Japanese banks less reluctant to finance hostile takeovers, lobby chief says [Reuters]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Reuters
The comments from Akihiro Fukutome, the head of the Japanese Bankers Association, offer evidence of a sea change in Japan that has helped bring it closer to Western-style dealmaking. "Banks were previously worried about reputational risks" in helping unsolicited bids, Fukutome said in an interview. "But I believe new takeover guidelines from the industry ministry last year have helped lower psychological hurdles." Hostile bids, once shunned because they were seen as disruptive to Japan Inc's collaborative ethos, are still relatively rare, but the frequency is increasing. The Ministry of Economy Trade and Industry (METI) last year released new M&A guidelines aimed at cracking down on excessive defence tactics, removing a long-held stigma around unsolicited bids and spurring corporate takeovers. The non-binding guidelines have already prompted companies such as electric motors manufacturer Nidec (6594.T) , opens new tab and life insurer Dai-ichi Life Holdings (8750.T) , opens n
Show less
Read more
Impact Snapshot
Event Time:
SMFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMFG alerts
High impacting Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) news events
Weekly update
A roundup of the hottest topics
SMFG
News
- Analysis-Japan faces a tough tug-of-war with yen bears [Yahoo! Finance]Yahoo! Finance
- Japan faces a tough tug-of-war with yen bears [Reuters]Reuters
- JGB yields rise as liquidity-enhancing auction suggests weak demand [Yahoo! Finance]Yahoo! Finance
- Weak yen boosts tourist wallets in Japan [Yahoo! Finance]Yahoo! Finance
- After Overnight Collapse To 34-Year-Lows, Yen Surges In Apparent 'Intervention' [zero hedge]zero hedge
SMFG
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SMFG's page on the SEC website