Sumitomo Mitsui is one of Japan’s three largest financial institutions and the parent of SMBC. The company provides commercial banking services, including loans, deposits, trade finance, and M&A advisory to corporate and retail customers globally. Sumitomo Mitsui operates through four units: Wholesale, Retail, Global, and Global Markets. The Wholesale unit serves Japanese companies with financing and leasing, while the Retail unit offers wealth management, housing loans, and credit card services through Sumitomo Mitsui Card. The Global unit manages international banking and aircraft leasing, and the Global Markets unit handles asset-liability management and trading. Sumitomo Mitsui makes money through interest rate spreads on loans and deposits and fees from advisory, securities, and payment services. The company’s strategy focuses on digitizing operations through its Olive and Trunk platforms and expanding its footprint in Asian markets like India and Vietnam. Sumitomo Mitsui also maintains a strategic alliance with Jefferies to expand its global investment banking and benefits from rising interest rates in Japan.