Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

SMFNF Sumitomo Mitsui Finl (PK)

Latest SMFNF Messages

Sumitomo Mitsui Financial Group, Inc. News

Your Recent History

Loading Messages....

Loading Messages....

Boards:

Quotes:

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Boards

News

Market Data

Markets

Discover

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 May 2022

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 ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):	☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):	☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.	Yes ☐	No ☒

*If ‘‘Yes’’ is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):	82-________

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.

Date: May 13, 2022

Financial Results

Fiscal Year 3/2022

- Supplementary Information -

Sumitomo Mitsui Financial Group, Inc.

Table of contents

Page

Income analysis

Consolidated

Non-consolidated

…

Interest spread (domestic)

Non-consolidated

…

Gains (losses) on securities

Non-consolidated

…

Unrealized gains (losses) on securities

Consolidated

Non-consolidated

…

Balance of securities, classified by maturity

Non-consolidated

…

Notional amount of interest rate swaps (under deferred hedge accounting), classified by remaining maturity

Non-consolidated

…

Employee retirement benefits

Consolidated

Non-consolidated

…

Classification based on self-assessment and the Banking Act and the Reconstruction Act, and write-offs / reserves

Non-consolidated

…

Reserve for possible loan losses and reserve ratio

Consolidated

Non-consolidated

…

10.

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

Consolidated

Non-consolidated

…

11.

Results of off-balancing of NPLs

Non-consolidated

…

12.

Loan portfolio, classified by industry

Non-consolidated

…

13.

Loan portfolio, classified by country

Non-consolidated

…

14.

Balance of deposits and loans

Non-consolidated

…

15.

Deferred tax assets and liabilities

Non-consolidated

…

16.

Capital ratio (BIS guidelines)

Consolidated

Non-consolidated

…

17.

ROE

Consolidated

…

18.

Earnings targets and dividends forecast for FY3/2023

Consolidated

Non-consolidated

…

Reference: Financial statements of SMBC

Non-consolidated

…

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 us and our managements with respect to our 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 our securities portfolio; our ability to successfully implement our business strategy through our subsidiaries, affiliates and alliance partners; exposure to new risks as we expand the scope of our business; and incurrence of significant credit-related costs. 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. We undertake no obligation to update or revise any forward-looking statements.

Please refer to our most recent disclosure documents such as our annual report on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as our earnings press releases, for a more detailed description of the risks and uncertainties that may affect our financial conditions and our operating results, and investors’ decisions.

Sumitomo Mitsui Financial Group

1. Income analysis


Consolidated						(Millions of yen)

				FY3/2022	Change	FY3/2021

Consolidated gross profit			1	2,945,505	139,318	2,806,187

	Net interest income		2	1,527,984	192,768	1,335,216

	Trust fees		3	5,940	1,045	4,895

	Net fees and commissions		4	1,199,535	105,514	1,094,021

	Net trading income		5	101,162	(98,485)	199,647

	Net other operating income		6	110,882	(61,524)	172,406

General and administrative expenses			7	(1,821,125)	(73,981)	(1,747,144)

Equity in gains (losses) of affiliates			8	28,511	3,539	24,972

Consolidated net business profit			9	1,152,890	68,875	1,084,015


Total credit cost			10	(274,382)	86,138	(360,520)

	Credit costs		11	(287,934)	85,437	(373,371)

		Write-off of loans	12	(79,578)	37,837	(117,415)

		Provision for reserve for possible loan losses	13	(180,004)	53,871	(233,875)

		Others	14	(28,351)	(6,271)	(22,080)

	Recoveries of written-off claims		15	13,552	702	12,850

Gains (losses) on stocks			16	209,053	116,497	92,556

Other income (expenses)			17	(46,939)	58,093	(105,032)


Ordinary profit			18	1,040,621	329,603	711,018


Extraordinary gains (losses)			19	(111,033)	(72,252)	(38,781)

	Gains (losses) on disposal of fixed assets		20	(2,113)	(6,209)	4,096

	Losses on impairment of fixed assets		21	(108,920)	(66,395)	(42,525)

	Gains on step acquisitions		22	-	(404)	404

Income before income taxes			23	929,588	257,351	672,237

Income taxes - current			24	(241,259)	(15,736)	(225,523)

Income taxes - deferred			25	26,724	(42,453)	69,177

Profit			26	715,052	199,162	515,890

Profit attributable to non-controlling interests			27	(8,421)	(5,344)	(3,077)

Profit attributable to owners of parent			28	706,631	193,819	512,812

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)

	Number of consolidated subsidiaries and affiliates

				Mar. 31, 2022	Change	Mar. 31, 2021
	Consolidated subsidiaries		29	181	4	177
	Equity method affiliates		30	112	14	98

- 1 -

Sumitomo Mitsui Financial Group


SMBC non-consolidated						(Millions of yen)

				FY3/2022	Change	FY3/2021
Gross banking profit			1	1,579,178	97,516	1,481,662
	Gross domestic profit		2	846,101	79,906	766,195
		Net interest income	3	638,821	55,314	583,507
		Trust fees	4	2,196	174	2,022
		Net fees and commissions	5	198,232	22,049	176,183
		Net trading income	6	(114)	238	(352)
		Net other operating income	7	6,964	2,129	4,835

		Gains (losses) on bonds	8	(1,408)	(4,452)	3,044
	Gross international profit		9	733,077	17,611	715,466
		Net interest income	10	452,275	99,420	352,855
		Net fees and commissions	11	200,263	45,708	154,555
		Net trading income	12	(69,480)	(86,616)	17,136
		Net other operating income	13	150,019	(40,900)	190,919

		Gains (losses) on bonds	14	(40,955)	(117,893)	76,938
Expenses (excluding non-recurring losses)			15	(857,233)	(40,745)	(816,488)

Overhead ratio			16	54.3%	(0.8%)	55.1%
	Personnel expenses		17	(344,779)	(18,006)	(326,773)
	Non-personnel expenses		18	(463,011)	(23,097)	(439,914)
	Taxes		19	(49,442)	359	(49,801)

Banking profit (before provision for general reserve for possible loan losses)			20	721,944	56,771	665,173

Gains (losses) on bonds			21	(42,364)	(122,347)	79,983
	Core Banking Profit (20-21)		22	764,309	179,120	585,189

		excluding gains (losses) on cancellation of investment trusts	23	722,805	171,404	551,401

Provision for general reserve for possible loan losses			24	(6,213)	156,280	(162,493)
Banking profit			25	715,731	213,052	502,679
Non-recurring gains (losses)			26	30,219	96,836	(66,617)
	Credit costs		27	(154,932)	(74,673)	(80,259)
	Gains on reversal of reserve for possible loan losses		28	-	-	-
	Recoveries of written-off claims		29	3	(18)	21
	Gains (losses) on stocks		30	157,268	93,736	63,532
	Other non-recurring gains (losses)		31	27,880	77,791	(49,911)

Ordinary profit			32	745,950	309,888	436,062

Extraordinary gains (losses)			33	(47,488)	(46,821)	(667)
	Gains (losses) on disposal of fixed assets		34	(724)	(5,467)	4,743
	Losses on impairment of fixed assets		35	(46,764)	(41,354)	(5,410)
Income before income taxes			36	698,462	263,068	435,394
Income taxes - current			37	(189,578)	(33,554)	(156,024)
Income taxes - deferred			38	37,409	(21,257)	58,666

Net income			39	546,294	208,258	338,036


Total credit cost (24+27+28+29)			40	(161,142)	81,589	(242,731)
	Provision for general reserve for possible loan losses		41	(6,213)	156,280	(162,493)
	Write-off of loans		42	(2,997)	18,427	(21,424)
	Provision for specific reserve for possible loan losses		43	(132,320)	(87,769)	(44,551)
	Losses on sales of delinquent loans		44	(4,617)	9,413	(14,030)
	Provision for loan loss reserve for specific overseas countries		45	(14,996)	(14,743)	(253)
	Recoveries of written-off claims		46	3	(18)	21

Note: Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.

- 2 -

Sumitomo Mitsui Financial Group

2. Interest spread (domestic)


SMBC non-consolidated						(%)

			FY3/2022	Six months ended Sep. 30, 2021	Six months ended Mar. 31, 2022	FY3/2021
Yield on interest earning assets (A)			0.78	0.76	0.81	0.77
	Interest earned on loans and bills discounted (C)		0.84	0.85	0.83	0.84
	Interest earned on securities		0.90	0.71	1.07	0.74
Total cost of funding (including expenses) (B)			0.44	0.45	0.44	0.49
	Cost of interest bearing liabilities		0.02	0.02	0.02	0.02
		Interest paid on deposits, etc. (D)	0.00	0.00	0.00	0.00
		Interest paid on other liabilities	0.11	0.12	0.10	0.13
	Expense ratio		0.42	0.43	0.42	0.47
Overall interest spread (A) - (B)			0.34	0.31	0.37	0.28
	Interest spread (C) - (D)		0.84	0.85	0.83	0.84

	Reference: After deducting loans to the Japanese government, etc.
	Interest earned on loans and bills discounted (E)		0.86	0.86	0.85	0.86
	Interest spread (E) - (D)		0.86	0.86	0.85	0.86

3. Gains (losses) on securities


SMBC non-consolidated				(Millions of yen)

		FY3/2022	Change	FY3/2021
Gains (losses) on bonds		(42,364)	(122,347)	79,983
	Gains on sales	47,209	(82,418)	129,627
	Losses on sales	(79,820)	(30,393)	(49,427)
	Gains on redemption	0	0	0
	Losses on redemption	(9,753)	(9,536)	(217)
	Losses on devaluation	-	-	-

Gains (losses) on stocks		157,268	93,736	63,532
	Gains on sales	226,968	134,469	92,499
	Losses on sales	(16,573)	(9,880)	(6,693)
	Losses on devaluation	(53,126)	(30,853)	(22,273)

- 3 -

Sumitomo Mitsui Financial Group

4. Unrealized gains (losses) on securities


Consolidated											(Millions of yen)
					Mar. 31, 2022					Mar. 31, 2021
					Balance sheet amount	Net unrealized gains (losses)				Balance sheet amount	Net unrealized gains (losses) (b)

						(a)	(a) - (b)	Gains	Losses

	Held-to-maturity securities			1	25,741	(218)	(158)	-	218	22,300	(60)

	Other securities			2	38,114,923	2,277,209	(654,621)	2,880,645	603,435	36,411,230	2,931,830

		Stocks		3	3,403,392	2,033,658	(221,979)	2,058,958	25,300	3,693,283	2,255,637

		Bonds		4	19,560,308	(50,074)	(58,106)	16,875	66,949	17,655,237	8,032

			Japanese government bonds	5	15,774,197	(47,099)	(33,025)	329	47,428	14,293,610	(14,074)

		Others		6	15,151,221	293,625	(374,534)	804,811	511,185	15,062,708	668,159

			Foreign bonds	7	12,055,643	(448,785)	(450,127)	26,818	475,603	12,110,092	1,342

	Other money held in trust			8	310	-	-	-	-	309	-

	Total			9	38,140,975	2,276,990	(654,779)	2,880,645	603,654	36,433,840	2,931,769

		Stocks		10	3,403,392	2,033,658	(221,979)	2,058,958	25,300	3,693,283	2,255,637

		Bonds		11	19,586,050	(50,293)	(58,265)	16,875	67,168	17,677,537	7,972

		Others		12	15,151,532	293,625	(374,534)	804,811	511,185	15,063,018	668,159

SMBC non-consolidated											(Millions of yen)
					Mar. 31, 2022					Mar. 31, 2021
					Balance sheet amount	Net unrealized gains (losses)				Balance sheet amount	Net unrealized gains (losses) (b)

						(a)	(a) - (b)	Gains	Losses

	Held-to-maturity securities			13	22,300	(211)	(151)	-	211	22,300	(60)

	Stocks of subsidiaries and affiliates			14	4,649,722	14,450	134,619	14,450	-	4,239,133	(120,169)

	Other securities			15	34,290,501	1,782,389	(610,713)	2,327,489	545,100	33,009,866	2,393,102

		Stocks		16	3,202,163	1,961,948	(212,796)	1,984,961	23,012	3,509,647	2,174,744

		Bonds		17	19,625,238	(49,440)	(57,355)	16,829	66,270	17,571,190	7,915

			Japanese government bonds	18	15,769,196	(47,099)	(33,025)	329	47,428	14,288,609	(14,074)

		Others		19	11,463,099	(130,119)	(340,561)	325,698	455,817	11,929,029	210,442

			Foreign bonds	20	8,970,483	(403,084)	(362,403)	17,375	420,459	9,516,268	(40,681)

	Total			21	38,962,523	1,796,628	(476,245)	2,341,939	545,311	37,271,300	2,272,873

		Stocks		22	3,665,507	1,962,490	(213,016)	1,985,502	23,012	3,972,906	2,175,506

		Bonds		23	19,647,538	(49,651)	(57,506)	16,829	66,481	17,593,490	7,855

		Others		24	15,649,477	(116,210)	(205,722)	339,607	455,817	15,704,903	89,512


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 valuated 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.
		Net unrealized gains (losses) on Other securities include gains (losses) which are recognized in the statements of income by applying fair value hedge accounting and accordingly not recorded directly to Net assets (both SMFG consolidated and SMBC non-consolidated). Gains of 2,122 million yen and gains of 399 million yen were recognized in the statements of income for the year ended March 31, 2022 and for the year ended March 31, 2021, respectively.

- 4 -

Sumitomo Mitsui Financial Group

5. Balance of securities, classified by maturity

Balance of other securities with maturities and bonds of held-to-maturity


SMBC non-consolidated																	(Billions of yen)
		Mar. 31, 2022										Mar. 31, 2021

		1 year or less		More than 1 year to 5 years		More than 5 years to 10 years		More than 10 years		Total		1 year or less		More than 1 year to 5 years		More than 5 years to 10 years		More than 10 years		Total

Bonds			8,262.5		7,827.0		2,699.4		858.7		19,647.5		6,078.0		8,260.0		2,411.8		843.6	17,593.5
	Japanese government bonds		7,755.1		6,205.6		1,451.5		356.9		15,769.2		5,896.8		6,671.5		1,418.5		301.8	14,288.6
	Japanese local government bonds		0.1		283.2		830.6		11.4		1,125.4		7.2		206.7		528.9		12.2	754.9
	Japanese short-term bonds		302.0		-		-		-		302.0		-		-		-		-	-
	Japanese corporate bonds		205.3		1,338.2		417.2		490.3		2,451.0		174.1		1,381.9		464.4		529.6	2,550.0

Others			2,306.9		2,078.1		3,539.5		1,533.4		9,457.9		2,128.4		3,818.5		1,863.0		2,363.2	10,173.1

Total			10,569.4		9,905.1		6,238.8		2,392.1		29,105.4		8,206.4		12,078.5		4,274.8		3,206.8	27,766.6

6. Notional amount of interest rate swaps (under deferred hedge accounting), classified by remaining maturity

SMBC non-consolidated

(Billions of yen)


		Mar. 31, 2022				Mar. 31, 2021

		1 year or less	More than 1 year to 5 years	More than 5 years	Total	1 year or less	More than 1 year to 5 years	More than 5 years	Total
	Receivable fixed rate / payable floating rate	5,781.8	18,220.7	8,883.6	32,886.2	6,047.3	17,230.0	8,448.7	31,726.0
	Receivable floating rate / payable fixed rate	1,124.9	7,244.1	11,425.8	19,794.9	959.1	4,338.3	6,305.1	11,602.5
	Receivable floating rate / payable floating rate	2,060.0	-	-	2,060.0	-	-	-	-

Total		8,966.8	25,464.9	20,309.4	54,741.1	7,006.3	21,568.3	14,753.8	43,328.5

- 5 -

Sumitomo Mitsui Financial Group

7. Employee retirement benefits

Consolidated

(1) Projected benefit obligation


(Millions of yen)

			Mar. 31, 2022	Change	Mar. 31, 2021
Fair value of plan assets		(A)	1,643,211	15,470	1,627,741
Projected benefit obligation		(B)	1,061,029	(36,512)	1,097,541
Net surplus (deficit)		(A-B)	582,181	51,981	530,200
	Net defined benefit asset		623,045	57,511	565,534
	Net defined benefit liability		40,864	5,530	35,334

Measurements of defined benefit plans (before tax effect deduction)			(174,479)	10,546	(185,025)
	Unrecognized prior service cost (deductible from the obligation)		(12,395)	9,258	(21,653)
	Unrecognized net actuarial gain (loss)		(162,083)	1,289	(163,372)
(2) Retirement benefit expenses
(Millions of yen)

			FY3/2022	Change	FY3/2021
Retirement benefit expenses			(12,317)	(30,554)	18,237
SMBC non-consolidated
(1) Projected benefit obligation
					(Millions of yen)

			Mar. 31, 2022	Change	Mar. 31, 2021
Projected benefit obligation		(A)	906,023	(43,251)	949,274
	<Discount rate>		<0.61%>	<0.19%>	<0.42%>
	Fair value of plan assets	(B)	1,514,831	10,183	1,504,648
	Reserve for employee retirement benefits	(C)	-	-	-
	Prepaid pension cost	(D)	428,164	61,866	366,298
	Unrecognized prior service cost (deductible from the obligation)	(E)	(19,001)	2,651	(21,652)
	Unrecognized net actuarial gain (loss)	(A-B-C+D-E)	(161,642)	5,781	(167,423)
(2) Retirement benefit expenses
					(Millions of yen)

			FY3/2022	Change	FY3/2021
Retirement benefit expenses			(32,900)	(35,203)	2,303
	Service cost		21,471	(1,676)	23,147
	Interest cost on projected benefit obligation		3,986	975	3,011
	Expected returns on plan assets		(38,315)	(1,293)	(37,022)
	Amortization of unrecognized prior service cost		(2,651)	(442)	(2,209)
	Amortization of unrecognized net actuarial gain (loss)		(26,120)	(34,672)	8,552
	Others		8,729	1,905	6,824

- 6 -

Sumitomo Mitsui Financial Group

8. Classification based on self-assessment and the Banking Act and the Reconstruction Act,

and write-offs / reserves

LOGO


*1		“Risk-monitored loans” and “Non-performing loans (NPLs) based on the Financial Reconstruction Act” are disclosed as “NPLs based on the Banking Act and the Reconstruction Act” from March 31, 2022, due to the enforcement of “Cabinet Office Order to Partially Amend the Ordinance for Enforcement of the Banking Act” (Cabinet Office Order No.3) as of March 31, 2022.
*2		Includes direct reduction of 115.2 billion yen.
*3		Includes reserve for assets that are not subject to disclosure based on the Banking Act and the Reconstruction Act. (Bankrupt/Effectively bankrupt borrowers: 3.1 billion yen, Potentially bankrupt borrowers: 1.3 billion yen)
*4		Reserve ratios for claims on Bankrupt borrowers, Effectively bankrupt borrowers, Potentially bankrupt borrowers, Substandard borrowers and Borrowers requiring caution including Substandard borrowers are the proportion of the reserve for possible loan losses to each category’s total claims, excluding the portion secured by collateral or guarantees, etc.
*5		Reserve ratios for claims on Normal borrowers and Borrowers requiring caution (excluding claims to Substandard borrowers) are the proportion of the reserve for possible loan losses to the respective claims of each category.
		The reserve ratio for unsecured claims on Borrowers requiring caution (excluding claims to Substandard borrowers) is shown in [ ].
*6		Includes Specific reserve for Borrowers requiring caution totaling 0.3 billion yen.
*7		The proportion of the reserve to the claims, excluding the portion secured by collateral or guarantees, etc.

- 7 -

Sumitomo Mitsui Financial Group

9. Reserve for possible loan losses and reserve ratio



Consolidated					(Millions of yen, %)

		Mar. 31, 2022			Mar. 31, 2021
		(a)	Reserve Ratio (b)	(a) - (c)	(c)	Reserve Ratio (d)
Reserve for possible loan losses		817,784	70.65	158,767	659,017	68.18
	General reserve	512,280		12,465	499,815
	Specific reserve	284,458		125,511	158,947
	Loan loss reserve for specific overseas countries	21,044		20,790	254

	Amount of direct reduction	163,664		479	163,185


SMBC non-consolidated					(Millions of yen, %)

		Mar. 31, 2022			Mar. 31, 2021
		(a)	Reserve Ratio (b)	(a) - (c)	(c)	Reserve Ratio (d)
Reserve for possible loan losses		589,208	73.16	132,803	456,405	72.70
	General reserve	357,279		6,214	351,065
	Specific reserve	216,678		111,594	105,084
	Loan loss reserve for specific overseas countries	15,251		14,997	254

	Amount of direct reduction	115,195		(87)	115,282


Note:		Reserve ratio (Reserve for possible loan losses / NPLs based on the Banking Act and the Reconstruction Act (Excluding Normal Assets)) is after direct reduction.
		The reserve ratio is calculated by using the “NPLs based on the Banking Act and the Reconstruction Act” from March 31, 2022, due to the enforcement of “Cabinet Office Order to Partially Amend the Ordinance for Enforcement of the Banking Act” (Cabinet Office Order No.3) as of March 31, 2022.
		The reserve ratio is also based on the changed definition for the year ended March 31, 2021.

- 8 -

Sumitomo Mitsui Financial Group

10. Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act, and coverage


Consolidated					(Millions of yen, %)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)
	Bankrupt and quasi-bankrupt assets		99,256	(28,856)	128,112
	Doubtful assets		643,881	251,720	392,161
	Substandard loans		414,422	(31,824)	446,246
		Past due loans (3 months or more)	13,553	(2,612)	16,165
		Restructured loans	400,868	(29,212)	430,080
Total (A)			1,157,560	191,040	966,520

	Normal assets		106,019,459	7,860,294	98,159,165
	Grand total (B)		107,177,019	8,051,333	99,125,686
NPL ratio (A/B)			1.08	0.10	0.98

					(Millions of yen)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)
Total coverage (C)			775,284	134,904	640,380
	Reserve for possible loan losses (D)		353,708	141,120	212,588
	Amount recoverable by guarantees, collateral and others (E)		421,575	(6,216)	427,791

					(%)
Coverage ratio (C) / (A)			66.98	0.72	66.26
Coverage ratio calculated with total reserve for possible loan losses included in the numerator			107.07	(5.38)	112.45

					(%)
Reserve ratio to unsecured assets (D) / (A - E)			48.06	8.60	39.46
Reserve ratio calculated with total reserve for possible loan losses included in the numerator			111.11	(11.22)	122.33

SMBC non-consolidated					(Millions of yen, %)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)
	Bankrupt and quasi-bankrupt assets		79,168	(33,529)	112,697
	Doubtful assets		522,328	215,992	306,336
	Substandard loans		203,827	(4,934)	208,761
		Past due loans (3 months or more)	4,166	(2,294)	6,460
		Restructured loans	199,661	(2,640)	202,301
Total (A)			805,325	177,530	627,795

	Normal assets		103,323,468	7,896,722	95,426,746
	Grand total (B)		104,128,794	8,074,252	96,054,542
NPL ratio (A/B)			0.77	0.12	0.65

				(Millions of yen)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)
Total coverage (C)			641,393	128,433	512,960
	Reserve for possible loan losses (D)		283,465	125,474	157,991
	Amount recoverable by guarantees, collateral and others (E)		357,928	2,959	354,969
					(%)
Coverage ratio (C) / (A)			79.64	(2.07)	81.71
Coverage ratio calculated with total reserve for possible loan losses included in the numerator			117.61	(11.63)	129.24

					(%)
Reserve ratio to unsecured assets (D) / (A - E)			63.36	5.45	57.91
Reserve ratio calculated with total reserve for possible loan losses included in the numerator			131.70	(35.59)	167.29
Notes:	1. “Risk-monitored loans” and “Non-performing loans (NPLs) based on the Financial Reconstruction Act” are disclosed as “NPLs based on the Banking Act and the Reconstruction Act” from March 31, 2022, due to the enforcement of “Cabinet Office Order to Partially Amend the Ordinance for Enforcement of the Banking Act” (Cabinet Office Order No.3) as of March 31, 2022.
	2. Reserve for possible loan losses is sum of general reserve for substandard loans and specific reserve.

- 9 -

Sumitomo Mitsui Financial Group

11. Results of off-balancing of NPLs

SMBC non-consolidated

(Billions of yen)


			Mar. 31, 2022 (a)

				(a) - (b)	NPLs newly classified during FY3/2022	Amount of off-balancing	Mar. 31, 2021 (b)

	Bankrupt and quasi-bankrupt assets		79.2	(33.5)	13.3	(46.8)	112.7

	Doubtful assets		522.3	216.0	318.0	(102.0)	306.3

	Total		601.5	182.5	(*1) 331.3	(*1) (148.8)	419.0

Result of measures connected to off-balancing (*2)			70.4				96.5


		Breakdown of off-balancing by factor (*3)	Disposition by borrowers’ liquidation			(3.9)
			Reconstructive disposition			(16.6)
			Improvement in debtors’ performance due to reconstructive disposition			(3.1)
			Loan sales to market			(48.7)
			Direct write-offs			22.2
			Others			(98.7)
				Collection / repayment, etc.		(75.0)
				Improvement in debtors’ performance		(23.8)

			Total			(148.8)


*1	The amount of NPLs newly classified during the six months ended Sep. 30, 2021 and off-balanced in the six months ended Mar. 31, 2022 was 8.3 billion yen.
*2	The measures connected to off-balancing are legal reorganizations and other similar measures, corporate splits to good companies and bad companies, partial direct write-offs of retail exposure to individuals and small- and medium-sized enterprises, and trusts to RCC for the purpose of revitalization which is scheduled to be off-balanced before the maturity.
*3	1.	“Disposition by borrowers’ liquidation” refers to abandonment or write-off of loans involved in bankruptcy liquidation proceedings (bankruptcy or special liquidations).
	2.	“Reconstructive disposition” refers to abandonment of loans involved in reconstructive bankruptcy proceedings (corporate reorganization and civil rehabilitation), debt forgiveness involved in special mediation or other types of civil mediation, or debt forgiveness for restructuring involved in private reorganization.

- 10 -

Sumitomo Mitsui Financial Group

12. Loan portfolio, classified by industry

SMBC non-consolidated


(1) Loans and bills discounted, classified by industry		(Millions of yen, %)


		Mar. 31, 2022			Mar. 31, 2021
		(a)	Ratio	(a) - (b)	(b)	Ratio
Domestic offices (excluding Japan offshore banking accounts)		57,979,730	100.0	1,070,300	56,909,430	100.0
	Manufacturing	8,493,886	14.6	(29,235)	8,523,121	15.0
	Agriculture, forestry, fisheries and mining	282,456	0.5	20,005	262,451	0.5
	Construction	712,875	1.2	(22,965)	735,840	1.3
	Transportation, communications and public enterprises	5,610,952	9.7	313,616	5,297,336	9.3
	Wholesale and retail	4,707,818	8.1	(353,583)	5,061,401	8.9
	Finance and insurance	7,346,475	12.7	733,014	6,613,461	11.6
	Real estate	8,913,382	15.4	886,603	8,026,779	14.1
	Goods rental and leasing	2,151,537	3.7	(150,652)	2,302,189	4.0
	Various services	4,780,744	8.2	(14,696)	4,795,440	8.4
	Municipalities	505,703	0.9	(41,146)	546,849	1.0
	Others	14,473,898	25.0	(270,659)	14,744,557	25.9
Overseas offices and Japan offshore banking accounts		29,691,564	100.0	4,663,269	25,028,295	100.0
	Public sector	277,156	0.9	144,940	132,216	0.5
	Financial institutions	2,290,731	7.7	293,492	1,997,239	8.0
	Commerce and industry	25,319,809	85.3	4,381,358	20,938,451	83.7
	Others	1,803,867	6.1	(156,520)	1,960,387	7.8
Total		87,671,294	-	5,733,569	81,937,725	-

- 11 -

Sumitomo Mitsui Financial Group

(2) NPLs based on the Banking Act and the Reconstruction Act, classified by industry, and reserve ratio


					(Millions of yen, %)
		Mar. 31, 2022			Mar. 31, 2021
		(a)	Reserve ratio	(a) - (b)	(b)
Domestic offices (excluding Japan offshore banking accounts)		570,512	69.8	180,187	390,325
	Manufacturing	265,743	71.1	199,593	66,150
	Agriculture, forestry, fisheries and mining	3,794	59.9	74	3,720
	Construction	7,005	57.0	(1,240)	8,245
	Transportation, communications and public enterprises	35,831	65.3	12,534	23,297
	Wholesale and retail	69,704	70.7	(1,669)	71,373
	Finance and insurance	7,844	59.5	1,204	6,640
	Real estate	41,595	65.7	1,094	40,501
	Goods rental and leasing	413	51.7	(436)	849
	Various services	98,333	54.2	(26,849)	125,182
	Municipalities	-	-	-	-
	Others	40,245	100.0	(4,117)	44,362
Overseas offices and Japan offshore banking accounts		234,813	46.3	(2,657)	237,470
	Public sector	-	-	-	-
	Financial institutions	-	-	-	-
	Commerce and industry	208,095	45.3	(5,997)	214,092
	Others	26,718	57.0	3,340	23,378
Total		805,325	63.4	177,530	627,795


Notes:	1.	“Risk-monitored loans” and “Non-performing loans (NPLs) based on the Financial Reconstruction Act” are disclosed as “NPLs based on the Banking Act and the Reconstruction Act” from March 31, 2022, due to the enforcement of “Cabinet Office Order to Partially Amend the Ordinance for Enforcement of the Banking Act” (Cabinet Office Order No.3) as of March 31, 2022.

	2.	Reserve ratio = (Reserve for possible loan losses) / (Assets excluding amounts recoverable due to guarantees, collateral and others) X 100 Reserve for possible loan losses is sum of general reserve for substandard loans and specific reserve.

(3) Consumer loans outstanding


					(Millions of yen)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)
Consumer loans			11,781,522	(220,978)	12,002,500
	Housing loans		11,045,568	(193,725)	11,239,293
		Self-residential purpose	8,996,977	(84,714)	9,081,691
	Other consumer loans		735,954	(27,253)	763,207

(4) Loans to small- and medium-sized enterprises, etc.


			(Millions of yen, %)
	Mar. 31, 2022		Mar. 31, 2021
	(a)	(a) - (b)	(b)
Outstanding balance	33,866,536	338,130	33,528,406
Ratio to total loans	58.4	(0.5)	58.9

Note: Outstanding balance includes loans to individuals.

- 12 -

Sumitomo Mitsui Financial Group

13. Loan portfolio, classified by country

SMBC non-consolidated

(1) Loans outstanding, classified by major domicile

(Millions of yen, %)


		Mar. 31, 2022			Mar. 31, 2021
		(a)	Ratio	(a) - (b)	(b)	Ratio
Asia		7,973,085	27.9	868,549	7,104,536	29.2
	Indonesia	251,814	0.9	(64,449)	316,263	1.3
	Thailand	1,014,321	3.6	196,541	817,780	3.4
	Korea	383,346	1.3	80,722	302,624	1.2
	Hong Kong	2,035,918	7.1	149,142	1,886,776	7.8
	China	225,426	0.8	(31,141)	256,567	1.1
	Taiwan	567,280	2.0	48,353	518,927	2.1
	Singapore	1,856,947	6.5	227,289	1,629,658	6.7
	India	772,623	2.7	154,010	618,613	2.5
	Others	865,410	3.0	108,082	757,328	3.1
Oceania		2,150,953	7.5	226,897	1,924,056	7.9
	Australia	2,049,889	7.2	227,901	1,821,988	7.5
	Others	101,064	0.3	(1,004)	102,068	0.4
North America		9,561,468	33.4	1,770,398	7,791,070	32.0
	United States	7,557,826	26.4	1,432,816	6,125,010	25.2
	Others	2,003,642	7.0	337,582	1,666,060	6.8
Central and South America		1,729,899	6.1	252,748	1,477,151	6.1
	Brazil	333,149	1.2	72,385	260,764	1.1
	Panama	395,226	1.4	(6,587)	401,813	1.7
	Others	1,001,524	3.5	186,950	814,574	3.3
Western Europe		4,800,423	16.8	905,829	3,894,594	16.0
	United Kingdom	1,442,840	5.0	185,398	1,257,442	5.2
	Ireland	512,921	1.8	91,651	421,270	1.7
	Netherlands	741,801	2.6	59,641	682,160	2.8
	Others	2,102,861	7.4	569,139	1,533,722	6.3
Eastern Europe		213,029	0.7	31,583	181,446	0.7
	Russia	165,794	0.6	40,522	125,272	0.5
	Others	47,235	0.1	(8,939)	56,174	0.2
Others		2,164,238	7.6	198,174	1,966,064	8.1

Total		28,593,095	100.0	4,254,178	24,338,917	100.0

Note: Classified by domicile of debtors.

(2) NPLs based on the Banking Act and the Reconstruction Act, classified by domicile

(Millions of yen, %)


		Mar. 31, 2022			Mar. 31, 2021
		(a)	Reserve Ratio	(a) - (b)	(b)
Overseas Offices and Japan offshore banking accounts		234,813	46.3	(2,657)	237,470
	Asia	98,103	43.6	37,297	60,806
	Oceania	-	-	(1,126)	1,126
	North America	78,153	36.5	(10,519)	88,672
	Central and South America	20,733	90.5	(24,361)	45,094
	Western Europe	16,858	50.6	(8,347)	25,205
	Eastern Europe	-	-	-	-
	Others	20,964	64.2	4,399	16,565

- 13 -

Sumitomo Mitsui Financial Group

14. Balance of deposits and loans

SMBC non-consolidated

(1) Average balance of deposits and loans


					(Millions of yen)
			FY3/2022 (a)		FY3/2021
			FY3/2022 (a)	(a) - (b)	(b)

Deposits			137,255,361	7,277,239	129,978,122

	Domestic units		110,818,226	5,999,203	104,819,023


Loans			85,081,693	1,657,308	83,424,385

	Domestic units		52,724,332	(1,047,089)	53,771,421
Note: Deposits do not include negotiable certificates of deposit. (2) Balance of deposits and loans, classified by type of depositor
					(Millions of yen)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)

Deposits			141,015,245	6,329,663	134,685,582
	Domestic deposits (excluding Japan offshore banking accounts)		118,703,356	6,031,094	112,672,262

		Individuals	56,122,059	2,710,453	53,411,606

		Corporates	62,581,297	3,320,641	59,260,656


Loans			87,671,294	5,733,569	81,937,725
	Domestic offices (excluding Japan offshore banking accounts)		57,979,730	1,070,300	56,909,430

	Overseas offices and Japan offshore banking accounts		29,691,564	4,663,269	25,028,295
Note: Deposits do not include negotiable certificates of deposit. Reference:
					(Billions of yen)
			Mar. 31, 2022		Mar. 31, 2021
			(a)	(a) - (b)	(b)

Balance of investment trusts			3,176.6	557.5	2,619.1

	Balance to individuals		2,584.5	482.3	2,102.2
Note: Balance of investment trusts is recognized on a contract basis and measured according to each fund’s net asset balance at the period-end.
					(Billions of yen)
			FY3/2022		FY3/2021
			(a)	(a) - (b)	(b)
Sales of investment trusts to individuals			917.6	213.2	704.4

Sales of pension-type insurance to individuals			67.4	25.3	42.1

- 14 -

Sumitomo Mitsui Financial Group

15. Deferred tax assets and liabilities


(Billions of yen)

SMBC non-consolidated					Mar. 31, 2022	Change from Mar. 31, 2021	Mar. 31, 2021
(a)	Total deferred tax assets		(b-c)	1	335.5	88.0	247.5
	(b)	Subtotal of deferred tax assets		2	549.3	52.3	497.0
		Reserve for possible loan losses and write-off of loans		3	217.2	39.6	177.6
		Taxable write-off of securities		4	208.6	(0.4)	209.0
		Others		5	123.5	13.1	110.4
	(c) Valuation allowance			6	213.8	(35.7)	249.5
(d) Total deferred tax liabilities				7	557.0	(178.5)	735.5
	Net unrealized gains on other securities			8	491.3	(176.3)	667.6
	Others			9	65.7	(2.2)	67.9

Net deferred tax assets			(a-d)	10	(221.5)	266.5	(488.0)
	Amount corresponding to net deferred losses on hedges included in line 5 and net unrealized gains on other securities included in line 8			11	(462.0)	224.2	(686.2)
	Others			12	240.5	42.3	198.2

SMBC recognized deferred tax assets pursuant to paragraph 19 (classification 2) of the “Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ Guidance No.26). This is due to the fact that SMBC has generated steady taxable income, excluding amounts arising from extraordinary factors, in all of the current and past three fiscal years.

Reference: Income of final tax return before deducting operating loss carryforwards for the last 3 years


			(Billions of yen)

	FY3/2020	FY3/2021	FY3/2022
Income of final tax return before deducting operating loss carryforwards	540.5	546.5	653.9
Note: The figure for FY3/2022 was estimated at fiscal year closing.

- 15 -

Sumitomo Mitsui Financial Group

16. Capital ratio (BIS guidelines)

(Basel III basis)


Consolidated			(Billions of yen, %)
	Mar. 31, 2022 [Preliminary]		Mar. 31, 2021
	(a)	(a) - (b)	(b)

(1) Total capital ratio (4) / (7)	16.56	(2.05)	18.61

(2) Tier 1 capital ratio (5) / (7)	15.46	(1.50)	16.96

(3) Common equity Tier 1 capital ratio (6) / (7)	14.45	(1.55)	16.00

(4) Total capital	11,983.8	(305.5)	12,289.3

(5) Tier 1 capital	11,186.2	(13.1)	11,199.3

(6) Common equity Tier 1 capital	10,458.4	(104.4)	10,562.8

(7) Risk weighted assets	72,350.1	6,342.0	66,008.0

(8) Required capital (7) X 8%	5,788.0	507.4	5,280.6

(9) Leverage Ratio	5.17	(0.48)	5.65

SMBC consolidated

(1) Total capital ratio	15.78	(1.94)	17.72

(2) Tier 1 capital ratio	14.53	(1.36)	15.89

(3) Common equity Tier 1 capital ratio	12.67	(1.31)	13.98

(4) Leverage Ratio	4.82	(0.39)	5.21

SMBC non-consolidated

(1) Total capital ratio	14.77	(2.19)	16.96

(2) Tier 1 capital ratio	13.49	(1.59)	15.08

(3) Common equity Tier 1 capital ratio	11.53	(1.56)	13.09

(4) Leverage Ratio	4.51	(0.54)	5.05

17. ROE
Consolidated			(%)
	FY3/2022		FY3/2021
	(a)	(a) - (b)	(b)

ROE (denominator: Total stockholders’ equity)	7.3	1.9	5.4

Note:

ROE (denominator: Total stockholders’ equity)

Profit attributable to owners of parent

X 100

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

- 16 -

Sumitomo Mitsui Financial Group


18. Earnings targets and dividends forecast for FY3/2023
(1) Earnings targets
Consolidated		(Billions of yen)
	FY3/2023	FY3/2022 Result
Consolidated net business profit	1,235.0	1,152.9
Total credit cost	(210.0)	(274.4)
Ordinary profit	1,060.0	1,040.6
Profit attributable to owners of parent	730.0	706.6

SMBC non-consolidated		(Billions of yen)
	FY3/2023	FY3/2022 Result
Banking profit (before provision for general reserve for possible loan losses)	730.0	721.9
Total credit cost	(80.0)	(161.1)
Ordinary profit	710.0	746.0
Net income	490.0	546.3

(2) Dividends forecast
			(Yen)
	FY3/2023		FY3/2022

	Interim	Annual
Dividend per share for common stock	110	220	210
Reference:			(Billions of yen)
	FY3/2023		FY3/2022

	Interim	Annual
Total dividend	148.0	296.1	287.9

- 17 -

Sumitomo Mitsui Financial Group

Reference: Financial Statements of SMBC

1. Condensed balance sheet

SMBC non-consolidated

(Millions of yen)


	Mar. 31, 2022						Mar. 31, 2021
	(a)			(a) - (b)			(b)

Assets

Cash and due from banks		70,840,809			1,968,573			68,872,236

Call loans		2,234,818			(248,635	)		2,483,453

Receivables under resale agreements		1,645,410			(919,298	)		2,564,708

Receivables under securities borrowing transactions		1,863,080			275,267			1,587,813

Monetary claims bought		2,290,607			525,183			1,765,424

Trading assets		2,025,767			(422,648	)		2,448,415

Securities		38,238,579			1,751,354			36,487,225

Loans and bills discounted		87,671,294			5,733,569			81,937,725

Foreign exchanges		2,721,735			673,164			2,048,571

Other assets		5,291,974			1,000,636			4,291,338

Tangible fixed assets		766,477			(14,326	)		780,803

Intangible fixed assets		249,750			(8,773	)		258,523

Prepaid pension cost		428,164			61,866			366,298

Customers’ liabilities for acceptances and guarantees		12,285,466			1,759,077			10,526,389

Reserve for possible loan losses		(589,208	)		(132,803	)		(456,405	)

Reserve for possible losses on investments		-			115,791			(115,791	)

Total assets		227,964,729			12,117,997			215,846,732

Note: Amounts less than 1 million yen are rounded down.

- 18 -

Sumitomo Mitsui Financial Group

(Millions of yen)


	Mar. 31, 2022						Mar. 31, 2021
	(a)			(a) - (b)			(b)

Liabilities

Deposits		141,015,245			6,329,663			134,685,582

Negotiable certificates of deposit		13,108,797			404,897			12,703,900

Call money		680,893			9,371			671,522

Payables under repurchase agreements		14,626,237			2,746,743			11,879,494

Payables under securities lending transactions		305,779			(245,598	)		551,377

Commercial paper		1,229,180			251,071			978,109

Trading liabilities		1,558,679			(789,553	)		2,348,232

Borrowed money		26,700,215			1,874,333			24,825,882

Foreign exchanges		1,339,163			145,736			1,193,427

Bonds		720,847			(364,066	)		1,084,913

Due to trust account		2,321,699			103,098			2,218,601

Other liabilities		4,255,764			684,249			3,571,515

Reserve for employee bonuses		12,584			(761	)		13,345

Reserve for executive bonuses		1,150			(4	)		1,154

Reserve for point service program		870			267			603

Reserve for reimbursement of deposits		4,974			(4,271	)		9,245

Deferred tax liabilities		221,503			(266,461	)		487,964

Deferred tax liabilities for land revaluation		29,193			(410	)		29,603

Acceptances and guarantees		12,285,466			1,759,077			10,526,389

Total liabilities		220,418,246			12,637,381			207,780,865

Net assets

Capital stock		1,770,996			-			1,770,996

Capital surplus		1,774,554			-			1,774,554

Capital reserve		1,771,043			-			1,771,043

Other capital surplus		3,510			-			3,510

Retained earnings		3,079,860			169,466			2,910,394

Other retained earnings		3,079,860			169,466			2,910,394

Voluntary reserve for retirement allowances		1,656			-			1,656

Voluntary reserve		219,845			-			219,845

Retained earnings brought forward		2,858,358			169,466			2,688,892

Treasury stock		(210,003	)		-			(210,003	)

Total stockholders’ equity		6,415,408			169,466			6,245,942

Net unrealized gains (losses) on other securities		1,288,414			(430,877	)		1,719,291

Net deferred gains (losses) on hedges		(182,902	)		(258,043	)		75,141

Land revaluation excess		25,563			71			25,492

Total valuation and translation adjustments		1,131,074			(688,850	)		1,819,924

Total net assets		7,546,483			(519,383	)		8,065,866

Total liabilities and net assets		227,964,729			12,117,997			215,846,732

Note: Amounts less than 1 million yen are rounded down.

- 19 -

Sumitomo Mitsui Financial Group

2. Condensed income statement

SMBC non-consolidated


				(Millions of yen)


	FY3/2022				FY3/2021
	(a)		(a) - (b)		(b)
Ordinary income		2,477,287		193,931		2,283,356

Interest income		1,392,776		23,000		1,369,776

Interest on loans and discounts		945,143		(13,692)		958,835

Interest and dividends on securities		341,409		50,051		291,358

Trust fees		2,254		178		2,076

Fees and commissions		590,995		58,445		532,550

Trading income		5,157		(12,078)		17,235

Other operating income		248,075		(509)		248,584

Other income		238,029		124,896		113,133
Ordinary expenses		1,731,337		(115,957)		1,847,294

Interest expenses		301,679		(131,735)		433,414

Interest on deposits		36,987		(54,531)		91,518

Fees and commissions payments		192,556		(9,309)		201,865

Trading losses		74,753		74,303		450

Other operating expenses		91,090		38,261		52,829

General and administrative expenses		835,675		7,489		828,186

Other expenses		235,582		(94,964)		330,546

Ordinary profit		745,950		309,888		436,062

Extraordinary gains		1,365		(7,622)		8,987

Extraordinary losses		48,853		39,199		9,654

Income before income taxes		698,462		263,068		435,394

Income taxes - current		189,578		33,554		156,024

Income taxes - deferred		(37,409)		21,257		(58,666)

Total income taxes		152,168		54,810		97,358

Net income		546,294		208,258		338,036

Note: Amounts less than 1 million yen are rounded down.

- 20 -

Sumitomo Mitsui Financial Group

3. Statement of changes in net assets

SMBC non-consolidated


Year ended March 31, 2022																					(Millions of yen)
				Capital surplus					Retained earnings
									Other retained earnings
	Capital stock			Capital reserve			Other capital surplus		Voluntary reserve for retirement allowances			Voluntary reserve			Retained earnings brought forward			Treasury stock			Total stockholders’ equity
Balance at the beginning of the period		1,770,996			1,771,043			3,510		1,656			219,845			2,688,892			(210,003	)	6,245,942

Changes in the period

Cash dividends																(376,756	)				(376,756)

Net income																546,294					546,294
Reversal of land revaluation excess																(71	)				(71)
Net changes in items other than stockholders’ equity in the period

Net changes in the period		-			-			-		-			-			169,466			-		169,466

Balance at the end of the period		1,770,996			1,771,043			3,510		1,656			219,845			2,858,358			(210,003	)	6,415,408

													(Millions of yen	)
	Valuation and translation adjustments
	Net unrealized gains on other securities			Net deferred gains (losses) on hedges			Land revaluation excess		Total valuation and translation adjustments			Total net assets
Balance at the beginning of the period		1,719,291			75,141			25,492		1,819,924			8,065,866

Changes in the period

Cash dividends													(376,756	)

Net income													546,294
Reversal of land revaluation excess													(71	)
Net changes in items other than stockholders’ equity in the period		(430,876	)		(258,044	)		71		(688,849	)		(688,849	)

Net changes in the period		(430,876	)		(258,044	)		71		(688,849	)		(519,383	)
Balance at the end of the period		1,288,414			(182,902	)		25,563		1,131,074			7,546,483

Note: Amounts less than 1 million yen are rounded down.

- 21 -

Sumitomo Mitsui Finl (PK) (USOTC:SMFNF)
Historical Stock Chart
From Dec 2024 to Jan 2025

Click Here for more Sumitomo Mitsui Finl (PK) Charts.

Sumitomo Mitsui Finl (PK) (USOTC:SMFNF)
Historical Stock Chart
From Jan 2024 to Jan 2025

Sumitomo Mitsui Financial Group, Inc.

/s/ Jun Okahashi

Name: Jun Okahashi

Title: General Manager, Financial Accounting Dept.