Sumitomo Mitsui Financial ブックメーカーおすすめ, Inc.

 

Announcement of Possible Irrecoverability or Delayed Collection of Claims

 

 

TOKYO, June 1, 2009: Sumitomo Mitsui Financial ブックメーカーおすすめ, Inc. (SMFG) announced today that claims on JOINT CORPRATION ブックメーカーおすすめ., LTD. and JOINT RESIDENTIAL FUDOSAN ブックメーカーおすすめ., LTD. held by its subsidiaries Sumitomo Mitsui Banking Corporation (SMBC), Kansai Urban Banking Corporation (KUBC) and Sumitomo Mitsui Finance and Lease ブックメーカーおすすめ., Limited (SMFL) may become irrecoverable or their collection may be delayed due to the event described below.

 

1. Outline of the companies

·     JOINT CORPRATION ブックメーカーおすすめ., LTD.

(1) Address:                2-10-11, Meguro, Meguro-ku, TOKYO

(2) Representative:        Mr.Yoshinobu Shouji, President

(3) Capital stock:           JPY 20,834 million

(4) Line of Business:   Real estate

 

 

·     JOINT RESIDENTIAL FUDOSAN ブックメーカーおすすめ., LTD.

(1) Address:                 2-10-11, Meguro, Meguro-ku, TOKYO

(2) Representative:        Mr.Katsufumi Kawashima, President

(3) Capital stock:           JPY 3,000 million

(4) Line of Business:   Real estate

 

2. Event

 The companies filed the petition for commencement of Corporate Reorganization proceedings with the Tokyo District CourtonMay 29, 2009.

 

3. Amount of claims on the companies

(1) JOINT CORPRATION ブックメーカーおすすめ., LTD.               

SMBC     Loans             JPY 19.8 billion

KUBC     Loans, etc.          JPY 9.1 billion

 

(2) JOINT RESIDENTIAL FUDOSAN ブックメーカーおすすめ., LTD.     

SMBC     Loans             JPY 1.8 billion

SMFL     Lease assets        JPY 0.004 billion

 

4. Forecast of SMFG’s financial results

Most of the claims shown above are collateralized.

Earnings forecast for the fiscal year ending March 31, 2010 remainsunchanged.