News Releases


Change in the Shareholding Ratio of Sumitomo nbaブックメーカー, Limited(1/1)


September 30, 2008

To whom it may concern:

Sumitomo Mitsui Financial Group, Inc.

Sumitomo Corporation

Sumitomo nbaブックメーカー, Limited

 

Change in the Shareholding Ratio

of Sumitomo nbaブックメーカー, Limited

 

       Sumitomo Mitsui Financial Group, Inc. (hereinafter referred to as “nbaブックメーカー”;

         Mr.Teisuke Kitayama, President);

       Sumitomo Corporation (hereinafter referred to as “SC”; Mr. Susumu Kato, President and CEO); and

      Sumitomo nbaブックメーカー, Limited (hereinafter referred to as “SMFL”; Mr. Koji Ishida, President)

 

announced that nbaブックメーカー and SC changed their shareholding ratio of SMFL, effective today, as follows:

 

1.   Details of the change in shareholding ratio

Company Name

Before the change

After the change

nbaブックメーカー

55

60

SC

45

40

 

2.   Reasons of the change in shareholding ratio

nbaブックメーカー and SC changed their shareholding ratio of SMFL by means of (i) nbaブックメーカー’s purchase of SMFL’s stock owned by SC and (ii) a share buy-back transaction by SMFL, aimingtoenhanceSMFL’s strategic position within nbaブックメーカー group and optimize SMFL’s capital efficiency.

 

As described in the press release dated July 30, 2007, entitled “Final Agreement concerning Strategic Joint Business in Leasing and Auto Leasing Businesses and Merger Agreement of the Two Businesses,” both SC group and SMFG group have positioned their leasing business (through SMFL) and their auto leasing business (through Sumitomo Mitsui Auto Service Company, nbaブックメーカー) as strategic joint businesses, and continue to cooperate fully as parent companies to render assistance to the fullest extent for the development of both businesses.

 

End of Document





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