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Sumitomo Mitsui Trust Group Addresses Insider Trading Incident With New Preventive Measures
Sumitomo Corporation is expanding its increase, planning to set and cancel a stock repurchase program for 35 million shares.
Sumitomo Corporation <8053.T> has expanded its gains, temporarily rising by 116 yen to 3,614 yen. At 1 PM on the 1st, the company announced the establishment and cancellation of a share buyback program, which was seen as significant news. The buyback program has a cap of 35 million shares (2.9% of the total issued shares excluding treasury stock) and 80 billion yen. The acquisition period is from May 2 to March 31, 2026. The decision was made to improve capital efficiency and enhance shareholder returns. Additionally, among the shares acquired, 1 million shares are expected to be allocated for stock compensation.
Sumitomo Announces Share Repurchase and Cancellation Plan
Sumitomo Corporation Reports Significant Financial Growth in FY2025
Sumitomo Corp.: To repurchase up to 2.9% of outstanding shares.
Sumitomo Corp.: To Repurchase Up to 2.9% of Outstanding.
Sumitomo Corp.: To Buy Back Up to Y80.0B of Own Shares From May 2 2025 to March 31 2026
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