SMFG Hits 100% of Its ¥180bn Buyback Ceiling, Leaving 30% of Share Quota Unused
Sumitomo Mitsui Financial Group used up all of the ¥180bn cash budget its board approved for share buybacks by July 31, but bought back only 70% of the accompanying 40mn-share allowance, according to a report filed with Japan's Kanto Local Finance Bureau and disclosed via the EDINET system.