Sumitomo Mitsui Financial : Quarterly Consolidated Financial Statements(1Q) (Excerpt from Securities Report) (321KB)

SUMITOMO MITSUI FINANCIAL GROUP

Unaudited Quarterly Consolidated Financial Statements

as of and for the three months ended June 30, 2021

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.

UNAUDITED QUARTERLY

CONSOLIDATED FINANCIAL STATEMENTS (JAPANESE GAAP)

QUARTERLY CONSOLIDATED BALANCE SHEETS

												Millions of
			Millions of yen							U.S. dollars
	March 31, 2021		June 30, 2021			June 30, 2021
Assets:
Cash and due from banks	¥	72,568,875				¥	72,681,889	$	657,101
Call loans and bills bought			2,553,463						2,841,603			25,690
Receivables under resale agreements			5,565,119						4,936,834			44,633
Receivables under securities borrowing transactions			5,827,448						4,937,235			44,636
Monetary claims bought			4,665,244						4,848,405			43,833
Trading assets			6,609,195						6,082,985			54,995
Money held in trust			309						309			3
Securities	*2		36,549,043			*2			35,919,669			324,742
Loans and bills discounted	*1		85,132,738			*1			84,236,322			761,562
Foreign exchanges			2,173,189						2,575,817			23,287
Lease receivables and investment assets			236,392						232,420			2,101
Other assets			8,590,785						8,621,178			77,942
Tangible fixed assets			1,458,991						1,483,830			13,415
Intangible fixed assets			738,759						740,332			6,693
Net defined benefit asset			565,534						575,970			5,207
Deferred tax assets			29,840						32,027			290
Customers' liabilities for acceptances and guarantees			9,978,396						10,005,586			90,458
Reserve for possible loan losses			(659,017)						(632,412)			(5,717)
Total assets	¥	242,584,308				¥	240,120,007	$	2,170,871

-1-

QUARTERLY CONSOLIDATED BALANCE SHEETS

											Millions of
			Millions of yen						U.S. dollars
	March 31, 2021	June 30, 2021			June 30, 2021
Liabilities and net assets:
Liabilities:
Deposits	¥	142,026,156			¥	141,732,369	$	1,281,370
Negotiable certificates of deposit			12,570,617					12,376,310			111,891
Call money and bills sold			1,368,515					1,611,268			14,567
Payables under repurchase agreements			15,921,103					15,018,033			135,775
Payables under securities lending transactions			2,421,353					1,265,515			11,441
Commercial paper			1,686,404					2,367,935			21,408
Trading liabilities			5,357,649					4,092,409			36,999
Borrowed money			17,679,690					17,932,656			162,125
Foreign exchanges			1,113,037					1,316,671			11,904
Short-term bonds			585,000					415,000			3,752
Bonds			9,043,031					9,045,849			81,781
Due to trust account			2,321,223					2,280,709			20,619
Other liabilities			7,741,638					7,829,210			70,782
Reserve for employee bonuses			89,522					33,985			307
Reserve for executive bonuses			4,408					-			-
Net defined benefit liability			35,334					35,051			317
Reserve for executive retirement benefits			1,081					883			8
Reserve for point service program			24,655					24,799			224
Reserve for reimbursement of deposits			9,982					8,794			80
Reserve for losses on interest repayment			140,758					130,929			1,184
Reserves under the special laws			3,902					3,929			36
Deferred tax liabilities			532,193					542,888			4,908
Deferred tax liabilities for land revaluation			29,603					29,521			267
Acceptances and guarantees			9,978,396					10,005,586			90,458
Total liabilities			230,685,262					228,100,308			2,062,203
Net assets:
Capital stock			2,341,274					2,341,274			21,167
Capital surplus			693,205					693,061			6,266
Retained earnings			6,492,586					6,557,286			59,283
Treasury stock			(13,698)					(13,441)			(122)
Total stockholders' equity			9,513,367					9,578,181			86,594
Net unrealized gains (losses) on other securities			2,094,605					2,106,545			19,045
Net deferred gains (losses) on hedges			14,723					13,239			120
Land revaluation excess			36,251					36,064			326
Foreign currency translation adjustments			40,390					89,156			806
Accumulated remeasurements of defined benefit plans			127,080					122,799			1,110
Total accumulated other comprehensive income			2,313,051					2,367,804			21,407
Stock acquisition rights			1,791					1,557			14
Non-controlling interests			70,836					72,155			652
Total net assets			11,899,046					12,019,698			108,667
Total liabilities and net assets	¥	242,584,308			¥	240,120,007	$	2,170,871

-2-

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

							Millions of
			Millions of yen		U.S. dollars
Three months ended June 30		2020			2021		2021

Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Trading income
Other operating income
Other income	*1
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Trading losses
Other operating expenses
General and administrative expenses
Other expenses	*2
Ordinary profit
Extraordinary gains	*3
Extraordinary losses	*4
Income before income taxes
Income taxes

Profit

Profit attributable to non-controlling interests

Profit attributable to owners of parent

• 970,393
  499,178
  369,696
  64,159
  1,143
  279,735
  69,995
  95,532
  24,809
  852,261
  180,796
  53,401
  49,991
  978
  35,914
  420,908
  163,670
  118,131
  37
  1,346
  116,823
  30,758
  86,064
  (30)
• 86,095

*1

*2

*3

*4

¥	951,725	$	8,604
	442,051			3,996
	321,811			2,909
	74,476			673
	1,237			11
	327,317			2,959
	67,364			609
	34,369			311
	79,386			718
	664,484			6,007
	87,808			794
	20,749			188
	54,712			495
	1,582			14
	36,457			330
	437,980			3,960
	45,943			415
	287,240			2,597
	16			0
	2,445			22
	284,812			2,575
	79,973			723
	204,838			1,852
	1,595			14
¥	203,243	$	1,837

-3-

QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

											Millions of
				Millions of yen				U.S. dollars
Three months ended June 30				2020				2021			2021
Profit	¥	86,064		¥	204,838	$	1,852
Other comprehensive income (losses)		265,359				55,480			502
Net unrealized gains (losses) on other securities		277,614				14,503			131
Net deferred gains (losses) on hedges		3,732				1,606			15
Foreign currency translation adjustments		(10,602)			26,720			242
Remeasurements of defined benefit plans		1,610				(4,329)			(39)
Share of other comprehensive income of affiliates		(6,995)			16,979			154
Total comprehensive income		351,424				260,319			2,353
Comprehensive income attributable to owners of parent		350,151				258,184			2,334
Comprehensive income attributable to non-controlling interests		1,272				2,135			19

-4-