SMFG launches shareholder benefit program ahead of 2-for-1 stock split

They will be granted up to JPY30,000 worth of rewards points, amongst other perks.

Sumitomo Mitsui Financial Group (SMFG) is introducing a shareholder benefit program, with 30 September 2026 as the planned initial record date.

Shareholders must have an “Olive” account, meet certain criteria in the number of shares they hold, and meet a continuous holding period. Benefits include VPOINTs or SMFG’s reward point program, additional interest rates, and invitations to events sponsored by the SMBC Group.

Shareholders that have 100 shares or more and have held the shares for a year or more as of the last day of February of the following year will get $31.69 (JPY5,000 worth) of V POINTs.

Shareholders with 1,000 shares or more, and have held these shares for at least 5 years, will receive $190 (JPY30,000) worth of V POINTs.

Shareholders with 100 shares or more may also enjoy an additional interest rate of 1% per annum on a 3-month yen time deposit. The deposit limit is JPY10m (over $63,000).

They will also be included in lotteries to various events sponsored by the SMBC group.

Once SMFG’s planned 2-for-1 split of common stock takes effect on 1 October 2026 (with record date of 30 September), the eligibility for these benefits will double to 200 shares or more, or 2,000 shares or more, as applicable.

Olive is a financial services account launched by SMFG in 2023. It offers banking, card payments, finance, securities, and insurance services in a single platform.

(US$1 = JPY157.79)