Statement re dissolving Sumitomo Mitsui Finance Australia
26 1월 2004 - 8:55PM
UK Regulatory
Sumitomo Mitsui Banking
Sumitomo Mitsui Financial Group Announces to Dissolve Sumitomo Mitsui
Finance Australia Limited
Sumitomo Mitsui Financial Group, Inc. announced that it dissolved
Sakura Finance Australia Limited, one of the overseas subsidiaries of
Sumitomo Mitsui Banking Corporation (SMBC), its fully owned company.
1. Outline of the Subsidiary
Corporate Name Sumitomo Mitsui Finance Australia Limited
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Location Level 40, The Chiefley Tower 2, Chiefley Square, Sydney,
NSW2000, Australia
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Representative Hajime Kadota, Managing Director
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2. Reason for Dissolution
To improve efficiency of overseas businesses
3. Profile of the Subsidiary
Business Finance, Investment, Foreign exchange
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Date of Establishment 27 March 1986
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Paid-in Capital AUD 54,000 thousand
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Shareholders' Equity AUD 60,795 thousand
(as of December 31, 2002)
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Total Assets AUD 67,576 thousand
(as of December 31, 2002)
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Fiscal Year End December
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Number of employees 0 (Japanese expatriate 0, Local hire 0)
(as of September 30, 2003)
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Shareholders 100% owned by SMBC
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Recent Performance Dec. 2000 Dec. 2001 Dec. 2002
(Unit: million JPY) -------------------------------------------------------------
Operating profit 53,210 5,468 4,881
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Net income 3,561 4,503 4,391
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Total assets 320 467 242
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4. Date of Dissolution
January 25, 2004
5. Impact on SMFG's performance
There will be no impact on SMFG's performance.