Mitsui & Co.

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• Sumitomo Mitsui Financial faces heavy loss as bad debt charge jumps

  - 2005-02-28

  TOKYO AFP — Sumitomo Mitsui Financial Group, the third ranked bank in Japan, has said it would be badly in the red for the year to March as it increased its charge for bad debt further by nearly 50 percent. Sumitomo Mitsui said on Monday it now expects a...

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• Nishikawa, Yoshifumi 1939–

  - 2005-01-01

  Yoshifumi Nishikawa 1939– President and chief executive officer, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation Nationality: Japanese.Born: 1939, in Japan.Education: Osaka University.Career: Sumitomo Bank, 1997–2001, president; Sumitomo Mitsui Banking Corporation, 2001–, president; Sumitomo Mitsui Financial Group, 2002–, president and chief executive officer.Address: Sumitomo Mitsui Financial Group, 1-2 Yurakucho...

  Tags: bank, Banking, Mitsui & Co., Sumitomo Corp.

• JAPANESE BANK CARD OP TO TIE UP WITH SUMITOMO MITSUI.

  - 2004-12-02

  TOKYO, Dec 2 Asia Pulse - Bankcard Service Japan Co., a credit card issuer jointly operated by 64 regional banks, decided at a board of directors meeting Wednesday to form an alliance with Sumitomo Mitsui Card Co. Bankcard will jointly promote cards by providing such services as a...

  Tags: bank, Mitsui & Co., SALES, Sumitomo Corp.

• Japan's Sumitomo Mitsui net profit down over 60 percent; bad debt progress

  - 2004-11-22

  TOKYO AFP — Sumitomo Mitsui Financial Group, Japan's third largest bank, said its first-half net profit dropped 62.8 percent as it aggressively tackled bad loans by boosting loan loss reserves. Group net profit fell to 53.37 billion yen (518 million dollars) in the six months to September as recurring...

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• Mitsubishi Tokyo Financial Group pays UFJ Bank 700 billion yen in capital.

  - 2004-09-17

  Kyodo News International, Tokyo Knight Ridder/Tribune Business News Sep. 17--TOKYO -- Mitsubishi Tokyo Financial Group Inc. said Friday it has completed a payment of 700 billion yen to UFJ Bank to boost the bank's capital base before its planned merger with UFJ Holdings...

  Tags: bank, Banking, FINANCE, Investment, merger, Mitsubishi Corp., Mitsui & Co., Sumitomo Corp.

• Global News: SMFG Adds New Twist To Japan's Big Banks Saga.(Sumitomo Mitsui Financial Group)(Brief Article)

  - 2004-09-01

  The battle in Japan to produce the world's biggest bank took a new twist in late August when Sumitomo Mitsui Financial Group SMFG launched a hostile bid for the smallest of the "Big Four" banks - UFJ Holdings. The battle in Japan to produce...

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• Fitch puts ratings of 6 major Japanese banks on watch over merger talks.

  - 2004-07-31

  Kyodo News International, Tokyo Knight Ridder/Tribune Business News Jul. 31--Fitch Ratings said Friday it has put the ratings of UFJ Bank and five other major Japanese lenders on watch following the announcement by Sumitomo Mitsui Financial Group Inc. that it eyes a ...

  Tags: bank, FINANCE, financial, Fitch, Investment, merger, Mitsui & Co., Sumitomo Corp.

• Sumitomo Mitsui to challenge Mitsubishi Tokyo for UFJ takeover

  - 2004-07-29

  TOKYO, AFP ? Japan's banking sector has been thrown into turmoil as Sumitomo Mitsui Financial Group appears poised to challenge Mitsubishi Tokyo Financial Group in a takeover bid for UFJ Holdings to create the world's largest bank. "I plan to do it today although I don't know how this...

  Tags: bank, Banking, FINANCE, Investment, Japan, merger, Mitsubishi Corp., Mitsui & Co., Sumitomo Corp.

• Aramco, Sumitomo appoint bank for Saudi petchem plan.(new construction projects)(Saudi Aramco and Sumitomo Chemical contracts with Sumitomo-Mitsui Banking Corp.)(Brief Article)

  - 2004-07-14

  Saudi Aramco and Sumitomo Chemical say they have appointed Sumitomo-Mitsui Banking Corp. Tokyo as financial adviser on the companies' recently announced $4.3-billion refining and petrochemical project at Rabigh, Saudi Arabia (CW, June 2, p. 7). Japan Bank for International Cooperation Tokyo is likely to contribute a...

  Tags: bank, FINANCE, Investment, Mitsui & Co., Sumitomo Corp.

• Japan personal-loan firm Promise to end link with UFJ Bank, newspaper reports.

  - 2004-07-07

  Kyodo News International, Tokyo Knight Ridder/Tribune Business News Jul. 7--TOKYO -- The consumer loan firm Promise Co. will terminate its business partnership with UFJ Bank after its planned formation of a capital tie-up with Sumitomo Mitsui Banking Corp., the Asahi Shimbun newspaper...

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