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

SUMITOMO MITSUI FINANCIAL GROUP

Unaudited Quarterly Consolidated Financial Statements

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

UNAUDITED QUARTERLY

CONSOLIDATED FINANCIAL STATEMENTS (JAPANESE GAAP)

QUARTERLY CONSOLIDATED BALANCE SHEETS

			Millions of
Millions of yen			U.S. dollars
March 31, 2022	June 30, 2022		June 30, 2022

Assets:

Cash and due from banks Call loans and bills bought Receivables under resale agreements

Receivables under securities borrowing transactions

Monetary claims bought Trading assets Money held in trust Securities

Loans and bills discounted Foreign exchanges

Lease receivables and investment assets

Other assets Tangible fixed assets Intangible fixed assets Net defined benefit asset Deferred tax assets

Customers' liabilities for acceptances and guarantees

Reserve for possible loan losses Total assets

*1, *2 *1 *1

*1

*1

• 74,792,123
  1,965,134
  6,035,507

5,649,632

5,370,377

7,351,878

310

38,538,724

90,834,056

2,812,104

228,608

10,175,873

1,457,254

898,817

623,045

66,720

11,722,239

(817,784)

¥ 257,704,625

*1, *2 *1 *1

*1

*1

¥ 74,646,634 $ 546,301

2,091,072 15,304

5,231,799 38,289

4,777,896 34,967

5,760,257 42,156

8,297,478 60,725

6,81050

39,347,789 287,967

96,688,452 707,615

4,448,520 32,557

226,746 1,659

12,657,021 92,630

1,493,839 10,933

920,660 6,738

634,325 4,642

75,710554

13,098,225 95,859

(711,407) (5,206) ¥ 269,691,834 $ 1,973,740

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QUARTERLY CONSOLIDATED BALANCE SHEETS

									Millions of
		Millions of yen					U.S. dollars
	March 31, 2022	June 30, 2022		June 30, 2022
Liabilities and net assets:
Liabilities:
Deposits	¥ 148,585,460			¥ 153,172,245	$	1,120,991
Negotiable certificates of deposit	13,069,796			13,792,741			100,942
Call money and bills sold	1,129,999			1,018,146			7,451
Payables under repurchase agreements	19,359,965			19,045,789			139,387
Payables under securities lending
transactions	1,580,580			1,388,565			10,162
Commercial paper	1,866,366			1,992,918			14,585
Trading liabilities	6,377,968			7,119,225			52,102
Borrowed money	18,877,990			17,951,970			131,382
Foreign exchanges	1,216,893			1,859,257			13,607
Short-term bonds	442,000			433,500			3,173
Bonds	9,808,107			10,543,167			77,160
Due to trust account	2,443,873			2,395,740			17,533
Other liabilities	8,415,621			13,006,313			95,187
Reserve for employee bonuses	89,894			31,915			234
Reserve for executive bonuses	4,064				―			―
Net defined benefit liability	40,864			40,569			297
Reserve for executive retirement
benefits	1,087			923			7
Reserve for point service program	25,000			26,360			193
Reserve for reimbursement of
deposits	5,767			4,254			31
Reserve for losses on interest
repayment	135,084			126,586			926
Reserves under the special laws	3,902			3,902			29
Deferred tax liabilities	275,570			164,908			1,207
Deferred tax liabilities for land
revaluation	29,193			29,192			214
Acceptances and guarantees		11,722,239				13,098,225			95,859
Total liabilities	245,507,293			257,246,417			1,882,658
Net assets:
Capital stock	2,341,878			2,341,878			17,139
Capital surplus	693,664			693,809			5,078
Retained earnings	6,916,468			7,024,916			51,412
Treasury stock		(13,402)				(13,116)			(96)
Total stockholders' equity	9,938,608			10,047,488			73,533
Net unrealized gains (losses) on
other securities	1,632,080			1,264,690			9,256
Net deferred gains (losses) on hedges	(80,061)			1,394			10
Land revaluation excess	36,320			36,324			266
Foreign currency translation
adjustments	450,143			879,507			6,437
Accumulated remeasurements of
defined benefit plans	121,123			115,611			846
Total accumulated other comprehensive
income	2,159,606			2,297,528			16,814
Stock acquisition rights	1,475			1,226			9
Non-controlling interests		97,641				99,173			726
Total net assets		12,197,331				12,445,416			91,082
Total liabilities and net assets	¥ 257,704,625			¥ 269,691,834	$	1,973,740

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QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

							Millions of
		Millions of yen			U.S. dollars
Three months ended June 30		2021			2022		2022

Ordinary income	¥	951,725
Interest income			442,051
Interest on loans and discounts			321,811
Interest and dividends on securities			74,476
Trust fees			1,237
Fees and commissions			327,317
Trading income			67,364
Other operating income			34,369
Other income	*1		79,386
Ordinary expenses			664,484
Interest expenses			87,808
Interest on deposits			20,749
Fees and commissions payments			54,712
Trading losses			1,582
Other operating expenses			36,457
General and administrative expenses			437,980
Other expenses	*2		45,943
Ordinary profit			287,240
Extraordinary gains	*3		16
Extraordinary losses	*4		2,445
Income before income taxes			284,812
Income taxes			79,973
Profit			204,838
Profit attributable to non-controlling
interests			1,595
Profit attributable to owners of
parent	¥	203,243

*1

*2

*3

*4

¥	1,331,703	$	9,746
	637,403			4,665
	441,177			3,229
	108,984			798
	1,478			11
	336,330			2,461
	4,543			33
	255,237			1,868
	96,710			708
	982,028			7,187
	205,653			1,505
	63,559			465
	56,222			411
	90,643			663
	85,556			626
	484,021			3,542
	59,932			439
	349,674			2,559
	10			0
	998			7
	348,686			2,552
	93,962			688
	254,724			1,864
	2,284			17
¥	252,439	$	1,847

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QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

												Millions of
				Millions of yen						U.S. dollars
Three months ended June 30		2021				2022				2022
Profit	¥	204,838			¥	254,724	$	1,864
Other comprehensive income (losses)			55,480					136,901			1,002
Net unrealized gains (losses) on other
securities			14,503					(365,102)			(2,672)
Net deferred gains (losses) on hedges			1,606					71,230			521
Foreign currency translation
adjustments			26,720					393,295			2,878
Remeasurements of defined benefit
plans			(4,329)					(5,525)			(40)
Share of other comprehensive income
of affiliates			16,979					43,003			315
Total comprehensive income			260,319					391,625			2,866
Comprehensive income attributable to
owners of parent			258,184					390,357			2,857
Comprehensive income attributable to
non-controlling interests			2,135					1,268			9

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