joint venture
Policymakers in Japan are encouraging individual investors to put more of their money in riskier assets such as equities.
Sumitomo Realty has earmarked 19 midsize office buildings in Tokyo for divestment, sources said.
BUSINESS / Companies
Jun 13, 2025
Sumitomo Realty seeks office sale after Elliott takes stake
The developer has earmarked 19 midsize office buildings for the divestment.
A high-rise building in Tokyo's Minato Ward built by Sumitomo Realty & Development
BUSINESS / Companies
Jun 9, 2025
Elliott calls for Sumitomo Realty improvements in rare letter
The letter is a rare public move by Elliott, which has kept quiet on most of its Japan investments.
Japan’s three megabanks are discussing jointly operating ATMs.
BUSINESS / Companies
Jun 4, 2025
Japan’s top banks consider teaming up on ATMs to cut costs
The banks are seeing whether costs can be reduced for tasks needed to run ATMs such as monitoring, security and cash transportation.
Over the past three years, banks with the most blended-finance transactions include SMBC, Citigroup, BNP Paribas and Mitsubishi UFJ Financial Group.
BUSINESS / Companies
May 22, 2025
Sumitomo Mitsui among banks stepping up deals for blended finance
Deals blending public and private funds totaled $18 billion last year, down 21% from 2023, according to Convergence.
SoftBank Group’s investments in AI will be financed through a loan in which Mizuho Bank, Sumitomo Mitsui Banking and JPMorgan Chase serve as lead underwriters, highlighting the Japanese tech investor's ability to secure funding for its outsize ambitions.
BUSINESS / Companies
May 21, 2025
SoftBank taps Mizuho, SMBC and JPMorgan to lead $15 billion loan
The move is a sign of the Japanese tech investor’s ability to secure financing for its outsize ambitions.
Sumitomo Mitsui Financial Group’s clients are becoming cautious about making deals and investments amid uncertainties over U.S. tariffs.
BUSINESS / Companies
May 15, 2025
Sumitomo Mitsui braces for tariff fallout with more buffers
Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion in the year that started in April.
An expected collaboration between Sumitomo Mitsui Financial Group and SoftBank will see the PayPay smartphone payment service being made available via the Olive general financial app provided by Sumitomo Mitsui Banking.
BUSINESS / Companies
May 14, 2025
Sumitomo Mitsui and SoftBank to tie up on digital payment services
The PayPay smartphone payment service operated by a SoftBank affiliate will be made available in Sumitomo Mitsui Banking's Olive app under the partnership.
A branch of SMBC Nikko Securities, a unit of Sumitomo Mitsui Financial Group, in Tokyo
BUSINESS
May 12, 2025
Japan’s megabanks to remain buoyed by BOJ’s long game to hike rates
The central bank stood pat earlier this month after a cycle of rate hikes since March 2024 and halving its economic growth outlook to 0.5% for this fiscal year.
Capsules of Takeda Pharmaceutical's Prevacid heartburn drug. The company's share price dropped by over 5% on Monday after U.S. President Donald Trump announced a plan to order a cut in U.S. prescription drug costs.
BUSINESS / Markets
May 12, 2025
Asian pharma stocks tumble on Trump signal to cut U.S. drug prices
The U.S. president's social media post put pressure on drug-related stocks on worries their profits will take a hit if they have to reduce prices in the U.S.
A security guard stands outside a branch of Yes Bank in New Delhi last August.
BUSINESS / Companies
May 10, 2025
Japan's SMBC to buy stake in India's Yes Bank
The Sumitomo Mitsui deal marks the biggest foreign investment in India’s banking sector, and is the latest move by Japanese lenders to expand in the country.
How Takaichi won the LDP’s leadership race
Sanae Takaichi, the newly elected leader of Japan's ruling Liberal Democratic Party, poses in the party leader's office after the LDP leadership election in Tokyo on Saturday.
Asahi ships beer using paper and fax after ransomware attack
Drinks produced by Asahi at a liquor store in Tokyo. Retailers in Japan are warning customers of possible Asahi Super Dry beer shortages after a cyberattack paralyzed production and distribution at the major brewer.
Retro-wrapped trains mark 100th anniversary of Tokyo's Yamanote Line
Trains decorated to resemble the 103 (left) and 205 series of trains that formerly ran on the Yamanote Line, in Tokyo on Saturday.
Den-en-toshi Line trains collide, halting service
A not-in-service train is seen derailed early Monday morning after colliding with a passenger train late Sunday at Kajigaya Station on Tokyu Railways' Den-en-toshi Line in Kawasaki.
North Korea says 'special assets' deployed against South
North Korean leader Kim Jong Un speaks during the Defense Development 2025 military exhibition event ahead of the 80th founding anniversary of the ruling Workers' Party of Korea, in Pyongyang in this picture released Sunday.
Takaichi, the LDP’s first female president, is far from an ‘overnight success’
Newly-elected Liberal Democratic Party chief Sanae Takaichi greets her fellow LDP members on Saturday at party headquarters.
How a family-run landscaper turned the Osaka Expo green
The team at Ryokukou Garden consists primarily of a single family, including Toshiki Tanisaki (second from right), who led the company's efforts at the Osaka Expo, Chikako Tanisaki (fifth from right), who performs daily maintanence at the expo, and Takeshi Tanisaki (fourth from right), who added a nursery to the family farm more than 50 years ago.
Eat your balloons: The culinary theater of Grant Achatz comes to Tokyo
Avant-garde chef Grant Achatz and his team from Alinea are in Tokyo for a three-week residency.
Japan’s first foreign wine investor plants its roots in Hokkaido
Intrigued by Japanese wines, Burgundy winemaker Etienne de Montille decided to explore Hokkaido's wine scene, eventually setting up his outpost in Hakodate in 2017.
Tea ceremony experts see matcha boom as a big opportunity
Atsuko Mori, founder and director of Kyoto-based tea salon Camellia Tea Ceremony, prepares matcha during a tea ceremony in Kyoto.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Growing families are being priced out of Tokyo’s condo market, forced to choose between downtown convenience and suburban space.
Is living in central Tokyo still affordable?
By Alex K.T. Martin

SUSTAINABLE JAPAN

We are pleased to announce the winners of the 6th annual Sustainable Japan Award.
We are pleased to announce the winners of the 6th annual Sustainable Japan Award.

SPECIAL SUPPLEMENTS note

Read more

SUPPLEMENTS BINDER