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Sumitomo Mitsui Holdings ( (JP:8309) ) has shared an announcement.
Sumitomo Mitsui Trust Group has announced a decision to repurchase and subsequently cancel up to 13 million of its own shares, equivalent to 1.8% of its total shares in issue, excluding treasury stock. This move, aimed at improving capital efficiency, reflects the company’s strategy to balance capital use for profit growth with shareholder returns, as outlined in its shareholder return policy.
The most recent analyst rating on (JP:8309) stock is a Hold with a Yen3780.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Holdings stock, see the JP:8309 Stock Forecast page.
More about Sumitomo Mitsui Holdings
Sumitomo Mitsui Trust Group, Inc. operates in the financial services industry, primarily offering trust banking services. The company focuses on providing a wide range of financial products and services, including asset management, real estate, and stock transfer agency services, with a strong emphasis on capital efficiency and shareholder returns.
Average Trading Volume: 2,761,235
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen2530.3B
For detailed information about 8309 stock, go to TipRanks’ Stock Analysis page.