Sumitomo Mitsui Financial Group (TYO:8316) has resolved to repurchase up to 60 million common shares, or 1.5% of its outstanding shares, for up to 150 billion yen, according to a Thursday filing on the Tokyo Stock Exchange.
The buyback, set to run from Nov. 15 to Jan 31, 2025, will be conducted through market purchases under a discretionary dealing contract. The repurchased shares will be canceled by Feb. 20, 2025.
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