Sumitomo Mitsui Financial Group, Inc. (TSE:8316) announces a share repurchase program. Under the program, the company will repurchase up to 61,000,000 shares, representing 4.45% of its issued shares (excluding treasury stock) for ¥200,000 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency.

The repurchase program will continue until May 31, 2023. As of October 31, 2022, the company had 1,371,223,629 shares in issue (excluding treasury stocks) and 3,467,565 shares in treasury.