More Stocks Trade Below Book Value in Japan Despite Reforms [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg About 38% of Topix 500 companies were trading below book value as of end-September, up from 32.2% in March, according to data compiled by Bloomberg. That's a reversal from an earlier falling trend, when the ratio dropped from 43.9% in December 2022 following the Tokyo Stock Exchange's pressure on low valuation companies to roll out business improvement plans. One key element to boost price-to-book ratio is return on equity, a measure of a firm's profitability and profit-making efficiency. “Governance reform is important but at the end of the day it comes down to whether it leads to higher ROE,” said Keiichi Ito, chief quants analyst at SMBC Nikko Securities Inc. “In that sense, you don't get the impression that there have been a lot of fundamental stories that lead to higher ROE.” The average ROE of Japanese companies has failed to rise beyond 9% in recent years, staying below that of their global peers. Meanwhile, the habit of hoarding cash has persi
Show less
Read more
Impact Snapshot
Event Time:
SMFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMFG alerts
High impacting Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) news events
Weekly update
A roundup of the hottest topics
SMFG
News
- Top Japan Bankers Predict Share Gains, BOJ Rates at 1% [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Top Japan Bankers Predict More Share Gains, BOJ Rates at 1% [BNN Bloomberg (Canada)]BNN Bloomberg
- Toyota chairman coming under pressure due to scandals [Yahoo! Finance]Yahoo! Finance
- Here's why Japan's stocks are plunging after Shigeru Ishiba's win [CNBC]CNBC
- SMBC Group and Infcurion Sign Capital and Business AlliancePR Web
SMFG
Sec Filings
- 10/1/24 - Form 424B3
- 8/14/24 - Form 6-K
- 8/13/24 - Form 13F-HR
- SMFG's page on the SEC website