Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Sumitomo Mitsui Trust Holdings Inc    8309   JP3892100003

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Chuo Mitsui Trust : Establishment of a Third Party Committee

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/09/2012 | 09:23am CEST

To whom it may concern,
April 9, 2012
Sumitomo Mitsui Trust Holdings, Inc. (Securities Code: 8309 TSE, OSE and NSE)

Establishment of a Third Party Committee

On March 21 of this year, the Securities and Exchange Surveillance Commission ("SESC") announced that they made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency to issue an order for payment of an administrative monetary penalty against former Chuo Mitsui Asset Trust and Banking Company, Limited ("CMAB", at that time.), which is a subsidiary of Sumitomo Mitsui Trust Holdings, Inc. The SESC recognized that former CMAB, acting as an investment manager of a fund, violated the Financial Instruments and Exchange Act (insider trading) with respect to the sale and purchase of shares in July 2010.
Sumitomo Mitsui Trust Holdings, Inc. has already established an internal special investigation committee comprised of members, not only from within the company, but also outside experts ("Special Investigation Committee"), and has arranged for an additional investigation to fully understand this matter and evaluate preventative measures. Additionally, Sumitomo Mitsui Trust Holdings, Inc. hereby announces that it has also established a Third Party Committee, which is independent and consists of outside experts in order to further evaluate and verify the adequacy of the scope, method, process and other aspects of the investigation conducted by the Special Investigation Committee. The following are specific details regarding the purpose of the Third Party Committee.
1. Purpose of the Third Party Committee
(1) To evaluate and verify the adequacy of the scope, method, process and other aspects of the investigation conducted by the Special Investigation Committee.
(2) To e valuate and verify the adequacy of the sufficiency of the measures implemented to prevent the recurrence of a similar act as evaluated by the Special Investigation
Committee.
(3) To propose additional measures to prevent a similar incident from recurring, as necessary.
2. Constitution of the Third Party Committee
Chairman Kunio Hamada, Attorney at law (former Justice of the Supreme Court) Commissioner Tetsuo Ito, Attorney at law (former Deputy Prosecutor-General of the
Supreme Public Prosecutors Office)
Commissioner Masao Kishida (Professor of Waseda University Graduate School of
Finance, Accounting and Law)
3. Schedule (tentative)
(1) April 9 (today) To establish the Third Party Committee
(2) From early to mid-May To compile the report (which will be released publicly)
End
For further information, please contact
IR Department, Sumitomo Mitsui Trust Holdings, Inc. Telephone: +81-3-3286-8354 Fax: +81-3-3286-4654

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUMITOMO MITSUI TRUST HOLD
04/28 SUMITOMO MITSUI TRUST : Revision of consolidated earnings forecasts for the fisc..
04/28 SUMITOMO MITSUI TRUST : Comment on Today's Media Reports
04/04 RATING ACTION : Moody's assigns (P)A1 to Sumitomo Mitsui Trust Bank's domestic s..
03/31 SUMITOMO MITSUI TRUST : Notice regarding Organizational Change and Change of Off..
03/29 SUMITOMO MITSUI TRUST : Notice regarding Signing of Memorandum of Understanding ..
03/29 SUMITOMO MITSUI TRUST HOLDINGS INC : ex-dividend day for final dividend
03/28 SUMITOMO MITSUI TRUST : Asset Manager Names New Unit Head
03/10 SUMITOMO MITSUI TRUST : Ifmr capital, sumitomo mitsui banking ink pact
03/04 The Restaurant Brands International Inc. (Qsr) Shares Bought by Aviva Plc
03/01 PROSPECT CAPITAL : The Pvg Asset Management Corp Buys New Stake in Prospect Capi..
More news
Sector news : Banks - NEC
12:05a SHAW COMMUNICATIONS EXPLORES SELLING : sources
04/28DJCREDIT SUISSE : Shareholders Approve Bonus Packages
04/28 FTSE in biggest one-month fall since November
04/28 Strongest week since December for European shares as investors pile in
04/28 CREDIT SUISSE : bosses grilled over bonuses after 2016 losses
More sector news : Banks - NEC
News from SeekingAlpha
03/14 SUMITOMO MITSUI TRUST : Are Japanese Megabanks Back?
2016 Sumitomo Mitsui Trust Holdings, Inc. ADR 2016 Q2 - Results - Earnings Call Sl..
2016 Is Kuroda's Operation Twist Really A Windfall For Banks?
2016 WisdomTree Japan Hedged Financials ETF (DXJF) July Summary
2016 WisdomTree Japan Hedged Financials ETF (DXJF) June Summary
Advertisement
Financials ( JPY)
Sales 2017 1 157 433 M
EBIT 2017 262 898 M
Net income 2017 159 464 M
Debt 2017 -
Yield 2017 3,33%
P/E ratio 2017 9,04
P/E ratio 2018 8,82
Capi. / Sales 2017 1,29x
Capi. / Sales 2018 1,62x
Capitalization 1 489 961 M
More Financials
Chart SUMITOMO MITSUI TRUST HOLD
Duration : Period :
Sumitomo Mitsui Trust Hold Technical Analysis Chart | 8309 | JP3892100003 | 4-Traders
Full-screen chart
Technical analysis trends SUMITOMO MITSUI T...
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 4 610  JPY
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Kunitaro Kitamura President & Representative Director
Hitoshi Tsunekage Chairman
Masahiro Tsuchiya Head-Operations & Corporate Planning
Tadashi Nishimura Managing Executive Officer & Head-Finance
Nobuo Iwasaki Representative Director & Vice President
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO MITSUI TRUST ..-8.73%13 357
JPMORGAN CHASE & CO.0.82%310 761
WELLS FARGO & CO-2.30%269 408
INDUSTRIAL AND COMMRCL..10.66%247 676
BANK OF AMERICA CORP5.61%233 679
CHINA CONSTRUCTION BAN..9.56%203 772
More Results