2024

CORPORATE PROFILESMFL at a Glance(as of March 31 , 2024 )Shareholding Ratio(excluding treasury stock)

50

50

％

No. of Employees

No. of Customers(consolidated)

Approximately

322％

K companies

Including approx. 302 k vendor

3,941

finance customers

Operating Assets

US$

55.1

billionThe US Dollar amounts represent translations ofJapanese Yen amounts at the rate of ¥ 151 . 33 =US$.

Renewable Energy Power

Realizing
Sustainability
01

Generation Project Actuals

1,744
Including financeMW

Owned andManaged Aircraft

716

Long-term Ratings

S&P

A- AA AA
R&I

JCR

02

Global Network
Promoting Commitment to the SDGs
As stated in one of the Our Vision of the "SMFL Way," we aim to contribute to the sustainable development of society as
a company "chosen for its commitment to SDGs."

Asia
Dublin( 2 offices)
London6 offices

Amsterdam(excluding Japan)

Filderstadt

EuropeShanghai

5 offices

The Americas

2 offices

Key Issues and Focus Measures
New York

Costa Mesa

We have selected eight goals closely related to our business domains and will promote businesses that
contribute to solving social issues.

Guangzhou

8 Focus Goals

Bangkok
Kuala Lumpur
Singapore
JakartaGlobal Network

13 offices 10 countries

Environment

Next generation

Contributing to achieving
decarbonization andrecycling-based society● Promoting initiatives for renewable energy● Expanding our handling of products that contribute to decarbonization● Promoting circular economy business● Controlling our own usage of electricity and paper

Contributing to the development ofpeople and companies connectedwith the next generation● Promoting innovation in areas such as digital technology and robotics

Contributing to the sustainable
development of local communities● Contributing to the development of the economies of all countries by● Supporting the children who will become the platform for the next

generation● Providing solutions for sustainable urban development

Business Unit

Community

supporting capital investments on a global basis● Community participation and support

Each business unit demonstrates a high level of expertise and works closely together to propose optimal solutions that are tailored to
the needs of our customers.

Corporate Business Unit
Provides a variety of financial services,
including leasing, and various schemes andservices beyond the framework of financeto all kinds of companies.

Product Promotion Unit
Develops used machinery and equipment
sales business, promotes sales of life
insurance for corporate customers,
investments and loans, and otherbusinesses related to the circular economy.

Real Estate Business Unit
Provides leasing and non-recourse loans forreal estate, and engages in the real estate
rental and the real estate development
business and the real estate asset
management business.

Global Business Unit
Provides sales financing to overseas
companies and financing for overseas
capital investment by Japanese companies,
as well as promoting operating leases andinvestment and loans businesses overseas.

03

Supplier Business Unit
Provides sales financing and vendor leasing
for truck, civil construction equipment, IT
equipment, facilities equipment, and more.

Environmental and Energy
Business Unit
Provides financial services for renewableenergy and energy-saving facilities andengages in power generation and energy
services businesses.

Transportation Business Unit
Operates an aircraft leasing business, anaircraft engine leasing business, and ahelicopter leasing business. Provides ship
financing, and sells investment products
related to aircrafts and ships.

Business Advisory Unit
Develops and promotes digital and agroforestry and livestock related businesses,
public sector businesses, businesses utilizing
trust functions, and new businesses.

Job satisfaction

Creating opportunities foreverybody to be actively involvedin a better future● Promoting an active role for women and senior citizens● Promoting workstyle reforms● Improving operational efficiency through the use of digital technology

Medium- to long-term environmental targets
We will proactively address climate change issues and contribute to achieving a decarbonized, recyclingbased society.
Target 1

SMFL (non-consolidated) GHG emissions in Japan (Scope 1 and 2 ) ▶ Achieved

Target 2

SMFL Group (consolidated) GHG emissions (Scope 1 and 2 )Target 3

Contribute to decarbonization through sustainability businesses▶ Achieve net-zero by FY 2025

We plan to achieve a cumulative contract value of ¥ 1 trillion by FY 2025 and ¥ 2 trillion by FY 2029 insustainable-related businesses, such as green finance, SDGs leasing, sustainability-linked leases and loans,and environmentally certified real estate leases and financing.

SMFL Group Human Rights Policy• In order to respect the human rights of all officers and employees of the Group as well as all people who are directly or
indirectly affected by our business activities, we have established a "Human Rights Policy" and are implementing its provisions.
• We will strive to respect human rights based on international standards such as the "International Bill of Human Rights," the"ILO Declaration on Fundamental Principles and Rights at Work," and the "UN Guiding Principles on Business and Human
Rights," as well as the Japanese government's "Guidelines on Respecting Human Rights in Responsible Supply Chains."• As a member of the UN Global Compact, the Group will fulfill its expected responsibility to respect human rights incooperation with its suppliers and customers and in dialogue and collaboration with relevant stakeholders.

04

1963
1968

February
Tozai Kogyo Co., Ltd. (which is subsequently
renamed Sumisho Lease Co., Ltd.) isestablished.

SeptemberSogo Lease Co., Ltd. (subsequently renamed
SMBC Leasing Co., Ltd.) is established.

1980

May

1996

September

2012

Local subsidiary established in Singapore.

Local subsidiary established in Guangzhou,
China.

1997

March

2003

March

2007

July

2014

Local subsidiary established in Thailand.

Local office established in Shanghai, China.

Sumisho Lease Co., Ltd. and SMBC Leasing
Co., Ltd. merge, creating Sumitomo Mitsui
Finance and Leasing Co., Ltd.

January
Local subsidiary established in Indonesia.

June
SMFL joins with Sumitomo Mitsui Banking
Corporation and Sumitomo Corporation toacquire the aircraft leasing business of The
Royal Bank of Scotland Group PLC, which isrenamed SMBC Aviation Capital.

April
Local office established in New York, U.S.A.

2015

December

2016

April

2018

October

2019

January

Local subsidiary established in Malaysia.

October

05

2010

DMG MORI Finance GmbH is acquired as aconsolidated subsidiary.

2020

June

2021

January2022

December

SMFL LCI Helicopters Limited is acquired
as a consolidated subsidiary.

Kenedix, Inc. is acquired as aconsolidated subsidiary.

Goshawk Management Limited isacquired as a consolidated subsidiary.

History of SMFL
We provide a variety of services that contribute to theresolution of customers' management and social issues.
Sumitomo Mitsui Finance and Leasing (SMFL) is a leading leasing company in Japan.
It has done business for over 50 years and has the longest business history in theJapanese leasing industry.
SMFL is an equity-method affiliate of Sumitomo Mitsui Financial Group, “SMFG”, oneof the three major financial groups in Japan and Sumitomo Corporation, a leading
global trading and business investment company.
As the business environment undergoes major changes, we have evolved our businessmodel, expanded our business domain, acquired and integrated companies tostrengthen our business, and achieved steady growth. We will continue to aim forfurther growth by actively working on new business areas.

SMFL acquires GE Japan GK (formerly
GE Japan Corporation) as a consolidated
subsidiary.

SMFL MIRAI Partners Co., Ltd. is established.

SMFL Capital Co., Ltd. is merged into SMFL.

April
SMBC Aero Engine Lease B.V.
is acquired as a consolidated subsidiary.

06

Top Message

Philosophy

By leveraging the strengths of abusiness company with financial

The "SMFL Way" serves as the framework that defines
our management philosophy, policies, values, and principle.

capabilities, we will generate
both greater social and economic
value with the aim of achieving

SMFL Way“planet-friendly leasing.”

Our Mission
Looking beyond the present, we are committed toOur
Missioncontributing broadly to the sustainable growth of
our customers and society by providing high valueadded services.

Our Vision

Our Vision◦ The best business partner◦ Chosen for its commitment to SDGs
◦ Encourage employee development◦ An advanced digital company

It is 60 years since the birth of the leasing business in

Division, and in addition to our aim of engaging inJapan. In response to changing times, leases have met

businesses that lead to decarbonization, we have set a

the needs of customers and society through services

goal of becoming a provider of platforms for achieving

hinging mainly on physical objects. On the other hand, Ina circular economy. We have also become aware of athe light of climate change problems that have become

variety of non-climate change issues faced by society,increasingly serious in recent years, achieving carbon

and are considering what role we can play as a leading

neutrality by 2050 has become a pressing issue, and ascompany in the leasing industry, while exploring ourdemands for organizations to address environmental

approach to the creation of social value in greater depth.

matters gather pace, the vision of our SMFL Group is also
undergoing a transformation.

We will strive to build a foundation from which we canprovide the solutions required by the times, aiming to be

Previously we had promoted the “ 3 Rs” through recycling

the best partner that grows together with our customers.

and reuse after the ending of the lease, but currently
we are utilizing the internalized DX that is one of our

Our Value
Five Values

Our Value◦ Customer First◦ Quality◦ Proactive & Innovative◦ Team SMFL

◦ SpeedOur Principle

Our Principle

As a trusted and responsible corporate citizen
committed to meeting and exceeding its customers’
expectations, SMFL is committed to—at all times—
acting in good faith and complying with allapplicable law.

Thank you in advance for your continued support.

strengths to boost the traceability of objects. In the fiscal
year under review, we established the Circular Economy

07

08

Services &Solutions

Leasing & Installment Sales

Leasing◦ Based on the customer’s selection,
SMFL purchases equipment on behalfof the customer and provides leasing

Leasing & Installment Sales

arrangement to the customer.

SMFL provides variety types of machinery and equipment through lease and installment sales arrangement toCountry where SMFL
has licensed entity• Equipment selection• Delivery• After-sales service

Customer• Lease application• Signing of lease contract• Payment of lease rents◦ The customer pays lease rents during

meet customers’ diversified needs.

the term of lease contract.

Finance◦ In case resell value expected, Operating

SMFL provides finance to customers, such as Factoring, Real estate loans, and Ship finance.

Manufacturer/
Distributor

Lease can be also considered.

• Purchase order• Sales and purchase contract• Payment of equipment cost

Other Services
SMFL can support customer’s business with other services such as Second-hand buy and sell, Maintenance andinsurance arrangement in collaboration with our partner companies.

Cross-Border Installment Sales◦Between the customer in Country

Principal Items

A and manufacturer/distributor in
Country B, SMFL buys and resells
equipment with flexible payment
terms.

• Equipment selection• Delivery• After-sales service

CustomerCountry A• Application for
installment sales• Signing of installment
sales contract• Payment of installment
amounts◦The equipment is delivered directlyfrom Shipper to Consignee and mostof the trading procedure is madeConstruction machinery

between them as usual transaction.

Transportation equipment

Manufacturer/
Distributor• Purchase order• Sales and purchase contract• Payment of equipment cost

Country B

Japan/
Singapore

Sales Financing◦Sales Financing is the service for the
manufacturer/distributor to support
Industrial machinery

Information and telecommunications equipment

Medical equipment

their sales promotion with our leaseor related finance.
◦When the manufacturer/distributor

Country where SMFL
has licensed entity• Sales Promotion• Introducing SMFL tocustomer’s financial
requestCustomer• Application for SMFL
credit interview• Signing of lease contract• Payment of installment
amountsreceives financial request(installment
payment etc.) from the customer,
SMFL proposes leasing or installment
sales with the manufacturer/
distributor based on the business
Environmental equipment

09

Circular Economy

cooperation agreement.

Manufacturer/
Distributor• Introducing potential
customer to SMFL
• Purchase order• Sales and purchase contract• Payment of equipment cost10

SM F L
TOPICS

01

SM F L

Aircraft financing /Helicopter leasing

TOPICS

02

Asset Life Cycle Management/

Structured f inance/ CSR initiatives

Establishing of an aircraft financing

Cooperation with Germany's

platform with CDPQ

CHG-MERIDIAN to expand international
coverage for Operating Lease

Providing opportunities to invest in aircraft
SMBC Aviation Capital (AC) has established an aircraft financing

Circular economy initiatives focused on asset life cycle
management

platform with global investment group CDPQ. The investment istargeted for a total of USD 1.5 billion over 3 years and will focus on

SMFL and SMFL Rental will work with CHG-MERIDIAN to expand

fuel-efficient, next-generation aircraft for which AC conducts asset

our operating lease business on a global scale for the IT equipment,

management under the banner Maple Aircraft Company Holdings

industrial equipment, and medical equipment. Our collaboration

Limited. By providing opportunities to invest in aircraft, the SMFL Groupleverages CHG-MERIDIAN's expertise in asset life cycle management

will provide asset building opportunities for a wide range of investors.

including asset valuation, data erasure, refurbishment andremarketing. At the same time, SMFL brings to the table our strong

Providing environmentally friendly newtechnology aircraft
Supporting net zero emissions for the aviation industry

financial base, creditworthiness, and established business presence inJapan and Asian region.

Structured finance for data centers in the
United Kingdom and Europe

SMBC Aviation Capital (AC) helps airlines reduce their carbon
footprint by providing fuel-efficient new technology aircraft.
Currently, 60 % of AC’s owned fleet is equipped with new fuel-Alliance with the SMBC Group to expand the European
business

efficient technology , and will increase to 80 % by the end of FY2025 .
Furthermore, through the introduction of SAF and other projects, AC

In cooperation with SMBC Leasing (UK) Limited, SMFL provides

aims to achieve net zero Scope 3 emissions by 2050 .

finance for data center development projects in the United Kingdom
and Europe. Data centers are the foundation on which the data

Ordering newly built helicopterssociety is built, and constitute essential infrastructure for theongoing digital transformation of the world. SMFL is engaging in theinvestments and loans business in the European market, primarily
for infrastructure in such areas as digital and environmental where

Contributing to provide solutions to regionaland community social issues and environmental
sustainability
SMFL LCI Helicopters has entered into large framework agreements
to purchase helicopters from Italy’s Leonardo and France’s Airbus
Helicopters, respectively. The order is made up of the latest
generation of medium and semi-large sized helicopters, which will
be used in many of the situations that are strongly linked to UN

growth is expected to continue going forward.

CSR initiatives in Indonesia and Malaysia
In addition to deepening links between regions, it will
help develop the people who will connect to the next
generation

Sustainable Development Goals, such as emergency transportation to
medical facilities or between hospitals, marine and mountain search

SMFL Leasing (Indonesia) has held seminars on the financial industry

and rescue, and transportation of personnel and materiel to offshoreas the joint sponsor along with Vocational High School Galileo in

windfarms.

Bogor Regency, West Java province, while SMFL Leasing (Malaysia),
along with three other companies of the Sumitomo Group, donatededucational IT equipment to two educational orphanages in the
Klang Valley region, showing that both are engaged in local CSR
activities.

1112

Corporate Information

Overseas Group Companies and Offices

Corporate Profile

Overseas Group Companies

Company Name

Sumitomo Mitsui Finance and Leasing Company, Limited

EstablishedFebruary 1963 (Leasing business activities commenced: May 1968 )Business Activities

Leasing and installment sales of a variety of equipment and machinery; Loans andfactoring; Other; Services relating to above-mentioned businesses

Representatives

Representative Director,
Chairman of the Board
President

Head Office Locations

SMBC Aviation Capital Limited
Aircraft leasing

Shoichiro Oka
Masaki Tachibana

Tokyo Head Office 1 - 3 - 2 , Marunouchi, Chiyoda-ku, Tokyo 100 - 8287 , Japan
TEL: 81 - 3 - 5219 - 6400
Osaka Head Office 3 - 10 - 19 , Minami-senba, Chuo-ku, Osaka 542 - 0081 , Japan
TEL: 81 - 6 - 6282 - 2828

Capital¥ 15 . 0 billion

Net Assets¥ 1 , 377 . 9 billion (consolidated); ¥ 541 . 5 billion (non-consolidated) (as of March 31 , 2024 )No. of Employees

3 , 941 (consolidated); 2 , 282 (non-consolidated) (as of March 31 , 2024 )Shareholders

Sumitomo Mitsui Financial Group, Inc. ( 50 %), Sumitomo Corporation ( 50 %)SMFL holds a 68 % share

World Trade Center Tower Eight, 16 th floor, Strawinskylaan
1639 , 1077 XX Amsterdam, the Netherlands
TEL: 31 - 20 - 705 - 4980

SMFL LCI Helicopters Limited
Helicopter leasing

DMG MORI Finance GmbH
Machine tool leasing

SMFL holds a 90 % share

Representative Director,

Representative Director,

Director,

Director (Outside)

Chairman of the Board

Deputy President

Senior Managing Executive Officer

Fumihiko Ito

Shoichiro Oka

Tetsuro Imaeda

Eiichi Sekiguchi

President

Representative Director,

Director,

Director (Outside)

Masaki Tachibana

Senior Managing Executive Officer

Senior Managing Executive Officer

Takao Kusaka

Masaru Shiomi

Eiji Ishida

Corporate Auditors
Standing Corporate Auditor (Outside)Standing Corporate Auditor

Corporate Auditor (Outside)

Keiichiro Kameyama

Toyofumi Sakai

Atsushi Tanaka

8 th Floor, North Dock Two, 93 /94 North Wall Quay, Dublin, D01
V 8 Y 6 , Ireland

Rita-Maiburg-Strasse 40 , 70794 Filderstadt, Germany
TEL: 49 711 34 24 4 0 - 0

LCI Investments Limited
Helicopter leasing

SMBC Leasing (UK) Limited
Provision of asset finance

SMFL holds a 35 % share

SMFL holds a 30 % share

100 Liverpool Street, London, EC 2 M 2 AT, United Kingdom

Standing Corporate Auditor

Standing Corporate Auditor

Corporate Auditor

Kazuhiko Tomita

Kazutaka Tsubota

Takanori Yagi

China

Indonesia

Guangzhou
Sumitomo Mitsui Finance and Leasing (China) Co., Ltd.
Unit 2302 , TaiKoo Hui Tower 1 , 385 Tianhe Road, Tianhe District,
Guangzhou, China
TEL: 86 - 20 - 8755 - 0021 FAX: 86 - 20 - 8755 - 0422
Shanghai
Shanghai Sumitomo Mitsui General Finance and Leasing Co., Ltd.
10 th Floor, Pingan Riverfront Financial Center, 757 Mengzi Road,
Huangpu District, Shanghai, China
TEL: 86 - 21 - 5396 - 5522 FAX: 86 - 21 - 5396 - 5552

Jakarta
PT. SMFL Leasing Indonesia
Menara BTPN, 31 st Floor
Jl. Dr. Ide Anak Agung Gde Agung, Kav. 5 . 5 - 5 . 6
Mega Kuningan, Jakarta Selatan 12950 , Indonesia
TEL: 62 - 21 - 8062 - 8710 FAX: 62 - 21 - 8062 - 8719

Thailand
Bangkok
SMFL Leasing (Thailand) Co., Ltd.
30 th Floor, Q.House Lumpini Building, 1 South Sathorn Road,
Tungmahamek, Sathorn, Bangkok 10120 , Thailand
TEL: 66 - 2 - 677 - 7400 FAX: 66 - 2 - 677 - 7413
Malaysia

Executive Officers (excluding members of the Board of Directors)

13

SMFL holds a 50 . 1 % share

Overseas Offices

Members of the Board of Directors

Deputy PresidentManaging Executive Officers

Executive Officers

Koichiro Yase

Osamu Oshida

Masashi Yoshida

Tetsuro Yoshino

Keishi Iwai

Naomi Uchida

Yoichi Namiki

Noriyuki Watanabe

Fumiko Kobayashi

Masaki Tsuji

Shinichiro Hikichi

Senior Managing
Executive Officers

Hiroo Sugai

Naoyuki Omura

Toshiyuki Seki

Noriyuki Hiruta

Kouki Yano

Hiroshi Sugimoto

Takahisa Shirai

Hiroshi Oto

Yasuo Sasai

Tomohiro Takimoto

Takashi Arima

Satoshi Matsumura

Tomoyuki Tanaka

Masaru Ariizumi

Nobuyuki Sato

Miki Sashimura

Shinichiro Watanabe

Yasuhiro Maei

Koichi Tanaka

Jun Uneoka

Tomohiko Shuto

Hozumi Sawaguchi

Akira Ueda

Toru Okamoto

Keiichi Kuroda

Hiroshi Otsuka

Takafumi Kitayama

Etsuji Honda

Hideyuki Yamazaki

Junji Asai

Manabu Kuroda

Kazuyuki Kibune

Hirotsugu Harada

SMFL holds a 100 % share

Fitzwilliam 28 , Fitzwilliam Street Lower, Dublin 2 , D02 KF 20 ,Ireland
TEL: 353 - 1 - 859 - 9000

13 - 14 Hobart Place, London, England, SW1W 0HH

Executive Team (as of June 25 , 2024 )SMBC Aero Engine Lease B.V.
Aircraft engine leasing

Kuala Lumpur
SMFL Leasing (Malaysia) Sdn. Bhd.
Suite 16 D, Level 16 , Vista Tower, The Intermark No. 348 , Jalan Tun
Razak, 50400 Kuala Lumpur, Malaysia
TEL: 60 - 3 - 2710 - 0170 FAX: 60 - 3 - 2710 - 0177
Singapore

U.S.A.
New York Branch
666 Third Avenue, New York, NY 10017 , U.S.A.
TEL: 1 - 917 - 542 - 3500
Costa Mesa Office19800 MacArthur Boulevard Suite 300
Irvine, CA 92612 , U.S.A.
TEL: 1 - 714 - 371 - 4020
U.K.
London Branch
100 Liverpool Street, London, EC 2 M 2 RH, U.K.
IrelandDublin Branch
Fitzwilliam 28 , Fitzwilliam Street Lower, Dublin 2 , D02 KF 20 ,Ireland

Sumitomo Mitsui Finance and Leasing Co., Ltd. Singapore Branch
152 Beach Road, # 05 - 06 / 08 Gateway East, Singapore 189721
TEL: 65 - 6224 - 2955 FAX: 65 - 6225 - 3570
Sumitomo Mitsui Finance and Leasing (Singapore) Pte. Ltd.
152 Beach Road, # 05 - 06 / 08 Gateway East, Singapore 189721
TEL: 65 - 6224 - 2955 FAX: 65 - 6225 - 3570
SMFL MIRAI Partners (Singapore) Pte. Ltd.
23 Church St, # 09 - 06 Capital Square Singapore 049481

142024 . 07