text: Based on this approach, SMFG goes 
  Based on this approach, SMFG goes 
  
  **We aim to further**
  **strengthen communication**
  **with our shareholders**
  **and investors**
  
  beyond legal requirements in enriching its 
  beyond legal requirements in enriching its 
  
  disclosure of information on management 
  disclosure of information on management 
  
  policy and operational strategy. These 
  policy and operational strategy. These 
  
  initiatives have won the support of many 
  initiatives have won the support of many 
  
  market participants. We were selected as 
  market participants. We were selected as 
  
  SMFG is committed to ensuring financial 
  SMFG is committed to ensuring financial  a winner of the Awards for Excellence in 
  a winner of the Awards for Excellence in 
  
  soundness through appropriate policy-making 
  soundness through appropriate policy-making  Corporate Disclosure for fiscal 2011 by The 
  Corporate Disclosure for fiscal 2011 by The 
  
  and business operations. At the same time, 
  and business operations. At the same time,  Securities Analysts Association of Japan. 
  Securities Analysts Association of Japan. 
  
  we disclose corporate information in a 
  we disclose corporate information in a 
  
  timely and precise way to shareholders and 
  timely and precise way to shareholders and 