History

1918 July Kawashimaya Shoten founded
1920 April Reorganized as Kawashimaya Shoten Co., Ltd.
June The former Nikko Securities Co., Ltd. established
1943 September The former Kawashimaya Securities and Kawashimaya Shoten Co., Ltd. merged with and name changed to Kawashimaya Securities
1944 April The Nikko Securities Co., Ltd. established
1948 November Registered as a securities business under the Securities Exchange Law
1949 April Became official member of Tokyo Stock Exchange, Osaka Securities Exchange and Nagoya Stock Exchange
1951 June Completed registration as a securities management company under the Securities Investment Trust Law
1961 October The Company listed its shares on the second sections of the Tokyo Stock Exchange, Osaka Securities Exchange and Nagoya Stock Exchange
1970 February The Company listed its shares on the first sections of the Tokyo Stock Exchange, Osaka Securities Exchange, and Nagoya Stock Exchange (delisted in January 2008 when the Company became a wholly-owned subsidiary of Citigroup)
1999 March Nikko Salomon Smith Barney Limited (later to become Nikko Citigroup Limited), an investment banking joint venture with Citigroup, started operations
2001 March Nikko Securities De-merger Preparatory Company established
October Nikko Securities De-merger Preparatory Company took over the entire securities business and other operations from The Nikko Securities Co., Ltd. changed its name to Nikko Cordial Securities Inc.
The Nikko Securities Co., Ltd. was renamed Nikko Cordial Corporation as a holding company.
2007 May Became Citigroup's subsidiary through the public offering of shares of Nikko Cordial Corporation (later becoming a wholly-owned subsidiary through a triangular share exchange)
September Registered as first-class financial instrument dealer, second-class financial instrument dealer, and investment advisor/agent under the newly enforced Financial Instruments & Exchange Law.
2008 January Registered as an investment manager under the Financial Instruments & Exchange Law
2009 June Nikko Cordial Securities De-merger Preparatory Company Ltd. Established
October Nikko Cordial Securities De-merger Preparatory Company Ltd. took over all of the operations of the former Nikko Cordial Securities Inc. and certain businesses of Nikko Citigroup Limited and was renamed Nikko Cordial Securities Inc.
Became a member of Sumitomo Mitsui Financial Group upon the transfer of shares to Sumitomo Mitsui Banking Corporation
2011 April Nikko Cordial Securities Inc. changed its name to SMBC Nikko Securities Inc.
2016 October Became a wholly owned direct subsidiary of Sumitomo Mitsui Financial Group, Inc.
2018 January Merged wiht SMBC Friend Securities Co. Ltd

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