Sumitomo reports no progress in share buyback program

Sumitomo Corporation reported that there has been no progress in its share repurchase program as of August 29, 2025. The company stated that zero shares of common stock were repurchased, and the aggregate repurchase amount was JPY 0 during the period from August 1, 2025, to August 29, 2025.

This update follows the resolution made at the board of directors meeting on May 1, 2025, to repurchase shares of its common stock. The cumulative figures based on this resolution also reflect no repurchases, with 0 shares bought back and an aggregate amount of JPY 0.

The original resolution outlined plans to repurchase up to 35 million shares of common stock, representing approximately 2.9% of outstanding shares (excluding treasury stock), with an aggregate repurchase amount of up to JPY 80 billion. The repurchase period for this program is from May 2, 2025, to March 31, 2026.