Sumitomo Mitsui Financial : Consolidated Financial Statements(Full Year)(Excerpt from Securities Report) (2,835KB)

SUMITOMO MITSUI FINANCIAL GROUP

Consolidated Financial Statements

as of and for the year ended March 31, 2022

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.

CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEETS

											Millions of
				Millions of yen				U.S. dollars
March 31		2021		2022			2022
Assets:
Cash and due from banks	*5	¥	72,568,875	*5 ¥	74,792,123	$	610,997
Call loans and bills bought			2,553,463				1,965,134			16,054
Receivables under resale agreements			5,565,119				6,035,507			49,306
Receivables under securities borrowing
transactions			5,827,448				5,649,632			46,153
Monetary claims bought			4,665,244				5,370,377			43,872
Trading assets	*2, *5		6,609,195	*2, *5		7,351,878			60,059
Money held in trust			309				310			3
Securities	*1, *2, *3, *5,		36,549,043	*1, *2, *3, *5,		38,538,724			314,833
*13		*13
Loans and bills discounted	*3, *4, *5, *6		85,132,738	*3, *4, *5, *6		90,834,056			742,048
Foreign exchanges	*3, *4		2,173,189	*3, *4		2,812,104			22,973
Lease receivables and investment assets			236,392				228,608			1,868
Other assets	*3, *5		8,590,785	*3, *5		10,175,873			83,129
Tangible fixed assets	*7, *8, *9		1,458,991	*7, *8, *9		1,457,254			11,905
Assets for rent			465,147				456,108			3,726
Buildings			370,531				357,930			2,924
Land			457,920				449,380			3,671
Lease assets			23,589				24,018			196
Construction in progress			17,394				26,991			221
Other tangible fixed assets			124,408				142,824			1,167
Intangible fixed assets			738,759				898,817			7,343
Software			475,360				460,468			3,762
Goodwill			147,508				320,640			2,619
Lease assets			769				584			5
Other intangible fixed assets			115,120				117,123			957
Net defined benefit asset			565,534				623,045			5,090
Deferred tax assets			29,840				66,720			545
Customers' liabilities for acceptances and
guarantees	*3		9,978,396	*3		11,722,239			95,762
Reserve for possible loan losses			(659,017)				(817,784)			(6,681)
Total assets		¥	242,584,308	¥	257,704,625	$	2,105,258

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(Continued)

											Millions of
				Millions of yen				U.S. dollars
March 31		2021		2022			2022
Liabilities and net assets:
Liabilities:
Deposits	*5 ¥	142,026,156	*5 ¥	148,585,460	$	1,213,834
Negotiable certificates of deposit			12,570,617				13,069,796			106,771
Call money and bills sold			1,368,515				1,129,999			9,231
Payables under repurchase agreements	*5		15,921,103	*5		19,359,965			158,157
Payables under securities lending
transactions	*5		2,421,353	*5		1,580,580			12,912
Commercial paper			1,686,404				1,866,366			15,247
Trading liabilities			5,357,649				6,377,968			52,103
Borrowed money	*5, *10		17,679,690	*5, *10		18,877,990			154,219
Foreign exchanges			1,113,037				1,216,893			9,941
Short-term bonds			585,000				442,000			3,611
Bonds	*11		9,043,031	*11		9,808,107			80,125
Due to trust account	*5, *12		2,321,223	*5, *12		2,443,873			19,965
Other liabilities			7,741,638				8,415,621			68,749
Reserve for employee bonuses			89,522				89,894			734
Reserve for executive bonuses			4,408				4,064			33
Net defined benefit liability			35,334				40,864			334
Reserve for executive retirement benefits			1,081				1,087			9
Reserve for point service program			24,655				25,000			204
Reserve for reimbursement of deposits			9,982				5,767			47
Reserve for losses on interest repayment			140,758				135,084			1,104
Reserves under the special laws			3,902				3,902			32
Deferred tax liabilities			532,193				275,570			2,251
Deferred tax liabilities for land revaluation	*7		29,603	*7		29,193			238
Acceptances and guarantees	*5		9,978,396				11,722,239			95,762
Total liabilities			230,685,262				245,507,293			2,005,615
Net assets:
Capital stock			2,341,274				2,341,878			19,131
Capital surplus			693,205				693,664			5,667
Retained earnings			6,492,586				6,916,468			56,502
Treasury stock			(13,698)				(13,402)			(109)
Total stockholders' equity			9,513,367				9,938,608			81,191
Net unrealized gains (losses) on other
securities			2,094,605				1,632,080			13,333
Net deferred gains (losses) on hedges			14,723				(80,061)			(654)
Land revaluation excess	*7		36,251	*7		36,320			297
Foreign currency translation adjustments			40,390				450,143			3,677
Accumulated remeasurements of defined
benefit plans			127,080				121,123			989
Total accumulated other comprehensive
income			2,313,051				2,159,606			17,642
Stock acquisition rights			1,791				1,475			12
Non-controlling interests			70,836				97,641			798
Total net assets			11,899,046				12,197,331			99,643
Total liabilities and net assets	¥	242,584,308	¥	257,704,625	$	2,105,258

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CONSOLIDATED STATEMENTS OF INCOME

											Millions of
				Millions of yen			U.S. dollars
Year ended March 31				2021				2022			2022
Ordinary income	¥	3,902,307	¥	4,111,127	$	33,585
Interest income			1,853,039				1,907,991			15,587
Interest on loans and discounts			1,367,726				1,367,464			11,171
Interest and dividends on securities			283,786				347,883			2,842
Interest on call loans and bills bought			11,896				15,563			127
Interest on receivables under resale agreements			10,056				6,166			50
Interest on receivables under securities borrowing transactions			4,407				1,068			9
Interest on deposits with banks			17,891				21,334			174
Interest on lease transactions			6,540				6,932			57
Interest on deferred payment			24,712				23,259			190
Other interest income			126,021				118,317			967
Trust fees			4,895				5,940			49
Fees and commissions			1,298,373				1,414,867			11,558
Trading income			199,647				101,293			827
Other operating income			365,761				369,898			3,022
Lease-related income			32,155				33,647			275
Other			333,606				336,250			2,747
Other income			180,589				311,136			2,542
Recoveries of written-off claims			12,850				13,552			111
Other	*1		167,739	*1		297,583			2,431
Ordinary expenses			3,191,288				3,070,505			25,084
Interest expenses			517,822				380,007			3,104
Interest on deposits			152,094				90,110			736
Interest on negotiable certificates of deposit			35,876				21,467			175
Interest on call money and bills sold			1,786				1,412			12
Interest on payables under repurchase agreements			7,097				5,872			48
Interest on payables under securities lending transactions			203				357			3
Interest on commercial paper			6,029				2,359			19
Interest on borrowed money			37,667				25,667			210
Interest on short-term bonds			63				10			0
Interest on bonds			204,509				212,920			1,739
Other interest expenses			72,492				19,829			162
Fees and commissions payments			204,352				215,332			1,759
Trading losses			―				130			1
Other operating expenses			193,354				259,015			2,116
Lease-related expenses			23,419				24,989			204
Other			169,935				234,026			1,912
General and administrative expenses	*2		1,747,144	*2		1,821,125			14,877
Other expenses			528,613				394,893			3,226
Provision for reserve for possible loan losses			233,875				180,004			1,471
Other	*3		294,737	*3		214,889			1,755
Ordinary profit			711,018				1,040,621			8,501

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(Continued)

											Millions of
				Millions of yen			U.S. dollars
Year ended March 31				2021				2022			2022
Extraordinary gains	¥	9,440	¥	1,707	$	14
Gains on disposal of fixed assets			9,035				1,707			14
Reversal of reserve for eventual future operating losses from
financial instruments transactions			―				0			0
Other extraordinary gains			404				―			―
Extraordinary losses			48,222				112,740			921
Losses on disposal of fixed assets			4,939				3,820			31
Losses on impairment of fixed assets	*4		42,525	*4		108,920			890
Provision for reserve for eventual future operating losses from
financial instruments transactions			757				―			―
Income before income taxes			672,237				929,588			7,594
Income taxes-current			225,523				241,259			1,971
Income taxes-deferred			(69,177)				(26,724)			(218)
Income taxes			156,346				214,535			1,753
Profit			515,890				715,052			5,841
Profit attributable to non-controlling interests			3,077				8,421			69
Profit attributable to owners of parent	¥	512,812	¥	706,631	$	5,773

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