Source disclosure: February 20, 2026
SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.) [8053.T]
TOKYO, Feb 20 (Pulse News Wire) – Sumitomo Corporation (sumitomo Shoji Kaisha,ltd.) (8053.T) announced today that it has acquired its own shares amounting to 775,790,000 ordinary shares at a total cost of ¥79,000,000,000. The acquisition was conducted based on resolutions made during a board meeting held on May 1, 2025, and will conclude by March 31, 2026.
Additionally, the company resolved to cancel a portion of its own shares. It plans to cancel 2,194,711,892 ordinary shares, excluding those intended for stock compensation purposes.
The cancellation is scheduled for April 10, 2026, representing approximately 1% of the outstanding shares prior to cancellation. These actions were approved by the board of directors, and reflect ongoing strategic decisions aimed at optimizing capital structure and enhancing shareholder value.
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