• SHARE

In an effort to boost its capital, Sumitomo Mitsui Financial Group Inc. will issue an additional 250 billion yen in shares by the end of March, it was learned Sunday.

The move is being attributed to the group’s expected increase in bad-loan disposals and a decline in the value of its shareholdings.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW