SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

TOKYO, Japan - Teisuke Kitayama (L), president of Sumitomo Mitsui Financial Group Inc., along with Citigroup Vice Chairman Stephen Volk (R), announces at a Tokyo hotel on May 1 that SMFG has reached an agreement with Citigroup to acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen.

  • Product Code
  • ILEA001133683
  • Registered date
  • 2009/5/01 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2009 Kyodo News
  • Media size
  • 1428 × 1303 pixel
  • Resolution
  • 240 dpi
  • Deployment size
  • 311.19(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    Mizuho FG Rakuten Group Joint Presentation

    Mizuho FG Rakuten Group Joint Presentation

    Joint presentation by Mizuho Financial Group and Rakuten Group. Pictured from right to left are Masahiro Kihara, President and Group CEO, Mizuho Financial Group, and Hiroshi Mikitani, Chairman and CEO, Rakuten Group, Inc.=November 14,2024,Tokyo,Japan
      Sumitomo Mitsui Financial Group President Change Press Conference

      Sumitomo Mitsui Financial Group President Change Press Conference

      Sumitomo Mitsui Financial Group President Change Press Conference. Toru Nakajima, President. Chairman Takeshi Kunibe.=Date:November 30, 2023, Place:Tokyo
        Sumitomo Mitsui Financial Group President Change Press Conference

        Sumitomo Mitsui Financial Group President Change Press Conference

        Sumitomo Mitsui Financial Group President Change Press Conference. Toru Nakajima, President. Chairman Takeshi Kunibe.=Date:November 30, 2023, Place:Tokyo
          Sumitomo Mitsui group CEO Jun Ota dies

          Sumitomo Mitsui group CEO Jun Ota dies

          File photo taken on Dec. 14, 2018, shows Sumitomo Mitsui Financial Group Inc.'s Jun Ota (L) and Takeshi Kunibe after being appointed the company's president and chairman, respectively. Ota, who became president and CEO in 2019, died on Nov. 25, 2023, due to pancreatic cancer, aged 65.
            Press conference by Japan's SBI, Taiwan's PSMC

            Press conference by Japan's SBI, Taiwan's PSMC

            Yoshitaka Kitao (L), chairman and president of Japanese financial group SBI Holdings Inc., and Frank Huang, chairman of Taiwan's Powerchip Semiconductor Manufacturing Corp., shake hands at a press conference in Tokyo on Oct. 31, 2023. The two companies said they have selected the village of Ohira in Miyagi Prefecture, northeastern Japan, as the location for their planned joint chip factory.
              New loyalty point program

              New loyalty point program

              Sumitomo Mitsui Financial Group Inc. President Jun Ota (L) and Culture Convenience Club Co. CEO Muneaki Masuda shake hands in front of the logo of their new loyalty point program during a press conference in Tokyo on June 13, 2023. The two companies said earlier that CCC's T-Point program and Sumitomo Mitsui's V Point program will be merged into one, with the integrated program to be launched under the new V-Point program possibly in the spring of 2024.
                JDI President Kikuoka at a press conference

                JDI President Kikuoka at a press conference

                Japan Display Inc. (JDI) has finalized a new fundraising framework totaling over 100 billion yen. In addition to raising 80-90 billion yen from Ichigo Asset Group, an independent investment fund, JDI will also sell some of its facilities at its Hakusan plant (Hakusan, Ishikawa Prefecture) to Apple Inc. On April 12, JDI announced that it had reached a basic agreement with Ichigo Trust to raise up to 90 billion yen from Ichigo. Minoru Kikuoka, president of JDI, explained the purpose of the framework at a press conference on January 12, saying, "We will sell assets in order to enhance our capital and at the same time minimize the impact on existing shareholders through dilution. He explained the purpose of the framework. Wistron, a major Taiwanese electronics manufacturing service (EMS) company, also intends to invest 50 million dollars (about 5.4 billion yen) in JDI. December 12, 2019, Tokyo, Japan; Credit: Nikkan Kogyo Shimbun / Kyodo News Images
                  Yahoo Japan to buy fashion retailer Zozo

                  Yahoo Japan to buy fashion retailer Zozo

                  SoftBank Group Corp. Chairman and CEO Masayoshi Son (L) and Yusaku Maezawa, former CEO of online fashion retailer Zozo Inc., are pictured after announcing at a press conference in Tokyo on Sept. 12, 2019, that Yahoo Japan Corp., operating under Son's group, will buy Zozo for about 400 billion yen in a friendly takeover. (Kyodo) ==Kyodo
                    Yahoo Japan to buy fashion retailer Zozo

                    Yahoo Japan to buy fashion retailer Zozo

                    SoftBank Group Corp. Chairman and CEO Masayoshi Son (L) and Yusaku Maezawa, former CEO of online fashion retailer Zozo Inc., shake hands after announcing at a press conference in Tokyo on Sept. 12, 2019, that Yahoo Japan Corp., operating under Son's group, will buy Zozo for about 400 billion yen in a friendly takeover. (Kyodo) ==Kyodo
                      TEPCO expects 227 bil. yen pretax profit in FY 2014

                      TEPCO expects 227 bil. yen pretax profit in FY 2014

                      TOKYO, Japan - Tokyo Electric Power Co. Chairman Fumio Sudo attends a press conference at the company's headquarters in Tokyo on Dec. 17, 2014. TEPCO, which operates the disaster-hit Fukushima Daiichi nuclear plant, said it expects to record a group pretax profit of 227 billion yen for the business year ending March 2015 on the back of deeper cost-cutting, remaining in the black for the second straight year.