News Release


[Sumitomo Mitsui Financial Group, Inc.]Sumitomo Mitsui Financial Group Announces Dissolution of SMFG Corporate Recovery Servicer Co., Limited(1/1)

Sumitomo Mitsui Financial Group, Inc.

 

 

Sumitomo Mitsui Financial Group Announces

Dissolution of SMFG Corporate Recovery Servicer Co., Limited

 

Tokyo , June 28, 2007 --- Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces the dissolution of its consolidated subsidiary SMFG Corporate Recovery Servicer Co., Limited.

 

1. Name of the Subsidiary

 

Company Name

SMFG Corporate Recovery Servicer Co., Limited

Location

Toranomon 1-26-5 Minato-ku, Tokyo , JAPAN

Representative

Yukio Noda

 

2. Reason for Dissolution

SMFG decided to dissolve the company because it has achieved its original purpose.

 

3. Profile of the Subsidiary

Business

Corporate recovery service

Date of Establishment

November 5, 2003

Paid-in Capital

JPY 500 million

Shareholdersf Equity

JPY 974 million ias of the end of March 2007j

Total Assets

JPY 1,020 millionias of the end of March 2007j

Fiscal Year End

March 31

Number of Employees

8ias of the end of March 2007j

Shareholders

SMFG  52%

Goldman Sachs Realty Japan Ltd.  16%

Daiwa Securities SMBC Principal Investments Co. Ltd.  16%

DBJ Corporate Investment Fund  16%

Recent Financial Performance

(Fiscal Year ended March 2007j

Ordinary Profit: JPY 280 million

Net Income: JPY 111 million

 

4. Date of Dissolution

July, 2007iPlannedj

 

5. SMFGfs Earnings Forecasts

The dissolution has no impact on SMFGfs earnings forecasts for the year ending March 31, 2008.

 

 




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