Sumitomo Mitsui Trust Group announces share buyback, cancellation

Sumitomo Mitsui Trust Group (SuMiTG) announced its board resolved to repurchase up to 11,000,000 of its common shares, approximately 1.6% of outstanding shares (excluding treasury stock). The maximum aggregate repurchase amount is set at 30,000,000,000 yen. This buyback will occur from November 13, 2025, to February 27, 2026, through market purchases on the Tokyo Stock Exchange.

The company stated the repurchase is intended to improve capital efficiency, considering sufficient capital, the use of capital for medium-to-long term profit growth, and the current stock price level.

Following the repurchase, all acquired shares will be cancelled. The scheduled cancellation date is March 18, 2026. This move aligns with SuMiTG's shareholder return policy, which includes flexible share repurchases alongside a progressive dividend policy.