SMFG · Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc. has authorized a flexible share repurchase program to return capital to shareholders and optimize its capital structure. The board approved buying back up to 40 million common shares, representing 1.0% of issued shares excluding treasury stock, for a maximum of JPY 180 billion. This equates to a substantial commitment, given the reference data showing 3,817,440,285 issued shares (ex-treasury) and 10,057,855 treasury shares as of April 30, 2026. The repurchase will occur via market purchases under a discretionary dealing contract from May 14 to July 31, 2026, allowing management to execute opportunistically based on market conditions. All repurchased shares will be cancelled on August 20, 2026, reducing the total share count and potentially boosting earnings per share. This move signals confidence in the company's financial position and is explicitly aimed at enhancing shareholder returns while improving capital efficiency under Japanese Companies Act provisions.