Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     

SUMITOMO MITSUI FINANCIAL GROUP, INC.

(8316)
  Report
Delayed Japan Exchange  -  10:30 2022-10-03 pm EDT
4138.00 JPY   +2.88%
06:08aCommodity trader Mercuria signs 70.5 billion yen Samurai loan facility
RE
09/30Aeon REIT to Secure $23 Million Loan
MT
09/29Sumitomo Mitsui Financial : Personnel Changes
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

President: Jun Ohta Quarterly Securities Report (Shihanki hokokusho) issuing date: August 12, 2022 Investors meeting presentation for quarterly financial results: Not scheduled - Form 6-K

07/29/2022 | 06:28am EDT

President: Jun Ohta

Quarterly Securities Report (Shihanki hokokusho) issuing date: August 12, 2022

Investors meeting presentation for quarterly financial results: Not scheduled

Note: Amounts less than one million yen have been rounded down.

1. Consolidated financial results (for the three months ended June 30, 2022)

(1) Operating results

(Millions of yen, except per share data and percentages)

Ordinary income Ordinary profit Profit attributable to
owners of parent

Three months ended June 30, 2022

¥ 1,331,703 39.9 % ¥ 349,674 21.7 % ¥ 252,439 24.2 %

Three months ended June 30, 2021

951,725 (1.9 ) 287,240 143.2 203,243 136.1
Notes: 1. Comprehensive income:
(a) for the three months ended June 30, 2022: ¥ 391,625 million [50.4%]
(b) for the three months ended June 30, 2021: ¥ 260,319 million [(25.9)%]
2. Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the same period in the previous fiscal year.
Earnings per share Earnings per share
(Diluted)

Three months ended June 30, 2022

¥ 184.14 ¥ 184.08

Three months ended June 30, 2021

148.30 148.24
(2) Financial position
(Millions of yen, except percentages)
Total assets Net assets Net assets ratio

June 30, 2022

¥ 269,691,834 ¥ 12,445,416 4.6%

March 31, 2022

257,704,625 12,197,331 4.7
Notes: 1. Stockholders' equity:
(a) as of June 30, 2022: ¥12,345,016 million (b) as of March 31, 2022: ¥12,098,215 million
2. Net assets ratio = {(Net assets - stock acquisition rights - non-controlling interests) / total assets} X 100

2. Dividends on common stock

(Yen)

Cash dividends per share
1st quarter 2nd quarter 3rd quarter 4th quarter Annual

Fiscal year ended March 31, 2022

¥ - ¥ 105.00 ¥ - ¥ 105.00 ¥ 210.00

Fiscal year ending March 31, 2023

-

Fiscal year ending March 31, 2023 (Forecast)

110.00 - 110.00 220.00
Note: Dividend forecast remains unchanged.

3. Earnings forecast on a consolidated basis (for the fiscal year ending March 31, 2023)

(Millions of yen, except per share data and percentage)

Profit attributable to owners of parent Earnings per share

Fiscal year ending March 31, 2023

¥ 730,000 3.3% ¥ 542.39
Notes: 1. Earnings forecast remains unchanged.
2. Percentage shown in profit attributable to owners of parent is the increase (decrease) from the previous fiscal year.
3. Forecasted earnings per share is calculated by dividing forecasted profit attributable to owners of parent by the number of issued common stocks (excluding treasury stocks) as of June 30, 2022. The Board of Directors resolved on November 12, 2021 to repurchase its own shares, and the number of issued common stocks (excluding treasury stocks) is taking into account the impact of repurchase of its own shares.
Table of Contents

* Notes

(1) There were no changes in material consolidated subsidiaries in the period.

(2) Special accounting methods used for preparing quarterly consolidated financial statements were adopted.

Note: For more details, see page 2 "1. Matters related to summary information (Notes)."

(3) Changes in accounting policies, changes in accounting estimates and restatements

(a) Changes in accounting policies due to application of new or revised accounting standards

: Yes

(b) Changes in accounting policies due to reasons other than above (a)

: No

(c) Changes in accounting estimates

: No

(d) Restatements

: No

Note: For more details, see page 2 "1. Matters related to summary information (Notes)."

(4) Number of shares issued (common stocks)

As of June 30, 2022

As of March 31, 2022

(a) Number of shares issued (including treasury stocks)

1,374,362,102 shares 1,374,362,102 shares

(b) Number of treasury stocks

3,466,493 shares 3,542,321 shares

Three months ended
June 30, 2022

Three months ended
June 30, 2021

(c) Average number of shares issued in the period

1,370,881,291 shares 1,370,486,421 shares

[Note on quarterly review process]

This report is out of the scope of the external auditor's review procedure.

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 Sumitomo Mitsui Financial Group, Inc. ("the Company") and its management with respect to the Company's 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 the Company's securities portfolio; incurrence of significant credit-related costs; the Company's ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; and exposure to new risks as the Company expands the scope of its business. 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. The Company undertakes no obligation to update or revise any forward-looking statements. Please refer to the Company's most recent disclosure documents such as its annual report on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as its earnings press releases, for a more detailed description of the risks and uncertainties that may affect its financial conditions, its operating results, and investors' decisions.

Table of Contents Table of Contents

Sumitomo Mitsui Financial Group, Inc.

1. Matters related to summary information (Notes)

(1)

Application of special accounting methods used for preparing quarterly consolidated financial statements

The Company and certain domestic consolidated subsidiaries calculated tax expenses by multiplying Income before income taxes by an effective tax rate that was reasonably estimated by applying tax effect accounting to estimated Income before income taxes for the fiscal year ending March 31, 2023 including the period for the three months ended June 30, 2022. Amounts of Income taxes include Income taxes-deferred.

(2)

Changes in accounting policies due to application of new or revised accounting standards

Application of Implementation Guidance on Accounting Standard for Fair Value Measurement

The Company applied "Implementation Guidance on Accounting Standard for Fair Value Measurement" (ASBJ Guidance No.31, June 17, 2021) from the beginning of the period for the three months ended June 30, 2022. In accordance with the transitional treatment set forth in Paragraph 27-2 of Implementation Guidance on Accounting Standard for Fair Value Measurement, the Company has prospectively adopted the new accounting policy set forth in Implementation Guidance on Accounting Standard for Fair Value Measurement. There are no effects on consolidated financial statements due to the application of the Implementation Guidance.

- 2 -

Table of Contents

Sumitomo Mitsui Financial Group, Inc.

2. Consolidated financial statements

(1) Consolidated balance sheets

Millions of yen
March 31, 2022 June 30, 2022

Assets:

Cash and due from banks

¥ 74,792,123 ¥ 74,646,634

Call loans and bills bought

1,965,134 2,091,072

Receivables under resale agreements

6,035,507 5,231,799

Receivables under securities borrowing transactions

5,649,632 4,777,896

Monetary claims bought

5,370,377 5,760,257

Trading assets

7,351,878 8,297,478

Money held in trust

310 6,810

Securities

38,538,724 39,347,789

Loans and bills discounted

90,834,056 96,688,452

Foreign exchanges

2,812,104 4,448,520

Lease receivables and investment assets

228,608 226,746

Other assets

10,175,873 12,657,021

Tangible fixed assets

1,457,254 1,493,839

Intangible fixed assets

898,817 920,660

Net defined benefit asset

623,045 634,325

Deferred tax assets

66,720 75,710

Customers' liabilities for acceptances and guarantees

11,722,239 13,098,225

Reserve for possible loan losses

(817,784) (711,407)

Total assets

¥ 257,704,625 ¥ 269,691,834

Liabilities:

Deposits

¥ 148,585,460 ¥ 153,172,245

Negotiable certificates of deposit

13,069,796 13,792,741

Call money and bills sold

1,129,999 1,018,146

Payables under repurchase agreements

19,359,965 19,045,789

Payables under securities lending transactions

1,580,580 1,388,565

Commercial paper

1,866,366 1,992,918

Trading liabilities

6,377,968 7,119,225

Borrowed money

18,877,990 17,951,970

Foreign exchanges

1,216,893 1,859,257

Short-term bonds

442,000 433,500

Bonds

9,808,107 10,543,167

Due to trust account

2,443,873 2,395,740

Other liabilities

8,415,621 13,006,313

Reserve for employee bonuses

89,894 31,915

Reserve for executive bonuses

4,064 -

Net defined benefit liability

40,864 40,569

Reserve for executive retirement benefits

1,087 923

Reserve for point service program

25,000 26,360

Reserve for reimbursement of deposits

5,767 4,254

Reserve for losses on interest repayment

135,084 126,586

Reserves under the special laws

3,902 3,902

Deferred tax liabilities

275,570 164,908

Deferred tax liabilities for land revaluation

29,193 29,192

Acceptances and guarantees

11,722,239 13,098,225

Total liabilities

245,507,293 257,246,417

Net assets:

Capital stock

2,341,878 2,341,878

Capital surplus

693,664 693,809

Retained earnings

6,916,468 7,024,916

Treasury stock

(13,402) (13,116)

Total stockholders' equity

9,938,608 10,047,488

Net unrealized gains (losses) on other securities

1,632,080 1,264,690

Net deferred gains (losses) on hedges

(80,061) 1,394

Land revaluation excess

36,320 36,324

Foreign currency translation adjustments

450,143 879,507

Accumulated remeasurements of defined benefit plans

121,123 115,611

Total accumulated other comprehensive income

2,159,606 2,297,528

Stock acquisition rights

1,475 1,226

Non-controlling interests

97,641 99,173

Total net assets

12,197,331 12,445,416

Total liabilities and net assets

¥ 257,704,625 ¥ 269,691,834

- 3 -

Table of Contents

Sumitomo Mitsui Financial Group, Inc.

(2) Consolidated statements of income and consolidated statements of comprehensive income

(Consolidated statements of income)

Millions of yen
Three months ended June 30 2021 2022

Ordinary income

¥ 951,725 ¥ 1,331,703

Interest income

442,051 637,403

Interest on loans and discounts

321,811 441,177

Interest and dividends on securities

74,476 108,984

Trust fees

1,237 1,478

Fees and commissions

327,317 336,330

Trading income

67,364 4,543

Other operating income

34,369 255,237

Other income

79,386 96,710

Ordinary expenses

664,484 982,028

Interest expenses

87,808 205,653

Interest on deposits

20,749 63,559

Fees and commissions payments

54,712 56,222

Trading losses

1,582 90,643

Other operating expenses

36,457 85,556

General and administrative expenses

437,980 484,021

Other expenses

45,943 59,932

Ordinary profit

287,240 349,674

Extraordinary gains

16 10

Extraordinary losses

2,445 998

Income before income taxes

284,812 348,686

Income taxes

79,973 93,962

Profit

204,838 254,724

Profit attributable to non-controlling interests

1,595 2,284

Profit attributable to owners of parent

¥ 203,243 ¥ 252,439

(Consolidated statements of comprehensive income)

Millions of yen
Three months ended June 30 2021 2022

Profit

¥ 204,838 ¥ 254,724

Other comprehensive income (losses)

55,480 136,901

Net unrealized gains (losses) on other securities

14,503 (365,102)

Net deferred gains (losses) on hedges

1,606 71,230

Foreign currency translation adjustments

26,720 393,295

Remeasurements of defined benefit plans

(4,329) (5,525)

Share of other comprehensive income of affiliates

16,979 43,003

Total comprehensive income

260,319 391,625

Comprehensive income attributable to owners of parent

258,184 390,357

Comprehensive income attributable to non-controlling interests

2,135 1,268

(3) Note on going concern

Not applicable.

(4) Material changes in stockholders' equity

Not applicable.

- 4 -

Table of Contents

Sumitomo Mitsui Financial Group

Financial results

for the three months

ended June 30, 2022

- Supplementary information -

Table of contents

1.

Operating results Consolidated Non-consolidated 1

2.

Interest spread (domestic) Non-consolidated 3

3.

Non-performing loans (NPLs) based on
the Banking Act and the Reconstruction Act
Consolidated Non-consolidated 3

4.

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

5.

Deposits and loans Non-consolidated 5

6.

ROE Consolidated 5

Notes

1. Consolidated : Consolidated figures of Sumitomo Mitsui Financial Group, Inc.

2. Non-consolidated : Non-consolidated figures of Sumitomo Mitsui Banking Corporation ("SMBC")

3. Capital ratio as of June 30, 2022 will be announced when it is fixed.

Table of Contents

Sumitomo Mitsui Financial Group

1. Operating results

Consolidated

(Millions of yen)

Three months
ended
June 30, 2022 (A)
Change
(A) - (B)
Three months
ended
June 30, 2021 (B)
Consolidated gross profit 1 796,917 105,139 691,778

Net interest income

2 431,750 77,508 354,242

Trust fees

3 1,478 241 1,237

Net fees and commissions

4 280,107 7,503 272,604

Net trading income

5 (86,099) (151,880) 65,781

Net other operating income

6 169,681 171,768 (2,087)
General and administrative expenses 7 (484,021) (46,041) (437,980)
Equity in gains (losses) of affiliates 8 32,712 19,437 13,275
Consolidated net business profit 9 345,609 78,536 267,073
Total credit cost 10 (32,101) (21,764) (10,337)

Credit costs

11 (35,839) (6,269) (29,570)

Write-off of loans

12 (26,898) (732) (26,166)

Provision for reserve for possible loan losses

13 (2,285) (2,285) -

Others

14 (6,654) (3,250) (3,404)
Gains on reversal of reserve for possible loan losses 15 - (10,477) 10,477

Recoveries of written-off claims

16 3,737 (5,019) 8,756
Gains (losses) on stocks 17 36,835 (3,526) 40,361
Other income (expenses) 18 (669) 9,188 (9,857)
Ordinary profit 19 349,674 62,434 287,240
Extraordinary gains (losses) 20 (987) 1,441 (2,428)

Gains (losses) on disposal of fixed assets

21 (358) 252 (610)

Losses on impairment of fixed assets

22 (629) 1,161 (1,790)
Income before income taxes 23 348,686 63,874 284,812
Income taxes 24 (93,962) (13,989) (79,973)
Profit 25 254,724 49,886 204,838
Profit attributable to non-controlling interests 26 (2,284) (689) (1,595)
Profit attributable to owners of parent 27 252,439 49,196 203,243

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)

3.   Amounts of Income taxes include Income taxes-deferred.

Number of consolidated subsidiaries and affiliates

June 30, 2022 March 31, 2022
Change
Consolidated subsidiaries 28 183 2 181
Equity method affiliates 29 114 2 112

- 1 -

Table of Contents

Sumitomo Mitsui Financial Group

SMBC non-consolidated (Millions of yen)
Three months
ended
June 30, 2022 (A)
Change
(A) - (B)
Three months
ended
June 30, 2021 (B)
Gross banking profit 1 471,536 122,781 348,755

Net interest income

2 329,030 93,084 235,946

Trust fees

3 512 31 481

Net fees and commissions

4 103,712 22,690 81,022

Net trading income

5 (135,071) (158,619) 23,548

Net other operating income

6 173,352 165,597 7,755

Gains (losses) on bonds

7 (33,117) (43,270) 10,153
Expenses (excluding non-recurring losses) 8 (221,696) (13,897) (207,799)

Personnel expenses

9 (96,375) (14,128) (82,247)

Non-personnel expenses

10 (109,987) 991 (110,978)

Taxes

11 (15,333) (760) (14,573)
Banking profit (before provision for general reserve for possible loan losses) 12 249,839 108,883 140,956
Gains (losses) on bonds 13 (33,117) (43,270) 10,153

Core banking profit (12-13)

14 282,957 152,155 130,802

excluding gains (losses) on cancellation of investment trusts

15 253,733 141,500 112,233
Provision for general reserve for possible loan losses 16 13,587 13,587 -
Banking profit 17 263,426 122,470 140,956
Non-recurring gains (losses) 18 16,213 (17,026) 33,239

Credit costs

19 (34,522) (32,097) (2,425)

Gains on reversal of reserve for possible loan losses

20 - (11,250) 11,250

Recoveries of written-off claims

21 17 (5,128) 5,145

Gains (losses) on stocks

22 29,560 (9,219) 38,779

Gains on sales of stocks

23 47,527 6,839 40,688

Losses on sales of stocks

24 (14,029) (13,711) (318)

Losses on devaluation of stocks

25 (3,937) (2,347) (1,590)

Other non-recurring gains (losses)

26 21,158 40,668 (19,510)
Ordinary profit 27 279,640 105,445 174,195
Extraordinary gains (losses) 28 (405) 1,804 (2,209)

Gains (losses) on disposal of fixed assets

29 (220) 279 (499)

Losses on impairment of fixed assets

30 (185) 1,525 (1,710)
Income before income taxes 31 279,234 107,248 171,986
Income taxes 32 (70,310) (14,846) (55,464)
Net income 33 208,924 92,403 116,521
Total credit cost (16+19+20+21) 34 (20,918) (34,888) 13,970

Provision for general reserve for possible loan losses

35 13,587 8,942 4,645

Write-off of loans

36 (3,902) (3,892) (10)

Provision for specific reserve for possible loan losses

37 (29,568) (36,176) 6,608

Losses on sales of delinquent loans

38 (623) 1,792 (2,415)

Provision for loan loss reserve for specific overseas countries

39 (428) (426) (2)

Recoveries of written-off claims

40 17 (5,128) 5,145
Notes: 1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
2. Amounts of Income taxes include Income taxes-deferred.

- 2 -

Table of Contents

Sumitomo Mitsui Financial Group

2. Interest spread (domestic)

SMBC non-consolidated

(%)

Three months

ended
June 30, 2022 (A)

Three months
ended
June 30, 2021 (B)

Change
(A) - (B)

Interest earned on loans and bills discounted (a)

0.83 (0.02) 0.85
Interest paid on deposits, etc. (b) 0.00 (0.00) 0.00
Interest spread (a) - (b) 0.83 (0.02) 0.85
Reference: After excluding loans to the Japanese government, etc.

Interest earned on loans and bills discounted (c)

0.85 (0.01) 0.86
Interest spread (c) - (b) 0.85 (0.01) 0.86

3. Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act

Consolidated

(Billions of yen)

June 30, 2022 March 31, 2022
Change from March 31, 2022

Bankrupt and quasi-bankrupt loans

1 145.0 45.7 99.3

Doubtful loans

2 532.1 (111.8) 643.9

Substandard loans

3 395.4 (19.0) 414.4

Past due loans (3 months or more)

4 15.3 1.8 13.5

Restructured loans

5 380.1 (20.7) 400.9

Total (A)

6 1,072.6 (85.0) 1,157.6

Normal assets

7 115,119.4 9,099.9 106,019.5

Grand total (B)

8 116,191.9 9,014.9 107,177.0

(%)

NPL ratio (A/B)

9 0.92 (0.16) 1.08

Amount of direct reduction

299.9 140.7 159.3

SMBC non-consolidated

(Billions of yen)

June 30, 2022 March 31, 2022
Change from March 31, 2022

Bankrupt and quasi-bankrupt loans

10 127.3 48.2 79.2

Doubtful loans

11 408.1 (114.2) 522.3

Substandard loans

12 182.4 (21.4) 203.8

Past due loans (3 months or more)

13 4.8 0.6 4.2

Restructured loans

14 177.6 (22.1) 199.7

Total (A)

15 717.8 (87.5) 805.3

Normal assets

16 111,861.8 8,538.3 103,323.5

Grand total (B)

17 112,579.6 8,450.8 104,128.8

(%)

NPL ratio (A/B)

18 0.64 (0.13) 0.77

Amount of direct reduction

255.8 140.6 115.2

- 3 -

Table of Contents

Sumitomo Mitsui Financial Group

4. Unrealized gains (losses) on securities

Consolidated

(Billions of yen)

June 30, 2022 March 31, 2022
Balance sheet amount Net unrealized gains (losses)
Balance sheet
amount

Net unrealized gains (losses)

Change from March 31, 2022

Gains Losses
Held-to-maturity securities 1 40.9 (0.4) (0.2) 0.0 0.4 25.7 (0.2)
Other securities 2 38,805.7 1,747.7 (529.5) 2,659.5 911.8 38,114.9 2,277.2
Stocks 3 3,275.4 1,908.5 (125.1) 1,932.2 23.7 3,403.4 2,033.7
Bonds 4 19,664.3 (66.8) (16.8) 15.6 82.5 19,560.3 (50.1)
Japanese government bonds 5 15,779.2 (52.7) (5.6) 1.2 53.9 15,774.2 (47.1)

Others

6 15,866.0 (94.0) (387.6) 711.6 805.6 15,151.2 293.6
Foreign bonds 7 13,297.4 (729.6) (280.8) 33.8 763.4 12,055.6 (448.8)
Other money held in trust 8 0.3 - - - - 0.3 -
Total 9 38,846.9 1,747.3 (529.7) 2,659.5 912.2 38,141.0 2,277.0
Stocks 10 3,275.4 1,908.5 (125.1) 1,932.2 23.7 3,403.4 2,033.7
Bonds 11 19,705.2 (67.2) (16.9) 15.6 82.8 19,586.1 (50.3)
Others 12 15,866.3 (94.0) (387.6) 711.6 805.6 15,151.5 293.6
SMBC non-consolidated

(Billions of yen)

June 30, 2022 March 31, 2022
Balance sheet amount Net unrealized gains (losses)
Balance sheet
amount

Net unrealized gains (losses)

Change from March 31, 2022

Gains Losses
Held-to-maturity securities 13 22.3 (0.3) (0.1) - 0.3 22.3 (0.2)
Stocks of subsidiaries and affiliates 14 4,680.4 12.5 (1.9) 12.6 0.1 4,649.7 14.5

Other securities

15 34,863.4 1,303.1 (479.3) 2,130.0 826.9 34,290.5 1,782.4
Stocks 16 3,070.2 1,843.4 (118.6) 1,864.7 21.3 3,202.2 1,961.9

Bonds

17 19,780.5 (65.8) (16.4) 15.6 81.4 19,625.2 (49.4)
Japanese government bonds 18 15,779.2 (52.7) (5.6) 1.2 53.9 15,769.2 (47.1)

Others

19 12,012.7 (474.4) (344.3) 249.6 724.1 11,463.1 (130.1)
Foreign bonds 20 10,041.9 (653.3) (250.2) 29.0 682.3 8,970.5 (403.1)
Total 21 39,566.1 1,315.3 (481.4) 2,142.6 827.3 38,962.5 1,796.6
Stocks 22 3,535.5 1,844.0 (118.5) 1,865.4 21.3 3,665.5 1,962.5
Bonds 23 19,802.8 (66.2) (16.5) 15.6 81.8 19,647.5 (49.7)
Others 24 16,227.7 (462.6) (346.3) 261.6 724.2 15,649.5 (116.2)
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. The net unrealized gains (losses) are measured based on market prices of the securities 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.

Net unrealized gains (losses) on Other securities include gains (losses) which are recognized in the statements of income by applying fair value hedge accounting and accordingly not recorded directly to Net assets. Losses of 17 million yen and gains of 2,122 million yen were recognized in the statements of income for the three months ended June 30, 2022 and for the year ended March 31, 2022 respectively.

- 4 -

Table of Contents

Sumitomo Mitsui Financial Group

5. Deposits and loans

SMBC non-consolidated (Billions of yen)
June 30, 2022 March 31, 2022

Change from

March 31, 2022

Domestic deposits

120,119.6 1,416.3 118,703.4

Individual

57,168.7 1,046.6 56,122.1

Note : The figures above exclude negotiable certificates of deposit and Japan offshore banking accounts.

Loans and bills discounted

92,372.5 4,701.2 87,671.3
Domestic offices (excluding offshore banking accounts) 58,340.6 360.8 57,979.7
Overseas offices and offshore banking accounts 34,031.9 4,340.4 29,691.6

6. ROE

Consolidated (%)

Three months ended

June 30, 2022

Three months ended

June 30, 2021

Change
ROE (denominator: Total stockholders' equity) 10.1 1.6 8.5

Note:

(Profit attributable to owners of parent) X (Number of days in a year (365 days)) /

ROE

=

(Number of days in the period (91 days)) X 100
{(Total stockholders' equity at the beginning of the period) + (Total stockholders' equity at the end of the period)} / 2

- 5 -

Disclaimer

Sumitomo Mitsui Financial Group Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 10:27:06 UTC.


© Publicnow 2022
All news about SUMITOMO MITSUI FINANCIAL GROUP, INC.
06:08aCommodity trader Mercuria signs 70.5 billion yen Samurai loan facility
RE
09/30Aeon REIT to Secure $23 Million Loan
MT
09/29Sumitomo Mitsui Financial : Personnel Changes
PU
09/29Comforia Residential Fixes Interest Rate on $22 Million Loan
MT
09/29Activia Properties Signs $62 Million Commitment Line Agreement
MT
09/29Nippon Accommodations to Refinance $14 Million Borrowing
MT
09/29Japan Metropolitan Fund Sets Interest Rates on Planned $35 Million Borrowings
MT
09/29Industrial & Infrastructure Fund Fixes Interest on $26 Million Loans
MT
09/29Hankyu Hanshin Sets Interest on $49 Million of Loans
MT
09/29Mori Trust Lands $7 Million Refinancing
MT
More news
Analyst Recommendations on SUMITOMO MITSUI FINANCIAL GROUP, INC.
More recommendations
Financials
Sales 2023 3 172 B 21 976 M 21 976 M
Net income 2023 749 B 5 187 M 5 187 M
Net Debt 2023 - - -
P/E ratio 2023 7,28x
Yield 2023 5,41%
Capitalization 5 515 B 38 214 M 38 214 M
Capi. / Sales 2023 1,74x
Capi. / Sales 2024 1,69x
Nbr of Employees 101 000
Free-Float 92,8%
Chart SUMITOMO MITSUI FINANCIAL GROUP, INC.
Duration : Period :
Sumitomo Mitsui Financial Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUMITOMO MITSUI FINANCIAL GROUP, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 4 022,00 JPY
Average target price 5 232,73 JPY
Spread / Average Target 30,1%
EPS Revisions
Managers and Directors
Jun Ohta Executive President, CEO & Representative Director
Toru Nakashima Planning Manager
Takeshi Kunibe Chairman
Shoji Masuda Executive Officer
Tetsuro Imaeda Group Chief Compliance Officer