SMFG 0001193125-25-119335 6-K Filing: May 14, 2025

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 May 2025

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 ☐

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:	Executive Officer & General Manager,<br><br>Financial Accounting Dept.

Date: May 14, 2025

Financial Results

Fiscal Year 3/2025

Supplementary Information -

Sumitomo Mitsui Financial Group, Inc.

Table of contents

Page

1.	Income analysis	Consolidated	Non-consolidated	…	1
2.	Interest spread (domestic)		Non-consolidated	…	3
3.	Gains (losses) on securities		Non-consolidated	…	3
4.	Unrealized gains (losses) on securities	Consolidated	Non-consolidated	…	4
5.	Balance of securities, classified by maturity		Non-consolidated	…	5
6.	Notional amount of interest rate swaps (under deferred hedge accounting), classified by remaining maturity		Non-consolidated	…	5
7.	Employee retirement benefits	Consolidated	Non-consolidated	…	6
8.	Classification based on self-assessment and the Banking Act and the Reconstruction Act, and write-offs / reserves		Non-consolidated	…	7
9.	Reserve for possible loan losses and reserve ratio	Consolidated	Non-consolidated	…	8
10.	Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act, and coverage	Consolidated	Non-consolidated	…	9
11.	Results of off-balancing of NPLs		Non-consolidated	…	10
12.	Loan portfolio, classified by industry		Non-consolidated	…	11
13.	Loan portfolio, classified by country		Non-consolidated	…	13
14.	Balance of deposits and loans		Non-consolidated	…	14
15.	Deferred tax assets and liabilities		Non-consolidated	…	15
16.	Capital ratio (BIS guidelines)	Consolidated	Non-consolidated	…	16
17.	ROE	Consolidated		…	16
18.	Earnings targets and dividends forecast for FY3/2026	Consolidated	Non-consolidated	…	17
Reference: Financial statements of SMBC			Non-consolidated	…	18
Notes	1.	Consolidated: Consolidated figures of Sumitomo Mitsui Financial Group, Inc. (“The Company”)
---	---	---
	2.	Non-consolidated: Non-consolidated figures of Sumitomo Mitsui Banking Corporation (“SMBC”)

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)
				FY3/2025		FY3/2024
					Change
Consolidated gross profit			1	4,126,746	387,928	3,738,818
	Net interest income		2	2,338,218	457,565	1,880,653
	Trust fees		3	9,733	1,538	8,195
	Net fees and commissions		4	1,559,176	77,146	1,482,030
	Net trading income		5	383,566	275,810	107,756
	Net other operating income		6	(163,949)	(424,132)	260,183
General and administrative expenses			7	(2,401,955)	(151,362)	(2,250,593)
Equity in gains (losses) of affiliates			8	(5,504)	(77,490)	71,986
Consolidated net business profit			9	1,719,286	159,075	1,560,211
Total credit cost			10	(344,547)	(70,518)	(274,029)
	Credit costs		11	(360,997)	(70,033)	(290,964)
		Write-off of<br>loans	12	(151,583)	(7,865)	(143,718)
		Provision for reserve for possible loan losses	13	(167,639)	(49,251)	(118,388)
		Others	14	(41,774)	(12,917)	(28,857)
	Recoveries of<br>written-off claims		15	16,449	(485)	16,934
Gains (losses) on stocks			16	509,847	260,030	249,817
Other income (expenses)			17	(165,103)	(95,233)	(69,870)
Ordinary profit			18	1,719,482	253,354	1,466,128
Extraordinary gains (losses)			19	(19,539)	104,239	(123,778)
	Gains (losses) on disposal of fixed assets		20	(11,753)	(3,513)	(8,240)
	Losses on impairment of fixed assets		21	(7,052)	6,644	(13,696)
	Losses related to sale of freight car leasing<br>business		22	-	108,191	(108,191)
	Gains on step acquisitions		23	-	(7,080)	7,080
Income before income taxes			24	1,699,943	357,594	1,342,349
Income taxes - current			25	(577,307)	(134,571)	(442,736)
Income taxes - deferred			26	64,242	(4,831)	69,073
Profit			27	1,186,877	218,190	968,687
Profit attributable to non-controlling interests			28	(8,881)	(3,141)	(5,740)
Profit attributable to owners of parent			29	1,177,996	215,050	962,946
Notes:	1. Amounts less than 1 million yen<br>are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
	2. Consolidated gross profit = (Interest income - Interest expenses) + Trust<br>fees + (Fees and commissions - Fees and commissions payments)<br><br>+ (Trading<br>income - Trading losses) + (Other operating income - Other operating expenses)
	Number of consolidated subsidiaries and affiliates
				Mar. 31, 2025		Mar. 31, 2024
					Change
	Consolidated subsidiaries		30	172	(3)	175
	Equity<br>method affiliates		31	244	(73)	317

Sumitomo Mitsui Financial Group

SMBC non-consolidated						(Millions of yen)
				FY3/2025		FY3/2024
					Change
Gross banking profit			1	2,256,559	371,361	1,885,198
	Gross domestic profit		2	1,064,815	228,003	836,812
		Net interest income	3	847,865	238,690	609,175
		Trust fees	4	3,437	435	3,002
		Net fees and commissions	5	251,826	3,264	248,562
		Net trading income	6	4,078	1,958	2,120
		Net other operating income	7	(42,393)	(16,345)	(26,048)
		Gains (losses) on bonds	8	(46,070)	(32,048)	(14,022)
	Gross international profit		9	1,191,744	143,358	1,048,386
		Net interest income	10	803,424	246,591	556,833
		Net fees and commissions	11	293,995	12,831	281,164
		Net trading income	12	168,116	295,947	(127,831)
		Net other operating income	13	(73,791)	(412,011)	338,220
		Gains (losses) on bonds	14	(9,123)	22,351	(31,474)
Expenses (excluding non-recurring losses)			15	(1,072,173)	(88,287)	(983,886)
Overhead ratio			16	47.5%	(4.7%)	52.2%
	Personnel expenses		17	(451,463)	(33,196)	(418,267)
	Non-personnel expenses		18	(553,838)	(45,763)	(508,075)
	Taxes		19	(66,872)	(9,329)	(57,543)
Banking profit (before provision for general reserve for possible loan losses)			20	1,184,386	283,075	901,311
Gains (losses) on bonds			21	(55,194)	(9,697)	(45,497)
	Core Banking Profit (20-21)		22	1,239,580	292,771	946,809
		excluding gains (losses) on cancellation of investment<br>trusts	23	1,155,583	229,559	926,024
Provision for general reserve for possible loan losses			24	(103,499)	(82,840)	(20,659)
Banking profit			25	1,080,886	200,234	880,652
Non-recurring gains (losses)			26	407,176	247,358	159,818
	Credit costs		27	(47,278)	28,535	(75,813)
	Gains on reversal of reserve for possible loan losses		28	-	-	-
	Recoveries of written-off claims		29	0	(214)	214
	Gains (losses) on stocks		30	486,093	250,156	235,937
	Other non-recurring gains (losses)		31	(31,639)	(31,120)	(519)
Ordinary profit			32	1,488,062	447,591	1,040,471
Extraordinary gains (losses)			33	(9,479)	(2,232)	(7,247)
	Gains (losses) on disposal of fixed assets		34	(7,607)	(3,885)	(3,722)
	Losses on impairment of fixed assets		35	(1,871)	1,654	(3,525)
Income before income taxes			36	1,478,583	445,360	1,033,223
Income taxes - current			37	(440,708)	(133,795)	(306,913)
Income taxes - deferred			38	30,691	(5,645)	36,336
Net income			39	1,068,566	305,920	762,646
Total credit cost (24+27+28+29)			40	(150,778)	(54,520)	(96,258)
	Provision for general reserve for possible loan losses		41	(103,499)	(82,840)	(20,659)
	Write-off of loans		42	(10,806)	13,138	(23,944)
	Provision for specific reserve for possible loan losses		43	(14,940)	32,098	(47,038)
	Losses on sales of delinquent loans		44	(16,037)	(12,156)	(3,881)
	Provision for loan loss reserve for specific overseas countries		45	(5,494)	(4,545)	(949)
	Recoveries of written-off claims		46	0	(214)	214

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

Sumitomo Mitsui Financial Group

2. Interest spread (domestic)

SMBC non-consolidated						(%)
			FY3/2025			FY3/2024
				Six months<br><br>ended<br><br>Sep. 30, 2024	Six months<br><br>ended<br><br>Mar. 31, 2025
Yield on interest earning assets (A)			0.66	0.61	0.70	0.56
	Interest earned<br>on loans and bills discounted (C)		1.02	0.94	1.09	0.84
	Interest earned on securities		1.32	1.58	1.05	0.81
Total cost of funding (including expenses) (B)			0.53	0.49	0.57	0.43
	Cost of interest bearing liabilities		0.09	0.06	0.12	0.02
		Interest paid on<br>deposits, etc. (D)	0.06	0.03	0.09	0.00
		Interest paid on other liabilities	0.32	0.28	0.36	0.19
	Expense<br>ratio		0.43	0.42	0.44	0.41
Overall interest spread (A) - (B)			0.13	0.12	0.13	0.13
	Interest<br>spread (C) - (D)		0.96	0.91	1.00	0.84
Note:	From FY3/2025, the yield on interest earning assets was calculated by considering interest earning portion of the deposit with the Bank of Japan, and this change was retroactively applied<br>to FY3/2024.

	Reference: After deducting loans to the Japanese government, etc.
	Interest earned on loans and bills discounted (E)		1.04	0.97	1.12	0.86
	Interest<br>spread (E) - (D)		0.98	0.94	1.03	0.86
3. Gains (losses) on securities
SMBC non-consolidated						(Millions of yen)
				FY3/2025		FY3/2024
					Change
Gains (losses) on bonds				(55,194)	(9,697)	(45,497)
	Gains on sales			56,115	17,968	38,147
	Losses on sales			(105,946)	(26,353)	(79,593)
	Gains on redemption			0	0	0
	Losses on redemption			(5,363)	(1,312)	(4,051)
	Losses on<br>devaluation			-	-	-

Gains (losses) on stocks				486,093	250,156	235,937
	Gains on sales			533,438	225,993	307,445
	Losses on sales			(17,345)	(11,907)	(5,438)
	Losses on<br>devaluation			(29,998)	36,072	(66,070)

Sumitomo Mitsui Financial Group

4. Unrealized gains (losses) on securities

Consolidated											(Millions of yen)
					Mar. 31, 2025					Mar. 31, 2024
					Balance sheet amount	Net unrealized gains (losses)				Balance sheet amount	Net unrealized gains (losses)<br>(b)
						(a)	(a) - (b)	Gains	Losses
	Held-to-maturity securities			1	274,414	(6,174)	(4,769)	-	6,174	234,095	(1,405)
	Other securities			2	39,776,760	2,806,023	(587,072)	3,546,118	740,095	36,132,798	3,393,095
		Stocks		3	3,045,167	1,960,926	(876,091)	1,965,943	5,016	4,119,760	2,837,017
		Bonds		4	13,893,477	(144,837)	(44,696)	7,508	152,345	10,760,383	(100,141)
			Japanese government bonds	5	11,180,546	(52,395)	2,429	104	52,500	7,547,376	(54,824)
		Others		6	22,838,114	989,933	333,715	1,572,666	582,733	21,252,655	656,218
			Foreign bonds	7	17,424,744	(449,098)	241,481	83,706	532,804	16,836,216	(690,579)
	Other money held in trust			8	520	-	-	-	-	315	-
	Total			9	40,051,695	2,799,849	(591,840)	3,546,118	746,269	36,367,210	3,391,689
		Stocks		10	3,045,167	1,960,926	(876,091)	1,965,943	5,016	4,119,760	2,837,017
		Bonds		11	14,167,892	(151,011)	(49,464)	7,508	158,519	10,994,479	(101,547)
		Others		12	22,838,635	989,933	333,715	1,572,666	582,733	21,252,970	656,218
SMBC non-consolidated											(Millions of yen)
					Mar. 31, 2025					Mar. 31, 2024
					Balance sheet amount	Net unrealized gains (losses)				Balance sheet amount	Net unrealized gains (losses)<br>(b)
						(a)	(a) - (b)	Gains	Losses
	Held-to-maturity securities			13	22,300	(1,158)	(680)	-	1,158	22,300	(478)
	Stocks of subsidiaries and affiliates			14	5,009,805	(70,058)	11,650	19,490	89,548	4,945,212	(81,708)
	Other securities			15	33,564,599	1,774,438	(753,303)	2,498,161	723,723	30,599,803	2,527,741
		Stocks		16	2,693,563	1,817,170	(841,837)	1,822,127	4,957	3,709,291	2,659,007
		Bonds		17	13,835,139	(140,894)	(42,645)	7,521	148,416	10,943,768	(98,249)
			Japanese government bonds	18	11,180,546	(52,395)	2,429	104	52,500	7,547,376	(54,824)
		Others		19	17,035,896	98,162	131,177	668,512	570,349	15,946,743	(33,015)
			Foreign bonds	20	12,711,011	(458,910)	203,312	61,892	520,802	12,426,880	(662,222)
	Total			21	38,596,705	1,703,221	(742,334)	2,517,651	814,430	35,567,315	2,445,555
		Stocks		22	2,987,917	1,818,870	(842,764)	1,823,828	4,957	4,004,093	2,661,634
		Bonds		23	13,857,439	(142,052)	(43,324)	7,521	149,574	10,966,068	(98,728)
		Others		24	21,751,347	26,402	143,752	686,301	659,898	20,597,152	(117,350)
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.

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, 2025										Mar. 31, 2024
		1 year<br>or less		More than<br>1 year to<br>5 years		More than<br>5 years to<br>10 years		More than<br>10 years		Total		1 year<br>or less		More than<br>1 year to<br>5 years		More than<br>5 years to<br>10 years		More than<br>10 years		Total
Bonds			10,374.0		2,320.2		692.5		470.7		13,857.4		6,501.1		2,577.7		1,167.7		719.6	10,966.1
	Japanese government<br>bonds		9,663.6		1,352.8		39.6		124.5		11,180.5		5,793.3		1,322.7		119.5		311.8	7,547.4
	Japanese local<br><br>government bonds		126.0		268.0		417.1		4.0		815.1		71.4		264.7		700.8		9.8	1,046.7
	Japanese short-term<br><br>bonds		49.9		-		-		-		49.9		319.9		-		-		-	319.9
	Japanese corporate<br><br>bonds		534.4		699.4		235.8		342.2		1,811.8		316.5		990.2		347.3		398.0	2,052.1
Others			2,665.0		4,342.5		2,314.9		4,766.7		14,089.0		3,213.2		4,248.1		1,570.5		4,044.6	13,076.4
Total			13,039.0		6,662.6		3,007.4		5,237.4		27,946.4		9,714.3		6,825.8		2,738.2		4,764.2	24,042.5

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

SMBC non-consolidated		(Billions of yen)
		Mar. 31, 2025				Mar. 31, 2024
---	---	:---:	---	---	---	:---:	---	---	---
		1 year<br>or less	More than<br>1 year to<br>5 years	More than<br>5 years	Total	1 year<br>or less	More than<br>1 year to<br>5 years	More than<br>5 years	Total
	Receivable fixed rate<br>/ payable floating rate	6,123.9	28,228.2	11,046.2	45,398.3	4,285.0	24,030.3	5,612.4	33,927.7
	Receivable floating rate<br>/ payable fixed rate	1,101.7	9,181.4	13,470.7	23,753.7	1,223.6	7,761.0	10,739.1	19,723.7
	Receivable floating rate<br>/ payable floating rate	425.0	-	-	425.0	-	-	-	-
Total		7,650.6	37,409.6	24,516.9	69,577.0	5,508.7	31,791.3	16,351.5	53,651.4

Sumitomo Mitsui Financial Group

7. Employee retirement benefits

Consolidated

(1) Projected benefit obligation

					(Millions of yen)
			Mar. 31, 2025		Mar. 31, 2024
				Change
Fair value of plan assets		(A)	1,805,602	(15,617)	1,821,219
Projected benefit obligation		(B)	852,205	(92,485)	944,690
Net surplus (deficit)		(A-B)	953,397	76,869	876,528
	Net defined benefit asset		987,288	73,497	913,791
	Net defined benefit liability		33,890	(3,373)	37,263

Measurements of defined benefit plans (before tax effect deduction)			(404,307)	5,465	(409,772)
	Unrecognized prior service cost (deductible from<br>the obligation)		(9,408)	2,390	(11,798)
	Unrecognized net<br>actuarial gain (loss)		(394,898)	3,076	(397,974)
(2) Retirement benefit expenses
					(Millions of yen)
			FY3/2025		FY3/2024
				Change
Retirement benefit expenses			(26,369)	(17,641)	(8,728)
SMBC<br>non-consolidated
(1) Projected benefit obligation
					(Millions of yen)
			Mar. 31, 2025		Mar. 31, 2024
				Change
Projected benefit obligation		(A)	709,650	(83,541)	793,191
	<Discount rate>		<1.95%>	<0.69%>	<1.26%>
	Fair value of plan assets	(B)	1,674,216	(15,254)	1,689,470
	Reserve for employee retirement benefits	(C)	-	-	-
	Prepaid pension cost	(D)	558,899	79,211	479,688
	Unrecognized prior service cost (deductible from the obligation)	(E)	(11,047)	2,651	(13,698)
	Unrecognized net actuarial<br>gain (loss)	(A-B-C+D-E)	(394,619)	8,273	(402,892)
(2) Retirement benefit expenses
					(Millions of yen)
			FY3/2025		FY3/2024
				Change
Retirement benefit expenses			(50,869)	(20,007)	(30,862)
	Service cost		16,753	(1,820)	18,573
	Interest cost on projected benefit obligation		9,994	2,336	7,658
	Expected returns on plan assets		(45,704)	(6,454)	(39,250)
	Amortization of unrecognized prior service cost		(2,651)	-	(2,651)
	Amortization of unrecognized net actuarial gain<br>(loss)		(37,739)	(11,673)	(26,066)
	Others		8,478	(2,396)	10,874

Sumitomo Mitsui Financial Group

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

LOGO

*1	Includes direct reduction of 197.8 billion yen.
*2	Partially includes reserve for assets that is not subject to disclosure based on the Banking Act and the Reconstruction Act.<br><br>(Bankrupt/Effectively bankrupt borrowers: 3.0 billion yen, Potentially bankrupt borrowers: 7.2 billion yen)
*3	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<br>for possible loan losses to each category’s total claims, excluding the portion secured by collateral or guarantees, etc.
*4	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<br>category.
	The reserve ratio for unsecured claims on Borrowers requiring caution (excluding claims to Substandard borrowers) is shown in [ ].
*5	Includes Specific reserve for Borrowers requiring caution totaling 0.0 billion yen.
*6	The proportion of the reserve to the claims, excluding the portion secured by collateral or guarantees, etc.

Sumitomo Mitsui Financial Group

9. Reserve for possible loan losses and reserve ratio

Consolidated						(Millions of yen, %)
		Mar. 31, 2025			Mar. 31, 2024
		(a)	Reserve Ratio<br><br>(b)	(a) - (c)	(c)	Reserve Ratio<br><br>(d)
Reserve for possible loan losses		925,931	105.02	108,353	817,578	79.91
	General reserve	727,715		131,734	595,981
	Specific reserve	176,280		(26,201)	202,481
	Loan loss reserve for specific overseas countries	21,935		2,820	19,115
	Amount of direct reduction	242,971		(7,870)	250,841
SMBC non-consolidated						(Millions of yen, %)
		Mar. 31, 2025			Mar. 31, 2024
		(a)	Reserve Ratio (b)	(a) - (c)	(c)	Reserve Ratio<br><br>(d)
Reserve for possible loan losses		625,538	116.60	102,153	523,385	83.08
	General reserve	500,305		103,499	396,806
	Specific reserve	103,319		(6,842)	110,161
	Loan loss reserve for specific overseas countries	21,912		5,495	16,417
	Amount of direct reduction	197,764		(11,148)	208,912

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.

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, 2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
	Bankrupt and quasi-bankrupt assets		75,234	(84,952)	160,186
	Doubtful assets		454,767	(107,859)	562,626
	Substandard loans		351,693	51,371	300,322
		Past due loans (3 months or<br>more)	60,843	2,478	58,365
		Restructured loans	290,850	48,893	241,957
Total (A)			881,696	(141,439)	1,023,135
	Normal assets		130,080,805	5,049,175	125,031,630
	Grand total (B)		130,962,501	4,907,736	126,054,765
NPL ratio (A/B)			0.67	(0.14)	0.81
					(Millions of yen)
			Mar. 31, 2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
Total coverage (C)			537,125	(159,683)	696,808
	Reserve for possible loan losses (D)		201,766	(19,207)	220,973
	Amount recoverable by guarantees, collateral and<br>others (E)		335,359	(140,476)	475,835
					(%)
Coverage ratio (C) / (A)			60.92	(7.19)	68.11
Coverage ratio calculated with total reserve for possible loan losses included in the numerator			143.05	16.63	126.42
					(%)
Reserve ratio to unsecured assets (D) / (A - E)			36.93	(3.45)	40.38
Reserve ratio calculated with total reserve for possible loan losses included in the numerator			169.48	20.10	149.38
SMBC non-consolidated					(Millions of yen, %)
			Mar. 31, 2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
	Bankrupt and quasi-bankrupt assets		55,794	(75,385)	131,179
	Doubtful assets		323,461	(54,405)	377,866
	Substandard loans		157,232	36,286	120,946
		Past due loans (3 months or<br>more)	21,665	(20)	21,685
		Restructured loans	135,566	36,306	99,260
Total (A)			536,487	(93,505)	629,992
	Normal assets		122,870,459	3,175,568	119,694,891
	Grand total (B)		123,406,947	3,082,064	120,324,883
NPL ratio (A/B)			0.43	(0.09)	0.52
					(Millions of yen)
			Mar. 31, 2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
Total coverage (C)			438,168	(125,832)	564,000
	Reserve for possible loan losses (D)		150,039	12,577	137,462
	Amount<br>recoverable by guarantees, collateral and others (E)		288,129	(138,409)	426,538
					(%)
Coverage ratio (C) / (A)			81.67	(7.86)	89.53
Coverage ratio calculated with total reserve for possible loan losses included in the numerator			170.31	19.53	150.78
					(%)
Reserve ratio to unsecured assets (D) / (A - E)			60.41	(7.15)	67.56
Reserve ratio calculated with total reserve for possible loan losses included in the numerator			251.87	(5.38)	257.25

Note: Reserve for possible loan losses is a sum of general reserve for substandard loans and specific reserve.

Sumitomo Mitsui Financial Group

11. Results of off-balancing of NPLs

SMBC non-consolidated

(Billions of yen)

					Mar. 31, 2025<br><br>(a)	(a) - (b)	NPLs<br><br>newly classified<br><br>during<br><br>FY3/2025	Amount of<br><br>off-balancing	Mar. 31, 2024<br><br>(b)
	Bankrupt and quasi-bankrupt assets				55.8	(75.4)	11.1	(86.5)	131.2
	Doubtful assets				323.5	(54.4)	189.3	(243.7)	377.9
	Total				379.3	(129.8)	(*1) 200.4	(*1) (330.2)	509.0
Result of measures connected<br>to off-balancing (*2)					38.3				116.6

			Breakdown of<br><br>off-balancing<br><br>by factor (*3)		Disposition by borrowers’ liquidation			(3.9)
					Reconstructive disposition			(4.8)
					Improvement in debtors’ performance due to reconstructive disposition			-
					Loan sales to market			(44.7)
					Direct write-offs			10.1
					Others			(286.9)
						Collection / repayment, etc.		(196.6)
						Improvement in debtors’ performance		(90.3)
					Total			(330.2)
*1		The amount of NPLs newly classified during the six months ended Sep. 30, 2024 and off-balanced in the six months ended Mar. 31, 2025 was 41.9 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<br>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<br>the maturity.
*3		1.		“Disposition by borrowers’ liquidation” refers to abandonment or write-off of loans involved in bankruptcy liquidation proceedings (bankruptcy or special<br>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<br>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, 2025			Mar. 31, 2024
		(a)	Ratio	(a) - (b)	(b)	Ratio
Domestic offices<br>(excluding Japan offshore banking accounts)		67,445,102	100.0	2,950,182	64,494,920	100.0
	Manufacturing	10,469,032	15.5	791,632	9,677,400	15.0
	Agriculture, forestry, fisheries and mining	250,608	0.4	17,994	232,614	0.4
	Construction	965,649	1.4	3,272	962,377	1.5
	Transportation, communications and public enterprises	6,389,453	9.5	526,472	5,862,981	9.1
	Wholesale and retail	5,248,452	7.8	122,470	5,125,982	8.0
	Finance and insurance	9,133,482	13.5	1,142,642	7,990,840	12.4
	Real estate	12,247,123	18.2	1,132,933	11,114,190	17.2
	Goods rental and leasing	2,621,740	3.9	154,762	2,466,978	3.8
	Various services	4,857,473	7.2	(445,770)	5,303,243	8.2
	Municipalities	494,711	0.7	(107,951)	602,662	0.9
	Others	14,767,373	21.9	(388,275)	15,155,648	23.5
Overseas offices and Japan offshore banking accounts		37,070,490	100.0	440,698	36,629,792	100.0
	Public sector	580,789	1.6	43,698	537,091	1.5
	Financial institutions	3,062,663	8.2	(1,883)	3,064,546	8.4
	Commerce and industry	31,500,507	85.0	434,262	31,066,245	84.8
	Others	1,926,528	5.2	(35,380)	1,961,908	5.3
Total		104,515,592	-	3,390,880	101,124,712	-

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, 2025			Mar. 31, 2024
			(a)	Reserve<br>ratio	(a) - (b)	(b)
Domestic offices			265,708	65.9	(151,714)	417,422
(excluding Japan offshore<br>banking accounts)
	Manufacturing		88,062	61.8	(8,350)	96,412
	Agriculture, forestry, fisheries and mining		547	93.0	(410)	957
	Construction		5,526	59.6	(1,230)	6,756
	Transportation, communications and public enterprises		17,590	58.3	(2,074)	19,664
	Wholesale and retail		44,865	50.6	(25,062)	69,927
	Finance and insurance		5,553	98.5	327	5,226
	Real estate		17,709	70.6	(13,296)	31,005
	Goods rental and leasing		287	53.5	29	258
	Various services		58,426	61.3	(97,993)	156,419
	Municipalities		-	-	-	-
	Others		27,140	100.0	(3,653)	30,793
Overseas offices and Japan offshore banking accounts			270,779	56.4	58,210	212,569
	Public sector		-	-	-	-
	Financial institutions		-	-	-	-
	Commerce and industry		265,994	55.0	57,958	208,036
	Others		4,785	96.9	252	4,533
Total			536,487	60.4	(93,505)	629,992
Note:		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,<br>2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
Consumer loans			12,085,325	109,632	11,975,693
	Housing loans		11,293,829	79,835	11,213,994
		Self-residential purpose	9,491,350	153,561	9,337,789
	Other consumer loans		791,495	29,797	761,698
(4) Loans to small- and<br>medium-sized enterprises, etc.
					(Millions of yen, %)
			Mar. 31,<br>2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
Outstanding balance			40,074,231	1,993,939	38,080,292
Ratio to total loans			59.4	0.4	59.0

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, 2025			Mar. 31, 2024
		(a)	Ratio	(a) - (b)	(b)	Ratio
Asia		7,465,786	20.7	(898,898)	8,364,684	23.6
	Indonesia	212,654	0.6	(45,951)	258,605	0.7
	Thailand	1,136,891	3.1	20,765	1,116,126	3.1
	Korea	432,157	1.2	(35,577)	467,734	1.3
	Hong Kong	1,116,490	3.1	(301,346)	1,417,836	4.0
	China	78,520	0.2	(31,266)	109,786	0.3
	Taiwan	353,185	1.0	(181,626)	534,811	1.5
	Singapore	2,128,902	5.9	(269,339)	2,398,241	6.8
	India	1,209,218	3.4	88,200	1,121,018	3.2
	Others	797,769	2.2	(142,758)	940,527	2.7
Oceania		2,995,754	8.4	252,207	2,743,547	7.7
	Australia	2,904,844	8.1	248,767	2,656,077	7.5
	Others	90,910	0.3	3,440	87,470	0.2
North America		14,697,038	41.1	851,882	13,845,156	39.1
	United States	11,404,093	31.9	392,254	11,011,839	31.1
	Others	3,292,945	9.2	459,628	2,833,317	8.0
Central and South America		2,331,048	6.5	(52,244)	2,383,292	6.7
	Brazil	408,353	1.1	(6,057)	414,410	1.1
	Panama	430,086	1.2	11,287	418,799	1.2
	Others	1,492,609	4.2	(57,474)	1,550,083	4.4
Western Europe		5,109,938	14.3	86,342	5,023,596	14.2
	United Kingdom	1,108,313	3.1	(142,698)	1,251,011	3.6
	Ireland	552,183	1.5	46,588	505,595	1.4
	Netherlands	711,897	2.0	(72,917)	784,814	2.2
	Others	2,737,545	7.7	255,369	2,482,176	7.0
Eastern Europe		200,805	0.6	(36,740)	237,545	0.7
	Russia	157,189	0.5	(22,152)	179,341	0.5
	Others	43,616	0.1	(14,588)	58,204	0.2
Others		2,996,862	8.4	179,344	2,817,518	8.0
Total		35,797,231	100.0	381,893	35,415,338	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, 2025				Mar. 31, 2024
			(a)		Reserve<br>Ratio	(a) - (b)	(b)
Overseas Offices and<br><br>Japan offshore banking accounts			270,779		56.4	58,210	212,569
	Asia		89,493		66.1	(20,383)	109,876
	Oceania		8,695		55.0	8,461	234
	North America		41,543		62.8	(2,826)	44,369
	Central and South America		26,540		93.2	1,841	24,699
	Western Europe		78,287		45.3	71,312	6,975
	Eastern Europe		18,453		33.1	(135)	18,588
	Others		7,766		76.6	(59)	7,825
Notes:		1.		Reserve ratio
---	---	---:	---	---
				= (Reserve for possible loan losses)/(Assets excluding amounts recoverable due to gurarantees, collateral and others) X 100<br><br>Reserve for possible loan losses is sum of general reserve for substandard loans and specific reserve.
		2.		Classified by domicile of debtors.

13 -

Sumitomo Mitsui Financial Group

14. Balance of deposits and loans

SMBC non-consolidated

(1) Average balance of deposits and loans

					(Millions of yen)
			FY3/2025		FY3/2024
			(a)	(a) - (b)	(b)
Deposits			157,441,082	4,572,919	152,868,163
	Domestic units		124,093,217	4,101,478	119,991,739

Loans			102,868,724	5,650,842	97,217,882
	Domestic units		61,183,879	3,342,453	57,841,426
Note: Deposits do not include negotiable certificates of<br>deposit.<br><br>(2) Balance of deposits and loans, classified by type of depositor
					(Millions of yen)
			Mar. 31, 2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
Deposits			159,731,671	6,237,234	153,494,437
	Domestic deposits<br>(excluding Japan offshore banking accounts)		130,824,317	3,156,186	127,668,131
		Individuals	61,219,126	1,411,530	59,807,596
		Corporates	69,605,191	1,744,656	67,860,535

Loans			104,515,592	3,390,880	101,124,712
	Domestic offices<br>(excluding Japan offshore banking accounts)		67,445,102	2,950,182	64,494,920
	Overseas offices and Japan offshore banking accounts		37,070,490	440,698	36,629,792
Note: Deposits do not include negotiable certificates of<br>deposit.<br><br>Reference:
					(Billions of yen)
			Mar. 31, 2025		Mar. 31, 2024
			(a)	(a) - (b)	(b)
Balance of investment trusts			4,623.7	171.2	4,452.5
	Balance to individuals		3,654.7	90.4	3,564.3
Note: Balance of investment trusts is recognized on a<br>contract basis and measured according to each fund’s net asset balance at the period-end.
					(Billions of yen)
			FY3/2025		FY3/2024
			(a)	(a) - (b)	(b)
Sales of investment trusts to individuals			755.2	109.2	646.0
Sales of pension-type insurance to individuals			62.6	(37.6)	100.2

14 -

Sumitomo Mitsui Financial Group

15. Deferred tax assets and liabilities

							(Billions of yen)
SMBC non-consolidated					Mar. 31, 2025	Change from<br>Mar. 31, 2024	Mar. 31, 2024
(a)	Total deferred tax assets		(b-c)	1	478.4	95.5	382.9
	(b)	Subtotal of deferred tax assets		2	619.2	132.4	486.8
		Reserve for possible loan losses and<br><br>write-off of loans		3	259.0	33.2	225.8
		Taxable write-off of securities		4	92.0	2.6	89.4
		Others		5	268.2	96.6	171.6
	(c) Valuation<br>allowance			6	140.8	36.9	103.9
(d) Total deferred tax liabilities				7	610.6	(202.1)	812.7
	Net unrealized gains (losses) on other securities			8	496.8	(223.0)	719.8
	Others			9	113.8	20.9	92.9
Net deferred tax assets			(a-d)	10	(132.2)	297.6	(429.8)
	Amount corresponding<br>to net deferred (gains) losses on hedges included in line 5 and net unrealized (gains) losses on other securities included in line 8			11	(418.4)	265.9	(684.3)
	Others			12	286.2	31.7	254.5
SMBC recognized deferred tax assets pursuant to paragraph 19 (classification 2) of the “Implementation Guidance<br>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)
	FY3/2023	FY3/2024	FY3/2025
Income of final tax return<br><br>before deducting operating loss carryforwards	621.2	1,104.6	1,491.1
Note: The figure for FY3/2025 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, 2025<br>[Preliminary]		Mar. 31, 2024
	(a)	(a) - (b)	(b)
(1) Total capital ratio (4) / (7)	15.18	(0.11)	15.29
(2) Tier 1 capital ratio (5) / (7)	14.23	(0.10)	14.33
(3) Common equity Tier 1 capital ratio (6) / (7)	12.44	(0.47)	12.91
(4) Total capital	14,144.1	(53.8)	14,197.9
(5) Tier 1 capital	13,258.8	(52.7)	13,311.6
(6) Common equity Tier 1 capital	11,585.1	(407.5)	11,992.6
(7) Risk weighted assets	93,117.1	268.6	92,848.6
(8) Required capital (7) X 8%	7,449.4	21.5	7,427.9
(9) Leverage Ratio	5.01	(0.26)	5.27
SMBC consolidated
(1) Total capital ratio	16.78	0.67	16.11
(2) Tier 1 capital ratio	15.32	0.52	14.80
(3) Common equity Tier 1 capital ratio	12.50	0.08	12.42
(4) Leverage Ratio	5.10	(0.09)	5.19
SMBC non-consolidated
(1) Total capital ratio	14.72	0.45	14.27
(2) Tier 1 capital ratio	13.03	0.17	12.86
(3) Common equity Tier 1 capital ratio	10.01	(0.34)	10.35
(4) Leverage Ratio	4.41	(0.22)	4.63
17. ROE
Consolidated			(%)
	FY3/2025		FY3/2024
	(a)	(a) - (b)	(b)
ROE (Tokyo Stock Exchange’s standard)	8.0	1.0	7.0
ROE (denominator: Total stockholders’<br>equity)	10.8	1.6	9.2

Note:

ROE<br>(denominator: Total<br><br>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 FY3/2026

(1) Earnings targets

Consolidated		(Billions of yen)
	FY3/2026	FY3/2025<br><br>Result
Consolidated net business profit	1,850.0	1,719.3
Total credit cost	(300.0)	(344.5)
Ordinary profit	1,800.0	1,719.5
Profit attributable to owners of parent	1,300.0	1,178.0
SMBC non-consolidated		(Billions of yen)
	FY3/2026	FY3/2025<br><br>Result
Banking profit (before provision for<br>general reserve for possible loan losses)	1,090.0	1,184.4
Total credit cost	(60.0)	(150.8)
Ordinary profit	1,330.0	1,488.1
Net income	990.0	1,068.6
(2) Dividends forecast
			(Yen)
	FY3/2026		FY3/2025
	Interim	Annual
Dividend<br>per share for common stock	68	136	122
Note: On October 1, 2024, the Company effected a three for one split<br>of its common stock on the record date of September 30, 2024.<br><br>The amount<br>of dividend per share for common stock for FY3/2025 took into account the stock split, as well as the amounts of interim and annual dividend per share for common stock for FY3/2026 are take into account the stock split.
Reference:			(Billions of yen)
	FY3/2026		FY3/2025
	Interim	Annual
Total<br>dividend	261.4	522.8	475.1

17 -

Sumitomo Mitsui Financial Group

Reference: Financial Statements of SMBC

Condensed balance sheet

SMBC non-consolidated

			(Millions of yen)
	Mar. 31, 2025		Mar. 31, 2024
	(a)	(a) - (b)	(b)
Assets
Cash and due from banks	69,761,979	(2,899,225)	72,661,204
Call loans	4,484,770	179,267	4,305,503
Receivables under resale<br>agreements	8,625,984	6,844,630	1,781,354
Receivables under securities borrowing<br>transactions	1,131,736	(1,407,058)	2,538,794
Monetary claims bought	2,145,167	(224,933)	2,370,100
Trading assets	3,464,150	761,965	2,702,185
Securities	37,561,851	2,895,246	34,666,605
Loans and bills discounted	104,515,592	3,390,880	101,124,712
Foreign exchanges	2,533,415	591,561	1,941,854
Other assets	7,380,999	(1,498,251)	8,879,250
Tangible fixed assets	752,427	5,821	746,606
Intangible fixed assets	404,437	62,463	341,974
Prepaid pension cost	558,899	79,211	479,688
Customers’ liabilities for acceptances<br>and guarantees	14,999,422	(712,938)	15,712,360
Reserve for possible loan losses	(625,538)	(102,153)	(523,385)
Reserve<br>for possible losses on investments	(92,570)	(85,940)	(6,630)
Total assets	257,602,725	7,880,546	249,722,179

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

18 -

Sumitomo Mitsui Financial Group

(Millions of yen)

	Mar. 31, 2025		Mar. 31, 2024
	(a)	(a) -<br>(b)	(b)
Liabilities
Deposits	159,731,671	6,237,234	153,494,437
Negotiable certificates of deposit	17,489,575	2,662,798	14,826,777
Call money	938,008	(90,127)	1,028,135
Payables under repurchase<br>agreements	17,373,975	5,016,397	12,357,578
Payables under securities lending<br>transactions	1,301,084	631,659	669,425
Commercial paper	1,824,519	275,004	1,549,515
Trading liabilities	2,540,702	717,463	1,823,239
Borrowed money	21,160,696	(3,958,565)	25,119,261
Foreign exchanges	1,815,415	(1,092,277)	2,907,692
Bonds	395,058	(77,103)	472,161
Due to trust account	1,535,723	(274,513)	1,810,236
Other liabilities	8,529,896	(897,220)	9,427,116
Reserve for employee bonuses	14,557	214	14,343
Reserve for executive bonuses	1,292	(52)	1,344
Reserve for point service program	2,163	582	1,581
Reserve for reimbursement of<br>deposits	4,669	(3,614)	8,283
Deferred tax liabilities	132,170	(297,590)	429,760
Deferred tax liabilities for land<br>revaluation	26,424	(892)	27,316
Acceptances and guarantees	14,999,422	(712,938)	15,712,360
Total<br>liabilities	249,817,028	8,136,460	241,680,568
Net assets
Capital stock	1,771,093	96	1,770,996
Capital surplus	1,774,651	96	1,774,554
Capital reserve	1,771,140	96	1,771,043
Other capital surplus	3,510	-	3,510
Retained earnings	3,835,702	339,001	3,496,700
Other retained earnings	3,835,702	339,001	3,496,700
Voluntary reserve for<br>retirement allowances	1,656	-	1,656
Voluntary reserve	219,845	-	219,845
Retained earnings brought<br>forward	3,614,201	339,001	3,275,199
Treasury stock	(210,003)	-	(210,003)
Total stockholders’ equity	7,171,443	339,195	6,832,248
Net unrealized gains (losses) on other<br>securities	1,275,580	(527,730)	1,803,310
Net deferred gains (losses) on<br>hedges	(684,434)	(65,741)	(618,692)
Land revaluation excess	23,107	(1,636)	24,744
Total valuation and translation<br>adjustments	614,253	(595,109)	1,209,362
Total net assets	7,785,697	(255,914)	8,041,611
Total<br>liabilities and net assets	257,602,725	7,880,546	249,722,179

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

19 -

Sumitomo Mitsui Financial Group

Condensed income statement

SMBC non-consolidated

	(Millions of yen)
			FY3/2025<br><br>(a)								FY3/2024
---	---	---	:---:	---	---	---	---	---	---	---	:---:	---
							(a) - (b)				(b)
Ordinary income			7,105,687				755,788				6,349,899
Interest income			5,497,147				641,114				4,856,033
Interest on loans and discounts			3,042,252				224,787				2,817,465
Interest and dividends on securities			947,130				315,282				631,848
Trust fees			3,509				395				3,114
Fees and commissions			775,113				40,243				734,870
Trading income			178,218				163,171				15,047
Other operating income			92,270				(328,439)				420,709
Other income			559,429				239,305				320,124
Ordinary expenses			5,617,625				308,197				5,309,428
Interest expenses			3,845,857				155,833				3,690,024
Interest on deposits			1,344,939				(11,780)				1,356,719
Fees and commissions payments			229,362				24,107				205,255
Trading losses			6,023				(134,735)				140,758
Other operating expenses			208,455				99,918				108,537
General and administrative expenses			1,039,108				74,085				965,023
Other expenses			288,817				88,988				199,829
Ordinary profit			1,488,062				447,591				1,040,471
Extraordinary gains			3,034				2,025				1,009
Extraordinary losses			12,513				4,257				8,256
Income before income taxes			1,478,583				445,360				1,033,223
Income taxes - current			440,708				133,795				306,913
Income taxes - deferred			(30,691)				5,645				(36,336)
Total income taxes			410,016				139,440				270,576
Net income			1,068,566				305,920				762,646

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

20 -

Sumitomo Mitsui Financial Group

Statement of changes in net assets

SMBC non-consolidated

Year ended March 31, 2025																						(Millions of yen)
				Capital surplus						Retained earnings
										Other retained earnings
	Capital<br>stock			Capital<br>reserve			Other capital<br>surplus			Voluntary<br>reserve for<br>retirement<br>allowances			Voluntary<br>reserve			Retained<br>earnings<br>brought<br>forward			Treasury<br>stock			Total<br><br>stockholders’<br>equity
Balance<br><br>at the beginning of the period		1,770,996			1,771,043			3,510			1,656			219,845			3,275,199			(210,003	)	6,832,248
Changes in the period
Issuance of new shares		96			96																	193
Cash dividends																	(731,201	)				(731,201)
Net income																	1,068,566					1,068,566
Reversal of land revaluation excess																	1,636					1,636
Net changes in items other than stockholders’ equity in the<br>period
Net changes in the period		96			96												339,001					339,195
Balance<br><br>at the end of the period		1,771,093			1,771,140			3,510			1,656			219,845			3,614,201			(210,003	)	7,171,443
														(Millions of yen	)
	Valuation and translation adjustments
	Net<br>unrealized<br>gains<br>(losses) on<br>other<br>securities			Net deferred<br>gains<br>(losses) on<br>hedges			Land<br>revaluation<br>excess			Total<br>valuation<br>and<br>translation<br>adjustments			Total net<br>assets
Balance<br><br>at the beginning of the period		1,803,310			(618,692	)		24,744			1,209,362			8,041,611
Changes in the<br>period
Issuance of new shares														193
Cash dividends														(731,201	)
Net income														1,068,566
Reversal of land revaluation excess														1,636
Net changes in items other than stockholders’ equity in the<br>period		(527,730	)		(65,741	)		(1,636	)		(595,109	)		(595,109	)
Net changes in the<br>period		(527,730	)		(65,741	)		(1,636	)		(595,109	)		(255,914	)
Balance<br><br>at the end of the period		1,275,580			(684,434	)		23,107			614,253			7,785,697

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

21 -

SMFG 6-K

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