Sumitomo Mitsui Financial Group,Inc. [8316.T]
TOKYO, Apr 01 (Pulse News Wire) – Sumitomo Mitsui Financial Group,inc. (8316.T) unveiled its new vision aimed at becoming a top global player.
The group seeks to connect the world through trusted partnerships, leveraging advanced technology and exceptional operational excellence while contributing to societal value creation. In support of this vision, SMFG plans a three-year mid-term strategy focusing on bold transformation and capital efficiency improvements.
Key areas include digital platform acceleration, enhanced asset management, and increased IT investment totaling up to ¥1 trillion over three years. The goal is to achieve a return on tangible equity (ROTE) of around 15%, aligning with leading Western banks.
Additionally, the company emphasizes strategic growth sectors such as digital platforms, wealth management, and transaction banking, aiming to optimize its portfolio for balanced profitability, growth, and stability.
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