News Release

[Sumitomo Mitsui Financial Group, Inc.]Dissolution of Sumitomo Finance International plc(1/1)

Sumitomo Mitsui Financial Group, Inc.



Dissolution of Sumitomo Finance International plc



Tokyo , October 31, 2006 – Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces that Sumitomo Mitsui Banking Corporation (SMBC), a consolidated subsidiary of SMFG, has decided to dissolve its wholly owned subsidiary Sumitomo Finance International plc, one of the overseas subsidiaries of SMBC.


1. Outline of the Subsidiary

Corporate Name

Sumitomo Finance International plc


Temple Court , 11 Queen Victoria Street, London EC4N 4UQ , UK


Shogo Sekimoto, Director


2. Reason for Dissolution

  To improve efficiency of overseas business


3. Profile of the Subsidiary




May, 1991

Paid-in Capital

STG 200,000 thousand

Shareholdersf Equity

(as of December 31, 2005)

STG 109,094 thousand

Total Assets

(as of December 31, 2005)

STG 109,833 thousand

Fiscal Year End


Number of employees

(as of December 31, 2005)



100% owned by SMBC

Recent Financial Performance

(Fiscal Year ended December 2005)

Ordinary Loss : STG 6,415 thousand

Net Loss : STG 6,415 thousand


4.  Scheduled Date of Dissolution

September, 2007 (Planned)


5.  SMFGfs Earnings Forecasts

There is no revision to SMFGfs earnings forecasts for the year ending March 31, 2007, due to this dissolution.


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