In recent years, Sumitomo Mitsui Finance & Leasing (SMFL) has made significant strides in its commitment to digital transformation (DX). Having accelerated its efforts since the mid-2010s, SMFL is currently laying plans that align with its vision for 2030, which heavily focuses on enhancing its digital solutions and developing human resources. This shift is built upon the company's foundation in the leasing business, as they adapt to and innovate within the financial landscape.
Back in 2019, the company formally announced its aspiration to transform into a 'Digital Advanced Enterprise.' At that time, the term 'DX' was already prevalent in society; however, the reaction from both external observers and internal departments was one of surprise and skepticism. Many wondered why a leasing company would strive to become a digital leader, but the executives at SMFL were confident in their path forward.
One pivotal moment in this journey was the inclusion of the former GE Capital into their group in 2016. This acquisition brought about a robust digital team, serving as the core force behind their transformation. Initially starting as a small team, this unit has now grown to over 100 specialists dedicated to driving digital initiatives.
Despite this impressive growth, leaders at SMFL emphasize that their digital division does not operate in isolation. Contrary to maintaining a 'dejima' (a term used historically to designate a place of seclusion), the digital team works collaboratively across all departments, integrating digital initiatives into the company’s broader operations. This cohesion has proved key as the company navigates market demands and customer expectations.
Moreover, on March 26, 2025, SMFL continued its momentum by engaging in a strategic partnership with Osaka Prefecture, Osaka City, and Sumitomo Mitsui Banking Corporation. This agreement aims to attract investment both domestically and internationally, leveraging the regional strengths for financial growth.
The collaboration comes at a time when companies are seeking innovative ways to enhance productivity and efficiency through partnerships. Additionally, on the same day, Mitsubishi HC Capital announced a collaboration with Mitsubishi Auto Leasing focused on electric vehicle (EV) leasing, emphasizing sustainability with projections for virtually zero CO2 emissions.
This collaborative approach underlines a growing trend among Japanese companies to harness synergies that enhance competitive advantages. As firms seek to address climate changes, these types of partnerships are becoming increasingly vital. The emerging norm is for companies to ally rather than compete when facing collective issues such as environmental sustainability.
With the implementation of cutting-edge approaches and innovative partnerships, it is clear that SMFL is positioning itself at the forefront of the digital revolution in financing. The strategic plans directed by the leadership, including Executive Vice President Eiichi Sekiguchi, are expected to propel the company towards achieving its vision for the coming years. Just as Sekiguchi stated, “The solutions we provide are essential to meet our customers' challenges,” the transformative efforts continue to solidify SMFL’s presence as a forward-thinking financial enterprise.
In conclusion, the landscape of finance and leasing is evolving with rapidly advancing technology. SMFL’s commitment to digital transformation, reflected in its strategic partnerships and innovative solutions, ensures it remains competitive and responsive to the dynamic needs of its clients. As businesses around the globe pursue effective measures for sustainable growth, SMFL exemplifies the integration of innovation within traditional sectors.
