Sumitomo Mitsui Financial : Finnancial Results FY 3/2021 Supplementary Information

Sumitomo Mitsui Financial Group

1. Income analysis

Consolidated				(Millions of yen)
		FY3/2021	Change	FY3/2020
Consolidated gross profit	1	2,806,187	37,600	2,768,587
Net interest income	2	1,335,216	28,288	1,306,928
Trust fees	3	4,895	194	4,701
Net fees and commissions	4	1,094,021	10,671	1,083,350
Net trading income	5	199,647	(63,179)	262,826
Net other operating income	6	172,406	61,627	110,779
General and administrative expenses	7	(1,747,144)	(7,541)	(1,739,603)
Equity in gains (losses) of affiliates	8	24,972	(31,079)	56,051
Consolidated net business profit	9	1,084,015	(1,019)	1,085,034
Total credit cost	10	(360,520)	(189,871)	(170,649)
Credit costs	11	(373,371)	(190,307)	(183,064)
Write-off of loans	12	(117,415)	(12,108)	(105,307)
Provision for reserve for possible loan losses	13	(233,875)	(163,304)	(70,571)
Others	14	(22,080)	(14,894)	(7,186)
Recoveries of written-off claims	15	12,850	436	12,414
Gains (losses) on stocks	16	92,556	12,072	80,484
Other income (expenses)	17	(105,032)	(42,228)	(62,804)
Ordinary profit	18	711,018	(221,046)	932,064
Extraordinary gains (losses)	19	(38,781)	4,637	(43,418)
Gains (losses) on disposal of fixed assets	20	4,096	4,150	(54)
Losses on impairment of fixed assets	21	(42,525)	22,581	(65,106)
Gains on step acquisitions	22	404	(21,636)	22,040
Income before income taxes	23	672,237	(216,409)	888,646
Income taxes - current	24	(225,523)	(11,997)	(213,526)
Income taxes - deferred	25	69,177	23,335	45,842
Profit	26	515,890	(205,072)	720,962
Profit attributable to non-controlling interests	27	(3,077)	14,001	(17,078)
Profit attributable to owners of parent	28	512,812	(191,071)	703,883

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

1. 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)
2. The Company changed the recognition of installment-sales-related income and installment-sales-related expenses from the fiscal year ended March 31, 2021 and the change in accounting policies is applied retroactively for the year ended March 31, 2020.
   As a result, comparing before and after the retroactive application, Net interest income increased by 30,335 million yen, and Net other operating income decreased by 30,335 million yen.

Number of consolidated subsidiaries and affiliates

		Mar. 31, 2021	Change	Mar. 31, 2020
Consolidated subsidiaries	29	177	3	174
Equity method affiliates	30	98	(3)	101

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