Sumitomo Mitsui Financial Group, Inc. - Announcement of New Group Vision

Sumitomo Mitsui Financial Group, Inc. (SMBC Group) has announced a new Vision for the medium to long term, titled "Globally connected. Rooted in Japan. Your most trusted partner." This Vision emphasizes customer-centricity, technological advancement, execution excellence, and social value creation. Building on past successes, SMBC Group aims to leverage its strengths to contribute to Japan's growth and expand its global presence. The company is launching a new three-year Medium-Term Management Plan (FY2026-2028) to realize this Vision, focusing on bold transformation, accelerating growth momentum, and improving capital efficiency. Key strategies include expanding digital platforms in Japan, boosting overseas business profitability, and focusing on low capital-intensive businesses like asset management. A significant priority is IT Transformation, with a record JPY 1 trillion investment over three years to modernize IT infrastructure, accelerate cloud migration, enhance development capabilities, and expand AI adoption. SMBC Group also reaffirms its commitment to social value creation through its core business activities.