Sumitomo Mitsui Financial Group, Inc.

8316

JP3890350006

Banks

Delayed Japan Exchange Other stock markets 02:34:43 2024-04-19 am EDT			5-day change	1st Jan Change
8,536 ^JPY	-0.89%		-4.75%	+24.07%

Apr. 17	Daiwa House REIT Investment Secures 5 Billion Yen Loan from Major Banks to Repay Debts	MT
Apr. 17	ACEN Secures $150 Million Green Term Loan from Sumitomo Mitsui Banking	MT

Sumitomo Mitsui Financial : Presentation Material (2,424KB)

June 29, 2021 at 03:35 am EDT

SMBC Group

IR Day

June 23, 2021

Agenda

Opening

Group CEO

Jun Ohta

P3 Retail

Senior Managing Executive Officer

Takashi Yamashita

P12 Wholesale

Senior Managing Executive Officer

Muneo Kanamaru

P20 Global Business Senior Managing Executive Officer

Ryuji Nishisaki

P26 Global Markets	Senior Managing Executive Officer	Masamichi Koike

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Retail

Takashi Yamashita,

Senior Managing Executive Officer

Progress of Medium-Term Management Plan

Financial Target

Net business	ROCET1	RWA
		profit

		FY3/23	FY3/23	In 3 years
JPY 305 bn	12%	+ JPY 0.4 tn
		Vs. FY3/20		Previous plan
	+ JPY 35 bn		JPY (0.3) tn
	KPI



			FY3/21	YoY	FY3/23

Balance of	JPY 16.7 tn	+ JPY 3.1 tn	JPY 18 tn
fee-based AUM


Credit card sales handled	JPY 20.8 tn	+ JPY 0.4 tn	JPY 31 tn

Balance of card loans	JPY 1.7 tn	JPY (0.1) tn	JPY 1.9 tn

# of digital channel users	7.3 mn	-	8 mn

		Utilization rate	42%	-	45%

Cost reduction from retail	JPY (7) bn	-	JPY (25) bn
branch reorganization

FY3/21 result

	(JPY bn)	FY3/21	YoY


	Gross profit	1,127.4	(48.7)

	Expenses	910.4	(24.1)

	(Overhead ratio)	80.8%	+1.3%

Net business profit	219.2	(24.4)


ROCET1	9.4%	+1.6%

RWA (JPY tn)	12.3	+0.1

	Key initiatives
Wealth	◼ Increase sales by capturing market growth

management ◼	Reform business model to enhance HNWI approach
	◼ Expand business with new products / services
Payment
		(e.g. numberless credit card)


Consumer	◼ Continue new initiatives including digital investment
finance

New	◼ Launched SMBC Elder Program (Apr.21)
business

Copyright © 2021 Sumitomo Mitsui Financial Group.	4
All Rights Reserved.

Roadmap to 2022

Outline

		Business environment	Growth beyond market average

Severe market environment
●NIRP / capital surplus ●thin margin ●severe competition	Group base cost reduction
Growth opportunities in low-growth domestic market	Competitive products / services
●Savings to asset building ●100-Year life era ●Digital & cashless
Enhance digitalization
	KPI

Balance of fee-based AUM

(JPY tn) ストック収益資産残高

In 3 years

+ JPY 4 tn

FY3/20

FY3/21

FY3/22

FY3/23

Credit card sales handled

買物取扱高

(JPY tn)

In 3 years

+ JPY 10 tn

FY3/20

FY3/21

FY3/22

FY3/23

Card loan balance
(JPY tn)	カードローン残高	In 3years
	COVID-19		+ JPY 100 bn
2.0	impact

1.5	YoY
JPY (120) bn
0
FY3/20	FY3/21	FY3/22	FY3/23

Cost reduction of	FY3/23
retail branch reorganization
JPY (25) bn

Copyright © 2021 Sumitomo Mitsui Financial Group.	5
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Sumitomo Mitsui Financial Group Inc. published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 07:34:10 UTC.

Latest news about Sumitomo Mitsui Financial Group, Inc.

Daiwa House REIT Investment Secures 5 Billion Yen Loan from Major Banks to Repay Debts	Apr. 17	MT
ACEN Secures $150 Million Green Term Loan from Sumitomo Mitsui Banking	Apr. 17	MT
Bain proposes IPO of Japan's Kioxia to clear way for $5.8 bln loan refinance, source says	Apr. 16	RE
Star Asia Investment Secures 8 Billion Yen Loan to Repay Debt	Apr. 14	MT
Climate investors target Japan's top banks, this time on board oversight, sources say	Apr. 14	RE
Adani Green Energy in Talks to Borrow $400 Million Offshore Loan	Apr. 10	MT
Nippon Building Fund to Borrow 2 Billion Yen to Refinance Short-Term Debt	Apr. 09	MT
UBS, Sumitomo Mitsui's Joint Venture in Japan to Acquire Credit Suisse Wealth Management Business	Apr. 08	MT
UBS Joint Venture to Acquire Credit Suisse Japan Wealth Management Business	Apr. 08	DJ
UBS, Sumitomo Mitsui Trust JV to Purchase Credit Suisse's Wealth Business in Japan	Apr. 08	MT
Mori Trust REIT to Borrow Funds to Repay Loan	Apr. 05	MT
Jefferies and Japan's Sumitomo expand alliance into Canada	Apr. 04	RE
Japan's small and mid-cap stocks focus of new actively managed ETF	Apr. 04	RE
Jefferies Financial Group Inc. and SMBC Group Expand Strategic Alliance to Canada	Apr. 04	CI
Supermarket Income REIT increases credit facility to GBP104.5 million	Apr. 03	AN
Supermarket Income REIT Boosts Unsecured Facility with Sumitomo Mitsui Banking	Apr. 03	MT
Facilities To Trafigura Secures LNG Supply For Japanese Utility Company	Apr. 02	RE
Japanese banks less reluctant to finance hostile takeovers, lobby chief says	Mar. 31	RE
Japanese banks less reluctant to finance hostile takeovers, lobby chief says	Mar. 31	RE
Daiwa House REIT Investment Fixes Rate for 3 Billion Yen Loan	Mar. 29	MT
Japan Logistics Fund Concludes Interest Rate Swap Deal on 1 Billion Yen Loan	Mar. 28	MT
NTT UD REIT Investment Fixes Interest Rate for 2.5 Billion Yen Loan	Mar. 28	MT
Industrial & Infrastructure Fund Investment Fixes Interest Rates on 2.5 Billion Yen Bank Loans	Mar. 28	MT
Japan Metropolitan Fund Sets Interest Rates for 11.5 Billion Yen Loans	Mar. 27	MT
Sumitomo Mitsui Financial Names Stephanie Bowker, Yoshiyuki Natsuyama Co-Heads at Americas Banking Unit	Mar. 27	MT

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Company Profile

Sumitomo Mitsui Financial Group, Inc. is one of the Japanese largest financial services groups. The group's activity is organized around 3 areas: - bank: retail bank, business bank, financing and investment bank, assets management, etc.; - issuance of credit cards; - leasing services.

Sector

Banks

Calendar

2024-05-14 - Q4 2024 Earnings Release

Related indices

Nikkei 225

More about the company

Income Statement Evolution

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Ratings for Sumitomo Mitsui Financial Group, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8,613 JPY

Average target price

9,095 JPY

Spread / Average Target

+5.60%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Banks

Sumitomo Mitsui Financial Group, Inc.

Equities

8316

JP3890350006

Banks

Sumitomo Mitsui Financial : Presentation Material (2,424KB)

EPS Revisions