SMBC Nikko Securities

Established Kawashima-ya Trading Company

Transitioned to a corporate organization. Became Kawashima-ya Trading Co., Ltd.

Established the former Nikko Securities Co., Ltd.

Established Kyodo Securities Co., Ltd.

Kawashima-ya Trading withdrew due to its independent underwriting operations.

Established Kawashima-ya Securities Co., Ltd.

Merged Kawashima-ya Trading and Kawashima-ya Securities.

The former Nikko Securities absorbed Kyodo Securities.

Merged former Nikko Securities and Kawashima-ya Securities to establish Nikko Securities Co., Ltd.

Registered as a securities firm under the Securities Trading Act.

Become a full member of the Tokyo, Osaka, and Nagoya Stock Exchanges.

Completion of registration of the entrusted company under the Securities Investment Trust Act.

Listing on the second section of the Tokyo, Osaka, and Nagoya Stock Exchanges.

Listing on the first section of the Tokyo, Osaka, and Nagoya Stock Exchanges.

The Nikko Solomon Smith Barney Securities Company (later Nikko City Group Securities), a joint venture with Citigroup conducting investment banking, commenced operations.

Establishment of Nikko Securities Split Preparation Co., Ltd.

Nikko Securities Split Preparation Co., Ltd. inherited all securities and other business of Nikko Securities Co., Ltd. and changed its name to Nikko Cordial Securities Co., Ltd. Nikko Securities Co., Ltd. changed its name to Nikko Cordial Group Co., Ltd. as a holding company.

Acquisition of Nikko Cordial Group shares through a public offer made it a subsidiary of Citigroup (later fully acquired through a triangular share exchange).

Registration as a Type 1 and Type 2 securities business, investment adviser, and agency business under the enactment of the Financial Instruments and Exchange Act.

Listing on the first section of the Tokyo, Osaka, and Nagoya Stock Exchanges (delisted upon full acquisition).

Registration as an investment management business under the Financial Instruments and Exchange Act.

Establishment of Nikko Cordial Securities Split Preparation Co., Ltd.

Nikko Cordial Securities Split Preparation Co., Ltd. inherited all business of the former Nikko Cordial Securities Co., Ltd. and part of Nikko City Group Securities Co., Ltd., and changed its name to Nikko Cordial Securities Co., Ltd. Transfer of shares to Sumitomo Mitsui Banking Corporation made it part of Sumitomo Mitsui Financial Group.

Renamed to SMBC Nikko Securities Co., Ltd.

Becomes a directly invested subsidiary of Sumitomo Mitsui Financial Group.

Merged with SMBC Friend Securities Co., Ltd.

Establishment of SMBC Nikko Securities Holdings.