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July 03, 2026
 

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SUMITOMO MITSUI

Mizuho Financial Group and Sumitomo Mitsui Financial Group propelled foreign-currency bond sales by Japanese companies to a record.
BUSINESS / Companies
Jun 30, 2026
Mizuho and SMFG fuel record Japanese corporate bond sales overseas
The surge in issuance in overseas currencies is in part being fueled by the depreciating yen, which slid to its weakest level against the dollar since 1986 this week.
MUFG Bank, Sumitomo Mitsui Banking and other lenders have agreed to extend the maturity of about ¥75 billion ($463 million) in loans to Godiva Japan by nine months.
BUSINESS / Companies
Jun 30, 2026
Godiva’s Japan lenders agree on 9-month loan extension
The chocolate maker posted a net loss of about ¥30 billion for the year ended December 2025.
Godiva Japan, which was taken over by Asian private equity fund MBK Partners in 2019, owes about ¥75 billion ($464 million) by the end of this month, according to people familiar with the matter.
BUSINESS / Companies
Jun 23, 2026
Godiva Japan said to seek extension on $464 million leveraged buyout loan
Godiva Japan, which was taken over by Asian private equity fund MBK Partners in 2019, owes about ¥75 billion ($464 million) by the end of this month, according to informed sources.
Sumitomo Mitsui Banking is discussing a significant risk transfer to offload risks linked to about $1.8 billion of lending for infrastructure projects.
BUSINESS / Companies
Jun 19, 2026
Japan’s SMBC weighs SRTs on $5.8 billion of project and Latin America loans
Banks use significant risk transfers mainly to increase their capacity for new lending or shareholder payouts by shifting risks on loan tranches to investors.
SMBC, part of Japan’s second-largest banking group, became the top shareholder of India's Yes Bank with a 24.9% stake last year.
BUSINESS / Companies
Jun 12, 2026
SMBC-backed Yes Bank sees Indians tip-toeing back to deposits
Bank credit in India grew 16.2% in the year through May 15, the fastest pace since June 2024, according to central bank data, while deposits rose 12.2% over the same period.
Anthropic CEO Dario Amodei speaks during the World Economic Forum's annual meeting in Davos, Switzerland, in January.
BUSINESS
Jun 11, 2026
Japan financial firms to join NEC-Anthropic AI collaboration
The partnership aims to improve the quality of financial services for customers using AI and to strengthen measures against cyberattacks.
Manatomo Yoneyama, president of Sumitomo Mitsui Trust Bank, speaks during an interview at the bank's headquarters in Tokyo's Chiyoda Ward on May 22.
BUSINESS / Companies
Jun 9, 2026
Sumitomo Mitsui Trust mulls up to ¥380 billion in digital investment
The bank also plans to spend ¥30 billion to optimize its operations and reposition some 900 employees to client-facing roles.
With Anthropic's Claude Mythos, financial institutions will be able to rapidly detect vulnerabilities in their systems and fix them.
BUSINESS / Tech
Jun 3, 2026
Japanese government and banks granted access to Claude Mythos
The access could help the government and the nation’s megabanks shore up any cybersecurity vulnerabilities.
Sumitomo Mitsui Financial Group is set to name a local resident to lead its Indian banking business for the first time.
BUSINESS / Companies
Jun 2, 2026
SMBC set to name first local exec as Indian unit head in expansion
The appointment is part of a broader leadership reshuffle across Sumitomo Mitsui’s banking and nonbanking operations in India.
Sumitomo Mitsui Financial Group has priced a ¥300 billion ($1.9 billion) dual-tranche Additional Tier 1 (AT1) bond deal, adding to a growing pipeline that underwriters estimate could push Japanese bank issuance of the special bond to a record high this year.
BUSINESS / Companies
May 29, 2026
Japanese banks see hybrid bond boom to fund regulatory capital
The issuance of Additional Tier 1 bonds, which are considered among the riskiest forms of bank debt, could rise to a record high in Japan this year.
Outstanding loans across all Japanese banks increased by 5.4% year-on-year in April, while deposits grew only 1.9%, prompting major banks to work to meet clients’ needs through various funding measures.
BUSINESS / Companies
May 20, 2026
Japan banks face challenge of loan growth outpacing deposits
For decades, deflation kept loan demand tepid and prompted savers to hoard cash. Now the country is seeing an explosion of borrowing, and deposits aren’t keeping up.
Sumitomo Mitsui Financial Group President and Group CEO Toru Nakashima in 2025. Nakashima believes that Japan must make better use of medical resources.
BUSINESS / Tech
May 19, 2026
SMFG, Fujitsu and SoftBank forming medical alliance to help contain costs
As Japan faces another wave of retirees, technology might help keep the nation fit and control healthcare spending.
MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking are all likely to gain access to Anthropic’s artificial intelligence model, Mythos.
BUSINESS / Companies
May 14, 2026
Japan megabanks set to win Mythos access after Bessent visit
Mythos access could be granted to MUFG Bank, Sumitomo Mitsui Banking and Mizuho Bank as early as the end of May.
Nippon Life Insurance's Tokyo headquarters
BUSINESS / Companies
Apr 7, 2026
SMFG and Nippon Life discuss $3 billion LBO loan fund
The move would mark a milestone in Japan’s credit market, where the three biggest banks have dominated lending.
Japanese companies including Mitsubishi, Sumitomo Mitsui Banking and Toyota Ventures invested in a $147 million Africa-focused venture fund, highlighting rising interest in African startups.
BUSINESS / Companies
Mar 31, 2026
Japanese investors back new VC fund targeting African startups
The backing by large firms underscores the growing interest from the nation in African companies as they contend with a shrinking market and relatively low interest rates at home.
Sumitomo Mitsui Financial Group CEO Toru Nakashima says the banking group is seeking growth without large acquisitions.
BUSINESS / Companies
Mar 31, 2026
SMFG cools on acquisitions as banking giant sets new profit goal
Japan’s second-largest lender is aiming for ¥2 trillion in profit and a 13% return on tangible equity in three years.
Sumitomo Mitsui Trust is keen to tap Raymond James Financial’s clientele to provide funds for mergers and acquisitions and sell Japan-related investment products to wealthy individuals.
BUSINESS / Companies
Mar 4, 2026
Sumitomo Mitsui Trust said to ally with Raymond James in U.S.
Raymond James has a broad network of small and medium-sized business clients and wealth management customers across the United States.
Rapidus is building a massive plant in Chitose, Hokkaido, for the manufacture of advanced semiconductors.
BUSINESS / Companies
Feb 27, 2026
Japan’s Rapidus receives another ¥267.6 billion in funding
The government now controls 11.5% of the chipmaker, and that figure reaches up to 40% if nonvoting shares are converted.
Japanese banks, including Mizuho Financial Group, and other foreign lenders in Asia have seen departures from their loan financing teams as loan demand softens.
BUSINESS / Companies
Jan 14, 2026
Senior loan bankers depart Mizuho and SMBC after Asia volumes slump
Asia’s offshore loan market has been weighed down by elevated dollar interest rates, geopolitical risks and heightened competition among global lenders as deal flow dwindles.
MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and Sumitomo Mitsui Trust Bank are planning to raise annual interest rates on ordinary deposits to 0.3% from the current 0.2%.
BUSINESS
Dec 20, 2025
Four major Japanese banks to hike ordinary deposit interest rates
The four banks are MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank and Sumitomo Mitsui Trust Bank.
Japan triples departure tax in push to combat overtourism
Tourists in Yanaka Ginza, Tokyo, on Wednesday. Japan tripled its International Tourist Tax (departure tax) to ¥3,000 from ¥1,000 on Wednesday for all travelers leaving Japan, regardless of nationality.
‘My dream is broken’: Japan visa rules push out foreign residents
A man orders from a kebab shop in the Okubo district in Tokyo.
More facilities in Japan placing sanitary bins in men’s restrooms
A sanitary bin with an awareness sticker placed in a men's restroom in the Nagasaki Municipal Government building
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
Why is the yen so weak and what can Japan do about it?
Japan spent ¥11.7 trillion ($73 billion) between late April and late May to prop up the weak yen.
Six of the best: rikishi of note in each sumo division
Kazuma (right) faces off against future <i>yokozuna</i> Onosato during the All Japan Amateur Sumo Championships at the Ryogoku Kokugikan in Tokyo in December 2020.
Some startups see opportunity in an aging Japan
Yasmin Baba, CTO of Amilis, wins the Grand Prize at the Pitch2Tokyo Grand Final on Feb. 19.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Life inside Japan’s largest prison for women
Western-style rooms spanning the size of four tatami mats with hardwood floors, a toilet and soft mattresses on bed frames are designated for foreign nationals and those with health conditions at Tochigi Prison.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.

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