SMFG Completes Major Share Buyback and Cancellation
Company Announcements

SMFG Completes Major Share Buyback and Cancellation

Sumitomo Mitsui (SMFG) has released an update.

Sumitomo Mitsui Financial Group, Inc. (SMFG) has completed a significant repurchase of its own shares, totaling 4,112,500 shares for JPY 44,881,307,500, and has announced the cancellation of 9,561,800 shares scheduled for August 20, 2024. This cancellation represents 0.7% of the pre-cancellation issued shares, aligning with the company’s strategic financial management plans. The repurchase and cancellation are part of SMFG’s capital policy to enhance shareholder value and optimize capital efficiency.

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