5 Best Japanese Stocks To Buy Right Now

In this article, we discuss the 5 best Japanese stocks to buy right now. If you want our detailed analysis of these stocks, go directly to the 10 Best Japanese Stocks to Buy Right Now. 

5. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Number of Hedge Fund Holders: 11

Market Capitalization as of December 1: $44.91 billion

Incorporated in 2002, and headquartered in Tokyo, Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG), via its subsidiaries, offers commercial banking, leasing, securities, consumer finance, and other related financial services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. Cowen Group’s Ramius is the leading stakeholder of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) from the 11 hedge funds that were bullish on the company as of Q3 2021, holding 10.36 million shares worth $72.6 million. 

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) is the second largest Japanese bank by total assets, and as the economy recovered from the COVID-19 headwinds and credit costs subsided, Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) reported a 69% jump in profits to $4 billion in the April-September period. Revenue in the period equaled $6.49 billion, outperforming estimates by $378.83 million. 

To strengthen its existing business further, and serve clients in a more efficient manner, Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) entered into a strategic alliance with Jefferies Financial Group Inc. (NYSE:JEF) in July, to collaborate on future corporate and investment banking business opportunities. This will allow both organizations to experience growth and explore a broader clientele.