Sumitomo completes share buyback, plans further yen purchases

Sumitomo Corporation announced the results of its tender offer for own shares, which ran from August 1 to September 1, 2025. The company purchased 7,120,575 shares of common stock at JPY 3,380 per share. This tender offer was part of a larger share repurchase plan, approved by the board of directors on May 1, 2025, which initially aimed for up to 35 million shares or JPY 80 billion.

Following the tender offer settlement on September 25, 2025, Sumitomo intends to repurchase additional shares equivalent to approximately JPY 55.9 billion. These further repurchases will occur on the Tokyo Stock Exchange via market purchases between September 26, 2025, and March 31, 2026. This subsequent phase will utilize the remaining allocation from the original JPY 80 billion maximum aggregate repurchase amount.