Sumitomo Mitsui Advances Share Buyback Program

Sumitomo Mitsui (SMFG) has released an update.

Sumitomo Mitsui Financial Group has been actively repurchasing its own shares, buying back 4,140,300 shares for a total cost of JPY 41,937,294,000 between June 1 and June 30, 2024. This move is part of a larger share buyback program authorized by the company’s Board of Directors, with a maximum threshold set at 15 million shares or JPY 100 billion, to be completed by the end of July 2024. The repurchases are being executed via market purchases according to a discretionary dealing contract.

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