SUMITOMO MITSUI FINANCIAL GROUP, INC.

(8316)
  Report
Delayed Japan Exchange  -  02:00 2022-07-05 am EDT
4096.00 JPY   +0.91%
07/01SUMITOMO MITSUI FINANCIAL : Notice regarding Progress of Repurchase of Own Shares - Form 6-K
PU
07/01Tranche Update on Sumitomo Mitsui Financial Group, Inc.'s Equity Buyback Plan announced on November 12, 2021.
CI
07/01SUMITOMO MITSUI FINANCIAL : Notice regarding Progress of Repurchase of Own Shares
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan's SMFG to buy 10% stake in SBI worth over $580 million

06/23/2022 | 02:56am EDT
FILE PHOTO: Sumitomo Mitsui Banking Corporation's signboard is pictured at its branch in Tokyo

TOKYO (Reuters) - Japan's Sumitomo Mitsui Financial Group (SMFG) Inc said on Thursday it would take a 9.9% stake in online financial company SBI Holdings Inc in a deal worth over $580 million.

SBI will issue new shares worth 79.65 billion yen ($586.70 million) to Japan's second-largest lender by assets in a deal aimed at beefing up their brokerage businesses, SBI and SMFG said in separate statements.

($1 = 135.7600 yen)

(Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
PSI 20 INDEX -2.89% 5879.42 Real-time Quote.8.70%
SBI HOLDINGS, INC. 0.68% 2656 Delayed Quote.-15.85%
SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.91% 4096 Delayed Quote.2.94%
All news about SUMITOMO MITSUI FINANCIAL GROUP, INC.
07/01SUMITOMO MITSUI FINANCIAL : Notice regarding Progress of Repurchase of Own Shares - Form 6..
PU
07/01Tranche Update on Sumitomo Mitsui Financial Group, Inc.'s Equity Buyback Plan announced..
CI
07/01SUMITOMO MITSUI FINANCIAL : Notice regarding Progress of Repurchase of Own Shares
PU
06/30SUMITOMO MITSUI FINANCIAL : General Manager, Financial Accounting Dept - Form 6-K
PU
06/30SUMITOMO MITSUI FINANCIAL : Notice Regarding the Filing of Annual Report on Form 20-F with..
PU
06/29Sumitomo Mitsui Financial Group, Inc. Approves Dividend for 2022
CI
06/29Fukuoka REIT Sets Interest Rate for Planned $12 Million Loan
MT
06/28SUMITOMO MITSUI FINANCIAL : Consolidated Financial Statements(Full Year)(Excerpt from Secu..
PU
06/28Sumitomo Mitsui and Marathon Capital Form Strategic Partnership
MT
06/28Marathon Capital and Sumitomo Mitsui Banking Corporation Form Strategic Partnership
AQ
More news
Analyst Recommendations on SUMITOMO MITSUI FINANCIAL GROUP, INC.
More recommendations
Financials
Sales 2022 2 878 B 21 207 M 21 207 M
Net income 2022 689 B 5 079 M 5 079 M
Net Debt 2022 - - -
P/E ratio 2022 8,12x
Yield 2022 5,09%
Capitalization 5 615 B 41 378 M 41 378 M
Capi. / Sales 2022 1,95x
Capi. / Sales 2023 1,88x
Nbr of Employees 101 000
Free-Float 92,5%
Chart SUMITOMO MITSUI FINANCIAL GROUP, INC.
Duration : Period :
Sumitomo Mitsui Financial Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUMITOMO MITSUI FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 4 096,00 JPY
Average target price 4 856,67 JPY
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
Jun Ohta Executive President, CEO & Representative Director
Toru Nakashima Planning Manager
Takeshi Kunibe Chairman
Shoji Masuda Executive Officer
Tetsuro Imaeda Group Chief Compliance Officer