SMBC Group targets 15% ROTE under new medium-term plan

Reuters2026/08/26 11:20

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Sumitomo Mitsui Financial Group outlined a new medium-term plan targeting 15% return on tangible equity through business portfolio transformation.
Set a 13% return on tangible equity milestone for FY3/29, up from 11.4% in FY3/26.
Aims for JPY 2 trillion net income in FY3/29, supported by cost discipline and improved risk-adjusted returns.
Targets a CET1 ratio of about 10.5% with total expenses flat or lower, excluding specified environmental and one-off factors.
Retail plan targets 15 million Olive accounts by FY3/29, expected profit rising to JPY 110 billion from JPY 20 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sumitomo Mitsui Financial Group Inc. published the original content used to generate this news brief on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SMBC Group targets 15% ROTE under new medium-term plan

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