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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