Sumitomo Mitsui Financial Group, Inc.
Dissolution of The Japan Card Business Support Company, Limited
1. Name of the Subsidiary
Company Name |
The Japan Card Business Support
Company, Limited |
Location |
5-15 Imabashi
4-chome, Chuo-ku, Osaka-shi, |
Representative |
Tadamasa Umatani |
2. Reason for Dissolution
To improve efficiency of credit card business
3. Profile of the Subsidiary
Business |
Transaction services
for credit card business |
Date of Establishment |
April 1, 2002 |
Paid-in Capital |
JPY 100 million |
Shareholdersf Equity |
JPY 165 million ias of the end of March 2008j |
Total Assets |
JPY 252 million ias of the end of March 2008j |
Fiscal Year End |
March 31 |
Number of Employees |
75ias of the end of March 2008j |
Shareholders |
SMCC 100% |
Recent Financial Performance (Fiscal Year ended March 2008j |
Ordinary Profit: JPY 14 million Net Income: JPY 7 million |
4. Date of Dissolution
July,
2008iPlannedj
5. SMFGfs Earnings Forecasts
There is no revision to SMFGfs
earnings forecasts for the year ending March 31, 2009, due to this dissolution.