In September 2006 , SMBC Friend Securities became a wholly owned subsidiary of SMFG .
The following month , SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses .
In September 2006 , SMBC Friend Securities became a wholly owned subsidiary of SMFG and the following month , SMFG reached an agreement to pursue strategic joint business with the Sumitomo Corporation group in the leasing and auto leasing businesses .