History
History of the SMBC Consumer Finance
Thanks to your support, we are celebrating our 60th anniversary on March 20, 2022. We would like to take this opportunity to express our sincere gratitude for your support and patronage. We will continue to strive to foster a healthy consumer finance market by staying close to our customers and providing optimal services and support tailored to each customer's situation, and we will act to solve social issues and achieve sustainability through our business. All of us will strive to be "a global consumer finance company that earns the highest level of trust from its customers.
| 1962 | Mar. | Establishes Kansai Finance in Miyakojima-ku, Osaka |
|---|---|---|
| 1963 | Feb. | Kansai Promise begins consumer finance operations |
| Apr. | Starts Consumer finance business by utilizing PC(Promise Check)System | |
| 1969 | Jan. | Expands business to Tokyo; Tokyo Promise |
| 1974 | Jan. | Merge between Kansai Promise and Tokyo Promise Changes trade name to Promise Trust |
| Jun. | Begins operation of the first computer system in the concumer finance industry | |
| 1980 | Jan. | Changes trade name to Promise |
| 1983 | Aug. | Begins operation of the first automated credit provision system in the consumer finance industry |
| 1989 | Sep. | Starts Liang Jing in Taiwan |
| 1992 | Jul. | Starts PROMISE (HONG KONG) in Hong Kong. Our first Overseas Subsidiary expanding Cunsumer finance business abroad |
| 1993 | Sep. | Registers common stock with the Japan Security Dealers Association as an over-the-counter stock |
| 1994 | Dec. | Lists on the 2nd Section of the TSE |
| 1996 | May | Establishes Net Future |
| Sep. | Lists stock on the 1st Section of the TSE | |
| 2000 | May | Establishes joint-venture loan company Mobit (currently SMBC Mobit) with Sanwa Bank (currently The Bank of Tokyo-Mitsubishi UFJ, Limited (BTMU)) which begins operations in September |
| 2001 | Mar. | Establishes PAL Servicer (currently Abilio Servicer) |
| 2004 | Jun | Agrees to a broad-based business and capital alliance with the Sumitomo Mitsui Financial Group (SMFG) and concludes an agreement in September of the same year |
| 2005 | Jan. | Changes At-Loan;100%subsidiary of SMBC to a consolidated subsidiary |
| Oct. | Starts PROMISE(THAILAND) in Thailand | |
| 2007 | Sep. | Acquires SANYO SHINPAN |
| 2010 | Oct. | Merge with subsidiary company SANYO SHINPAN |
| 2011 | Apr. | Merge with subsidiary company At-Loan |
| May | Starts PROMISE(SHENYANG) in Shenyang, China | |
| Dec. | SMBC conducts a TOB for PROMISE (PROMISE becomes a consolidated subsidiary of the SMFG) | |
| 2012 | Mar. | Delisted |
| Apr. | Becomes a wholly owned subsidiary of SMFG | |
| Jul. | Changes company name to SMBC Consumer Finance | |
| Aug. | Starts Promise Consulting Service (Shenzhen) in Shenzhen, China | |
| 2013 | Dec. | Starts PROMISE(CHENGDU) in Chengdu, China |
| 2014 | Mar. | Changes Mobit to a wholly-owned subsidiary |
| 2015 | Apr. | Starts Promise Asset Managementin Taiwan. |
| 2016 | Oct. | Merge with subsidiary company Net Future |
| 2017 | Dec. | Mobit changes company name to SMBC Mobit |
| 2021 | Oct. | Invests in Vietnam FE Credit |
| 2022 | Feb. | Changes SMBC Guarantee to a wholly-owned subsidiary |
| 2023 | Jul. | Sumitomo Mitsui Card Company (SMCC) merges with SMBC Mobit |
| 2024 | Oct. | Becomes a wholly-owned subsidiary of the SMCC |