SMFG posted a profit of 39.82 billion yen ($294.85 million)in the three months through March, compared with 81.84 billion yen in the year-ago period, according to Reuters calculations based on the bank's filing.

The banking group expects 820 billion yen in net income for the current business year, compared to the average 842.50 billion yen forecast by 14 analysts.

($1 = 135.0500 yen)

(Reporting by Makiko Yamazaki; Editing by Kim Coghill)