Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of February 2024

Commission File Number 001-34919

SUMITOMO MITSUI FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:		Form 20-F ☒		Form 40-F ☐

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF SUMITOMO MITSUI FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-276219) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED, EXCEPT FOR THE STATEMENTS REGARDING OUR EARNINGS FORECAST UNDER THE CAPTION “3. EARNINGS FORECAST ON A CONSOLIDATED BASIS (FOR THE FISCAL YEAR ENDING MARCH 31, 2024).”

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Sumitomo Mitsui Financial Group, Inc.
By:		/s/ Jun Okahashi
		Name:		Jun Okahashi
		Title:		General Manager, Financial Accounting Dept.

Date: February 1, 2024

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February 1, 2024

 

		Sumitomo Mitsui Financial Group, Inc. Consolidated Financial Results for the nine months ended December 31, 2023 <Under Japanese GAAP>

Head Office: 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan

Stock Exchange Listings: Tokyo Stock Exchange, Nagoya Stock Exchange, New York Stock Exchange

URL: https://www.smfg.co.jp/english/

President: Toru Nakashima

Quarterly Securities Report (Shihanki hokokusho) issuing date: February 14, 2024

Investors meeting presentation for quarterly financial results: Scheduled

Note:  Amounts less than one million yen have been rounded down.  

1. Consolidated financial results (for the nine months ended December 31, 2023)

 (1) Operating results

(Millions of yen, except per share data and percentages)  

						Ordinary income								Ordinary profit				Profit attributable to owners of parent
Nine months ended December 31, 2023							¥ 6,691,218				52.8	%		¥ 1,196,679		15.9%		¥ 792,837		3.5%
Nine months ended December 31, 2022							4,380,252				46.2			1,032,609		19.1		766,021		22.6
Notes:		1.		Comprehensive income:
				(a) for the nine months ended December 31, 2023:   ¥  1,594,978 million  [152.6%]
				(b) for the nine months ended December 31, 2022:   ¥    631,527 million  [(8.2)%]
		2.		Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the same period in the previous fiscal year.
							Earnings per share							Earnings per share   (Diluted)
Nine months ended December 31, 2023						¥ 594.72								¥ 594.55
Nine months ended December 31, 2022							559.36							559.17
(2) Financial position
														(Millions of yen, except percentages)
						Total assets								Net assets				Net assets ratio
As of December 31, 2023							¥ 285,778,057							¥ 13,905,168				4.8%
As of March 31, 2023							270,428,564							12,791,106				4.7
Notes:		1.		Stockholders’ equity:
				(a) as of December 31, 2023: ¥13,780,220 million  (b) as of March 31, 2023: ¥12,680,465 million
		2.		Net assets ratio = {(Net assets – stock acquisition rights – non-controlling interests) / total assets} X 100

2. Dividends on common stock

(Yen)  

		Cash dividends per share
		1st quarter				2nd quarter				3rd quarter				4th quarter				Annual
Fiscal year ended March 31, 2023			¥ —				¥ 115.00				¥ —				¥ 125.00				¥ 240.00
Fiscal year ending March 31, 2024			—				135.00				—
Fiscal year ending March 31, 2024 (Forecast)															135.00				270.00
Note:  Dividend forecast remains unchanged.

3. Earnings forecast on a consolidated basis (for the fiscal year ending March 31, 2024)

(Millions of yen, except per share data and percentage)  

				Profit  attributable to owners of parent				Earnings per  share
Fiscal year ending March 31, 2024				¥ 920,000		14.2%		¥ 700.66

Notes:		1.		Earnings forecast remains unchanged.
		2.		Percentage shown in profit attributable to owners of parent is the increase (decrease) from the previous fiscal year.
		3.		Forecasted earnings per share is calculated by dividing forecasted profit attributable to owners of parent by the number of issued common stocks (excluding treasury stocks) as of December 31, 2023. The Board of Directors resolved on November 14, 2023 to repurchase its own shares, and the number of issued common stocks (excluding treasury stocks) is taking into account the impact of repurchase of its own shares.

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* Notes
(1) There were no changes in material consolidated subsidiaries in the period.
(2) Special accounting methods used for preparing quarterly consolidated financial statements were adopted.
Note: For more details, see page 2 “1. Matters related to summary information (Notes).”
(3) Changes in accounting policies, changes in accounting estimates and restatements
(a) Changes in accounting policies due to application of new or revised accounting standards		: No
(b) Changes in accounting policies due to reasons other than above (a)		: No
(c) Changes in accounting estimates		: No
(d) Restatements		: No
(4) Number of shares issued (common stocks)

 

		As of December 31, 2023				As of March 31, 2023
(a) Number of shares issued (including treasury stocks)		1,337,529,084 shares				1,374,691,194 shares
(b) Number of treasury stocks		13,718,096 shares				30,070,650 shares
		Nine months ended  December 31, 2023				Nine months ended  December 31, 2022
(c) Average number of shares issued in the period		1,333,126,383 shares				1,369,461,830 shares

[Note on quarterly review process]

This report is out of the scope of the external auditor’s review procedure.

 

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.

 

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Sumitomo Mitsui Financial Group, Inc.

 

Table of contents

 

1.		Matters related to summary information (Notes)			2
		(1)   Application of special accounting methods used for preparing quarterly consolidated financial statements			2
		(2)   Additional information			2
2.		Consolidated financial statements			3
		(1)   Consolidated balance sheets			3
		(2)   Consolidated statements of income and consolidated statements of comprehensive income			4
		(3)   Note on going concern			4
		(4)   Material changes in stockholders’ equity			4

Appendix: Financial results for the nine months ended December 31, 2023 supplementary information

 

- 1 -

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Sumitomo Mitsui Financial Group, Inc.

 

1. Matters related to summary information (Notes)

 

(1)	Application of special accounting methods used for preparing quarterly consolidated financial statements

The Company and certain domestic consolidated subsidiaries calculated tax expenses by multiplying Income before income taxes by an effective tax rate that was reasonably estimated by applying tax effect accounting to estimated Income before income taxes for the fiscal year ending March 31, 2024 including the period for the nine months ended December 31, 2023. Amounts of Income taxes include Income taxes-deferred.

 

(2)	Additional information

On December 14, 2023, SMBC Americas Holdings, Inc., a subsidiary using its financial statements as of its quarterly account closing date (September 30, 2023) for the Company’s consolidated financial statements, transferred the entire interest in SMBC Rail Services LLC (hereinafter, “SMBC RS”) to ITE Management LP. The difference between the consolidated book value of the transferred interest and sales amount and others were recognized in “Extraordinary losses” as losses related to sale of the freight car leasing business, while SMBC RS’s statement of income for the nine months ended September 30, 2023 and balance sheet as of September 30, 2023 were consolidated into the Company’s quarterly financial statements for the nine months ended December 31, 2023 since the difference in the quarterly account closing dates between SMBC RS and the Company does not exceed three months.

 

- 2 -

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Sumitomo Mitsui Financial Group, Inc.

 

2. Consolidated financial statements

 (1) Consolidated balance sheets

 

		Millions of yen
		March 31, 2023				December 31, 2023
Assets:
Cash and due from banks		¥	75,913,960			¥	76,597,791
Call loans and bills bought			5,684,812				5,220,292
Receivables under resale agreements			5,785,945				9,102,532
Receivables under securities borrowing transactions			5,576,612				5,725,705
Monetary claims bought			5,558,287				5,826,598
Trading assets			8,751,204				9,809,675
Money held in trust			12,957				14,072
Securities			33,213,165				36,844,297
Loans and bills discounted			98,404,137				103,187,383
Foreign exchanges			1,942,764				2,164,372
Lease receivables and investment assets			226,302				262,190
Other assets			13,243,899				14,306,787
Tangible fixed assets			1,494,527				1,454,506
Intangible fixed assets			897,848				935,275
Net defined benefit asset			704,654				732,223
Deferred tax assets			74,084				98,409
Customers’ liabilities for acceptances and guarantees			13,693,771				14,214,427
Reserve for possible loan losses			(750,369	)			(718,483	)
Total assets		¥	270,428,564			¥	285,778,057
Liabilities:
Deposits		¥	158,770,253			¥	162,642,194
Negotiable certificates of deposit			13,025,555				13,883,422
Call money and bills sold			2,569,055				1,853,100
Payables under repurchase agreements			16,772,716				18,590,061
Payables under securities lending transactions			1,521,271				1,258,607
Commercial paper			2,349,956				2,937,771
Trading liabilities			8,066,745				8,530,207
Borrowed money			13,674,830				15,023,796
Foreign exchanges			1,465,847				2,174,199
Short-term bonds			424,000				835,000
Bonds			10,365,003				12,326,574
Due to trust account			2,413,464				1,540,538
Other liabilities			11,923,748				15,310,945
Reserve for employee bonuses			96,254				69,582
Reserve for executive bonuses			3,307				—
Net defined benefit liability			35,449				36,600
Reserve for executive retirement benefits			1,133				1,014
Reserve for point service program			28,659				33,509
Reserve for reimbursement of deposits			10,845				7,506
Reserve for losses on interest repayment			128,378				105,374
Reserves under the special laws			3,902				4,345
Deferred tax liabilities			265,354				466,168
Deferred tax liabilities for land revaluation			27,952				27,938
Acceptances and guarantees			13,693,771				14,214,427
Total liabilities			257,637,458				271,872,888
Net assets:
Capital stock			2,342,537				2,344,038
Capital surplus			694,052				685,712
Retained earnings			7,423,600				7,672,596
Treasury stock			(151,798	)			(90,615	)
Total stockholders’ equity			10,308,391				10,611,732
Net unrealized gains (losses) on other securities			1,373,521				1,852,607
Net deferred gains (losses) on hedges			(13,293	)			(34,130	)
Land revaluation excess			35,005				35,399
Foreign currency translation adjustments			843,614				1,197,327
Accumulated remeasurements of defined benefit plans			133,226				117,285
Total accumulated other comprehensive income			2,372,074				3,168,488
Stock acquisition rights			1,145				991
Non-controlling interests			109,495				123,957
Total net assets			12,791,106				13,905,168
Total liabilities and net assets		¥	270,428,564			¥	285,778,057

 

- 3 -

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Sumitomo Mitsui Financial Group, Inc.

 

(2) Consolidated statements of income and consolidated statements of comprehensive income

 (Consolidated statements of income)

 

		Millions of yen
Nine months ended December 31		2022						2023
Ordinary income		¥	4,380,252					¥	6,691,218
Interest income			2,529,341						4,495,152
Interest on loans and discounts			1,693,720						2,670,810
Interest and dividends on securities			299,487						478,712
Trust fees			4,788						5,769
Fees and commissions			1,073,352						1,245,819
Trading income			108,742						228,187
Other operating income			367,931						384,107
Other income			296,095						332,182
Ordinary expenses			3,347,642						5,494,539
Interest expenses			1,255,540						3,152,563
Interest on deposits			468,078						1,215,438
Fees and commissions payments			171,455						190,271
Trading losses			8,470						111,518
Other operating expenses			271,244						178,358
General and administrative expenses			1,427,747						1,631,048
Other expenses			213,183						230,778
Ordinary profit			1,032,609						1,196,679
Extraordinary gains			1,317						365
Extraordinary losses			3,794						112,503
Income before income taxes			1,030,131						1,084,541
Income taxes			256,525						288,076
Profit			773,606						796,465
Profit attributable to non-controlling interests			7,584						3,628
Profit attributable to owners of parent		¥	766,021					¥	792,837
(Consolidated statements of comprehensive income)
		Millions of yen
Nine months ended December 31		2022						2023
Profit		¥	773,606					¥	796,465
Other comprehensive income (losses)			(142,078	)					798,512
Net unrealized gains (losses) on other securities			(591,145	)					480,717
Net deferred gains (losses) on hedges			2,102						(17,353	)
Foreign currency translation adjustments			346,932						293,064
Remeasurements of defined benefit plans			(14,413	)					(14,439	)
Share of other comprehensive income of affiliates			114,445						56,523
Total comprehensive income			631,527						1,594,978
Comprehensive income attributable to owners of parent			619,865						1,588,857
Comprehensive income attributable to non-controlling interests			11,661						6,121

(3) Note on going concern

Not applicable.

(4) Material changes in stockholders’ equity

Not applicable.

 

- 4 -

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Sumitomo Mitsui Financial Group

 

 

 

Financial results

for the nine months

ended December 31, 2023

- Supplementary information -

 

Table of contents

1.

Operating results

Consolidated

Non-consolidated

…

1

2.

Interest spread (domestic)

Non-consolidated

…

3

3.

Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act

Consolidated

Non-consolidated

…

3

4.

Unrealized gains (losses) on securities

Consolidated

Non-consolidated

…

4

5.

Deposits and loans

Non-consolidated

…

5

6.

ROE

Consolidated

…

5

Notes:

1. Consolidated : Consolidated figures of Sumitomo Mitsui Financial Group, Inc.

2. Non-consolidated : Non-consolidated figures of Sumitomo Mitsui Banking Corporation (“SMBC”)

3. Capital ratio as of December 31, 2023 will be announced when it is fixed.

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Sumitomo Mitsui Financial Group

 

1. Operating results

 

Consolidated												(Millions of yen)
								Nine months ended  December 31, 2023 (A)		Change   (A) - (B)		Nine months ended December 31, 2022 (B)
Consolidated gross profit						1		2,726,323		348,879		2,377,444
		Net interest income				2		1,342,588		68,787		1,273,801
		Trust fees				3		5,769		981		4,788
		Net fees and commissions				4		1,055,548		153,651		901,897
		Net trading income				5		116,668		16,397		100,271
		Net other operating income				6		205,748		109,062		96,686
General and administrative expenses						7		(1,631,048)		(203,301)		(1,427,747)
Equity in gains (losses) of affiliates						8		106,821		27,368		79,453
Consolidated net business profit						9		1,202,096		172,946		1,029,150
Total credit cost						10		(134,653)		(23,555)		(111,098)
		Credit costs				11		(147,690)		(22,661)		(125,029)
				Write-off of loans		12		(108,587)		(42,115)		(66,472)
				Provision for reserve for possible loan losses		13		(18,566)		18,967		(37,533)
				Others		14		(20,536)		487		(21,023)
		Recoveries of written-off claims				15		13,036		(895)		13,931
Gains (losses) on stocks						16		144,557		6,336		138,221
Other income (expenses)						17		(15,320)		8,344		(23,664)
Ordinary profit						18		1,196,679		164,070		1,032,609
Extraordinary gains (losses)						19		(112,137)		(109,660)		(2,477)
		Gains (losses) on disposal of fixed assets				20		(3,240)		(3,128)		(112)
		Losses on impairment of fixed assets				21		(1,577)		788		(2,365)
		Losses related to sale of the freight car leasing business				22		(106,952)		(106,952)		—
Income before income taxes						23		1,084,541		54,410		1,030,131
Income taxes						24		(288,076)		(31,551)		(256,525)
Profit						25		796,465		22,859		773,606
Profit attributable to non-controlling interests						26		(3,628)		3,956		(7,584)
Profit attributable to owners of parent						27		792,837		26,816		766,021
Notes: 1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
2. 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)  3. Amounts of Income taxes include Income taxes-deferred.
				Number of consolidated subsidiaries and affiliates
								December 31, 2023
										Change		March 31, 2023
				Consolidated subsidiaries		28		181		(3)		184
				Equity method affiliates		29		330		22		308

 

- 1 -

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Sumitomo Mitsui Financial Group

 

SMBC non-consolidated												(Millions of yen)
								Nine months ended  December 31, 2023 (A)		Change   (A) - (B)		Nine months ended  December 31, 2022 (B)
Gross banking profit						1		1,345,724		57,859		1,287,865
		Net interest income				2		817,597		(53,748)		871,345
		Trust fees				3		2,101		462		1,639
		Net fees and commissions				4		369,921		33,455		336,466
		Net trading income				5		(50,935)		(8,411)		(42,524)
		Net other operating income				6		207,039		86,102		120,937
		Gains (losses) on bonds				7		21,200		99,060		(77,860)
Expenses (excluding non-recurring losses)						8		(724,169)		(70,739)		(653,430)
		Personnel expenses				9		(308,334)		(23,778)		(284,556)
		Non-personnel expenses				10		(372,000)		(40,835)		(331,165)
		Taxes				11		(43,834)		(6,127)		(37,707)
Banking profit (before provision for general reserve for possible loan losses)						12		621,555		(12,880)		634,435
Gains (losses) on bonds						13		21,200		99,060		(77,860)
		Core banking profit (12-13)				14		600,354		(111,941)		712,295
				excluding gains (losses) on cancellation of investment trusts		15		594,366		(86,122)		680,488
Provision for general reserve for possible loan losses						16		—		(47,773)		47,773
Banking profit						17		621,555		(60,653)		682,208
Non-recurring gains (losses)						18		145,895		100,129		45,766
		Credit costs				19		(24,392)		77,660		(102,052)
		Gains on reversal of reserve for possible loan losses				20		22,474		22,474		—
		Recoveries of written-off claims				21		39		14		25
		Gains (losses) on stocks				22		138,455		10,519		127,936
				Gains on sales of stocks		23		190,163		18,845		171,318
				Losses on sales of stocks		24		(2,837)		24,861		(27,698)
				Losses on devaluation of stocks		25		(48,870)		(33,188)		(15,682)
		Other non-recurring gains (losses)				26		9,318		(10,538)		19,856
Ordinary profit						27		767,450		39,475		727,975
Extraordinary gains (losses)						28		(3,662)		(1,609)		(2,053)
		Gains (losses) on disposal of fixed assets				29		(2,224)		(1,936)		(288)
		Losses on impairment of fixed assets				30		(1,437)		328		(1,765)
Income before income taxes						31		763,788		37,867		725,921
Income taxes						32		(208,917)		(46,707)		(162,210)
Net income						33		554,871		(8,839)		563,710
Total credit cost (16+19+20+21)						34		(1,877)		52,376		(54,253)
		Provision for general reserve for possible loan losses				35		39,815		(7,958)		47,773
		Write-off of loans				36		(22,761)		(17,839)		(4,922)
		Provision for specific reserve for possible loan losses				37		(17,520)		71,925		(89,445)
		Losses on sales of delinquent loans				38		(1,630)		6,158		(7,788)
		Provision for loan loss reserve for specific overseas countries				39		179		76		103
		Recoveries of written-off claims				40		39		14		25

Notes:		1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
		2. Amounts of Income taxes include Income taxes-deferred.

 

- 2 -

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Sumitomo Mitsui Financial Group

 

2. Interest spread (domestic)

 

SMBC non-consolidated														(%)
				Nine months ended December 31, 2023 (A)										Nine months  ended  December 31,  2022 (B)
		April 1  -  June 30		July 1 - September 30		October 1  -  December 31				Change  (A) -  (B)
Interest earned on loans and bills discounted (a)		0.82		0.83		0.85		0.83		0.00				0.83
Interest paid on deposits, etc. (b)		0.00		0.00		0.00		0.00		0.00				0.00
Interest spread (a) - (b)		0.82		0.83		0.85		0.83		0.00				0.83
Reference: After excluding loans to the Japanese government, etc.
Interest earned on loans and bills discounted (c)		0.84		0.84		0.86		0.85		0.00				0.85
Interest spread (c) - (b)		0.84		0.84		0.86		0.85		0.00				0.85

3. Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act

 

Consolidated																(Billions of yen)
										December 31, 2023						March 31, 2023
												Change from   March 31, 2023
		Bankrupt and quasi-bankrupt loans						1		184.3		91.4				92.9
		Doubtful loans						2		502.9		8.7				494.2
		Substandard loans						3		297.9		(42.8)				340.7
				Past due loans (3 months or more)				4		42.0		22.1				19.9
				Restructured loans				5		255.9		(64.9)				320.8
		Total (A)						6		985.1		57.3				927.8
		Normal assets						7		120,777.0		5,637.7				115,139.3
		Grand total (B)						8		121,762.1		5,695.0				116,067.1
																(%)
		NPL ratio (A/B)						9		0.81		0.01				0.80
		Amount of direct reduction								234.5		73.0				161.5
SMBC non-consolidated																(Billions of yen)
										December 31, 2023						March 31, 2023
												Change from   March 31, 2023
		Bankrupt and quasi-bankrupt loans						10		156.3		80.8				75.5
		Doubtful loans						11		374.6		(1.2)				375.8
		Substandard loans						12		123.7		(11.5)				135.2
				Past due loans (3 months or more)				13		2.9		(2.4)				5.4
				Restructured loans				14		120.7		(9.1)				129.9
		Total (A)						15		654.6		68.0				586.6
		Normal assets						16		115,317.3		2,784.5				112,532.9
		Grand total (B)						17		115,971.9		2,852.5				113,119.4
																(%)
		NPL ratio (A/B)						18		0.56		0.04				0.52
		Amount of direct reduction								187.9		64.9				123.0

 

- 3 -

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Sumitomo Mitsui Financial Group

 

4. Unrealized gains (losses) on securities

 

Consolidated																																(Billions of yen)
												December 31, 2023															March 31, 2023
												Balance sheet  amount				Net unrealized   gains (losses)											Balance sheet    amount					Net unrealized    gains (losses)
																		Change from  March 31, 2023			Gains			Losses
		Held-to-maturity securities							1			226.9				(0.6)		(0.2)			0.2			0.7			165.6					(0.4)
		Other securities							2			35,639.2				2,611.2		696.0			3,453.8			842.6			32,465.0					1,915.1
				Stocks					3			3,657.1				2,323.9		379.2			2,331.8			7.9			3,345.4					1,944.8
				Bonds					4			12,209.0				(89.8)		(25.6)			10.2			99.9			13,177.5					(64.2)
						Japanese government bonds			5			8,879.6				(50.6)		(14.2)			0.7			51.3			9,576.3					(36.4)
				Others					6			19,773.2				377.0		342.4			1,111.8			734.8			15,942.1					34.6
						Foreign bonds			7			16,005.7				(656.7)		40.6			70.7			727.3			13,081.5					(697.3)
		Other money held in trust							8			0.3				—		—			—			—			0.3					—
		Total							9			35,866.4				2,610.6		695.9			3,454.0			843.4			32,630.9					1,914.8
						Stocks			10			3,657.1				2,323.9		379.2			2,331.8			7.9			3,345.4					1,944.8
						Bonds			11			12,435.9				(90.3)		(25.7)			10.3			100.7			13,343.1					(64.6)
						Others			12			19,773.5				377.0		342.4			1,111.8			734.8			15,942.4					34.6
SMBC non-consolidated																																(Billions of yen)
												December 31, 2023															March 31, 2023
												Balance sheet  amount				Net unrealized   gains (losses)											Balance sheet    amount					Net unrealized    gains (losses)
																		Change from   March 31, 2023			Gains			Losses
		Held-to-maturity securities							13			22.3				(0.4)		(0.0)			—			0.4			22.3					(0.4)
		Stocks of subsidiaries and affiliates							14			4,909.3				(95.7)		(83.3)			0.8			96.5			4,581.9					(12.3)
		Other securities							15			30,688.0				1,938.0		514.9			2,697.1			759.1			28,309.7					1,423.2
				Stocks					16			3,314.2				2,208.0		326.3			2,215.6			7.6			3,062.1					1,881.7
				Bonds					17			12,392.6				(87.5)		(25.2)			10.1			97.7			13,346.0					(62.4)
						Japanese government bonds			18			8,879.6				(50.6)		(14.2)			0.7			51.3			9,576.3					(36.4)
				Others					19			14,981.2				(182.5)		213.7			471.4			653.8			11,901.6					(396.2)
						Foreign bonds			20			12,035.4				(589.8)		27.4			56.9			646.7			9,709.4					(617.1)
		Total							21			35,619.6				1,842.0		431.5			2,697.9			855.9			32,914.0					1,410.4
						Stocks			22			3,610.5				2,208.9		326.6			2,216.4			7.6			3,358.9					1,882.3
						Bonds			23			12,414.9				(87.9)		(25.1)			10.1			98.0			13,368.3					(62.8)
						Others			24			19,594.3				(279.0)		130.1			471.4			750.3			16,186.8					(409.1)

 

Notes:		1.		The figures above include negotiable certificates of deposit in “Cash and due from banks” and beneficiary claims on loan trust in “Monetary claims bought.”
		2.		Net unrealized gains (losses) are valued at market prices as of the balance sheet date.
		3.		Other securities and Other money held in trust are measured at market prices. Unrealized gains (losses) indicate the difference between the acquisition costs (or amortized costs) and the balance sheet amounts.

 

- 4 -

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Sumitomo Mitsui Financial Group

 

5. Deposits and loans

 

SMBC non-consolidated										(Billions of yen)
				December 31, 2023						March 31, 2023
						Change from    March 31, 2023
Domestic deposits				124,775.2		1,802.9				122,972.2
		Individual		59,901.8		2,014.7				57,887.0
Note : The figures above exclude negotiable certificates of deposit and Japan offshore banking accounts.
Loans and bills discounted				97,598.4		3,291.1				94,307.4
		Domestic offices (excluding offshore banking accounts)		62,714.6		1,627.2				61,087.5
		Overseas offices and offshore banking accounts		34,883.8		1,663.9				33,219.9
6. ROE
Consolidated										(%)
				Nine months ended    December 31, 2023						Nine months ended    December 31, 2022
						Change
ROE (denominator: Total stockholders’ equity)				10.1		0.1				10.0

 

Note :

ROE

=

(Profit attributable to owners of parent) X (Number of days in a year (365 days)) / (Number of days in the period (275 days))

X 100

{(Total stockholders’ equity at the beginning of the period) + (Total stockholders’ equity at the end of the period)} / 2

 

- 5 -

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