Sumitomo Mitsui Financial Group, Inc.
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| | Tokyo, February 3, 2025 — Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President and Group CEO: Toru Nakashima) hereby announces the progress of the repurchase of its own shares under Article 8 of its Articles of Incorporation pursuant to Paragraph 1 of Article 459 of the Companies Act, as follows. The repurchase of its own shares pursuant to the resolution of the meeting of the board of directors held on November 14, 2024 has completed as a result of the following repurchase. |
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| | SMFG also announces that the number of shares to be cancelled pursuant to Article 178 of the Companies Act has been finalized, as detailed below. |
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1. | | Progress of Repurchase of Own Shares |
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| | (1) | | Type of shares repurchased: | | Common stock |
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| | (2) | | Aggregate number of shares repurchased: | | 13,911,400 shares |
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| | (3) | | Aggregate amount repurchased: | | JPY 52,963,619,300 |
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| | (4) | | Repurchase period: | | From January 1, 2025 to January 31, 2025 (on a contract basis) |
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| | (5) | | Repurchase method: | | Market purchases based on a discretionary dealing contract regarding repurchase of its own shares |
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2. | | Cancellation of Own Shares |
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| | (1) | | Type of shares to be cancelled: | | Common stock |
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| | (2) | | Number of shares to be cancelled: | | 40,086,100 shares (Equivalent to 1.0 % of the number of shares issued before cancellation) |
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| | (3) | | Scheduled cancellation date: | | February 20, 2025 |
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(Reference) |
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1. | | Outline of the resolution of the meeting of the board of directors regarding the repurchase (November 14, 2024) |
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| | (1) | | Type of shares to be repurchased: | | Common stock |
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| | (2) | | Aggregate number of shares to be repurchased: | | Up to 60,000,000 shares (Equivalent to 1.5% of the number of shares issued (excluding treasury stock)) |
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| | (3) | | Aggregate amount to be repurchased: | | Up to JPY 150,000,000,000 |
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| | (4) | | Repurchase period: | | From November 15, 2024 to January 31, 2025 |
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| | (5) | | Repurchase method: | | Market purchases based on a discretionary dealing contract regarding repurchase of its own shares |
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2. | | Aggregate number of shares and amount repurchased pursuant to the above resolution |
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| | Aggregate number of shares repurchased: | | 40,086,100 shares |
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| | Aggregate amount repurchased: | | JPY 149,999,888,500 |
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3. | | Outline of the resolution of the meeting of the board of directors regarding the cancellation (November 14, 2024) |
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| | (1) | | Type of shares to be cancelled: | | Common stock |
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| | (2) | | Number of shares to be cancelled: | | All of the shares repurchased as stated in 1 above |
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| | (3) | | Scheduled cancellation date: | | February 20, 2025 |
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4. | | Treasury stock held by SMFG as of December 31, 2024 |
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| | Number of shares issued (excluding treasury stock) | | 3,888,127,692 shares |
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| | Number of treasury stock | | 36,403,866 shares |