Sumitomo Mitsui Financial Group, Inc.
Regarding the Formulation of a New Vision
Sumitomo Mitsui Financial Group, Inc. has declared "A Trusted Partner from Japan Connecting the World" as its new vision and formulated a three-year medium-term management plan starting from fiscal 2026. It aims for an ROTE of approximately 15%, focusing on IT transformation and business portfolio transformation.
Key Figures
- ROTE Target: Approximately 15% (medium- to long-term profitability target)
- IT Investment: Around 1 trillion yen over 3 years (largest-ever IT investment)
- Medium-Term Management Plan Period: Three years from fiscal 2026 to 2028
AI要約
Formulation of a New Vision
Sumitomo Mitsui Financial Group, Inc. has set "A Trusted Partner from Japan Connecting the World" as its new vision. This expresses the determination to support cross-border corporate activities and capital flows, contribute to the growth of the Japanese market, and expand its business globally. The Group aims to provide new value beyond traditional financial services based on trust.
Outline of the Medium-Term Management Plan for Fiscal 2026 to 2028
The new medium-term management plan is based on the fundamental policy of "Striving for higher goals through bold transformation," targeting an ROTE of approximately 15% as a medium- to long-term profitability goal. It prioritizes IT transformation and plans IT investments on a scale of about 1 trillion yen over three years. Business strategy designates three growth areas: Japan’s growth, capital markets growth, and Asia’s growth, promoting initiatives such as strengthening digital platforms, asset replacement, and expanding asset management. The plan also aims to strengthen the management foundation and enhance the creation of social value.
