BackSummary
SMFG announces acquisition of up to 1,094,000 shares for employee share-based compensation plan, with maximum cost of JPY 6,564 million.
Key takeaways
- SMFG to acquire up to 1,094,000 common shares from the stock market between May 21-29, 2026.
- Maximum acquisition cost is JPY 6,564 million, funded by additional cash entrustment on May 21, 2026.
- The ESOP Trust was established on May 23, 2024, and is planned to end in May 2029.
- Shares acquired will be used for employee compensation, aligning employee interests with shareholders.