tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sumitomo Mitsui Completes Share Repurchase and Plans Share Cancellation

Story Highlights
Sumitomo Mitsui Completes Share Repurchase and Plans Share Cancellation

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1