Sumitomo Mitsui Financial Group shares surge 5.34% after-hours on 1.3% share buyback plan.

Sumitomo Mitsui Financial Group surged 5.34% in after-hours trading following the announcement of a share buyback plan and upward revisions to earnings guidance. The company approved repurchasing up to 1.3% of its shares (worth 150 billion yen) and will cancel all repurchased shares, signaling confidence in its valuation and potentially boosting earnings per share. Concurrently, it revised consolidated earnings guidance for the fiscal year ending March 31, 2026, raising profit attributable to owners of the parent to JPY 390.39 per share, reflecting strong performance and a positive outlook. These moves, coupled with a 175.5% year-over-year increase in comprehensive income, underscore management’s optimism and shareholder-friendly strategies, directly aligning with the stock’s post-market rally.