Sumitomo Mitsui Trust Group Completes Share Repurchase and Announces Share Cancellation

TOKYO, Jun 23 (Pulse News Wire) – Sumitomo Mitsui Trust Group,inc. (8309.NG) completed its share repurchase program based on a resolution made during its board meeting held on May 14, 2026.

The company repurchased a total of 5,155,500 shares during the period from June 1, 2026, to June 22, 2026, at a total cost of ¥30.41 billion. The initial resolution allowed for the purchase of up to 14 million shares shares, representing 2.0% percent of outstanding shares excluding treasury stock, with a budget limit of ¥50.00 billion. The repurchase was conducted through market purchases on the Tokyo Stock Exchange according to a discretionary trading agreement. Additionally, the company plans to cancel all acquired shares pursuant to a decision made during the same board meeting.

The cancellation will take place on October 20, 2026, following the completion of a four-for-one stock split effective August 1, 2026. As of June 22, 2026, the cumulative number of shares repurchased stood at 8,649,200 with a total acquisition value of ¥50.00 billion. As of May 31, 2026, the company had a total of 695,485,830 ordinary shares outstanding, excluding treasury stock, and held 3,327,150 treasury shares. The shares to be canceled amount to 34,596,800 post-split shares, reflecting the aforementioned stock split ratio.