Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
November 14 2024 - 6:07AM
Edgar (US Regulatory)
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 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number 001-34919
SUMITOMO MITSUI FINANCIAL GROUP, INC.
(Translation of registrants name into English)
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan
(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: |
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Form 20-F ☒ |
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Form 40-F ☐ |
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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FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
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.
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Sumitomo Mitsui Financial Group, Inc. |
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By: |
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/s/ Jun Okahashi |
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Name: |
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Jun Okahashi |
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Title: |
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Executive Officer & General Manager,
Financial Accounting Dept |
Date: November 14, 2024
Notice regarding Distribution of Interim Dividends from Surplus and Revision of
Dividend Forecast
Tokyo, November 14, 2024 --- Sumitomo Mitsui Financial Group, Inc. (the Company, Head Office: Chiyoda-ku,
Tokyo, President and Group CEO: Toru Nakashima) hereby announces that interim dividends from surplus with record date dated September 30, 2024 were resolved at the meeting of the Board of Directors held today, and its year-end and annual dividend forecasts on the fiscal year ending March 31, 2025 were revised.
1.
Distribution of Interim Dividends from Surplus
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Dividend for the fiscal year ending March 31,
2025 |
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Most recent dividend forecast (Announced on May 15, 2024) |
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Dividend paid for the fiscal year ended March 31, 2024
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Record date
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September 30, 2024 |
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September 30, 2024 |
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September 30, 2023
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Dividend per share
(Yen) (*1) |
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180 |
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165 |
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135 |
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Total amount of dividends
(Million Yen) |
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234,858 |
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180,099 |
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Effective date
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December 3, 2024 |
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December 1, 2023
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Source of
dividends |
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Retained earnings
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-
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Retained earnings
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(*1) |
On October 1, 2024, the Company effected a three for one split of its common stock on the record date of
September 30, 2024. The amount of dividend per share is based on the number of shares before the stock split. |
2. Revision of
Dividend Forecast
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(Yen) |
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Dividend per share (*2) |
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Record date |
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Interim
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Year-end
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Annual |
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Previous forecast
(Announced on May 15, 2024) |
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(A) |
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Before the stock split |
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165 |
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165 |
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330 |
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After the stock split |
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55 |
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55 |
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110 |
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Revised forecast |
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(B) |
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Before the stock split |
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180 |
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360 |
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After the stock split |
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60 |
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120 |
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Dividend paid for the fiscal year
ending March 31, 2025 |
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(B) |
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Before the stock split |
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180 (*3) |
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After the stock split |
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60 |
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Change |
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(B A) |
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Before the stock split |
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+ 15 |
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+ 15 |
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+ 30 |
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After the stock split |
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+ 5 |
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+ 5 |
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+ 10 |
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(*2) |
The amount of Before the stock split is based on the number of shares before the stock split and
the amount of After the stock split is based on the number of shares after the stock split. Regarding the actual amount of dividends per share, the interim dividends are based on the number of shares before the stock split and the year-end dividends are based on the number of shares after the stock split. |
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(*3) |
The amount is dividend per share for the fiscal year ending March 31, 2025 within 1. Distribution of
Interim Dividends from Surplus. |
- 1 -
3. Reason
Due to revising earnings forcast on a consolidated basis for the fiscal year ending March 31, 2025 upward
in the Consolidated Financial Results for the six months ended September 30, 2024 announced today, the interim dividends for the fiscal year ending March 31, 2025 were revised to ¥180 per share, an increase of ¥15 from the
previously forecasted ¥165 per share.
Additionally, the
year-end dividend forecast was revised to ¥60 per share, an increase of ¥5 from the previously forecasted ¥55 per share after the stock split. As a result, after the stock split, the annual
dividends forecast was revised to ¥120 (before the stock split: ¥360) per share, ¥10 (before the stock split: ¥30) increase from the previous forecast.
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 Companys 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 Companys securities portfolio; incurrence of significant credit-related costs; the Companys 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 Companys 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.
- 2 -
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