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SUMITOMO MITSUI FINANCIAL GROUP, INC.

SIC 6029 · Commercial Banks, NEC
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$SMFG

SUMITOMO MITSUI FINANCIAL GROUP, INC.

CIK:0001022837|SEC Filings
v3.26.1
Consolidated Income Statements - JPY (¥)
¥ in Millions
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Profit or loss [abstract]      
Interest income ¥ 6,928,743 ¥ 6,716,741 ¥ 5,944,398
Interest expense 4,096,058 4,202,307 4,053,635
Net interest income 2,832,685 2,514,434 1,890,763
Fee and commission income 1,805,095 1,631,319 1,469,847
Fee and commission expense 287,328 314,931 233,715
Net fee and commission income 1,517,767 1,316,388 1,236,132
Net trading income (loss) (84,067) (186,688) 349,520
Net income from financial assets and liabilities at fair value through profit or loss 332,654 43,524 323,217
Net investment income 20,686 78,969 29,844
Net gains (losses) arising from derecognition of financial assets at amortized cost [1],[2],[3] (8,884) (32,179) 1,550
Other income [3] 230,942 105,717 112,208
Total operating income [3] 4,841,783 3,840,165 3,943,234
Impairment charges on financial assets 392,157 411,278 205,096
Net operating income [3] 4,449,626 3,428,887 3,738,138
General and administrative expenses 2,672,149 2,421,732 2,229,701
Other expenses [3] 354,743 495,587 461,018
Operating expenses [3] 3,026,892 2,917,319 2,690,719
Share of post-tax profit of associates and joint ventures 132,296 142,678 160,370
Profit before tax 1,555,030 654,246 1,207,789
Income tax expense 360,070 137,802 312,039
Net profit 1,194,960 516,444 895,750
Profit attributable to:      
Shareholders of Sumitomo Mitsui Financial Group, Inc. 1,137,557 478,132 873,346
Non-controlling interests 7,535 6,676 8,641
Other equity instruments holders ¥ 49,868 ¥ 31,636 ¥ 13,763
Earnings per share:      
Basic [4] ¥ 296.05 ¥ 122.4 ¥ 219.04
Diluted [4] ¥ 295.99 ¥ 122.36 ¥ 218.98
[1] For the fiscal year ended March 31, 2024, the amounts of “Gains” and “Losses” from derecognition of financial assets at amortized cost have been reclassified from “Other income” and “Other expenses,” respectively, to conform to the presentation in the fiscal years ended March 31, 2026 and March 31, 2025.
[2] For the fiscal year ended March 31, 2026, net losses from the derecognition of financial assets measured at amortized cost were primarily due to the sales of certain low-profit loans in the Americas. For the fiscal year ended March 31, 2025, those were primarily due to the sales of certain low-profit loans in the Europe and Middle East region. These sales were made to improve profitability and capital efficiency in global business.
[3] From the fiscal year ended March 31, 2025, the Group has presented “Net gains (losses) arising from derecognition of financial assets at amortized cost” as a separate line item in the consolidated income statements. This line item was not presented separately prior to the fiscal year ended March 31, 2025, but was included within “Other income” and “Other expenses.” The comparative amounts have been restated to conform to the current presentation.
[4] As resolved by the board of directors on May 15, 2024, the Company implemented a stock split of its common stock with an effective date of October 1, 2024, whereby each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of September 30, 2024 was split into three shares. Basic and diluted earnings per share are calculated based on the assumption that the stock split had been implemented at the beginning of the fiscal year ended March 31, 2024.