BuybackMay 13, 2026, 06:13 AM
Sumitomo Mitsui FG to Buy Back Up to JPY 180B Shares
AI Summary
Sumitomo Mitsui Financial Group's board has resolved to repurchase up to 40 million common shares, representing 1.0% of its issued shares, for a maximum of JPY 180 billion. The buyback aims to enhance shareholder returns and improve capital efficiency. All repurchased shares will be cancelled by August 20, 2026, following the repurchase period from May 14 to July 31, 2026.
Key Highlights
- Board approved repurchase of up to 40,000,000 common shares.
- Aggregate repurchase amount up to JPY 180,000,000,000.
- Repurchase period: May 14, 2026 to July 31, 2026.
- Shares to be repurchased represent 1.0% of issued shares (excluding treasury stock).
- All repurchased shares will be cancelled.
- Scheduled cancellation date: August 20, 2026.