Japan’s Sumitomo Mitsui mulling stock split

It has not yet decided whether to push through or not, however.

Japan’s Sumitomo Mitsui Financial Group confirmed that it is considering a stock split, the bank said in a statement.

This comes following media reports by The Nikkei. 

In a statement posted on its website, SMFG clarified that it has not yet decided on a stock split, but has considered it, as of 13 May 2024.

“If any facts pertaining to this matter are decided, a disclosure will be made in a timely and appropriate manner,” the group said.