Sumitomo Mitsui Financial Group Completes Equity Buyback Plan, Repurchasing 27.6 Million Shares for ¥100 Billion

Sumitomo Mitsui Financial Group has completed its equity buyback plan, repurchasing 27,551,100 shares, or 0.71% of its stock, for ¥99.99bn. The company repurchased an additional 10,034,900 shares, or 0.26%, for ¥36.58bn from July 1 to July 31, 2025.

Sumitomo Mitsui Financial Group, Inc. (SMFG) has successfully completed its equity buyback plan, repurchasing a significant number of shares. The company announced the completion of the buyback, which involved the repurchase of 27,551,100 shares, equivalent to 0.71% of its stock, for ¥99.99bn. Additionally, from July 1 to July 31, 2025, SMFG repurchased an additional 10,034,900 shares, representing 0.26% of its stock, for ¥36.58bn [1].

The repurchase of shares was executed under the provisions of the company's Articles of Incorporation and the Companies Act. The buyback plan was approved by the board of directors on May 14, 2025, with the repurchase period running from May 15 to July 31, 2025. The repurchased shares were canceled on August 20, 2025, following the company's resolution to cancel all repurchased shares [2].

The total number of shares repurchased and the aggregate amount spent on the buyback align closely with the initial resolution approved by the board of directors. The repurchase was conducted through market purchases based on a discretionary dealing contract, indicating a strategic approach to shareholder value enhancement.

SMFG's equity buyback plan demonstrates a commitment to shareholder returns and reflects a strategic move to improve the company's capital structure. The completion of the buyback plan is a significant milestone for SMFG, signaling its focus on shareholder value and financial health.

References:
[1] https://www.marketscreener.com/news/sumitomo-mitsui-financial-notice-regarding-progress-and-completion-of-repurchase-of-own-shares-an-ce7c5fd2df8aff2c
[2] https://www.marketscreener.com/news/tranche-update-on-sumitomo-mitsui-financial-group-inc-s-equity-buyback-plan-announced-on-may-14-2-ce7c5fd3db81f626