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Sumitomo Mitsui Financial Group ( (JP:8316) ) has issued an update.
Sumitomo Mitsui Financial Group has completed the repurchase of 10,034,900 of its own shares, valued at approximately JPY 36.58 billion, as part of a strategic initiative to enhance shareholder value. The company plans to cancel 27,551,100 shares, which represents 0.7% of its issued shares, by August 20, 2025, reflecting its commitment to optimizing capital structure and potentially increasing earnings per share.
The most recent analyst rating on (JP:8316) stock is a Buy with a Yen11700.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Financial Group stock, see the JP:8316 Stock Forecast page.
More about Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group, Inc. operates in the financial services industry, providing a wide range of financial products and services including banking, leasing, securities, and consumer finance. The company is a major player in the Japanese market and is focused on maintaining a strong financial position through strategic initiatives such as share repurchases and cancellations.
Average Trading Volume: 12,845,553
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen14960.9B
For an in-depth examination of 8316 stock, go to TipRanks’ Overview page.