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Sumitomo Trust Co., Ltd. was founded in July 1925 with capital of 20 million yen and its headquarters in Awajicho, Osaka. It changed its name to Fuji Trust & Banking Co., Ltd. in 1948 and adopted the name Sumitomo Trust and Banking Co., Ltd. (住友信託銀行株式会社) in 1952.
Sumitomo Mitsui Financial Group, Inc. (株式会社三井住友フィナンシャルグループ), initialed as SMFG until 2018 and SMBC Group since, is a major Japanese multinational financial services group and holding company. It is the parent of Sumitomo Mitsui Banking Corporation (SMBC), SMBC Trust Bank, and SMBC Nikko Securities.
In 2019, Sumitomo Mitsui Trust Holdings announced that it would make Nikko Asset Management a directly owned subsidiary through a dividend in kind transaction. [18] It was previously held through the Sumitomo Trust and Banking Co which acquired Nikko from Citigroup in 2009. [19]
SMBC has been an early adopter of AI in its banking operation. It is the first Japanese bank to use IBM Watson since 2014 to support operators at its call center. [8] AmiVoice, a voice recognition solution provided by SMBC, transforms inquiries into text on a real-time basis as a speech recognition system, while IBM Watson gives customers responses taken from service manuals and Q&As, thereby ...
Sumitomo Mitsui Trust Holdings* Finance Sumitomo Osaka Cement* Cement: Sumitomo Precision Products: Precision machinery Sumitomo Realty & Development* Real estate: Sumitomo Riko: Rubber materials for vehicles, printers and constructions Sumitomo Rubber Industries: Tires and rubber products The Sumitomo Warehouse Co., Ltd. Warehousing
The Sumitomo Bank, Limited (株式会社住友銀行, Kabushiki-gaisha Sumitomo Ginkō) was a major Japanese bank, founded 1895 in Osaka and a central component of the Sumitomo Group. For much of the 20th century it was one of the largest Japanese banks, together with Dai-Ichi Bank , Mitsubishi Bank , Mitsui Bank , and Yasuda / Fuji Bank . [ 1 ]
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Sumitomo Corporation (Japanese: 住友商事株式会社, Hepburn: Sumitomo Shōji kabushiki gaisha) is one of the largest worldwide sōgō shōsha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.