I would like to extend my sincerest appreciation to you for your support and patronage.
My name is Jun Ohta, the newly appointed President and Group CEO of Sumitomo Mitsui Financial Group. As Group CEO, I will do my utmost to further advance the Group.
In April 2017, SMBC Group embarked on the Medium-Term Management Plan, “SMBC Group Next Stage”, under the new group-based management system. We have now entered the final year of the three-year plan.
In the first two years, we made good progress in transforming our business and asset portfolios with disciplined business management and generated stable bottom line profit. As a result, we expect to achieve our Common Equity Tier 1 capital ratio target one year ahead of schedule, making strides towards securing financial soundness in light of tightening international financial regulations.