SMFG to make SMBC Nikko indirect unit via share exchange creating SMBC Nikko Securities Holdings

• Sumitomo Mitsui Financial Group will reorganize SMBC Nikko under a new intermediate holding company in Japan from Oct. 1, 2026.
• A statutory share exchange will make SMBC Nikko a wholly owned unit of SMBC Nikko Securities Holdings, remaining indirectly owned by SMFG.
• The holding company will be formed by renaming SMBC Nikko Securities Holdings Establishment Preparatory Company upon the transaction’s effectiveness.
• SMFG will transfer 200,002 SMBC Nikko shares to the preparatory company, receiving 1 share of the holding company in exchange.
• The structure is intended to strengthen governance of SMBC Nikko and SMBC Nikko Jefferies Securities under the wholesale Japanese equities integration plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sumitomo Mitsui Financial Group Inc. published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.