TSE:8053Trade Distributors
Sumitomo Ends Buyback As Strong Share Gains Meet Valuation Concerns
Sumitomo (TSE:8053) has completed its previously announced share buyback program.
The program's conclusion marks a recent update to the company's capital allocation activity.
For investors watching Sumitomo at ¥6,438.0, the completed buyback follows a period of very large multi year share price gains, including a 206.1% return over three years and a 417.4% return over five years. Over the past year, the stock is up 93.7%, while year to date it has returned 15.6%, with a 3.3% move over the...