v3.26.1
Principal Subsidiaries
 12 Months Ended
Mar. 31, 2026
Investments accounted for using equity method [abstract]  
Principal Subsidiaries
49
PRINCIPAL SUBSIDIARIES
Principal Subsidiaries
The Group’s principal subsidiaries at March 31, 2026 are shown in the list below. The Group consolidates all entities that the Group controls. The Group controls an entity when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.
 
Principal domestic subsidiaries
 
Company Name
  
Proportion of
Ownership
Interest
(1)
 
  
Proportion
of Voting
Rights
(1)
 
  
Main Business
 
  
(%)
 
  
(%)
 
  
 
Sumitomo Mitsui Banking Corporation
      100.0        100.0      Commercial banking
SMBC Trust Bank Ltd.
      100.0        100.0      Trust banking
SMBC Guarantee Co., Ltd.
      100.0        100.0      Credit guarantee
SMBC Nikko Securities Inc.
      100.0        100.0      Securities
Sumitomo Mitsui Card Company, Limited
      100.0        100.0      Credit card
SMBC Consumer Finance Co., Ltd.
      100.0        100.0      Consumer lending
JRI Holdings, Limited
(2)
      100.0        100.0      Business management
The Japan Research Institute, Limited
(2)
      100.0        100.0      System development, data processing, management consulting and economic research
Sumitomo Mitsui DS Asset Management Company, Limited
      50.1        50.1      Investment management, and investment advisory and agency
CCC MK HOLDINGS Co., Ltd.
(3)
      80.0        80.0      Reward points programs and advertising and marketing services
Alternative Investment Capital Limited
      60.0        60.0      Investment management and investment advisory
SMBC Venture Capital Co., Ltd.
      100.0        100.0      Venture capital
SMBC Consulting Co., Ltd.
      98.3        98.3      Management consulting and information services
Japan Pension Navigator Co., Ltd.
      69.7        69.7      Operational management of defined contribution pension plans
 
(1)
Percentages of proportion of ownership interest and proportion of voting rights have been truncated.
(2)
The Japan Research Institute, Limited merged with JRI Holdings, Limited and Nikko Systems Solutions Ltd., the Group’s subsidiary, on April 1, 2026.
(3)
CCC MK HOLDINGS Co., Ltd. changed its corporate name to V POINT MARKETING Co., Ltd. on April 1, 2026.
Principal foreign subsidiaries
 
Company Name
  
Country of
Incorporation
  
Proportion of
Ownership
Interest
(1)
    
Proportion
of Voting
Rights
(1)
    
Main Business
       
(%)
    
(%)
      
SMBC Bank International plc
   U.K.     100.0       100.0     Commercial banking
Sumitomo Mitsui Banking Corporation (China) Limited
   China     100.0       100.0     Commercial banking
PT Bank SMBC Indonesia Tbk
   Indonesia     98.5       91.0
(2)
 		   Commercial banking
SMBC Americas Holdings, Inc.
   U.S.A.     100.0       100.0     Bank holding company
SMBC MANUBANK
   U.S.A.     100.0       100.0     Commercial banking
Banco Sumitomo Mitsui Brasileiro S.A
   Brazil     100.0       100.0     Commercial banking
JSC Sumitomo Mitsui Rus Bank
   Russia     100.0       100.0     Commercial banking
SMBC Bank EU AG
   Germany     100.0       100.0     Commercial banking
Sumitomo Mitsui Banking Corporation Malaysia Berhad
   Malaysia     100.0       100.0     Commercial banking
SMBC Leasing and Finance, Inc.
   U.S.A.     100.0       100.0     Leasing
SMBC Nikko Securities America, Inc.
   U.S.A.     100.0       100.0     Securities
SMBC Nikko Capital Markets Limited
   U.K.     100.0       100.0     Securities
SMBC Capital Markets, Inc.
   U.S.A.     100.0       100.0     Derivatives
TT International Asset Management Ltd
   U.K.     100.0       100.0     Investment management, and investment advisory and agency
SMFG India Credit Company Limited
   India     100.0       100.0     Financial services
 
(1)
Percentages of proportion of ownership interest and proportion of voting rights have been truncated.
 
(2)
During the fiscal year ended March 31, 2020, the Group disposed of a 3.7% equity interest in PT Bank SMBC Indonesia Tbk (formerly known as PT Bank BTPN Tbk) to a third-party investor. Subsequently, in the fiscal year ended March 31, 2024, the Group disposed of an additional 3.7% to other third-party investors. The disposals were undertaken to ensure that PT Bank SMBC Indonesia
 
Tbk is compliant with the free float requirement under the Indonesia Stock Exchange’s Rule. The Group had also entered into a commercial arrangement where the economic exposure resulting from the disposals is being retained. Therefore, the disposals have not resulted in a decrease in the Group’s ownership interests. 
The Group does not control some entities despite the fact that the Group holds more than 50% of their share capital, because the Group has entered into agreements with other investors to share or give those investors the power to govern the entities’ financial and operating policies over these investees.
Some of the Group’s subsidiaries may be subject to restrictions on the ability to transfer funds to the Company in the form of cash dividends or to repay loans or advances, which include capital adequacy requirements imposed by the governments and central banks, and the Companies Act of Japan restrictions relating to dividends. In addition, the Group pledges assets as collateral to secure payables under repurchase agreements, securities lending transactions and securitizations, borrowings or for cash settlements, margins on derivative transactions and certain other purposes. The details of assets pledged are described in Note 40 “Assets Pledged and Received as Collateral.”