Sumitomo Mitsui Financial Group, Inc.
TOKYO, July 28, 2006 --- Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces that its consolidated subsidiaries, Sumitomo Mitsui Banking Corporation and Sakura Information System, have published the attached press release today. SMFGfs earnings forecast for the fiscal year ending March 31, 2007 remains unchanged.
Osaka Gas Information System Research Institute Co., Ltd.
Sakura Information System Co., Ltd.
Osaka Gas Co. Ltd
Sumitomo Mitsui Banking Corporation
Japan, July 28, 2006--- Osaka Gas Information System Research Institute Co., Ltd. (OGIS-RI, President: Masakazu Kato), Sakura Information System Co., Ltd. (SIS, President: Ryoji Miura), Osaka Gas Co. Ltd. (Osaka Gas, President: Hirofumi Shibano) and Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) today have entered into a basic contract on business alliance in the field of information service business as basically agreed between OGIS-RI and SIS on May 23, 2006.
In addition, on the basis of the basic contract above, SMBC today transferred part of its holdings of SIS shares (equivalent to 34% of the total SIS shares) to OGIS-RI in order to reinforce the alliance.
(1) Cooperation in the field of system development
(2) Cooperation in foreign operation
Mutually utilize the development base in Shanghais, OGIS-RIfs business partner, and SISfs subsidiary in Singapore.
(3) Cooperation in the field of system operation
Mutually utilize OGIS-RIfs computer center (Nishi-ku, Osaka) and SISfs center (Shinagawa-ku, Tokyo).
(4) Exchange and development of human resources
(1) Company name | Sakura Information System Co., Ltd. |
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(2) Head office | 4-10,Nihonbashihoncho 3-chome,Chuo-ku, Tokyo |
(3) Business description | System development and data processing |
(4) Date of establishment | November 29, 1972 |
(5) Capital stock | 600 millions of yen |
(6) Number of shares issued | 775,000 shares |
(7) Principal shareholders | SMBC@511,500 shares (66.0%) OGIS-RI@263,500 shares (34.0%) |
Appendix
Profile of OGIS-RI
Company name |
Osaka Gas Information System Research Institute Co., Ltd. |
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Head office |
Minami 2-37, Chiyozaki 3-chome, Nishi-ku, Osaka-shi, Osaka |
Business description |
System development, data processing, and sales of computer and software |
Date of establishment |
June 29, 1983 |
Capital stock |
400 millions of yen (as of March 31, 2006) |
Profile of Osaka Gas
Company name |
Osaka Gas Co. Ltd. |
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Head office |
1-2, Hiranamachi 4-chome, Chuo-ku, Osaka-shi, Osaka |
Business description |
Gas and heat supply business |
Date of establishment |
April 10, 1897 |
Capital stock |
132,166 millions of yen (as of March 31, 2006) |
Profile of SMBC
Company name |
Sumitomo Mitsui Banking Corporation |
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Business description |
Banking |
Date of establishment |
June 6, 1996 |
Head office | 1-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo |
Capital stock |
664,986 millions of yen (as of March 31, 2006) |