6-K 1 d938590d6k.htm FORM 6-K Form 6-K
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2025

Commission File Number 001-34919

SUMITOMO MITSUI FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

   Form 20-F ☒   Form 40-F ☐

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Sumitomo Mitsui Financial Group, Inc.   
  By:  

 /s/ Jun Okahashi

   
    Name:   Jun Okahashi   
    Title:  

Executive Officer & General Manager,

Financial Accounting Dept.

   

Date: May 14, 2025

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Financial Results

Fiscal Year 3/2025

 - Supplementary Information - 

 

Sumitomo Mitsui Financial Group, Inc.

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Page

 

 1.

   Income analysis   Consolidated    Non-consolidated    …        1

 2.

   Interest spread (domestic)     Non-consolidated    …        3

 3.

   Gains (losses) on securities     Non-consolidated    …        3

 4.

   Unrealized gains (losses) on securities   Consolidated    Non-consolidated    …        4

 5.

   Balance of securities, classified by maturity     Non-consolidated    …        5

 6.

   Notional amount of interest rate swaps (under deferred hedge accounting), classified by remaining maturity     Non-consolidated    …        5

 7.

   Employee retirement benefits   Consolidated    Non-consolidated    …        6

 8.

   Classification based on self-assessment and the Banking Act and the Reconstruction Act, and write-offs / reserves     Non-consolidated    …        7

 9.

   Reserve for possible loan losses and reserve ratio   Consolidated    Non-consolidated    …        8

10.

   Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act, and coverage   Consolidated    Non-consolidated    …        9

11.

   Results of off-balancing of NPLs     Non-consolidated    …        10

12.

   Loan portfolio, classified by industry     Non-consolidated    …        11

13.

   Loan portfolio, classified by country     Non-consolidated    …        13

14.

   Balance of deposits and loans     Non-consolidated    …        14

15.

   Deferred tax assets and liabilities     Non-consolidated    …        15

16.

   Capital ratio (BIS guidelines)   Consolidated    Non-consolidated    …        16

17.

   ROE   Consolidated      …        16

18.

   Earnings targets and dividends forecast for FY3/2026   Consolidated    Non-consolidated    …        17

Reference: Financial statements of SMBC

     Non-consolidated    …        18

 

  Notes   1.   Consolidated: Consolidated figures of Sumitomo Mitsui Financial Group, Inc. (“The Company”)
    2.   Non-consolidated: Non-consolidated figures of Sumitomo Mitsui Banking Corporation (“SMBC”)

 

This document contains “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995), regarding the intent, belief or current expectations of us and our managements with respect to our future financial condition and results of operations. In many cases but not all, these statements contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “risk,” “project,” “should,” “seek,” “target,” “will” and similar expressions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those expressed in or implied by such forward-looking statements contained or deemed to be contained herein. The risks and uncertainties which may affect future performance include: deterioration of Japanese and global economic conditions and financial markets; declines in the value of our securities portfolio; our ability to successfully implement our business strategy through our subsidiaries, affiliates and alliance partners; exposure to new risks as we expand the scope of our business; and incurrence of significant credit-related costs. Given these and other risks and uncertainties, you should not place undue reliance on forward-looking statements, which speak only as of the date of this document. We undertake no obligation to update or revise any forward-looking statements.

Please refer to our most recent disclosure documents such as our annual report on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as our earnings press releases, for a more detailed description of the risks and uncertainties that may affect our financial conditions and our operating results, and investors’ decisions.

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Sumitomo Mitsui Financial Group

 

 1. Income analysis

 

Consolidated           (Millions of yen)
         FY3/2025             FY3/2024
     

 

 Change  

 

  
           

Consolidated gross profit

   1    4,126,746     387,928         3,738,818  
           
   

Net interest income

   2    2,338,218     457,565         1,880,653  
           
   

Trust fees

   3    9,733     1,538         8,195  
           
   

Net fees and commissions

   4    1,559,176     77,146         1,482,030  
           
   

Net trading income

   5    383,566     275,810         107,756  
           
   

Net other operating income

   6    (163,949)    (424,132)      260,183  
           
General and administrative expenses   7    (2,401,955)    (151,362)      (2,250,593) 
           
Equity in gains (losses) of affiliates   8    (5,504)    (77,490)      71,986  
 
           
Consolidated net business profit   9    1,719,286     159,075       1,560,211  
 
           
Total credit cost   10    (344,547)    (70,518)        (274,029) 
           
   

Credit costs

   11    (360,997)    (70,033)        (290,964) 
             

 

      

Write-off of loans

   12    (151,583)    (7,865)        (143,718) 
             
     

Provision for reserve for possible loan losses

   13    (167,639)    (49,251)        (118,388) 
             
     

Others

   14    (41,774)    (12,917)        (28,857) 
           
   

Recoveries of written-off claims

   15    16,449     (485)      16,934  
           
Gains (losses) on stocks   16    509,847     260,030       249,817  
           
Other income (expenses)   17    (165,103)    (95,233)      (69,870) 
 
           
Ordinary profit    18    1,719,482     253,354       1,466,128  
 
           
Extraordinary gains (losses)   19    (19,539)    104,239         (123,778) 
           
   

Gains (losses) on disposal of fixed assets

   20    (11,753)    (3,513)        (8,240) 
           
   

Losses on impairment of fixed assets

   21    (7,052)    6,644         (13,696) 
           
   

Losses related to sale of freight car leasing business

   22    -     108,191         (108,191) 
           
   

Gains on step acquisitions

   23    -     (7,080)      7,080  
           
Income before income taxes   24    1,699,943     357,594       1,342,349  
           
Income taxes - current   25    (577,307)    (134,571)      (442,736) 
           
Income taxes - deferred   26    64,242     (4,831)      69,073  
           
Profit   27    1,186,877     218,190       968,687  
           
Profit attributable to non-controlling interests   28    (8,881)    (3,141)      (5,740) 
 
Profit attributable to owners of parent   29    1,177,996     215,050         962,946  
 
Notes:  

1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.

 

2. Consolidated gross profit = (Interest income - Interest expenses) + Trust fees + (Fees and commissions - Fees and commissions payments)

    + (Trading income - Trading losses) + (Other operating income - Other operating expenses)

 

Number of consolidated subsidiaries and affiliates

            
          Mar. 31, 2025         Mar. 31, 2024 
     

 

 Change  

 

    
 

Consolidated subsidiaries

   30           172     (3)               175  
 

Equity method affiliates

   31    244     (73)        317  

 

- 1 -

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Sumitomo Mitsui Financial Group

 

SMBC non-consolidated             (Millions of yen)
                  FY3/2025            

FY3/2024

         

 

 Change  

 

  
Gross banking profit   1    2,256,559      371,361          1,885,198   
   

Gross domestic profit

   2    1,064,815      228,003          836,812   
     

Net interest income

   3    847,865      238,690          609,175   
     

Trust fees

   4    3,437      435          3,002   
     

Net fees and commissions

   5    251,826      3,264          248,562   
     

Net trading income

   6    4,078      1,958          2,120   
     

Net other operating income

   7    (42,393)     (16,345)       (26,048)  
             
     

 Gains (losses) on bonds

   8    (46,070)     (32,048)         (14,022)  
   

Gross international profit

   9    1,191,744      143,358          1,048,386   
     

Net interest income

   10    803,424      246,591          556,833   
     

Net fees and commissions

   11    293,995      12,831          281,164   
     

Net trading income

   12    168,116      295,947          (127,831)  
     

Net other operating income

   13    (73,791)     (412,011)       338,220   
             
     

 Gains (losses) on bonds

   14    (9,123)     22,351        (31,474)  
Expenses (excluding non-recurring losses)   15    (1,072,173)     (88,287)         (983,886)  
         

Overhead ratio

   16    47.5%    (4.7%)        52.2% 
    Personnel expenses   17    (451,463)     (33,196)         (418,267)  
    Non-personnel expenses   18    (553,838)     (45,763)         (508,075)  
    Taxes   19    (66,872)     (9,329)       (57,543)  
 
Banking profit (before provision for general reserve for possible loan losses)    20    1,184,386      283,075          901,311   
         

Gains (losses) on bonds

   21    (55,194)     (9,697)         (45,497)  
   

Core Banking Profit (20-21)

   22    1,239,580      292,771          946,809   
             
       

excluding gains (losses) on cancellation of investment trusts

   23    1,155,583      229,559          926,024   
 
Provision for general reserve for possible loan losses   24    (103,499)     (82,840)         (20,659)  
Banking profit   25    1,080,886      200,234          880,652   
Non-recurring gains (losses)   26    407,176      247,358          159,818   
    Credit costs   27    (47,278)     28,535          (75,813)  
    Gains on reversal of reserve for possible loan losses   28    -      -          -   
    Recoveries of written-off claims   29    0      (214)         214   
    Gains (losses) on stocks   30    486,093      250,156          235,937   
    Other non-recurring gains (losses)    31    (31,639)     (31,120)       (519)  
 
Ordinary profit   32    1,488,062      447,591          1,040,471   
 
Extraordinary gains (losses)    33    (9,479)     (2,232)         (7,247)  

 

   Gains (losses) on disposal of fixed assets   34    (7,607)     (3,885)         (3,722)  
    Losses on impairment of fixed assets   35    (1,871)     1,654          (3,525)  
Income before income taxes   36    1,478,583      445,360          1,033,223   
Income taxes - current   37    (440,708)     (133,795)         (306,913)  
Income taxes - deferred   38    30,691      (5,645)         36,336   
 
Net income   39    1,068,566      305,920          762,646   
 
               
Total credit cost (24+27+28+29)   40    (150,778)     (54,520)         (96,258)  
    Provision for general reserve for possible loan losses   41    (103,499)     (82,840)         (20,659)  
    Write-off of loans   42    (10,806)     13,138          (23,944)  
    Provision for specific reserve for possible loan losses   43    (14,940)     32,098          (47,038)  
    Losses on sales of delinquent loans   44    (16,037)     (12,156)         (3,881)  
    Provision for loan loss reserve for specific overseas countries   45    (5,494)     (4,545)         (949)  
    Recoveries of written-off claims   46    0      (214)         214   

Note: Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease. 

 

- 2 -

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Sumitomo Mitsui Financial Group

 

2. Interest spread (domestic)

 

 SMBC non-consolidated                (%)
      FY3/2025                   

 

FY3/2024

   

Six months

ended

Sep. 30, 2024

       

Six months 

ended 

Mar. 31, 2025 

  
Yield on interest earning assets (A)    0.66    0.61          0.70        0.56  
   

Interest earned on loans and bills discounted (C)

    1.02    0.94          1.09        0.84  
   

Interest earned on securities

    1.32    1.58          1.05        0.81  
Total cost of funding (including expenses) (B)    0.53    0.49          0.57        0.43  
   

Cost of interest bearing liabilities

    0.09    0.06          0.12        0.02  
        

Interest paid on deposits, etc. (D)

    0.06    0.03          0.09        0.00  
       

Interest paid on other liabilities

    0.32    0.28          0.36        0.19  
   

Expense ratio

    0.43    0.42          0.44        0.41  
Overall interest spread (A) - (B)    0.13    0.12          0.13        0.13  
   

Interest spread (C) - (D)

    0.96    0.91          1.00        0.84  

Note:

   From FY3/2025, the yield on interest earning assets was calculated by considering interest earning portion of the deposit with the Bank of Japan, and this change was retroactively applied to FY3/2024.
                  
  Reference: After deducting loans to the Japanese government, etc.          
  Interest earned on loans and bills discounted (E)    1.04    0.97          1.12        0.86  
 

Interest spread (E) - (D)

    0.98    0.94          1.03        0.86  

 3. Gains (losses) on securities

               
 SMBC non-consolidated           (Millions of yen)
       

 

FY3/2025

                 FY3/2024
             Change    
Gains (losses) on bonds   (55,194)         (9,697)         (45,497) 
   

Gains on sales

   56,115          17,968          38,147  
   

Losses on sales

   (105,946)         (26,353)         (79,593) 
   

Gains on redemption

        0          0          0  
   

Losses on redemption

        (5,363)         (1,312)         (4,051) 
   

Losses on devaluation

        -          -          -  
                  
Gains (losses) on stocks        486,093          250,156          235,937  
   

Gains on sales

        533,438          225,993          307,445  
   

Losses on sales

        (17,345)         (11,907)         (5,438) 
   

Losses on devaluation

        (29,998)         36,072          (66,070) 

 

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Sumitomo Mitsui Financial Group

 

 4. Unrealized gains (losses) on securities

 

 Consolidated                   (Millions of yen)
        Mar. 31, 2025   Mar. 31, 2024
      Balance sheet  amount     

Net unrealized gains (losses)

 

   Balance sheet  amount      Net unrealized gains (losses)
(b)
               
      (a)   (a) - (b)   Gains   Losses
                       
   

Held-to-maturity securities

   1    274,414       (6,174)    (4,769)    -     6,174     234,095       (1,405) 
                       
   

Other securities

   2    39,776,760       2,806,023     (587,072)    3,546,118     740,095     36,132,798       3,393,095  
                         
       

Stocks

   3    3,045,167       1,960,926     (876,091)    1,965,943     5,016     4,119,760       2,837,017  
                         
     

Bonds

   4    13,893,477       (144,837)    (44,696)    7,508     152,345     10,760,383       (100,141) 
                           
        Japanese government bonds   5    11,180,546       (52,395)    2,429     104     52,500     7,547,376       (54,824) 
                         
     

Others

   6    22,838,114       989,933     333,715     1,572,666     582,733     21,252,655       656,218  
                           
        Foreign bonds   7    17,424,744       (449,098)    241,481     83,706     532,804     16,836,216       (690,579) 
                       

 

  

Other money held in trust

   8    520       -     -     -     -     315       -  
                       
   

Total

   9    40,051,695       2,799,849     (591,840)    3,546,118     746,269     36,367,210       3,391,689  
                       
     

Stocks

   10    3,045,167       1,960,926     (876,091)    1,965,943     5,016     4,119,760       2,837,017  
                       
     

Bonds

   11    14,167,892       (151,011)    (49,464)    7,508     158,519     10,994,479       (101,547) 
                       
       

Others

   12    22,838,635         989,933     333,715     1,572,666     582,733     21,252,970         656,218  
 SMBC non-consolidated                   (Millions of yen)
        Mar. 31, 2025   Mar. 31, 2024
      Balance sheet amount    

Net unrealized gains (losses)

 

   Balance sheet amount     Net unrealized gains (losses)
(b)
               
      (a)   (a) - (b)   Gains   Losses
                       
   

Held-to-maturity securities

   13    22,300       (1,158)    (680)    -     1,158     22,300       (478) 
                       
   

Stocks of subsidiaries and affiliates

   14    5,009,805       (70,058)    11,650     19,490     89,548     4,945,212       (81,708) 
                       
   

Other securities

   15    33,564,599       1,774,438     (753,303)    2,498,161     723,723     30,599,803       2,527,741  
                         
     

Stocks

   16    2,693,563       1,817,170     (841,837)    1,822,127     4,957     3,709,291       2,659,007  
                         
     

Bonds

   17    13,835,139       (140,894)    (42,645)    7,521     148,416     10,943,768       (98,249) 
                           
        Japanese government bonds   18    11,180,546       (52,395)    2,429     104     52,500     7,547,376       (54,824) 
                         
     

Others

   19    17,035,896       98,162     131,177     668,512     570,349     15,946,743       (33,015) 
                           
        Foreign bonds   20    12,711,011       (458,910)    203,312     61,892     520,802     12,426,880       (662,222) 
                       
   

Total

   21    38,596,705       1,703,221     (742,334)    2,517,651     814,430     35,567,315       2,445,555  
                       
     

Stocks

   22    2,987,917       1,818,870     (842,764)    1,823,828     4,957     4,004,093       2,661,634  
                       
     

Bonds

   23    13,857,439       (142,052)    (43,324)    7,521     149,574     10,966,068       (98,728) 
                       
       

Others

   24    21,751,347         26,402     143,752     686,301     659,898     20,597,152         (117,350) 

 

Notes:   1.   The figures above include negotiable certificates of deposit in “Cash and due from banks” and beneficiary claims on loan trust in “Monetary claims bought.”
  2.   Net unrealized gains (losses) are valuated at market prices as of the balance sheet date.
  3.   Other securities and Other money held in trust are measured at market prices. Unrealized gains (losses) indicate the difference between the acquisition costs (or amortized costs) and the balance sheet amounts.

 

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5. Balance of securities, classified by maturity

Balance of other securities with maturities and bonds of held-to-maturity

 

 SMBC non-consolidated

 

 

                

 

 (Billions of yen)

 

          Mar. 31, 2025     Mar. 31, 2024
                           
         1 year
or less		     More than
1 year to
5 years		     More than
5 years to
10 years		     More than
10 years		     Total     1 year
or less		     More than
1 year to
5 years		     More than
5 years to
10 years		     More than
10 years		     Total
                     
Bonds     10,374.0        2,320.2        692.5        470.7        13,857.4        6,501.1        2,577.7        1,167.7        719.6      10,966.1 
    Japanese government 
bonds		     9,663.6        1,352.8        39.6        124.5        11,180.5        5,793.3        1,322.7        119.5        311.8      7,547.4 
   

Japanese local

government bonds

     126.0        268.0        417.1        4.0        815.1        71.4        264.7        700.8        9.8      1,046.7 
   

Japanese short-term

bonds

     49.9        -        -        -        49.9        319.9        -        -        -      319.9 
   

Japanese corporate

bonds

     534.4        699.4        235.8        342.2        1,811.8        316.5        990.2        347.3        398.0      2,052.1 
                     
Others     2,665.0        4,342.5        2,314.9        4,766.7        14,089.0        3,213.2        4,248.1        1,570.5        4,044.6      13,076.4 
                     
Total     13,039.0        6,662.6        3,007.4        5,237.4        27,946.4        9,714.3        6,825.8        2,738.2        4,764.2      24,042.5 
                                                                                        

 6. Notional amount of interest rate swaps (under deferred hedge accounting), classified by remaining maturity

 

 SMBC non-consolidated

 

   

 (Billions of yen)

 

        Mar. 31, 2025   Mar. 31, 2024
                       
      1 year
or less		   More than
1 year to
5 years		   More than
5 years		   Total   1 year
or less		   More than
1 year to
5 years		   More than
5 years		   Total
    Receivable fixed rate
/ payable floating rate		   6,123.9    28,228.2    11,046.2    45,398.3    4,285.0    24,030.3    5,612.4    33,927.7 
    Receivable floating rate 
/ payable fixed rate		   1,101.7    9,181.4    13,470.7    23,753.7    1,223.6    7,761.0    10,739.1    19,723.7 
    Receivable floating rate 
/ payable floating rate		   425.0    -    -    425.0    -    -    -    - 
                 

Total

   7,650.6    37,409.6    24,516.9    69,577.0    5,508.7    31,791.3    16,351.5    53,651.4 
                                                                                 

 

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 7. Employee retirement benefits

 Consolidated

 (1) Projected benefit obligation

 

  (Millions of yen)
            Mar. 31, 2025           Mar. 31, 2024
       

 

Change

 

  
Fair value of plan assets   (A)   1,805,602     (15,617)        1,821,219  
Projected benefit obligation   (B)   852,205     (92,485)        944,690  
Net surplus (deficit)   (A-B)   953,397     76,869         876,528  
   

Net defined benefit asset

       987,288     73,497         913,791  
   

Net defined benefit liability

       33,890     (3,373)        37,263  
                     
Measurements of defined benefit plans (before tax effect deduction)   (404,307)    5,465         (409,772) 
   

Unrecognized prior service cost (deductible from the obligation)

   (9,408)    2,390         (11,798) 
   

Unrecognized net actuarial gain (loss)

   (394,898)    3,076         (397,974) 

 

 (2) Retirement benefit expenses

 

  (Millions of yen)
            FY3/2025           FY3/2024
       

Change

 

  
Retirement benefit expenses       (26,369)    (17,641)        (8,728) 

 

 SMBC non-consolidated

 

 (1) Projected benefit obligation
    (Millions of yen)
            Mar. 31, 2025           Mar. 31, 2024
       

 

Change

 

  
Projected benefit obligation   (A)   709,650     (83,541)        793,191  
              <Discount rate>     <1.95%>     <0.69%>       <1.26%>  
   

Fair value of plan assets

   (B)   1,674,216     (15,254)        1,689,470  
   

Reserve for employee retirement benefits

   (C)   -     -         -  
   

Prepaid pension cost

   (D)   558,899     79,211         479,688  
    Unrecognized prior service cost (deductible from the obligation)   (E)   (11,047)    2,651         (13,698) 
   

Unrecognized net actuarial gain (loss)

   (A-B-C+D-E)   (394,619)    8,273         (402,892) 

 

 (2) Retirement benefit expenses

 

    (Millions of yen)
            FY3/2025           FY3/2024
       

 

Change

 

  
Retirement benefit expenses       (50,869)    (20,007)        (30,862) 
   

Service cost

       16,753     (1,820)        18,573  
   

Interest cost on projected benefit obligation

       9,994     2,336         7,658  
   

Expected returns on plan assets

       (45,704)    (6,454)        (39,250) 
   

Amortization of unrecognized prior service cost

       (2,651)    -         (2,651) 
   

Amortization of unrecognized net actuarial gain (loss)

       (37,739)    (11,673)        (26,066) 
   

Others

       8,478     (2,396)        10,874  

 

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Sumitomo Mitsui Financial Group

 

 8. Classification based on self-assessment and the Banking Act and the Reconstruction Act, and write-offs / reserves

 

LOGO

 

 
*1   Includes direct reduction of 197.8 billion yen.
*2  

Partially includes reserve for assets that is not subject to disclosure based on the Banking Act and the Reconstruction Act.

(Bankrupt/Effectively bankrupt borrowers: 3.0 billion yen, Potentially bankrupt borrowers: 7.2 billion yen)

*3   Reserve ratios for claims on Bankrupt borrowers, Effectively bankrupt borrowers, Potentially bankrupt borrowers, Substandard borrowers and Borrowers requiring caution including Substandard borrowers are the proportion of the reserve for possible loan losses to each category’s total claims, excluding the portion secured by collateral or guarantees, etc.
*4   Reserve ratios for claims on Normal borrowers and Borrowers requiring caution (excluding claims to Substandard borrowers) are the proportion of the reserve for possible loan losses to the respective claims of each category.
  The reserve ratio for unsecured claims on Borrowers requiring caution (excluding claims to Substandard borrowers) is shown in [ ].
*5   Includes Specific reserve for Borrowers requiring caution totaling 0.0 billion yen.
*6   The proportion of the reserve to the claims, excluding the portion secured by collateral or guarantees, etc.

 

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9. Reserve for possible loan losses and reserve ratio

 

 Consolidated             (Millions of yen, %)
        Mar. 31, 2025           Mar. 31, 2024
         
      (a)  

Reserve Ratio

(b)

   (a) - (c)     (c)  

Reserve Ratio

(d)

Reserve for possible loan losses

   925,931    105.02    108,353         817,578    79.91 
   

General reserve

   727,715        131,734         595,981     
   

Specific reserve

   176,280        (26,201)        202,481     
    Loan loss reserve for specific overseas countries   21,935        2,820         19,115     
               
  Amount of direct reduction   242,971      (7,870)      250,841   
 SMBC non-consolidated             (Millions of yen, %)
        Mar. 31, 2025           Mar. 31, 2024
         
      (a)   Reserve Ratio  (b)   (a) - (c)     (c)  

Reserve Ratio

(d)

Reserve for possible loan losses   625,538    116.60    102,153         523,385    83.08 
   

General reserve

   500,305        103,499         396,806     
   

Specific reserve

   103,319        (6,842)        110,161     
    Loan loss reserve for specific overseas countries   21,912        5,495         16,417     
               
  Amount of direct reduction   197,764      (11,148)      208,912   

Note: Reserve ratio (Reserve for possible loan losses / NPLs based on the Banking Act and the Reconstruction Act (Excluding Normal Assets)) is after direct reduction.

 

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 10. Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act, and coverage

 

Consolidated       (Millions of yen, %)
            Mar. 31, 2025       Mar. 31, 2024
    (a)   (a) - (b)   (b)
   

Bankrupt and quasi-bankrupt assets

   75,234     (84,952)    160,186 
   

Doubtful assets

   454,767     (107,859)    562,626 
   

Substandard loans

   351,693     51,371     300,322 
   

 

  

Past due loans (3 months or more)

   60,843     2,478     58,365 
       

Restructured loans

   290,850     48,893     241,957 
Total (A)   881,696     (141,439)    1,023,135 
 
   

Normal assets

   130,080,805     5,049,175     125,031,630 
   

Grand total (B)

   130,962,501     4,907,736     126,054,765 
NPL ratio (A/B)   0.67     (0.14)    0.81 
          (Millions of yen)
            Mar. 31, 2025       Mar. 31, 2024
        (a)   (a) - (b)   (b)

Total coverage (C)

   537,125     (159,683)    696,808 
   

Reserve for possible loan losses (D)

   201,766     (19,207)    220,973 
   

Amount recoverable by guarantees, collateral and others (E)

   335,359     (140,476)    475,835 
           
          (%)
Coverage ratio (C) / (A)   60.92     (7.19)    68.11 
Coverage ratio calculated with total reserve for possible loan losses included in the numerator   143.05     16.63     126.42 
          (%)
Reserve ratio to unsecured assets (D) / (A - E)   36.93    (3.45)    40.38 
Reserve ratio calculated with total reserve for possible loan losses included in the numerator   169.48     20.10     149.38 

SMBC non-consolidated

       (Millions of yen, %)
            Mar. 31, 2025       Mar. 31, 2024
        (a)   (a) - (b)   (b)
   

Bankrupt and quasi-bankrupt assets

   55,794     (75,385)    131,179 
   

Doubtful assets

   323,461     (54,405)    377,866 
   

Substandard loans

   157,232     36,286     120,946 
     

Past due loans (3 months or more)

   21,665     (20)    21,685 
       

Restructured loans

   135,566     36,306     99,260 
Total (A)   536,487     (93,505)    629,992 
 
   

Normal assets

   122,870,459     3,175,568     119,694,891 
   

Grand total (B)

   123,406,947     3,082,064     120,324,883 

NPL ratio (A/B)

   0.43     (0.09)    0.52 
              (Millions of yen)
        Mar. 31, 2025       Mar. 31, 2024
    (a)   (a) - (b)   (b)
Total coverage (C)   438,168     (125,832)    564,000 
    Reserve for possible loan losses (D)   150,039     12,577     137,462 
   

Amount recoverable by guarantees, collateral and others (E)

   288,129     (138,409)    426,538 
          (%)
Coverage ratio (C) / (A)   81.67     (7.86)    89.53 
Coverage ratio calculated with total reserve for possible loan losses included in the numerator   170.31     19.53     150.78 
          (%)
Reserve ratio to unsecured assets (D) / (A - E)   60.41     (7.15)    67.56 
Reserve ratio calculated with total reserve for possible loan losses included in the numerator   251.87     (5.38)    257.25 

Note: Reserve for possible loan losses is a sum of general reserve for substandard loans and specific reserve.

 

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 11. Results of off-balancing of NPLs

SMBC non-consolidated

(Billions of yen) 

                         
                       
                   

 Mar. 31, 2025 

(a)

 

 

  

   (a) - (b)   

 

 

  

NPLs 

newly classified 

during

FY3/2025

  

Amount of  

 off-balancing  

 

 

  

 Mar. 31, 2024 

(b) 

 

 

             

 

  

 

Bankrupt and quasi-bankrupt assets

 

 

       55.8    (75.4)    11.1    (86.5)    131.2 
             
   

 

Doubtful assets

 

 

       323.5    (54.4)    189.3    (243.7)    377.9 
           
   

 

Total

 

               379.3    (129.8)    (*1)   200.4    (*1)  (330.2)    509.0 
               

Result of measures connected to off-balancing (*2)

   38.3          116.6 
                     
             
       

  Breakdown of  

off-balancing 

by factor (*3) 

  

 

 

    

 

Disposition by borrowers’ liquidation

 

  

(3.9) 

 

  
       

 

Reconstructive disposition

 

  

(4.8) 

 

  
        Improvement in debtors’ performance due to reconstructive disposition   -    
       

 

Loan sales to market

 

  

(44.7) 

 

  
       

 

Direct write-offs

 

  

10.1  

 

  
       

 

Others

 

  

(286.9) 

 

  
         

 

Collection / repayment, etc.

  

 

(196.6) 

  
          Improvement in debtors’ performance   (90.3)   
                   
       

 

Total

 

  

 

(330.2) 

 

  

 

*1    The amount of NPLs newly classified during the six months ended Sep. 30, 2024 and off-balanced in the six months ended Mar. 31, 2025 was 41.9 billion yen.
*2    The measures connected to off-balancing are legal reorganizations and other similar measures, corporate splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small- and medium-sized enterprises, and trusts to RCC for the purpose of revitalization which is scheduled to be off-balanced before the maturity.
*3    1.    “Disposition by borrowers’ liquidation” refers to abandonment or write-off of loans involved in bankruptcy liquidation proceedings (bankruptcy or special liquidations).
   2.    “Reconstructive disposition” refers to abandonment of loans involved in reconstructive bankruptcy proceedings (corporate reorganization and civil rehabilitation), debt forgiveness involved in special mediation or other types of civil mediation, or debt forgiveness for restructuring involved in private reorganization.

 

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 12. Loan portfolio, classified by industry

 SMBC non-consolidated

(1) Loans and bills discounted, classified by industry

(Millions of yen, %) 

           Mar. 31, 2025                      Mar. 31, 2024        
     

 

 

 

 

(a)

 

 

 

 

  

 

 Ratio 

 

  

 

 

 

 

  (a) - (b)  

 

 

 

 

  

 

 

 

 

(b)

 

 

 

 

  

 

 Ratio 

 

Domestic offices
(excluding Japan offshore banking accounts)		     67,445,102      100.0      2,950,182        64,494,920      100.0 
    Manufacturing     10,469,032      15.5      791,632        9,677,400      15.0 
    Agriculture, forestry, fisheries and mining     250,608      0.4      17,994        232,614      0.4 
    Construction     965,649      1.4      3,272        962,377      1.5 
    Transportation, communications and public enterprises     6,389,453      9.5      526,472        5,862,981      9.1 
    Wholesale and retail     5,248,452      7.8      122,470        5,125,982      8.0 
    Finance and insurance     9,133,482      13.5      1,142,642        7,990,840      12.4 
    Real estate     12,247,123      18.2      1,132,933        11,114,190      17.2 
    Goods rental and leasing     2,621,740      3.9      154,762        2,466,978      3.8 
    Various services     4,857,473      7.2      (445,770)       5,303,243      8.2 
    Municipalities     494,711      0.7      (107,951)       602,662      0.9 
    Others     14,767,373      21.9      (388,275)       15,155,648      23.5 
Overseas offices and Japan offshore banking accounts     37,070,490      100.0      440,698        36,629,792      100.0 
    Public sector     580,789      1.6      43,698        537,091      1.5 
    Financial institutions     3,062,663      8.2      (1,883)       3,064,546      8.4 
    Commerce and industry     31,500,507      85.0      434,262        31,066,245      84.8 
    Others     1,926,528      5.2      (35,380)       1,961,908      5.3 
Total     104,515,592      -      3,390,880        101,124,712      - 

 

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(2) NPLs based on the Banking Act and the Reconstruction Act, classified by industry, and reserve ratio

(Millions of yen, %) 

           Mar. 31, 2025                       Mar. 31, 2024   
          (a)      
  Reserve 
ratio		  
 		      (a) - (b)         (b)  
Domestic offices        265,708        65.9        (151,714)        417,422   

(excluding Japan offshore banking accounts)

    Manufacturing     88,062        61.8        (8,350)        96,412   
    Agriculture, forestry, fisheries and mining     547        93.0        (410)        957   
    Construction     5,526        59.6        (1,230)        6,756   
    Transportation, communications and public enterprises     17,590        58.3        (2,074)        19,664   
    Wholesale and retail     44,865        50.6        (25,062)        69,927   
    Finance and insurance     5,553        98.5        327         5,226   
    Real estate     17,709        70.6        (13,296)        31,005   
    Goods rental and leasing     287        53.5        29         258   
    Various services     58,426        61.3        (97,993)        156,419   
    Municipalities     -        -        -         -   
    Others     27,140        100.0        (3,653)        30,793   
Overseas offices and Japan offshore banking accounts     270,779        56.4        58,210         212,569   
    Public sector     -        -        -         -   
    Financial institutions     -        -        -         -   
    Commerce and industry     265,994        55.0           57,958         208,036   
    Others     4,785        96.9        252         4,533   
Total     536,487        60.4        (93,505)        629,992   
         
Note:    Reserve ratio
   = (Reserve for possible loan losses) / (Assets excluding amounts recoverable due to guarantees, collateral and others) X 100
   Reserve for possible loan losses is sum of general reserve for substandard loans and specific reserve.

 

(3) Consumer loans outstanding

 

            (Millions of yen)  
           

 

Mar. 31, 2025

      

 

 Mar. 31, 2024

           

(a)

 

  

 

  (a) - (b)  

  

(b)

 

       

Consumer loans

 

  

12,085,325 

 

  

109,632  

 

  

11,975,693 

 

 

   Housing loans   11,293,829    79,835     11,213,994 
           
       

Self-residential purpose

 

   9,491,350    153,561     9,337,789 
         
   

Other consumer loans

 

   791,495    29,797     761,698 

 

(4) Loans to small- and medium-sized enterprises, etc.

 

          (Millions of yen, %)
   

 

Mar. 31, 2025

      

 

 Mar. 31, 2024

   

(a)

 

     (a) - (b)     (b)

Outstanding balance

 

   40,074,231    1,993,939     38,080,292 

Ratio to total loans

 

   59.4    0.4     59.0 

Note: Outstanding balance includes loans to individuals.

 

- 12 -

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Sumitomo Mitsui Financial Group

 

13. Loan portfolio, classified by country

SMBC non-consolidated

(1) Loans outstanding, classified by major domicile

(Millions of yen, %) 

           Mar. 31, 2025                     Mar. 31, 2024       
     

 

 

 

 

(a)

 

 

 

 

  

 

 Ratio 

 

  

 

 

 

 

  (a) - (b)  

 

 

 

 

  

 

 

 

 

(b)

 

 

 

 

  

 

 Ratio 

 

Asia     7,465,786      20.7      (898,898)       8,364,684      23.6 
    Indonesia     212,654      0.6      (45,951)       258,605      0.7 
    Thailand     1,136,891      3.1      20,765        1,116,126      3.1 
    Korea     432,157      1.2      (35,577)       467,734      1.3 
    Hong Kong     1,116,490      3.1      (301,346)       1,417,836      4.0 
    China     78,520      0.2      (31,266)       109,786      0.3 
    Taiwan     353,185      1.0      (181,626)       534,811      1.5 
    Singapore     2,128,902      5.9      (269,339)       2,398,241      6.8 
    India     1,209,218      3.4      88,200        1,121,018      3.2 
    Others     797,769      2.2      (142,758)       940,527      2.7 
Oceania     2,995,754      8.4      252,207        2,743,547      7.7 
    Australia     2,904,844      8.1      248,767        2,656,077      7.5 
    Others     90,910      0.3      3,440        87,470      0.2 
North America     14,697,038      41.1      851,882        13,845,156      39.1 
    United States     11,404,093      31.9      392,254        11,011,839      31.1 
    Others     3,292,945      9.2      459,628        2,833,317      8.0 
Central and South America     2,331,048      6.5      (52,244)       2,383,292      6.7 
    Brazil     408,353      1.1      (6,057)       414,410      1.1 
    Panama     430,086      1.2      11,287        418,799      1.2 
    Others     1,492,609      4.2      (57,474)       1,550,083      4.4 
Western Europe     5,109,938      14.3      86,342        5,023,596      14.2 
    United Kingdom     1,108,313      3.1      (142,698)       1,251,011      3.6 
    Ireland     552,183      1.5      46,588        505,595      1.4 
    Netherlands     711,897      2.0      (72,917)       784,814      2.2 
    Others     2,737,545      7.7      255,369        2,482,176      7.0 
Eastern Europe     200,805      0.6      (36,740)       237,545      0.7 
    Russia     157,189      0.5      (22,152)       179,341      0.5 
    Others     43,616      0.1      (14,588)       58,204      0.2 
Others     2,996,862      8.4      179,344        2,817,518      8.0 
                                     
Total     35,797,231      100.0      381,893        35,415,338      100.0 

Note:  Classified by domicile of debtors.

(2) NPLs based on the Banking Act and the Reconstruction Act, classified by domicile

(Millions of yen, %) 

           Mar. 31, 2025                       Mar. 31, 2024 
        (a)      
 Reserve 
Ratio		  
 		       (a) - (b)       (b)

Overseas Offices and

Japan offshore banking accounts

     270,779        56.4        58,210      212,569 

 

  

Asia

     89,493        66.1        (20,383)     109,876 
   

Oceania

     8,695        55.0        8,461      234 
   

North America

     41,543        62.8        (2,826)     44,369 
   

Central and South America

     26,540        93.2        1,841      24,699 
   

Western Europe

     78,287        45.3        71,312      6,975 
   

Eastern Europe

     18,453        33.1        (135)     18,588 
   

Others

     7,766        76.6        (59)     7,825 
         
Notes:      1.      Reserve ratio
     

= (Reserve for possible loan losses)/(Assets excluding amounts recoverable due to gurarantees, collateral and others) X 100

Reserve for possible loan losses is sum of general reserve for substandard loans and specific reserve.

     2.      Classified by domicile of debtors.

 

- 13 -

Table of Contents

Sumitomo Mitsui Financial Group

 

14. Balance of deposits and loans

SMBC non-consolidated

(1) Average balance of deposits and loans

 

          (Millions of yen)
              FY3/2025        

FY3/2024

        (a)     (a) - (b)     (b)
       

Deposits

 

   157,441,082    4,572,919     152,868,163 
         

 

  

Domestic units

 

   124,093,217    4,101,478     119,991,739 
 
       

Loans

 

   102,868,724    5,650,842     97,217,882 
         
   

Domestic units

 

   61,183,879    3,342,453     57,841,426 

 

Note: Deposits do not include negotiable certificates of deposit.

 

(2) Balance of deposits and loans, classified by type of depositor

 

          (Millions of yen)
              Mar. 31, 2025         Mar. 31, 2024
          (a)     (a) - (b)     (b)
       

Deposits

 

   159,731,671    6,237,234    153,494,437 

 

   Domestic deposits
(excluding Japan offshore banking accounts)		   130,824,317    3,156,186    127,668,131 
           
     

Individuals

 

   61,219,126    1,411,530    59,807,596 
           
       

Corporates

 

   69,605,191    1,744,656    67,860,535 
 
       

Loans

   104,515,592    3,390,880    101,124,712 
    Domestic offices
(excluding Japan offshore banking accounts)		   67,445,102    2,950,182    64,494,920 
         
    Overseas offices and Japan offshore banking accounts   37,070,490    440,698    36,629,792 

 

Note: Deposits do not include negotiable certificates of deposit.

 

Reference:

 

          (Billions of yen)

 

           Mar. 31, 2025       Mar. 31, 2024
        (a)     (a) - (b)     (b)
       

Balance of investment trusts

 

   4,623.7    171.2     4,452.5 
         
   

Balance to individuals

 

   3,654.7    90.4     3,564.3 

 

Note: Balance of investment trusts is recognized on a contract basis and measured according to each fund’s net asset balance at the period-end.

 

          (Billions of yen)
    FY3/2025       FY3/2024
    (a)     (a) - (b)     (b)

Sales of investment trusts to individuals

 

   755.2    109.2     646.0 
         
Sales of pension-type insurance to individuals   62.6    (37.6)    100.2 

 

- 14 -

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Sumitomo Mitsui Financial Group

 

15. Deferred tax assets and liabilities

 

  (Billions of yen)
                   
 SMBC non-consolidated        Mar. 31, 2025   

 

 Change from  Mar. 31, 2024 

 

    Mar. 31, 2024 

(a)

 

  

Total deferred tax assets

 

  

 

(b-c) 

 

  

 

 

 

 

 1  

 

 

 

 

  

 

478.4  

 

  

 

95.5  

 

  

 

382.9  

 

   

 

(b)

 

  

Subtotal of deferred tax assets

 

      

 

 

 

 

 2  

 

 

 

 

  

 

619.2  

 

  

 

132.4  

 

  

 

486.8  

 

     

 

Reserve for possible loan losses and

write-off of loans

 

      

 

 

 

 

3 

 

 

 

 

  

 

259.0  

 

  

 

33.2  

 

  

 

225.8  

 

     

 

Taxable write-off of securities

 

      

 

 

 

 

4 

 

 

 

 

  

 

92.0  

 

  

 

2.6  

 

  

 

89.4  

 

     

 

Others

 

      

 

 

 

 

5 

 

 

 

 

  

 

268.2  

 

  

 

96.6  

 

  

 

171.6  

 

   

 

(c) Valuation allowance

 

    

 

 

 

 

6 

 

 

 

 

  

 

140.8  

 

  

 

36.9  

 

  

 

103.9  

 

 

(d) Total deferred tax liabilities

 

      

 

 

 

 

7 

 

 

 

 

  

 

610.6  

 

  

 

(202.1) 

 

  

 

812.7  

 

   

 

Net unrealized gains (losses) on other securities

 

      

 

 

 

 

8 

 

 

 

 

  

 

496.8  

 

  

 

(223.0) 

 

  

 

719.8  

 

   

 

Others

 

      

 

 

 

 

9 

 

 

 

 

  

 

113.8  

 

  

 

20.9  

 

  

 

92.9  

 

                               

 

Net deferred tax assets

 

  

 

(a-d) 

 

  

 

 

 

 

10 

 

 

 

 

  

 

(132.2) 

 

  

 

297.6  

 

  

 

(429.8) 

 

   

 

Amount corresponding to net deferred (gains) losses on hedges included in line 5 and net unrealized (gains) losses on other securities included in line 8

      

 

 

 

 

11 

 

 

 

 

  

 

(418.4) 

 

  

 

265.9  

 

  

 

(684.3) 

 

   

 

Others

 

      

 

 

 

 

12 

 

 

 

 

  

 

286.2  

 

  

 

31.7  

 

  

 

254.5  

 

 

 

SMBC recognized deferred tax assets pursuant to paragraph 19 (classification 2) of the “Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ Guidance No.26). This is due to the fact that SMBC has generated steady taxable income, excluding amounts arising from extraordinary factors, in all of the current and past three fiscal years.

 

Reference: Income of final tax return before deducting operating loss carryforwards for the last 3 years

 

         (Billions of yen)      
       
      FY3/2023     FY3/2024      FY3/2025                     

Income of final tax return

before deducting operating loss carryforwards

    621.2     1,104.6     1,491.1         
Note: The figure for FY3/2025 was estimated at fiscal year closing.

 

- 15 -

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Sumitomo Mitsui Financial Group

 

 16. Capital ratio (BIS guidelines)

  (Basel III basis)

 

 Consolidated    (Billions of yen, %)

 

    

Mar. 31, 2025
[Preliminary]

                Mar. 31, 2024   
     (a)         (a) - (b)           (b)  
     
(1) Total capital ratio (4) / (7)    15.18        (0.11)         15.29    
     
(2) Tier 1 capital ratio (5) / (7)    14.23        (0.10)         14.33    
     
(3) Common equity Tier 1 capital ratio (6) / (7)    12.44        (0.47)         12.91    
     
(4) Total capital    14,144.1        (53.8)         14,197.9    
     
(5) Tier 1 capital    13,258.8        (52.7)         13,311.6    
     
(6) Common equity Tier 1 capital    11,585.1        (407.5)         11,992.6    
     
(7) Risk weighted assets    93,117.1        268.6          92,848.6    
     
(8) Required capital (7) X 8%    7,449.4        21.5          7,427.9    
     
(9) Leverage Ratio    5.01        (0.26)         5.27    
SMBC consolidated          
       
(1) Total capital ratio    16.78        0.67          16.11    
     
(2) Tier 1 capital ratio    15.32        0.52          14.80    
     
(3) Common equity Tier 1 capital ratio    12.50        0.08          12.42    
     
(4) Leverage Ratio    5.10        (0.09)         5.19    
SMBC non-consolidated          
       
(1) Total capital ratio    14.72        0.45          14.27    
     
(2) Tier 1 capital ratio    13.03        0.17          12.86    
     
(3) Common equity Tier 1 capital ratio    10.01        (0.34)         10.35    
     
(4) Leverage Ratio    4.41        (0.22)         4.63    

 17. ROE

 

         
Consolidated            (%)  
    

 

FY3/2025

 

            

 

 

 

 

FY3/2024

 

 

 

 

     (a)      (a) - (b)        (b)  
       

ROE (Tokyo Stock Exchange’s standard)

 

    8.0        1.0          7.0    
       

ROE (denominator: Total stockholders’ equity)

 

    10.8        1.6          9.2    

 Note:

 

ROE
(denominator: Total

stockholders’ equity)

  

=

   

Profit attributable to owners of parent

   X 100
   {(Total stockholders’ equity at the beginning of the period) + (Total stockholders’ equity at the end of the period)} / 2

 

- 16 -

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Sumitomo Mitsui Financial Group

 

 18. Earnings targets and dividends forecast for FY3/2026

 (1) Earnings targets

 

 Consolidated

     (Billions of yen)  
    

 

FY3/2026
 

  

 

FY3/2025

Result

 

    

Consolidated net business profit

   1,850.0     1,719.3    

Total credit cost

   (300.0)    (344.5)   

Ordinary profit

   1,800.0     1,719.5    

Profit attributable to owners of parent

   1,300.0     1,178.0    

 SMBC non-consolidated

   (Billions of yen)  
    

 

FY3/2026

 

  

 

FY3/2025

Result

 

    
Banking profit (before provision for
general reserve for possible loan losses)		   1,090.0     1,184.4    

Total credit cost

   (60.0)    (150.8)   

Ordinary profit

   1,330.0     1,488.1    

Net income

   990.0     1,068.6    

 (2) Dividends forecast

 

      
          (Yen)
   

 

FY3/2026

 

  

 

FY3/2025

       
     Interim    Annual     

Dividend per share for common stock

   68     136     122 

Note:  On October 1, 2024, the Company effected a three for one split of its common stock on the record date of September 30, 2024.

     The amount of dividend per share for common stock for FY3/2025 took into account the stock split, as well as the amounts of interim and annual dividend per share for common stock for FY3/2026 are take into account the stock split.

 

 Reference:

           (Billions of yen)
   

 

FY3/2026

 

   FY3/2025
       
     Interim   Annual     

Total dividend

   261.4     522.8     475.1 

 

- 17 -

Table of Contents

Sumitomo Mitsui Financial Group

 

Reference: Financial Statements of SMBC

1. Condensed balance sheet

 SMBC non-consolidated

           (Millions of yen)
      Mar. 31, 2025               Mar. 31, 2024
      (a)    (a) - (b)         (b)
       

Assets

                 
       

Cash and due from banks

        69,761,979          (2,899,225)           72,661,204  
       

Call loans

    4,484,770      179,267        4,305,503  
       

Receivables under resale agreements

    8,625,984      6,844,630        1,781,354  
       

Receivables under securities borrowing transactions

    1,131,736      (1,407,058)       2,538,794  
       

Monetary claims bought

    2,145,167      (224,933)       2,370,100  
       

Trading assets

    3,464,150      761,965        2,702,185  
       

Securities

    37,561,851      2,895,246        34,666,605  
       

Loans and bills discounted

    104,515,592      3,390,880        101,124,712  
       

Foreign exchanges

    2,533,415      591,561        1,941,854  
       

Other assets

    7,380,999      (1,498,251)       8,879,250  
       

Tangible fixed assets

    752,427      5,821        746,606  
       

Intangible fixed assets

    404,437      62,463        341,974  
       

Prepaid pension cost

    558,899      79,211        479,688  
       

Customers’ liabilities for acceptances and guarantees

    14,999,422      (712,938)       15,712,360  
       

Reserve for possible loan losses

    (625,538)     (102,153)       (523,385) 
       

Reserve for possible losses on investments

    (92,570)     (85,940)         (6,630) 
       

Total assets

    257,602,725      7,880,546          249,722,179  

Note: Amounts less than 1 million yen are rounded down.

 

- 18 -

Table of Contents

Sumitomo Mitsui Financial Group

 

(Millions of yen)  

     

 

Mar. 31, 2025

 

               Mar. 31, 2024
     

(a)

 

   

 

(a) - (b)

 

        

(b)

 

       

Liabilities

                 
       

Deposits

        159,731,671          6,237,234            153,494,437  
       

Negotiable certificates of deposit

    17,489,575      2,662,798        14,826,777  
       

Call money

    938,008      (90,127)       1,028,135  
       

Payables under repurchase agreements

    17,373,975      5,016,397        12,357,578  
       

Payables under securities lending transactions

    1,301,084      631,659        669,425  
       

Commercial paper

    1,824,519      275,004        1,549,515  
       

Trading liabilities

    2,540,702      717,463        1,823,239  
       

Borrowed money

    21,160,696      (3,958,565)       25,119,261  
       

Foreign exchanges

    1,815,415      (1,092,277)       2,907,692  
       

Bonds

    395,058      (77,103)       472,161  
       

Due to trust account

    1,535,723      (274,513)       1,810,236  
       

Other liabilities

    8,529,896      (897,220)       9,427,116  
       

Reserve for employee bonuses

    14,557      214        14,343  
       

Reserve for executive bonuses

    1,292      (52)       1,344  
       

Reserve for point service program

    2,163      582        1,581  
       

Reserve for reimbursement of deposits

    4,669      (3,614)       8,283  
       

Deferred tax liabilities

    132,170      (297,590)       429,760  
       

Deferred tax liabilities for land revaluation

    26,424      (892)       27,316  
       

Acceptances and guarantees

 

   

14,999,422  

 

   

(712,938) 

 

     

15,712,360  

 

         

Total liabilities

 

   

249,817,028  

 

   

8,136,460  

 

       

241,680,568  

 

       

Net assets

                 
       

Capital stock

    1,771,093      96        1,770,996  
       

Capital surplus

    1,774,651      96        1,774,554  
       

 Capital reserve

    1,771,140      96        1,771,043  
       

 Other capital surplus

    3,510      -        3,510  
       

Retained earnings

    3,835,702      339,001        3,496,700  
       

 Other retained earnings

    3,835,702      339,001        3,496,700  
       

  Voluntary reserve for retirement allowances

    1,656      -        1,656  
       

  Voluntary reserve

    219,845      -        219,845  
       

  Retained earnings brought forward

    3,614,201      339,001        3,275,199  
       

Treasury stock

    (210,003)     -        (210,003) 
       

Total stockholders’ equity

    7,171,443      339,195        6,832,248  
       

Net unrealized gains (losses) on other securities

    1,275,580      (527,730)       1,803,310  
       

Net deferred gains (losses) on hedges

    (684,434)     (65,741)       (618,692) 
       

Land revaluation excess

    23,107      (1,636)       24,744  
         

Total valuation and translation adjustments

 

   

614,253  

 

   

(595,109) 

 

     

1,209,362  

 

         

Total net assets

 

   

7,785,697  

 

   

(255,914) 

 

       

8,041,611  

 

         

Total liabilities and net assets

 

   

257,602,725  

 

   

7,880,546  

 

       

249,722,179  

 

Note: Amounts less than 1 million yen are rounded down.

 

- 19 -

Table of Contents

Sumitomo Mitsui Financial Group

 

2. Condensed income statement

SMBC non-consolidated

 

   (Millions of yen)  
      

 FY3/2025

(a)

  

 

                   FY3/2024  
       (a) - (b)          (b)  

Ordinary income

     

 

     7,105,687  

 

  

 

     

 

     755,788  

 

  

 

         

 

     6,349,899  

 

  

 

       
 Interest income      5,497,147          641,114            4,856,033    
       
  Interest on loans and discounts      3,042,252          224,787            2,817,465    
       
  Interest and dividends on securities      947,130          315,282            631,848    
       
 Trust fees      3,509          395            3,114    
       
 Fees and commissions      775,113          40,243            734,870    
       
 Trading income      178,218          163,171            15,047    
       
 Other operating income      92,270          (328,439)           420,709    
       

 Other income

 

     

 

 559,429  

 

  

 

     

 

 239,305  

 

  

 

       

 

 320,124  

 

  

 

 

Ordinary expenses

 

   

 

 

 

 

5,617,625  

 

 

 

 

   

 

 

 

 

308,197  

 

 

 

 

       

 

 

 

5,309,428  

 

 

         
 Interest expenses      3,845,857          155,833            3,690,024    
       
  Interest on deposits      1,344,939          (11,780)           1,356,719    
       
 Fees and commissions payments      229,362          24,107            205,255    
       
 Trading losses      6,023          (134,735)           140,758    
       
 Other operating expenses      208,455          99,918            108,537    
       
 General and administrative expenses      1,039,108          74,085            965,023    
       

 Other expenses

 

     

 

 288,817  

 

  

 

     

 

 88,988  

 

  

 

       

 

 199,829  

 

  

 

         

Ordinary profit

 

     

 

 1,488,062  

 

  

 

     

 

 447,591  

 

  

 

       

 

 1,040,471  

 

  

 

         
Extraordinary gains      3,034          2,025            1,009    
       

Extraordinary losses

 

     

 

 12,513  

 

  

 

     

 

 4,257  

 

  

 

       

 

 8,256  

 

  

 

         

Income before income taxes

 

     

 

 1,478,583  

 

  

 

     

 

 445,360  

 

  

 

       

 

 1,033,223  

 

  

 

         
Income taxes - current      440,708          133,795            306,913    
       

Income taxes - deferred

 

     

 

 (30,691) 

 

  

 

     

 

 5,645  

 

  

 

       

 

 (36,336) 

 

  

 

         
Total income taxes      410,016          139,440            270,576    
         

Net income

 

      1,068,566          305,920              762,646    

Note: Amounts less than 1 million yen are rounded down.

 

- 20 -

Table of Contents

Sumitomo Mitsui Financial Group

 

3. Statement of changes in net assets

SMBC non-consolidated

 

Year ended March 31, 2025                                             (Millions of yen)
            Capital surplus     Retained earnings              
                       Other retained earnings             
    

 

Capital
stock

    

 

Capital
reserve

    

 

Other capital
surplus

     Voluntary
reserve for
retirement
 allowances 		      Voluntary 
reserve		      Retained 
earnings
brought
forward		      Treasury 
stock		    

Total

stockholders’
equity

Balance

at the beginning of the period

     1,770,996        1,771,043           3,510          1,656          219,845       3,275,199       (210,003 )    6,832,248  
                 

Changes in the period

 

                                                            
                 

Issuance of new shares

 

    

 

 96 

 

  

 

    

 

 96

 

  

 

                                          

193  

 

                 

Cash dividends

 

                                            

 

 (731,201

 

 ) 

 

          

(731,201) 

 

                 

Net income

 

                                            

 

 1,068,566

 

  

 

          

1,068,566  

 

Reversal of land revaluation excess

                                             1,636             1,636  

Net changes in items other than stockholders’ equity in the period

                                                            
                 

Net changes in the period

 

    

 

 96 

 

  

 

    

 

 96

 

  

 

                            

 

 339,001

 

  

 

          

339,195  

 

Balance

at the end of the period

     1,771,093        1,771,140       3,510       1,656        219,845       3,614,201       (210,003 )    7,171,443  
            (Millions of yen )       
     Valuation and translation adjustments                         
     Net
unrealized
gains
(losses) on
other
securities		     Net deferred
gains
(losses) on
hedges		     Land
revaluation
excess		     Total
valuation
and
translation
adjustments		     Total net
assets		                  

Balance

at the beginning of the period

     1,803,310       (618,692 )      24,744       1,209,362        8,041,611        
           

Changes in the period

 

                                              
           

Issuance of new shares

 

                                    

 

 193

 

  

 

      
           

Cash dividends

 

                                    

 

 (731,201

 

 ) 

 

      
           

Net income

 

                                    

 

 1,068,566

 

  

 

      
           

Reversal of land revaluation excess

                                     1,636        

Net changes in items other than stockholders’ equity in the period

     (527,730 )      (65,741 )      (1,636 )      (595,109 )      (595,109 )       
           

Net changes in the period

 

    

 

 (527,730

 

 ) 

 

    

 

 (65,741

 

 ) 

 

    

 

 (1,636

 

 ) 

 

    

 

 (595,109

 

 ) 

 

    

 

 (255,914

 

 ) 

 

      

Balance

at the end of the period

     1,275,580       (684,434 )      23,107       614,253       7,785,697        

Note: Amounts less than 1 million yen are rounded down.

 

- 21 -