Document and Entity Information
Document and Entity Information | 12 Months Ended |
Mar. 31, 2019shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Trading Symbol | SMFG |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Security 12(b) Title | American Depositary Shares Common stock, without par value |
Security Exchange Name | NYSE |
Entity Interactive Data Current | Yes |
Entity Registrant Name | SUMITOMO MITSUI FINANCIAL GROUP, INC. |
Entity Central Index Key | 0001022837 |
Current Fiscal Year End Date | --03-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity a Voluntary Filer | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Common Stock, Shares Outstanding | 1,399,401,420 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Assets: | |||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 | |
Call loans and bills bought | 2,465,745 | 1,881,880 | 1,881,880 | ||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | 8,491,703 | ||
Trading assets | 2,767,691 | 3,169,123 | 3,169,123 | ||
Derivative financial instruments | 3,382,574 | 3,885,271 | 3,885,271 | ||
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 | ||
Investment securities | 17,825,027 | 19,147,158 | 20,495,075 | ||
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 | ||
Investments in associates and joint ventures | 1,038,823 | 730,414 | 730,414 | ||
Property, plant and equipment | 1,507,786 | 1,510,132 | 1,510,132 | 2,686,055 | |
Intangible assets | 821,785 | 835,902 | 835,902 | ||
Other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Current tax assets | 143,459 | 87,961 | 87,961 | ||
Deferred tax assets | 37,073 | 19,192 | 19,436 | ||
Assets held for sale | 57 | 5,648,713 | 5,651,950 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities: | |||||
Deposits | 134,404,652 | 128,461,527 | 128,461,527 | ||
Call money and bills sold | 1,307,779 | 1,190,929 | 1,190,929 | ||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | 12,022,593 | ||
Trading liabilities | 1,998,694 | 2,143,899 | 2,143,899 | ||
Derivative financial instruments | 3,051,773 | 3,498,016 | 3,498,016 | ||
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | ||
Debt securities in issue | 11,171,209 | 10,569,117 | 10,569,117 | ||
Provisions | 194,818 | 213,250 | 188,267 | 194,700 | |
Other liabilities | 6,131,739 | 6,799,291 | 6,882,740 | ||
Current tax liabilities | 147,041 | 55,516 | 55,516 | ||
Deferred tax liabilities | 267,365 | 340,685 | 397,741 | ||
Liabilities directly associated with the assets held for sale | 3,616,941 | 3,616,941 | |||
Total liabilities | 183,730,177 | 179,564,245 | 179,679,767 | ||
Equity: | |||||
Capital stock | 2,339,443 | 2,338,743 | 2,338,743 | ||
Capital surplus | 726,012 | 863,505 | 863,505 | ||
Retained earnings | 5,715,101 | 5,419,607 | 5,149,193 | ||
Treasury stock | (16,302) | (12,493) | (12,493) | ||
Equity excluding other reserves | 8,764,254 | 8,609,362 | 8,338,948 | ||
Other reserves | 1,916,366 | 1,921,026 | 2,324,349 | ||
Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. | 10,680,620 | 10,530,388 | 10,663,297 | ||
Non-controlling interests | 494,123 | 1,233,230 | 1,232,980 | ||
Equity attributable to other equity instruments holders | 598,703 | 599,522 | 599,522 | ||
Total equity | 11,773,446 | 12,363,140 | 12,495,799 | ¥ 11,887,283 | ¥ 11,042,099 |
Total equity and liabilities | ¥ 195,503,623 | ¥ 191,927,385 | ¥ 192,175,566 |
Consolidated Income Statements
Consolidated Income Statements - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Profit or loss [abstract] | |||
Interest income | ¥ 2,406,350 | ¥ 2,144,070 | ¥ 1,900,261 |
Interest expense | 1,101,875 | 733,969 | 502,338 |
Net interest income | 1,304,475 | 1,410,101 | 1,397,923 |
Fee and commission income | 1,101,777 | 1,131,364 | 1,066,412 |
Fee and commission expense | 178,351 | 178,867 | 181,573 |
Net fee and commission income | 923,426 | 952,497 | 884,839 |
Net trading income | 320,302 | 270,464 | 183,963 |
Net income (loss) from financial assets at fair value through profit or loss | 54,655 | (667) | 2,018 |
Net investment income | 93,922 | 424,097 | 305,327 |
Other income | 505,666 | 755,855 | 573,825 |
Total operating income | 3,202,446 | 3,812,347 | 3,347,895 |
Impairment charges on financial assets | 119,686 | 136,808 | 212,967 |
Net operating income | 3,082,760 | 3,675,539 | 3,134,928 |
General and administrative expenses | 1,715,368 | 1,813,121 | 1,752,135 |
Other expenses | 575,657 | 792,765 | 531,759 |
Operating expenses | 2,291,025 | 2,605,886 | 2,283,894 |
Share of post-tax profit of associates and joint ventures | 40,157 | 49,323 | 29,318 |
Profit before tax | 831,892 | 1,118,976 | 880,352 |
Income tax expense | 184,306 | 229,378 | 139,766 |
Net profit | 647,586 | 889,598 | 740,586 |
Profit attributable to: | |||
Shareholders of Sumitomo Mitsui Financial Group, Inc. | 541,932 | 759,998 | 627,870 |
Non-controlling interests | 93,779 | 119,878 | 104,787 |
Other equity instruments holders | ¥ 11,875 | ¥ 9,722 | ¥ 7,929 |
Earnings per share: | |||
Basic | ¥ 387.76 | ¥ 538.84 | ¥ 458.56 |
Diluted | ¥ 387.49 | ¥ 538.43 | ¥ 458.18 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of comprehensive income [abstract] | |||
Net profit | ¥ 647,586 | ¥ 889,598 | ¥ 740,586 |
Remeasurements of defined benefit plans: | |||
Gains (losses) arising during the period, before tax | (40,329) | 73,662 | 8,134 |
Equity instruments at fair value through other comprehensive income: | |||
Gains (losses) arising during the period, before tax | (128,138) | ||
Share of other comprehensive income (loss) of associates and joint ventures | 3,711 | 58 | (462) |
Income tax relating to items that will not be reclassified | 61,453 | (22,492) | (2,315) |
Total items that will not be reclassified to profit or loss, net of tax | (103,303) | 51,228 | 5,357 |
Available-for-sale financial assets: | |||
Gains (losses) arising during the period, before tax | 582,435 | 371,438 | |
Reclassification adjustments for (gains) losses included in net profit, before tax | (275,038) | (109,990) | |
Debt instruments at fair value through other comprehensive income: | |||
Gains (losses) arising during the period, before tax | 150,074 | ||
Reclassification adjustments for (gains) losses included in net profit, before tax | (6,071) | ||
Exchange differences on translating foreign operations: | |||
Gains (losses) arising during the period, before tax | 22,517 | (75,409) | (24,063) |
Reclassification adjustments for (gains) losses included in net profit, before tax | (37,247) | 49 | (4) |
Share of other comprehensive income (loss) of associates and joint ventures | (4,410) | 7,827 | (21,140) |
Income tax relating to items that may be reclassified | (43,746) | (96,246) | (80,074) |
Total items that may be reclassified subsequently to profit or loss, net of tax | 81,117 | 143,618 | 136,167 |
Other comprehensive income (loss), net of tax | (22,186) | 194,846 | 141,524 |
Total comprehensive income | 625,400 | 1,084,444 | 882,110 |
Total comprehensive income attributable to: | |||
Shareholders of Sumitomo Mitsui Financial Group, Inc. | 577,998 | 948,250 | 769,957 |
Non-controlling interests | 35,527 | 126,472 | 104,224 |
Other equity instruments holders | ¥ 11,875 | ¥ 9,722 | ¥ 7,929 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - JPY (¥) ¥ in Millions | Total | Capital stock [member] | Capital surplus [member] | Retained earnings [member] | Treasury stock [member] | Remeasurements of defined benefit plans [member] | Available-for-sale financial assets [member] | Financial instruments measured at fair value through other comprehensive income ("FVOCI") [member] | Exchange differences on translating foreign operations [member] | Equity attributable to SMFG's shareholders [member] | Non-controlling interests [member] | Equity attributable to other equity instruments holders [member] |
At beginning of period at Mar. 31, 2016 | ¥ 11,042,099 | ¥ 2,337,896 | ¥ 863,503 | ¥ 4,186,683 | ¥ (175,381) | ¥ 18,985 | ¥ 1,756,634 | ¥ 216,336 | ¥ 9,204,656 | ¥ 1,537,548 | ¥ 299,895 | |
Comprehensive income: | ||||||||||||
Net profit | 740,586 | 627,870 | 627,870 | 104,787 | 7,929 | |||||||
Other comprehensive income | 141,524 | 3,789 | 173,260 | (34,962) | 142,087 | (563) | ||||||
Total comprehensive income | 882,110 | 627,870 | 3,789 | 173,260 | (34,962) | 769,957 | 104,224 | 7,929 | ||||
Issuance of other equity instruments | 149,916 | 149,916 | ||||||||||
Acquisition and disposal of subsidiaries and businesses-net | 14,888 | 14,888 | ||||||||||
Transaction with non-controlling interest shareholders | 463 | 26 | 26 | 437 | ||||||||
Dividends to shareholders | (271,039) | (205,083) | (205,083) | (65,956) | ||||||||
Coupons on other equity instruments | (7,929) | (7,929) | ||||||||||
Redemption of preferred securities | (86,140) | (86,140) | ||||||||||
Purchase of treasury stock | (100) | (100) | (100) | |||||||||
Sale of treasury stock | 162,568 | 162,568 | 162,568 | |||||||||
Loss on sale of treasury stock | (2) | (2) | (2) | |||||||||
Others | 449 | 551 | 551 | (102) | ||||||||
At end of period at Mar. 31, 2017 | 11,887,283 | 2,337,896 | 864,052 | 4,609,496 | (12,913) | 22,774 | 1,929,894 | 181,374 | 9,932,573 | 1,505,001 | 449,709 | |
Comprehensive income: | ||||||||||||
Net profit | 889,598 | 759,998 | 759,998 | 119,878 | 9,722 | |||||||
Other comprehensive income | 194,846 | 51,273 | 192,366 | (55,387) | 188,252 | 6,594 | ||||||
Total comprehensive income | 1,084,444 | 759,998 | 51,273 | 192,366 | (55,387) | 948,250 | 126,472 | 9,722 | ||||
Issuance of shares under share-based payment transactions | 1,695 | 847 | 848 | 1,695 | ||||||||
Issuance of other equity instruments | 149,916 | 149,916 | ||||||||||
Acquisition and disposal of subsidiaries and businesses-net | (204,257) | (1,190) | 1,190 | (204,257) | ||||||||
Transaction with non-controlling interest shareholders | 2,502 | 62 | 62 | 2,440 | ||||||||
Dividends to shareholders | (280,272) | (218,596) | (218,596) | (61,676) | ||||||||
Coupons on other equity instruments | (9,722) | (9,722) | ||||||||||
Redemption of preferred securities | (135,000) | (135,000) | ||||||||||
Purchase of treasury stock | (142) | (142) | (142) | |||||||||
Sale of treasury stock | 562 | 562 | 562 | |||||||||
Loss on sale of treasury stock | (41) | (41) | (41) | |||||||||
Share-based payment transactions | (1,354) | (1,354) | (1,354) | |||||||||
Others | 185 | (577) | 865 | 288 | (103) | |||||||
At end of period at Mar. 31, 2018 | 12,495,799 | 2,338,743 | 863,505 | 5,149,193 | (12,493) | 76,102 | 2,122,260 | 125,987 | 10,663,297 | 1,232,980 | 599,522 | |
Comprehensive income: | ||||||||||||
Net profit | 647,586 | 541,932 | 541,932 | 93,779 | 11,875 | |||||||
Other comprehensive income | (22,186) | (27,109) | ¥ 75,828 | (12,653) | 36,066 | (58,252) | ||||||
Total comprehensive income | 625,400 | 541,932 | (27,109) | 75,828 | (12,653) | 577,998 | 35,527 | 11,875 | ||||
Issuance of shares under share-based payment transactions | 1,399 | 700 | 699 | 1,399 | ||||||||
Acquisition and disposal of subsidiaries and businesses-net | (306,444) | (306,444) | ||||||||||
Transaction with non-controlling interest shareholders | (205,503) | (113,736) | (113,736) | (91,767) | ||||||||
Dividends to shareholders | (322,761) | (245,577) | (245,577) | (77,184) | ||||||||
Coupons on other equity instruments | (11,875) | (11,875) | ||||||||||
Redemption of preferred securities | (299,239) | (299,239) | ||||||||||
Purchase of treasury stock | (70,094) | (70,094) | (70,094) | |||||||||
Sale of treasury stock | 363 | 363 | 363 | |||||||||
Loss on sale of treasury stock | (68) | (68) | (68) | |||||||||
Cancellation of treasury stock | (24,218) | (41,704) | 65,922 | |||||||||
Share-based payment transactions | (129) | (129) | (129) | |||||||||
Transfer from other reserves to retained earnings | 40,726 | 23,432 | (64,158) | |||||||||
Others | (743) | (41) | 117 | 76 | (819) | |||||||
At end of period at Mar. 31, 2019 | 11,773,446 | 2,339,443 | 726,012 | 5,715,101 | (16,302) | 72,425 | 1,730,607 | 113,334 | 10,680,620 | 494,123 | 598,703 | |
Balance at March 31, 2018 | 12,495,799 | 2,338,743 | 863,505 | 5,149,193 | (12,493) | 76,102 | 2,122,260 | 125,987 | 10,663,297 | 1,232,980 | 599,522 | |
Effect of changes in accounting policies | (132,659) | 270,414 | ¥ (2,122,260) | 1,718,937 | (132,909) | 250 | ||||||
Balance at April 1, 2018 | ¥ 12,363,140 | ¥ 2,338,743 | ¥ 863,505 | ¥ 5,419,607 | ¥ (12,493) | ¥ 76,102 | ¥ 1,718,937 | ¥ 125,987 | ¥ 10,530,388 | ¥ 1,233,230 | ¥ 599,522 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Operating Activities: | |||
Profit before tax | ¥ 831,892 | ¥ 1,118,976 | ¥ 880,352 |
Adjustments for: | |||
Gains on financial assets at fair value through profit or loss and investment securities | (5,888) | (274,371) | (112,008) |
Foreign exchange losses | 181,023 | 16,612 | 241,570 |
Provision for loan losses | 122,927 | 126,623 | 141,457 |
Depreciation and amortization | 218,915 | 310,179 | 301,638 |
Share of post-tax profit of associates and joint ventures | (40,157) | (49,323) | (29,318) |
Net changes in assets and liabilities: | |||
Net increase (decrease) of term deposits with original maturities over three months | 199,313 | (210,821) | (57,503) |
Net (increase) decrease of call loans and bills bought | (596,424) | 4,436 | (640,331) |
Net (increase) decrease of reverse repurchase agreements and cash collateral on securities borrowed | (1,862,136) | 372,563 | (698,940) |
Net (increase) decrease of loans and advances | (3,368,911) | 354,622 | (6,267,726) |
Net change of trading assets and liabilities and derivative financial instruments | (901,481) | 283,731 | (250,579) |
Net increase of deposits | 5,129,513 | 5,881,032 | 4,505,200 |
Net increase (decrease) of call money and bills sold | 126,395 | (778,412) | 911,525 |
Net increase of repurchase agreements and cash collateral on securities lent | 879,734 | 2,735,586 | 2,610,655 |
Net increase of other unsubordinated borrowings and debt securities in issue | 2,073,280 | 991,110 | 2,437,331 |
Income taxes paid-net | (283,761) | (105,880) | (337,299) |
Other operating activities-net | 81,599 | 395,318 | 104,575 |
Net cash and cash equivalents provided by (used in) operating activities | 2,785,833 | 11,171,981 | 3,740,599 |
Investing Activities: | |||
Purchases of financial assets at fair value through profit or loss and investment securities | (25,077,310) | ||
Proceeds from sale of financial assets at fair value through profit or loss and investment securities | 17,705,865 | ||
Proceeds from maturities of financial assets at fair value through profit or loss and investment securities | 8,922,752 | ||
Purchases of financial assets at fair value through profit or loss and available-for-sale financial assets | (22,488,127) | (19,640,194) | |
Proceeds from sale of financial assets at fair value through profit or loss and available-for-sale financial assets | 13,384,847 | 13,460,988 | |
Proceeds from maturities of financial assets at fair value through profit or loss and available-for-sale financial assets | 6,265,527 | 6,604,279 | |
Purchases of held-to-maturity investments | (2,001) | ||
Proceeds from maturities of held-to-maturity investments | 792,358 | 1,093,887 | |
Acquisitions of subsidiaries and businesses, net of cash and cash equivalents acquired | 37,966 | (160,862) | (199,356) |
Investments in associates and joint ventures | (102,830) | (7,744) | (16,494) |
Disposal of subsidiaries and businesses, net of cash and cash equivalents disposed | 157,507 | (852,179) | |
Proceeds from sale of investments in associates and joint ventures | 101,359 | 19,415 | 14,696 |
Purchases of property, plant and equipment, and investment properties | (508,835) | (710,838) | (491,444) |
Purchases of intangible assets | (139,305) | (136,100) | (145,001) |
Proceeds from sale of property, plant and equipment, investment properties and intangible assets | 104,403 | 302,027 | 169,027 |
Other investing activities-net | (2) | 1,192 | |
Net cash and cash equivalents provided by (used in) investing activities | 1,201,570 | (3,593,677) | 851,580 |
Financing Activities: | |||
Redemption of subordinated borrowings | (8,000) | (10,000) | (11,000) |
Proceeds from issuance of subordinated bonds | 104,866 | 244,315 | |
Redemption of subordinated bonds | (26,721) | (180,034) | (371,640) |
Redemption of preferred securities | (299,239) | (135,000) | (86,887) |
Proceeds from issuance of other equity instruments | 149,916 | 149,887 | |
Dividends paid to shareholders of Sumitomo Mitsui Financial Group, Inc. | (245,595) | (218,569) | (205,078) |
Dividends paid to non-controlling interest shareholders | (77,180) | (62,529) | (65,860) |
Coupons paid to other equity instruments holders | (11,875) | (9,722) | (7,929) |
Purchase of treasury stock and proceeds from sale of treasury stock-net | (69,800) | 379 | 179,657 |
Purchase of other equity instruments and proceeds from sale of other equity instruments-net | (819) | (103) | (102) |
Transactions with non-controlling interest shareholders-net | 7,837 | (6) | 386 |
Net cash and cash equivalents used in financing activities | (731,392) | (360,802) | (174,251) |
Effect of exchange rate changes on cash and cash equivalents | 44,062 | (45,865) | (300,075) |
Net increase of cash and cash equivalents | 3,300,073 | 7,171,637 | 4,117,853 |
Cash and cash equivalents at beginning of period | 53,416,456 | 46,244,819 | 42,126,966 |
Cash and cash equivalents at end of period | 56,716,529 | 53,416,456 | 46,244,819 |
Net cash and cash equivalents provided by operating activities includes: | |||
Interest and dividends received | 2,501,705 | 2,249,000 | 2,025,371 |
Interest paid | ¥ 1,056,903 | ¥ 711,432 | ¥ 484,362 |
General Information
General Information | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
General Information | 1 GENERAL INFORMATION Sumitomo Mitsui Financial Group, Inc. (the “Company” or “SMFG”) was established on December 2, 2002, as a holding company for Sumitomo Mitsui Banking Corporation (“SMBC”) and its subsidiaries through a statutory share transfer ( kabushiki-iten Kabushiki Kaisha The Company and its subsidiaries (the “SMBC Group”) offer a diverse range of financial services, including commercial banking, leasing, securities, consumer finance and other services. The accompanying consolidated financial statements have been authorized for issue by the Management Committee on June 25, 2019. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Significant Accounting Policies | 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies applied in the preparation of the consolidated financial statements are set out below. These policies have been consistently applied to all the fiscal years presented, unless otherwise stated. Basis of Preparation Compliance with International Financial Reporting Standards The consolidated financial statements of the SMBC Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). Basis of measurement The consolidated financial statements have been prepared under the historical cost basis except for the following: • trading assets and liabilities are measured at fair value; • derivative financial instruments are measured at fair value; • financial assets at fair value through profit or loss are measured at fair value; • investment securities at fair value through other comprehensive income (available-for-sale • liabilities and the assets recognized in consolidated statements of financial position in respect of defined benefit plans are the present value of the defined benefit obligation less the fair value of plan assets. Functional and presentation currency The consolidated financial statements are presented in Japanese yen, which is also the Company’s functional currency. All financial information presented in Japanese yen has been rounded to the nearest million, except as otherwise indicated. Critical accounting estimates and judgments The preparation of the consolidated financial statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the accounting policies. Actual results may differ from these estimates. The notes to the consolidated financial statements set out areas involving a higher degree of judgment or complexity, or areas where assumptions are significant to the consolidated financial statements, such as allowance for loan losses (Notes 10, 32), fair value of financial instruments (Note 43), impairment of goodwill (Note 14), provision for interest repayment (Note 20), retirement benefits (Note 23) and deferred tax assets (Note 22). Refer to Note 3 “Critical Accounting Estimates and Judgments” for further information. New and Amended Accounting Standards Adopted by the SMBC Group During the fiscal year ended March 31, 2019, a number of amendments to standards have become effective; however, they have not resulted in any material changes to the SMBC Group’s accounting policies, except as described below. IFRS 15 “Revenue from Contracts with Customers” On April 1, 2018, the SMBC Group adopted IFRS 15 “Revenue from Contracts with Customers.” IFRS 15 replaces IAS 18 “Revenue,” IAS 11 “Construction Contracts,” IFRIC 13 “Customer Loyalty Programmes” and other related interpretations. IFRS 15 is applied to all contracts with customers except for leases, financial instruments and insurance contracts. The core principle of IFRS 15 is to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the entity expects to be entitled in exchange for those goods or services. IFRS 15 also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. IFRS 15 presents a single, principles-based five-step model that applies to all contracts with customers. IFRS 15 requires the SMBC Group to capitalize the incremental costs of obtaining a contract with a customer and the costs incurred in fulfilling a contract with a customer if the SMBC Group expects to recover those costs. The SMBC Group adopted the standard retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 15. For further information, see “Fee and commission income” in this note. IFRS 9 “Financial Instruments” On April 1, 2018, the SMBC Group adopted IFRS 9 “Financial Instruments,” which is the comprehensive standard to replace IAS 39 “Financial Instruments: Recognition and Measurement.” It contains the following new requirements for classification and measurement of financial assets and liabilities, impairment of financial assets and hedge accounting. The SMBC Group adopted the standard retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 9. Classification and measurement of financial assets IFRS 9 requires all financial assets, including entire hybrid instruments, to be classified into three measurement categories, namely, amortized cost, fair value through other comprehensive income (“FVOCI”) and fair value through profit or loss (“FVPL”), based on the business model within which they are held and their contractual cash flow characteristics. For further information, see “Financial Assets” in this note. Classification and measurement of financial liabilities IFRS 9 maintains most of the requirements in IAS 39 regarding the classification and measurement of financial liabilities. However, with the new requirements of IFRS 9, if an entity designates a financial liability as at fair value through profit or loss, the amount of change in its fair value that is attributable to changes in own credit risk of that liability would be presented in other comprehensive income, rather than profit or loss. The SMBC Group does not apply such fair value designation to any of its financial liabilities and therefore is not affected by the new requirement. For further information, see “Financial Liabilities” in this note. Impairment of financial assets IFRS 9 introduces the expected credit losses (“ECL”) model, which is a new model for the recognition of impairment losses, to replace the incurred loss model in IAS 39. The impairment requirements apply to financial assets measured at amortized cost, and debt instruments at FVOCI, lease receivables, certain loan commitments and financial guarantee contracts. Under the ECL model, an entity is required to account for expected credit losses from initial recognition of financial instruments, and to recognize, where necessary, full lifetime ECL on a timely basis. Under the ECL model impairment losses are recognized earlier than the incurred loss model. For further information, see “Impairment of Financial Assets” in this note. Hedge accounting IFRS 9 introduces a new hedge accounting model, together with corresponding disclosures about risk management activities. The standard aligns hedge accounting more closely with risk management activities and adopts a more principle-based approach than under IAS 39. The SMBC Group applies IFRS 9 hedge accounting, although IFRS 9 includes an accounting policy choice to continue with IAS 39 hedge accounting. For further information, see “Hedge Accounting” in this note and Note 7 “Derivative Financial Instruments and Hedge Accounting—Hedge accounting.” Effect of Adoption of New and Amended Accounting Standards The following table presents the effect of the adoption of IFRS 15 and IFRS 9 on the SMBC Group’s consolidated financial statements, showing separately the changes arising from reclassification and any associated remeasurement, and the impact of increased impairment. The SMBC Group adopted the standards retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 15 and IFRS 9. At March 31, 2018 Effect of adoption of Effect of adoption of IFRS 9 At April 1, 2018 Classification measurement/ Impairment (In millions) Assets: Cash and deposits with banks ¥ 54,696,069 ¥ — ¥ (50,597 ) ¥ — ¥ 54,645,472 Call loans and bills bought 1,881,880 — — — 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 8,491,703 — — — 8,491,703 Trading assets 3,169,123 — — — 3,169,123 Derivative financial instruments 3,885,271 — — — 3,885,271 Financial assets at fair value through profit or loss 1,547,672 — 1,562,703 — 3,110,375 Investment securities 20,495,075 — (1,347,917 ) — 19,147,158 Loans and advances 85,129,070 — (163,934 ) (159,944 ) 84,805,192 Investments in associates and joint ventures 730,414 — — — 730,414 Property, plant and equipment 1,510,132 — — — 1,510,132 Intangible assets 835,902 — — — 835,902 Other assets (1)(2) 4,043,908 21,662 (106,673 ) — 3,958,897 Current tax assets 87,961 — — — 87,961 Deferred tax assets 19,436 (423 ) — 179 19,192 Assets held for sale 5,651,950 — — (3,237 ) 5,648,713 Total assets ¥ 192,175,566 ¥ 21,239 ¥ (106,418 ) ¥ (163,002 ) ¥ 191,927,385 Liabilities: Deposits ¥ 128,461,527 ¥ — ¥ — ¥ — ¥ 128,461,527 Call money and bills sold 1,190,929 — — — 1,190,929 Repurchase agreements and cash collateral on securities lent 12,022,593 — — — 12,022,593 Trading liabilities 2,143,899 — — — 2,143,899 Derivative financial instruments 3,498,016 — — — 3,498,016 Borrowings 10,652,481 — — — 10,652,481 Debt securities in issue 10,569,117 — — — 10,569,117 Provisions 188,267 1,858 — 23,125 213,250 Other liabilities (2) 6,882,740 (1,858 ) (106,612 ) 25,021 6,799,291 Current tax liabilities 55,516 — — — 55,516 Deferred tax liabilities 397,741 6,405 59 (63,520 ) 340,685 Liabilities directly associated with the assets held for sale 3,616,941 — — — 3,616,941 Total liabilities 179,679,767 6,405 (106,553 ) (15,374 ) 179,564,245 Equity: Capital stock 2,338,743 — — — 2,338,743 Capital surplus 863,505 — — — 863,505 Retained earnings (3) 5,149,193 10,776 403,458 (143,820 ) 5,419,607 Treasury stock (12,493 ) — — — (12,493 ) Equity excluding other reserves 8,338,948 10,776 403,458 (143,820 ) 8,609,362 Other reserves (3) 2,324,349 — (403,323 ) — 1,921,026 Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. 10,663,297 10,776 135 (143,820 ) 10,530,388 Non-controlling 1,232,980 4,058 — (3,808 ) 1,233,230 Equity attributable to other equity instruments holders 599,522 — — — 599,522 Total equity 12,495,799 14,834 135 (147,628 ) 12,363,140 Total equity and liabilities ¥ 192,175,566 ¥ 21,239 ¥ (106,418 ) ¥ (163,002 ) ¥ 191,927,385 (1) Following the adoption of IFRS 15, certain costs of obtaining and fulfilling a contract with a credit card customer, previously recognized within “General and administrative expenses,” are capitalized as a cost to obtain asset and recognized within “Other assets.” Expense will be recognized as a result of the amortization of these capitalized costs over the expected life of the credit card. The impact of IFRS 15 adoption for the SMBC Group is not material. (2) Following the adoption of IFRS 9, certain receivables for future premiums and unearned revenue related to financial guarantees decreased by the same amount without any impact on total equity. (3) Impairment losses recognized under IAS 39 on equity instruments for which the SMBC Group made an irrevocable election at initial recognition to present subsequent changes in fair value in other comprehensive income under IFRS 9 were, in principle, reclassified from retained earnings to other reserves at April 1, 2018. However, of those impairment losses, the amounts above the threshold to qualify for a tax deduction in previous years were not reclassified from retained earnings to other reserves at April 1, 2018. IFRS 9 classification and measurement The following table provides an overview of the impact of the changes to total assets under classification and measurement of financial assets, and impairment. Classification under IAS 39 (1) Classification under IFRS 9 (1) At March 31, Classification Measurement At April 1, (In millions) Cash and deposits with banks (2) ¥ 54,696,069 ¥ (50,597 ) ¥ — ¥ 54,645,472 L&R AC 54,645,472 — — 54,645,472 L&R FVPL 45,824 (45,824 ) — — FVPL FVPL 4,773 (4,773 ) — — Call loans and bills bought L&R AC 1,881,880 — — 1,881,880 Reverse repurchase agreements and cash collateral on L&R AC 8,491,703 — — 8,491,703 Trading assets FVPL FVPL 3,169,123 — — 3,169,123 Derivative financial instruments FVPL FVPL 3,885,271 — — 3,885,271 Financial assets at fair value through profit or loss (2)(3)(4) 1,547,672 1,562,509 194 3,110,375 FVPL FVPL 1,547,672 10,530 — 1,558,202 L&R FVPL — 206,650 194 206,844 AFS FVPL — 1,345,329 — 1,345,329 Investment securities (2)(4)(5)(6) 20,495,075 (1,347,917 ) — 19,147,158 HTM AC 372,459 — — 372,459 AFS FVPL 1,345,329 (1,345,329 ) — — AFS FVOCI 18,774,699 — — 18,774,699 FVPL FVPL 2,588 (2,588 ) — — Loans and advances (2)(3) 85,129,070 (163,934 ) (159,944 ) 84,805,192 L&R AC 84,965,136 — (159,944 ) 84,805,192 L&R FVPL 160,765 (160,765 ) — — FVPL FVPL 3,169 (3,169 ) — — Other financial assets (7)(8) 3,598,642 (106,673 ) — 3,491,969 L&R AC 3,598,581 (106,612 ) — 3,491,969 L&R FVPL 61 (61 ) — — Financial assets included in (4)(6) 3,208,771 — (3,237 ) 3,205,534 L&R AC 3,098,196 — (3,237 ) 3,094,959 AFS FVOCI 69,884 — — 69,884 AFS FVPL 38,998 — — 38,998 FVPL FVPL 1,693 — — 1,693 (1) In “Classification under IAS 39,” FVPL, HTM, L&R and AFS represent fair value through profit or loss, held-to-maturity, available-for-sale, (2) Certain deposits with banks, loans and advances, and investment securities are hybrid instruments, which consist of host contracts and embedded derivatives. These host contracts were classified as L&R or AFS, while the embedded derivatives were separately accounted for and classified as FVPL, if certain criteria were met under IAS 39. These hybrid instruments are classified in their entirety as FVPL if they do not meet the conditions for solely payments of principal and interest (“SPPI”) under IFRS 9. The separated embedded derivatives were presented together with the host contracts in the consolidated statement of financial position under IAS 39. The entire hybrid instruments are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9. (3) Certain loans and advances which were classified as L&R under IAS 39 are classified as FVPL under IFRS 9 if they do not meet the conditions for SPPI or they are held within a business model whose objective is not to hold those assets to collect contractual cash flows, but to hold those assets for sale. Those loans and advances include subordinated loans and syndicated loans held for sale. They are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9. (4) Financial assets which do not meet the conditions for SPPI, such as investment funds, classified as AFS under IAS 39, are classified as FVPL under IFRS 9. They are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9, except for the financial assets held by Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) which are presented as “Assets held for sale” in the consolidated statement of financial position. (5) Certain debt instruments which were classified as AFS under IAS 39 are classified as FVOCI under IFRS 9 if they meet the conditions for SPPI and are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. Those debt instruments include Japanese government bonds and U.S. Treasury securities. (6) The SMBC Group made an irrevocable election at initial recognition for certain non-trading (7) “Other financial assets” consist of assets that meet the definition of financial assets but are not presented in any of the other line items. (8) Following the adoption of IFRS 9, certain receivables for future premiums and unearned revenue related to financial guarantees decreased by the same amount without any impact on total equity. IFRS 9 impairment The following table reconciles the closing impairment allowance for loans and receivables in accordance with IAS 39 and provisions for loan commitments and financial guarantee contracts in accordance with IAS 37 “Provisions, contingent liabilities and contingent assets” at March 31, 2018 to the opening ECL allowance determined in accordance with IFRS 9 at April 1, 2018. At March 31, 2018 Remeasurement At April 1, 2018 (4) (In millions) Loans and advances (1) ¥ 491,676 ¥ 159,944 ¥ 651,620 Loan commitments (2) 4,374 23,125 27,499 Financial guarantees (3) 1,498 25,021 26,519 (1) “Loans and advances” mainly includes allowances for loans and advances. It also includes allowance for undrawn components of loan commitments issued to retail customers for which cannot be separately identified from that for the drawn components, and that for other financial assets measured at amortized cost. (2) The ECL allowance is measured for loan commitments issued to wholesale customers. (3) “Financial guarantees” represents the amount of the provision or ECL allowance in excess of the unearned revenues related to financial guarantees. (4) The result of the ECL calculation for debt instruments at FVOCI at April 1, 2018 was not material. Consolidation Subsidiaries Subsidiaries are all entities controlled by the SMBC Group. The SMBC Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The SMBC Group considers all facts and circumstances whether it controls an entity. Where the relevant activities are directed through voting or similar rights, the SMBC Group considers that it controls an entity if it has the existing rights that give it the current ability to direct the operating and financing policies of the entity, in general by having a shareholding of more than 50% of the voting rights. The existence and effect of potential voting rights that are deemed to be substantive are taken into account when assessing whether the SMBC Group controls another entity. Where the voting rights are not the dominant factor in deciding who controls the entity, the assessment of control is more complex and requires greater use of judgment. The SMBC Group assesses whether it controls an entity considering all facts and circumstances, such as the purpose and design of the entity, the relevant activities and how to make decisions about those activities. The SMBC Group also determines whether it is acting as an agent or a principal in assessing whether it has control of another entity. An agent is a party primarily engaged to act on behalf and for the benefit of another party or parties and therefore does not control the entity. To make such judgments, the SMBC Group considers the overall relationship, especially all of the following factors: the scope of its decision-making authority over the entity, the rights held by other parties, the remuneration to which it is entitled in accordance with the remuneration agreement, and its exposure to variability of returns from other interests that it holds in the entity. The SMBC Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to one or more of the elements of control. Subsidiaries are fully consolidated from the date on which the SMBC Group obtains control. They are deconsolidated from the date on which the SMBC Group loses control. The acquisition method is used to account for the business combinations including the acquisition of subsidiaries by the SMBC Group. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred, the liabilities incurred and the equity interests issued. Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The SMBC Group’s previously held equity interest in the acquiree is remeasured at fair value at the acquisition date and any gain or loss is recognized in profit or loss. For each business combination, the SMBC Group measures any non-controlling non-controlling non-controlling non-controlling Inter-company transactions, balances and unrealized gains on transactions between the SMBC Group companies are eliminated on consolidation. Unrealized losses are also eliminated unless the transaction provides evidence of impairment of the asset transferred. The accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the accounting policies adopted by the SMBC Group. Non-controlling Changes in the SMBC Group’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. Interests in the equity of subsidiaries not attributable to the SMBC Group are reported in the consolidated statements of financial position as a separate component of equity as non-controlling non-controlling Associates and joint ventures An associate is an entity over which the SMBC Group has significant influence, but does not control the financial and operating policy decisions of the entity. Significant influence is generally presumed to exist when the SMBC Group holds 20% or more, but less than 50%, of the voting rights. Entities that are jointly controlled by more than one party, including the SMBC Group, may be determined to be a joint venture. The SMBC Group accounts for investments in associates and joint ventures using the equity method from the date on which they become associates or joint ventures. The SMBC Group discontinues the use of the equity method from the date on which the SMBC Group ceases to have significant influence or joint control over the investees. Under the equity method, the SMBC Group’s investments in associates and joint ventures are initially recognized at cost. The carrying amount of the investments are subsequently increased or decreased to recognize the SMBC Group’s share of the post-acquisition profit or loss of the associate or joint venture and other movements included directly in the equity of the associate or joint venture. The SMBC Group’s share of the results of associates and joint ventures is based on the financial statements of its associates and joint ventures, adjusted to conform with the accounting policies of the SMBC Group. Profits on transactions between the SMBC Group and its associates and joint ventures are eliminated to the extent of the SMBC Group’s interest in the associates or joint ventures. Losses are also eliminated to the extent of the SMBC Group’s interest in the associates or joint ventures unless the transaction provides evidence of impairment in the asset transferred. The carrying amounts of the investments in associates and joint ventures include goodwill (net of any accumulated impairment loss) arising on the acquisition of the interests in the entities. Because goodwill arising on the acquisition of the interest in an associate or joint venture is not separately recognized, it is not tested for impairment separately. Instead, the entire carrying amount of the investment in an associate or joint venture is tested for impairment as a single asset by comparing its recoverable amount, which is the higher of value in use and fair value less costs to sell, with its carrying amount, whenever there is any objective evidence that the investment is impaired. An impairment loss recognized in prior periods for the investment is reversed only if there has been a change in the estimates used to determine the recoverable amount of the investment since the last impairment loss was recognized. If this is the case, the carrying amount of the investment is increased to its recoverable amount. That increase is a reversal of an impairment loss. When the SMBC Group’s share of losses in an associate or joint venture exceeds the SMBC Group’s carrying amount of the investment, the SMBC Group does not recognize further losses, unless it has a binding obligation or has made payments on behalf of the entity. Segment Reporting The SMBC Group determines its operating segments based on the management approach, which requires operating segments to be identified on the basis of internal reports about components of the entity that are regularly reviewed by management, in order to allocate resources to a segment and to assess its performance. Foreign Currency Translation Items included in the financial statements of each of the SMBC Group companies are measured using the currency of the primary economic environment in which the company operates (“the functional currency”). The consolidated financial statements are presented in Japanese yen, which is also the Company’s functional currency. Transactions and balances Foreign currency transactions that are denominated or settled in a foreign currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary items denominated in foreign currencies are translated using the exchange rate at the end of the reporting period. Foreign exchange gains and losses resulting from the retranslation and settlement of monetary items are recognized in the consolidated income statements. Non-monetary available-for-sale Non-monetary Foreign operations The assets and liabilities of foreign operations are translated into the presentation currency of the SMBC Group using the exchange rate at the end of the reporting period, and their income statements are translated using the exchange rates at the dates of the transactions or average exchange rates where these approximate to actual rates. The exchange differences arising on the translation of a foreign operation are included in other comprehensive income within equity and subsequently included in profit or loss on the disposal or partial disposal of the operation. Financial Assets Regular way purchases and sales of financial assets are recognized and derecognized on the trade date—the date on which the SMBC Group commits to purchase or sell the assets. Financial assets are derecognized when the contractual rights to receive cash flows from the financial assets have expired or where the SMBC Group has transferred substantially all the risks and rewards of ownership of the financial assets at a consolidated level. The SMBC Group consolidates all subsidiaries in accordance with IFRS 10 “Consolidated Financial Statements” before determining derecognition of financial assets. Accounting policies applied from April 1, 2018 IFRS 9 requires all financial assets, including entire hybrid instruments, to be classified into three measurement categories, namely, amortized cost, fair value through other comprehensive income (“FVOCI”) and fair value through profit or loss (“FVPL”), based on the business model within which they are held and their contractual cash flow characteristics. The SMBC Group has assessed the business models based on facts and circumstances at a portfolio level. Factors that are considered in determining the business model include policies and objectives for the relevant portfolio, how the performance and risks of the portfolio are managed, evaluated and reported to management, and the level of sales activity. The SMBC Group has assessed the contractual cash flow characteristics of financial assets with reference to whether the contractual cash flows are solely payments of principal and interest (“SPPI”). Principal is defined as the fair value of the financial asset at initial recognition but it may change over the life of the financial asset as amounts are repaid. Interest is defined as consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks such as liquidity risk and costs such as administrative costs associated with holding the financial asset for a particular period of time, as well as a profit margin. In assessing whether the contractual cash flows meet the conditions for SPPI, the SMBC Group considers the contractual terms of the financial asset. This includes assessing whether the financial asset contains a contractual term that could change the contractual cash flows so that it would not meet the conditions for SPPI, including leverage features, contingent events that would change the amount or timing of cash flows, contractual terms that limit the SMBC Group’s claim to cash flows from specified assets, and features that modify consideration of the time value of money. Financial assets measured at amortized cost Financial assets are measured at amortized cost if they are held within a business model whose objective is to hold the assets in order to collect contractual cash flows, and their contractual cash flows are SPPI. These financial assets are mainly included in “Loans and advances” and also in “Investment securities” in the consolidated statements of financial position. They are initially recognized at fair value plus transaction costs that are directly attributable to the acquisition of the financial assets, and are subsequently measured at amortized cost using the effective interest method. Interest income on these financial assets using the effective interest method is recognized in “Net interest income” in the consolidated income statements. Financial assets measured at fair value through other comprehensive income Financial assets are measured at FVOCI if they are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and their contractual cash flows are SPPI. Financial assets measured at FVOCI are included in “Investment securities” in the consolidated statements of financial position. They are initially recognized at fair value plus transaction costs that are directly attributable to the acquisition of the financial assets, and are subsequently measured at fair value. Gains and losses arising from changes in the fair value of these financial assets are recognized in other comprehensive income, until they are derecognized. At the time of derecognition, the cumulative gains or losses previously recognized in other comprehensive income are reclassified to profit or loss and are recognized in “Net investment income” in the consolidated income statements. Interest income calculated using the effective interest method, foreign currency gains and losses, and impairment gains and losses are recognized in “Net interest income,” “Net trading income” and “Impairment charges on financial assets” in the consolidated income statements, respectively. In addition, the SMBC Group makes an irrevocable election at initial recognition, for particular non-trading Financial assets measured at fair value through profit or loss Any financial assets that do not meet the criteria of amortized cost or FVOCI are classified as FVPL, unless the SMBC Group makes an irrevocable election for non-trading Financial assets are classified as held for trading and are included in “Trading assets” in the consolidated statements of financial position, if they are acquired principally for the purpose of selling in the near term or if they are part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Derivatives which are not designated as hedging instruments are classified as held for trading, and all derivatives are included in “Derivative financial instruments” in the consolidated statements of financial position. All derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Financial assets mandatorily measured at FVPL, other than those held for trading and derivatives, are included in “Financial assets at fair value through profit or loss” in the consolidated statements of financial position. The financial assets mentioned above are initially recognized at fair value with transaction costs being recognized in profit or loss, and are subsequently measured at fair value. Gains and losses arising from changes in the fair values of trading assets and derivatives held for trading, and interest and dividend income on trading assets are included in “Net trading income” in the consolidated income statements. Gains or losses arising from financial assets mandatorily measured at FVPL are included in “Net income (loss) from financial assets at fair val |
Critical Accounting Estimates a
Critical Accounting Estimates and Judgments | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Critical Accounting Estimates and Judgments | CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS The consolidated financial statements are influenced by estimates and management judgment, which necessarily have to be made in the course of preparation of the consolidated financial statements. Estimates and judgments are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances, and which are continually evaluated. Allowance for Loan Losses The allowance for loan losses is measured under the ECL model which requires the use of complex models and significant assumptions about future economic conditions and credit behavior. A number of significant judgments are also required in applying the accounting requirements for measuring ECL, such as: • determining criteria for a significant increase in credit risk since initial recognition; • measuring ECL by choosing appropriate models and assumptions; • incorporating forward-looking information; and • estimating the expected future cash flows by taking into account factors such as historical loss information, the appropriateness of the borrower’s business plan or operational improvement plan, the status of progress of its plan, the overall support from financial institutions, and the realizable value of any collateral held. Management estimates and judgments may change from time to time as the economic environment changes or new information becomes available. Changes in these estimates and judgments will result in a different allowance for loan losses and may have a direct impact on impairment charges. Impairment charges on loans and advances amounting to ¥122,927 million, ¥126,623 million and ¥141,457 million were recognized for the fiscal years ended March 31, 2019, 2018 and 2017, respectively. For additional information, refer to Note 10 “Loans and Advances” and Note 32 “Impairment Charges on Financial Assets.” Fair Value of Financial Instruments The fair values of financial instruments where no active market exists or where quoted prices are not otherwise available are determined by using valuation techniques. In these cases, inputs to valuation techniques are based on observable data with respect to similar financial instruments or by using models. Where observable inputs are not available, the fair value is estimated based on appropriate assumptions that a market participant would take into account. Where valuation techniques (for example, models) are used to determine fair values, they are validated and periodically reviewed. The SMBC Group certifies significant valuation models before they are used, and calibrates them to ensure that outputs reflect actual data and comparative market prices. To the extent practical, models use only observable data; however, inputs such as credit risk (both own and counterparty), volatilities and correlations require management to make estimates. Changes in assumptions about these factors could affect the fair values of these financial instruments. More details about the SMBC Group’s valuation techniques, significant unobservable inputs used in determining fair values and sensitivity analyses are given in Note 43 “Fair Value of Financial Assets and Liabilities.” Impairment of Goodwill Goodwill is tested for impairment on an annual basis or more frequently if events or changes in circumstances indicate that it may not be recoverable. If any such indication exists, then its recoverable amount is estimated. The process to determine the recoverable amount is inherently uncertain because such recoverable amount is determined based on a number of management estimates and judgments. The SMBC Group determines the recoverable amount using the estimated future cash flows, pre-tax pre-tax Provision for Interest Repayment Provision for interest repayment represents management’s estimate of future claims for the refund of so-called Management estimates and judgments may change from time to time as the legal environment and market conditions change or new information becomes available. Changes in these estimates and judgments could affect the balance of provision for interest repayment. Provision for interest repayment is recorded in provisions as a liability, and it totaled ¥148,409 million and ¥145,179 million at March 31, 2019 and 2018, respectively. For additional information, refer to Note 20 “Provisions.” Retirement Benefits The SMBC Group has defined benefit plans such as defined benefit pension plans and lump-sum The difference between the fair value of the plan assets and the present value of the defined benefit obligation at the end of the reporting period is recognized as assets and liabilities in the consolidated statements of financial position. When this calculation for each plan results in a benefit to the SMBC Group, the recognized asset is limited to the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan. An economic benefit is available to the SMBC Group, if it is realizable during the life of the plan or on settlement of the plan obligation. The net total of assets and liabilities in the consolidated statements of financial position amounted to net assets of ¥232,456 million and ¥279,567 million at March 31, 2019 and 2018, respectively. For additional information, refer to Note 23 “Retirement Benefits.” Deferred Tax Assets Deferred tax assets relating to tax losses carried forward and deductible temporary differences are recognized, only to the extent that it is probable that future taxable profit will be available against which the tax losses carried forward and the deductible temporary differences can be utilized. This assessment requires significant management estimates and judgments. Future taxable profit is estimated based on, among other relevant factors, forecasted results of operations, which are based on historical financial performance and the business plans that management believes to be prudent and feasible. While the SMBC Group carefully assesses the realization of tax losses carried forward and deductible temporary differences, the actual taxable profit in the future may be less than the forecast. The deferred tax assets amounted to ¥37,073 million and ¥19,436 million in the consolidated statements of financial position at March 31, 2019 and 2018, respectively, while the net total of deferred tax assets and liabilities amounted to net liabilities of ¥230,292 million and ¥378,305 million at March 31, 2019 and 2018, respectively. For additional information, refer to Note 22 “Deferred Income Tax.” Critical accounting estimates and judgments applied until March 31, 2018 Allowance for Loan Losses Allowance for loan losses represents management’s estimate of the losses incurred in the loan portfolios at the end of each reporting period. Management exercises judgment in making assumptions and estimations when calculating the allowance for loan losses on both individually and collectively assessed loans. The allowance for loan losses for individually significant impaired loans is estimated by management based on the expected future cash flows, taking into account factors such as historical loss information, the appropriateness of the borrower’s business plan or operational improvement plan, the status of progress of its plan, the overall support from financial institutions, and the realizable value of any collateral held. The allowance for loan losses for the remaining loans is collectively estimated by grouping financial assets into portfolios on the basis of similar credit risk characteristics and using the historical loss experience for these portfolios adjusted for the effect of the current economic environment. To assess the losses on the loan portfolios where loss events have occurred but not yet been identified, management develops assumptions and methodologies to estimate the loss identification period. Impairment of Available-for-sale Available-for-sale available-for-sale Impairment may occur when there is objective evidence of deterioration in the financial conditions of the investee, industry and sector performance, or changes in operating and financing cash flows. The determination of impairment in this respect also includes significant management judgment. |
Segment Analysis
Segment Analysis | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Segment Analysis | 4 SEGMENT ANALYSIS Business Segments The SMBC Group’s business segment information is prepared based on the internal reporting system utilized by management to assess the performance of its business segments. The SMBC Group has four main business segments: the Wholesale Business Unit, the Retail Business Unit, the International Business Unit and the Global Markets Business Unit, with the remaining operations recorded in Head office account and others. Wholesale Business Unit The Wholesale Business Unit provides financing, investment management, risk hedging, and settlement services as well as financial solutions that respond to wide-ranging client needs in relation to M&A and other advisory services and leasing, primarily for large-and mid-sized Retail Business Unit The Retail Business Unit provides financial services to both consumers residing in Japan and domestic small-sized small-sized International Business Unit The International Business Unit supports the global businesses of a diverse range of clients, such as Japanese companies operating overseas, non-Japanese Global Markets Business Unit The Global Markets Business Unit offers solutions through foreign exchange products, derivatives, bonds, stocks, and other marketable financial products and also undertakes asset liability management operations, which help comprehensively control balance sheet liquidity risks and interest rate risks. This business unit consists of the Treasury Unit of SMBC and the Product Unit of SMBC Nikko Securities. Head office account and others The Head office account and others represent the difference between the aggregate of the Wholesale Business Unit, the Retail Business Unit, the International Business Unit and the Global Markets Business Unit, and the SMBC Group as a whole. It mainly consists of administrative expenses related to headquarters operations, other subsidiaries and equity-method associates and joint ventures, including The Japan Research Institute, Limited and Sumitomo Mitsui DS Asset Management Company, Limited, which was formed through the merger of Sumitomo Mitsui Asset Management Company, Limited and Daiwa SB Investments Ltd., on April 1, 2019. It also includes internal transactions between the SMBC Group companies, which are eliminated in the consolidated financial statements. Measurement of Segment Profit or Loss The business segment information is prepared under the management approach. Consolidated net business profit is used as a profit indicator of banks in Japan. Consolidated net business profit of each segment is calculated by deducting general and administrative expenses (i.e., the total of personnel expense, non-personnel Information regarding the total assets of each segment is not used by management in deciding how to allocate resources and assess performance. Accordingly, total assets are not included in the business segment information. Segmental Results of Operations For the fiscal year ended March 31, 2019: Wholesale Business Unit (3) Retail Business Unit International Business Unit (3) Global Markets Business Unit Head office account and others (3) Total (In billions) Consolidated gross profit (1) ¥ 784.9 ¥ 1,281.6 ¥ 689.6 ¥ 333.6 ¥ (243.5 ) ¥ 2,846.2 General and administrative expenses (345.1 ) (1,021.4 ) (333.4 ) (54.2 ) 39.0 (1,715.1 ) Others (2) 45.1 14.4 38.9 19.1 (56.3 ) 61.2 Consolidated net business profit ¥ 484.9 ¥ 274.6 ¥ 395.1 ¥ 298.5 ¥ (260.8 ) ¥ 1,192.3 For the fiscal year ended March 31, 2018: Wholesale Business Unit Retail Business Unit International Business Unit Global Markets Business Unit Head office account and others Total (In billions) Consolidated gross profit (1) ¥ 772.9 ¥ 1,311.7 ¥ 632.0 ¥ 356.2 ¥ (91.7 ) ¥ 2,981.1 General and administrative expenses (347.9 ) (1,027.7 ) (280.7 ) (53.9 ) (106.0 ) (1,816.2 ) Others (2) 53.7 15.6 46.9 17.5 (94.8 ) 38.9 Consolidated net business profit ¥ 478.7 ¥ 299.6 ¥ 398.2 ¥ 319.8 ¥ (292.5 ) ¥ 1,203.8 For the fiscal year ended March 31, 2017: Wholesale Business Unit Retail Business Unit International Business Unit Global Markets Business Unit Head office account and others Total (In billions) Consolidated gross profit (1) ¥ 776.4 ¥ 1,313.9 ¥ 566.1 ¥ 346.8 ¥ (82.5 ) ¥ 2,920.7 General and administrative expenses (344.8 ) (1,041.1 ) (241.2 ) (50.2 ) (135.1 ) (1,812.4 ) Others (2) 45.6 12.1 38.5 8.2 (79.8 ) 24.6 Consolidated net business profit ¥ 477.2 ¥ 284.9 ¥ 363.4 ¥ 304.8 ¥ (297.4 ) ¥ 1,132.9 (1) Consolidated gross profit = (Interest income – Interest expenses) + Trust fees + (Fee and commission income – Fee and commission expenses) + (Trading income – Trading losses) + (Other operating income – Other operating expenses). (2) “Others” includes share of profit or loss of equity-method associates and joint ventures and cooperated profit and loss, that is, profit and loss double-accounted for in the managerial accounting. (3) Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) became a joint venture from a consolidated subsidiary of the SMBC Group on November 28, 2018. However, for managerial accounting purposes, the full year results of SMFL were included in those of the Wholesale Business Unit and the International Business Unit, while its results after it became a joint venture of the SMBC Group were deducted from those of Head office account and others. For consistency with financial results, the SMBC Group’s share of the profit of SMFL as our joint venture recognized in the consolidated income statement was included in others in the Head office account and others. Reconciliation of Segmental Results of Operations to Consolidated Income Statements The figures provided in the tables above are calculated by aggregating the figures used for management reporting under Japanese GAAP for each segment. The total amount of consolidated net business profit that is calculated by each segment based on the internal managerial data is reconciled to profit before tax reported in the consolidated financial statements under IFRS as shown in the following table: For the fiscal year ended March 31, 2019 2018 2017 (In billions) Consolidated net business profit ¥ 1,192.3 ¥ 1,203.8 ¥ 1,132.9 Differences between management reporting and Japanese GAAP: Total credit costs (110.3 ) (94.2 ) (164.4 ) Gains on equity instruments 116.3 118.9 55.0 Extraordinary gains or losses and others (74.7 ) (119.6 ) (44.2 ) Profit before tax under Japanese GAAP 1,123.6 1,108.9 979.3 Differences between Japanese GAAP and IFRS: Scope of consolidation 0.1 (1.6 ) (12.0 ) Derivative financial instruments 31.3 (20.7 ) (110.9 ) Investment securities (129.5 ) 68.8 (8.8 ) Loans and advances (23.2 ) (33.5 ) (0.7 ) Investments in associates and joint ventures (86.5 ) (1.6 ) (15.9 ) Property, plant and equipment (1.2 ) 1.0 1.3 Lease accounting (1.4 ) (0.5 ) (3.7 ) Defined benefit plans (51.4 ) (13.2 ) 22.9 Foreign currency translation 1.3 12.7 3.6 Classification of equity and liability 11.9 14.1 8.4 Others (43.1 ) (15.4 ) 16.9 Profit before tax under IFRS ¥ 831.9 ¥ 1,119.0 ¥ 880.4 On April 1, 2018, the SMBC Group adopted IFRS 9 and IFRS 15 retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 9 and IFRS 15. Therefore, the accounting standards under IFRS for the fiscal year ended March 31, 2019 are different from those for the fiscal years ended March 31, 2018 and 2017, when calculating the differences in profit before tax between Japanese GAAP and IFRS. See Note 2 “Summary of Significant Accounting Policies” for further information on accounting changes. Information about Geographical Areas The following table shows the total operating income in accordance with IFRS by the main geographical areas. The SMBC Group’s services are provided to domestic and foreign clients on a worldwide basis. These include transactions where SMBC’s branches in Japan may deal with customers located in foreign countries and where SMBC’s overseas branches may provide services to Japanese companies. To identify income attributed to each geographical area for the purposes of this disclosure, they are aggregated based on the geographical location of the booking entity, with the assumption that transactions booked in booking entities are deemed to have occurred in their respective geographical areas. For the fiscal year ended March 31, 2019 2018 2017 (In millions) Domestic (1) Japan ¥ 2,114,145 ¥ 2,670,858 ¥ 2,356,627 Total domestic 2,114,145 2,670,858 2,356,627 Foreign (1)(2) Americas 315,531 350,118 313,742 Europe and Middle East 371,413 484,807 401,320 Asia and Oceania 401,357 306,564 276,206 Total foreign 1,088,301 1,141,489 991,268 Total operating income (3) ¥ 3,202,446 ¥ 3,812,347 ¥ 3,347,895 (1) The geographical segmentation is determined based on the degrees of the following factors: geographic proximity, similarity of economic activities and relationship of business activities among regions. (2) Americas includes the United States, Brazil, Canada and others; Europe and Middle East include the United Kingdom, Germany, France and others; Asia and Oceania include China, Singapore, Australia and others except Japan. (3) Total operating income comprises net interest income, net fee and commission income, net trading income, net income (loss) from financial assets at fair value through profit or loss, net investment income and other income. |
Cash and Deposits with Banks
Cash and Deposits with Banks | 12 Months Ended |
Mar. 31, 2019 | |
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Cash and Deposits with Banks | 5 CASH AND DEPOSITS WITH BANKS Cash and deposits with banks at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Cash ¥ 1,062,952 ¥ 703,138 Deposits with banks 56,700,489 53,992,931 Total cash and deposits with banks ¥ 57,763,441 ¥ 54,696,069 The reconciliation of cash and cash equivalents used for the purposes of the consolidated statements of cash flows at March 31, 2019, 2018 and 2017 is shown as follows: At March 31, 2019 2018 2017 (In millions) Cash and deposits with banks ¥ 57,763,441 ¥ 54,696,069 ¥ 47,330,155 Less: term deposits with original maturities over three months (532,784 ) (627,837 ) (606,795 ) Less: cash segregated as deposits and others (514,128 ) (667,099 ) (478,541 ) Add: cash and cash equivalents included in assets held for sale — 15,323 — Cash and cash equivalents ¥ 56,716,529 ¥ 53,416,456 ¥ 46,244,819 Private depository institutions in Japan are required to maintain certain minimum reserve funds with the Bank of Japan, based on average deposit balances and certain other factors. There are similar reserve deposit requirements for the SMBC Group’s foreign offices engaged in banking businesses in foreign countries. At March 31, 2019, 2018 and 2017, the reserve funds required to be maintained by the SMBC Group, which were included in cash and cash equivalents, amounted to ¥1,784,466 million, ¥1,689,340 million and ¥1,644,684 million, respectively. |
Trading Assets
Trading Assets | 12 Months Ended |
Mar. 31, 2019 | |
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Trading Assets | 6 TRADING ASSETS Trading assets at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Debt instruments ¥ 2,480,903 ¥ 2,841,148 Equity instruments 286,788 327,975 Total trading assets ¥ 2,767,691 ¥ 3,169,123 Trading debt instruments mainly consist of Japanese government bonds. Trading equity instruments mainly consist of publicly traded Japanese stocks. |
Derivative Financial Instrument
Derivative Financial Instruments and Hedge Accounting | 12 Months Ended |
Mar. 31, 2019 | |
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Derivative Financial Instruments and Hedge Accounting | DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGE ACCOUNTING Derivative financial instruments include futures, forwards, swaps, options and other types of derivative contracts, which are transactions listed on exchanges or over-the-counter Derivatives are financial instruments that derive their value from the price of underlying items such as interest rates, foreign exchange rates, equities, bonds, commodities, credit spreads and other indices. The SMBC Group’s derivative financial instruments mainly consist of interest rate derivatives and currency derivatives. Interest rate derivatives include interest rate swaps, interest rate options and interest rate futures. Currency derivatives include foreign exchange forward transactions, currency swaps and currency options. The tables below represent the derivative financial instruments by type and purpose of derivatives at March 31, 2019 and 2018. At March 31, 2019 Trading Risk Management (1) Notional Assets Liabilities Notional Assets Liabilities (In millions) Interest rate derivatives ¥ 779,291,352 ¥ 1,738,231 ¥ 1,484,122 ¥ 51,692,181 ¥ 270,514 ¥ 340,931 Futures 63,332,406 44,812 46,428 2,220,000 — 149 Listed Options 134,733,142 24,131 2,593 — — — Forwards 54,486,370 642 939 — — — Swaps 444,347,278 1,561,977 1,290,977 49,315,116 267,094 340,752 OTC Options 82,392,156 106,669 143,185 157,065 3,420 30 Currency derivatives 132,054,681 1,167,833 935,956 10,260,443 119,077 176,822 Futures 3,942 22 — — — — Listed Options — — — — — — Forwards 79,268,300 488,211 415,097 2,246,274 18,370 57,069 Swaps 46,014,820 594,144 441,257 8,014,169 100,707 119,753 OTC Options 6,767,619 85,456 79,602 — — — Equity derivatives 3,048,195 61,761 96,140 48,511 1,856 30 Futures 933,068 4,418 2,313 — — — Listed Options 1,259,343 29,384 56,854 — — — Forwards — — — — — — Swaps 119,145 654 8,477 48,511 1,856 30 OTC Options 736,639 27,305 28,496 — — — Commodity derivatives 225,655 7,517 5,848 — — — Futures 28,823 445 415 — — — Listed Options — — — — — — Forwards — — — — — — Swaps 183,117 7,006 5,019 — — — OTC Options 13,715 66 414 — — — Credit derivatives 1,562,100 15,785 11,924 — — — Total derivative financial instruments ¥ 916,181,983 ¥ 2,991,127 ¥ 2,533,990 ¥ 62,001,135 ¥ 391,447 ¥ 517,783 At March 31, 2018 Trading Risk Management (1) Notional Assets Liabilities Notional Assets Liabilities (In millions) Interest rate derivatives ¥ 676,464,541 ¥ 1,771,745 ¥ 1,639,850 ¥ 69,550,646 ¥ 300,376 ¥ 333,182 Futures 78,295,049 28,689 28,871 18,269,263 5,534 1,167 Listed Options 66,989,307 4,538 722 — — — Forwards 25,030,851 274 994 — — — Swaps 429,498,805 1,651,945 1,500,361 51,131,039 294,842 329,446 OTC Options 76,650,529 86,299 108,902 150,344 — 2,569 Currency derivatives 120,282,459 1,439,993 1,293,900 7,986,176 283,248 112,322 Futures 689 — 19 — — — Listed Options — — — — — — Forwards 74,380,475 759,993 708,645 1,866,249 49,440 24,929 Swaps 39,668,889 577,350 490,014 6,119,927 233,808 87,393 OTC Options 6,232,406 102,650 95,222 — — — Equity derivatives 3,354,789 71,344 105,194 2,219 — 155 Futures 829,262 5,946 9,747 — — — Listed Options 1,779,546 42,209 68,341 — — — Forwards 7,564 745 208 — — — Swaps 77,015 186 8,171 2,219 — 155 OTC Options 661,402 22,258 18,727 — — — Commodity derivatives 161,539 6,516 4,948 — — — Futures 20,902 402 464 — — — Listed Options — — — — — — Forwards — — — — — — Swaps 128,467 6,052 3,974 — — — OTC Options 12,170 62 510 — — — Credit derivatives 1,320,297 12,049 8,465 — — — Total derivative financial instruments ¥ 801,583,625 ¥ 3,301,647 ¥ 3,052,357 ¥ 77,539,041 ¥ 583,624 ¥ 445,659 (1) Derivative financial instruments categorized as “Risk Management” are used for economic hedging, such as managing the exposure to changes in fair value of the loan portfolio, and are identified as hedging instruments under Japanese GAAP. Under IFRS, the SMBC Group applies hedge accounting for certain equity instruments elected to be measured at FVOCI and net investments in foreign operations, and derivative financial instruments designated as hedging instruments are also categorized as “Risk Management.” Hedge accounting The SMBC Group applies fair value hedge accounting and hedge accounting of net investments in foreign operations in order to reflect the effect of risk management activities on its consolidated financial statements. Fair value hedges The SMBC Group applies fair value hedge accounting to mitigate the risk of changes in the fair value of certain equity instruments elected to be measured at FVOCI. Changes in the fair value of those equity instruments would have an impact on the equity of the SMBC Group if it did not apply the hedge accounting. The SMBC Group designates as hedging instruments equity derivatives with underlying instruments identical to the hedged items and establishes a hedge ratio by aligning the number of shares of hedged items with that of equity derivatives used as hedging instruments. The SMBC Group assesses hedge effectiveness and calculates hedge ineffectiveness by comparing changes in the fair value of the hedged items with those of the hedging instruments. The sources of hedge ineffectiveness that is expected to arise from these hedging relationships are due to the effect of the counterparty or the SMBC Group’s own credit risk on the fair value of the equity derivatives and interest rate risk on the equity derivatives. There are no other sources of hedge ineffectiveness in the hedging relationships. Both the effective portion and ineffective portion of changes in the fair value of the hedging instruments are recognized in other comprehensive income, and amounts presented in other comprehensive income are not subsequently transferred to profit or loss. The table below represents the amounts related to items designated as hedging instruments at March 31, 2019. Line item in the consolidated At March 31, 2019 For the fiscal year Nominal Carrying amounts Change in value used Assets Liabilities (In millions) Equity swaps Derivative financial instruments ¥ 48,511 ¥ 1,856 ¥ 30 ¥ 14,860 The amounts related to items designated as hedged items at March 31, 2019 were as follows: Line item in the consolidated At March 31, 2019 For the fiscal year Change in value used Carrying amounts (In millions) Equity instruments at fair value through other comprehensive income Investment securities ¥ 45,847 ¥ (14,376 ) The accumulated amount of fair value hedge adjustments on the hedged items was a loss of ¥14,376 million at March 31, 2019. There was no balance remaining in the consolidated statements of financial position for any hedged items that had ceased to be adjusted for hedging gains and losses at March 31, 2019. Hedge ineffectiveness was included in “Other comprehensive income—Equity instruments at fair value through other comprehensive income” in the consolidated statements of comprehensive income and amounted to a profit of ¥484 million for the fiscal year ended March 31, 2019. Hedges of net investments in foreign operations The SMBC Group applies hedge accounting of net investments in foreign operations to mitigate the foreign currency risk of exchange differences arising from the translation of net investments in foreign operations. The SMBC Group hedges the risk of changes in its equity, arising from the movement in the U.S. dollar exchange rate or other exchange rates against Japanese yen. Changes in foreign exchange rates would have an impact on the equity of the SMBC Group if it did not apply the hedge accounting. The SMBC Group designates as hedging instruments foreign exchange forward contracts and foreign currency denominated financial liabilities. When the hedging instruments are foreign exchange forward contracts, the SMBC Group establishes a hedge ratio where the notional amounts on the foreign exchange forward contracts match the carrying amount of the hedged items. The SMBC Group designates as hedging instruments only the changes in the fair value of the spot element of the foreign exchange forward contracts, and assesses hedge effectiveness and calculates hedge ineffectiveness by comparing the changes in the carrying amounts of the hedging instruments that are attributable to a change in the spot rate with the changes in the net investments in foreign operations due to a movement in the spot rate. Therefore, the only sources of hedge ineffectiveness that is expected to arise from these hedging relationships are due to the effect of the counterparty or the SMBC Group’s own credit risk on the changes in the fair value of the hedging instruments. There are no other sources of hedge ineffectiveness in these hedge relationships. When the hedging instruments are foreign currency denominated financial liabilities, the SMBC Group designates them as hedging instruments to the extent that the amounts do not exceed those of the hedged items, and establishes the hedge ratio by aligning the amounts of the hedging instruments with those of the hedged items. The SMBC Group assesses hedge effectiveness and calculates hedge ineffectiveness by comparing the changes in the carrying amounts of the liabilities that are attributable to a change in the spot rate with the changes in the net investments in foreign operations due to a movement in the spot rate. Therefore, no hedge ineffectiveness arises. The effective portion of the gain or loss on the hedging instruments is recognized in other comprehensive income, whereas the ineffective portion of the gain or loss on the hedging instruments is recognized in “Net trading income” in the consolidated income statements. The cumulative gain or loss recognized in other comprehensive income is reclassified to profit or loss on the disposal or partial disposal of the foreign operations. On the other hand, changes in the fair value of the forward element of the foreign exchange forward contracts are recognized in “Net trading income” in the consolidated income statements because the SMBC Group designates as hedging instruments only the changes in the fair value of the spot element of the foreign exchange forward contracts, as stated above. The table below represents the amounts related to items designated as hedging instruments at March 31, 2019. Line item in the consolidated At March 31, 2019 For the fiscal year Nominal Carrying amounts Change in value used Assets Liabilities (In millions) Foreign exchange forward contracts Derivative financial instruments ¥2,243,501 ¥ 18,370 ¥ 56,850 ¥ (18,574 ) Foreign currency denominated financial liabilities Debt securities in issue, Borrowings, Deposits 192,039 — 192,039 (7,378 ) The amounts related to items designated as hedged items for the fiscal year ended March 31, 2019 were as follows: For the fiscal year ended At March 31, 2019 Change in value used for Translating foreign (In millions) USD foreign operations ¥ 34,244 ¥ (6,714 ) HKD foreign operations 9,468 (4,638 ) EUR foreign operations (19,297 ) 13,288 Other foreign operations 1,537 5,871 Total ¥ 25,952 ¥ 7,807 Note: There was no balance remaining in the translating foreign operations reserve from hedging relationships for which hedge accounting is no longer applied at March 31, 2019. Changes in the translating foreign operations reserve of ¥25,952 million were offset by hedges of net investment in foreign operations for the fiscal year ended March 31, 2019. There was no hedge ineffectiveness recognized in “Net trading income” for the fiscal year ended March 31, 2019. The amounts relating to items designated as hedging instruments at March 31, 2018 were as follows: At March 31, 2018 Notional amounts Assets Liabilities (In millions) Currency derivatives ¥ 1,866,249 ¥ 49,440 ¥ 24,929 Note: The carrying amounts of foreign currency denominated financial liabilities designated as hedging instruments at March 31, 2018 were ¥208,294 million. There was no hedge ineffectiveness recognized in “Net trading income” for the fiscal year ended March 31, 2018. Credit derivatives The SMBC Group enters into credit derivatives to manage the risk of its commercial banking credit portfolio containing loans by hedging economically, as well as diversifying the credit exposure in the portfolio, and to undertake credit loss protection transactions based on the needs from customers as financial intermediation. The tables below provide the notional amounts and the fair value of credit derivatives by purpose of transactions at March 31, 2019 and 2018. At March 31, 2019 Protection purchased Protection sold Notional Assets Liabilities Notional Assets Liabilities (In millions) Managing the SMBC Group’s credit risk portfolio ¥ 549,794 ¥ 1,258 ¥ 6,547 ¥ 873,197 ¥ 13,700 ¥ 3,877 Facilitating client transactions 88,602 154 1,359 50,507 673 141 Total ¥ 638,396 ¥ 1,412 ¥ 7,906 ¥ 923,704 ¥ 14,373 ¥ 4,018 At March 31, 2018 Protection purchased Protection sold Notional Assets Liabilities Notional Assets Liabilities (In millions) Managing the SMBC Group’s credit risk portfolio ¥ 442,991 ¥ 220 ¥ 5,950 ¥ 684,080 ¥ 10,615 ¥ 751 Facilitating client transactions 106,352 87 1,732 86,874 1,127 32 Total ¥ 549,343 ¥ 307 ¥ 7,682 ¥ 770,954 ¥ 11,742 ¥ 783 The following table summarizes the notional amounts of the SMBC Group’s credit derivative portfolio by type of counterparty at March 31, 2019 and 2018. At March 31, 2019 At March 31, 2018 Protection Protection Protection Protection (In millions) Banks and broker-dealers ¥ 626,896 ¥ 923,704 ¥ 537,843 ¥ 770,954 Insurance and other financial guaranty firms 11,500 — 11,500 — Total ¥ 638,396 ¥ 923,704 ¥ 549,343 ¥ 770,954 |
Financial Assets at Fair Value
Financial Assets at Fair Value through Profit or Loss | 12 Months Ended |
Mar. 31, 2019 | |
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Financial Assets at Fair Value through Profit or Loss | 8 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Financial assets at fair value through profit or loss at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Debt instruments ¥ 2,620,686 ¥ 1,528,921 Equity instruments 20,730 18,751 Total financial assets at fair value through profit or loss ¥ 2,641,416 ¥ 1,547,672 Debt instruments in financial assets at fair value through profit or loss mainly consist of non-trading non-trading Financial assets at fair value through profit or loss at March 31, 2018 consisted of the following debt and equity instruments. The debt instruments mainly consisted of the entire hybrid instruments when the SMBC Group was required to separate an embedded derivative from its host contract, but was unable to measure the embedded derivative separately either at acquisition or at the end of a subsequent reporting period. The equity instruments mainly consisted of those held by the venture capital investment subsidiary. These instruments were managed and their performance was evaluated on a fair value basis in accordance with a documented risk management or investment strategy. |
Investment Securities
Investment Securities | 12 Months Ended |
Mar. 31, 2019 | |
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Investment Securities | INVESTMENT SECURITIES The following tables show the amount of investment securities, which consist of debt instruments at amortized cost, debt instruments at fair value through other comprehensive income and equity instruments at fair value through other comprehensive income at March 31, 2019, and held-to-maturity available-for-sale At March 31, (In millions) Debt instruments at amortized cost: Domestic: Japanese government bonds ¥ 280,246 Total domestic 280,246 Foreign: U.S. Treasury and other U.S. government agency bonds — Bonds issued by other governments and official institutions 36,827 Other debt instruments 1,841 Total foreign 38,668 Total debt instruments at amortized cost ¥ 318,914 Debt instruments at fair value through other comprehensive income: Domestic: Japanese government bonds ¥ 5,027,695 Japanese municipal bonds 99,164 Japanese corporate bonds 328,978 Other debt instruments 26 Total domestic 5,455,863 Foreign: U.S. Treasury and other U.S. government agency bonds 4,426,635 Bonds issued by other governments and official institutions 2,121,407 Mortgage-backed securities 1,043,987 Other debt instruments 285,329 Total foreign 7,877,358 Total debt instruments at fair value through other comprehensive income ¥ 13,333,221 Equity instruments at fair value through other comprehensive income: Domestic equity instruments ¥ 3,729,120 Foreign equity instruments 443,772 Total equity instruments at fair value through other comprehensive income ¥ 4,172,892 Total investment securities ¥ 17,825,027 At March 31, (In millions) Held-to-maturity Domestic: Japanese government bonds ¥ 372,459 Total held-to-maturity ¥ 372,459 Available-for-sale Domestic: Japanese government bonds ¥ 7,685,303 Japanese municipal bonds 47,032 Japanese corporate bonds 296,601 Total domestic debt instruments 8,028,936 Equity instruments 5,161,734 Total domestic 13,190,670 Foreign: U.S. Treasury and other U.S. government agency bonds 3,246,646 Bonds issued by other governments and official institutions 2,187,450 Mortgage-backed securities 488,183 Other debt instruments 331,491 Total foreign debt instruments 6,253,770 Equity instruments 678,176 Total foreign 6,931,946 Total available-for-sale ¥ 20,122,616 Total investment securities ¥ 20,495,075 Designation of equity instruments as at fair value through other comprehensive income The SMBC Group designates equity instruments, which are issued by its customers and not held for trading, as at fair value through other comprehensive income. Those equity instruments are held to establish, maintain, and strengthen business ties with those customers. Equity instruments at fair value through other comprehensive income at March 31, 2019 consisted of the following: At March 31, 2019 (In millions) Listed ¥ 3,453,493 Unlisted 719,399 Total equity instruments at fair value through other comprehensive income ¥ 4,172,892 The investments in the listed equity instruments at fair value through other comprehensive income at March 31, 2019 mainly consisted of the following: At March 31, 2019 (In millions) TOYOTA MOTOR CORPORATION ¥ 252,568 DAIKIN INDUSTRIES, LTD. 116,730 East Japan Railway Company 87,245 Central Japan Railway Company 85,614 Kotak Mahindra Bank Limited 70,472 Sumitomo Realty & Development Co., Ltd. 63,113 KUBOTA CORPORATION 57,592 DAIWA HOUSE INDUSTRY CO., LTD. 56,716 West Japan Railway Company 53,370 FUJIFILM Holdings Corporation 52,747 KOMATSU LTD. 45,847 Asahi Group Holdings, Ltd. 45,145 Japan Exchange Group, Inc. 44,534 MITSUI & CO., LTD. 44,109 NIPPON PAINT HOLDINGS CO., LTD. 43,499 DAIICHI SANKYO COMPANY, LIMITED 42,908 NIDEC CORPORATION 42,531 TAISHO PHARMACEUTICAL HOLDINGS CO., LTD. 42,506 Mitsui Fudosan Co., Ltd. 41,285 Seven & i Holdings Co., Ltd. 41,065 SG HOLDINGS CO., LTD. 40,635 BRIDGESTONE CORPORATION 38,394 Murata Manufacturing Co., Ltd. 37,628 ASAHI KASEI CORPORATION 34,722 NIPPON STEEL & SUMITOMO METAL CORPORATION (1) 34,161 KOITO MANUFACTURING CO., LTD. 34,126 Shionogi & Co., Ltd. 31,487 ITOCHU Corporation 29,104 Recruit Holdings Co., Ltd. 28,449 Chubu Electric Power Company, Incorporated 25,830 Tokyo Electric Power Company Holdings, Incorporated 25,149 Stanley Electric Co., Ltd. 24,131 DAIFUKU CO., LTD. 23,503 Makita Corporation 22,361 Oji Holdings Corporation 21,756 GMO Payment Gateway, Inc. 19,663 TORAY INDUSTRIES, INC. 19,102 Idemitsu Kosan Co., Ltd. 19,054 The Kansai Electric Power Company, Incorporated 18,161 SHIMANO INC. 18,000 MINEBEA MITSUMI Inc. 17,002 TOHO GAS CO., LTD. 16,422 HOUSE FOODS GROUP INC. 16,323 KAJIMA CORPORATION 15,966 Mazda Motor Corporation 15,924 TOYOTA TSUSHO CORPORATION 15,320 BROTHER INDUSTRIES, LTD. 15,152 SUMITOMO CHEMICAL COMPANY, LIMITED 15,051 Hankyu Hanshin Holdings, Inc. 14,865 Sanwa Holdings Corporation 14,809 Others 1,421,647 Total listed equity instruments at fair value through other comprehensive income ¥ 3,453,493 (1) NIPPON STEEL & SUMITOMO METAL CORPORATION changed its trade name to NIPPON STEEL CORPORATION on April 1, 2019. Disposal of equity instruments at fair value through other comprehensive income The SMBC Group sold equity instruments measured at fair value through other comprehensive income mainly in order to mitigate the impact of share price fluctuations on the SMBC Group’s financial base. The fair value of the equity instruments measured at fair value through other comprehensive income at the date of derecognition and the cumulative gain on disposal for the fiscal year ended March 31, 2019 were as follows: For the fiscal year ended (In millions) Fair value of the equity instruments at fair value through other comprehensive income at the date of derecognition ¥ 275,410 Cumulative gain on disposal 93,574 The SMBC Group transferred the cumulative gain or loss related to the equity instruments that were derecognized or whose significant fair value decline reduced income tax expense for the current reporting period from “Other reserves” to “Retained earnings.” The transferred amount was ¥64,012 million for the fiscal year ended March 31, 2019. |
Loans and Advances
Loans and Advances | 12 Months Ended |
Mar. 31, 2019 | |
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Loans and Advances | 10 LOANS AND ADVANCES The following table presents loans and advances at March 31, 2019 and 2018. At March 31, 2019 At March 31, 12-month Lifetime ECL Lifetime ECL credit-impaired Total Total (In millions) Loans and advances at amortized cost: Gross loans and advances ¥ 89,073,539 ¥ 1,590,761 ¥ 882,018 ¥ 91,546,318 ¥ 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) (239,181 ) Less: Allowance for loan losses (158,094 ) (92,446 ) (354,448 ) (604,988 ) (491,676 ) Carrying amount ¥ 90,682,938 ¥ 85,129,070 Reconciliation of allowance for loan losses is as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Allowance for loan losses at beginning of period (1) ¥ 651,620 ¥ 680,456 ¥ 722,717 Provision for loan losses 122,927 126,623 141,457 Charge-offs: Domestic 139,496 161,526 157,373 Foreign 40,758 23,534 33,135 Total 180,254 185,060 190,508 Recoveries: Domestic 9,767 9,658 9,852 Foreign 1,275 574 445 Total 11,042 10,232 10,297 Net charge-offs 169,212 174,828 180,211 Others (2) (347 ) (140,575 ) (3,507 ) Allowance for loan losses at end of period ¥ 604,988 ¥ 491,676 ¥ 680,456 Allowance for loan losses applicable to foreign activities: Balance at beginning of period ¥ 153,167 ¥ 128,347 ¥ 134,664 Balance at end of period ¥ 155,114 ¥ 114,306 ¥ 128,347 Provision for loan losses ¥ 46,597 ¥ 19,872 ¥ 29,699 (1) Allowance for loan losses at the beginning of period for the fiscal year ended March 31, 2019 is calculated under IFRS 9. For additional information, refer to Note 2 “Summary of Significant Accounting Policies”. (2) Others mainly include the exclusion of the allowance for loans and advances made by Kansai Urban Banking Corporation (“KUBC”) and THE MINATO BANK, LTD. (“The Minato Bank”), both of which had been the Company’s subsidiaries but became its equity-method associates, and the exclusion of the allowance for loans and advances made by SMFL which was reclassified as assets held for sale during the fiscal year ended March 31, 2018. The amount for the fiscal year ended March 31, 2017 mainly includes foreign exchange transactions. For additional information on movements in impairment allowance for the fiscal year ended March 31, 2019, refer to Note 45 “Financial Risk Management”. |
Investments in Associates and J
Investments in Associates and Joint Ventures | 12 Months Ended |
Mar. 31, 2019 | |
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Investments in Associates and Joint Ventures | 11 INVESTMENTS IN ASSOCIATES AND JOINT VENTURES The following table presents the SMBC Group’s principal associates and joint venture at March 31, 2019. Investments in associates and joint ventures of the SMBC Group are accounted for using the equity method unless they are held for sale. Company Name Country of Proportion (1) Proportion (1) Main Business (%) (%) Principal Associates Kansai Mirai Financial Group, Inc. Japan 15.5 23.5 (2) Bank holding company The Japan Net Bank, Limited Japan 46.5 46.5 Internet banking The Bank of East Asia, Limited China 19.5 19.5 Commercial banking ACLEDA Bank Plc. Cambodia 18.2 18.2 Commercial banking Vietnam Export Import Commercial Joint Stock Bank Vietnam 15.0 15.0 Commercial banking Sumitomo Mitsui Auto Service Company, Limited Japan 21.9 21.9 Leasing SMBC Aviation Capital Limited Ireland 32.0 32.0 Leasing POCKET CARD CO., LTD. Japan 20.0 20.0 Credit card SAKURA KCS Corporation Japan 29.7 29.7 System engineering and data processing JSOL Corporation Japan 50.0 50.0 System development and data processing Sakura Information Systems Co., Ltd. Japan 49.0 49.0 System engineering and data processing Daiwa SB Investments Ltd. (3) Japan 48.9 48.9 Investment advisory and investment trust management China Post & Capital Fund Management Co., Ltd. China 23.6 23.6 Investment advisory and investment trust management Principal Joint Venture Sumitomo Mitsui Finance and Leasing Company, Limited Japan 50.0 50.0 Leasing (1) Percentages of proportion of ownership interest and proportion of voting rights have been truncated. (2) The SMBC Group has a 15.6% direct holding in Kansai Mirai Financial Group, Inc., and can exercise a further 7.9% of the voting rights held by SMBC’s retirement benefit trust under contractual agreements between SMBC and the retirement benefit trust. (3) Daiwa SB Investments Ltd. was merged with Sumitomo Mitsui Asset Management Company, Limited on April 1, 2019, to form Sumitomo Mitsui DS Asset Management Company, Limited. The SMBC Group accounts for certain investees, including The Bank of East Asia, Limited, ACLEDA Bank Plc. and Vietnam Export Import Commercial Joint Stock Bank, as associates regardless of its below 20% holdings of the voting rights to these investees, since the SMBC Group has the ability to exercise significant influence over these investees through participation in the policy making process at the meeting of the board of directors, the provision of essential technical information, or other relevant agreements or relationships. On the other hand, the SMBC Group accounts for certain investees as financial assets at fair value through other comprehensive income or financial assets at fair value through profit or loss regardless of its 20% or more holdings of the voting rights to these investees when the SMBC Group has contracts or arrangements with other investors by which the SMBC Group loses the power to exert significant influence over such investees. The SMBC Group has interests in a number of associates and joint ventures, none of which are regarded as individually material. The following table summarizes, in aggregate, the financial information of all individually immaterial associates and joint ventures that are accounted for using the equity method: At and for the fiscal year ended 2019 2018 (In millions) Carrying amount of investments in associates and joint ventures ¥ 1,038,823 ¥ 730,414 Share of: Profit from continuing operations 40,157 49,323 Other comprehensive income (loss) (699 ) 7,885 Total comprehensive income 39,458 57,208 There are no significant restrictions on the ability of associates or joint ventures to transfer funds to the SMBC Group in the form of cash dividends, repayment of loans and advances. |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Mar. 31, 2019 | |
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Property, Plant and Equipment | 12 PROPERTY, PLANT AND EQUIPMENT The table below shows the changes in property, plant and equipment for the fiscal years ended March 31, 2019 and 2018. Assets for rent Land Buildings Leased Others Total (In millions) Cost ¥ 2,086,804 ¥ 520,078 ¥ 774,233 ¥ 17,837 ¥ 425,728 ¥ 3,824,680 Accumulated depreciation and impairment losses (427,888 ) (5,586 ) (403,426 ) (10,650 ) (291,075 ) (1,138,625 ) Net carrying amount at April 1, 2017 1,658,916 514,492 370,807 7,187 134,653 2,686,055 Additions 415,397 44 30,144 1,775 54,951 502,311 Acquisition of subsidiaries and businesses 304,233 — — — 24 304,257 Disposals (1) (1,640,222 ) (52,327 ) (33,796 ) (660 ) (10,064 ) (1,737,069 ) Depreciation (91,906 ) — (21,344 ) (2,061 ) (30,663 ) (145,974 ) Impairment losses — (2,446 ) (25,203 ) (136 ) (31 ) (27,816 ) Exchange differences (66,033 ) (4 ) (284 ) (3 ) (506 ) (66,830 ) Others 302 (192 ) 11,673 47 (16,632 ) (4,802 ) Net carrying amount 580,687 459,567 331,997 6,149 131,732 1,510,132 Cost 607,769 466,046 738,023 17,373 413,945 2,243,156 Accumulated depreciation and impairment losses (27,082 ) (6,479 ) (406,026 ) (11,224 ) (282,213 ) (733,024 ) Net carrying amount at March 31, 2018 580,687 459,567 331,997 6,149 131,732 1,510,132 Additions 18,584 355 30,998 1,307 39,203 90,447 Acquisition of subsidiaries and businesses — 6,998 1,710 — 5,340 14,048 Disposals (6,009 ) (2,167 ) (1,458 ) (216 ) (2,615 ) (12,465 ) Depreciation (18,597 ) — (22,173 ) (1,683 ) (27,183 ) (69,636 ) Impairment losses — (774 ) (4,936 ) — (196 ) (5,906 ) Exchange differences (9,667 ) 95 228 — 268 (9,076 ) Others (537 ) 23 2,134 19,992 (31,370 ) (9,758 ) Net carrying amount 564,461 464,097 338,500 25,549 115,179 1,507,786 Cost 609,763 469,095 746,687 60,158 394,308 2,280,011 Accumulated depreciation and impairment losses (45,302 ) (4,998 ) (408,187 ) (34,609 ) (279,129 ) (772,225 ) Net carrying amount at March 31, 2019 ¥ 564,461 ¥ 464,097 ¥ 338,500 ¥ 25,549 ¥ 115,179 ¥ 1,507,786 (1) Disposals include property, plant and equipment owned by SMFL reclassified as “Assets held for sale” during the fiscal year ended March 31, 2018. In addition, Disposals include property, plant and equipment related to KUBC and The Minato Bank, both of which had been the Company’s subsidiaries but became its equity method associates in March, 2018. The impairment losses on property, plant and equipment are included in “Other expenses” in the consolidated income statements. The SMBC Group had ¥62,027 million and ¥2,626 million of contractual commitments to acquire property, plant and equipment at March 31, 2019 and 2018, respectively. The carrying amount of items of property, plant and equipment on which there was a restriction on title was ¥25,549 million and ¥6,149 million at March 31, 2019 and 2018, respectively. |
Leases
Leases | 12 Months Ended |
Mar. 31, 2019 | |
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Leases | 13 LEASES As Lessee The SMBC Group leases land and buildings, office equipment, and other tangible and intangible assets from third parties under finance leases or operating leases. Carrying amount of assets held under finance leases The carrying amount of assets held under finance leases at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Tangible assets: Land and buildings ¥ 2,520 ¥ 2,837 Other tangible assets (1) 23,029 3,312 Total (2) 25,549 6,149 Intangible assets: Software 991 144 Total ¥ 26,540 ¥ 6,293 (1) Other tangible assets include mainly equipment, machinery and vehicles. (2) Cross-reference to Leased assets in Note 12 “Property, Plant and Equipment.” Finance lease commitments The total of future minimum lease payments and their present value under finance leases at March 31, 2019 and 2018 were as follows: At March 31, 2019 2018 (In millions) Not later than one year ¥ 8,478 ¥ 2,567 Later than one year and not later than five years 19,392 4,664 Later than five years 5,322 3,086 Total 33,192 10,317 Less: Future interest charges (2,813 ) (1,151 ) Present value of finance lease commitments (1) ¥ 30,379 ¥ 9,166 (1) Present value of finance lease commitments is included in “Borrowings” in the consolidated statements of financial position. See Note 18 “Borrowings.” Operating lease commitments The total amounts of future minimum lease payments under non-cancellable At March 31, 2019 2018 (In millions) Not later than one year ¥ 47,600 ¥ 42,329 Later than one year and not later than five years 132,720 129,298 Later than five years 140,011 121,419 Total future minimum lease payments under non-cancellable ¥ 320,331 ¥ 293,046 For the fiscal years ended March 31, 2019, 2018 and 2017, ¥52,465 million, ¥50,561 million and ¥49,047 million were recognized as expenses in respect of operating lease and sublease agreements, of which ¥52,155 million, ¥50,058 million and ¥48,527 million related to minimum lease payments, and ¥310 million, ¥503 million and ¥520 million related to sublease payments, respectively. Lease expenses recognized in respect of lease and sublease agreements are included in “General and administrative expenses” in the consolidated income statements. As Lessor The SMBC Group leases assets to third parties under finance leases or operating leases, including machinery, equipment, aircraft, vessel and property. Finance lease receivable The gross investment in the lease, unearned finance income, present value of the minimum lease payments receivable and unguaranteed residual values under finance leases at March 31, 2019 and 2018 were as follows: At March 31, 2019 Gross Unearned income Present value (1) Unguaranteed (1) (In millions) Not later than one year ¥ 65,963 ¥ 13,053 ¥ 52,910 ¥ 14,894 Later than one year and not later than five years 214,042 26,713 187,329 27,186 Later than five years 57,589 10,202 47,387 24,282 Total ¥ 337,594 ¥ 49,968 ¥ 287,626 ¥ 66,362 At March 31, 2018 Gross Unearned income Present value (1) Unguaranteed (1) (In millions) Not later than one year ¥ 54,501 ¥ 13,470 ¥ 41,031 ¥ 6,483 Later than one year and not later than five years 227,793 29,746 198,047 43,206 Later than five years 73,979 11,574 62,405 21,117 Total ¥ 356,273 ¥ 54,790 ¥ 301,483 ¥ 70,806 (1) Present value of the minimum lease payments receivable and unguaranteed residual values are included in “Loans and advances” in the consolidated statements of financial position. Accumulated allowance for uncollectible minimum lease payments receivable amounting to ¥1,342 million was measured under IFRS 9 at March 31, 2019. Accumulated allowance for uncollectible minimum lease payments receivable amounting to ¥1,828 million was measured under IAS 39 at March 31, 2018. For information on IFRS 9 and IAS 39, refer to Note 2 “Summary of Significant Accounting Policies”. Operating lease receivable The total amounts of the future minimum lease payments receivable under non-cancellable At March 31, 2019 2018 (In millions) Not later than one year ¥ 35,937 ¥ 38,072 Later than one year and not later than five years 67,235 70,813 Later than five years 18,007 18,857 Total ¥ 121,179 ¥ 127,742 |
Intangible Assets
Intangible Assets | 12 Months Ended |
Mar. 31, 2019 | |
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Intangible Assets | 14 INTANGIBLE ASSETS Goodwill The table below shows the changes in goodwill by business segment for the fiscal years ended March 31, 2019 and 2018. Wholesale Business Unit Retail Business Unit International Business Unit Head office account and Total (In millions) Gross amount of goodwill ¥ 2,417 ¥ 63,418 ¥ 13,047 ¥ 435,338 ¥ 514,220 Accumulated impairment losses — — — (87,765 ) (87,765 ) Net carrying amount at March 31, 2017 2,417 63,418 13,047 347,573 426,455 Disposals (1) — — — (11,197 ) (11,197 ) Impairment losses (956 ) — (4,292 ) (23,359 ) (28,607 ) Reclassification to assets held for sale (2) (1,461 ) — (8,166 ) (102,710 ) (112,337 ) Exchange differences — — (589 ) — (589 ) Net carrying amount — 63,418 — 210,307 273,725 Gross amount of goodwill 956 63,418 4,292 321,431 390,097 Accumulated impairment losses (956 ) — (4,292 ) (111,124 ) (116,372 ) Net carrying amount at March 31, 2018 — 63,418 — 210,307 273,725 Acquisitions (3) — — 4,707 — 4,707 Impairment losses — — — (62,624 ) (62,624 ) Net carrying amount — 63,418 4,707 147,683 215,808 Gross amount of goodwill 956 63,418 8,999 321,431 394,804 Accumulated impairment losses (956 ) — (4,292 ) (173,748 ) (178,996 ) Net carrying amount at March 31, 2019 ¥ — ¥ 63,418 ¥ 4,707 ¥ 147,683 ¥ 215,808 (1) “Disposals” in Head office account and others includes amount of goodwill relating to Kansai Urban Banking Corporation (“KUBC”) which ceased to be the SMBC Group’s consolidated subsidiary and became the SMBC Group’s associate during the fiscal year ended March 31, 2018. In addition, on April 1, 2018, KUBC became a wholly owned subsidiary of Kansai Mirai Financial Group, an intermediate holding company, and Kansai Mirai Financial Group became our equity-method associate. (2) The SMBC Group reclassified goodwill of ¥112,337 million allocated to Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) and its subsidiaries to assets held for sale at March 31, 2018. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” (3) The SMBC Group recognized goodwill of ¥4,707 million in International Business Unit resulting from the acquisition of PT Bank Tabungan Pensiunan Nasional Tbk on January 30, 2019. For additional information, refer to Note 49 “Acquisitions.” The SMBC Group has four main business segments: the Wholesale Business Unit, the Retail Business Unit, the International Business Unit and the Global Markets Business Unit, with the remaining operations recorded in the Head office account and others. Impairment testing of goodwill Allocating goodwill to cash-generating units For the purpose of impairment testing, goodwill is allocated to cash-generating units or group of cash-generating units, which represent the lowest level within the entity at which goodwill is monitored for internal purposes. At March 31, 2019, the SMBC Group allocated goodwill to the Retail Business Unit of SMBC Consumer Finance Co., Ltd. (“SMBC Consumer Finance”) amounting to ¥56,692 million and to the Head office account and others of SMBC Nikko Securities Inc. (“SMBC Nikko Securities”) and Sumitomo Mitsui Asset Management Company, Limited (“SMAM”) amounting to ¥109,629 million and ¥38,053 million, respectively. At March 31, 2018, the SMBC Group allocated goodwill to the Retail Business Unit of SMBC Consumer Finance amounting to ¥56,692 million and to the Head office account and others of SMBC Nikko Securities and SMAM amounting to ¥172,253 million and ¥38,053 million, respectively. The aggregate amounts of other goodwill were ¥11,434 million and ¥6,727 million at March 31, 2019 and 2018, respectively, and they were not considered individually significant. Timing of impairment tests The SMBC Group performs impairment tests at least annually and whenever there is an indication that the cash-generating unit may be impaired. Recoverable amount of cash-generating units To determine whether an impairment loss shall be recognized, the carrying amount of a cash-generating unit is compared to its recoverable amount. The recoverable amount of a cash-generating unit is the higher of its fair value less costs to sell and its value in use. Fair value less costs to sell Value in use The financial plans, which are used to estimate the cash flow projections of the cash-generating units, cover three to five years. The cash flow projections beyond the period covered by the financial plans are extrapolated by applying the appropriate growth rates in perpetuity. Key assumptions used in impairment testing The key assumptions used for the value in use calculations for the fiscal years ended March 31, 2019 and 2018 were as follows: SMBC Trust Bank SMBC SMBC SMAM Corporate Retail (1) For the fiscal year ended March 31, 2019: Pre-tax — — 8.90 % 11.37 % 8.95 % Growth rate — — 1.00 % 1.00 % 1.00 % For the fiscal year ended March 31, 2018: Pre-tax 12.61 % 9.91 % 11.42 % 11.20 % 9.01 % Growth rate 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % (1) The business which SMBC Trust Bank acquired from Citibank Japan Ltd., in November 2015 is identified as Retail Banking. Management considers that the pre-tax Pre-tax pre-tax Growth rate Management believes that there were no reasonably possible changes in any of the key assumptions that would lead to the recoverable amounts of the cash-generating units being below these carrying amounts for the fiscal years ended March 31, 2019 and 2018. Recognition of Impairment Losses If the recoverable amount of the cash-generating unit is less than its carrying amount, the carrying amount of the cash-generating unit is reduced to its recoverable amount, and this reduction is recognized as impairment loss of goodwill. The recoverable amount of SMBC Nikko Securities was determined based on the value in use. For the fiscal year ended March 31, 2019, the value in use of SMBC Nikko Securities decreased to less than its carrying amount, primarily due to the revision of the business plan considering the recent business performance. As a result, the SMBC Group recognized an impairment loss of ¥62,624 million on the goodwill relating to SMBC Nikko Securities, for the fiscal year ended March 31, 2019. The recoverable amount of SMBC Trust Bank was determined based on the value in use. For the fiscal year ended March 31, 2018, the value in use of SMBC Trust Bank decreased to less than its carrying amount, primarily due to the revision of the business plan and the key assumptions. As a result, the SMBC Group recognized an impairment loss of ¥23,359 million, equal to the total carrying amount of the goodwill relating to the SMBC Trust Bank, for the fiscal year ended March 31, 2018. The impairment losses on goodwill are included in “Other expenses” in the consolidated income statements. Other intangible assets The table below shows the changes in other intangible assets for the fiscal years ended March 31, 2019 and 2018. Internally Purchased Contractual Trademarks Other Total (In millions) Cost ¥ 648,463 ¥ 372,531 ¥ 248,977 ¥ 46,116 ¥ 64,487 ¥ 1,380,574 Accumulated amortization and impairment losses (356,326 ) (232,834 ) (78,513 ) (30,263 ) (12,525 ) (710,461 ) Net carrying amount at April 1, 2017 292,137 139,697 170,464 15,853 51,962 670,113 Additions 93,977 40,024 — — 2,169 136,170 Acquisition of subsidiaries and businesses — 222 — — — 222 Disposals (1) (8,420 ) (11,928 ) (57,987 ) — (1,844 ) (80,179 ) Amortization (84,662 ) (43,818 ) (20,192 ) (4,280 ) (4,473 ) (157,425 ) Impairment losses — — (1,830 ) — (5,229 ) (7,059 ) Exchange differences 142 (731 ) — — (29 ) (618 ) Others 343 2,099 — — (1,489 ) 953 Net carrying amount 293,517 125,565 90,455 11,573 41,067 562,177 Cost 650,632 340,593 172,950 46,116 54,024 1,264,315 Accumulated amortization and impairment losses (357,115 ) (215,028 ) (82,495 ) (34,543 ) (12,957 ) (702,138 ) Net carrying amount at March 31, 2018 293,517 125,565 90,455 11,573 41,067 562,177 Additions 93,834 38,518 — — 3,802 136,154 Acquisition of subsidiaries and businesses 3,705 252 12,845 9,706 30,919 57,427 Disposals (3,020 ) (1,637 ) — — (540 ) (5,197 ) Amortization (88,322 ) (41,798 ) (11,226 ) (4,401 ) (3,532 ) (149,279 ) Impairment losses — — — (4,020 ) (21 ) (4,041 ) Exchange differences 53 522 — — 22 597 Others 2,314 7,632 — — (1,807 ) 8,139 Net carrying amount 302,081 129,054 92,074 12,858 69,910 605,977 Cost 697,480 358,130 185,795 55,822 87,607 1,384,834 Accumulated amortization and impairment losses (395,399 ) (229,076 ) (93,721 ) (42,964 ) (17,697 ) (778,857 ) Net carrying amount at March 31, 2019 ¥ 302,081 ¥ 129,054 ¥ 92,074 ¥ 12,858 ¥ 69,910 ¥ 605,977 (1) Disposals include other intangible assets owned by SMFL reclassified as “Assets held for sale” during the fiscal year ended March 31, 2018. The impairment losses on other intangible assets are included in “Other expenses” and the amortization expenses of other intangible assets are included in “General and administrative expenses” in the consolidated income statements. The SMBC Group had nil and ¥383 million of contractual commitments to acquire intangible assets at March 31, 2019 and 2018, respectively. The amounts of research and development expenditure recognized as expenses for the fiscal years ended March 31, 2019, 2018 and 2017 were ¥167 million, ¥84 million and ¥89 million, respectively, and they were included in “General and administrative expenses” in the consolidated income statements. Other intangibles at March 31, 2019 and 2018 include leasehold rights, amounting to ¥5,517 million and ¥5,436 million, respectively, which are rights to use land for the purpose of owning the buildings. Since the SMBC Group has a long history of renewal, these contracts are not expected to be terminated in the foreseeable future. Leasehold rights are expected to generate cash flows for an indefinite period of time. They are not amortized but are tested for impairment annually, irrespective of whether there is any indication of impairment. |
Other Assets
Other Assets | 12 Months Ended |
Mar. 31, 2019 | |
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Other Assets | 15 OTHER ASSETS Other assets at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Prepaid expenses ¥ 78,475 ¥ 49,300 Accrued income 385,051 416,210 Receivables from brokers, dealers and customers for securities transactions 1,159,479 1,175,495 Cash collateral provided for derivative and other financial transactions 1,537,672 1,560,972 Retirement benefit assets 268,483 316,455 Security deposits 92,867 99,247 Others 557,787 426,229 Total other assets ¥ 4,079,814 ¥ 4,043,908 |
Deposits
Deposits | 12 Months Ended |
Mar. 31, 2019 | |
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Deposits | 16 DEPOSITS Deposits at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Non-interest-bearing ¥ 22,594,227 ¥ 21,611,514 Interest-bearing demand deposits 56,205,396 52,154,265 Deposits at notice 11,169,956 10,355,664 Time deposits 25,760,889 25,655,132 Negotiable certificates of deposit 11,165,487 11,220,285 Others (1) 7,508,697 7,464,667 Total deposits ¥ 134,404,652 ¥ 128,461,527 (1) Others include, among other items, foreign currency deposits in domestic offices and Japanese yen accounts held by foreign depositors in domestic offices. |
Trading Liabilities
Trading Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
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Trading Liabilities | 17 TRADING LIABILITIES Trading liabilities at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Debt instruments “short position” ¥ 1,835,860 ¥ 2,008,711 Equity instruments “short position” 162,834 135,188 Total trading liabilities ¥ 1,998,694 ¥ 2,143,899 Trading liabilities include the instruments classified as held for trading. Trading debt instruments mainly consist of Japanese government bonds. Trading equity instruments mainly consist of publicly traded Japanese stocks. |
Borrowings
Borrowings | 12 Months Ended |
Mar. 31, 2019 | |
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Borrowings | 18 BORROWINGS Borrowings at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Unsubordinated borrowings ¥ 10,632,213 ¥ 9,158,844 Subordinated borrowings 273,819 279,749 Liabilities associated with securitization transactions 1,231,447 1,204,722 Lease obligations 30,379 9,166 Total borrowings ¥ 12,167,858 ¥ 10,652,481 |
Debt Securities in Issue
Debt Securities in Issue | 12 Months Ended |
Mar. 31, 2019 | |
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Debt Securities in Issue | DEBT SECURITIES IN ISSUE Debt securities in issue at March 31, 2019 and 2018 consisted of the following: At March 31, Interest rate 2019 2018 (In millions) SMFG: Bonds: Bonds, payable in United States dollars, due 2021-2048 2.06%-4.31% ¥ 3,209,483 ¥ 2,583,513 Bonds, payable in euros, due 2022-2033 0.12%-1.72% 553,053 509,987 Bonds, payable in Australian dollars, due 2022-2028 3.04%-4.13% 183,049 179,367 Bonds, payable in Hong Kong dollars, due 2028 3.54% 4,242 — Subordinated bonds: Subordinated bonds, payable in Japanese yen, due 2024-2030 0.30%-1.33% 756,572 757,999 Subordinated bonds, payable in United States dollars, due 2024 4.44% 191,741 185,426 Total SMFG 4,898,140 4,216,292 SMBC: Commercial paper (0.50%)-2.86% 1,634,812 1,521,437 Bonds: Bonds, payable in Japanese yen, due 2018-2019 0.25%-0.33% 50,000 99,000 Bonds, payable in United States dollars, due 2018-2045 1.67%-4.30% 1,660,610 2,072,295 Bonds, payable in euros, due 2020-2023 0.19%-2.75% 429,544 260,236 Bonds, payable in Australian dollars, due 2018-2025 2.90%-4.13% 40,913 63,572 Bonds, payable in Hong Kong dollars, due 2020-2025 2.09%-2.92% 33,427 32,009 Bonds, payable in Thai baht, due 2019-2021 2.00%-2.66% 33,155 25,575 Bonds, payable in Great Britain pound, due 2020 1.19% 36,258 — Subordinated bonds: Subordinated bonds, payable in Japanese yen, due 2019-2026 1.43%-2.80% 362,777 385,522 Subordinated bonds, payable in United States dollars, due 2022 4.85% 166,090 158,912 Subordinated bonds, payable in euros, due 2020 4.00% 93,147 97,648 Total SMBC 4,540,733 4,716,206 Other subsidiaries: Commercial paper 0.00%-2.80% 805,703 946,208 Bonds: Bonds, payable in Japanese yen, due 2018-2049 0.01%-21.00% 702,312 616,267 Bonds, payable in United States dollars, due 2018-2037 0.01%-4.45% 48,143 24,599 Bonds, payable in euros, due 2023 0.10%-0.55% 124,451 — Bonds, payable in Indonesian rupiah, due 2018-2020 7.50%-9.85% 19,487 19,081 Bonds, payable in Australian dollars, due 2019-2031 0.01%-3.00% 2,075 1,896 Bonds, payable in Turkish lira, due 2019-2023 0.01%-15.00% 5,165 3,568 Subordinated bonds: Subordinated bonds, payable in Japanese yen, due 2019-2028 4.00%-4.15% 25,000 25,000 Total other subsidiaries 1,732,336 1,636,619 Total debt securities in issue ¥ 11,171,209 ¥ 10,569,117 Interest rates represent the contractual interest rates that were applied at March 31, 2019 and 2018, and thus do not represent the actual effective interest rates. The following table presents the movement in Subordinated bonds for the fiscal year ended March 31, 2019 and 2018. For the fiscal year ended 2019 2018 (In millions) Subordinated bonds at beginning of period (1) ¥ 1,610,507 ¥ 1,707,025 Cash flows: Proceeds from issuance of subordinated bonds — 104,866 Redemption of subordinated bonds (26,721 ) (180,034 ) Non-cash Foreign exchange translations 10,803 (11,138 ) Others (2) 738 (10,212 ) Subordinated bonds at end of period (1) ¥ 1,595,327 ¥ 1,610,507 (1) The balances are comprised of subordinated bonds issued by SMFG, SMBC and other subsidiaries. (2) Others mainly include changes arising from losing control of SMFG’s subsidiaries for the fiscal year ended March 31, 2018. |
Provisions
Provisions | 12 Months Ended |
Mar. 31, 2019 | |
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Provisions | 20 PROVISIONS The following table presents movements by class of provisions for the fiscal years ended March 31, 2019 and 2018. Provision for Other provisions Total (In millions) Balance at April 1, 2017 ¥ 157,333 ¥ 37,367 ¥ 194,700 Additional provisions 50,500 28,537 79,037 Amounts used (61,961 ) (14,902 ) (76,863 ) Unused amounts reversed (479 ) (3,247 ) (3,726 ) Amortization of discount and effect of change in discount rate (142 ) 209 67 Others (72 ) (4,876 ) (4,948 ) Balance at March 31, 2018 145,179 43,088 188,267 Balance at April 1, 2018 (1) ¥ 145,179 ¥ 68,071 ¥ 213,250 Additional provisions 47,000 7,040 54,040 Amounts used (44,063 ) (18,576 ) (62,639 ) Unused amounts reversed (106 ) (10,277 ) (10,383 ) Amortization of discount and effect of change in discount rate 399 158 557 Others — (7 ) (7 ) Balance at March 31, 2019 ¥ 148,409 ¥ 46,409 ¥ 194,818 (1) The balance of “Other provisions” at April 1, 2018 increased from that at March 31, 2018, primarily due to the increase of the balance of provision for loan commitments as a result of the IFRS 9 adoption. For additional information, refer to Note 2 “Summary of Significant Accounting Policies.” Provision for Interest Repayment Japan has two laws restricting interest rates on loans. The Interest Rate Restriction Act sets the maximum interest rates on loans ranging from 15% to 20%. The Act Regulating the Receipt of Contributions, Receipt of Deposits and Interest Rates capped the interest rate on loans at 29.2% up to June 2010. Interest rates on loans greater than the range of 15-20% In January 2006, judicial decisions strictly interpreted the conditions under which consumer finance companies may retain gray zone interest. As a result, claims for refunds of gray zone interest have increased, and consumer lending and credit card companies have recorded a provision for claims for refunds of gray zone interest. In December 2006, the Government of Japan made amendments to laws regulating money lenders to implement regulatory reforms affecting the consumer finance industry. As a result, in June 2010, the maximum legal interest rates on loans were reduced to the range of 15-20%, The provision for interest repayment is calculated by estimating the future claims for the refund of gray zone interest, taking into account historical experience such as the number of customer claims for a refund, the amount of repayments and the characteristics of customers, and the length of the period during which claims are expected to be received in the future. Of these historical experiences, the number of customer claims for the refund has a significant effect on the amount of the provision, and the historical number of customer claims to the SMBC Group was 84 thousand, 94 thousand and 127 thousand for the fiscal years ended March 31, 2019, 2018 and 2017, respectively. The timing of the settlement of these claims is uncertain. The increase in the provision for interest repayment for the fiscal year ended March 31, 2019 was primarily due to additional provisions as a result of the estimation of the future claims for the refund, which was partially offset by the use of the provision during the year. Other Provisions Other provisions include asset retirement obligations and provisions for loan commitments, reimbursement of deposits, point programs, product warranties and litigation claims. Most of these provisions occurred in the normal course of business and none of them were individually significant at March 31, 2019 and 2018. |
Other Liabilities
Other Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
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Other Liabilities | OTHER LIABILITIES Other liabilities at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Accrued expenses ¥ 360,258 ¥ 313,226 Unearned income 129,414 133,478 Financial guarantees and other credit-related contingent liabilities 43,117 119,170 Due to trust account 1,228,223 1,328,271 Payables to brokers, dealers and customers for securities transactions 828,758 1,737,919 Payables related to credit card services 703,845 640,487 Obligations from factoring transactions 587,960 566,284 Retirement benefit liabilities 36,027 36,888 Guarantee deposits received 497,379 701,177 Others 1,716,758 1,305,840 Total other liabilities ¥ 6,131,739 ¥ 6,882,740 |
Deferred Income Tax
Deferred Income Tax | 12 Months Ended |
Mar. 31, 2019 | |
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Deferred Income Tax | 22 DEFERRED INCOME TAX The changes of net deferred tax assets and liabilities for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 (In millions) At beginning of period (1) ¥ (321,493 ) ¥ (238,240 ) Deferred tax benefit (expense) (10,623 ) (1,036 ) Deferred tax relating to other comprehensive income: Remeasurements of defined benefit plans reserve 12,407 (22,492 ) Available-for-sale — (99,383 ) Financial instruments at fair value through other comprehensive income reserve 108,090 — Exchange differences on translating foreign operations reserve 474 3,137 Acquisition and disposal of subsidiaries and businesses (16,391 ) (17,196 ) Reclassification to assets held for sale (2) — (5,540 ) Exchange differences and others (2,756 ) 2,445 At end of period ¥ (230,292 ) ¥ (378,305 ) (1) The net deferred tax assets and liabilities at the beginning of period for the fiscal year ended March 31, 2019 are calculated under IFRS 9 and IFRS 15. For additional information, refer to Note 2 “Summary of Significant Accounting Policies.” (2) The SMBC Group reclassified net deferred tax assets of ¥5,540 million allocated to Sumitomo Mitsui Finance and Leasing Company, Limited and its subsidiaries to assets held for sale at March 31, 2018. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” The deferred tax assets and liabilities at March 31, 2019 and 2018 were attributable to the following items: At March 31, 2019 2018 (In millions) Deferred tax assets: Loans and advances ¥ 286,752 ¥ 206,928 Derivative financial instruments 48,821 59,530 Tax losses carried forward 44,518 24,082 Provision for interest repayment 37,845 36,779 Retirement benefits 10,254 9,204 Investment securities 754 1,243 Other deductible temporary differences 112,092 152,891 Total deferred tax assets 541,036 490,657 Deferred tax liabilities: Investment securities 572,369 680,425 Goodwill and intangible assets 71,265 81,076 Property, plant and equipment 57,607 28,786 Lease transactions 10,381 10,866 Retirement benefits 3,224 19,484 Other taxable temporary differences 56,482 48,325 Total deferred tax liabilities 771,328 868,962 Net deferred tax liabilities (1) ¥ (230,292 ) ¥ (378,305 ) (1) Deferred tax assets and deferred tax liabilities are offset in the consolidated statements of financial position if the entity has a legally enforceable right to set off current tax assets against current tax liabilities, and the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority on the same taxable entity. On March 31, 2016, the Government of Japan promulgated (i) an amendment to the Corporation Tax Act and (ii) the Local Tax Act. Those laws (i) reduce the Japanese national corporation tax rate by 0.5 percentage points from the fiscal year beginning April 1, 2016 and additionally reduce by 0.2 percentage points from the fiscal year beginning April 1, 2018, and (ii) reduce the enterprise tax rate by 1.2 percentage points from the fiscal year beginning April 1, 2016. As a result, the effective statutory tax rate of the Company was reduced from 32.3% to 30.9% during the two fiscal years beginning April 1, 2016 through March 31, 2018 and from 30.9% to 30.6% for the fiscal years beginning April 1, 2018. The SMBC Group measured deferred tax assets and liabilities at the rates that were expected to apply to the period when the assets are realized or the liabilities are settled. On December 22, 2016, the Company applied to the Commissioner of the National Tax Agency for permission to adopt the consolidated corporate-tax corporate-tax corporate-tax The deferred tax assets of the Company and its wholly owned domestic subsidiaries, which adopted the consolidated corporate-tax The following table shows the amounts of deductible temporary differences and tax losses carried forward by expiration date at March 31, 2019 and 2018 for which no deferred tax assets were recognized. At March 31, 2019 2018 (In millions) Deductible temporary differences ¥ 414,953 ¥ 445,649 Tax losses carried forward which will expire in 1 year 153,865 224,298 2 years 250,892 209,109 3 years 63,571 252,812 4 years 56,043 70,222 5 years 47,562 140,879 6 years 26,276 59,791 7 years 13,231 44,575 8 years 60,093 16,279 9 years — 59,367 10 years and thereafter 146,206 367 Total deductible temporary differences and tax losses carried forward (1) ¥ 1,232,692 ¥ 1,523,348 (1) Under the consolidated corporate-tax In addition to the above table, the SMBC Group does not recognize deferred tax assets for deductible temporary differences related to investments in subsidiaries, associates and joint ventures where the Company has no intention to reverse these differences in the foreseeable future. The amount of those deductible temporary differences was ¥810 billion and ¥818 billion at March 31, 2019 and 2018, respectively. At March 31, 2019 and 2018, the amount of taxable temporary differences associated with investments in subsidiaries, associates and joint ventures for which deferred tax liabilities had not been recognized was ¥2,334 billion and ¥2,041 billion, respectively. The Company can control the timing of reversal of the temporary differences and it is probable that they will not be reversed in the foreseeable future. Deferred tax expense for the fiscal years ended March 31, 2019 and 2018 was attributable to the following temporary differences and tax losses carried forward: For the fiscal year ended 2019 2018 (In millions) Property, plant and equipment ¥ (28,338 ) ¥ (1,137 ) Investment securities 25,226 (34,881 ) Goodwill and intangible assets 22,451 7,809 Tax losses carried forward 21,016 (3,448 ) Derivative financial instruments (10,110 ) 9,296 Loans and advances (7,956 ) 6,092 Retirement benefits 5,102 (2,604 ) Provision for interest repayment 1,066 (3,840 ) Lease transactions 278 5,223 Other temporary differences—net (39,358 ) 16,454 Total deferred tax benefit (expense) ¥ (10,623 ) ¥ (1,036 ) |
Retirement Benefits
Retirement Benefits | 12 Months Ended |
Mar. 31, 2019 | |
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Retirement Benefits | 23 RETIREMENT BENEFITS Defined Benefit Plans SMBC and some of the Company’s other subsidiaries have various defined benefit plans such as defined benefit pension plans and lump-sum SMBC’s defined benefit plans account for the vast majority of the defined benefit obligations and plan assets in the SMBC Group. SMBC has a corporate defined benefit pension plan and a lump-sum Defined benefit pension plans SMBC’s corporate defined benefit pension plan is a funded defined benefit pension plan, which is regulated by the Corporate Defined Benefit Pension Plan Law, one of the Japanese pension laws. Benefits are paid in exchange for services rendered by employees who worked for more than a specified period considering their years of service and the degree of their contribution to SMBC. SMBC’s pension fund is a special entity established in accordance with the pension laws, and SMBC has an obligation to make contributions to it. It has a board of directors which consists of an equal number of members elected from both the management and employees of SMBC. These board members have a fiduciary duty to administer and manage the pension fund. The objective of SMBC’s pension fund is to earn a return over the long term which is sufficient to pay future benefits to participants of the corporate defined benefit pension plan, including pension benefit plans, lump-sum The Corporate Defined Benefit Pension Plan Law requires a pension fund to review the assumptions and remeasure the required contribution at least every fifth fiscal year, in order to ensure that it maintains sufficient assets for future benefit payments. On the other hand, the present value of the defined benefit obligation is calculated annually based on actuarial valuations that are dependent upon a number of assumptions, including discount rates, mortality rates and future salary (benefit) increases, in accordance with IAS 19 “Employee Benefits.” Other types of defined benefit pension plans operated by the SMBC Group are generally established and operated in the same manner as described above. Lump-sum SMBC and some of the Company’s other subsidiaries have lump-sum lump-sum SMBC and a number of the Company’s other subsidiaries in Japan established retirement benefit trusts and contributed some of their marketable securities to these trusts in order to isolate these assets for retirement benefits by entering into contracts with trust banks. Retirement benefit trusts are voluntary funds that are used either to contribute assets to the pension funds or to directly settle retirement benefits. Among the SMBC Group, retirement benefit trusts are set up for the defined benefit pension plans, as well as for the lump-sum The assets belonging to the retirement benefit trusts are available to be used only to pay or fund retirement benefits, and practically held by an entity that is legally separated from the SMBC Group. Therefore, they are not available to the SMBC Group’s creditors even in bankruptcy and cannot be returned to the SMBC Group, unless either the remaining assets are sufficient to meet all the related obligations or the entities (funds) reimburse to the SMBC Group the retirement benefits which are already paid by the SMBC Group. Therefore, these assets are accounted for as plan assets. The following tables provide detailed information for the defined benefit plans. The amounts of the retirement benefit liabilities and the retirement benefit assets recognized in the consolidated statements of financial position at March 31, 2019 and 2018 were determined as follows: At March 31, 2019 2018 (In millions) Present value of unfunded obligations ¥ (30,237 ) ¥ (30,082 ) Present value of funded obligations (1,157,946 ) (1,143,589 ) Fair value of plan assets 1,420,639 1,453,238 Net retirement benefit assets (liabilities) ¥ 232,456 ¥ 279,567 Of which retirement benefit liabilities included in “Other liabilities” ¥ (36,027 ) ¥ (36,888 ) Of which retirement benefit assets included in “Other assets” ¥ 268,483 ¥ 316,455 The movements in the defined benefit obligations for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 (In millions) At beginning of period ¥ 1,173,671 ¥ 1,239,784 Current service cost 38,540 40,387 Interest cost 8,008 8,637 Actuarial losses (gains)—demographic assumptions (394 ) 15,485 Actuarial losses —financial assumptions 23,197 5,896 Actuarial losses—experience 2,652 2,519 Benefits paid (42,495 ) (44,433 ) Lump-sum (13,605 ) (24,109 ) Past service cost 108 (44 ) Acquisition of subsidiaries and businesses 5,186 — Others (1) (6,685 ) (70,451 ) At end of period ¥ 1,188,183 ¥ 1,173,671 (1) Others mainly include the exclusion of the defined benefit obligations related to KUBC and The Minato Bank, both of which had been the Company’s subsidiaries but became its equity-method associates, and the exclusion of the defined benefit obligations related to SMFL which was reclassified as assets held for sale during the fiscal year ended March 31, 2018. The movements in the fair value of plan assets for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 (In millions) At beginning of period ¥ 1,453,238 ¥ 1,432,556 Interest income 9,805 10,090 Return on plan assets excluding interest income (14,874 ) 97,433 Contributions by employer 15,101 19,208 Benefits paid (42,495 ) (44,433 ) Acquisition of subsidiaries and businesses 6,191 — Others (1) (6,327 ) (61,616 ) At end of period ¥ 1,420,639 ¥ 1,453,238 (1) Others mainly include the exclusion of the fair value of plan assets related to KUBC and The Minato Bank, both of which had been the Company’s subsidiaries but became its equity-method associates, and the exclusion of the fair value of plan assets related to SMFL which was reclassified as assets held for sale during the fiscal year ended March 31, 2018. The amounts recognized in “General and administrative expenses” in the consolidated income statements for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Current service cost ¥ 38,540 ¥ 40,387 ¥ 40,030 Net interest cost (1,797 ) (1,453 ) (1,153 ) Past service cost 108 (44 ) (3 ) Total ¥ 36,851 ¥ 38,890 ¥ 38,874 The plan assets at March 31, 2019 and 2018 were composed as follows: At March 31, 2019 2018 Quoted in Other Total Quoted in Other Total (In millions) Plan assets retained in the pension funds: Equity instruments ¥ 226,372 ¥ 138,937 ¥ 365,309 ¥ 286,542 ¥ 148,439 ¥ 434,981 Debt instruments 16,124 233,025 249,149 36,290 205,320 241,610 General account of life insurance companies 250 39,463 39,713 356 45,089 45,445 Other investments and short-term assets 33,055 217,344 250,399 45,252 170,476 215,728 Plan assets retained in the retirement benefit trusts: Japanese equity instruments 466,612 1,593 468,205 468,319 1,542 469,861 Other short-term assets 38,278 9,586 47,864 36,340 9,273 45,613 Total ¥ 780,691 ¥ 639,948 ¥ 1,420,639 ¥ 873,099 ¥ 580,139 ¥ 1,453,238 The assets in the pension funds included common stocks issued by the SMBC Group at March 31, 2019 and 2018. The amounts of these stocks were not significant. The assets in retirement benefit trusts were primarily composed of Japanese equity instruments. Most of the plan assets held by the SMBC Group are invested in Japanese equity and debt instruments. Accordingly, the SMBC Group may be exposed to market risk arising from the domestic markets. The SMBC Group retained the voting rights of some of these equity instruments with fair values of ¥456,497 million and ¥457,217 million (32.1% and 31.5% of the total fair values of plan assets) at March 31, 2019 and 2018, respectively. The principal actuarial assumptions used at March 31, 2019, 2018 and 2017 were as follows: At March 31, 2019 2018 2017 Discount rates 0.5 % 0.7 % 0.7 % Discount rates are weighted on the basis of the defined benefit obligations. The assumptions for future mortality are based on the official mortality table generally used for actuarial assumptions in Japan. Under the mortality table, used at March 31, 2019, 2018 and 2017, the current average remaining life expectancy of an individual retiring at age 60 was 23 years for males and 28 years for females. The sensitivity analyses of the effect of changes in key assumptions on the defined benefit obligations at March 31, 2019 and 2018 were as follows: At March 31, 2019 2018 Increase/(decrease) Increase/(decrease) (In millions) Discount rates: Increase by 50 bps ¥ (74,405 ) ¥ (73,146 ) Decrease by 50 bps 84,546 83,014 Average life expectancy at age 60: Increase of one year ¥ 39,661 ¥ 38,291 Each increase and decrease in the table above assumes that only one assumption is changed, with all other assumptions remaining unchanged. In practice, however, changes in multiple assumptions may occur in a mutually interrelated manner. The weighted average durations of defined benefit plans for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: At March 31, 2019 2018 2017 (Years) Lump-sum 12.7 12.8 12.9 Defined benefit pension plans 18.9 18.9 18.2 Funding Policy for Plan Assets The pension funds review the funding status of plan assets every year. If any funding deficit is identified, a measure to cover such deficit will be implemented, for example, by increasing the amount of contributions by the employer. Expected contribution Expected contributions to the defined benefit plans for the fiscal year ending March 31, 2020 are ¥20,208 million. Defined Contribution Plans Some of the Company’s subsidiaries provide defined contribution plans. The amounts recognized as expenses for the defined contribution plans were ¥10,862 million, ¥10,769 million and ¥9,621 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively, which were included in “General and administrative expenses” in the consolidated income statements. Employees’ Pension Insurance Plan In Japan, the Government of Japan operates the Employees’ Pension Insurance Plan which covers most of the private entities’ employees. The amounts of contributions charged to expense for the Employees’ Pension Insurance Plan were ¥39,232 million, ¥42,694 million and ¥43,650 million for the fiscal years ended March 31, 2019, 2018 and 2017, respectively, which were included in “General and administrative expenses” in the consolidated income statements. |
Shareholders' Equity
Shareholders' Equity | 12 Months Ended |
Mar. 31, 2019 | |
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Shareholders' Equity | SHAREHOLDERS’ EQUITY Common Stock The changes in the number of issued shares of common stock and common stock held by the Company or its subsidiaries during the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 Outstanding In treasury Outstanding In treasury Outstanding In treasury At beginning of period 1,414,443,390 3,884,968 1,414,055,625 4,028,883 1,414,055,625 46,830,882 Net change (15,041,970 ) (84,050 ) 387,765 (143,915 ) — (42,801,999 ) (1) At end of period 1,399,401,420 3,800,918 1,414,443,390 3,884,968 1,414,055,625 4,028,883 (1) Includes a decrease of 42,820,864 shares through the sale of the Company’s shares held by SMBC. The total number of authorized shares of common stock was 3,000 million at March 31, 2019 and 2018 with no stated value. All issued shares are fully paid. The details of the stock options and the restricted shares outstanding are described in Note 39 “Share-Based Payment.” On May 14, 2018, the Company’s board of directors resolved to repurchase shares of its common stock and cancel all the repurchased shares. The resolution authorized the repurchase of up to the lesser of (i) an aggregate of 20,000,000 shares of its common stock and (ii) an aggregate of ¥70 billion between May 15, 2018 and July 31, 2018. On June 19, 2018, the Company completed the repurchase, acquiring 15,368,300 shares of its common stock for ¥70 billion in aggregate. The Company cancelled all of the repurchased shares on August 20, 2018. On May 15, 2019, the Company’s board of directors resolved to repurchase shares of its common stock and cancel all the repurchased shares. The resolution authorized the repurchase of up to the lesser of (i) an aggregate of 32,000,000 shares of its common stock and (ii) an aggregate of ¥100 billion between May 16, 2019 and August 30, 2019. The cancellation of the repurchased shares is scheduled on September 20, 2019. During May 2019, the Company entered into contracts to repurchase 5,922,400 shares of common stock for ¥23 billion in aggregate. Preferred Stock The following table shows the number of shares of preferred stock at March 31, 2019 and 2018. At March 31, 2019 At March 31, 2018 Authorized Issued Authorized Issued Type 5 preferred stock 167,000 — 167,000 — Type 7 preferred stock 167,000 — 167,000 — Type 8 preferred stock 115,000 — 115,000 — Type 9 preferred stock 115,000 — 115,000 — All the preferred stocks have no stated value. There was no movement in preferred stock during the fiscal years ended March 31, 2019, 2018 and 2017. Capital stock, Capital surplus and Treasury stock “Capital stock” represents share capital under the Companies Act adjusted by the amount corresponding to the preferred stock which is accounted for as a liability under IFRS. Purchases of treasury stock are recognized at cost in “Treasury stock.” Any additional paid-in Restriction on the Payment of Dividends The amount of the capital surplus and retained earnings of the Company that can be paid out as dividends is subject to restrictions under the Companies Act. These amounts are calculated based on the Company’s nonconsolidated statement of financial position prepared in accordance with Japanese GAAP. Therefore, the adjustments made to prepare the IFRS consolidated financial statements have no impact on the calculation. The total amount that the Company can pay out as a dividend was ¥1,782 billion at March 31, 2019. Other than the restriction by the Companies Act, the Company is required to maintain a risk-weighted capital ratio as per the Banking Act of Japan (“Banking Act”). The detail of the restriction is described in Note 45 “Financial Risk Management.” Therefore, the Company would not be able to pay a dividend if the ratio were to fall below the minimum amount as a result of the payment of the dividends. Since the Company is a holding company, its earnings rely mostly on dividend income from SMBC, and the Company’s other subsidiaries and associates. SMBC is subject to some restrictions on its dividend payment by the Companies Act and the Banking Act, similar to those applied to the Company’s. Other Reserves Remeasurements of defined benefit plans reserve Remeasurements of the defined benefit plans reserve includes the accumulated actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions, and return on plan assets excluding interest income. The movements of remeasurements of the defined benefit plans reserve for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) At beginning of period ¥ 76,102 ¥ 22,774 ¥ 18,985 Gains (losses) arising during the period, before tax (40,329 ) 73,662 8,134 Income tax (expense) benefit for changes arising during the period 12,407 (22,492 ) (2,315 ) Amount attributable to non-controlling 53 45 (1,568 ) Share of other comprehensive income (loss) of associates and joint ventures 760 58 (462 ) Transfer from other reserves to retained earnings 23,432 2,055 — At end of period ¥ 72,425 ¥ 76,102 ¥ 22,774 Available-for-sale The available-for-sale available-for-sale available-for-sale The movements of the available-for-sale For the fiscal year ended 2018 2017 (In millions) At beginning of period ¥ 1,929,894 ¥ 1,756,634 Gains (losses) arising during the period, before tax 582,435 371,438 Income tax (expense) benefit for changes arising during the period (184,128 ) (116,277 ) Reclassification adjustments for (gains) losses included in net profit, before tax (275,038 ) (109,990 ) Income tax benefit for reclassification adjustments 84,745 33,658 Amount attributable to non-controlling (15,653 ) (3,971 ) Share of other comprehensive income (loss) of associates and joint ventures 5 (1,598 ) At end of period ¥ 2,122,260 ¥ 1,929,894 Financial instruments at fair value through other comprehensive income reserve The financial instruments at fair value through other comprehensive income (“FVOCI”) reserve includes the accumulated gains and losses of debt instruments measured at FVOCI and equity instruments measured at FVOCI under IFRS 9. The accumulated gains and losses related to debt instruments measured at FVOCI are reclassified to profit or loss when the assets are derecognized or impaired. The accumulated gains and losses related to equity instruments measured at FVOCI are transferred to retained earnings when the assets are derecognized. In addition, when the decline in the fair value of an equity instrument measured at FVOCI is above the threshold to qualify for a tax deduction, the accumulated losses related to the equity instrument are transferred to retained earnings. The movements of the financial instruments at FVOCI reserve for the fiscal years ended March 31, 2019 were as follows: For the fiscal 2019 (In millions) At beginning of period (1) ¥ 1,718,937 Gains (losses) arising during the period, before tax 21,936 Income tax (expense) benefit for changes arising during the period 2,982 Reclassification adjustments for (gains) losses included in net profit, before tax (6,071 ) Income tax benefit for reclassification adjustments 1,844 Amount attributable to non-controlling 53,769 Share of other comprehensive income (loss) of associates and joint ventures 1,368 Transfer from other reserves to retained earnings (64,158 ) At end of period ¥ 1,730,607 (1) The financial instruments at FVOCI reserve at beginning of period for the fiscal year ended March 31, 2019 is calculated under IFRS 9. For additional information, refer to Note 2 “Summary of Significant Accounting Policies.” Exchange differences on translating foreign operations reserve Exchange differences on translating the foreign operations reserve includes foreign exchange differences arising from the translation of the net assets of foreign operations from their functional currencies to the SMBC Group’s presentation currency, Japanese yen. The movements of exchange differences on translating the foreign operations reserve for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) At beginning of period ¥ 125,987 ¥ 181,374 ¥ 216,336 Gains (losses) arising during the period, before tax 22,517 (75,409 ) (24,063 ) Income tax (expense) benefit for changes arising during the period 343 3,152 2,544 Reclassification adjustments for (gains) losses included in net profit, before tax (37,247 ) 49 (4 ) Income tax (expense) benefit for reclassification adjustments 131 (15 ) 1 Amount attributable to non-controlling 4,430 9,014 6,102 Share of other comprehensive income (loss) of associates and joint ventures (2,827 ) 7,822 (19,542 ) At end of period ¥ 113,334 ¥ 125,987 ¥ 181,374 |
Non-controlling Interests and E
Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders | 12 Months Ended |
Mar. 31, 2019 | |
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Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders | 25 NON-CONTROLLING Non-controlling Non-controlling At March 31, 2019 2018 (In millions) Preferred securities issued by subsidiaries ¥ 436,500 ¥ 730,153 Others 57,623 502,827 Total non-controlling ¥ 494,123 ¥ 1,232,980 Preferred securities issued by subsidiaries Preferred securities issued by subsidiaries consisted of the following: Redemption at (1) At March 31, 2019 2018 (In millions) SMFG Preferred Capital USD 3 Limited (non-cumulative step-up July 2018 ¥ — ¥ 143,438 SMFG Preferred Capital GBP 2 Limited (non-cumulative step-up January 2029 — 37,215 SMFG Preferred Capital JPY 2 Limited Series A (non-cumulative step-up January 2019 — 113,000 Series B (non-cumulative July 2019 140,000 140,000 Series E (non-cumulative July 2019 33,000 33,000 SMFG Preferred Capital JPY 3 Limited Series A (non-cumulative step-up January 2020 99,000 99,000 Series B (non-cumulative January 2020 164,500 164,500 Preferred securities issued by subsidiaries ¥ 436,500 ¥ 730,153 (1) Subject to the prior approval of the Financial Services Agency of Japan (“FSA”), preferred securities are redeemable at any dividend payment date on and after a specific month in principle and the month shown in this column is such a specific month of each preferred security. Others Others represent the equity in the SMBC Group’s subsidiaries not attributable, directly or indirectly, to the SMBC Group. They were not considered individually material to the SMBC Group at March 31, 2019 and 2018. Equity attributable to other equity instruments holders Equity attributable to other equity instruments holders at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Perpetual subordinated bonds ¥ 598,703 ¥ 599,522 Total equity attributable to other equity instruments holders ¥ 598,703 ¥ 599,522 SMFG issued perpetual subordinated bonds, which are Basel III-compliant The bonds bear a fixed rate of interest until the first call date. After the first call date, they will bear floating rate of interest unless they are redeemed. SMFG may at any time and in its sole discretion, elect to cancel any interest payment. If cancelled, interest payments are non-cumulative These bonds are undated, have no final maturity date and may be redeemed at SMFG’s option, in whole, but not in part, on the first call date or any interest payment dates thereafter subject to prior confirmation of the FSA. The principal amount of the bonds may be written down upon the occurrence of certain trigger events. For example, if the Common Equity Tier 1 capital ratio falls below 5.125% (“Capital Ratio Event”), the principal amount required to fully restore the Common Equity Tier 1 capital ratio above 5.125% will be written down. The principal amount of the bonds which has been written down due to a Capital Ratio Event may be reinstated at SMFG’s option, subject to prior confirmation of the FSA that the Common Equity Tier 1 capital ratio remains at a sufficiently high level after giving effect to such reinstatement. |
Net Interest Income
Net Interest Income | 12 Months Ended |
Mar. 31, 2019 | |
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Net Interest Income | 26 NET INTEREST INCOME Net interest income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Interest income from: Deposits with banks ¥ 103,798 ¥ 78,217 ¥ 45,770 Call loans and bills bought 16,400 19,362 12,065 Reverse repurchase agreements and cash collateral on securities borrowed 38,387 40,021 29,601 Investment securities 152,915 102,295 87,348 Loans and advances 2,094,850 1,904,175 1,725,477 Total interest income 2,406,350 2,144,070 1,900,261 Interest expense from: Deposits 601,365 382,753 249,028 Call money and bills sold 14,212 8,763 5,286 Repurchase agreements and cash collateral on securities lent 120,984 61,341 20,623 Borrowings 107,233 89,196 79,835 Debt securities in issue 256,035 190,774 146,937 Others 2,046 1,142 629 Total interest expense 1,101,875 733,969 502,338 Net interest income ¥ 1,304,475 ¥ 1,410,101 ¥ 1,397,923 Interest income recorded on impaired financial assets was ¥18,886 million and ¥16,892 million for the fiscal years ended March 31, 2018 and 2017, respectively. |
Net Fee and Commission Income
Net Fee and Commission Income | 12 Months Ended |
Mar. 31, 2019 | |
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Net Fee and Commission Income | 27 NET FEE AND COMMISSION INCOME Net fee and commission income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Fee and commission income from: Loans ¥ 118,225 ¥ 120,998 ¥ 128,305 Credit card business 290,034 289,509 261,253 Guarantees 63,112 62,934 58,221 Securities-related business 142,870 147,016 146,655 Deposits 12,650 16,169 15,929 Remittances and transfers 139,625 140,621 138,029 Safe deposits 4,546 5,224 5,414 Trust fees 4,629 3,854 3,607 Investment trusts 127,762 154,419 126,590 Agency 11,417 16,577 16,753 Others 186,907 174,043 165,656 Total fee and commission income 1,101,777 1,131,364 1,066,412 Fee and commission expense from: Remittances and transfers 42,150 40,214 39,419 Guarantees 1,572 3,750 3,434 Others 134,629 134,903 138,720 Total fee and commission expense 178,351 178,867 181,573 Net fee and commission income ¥ 923,426 ¥ 952,497 ¥ 884,839 Fee and commission income can be mainly disaggregated into credit card business, securities-related business, investment trusts, remittances and transfers and loans by types of services. Fees obtained through credit card business principally arise in the Retail Business Unit. Fees obtained through securities-related business principally arise in the Wholesale Business Unit, the Retail Business Unit and the International Business Unit. Fees and commissions obtained through investment trusts principally arise in the Retail Business Unit and Head office account and others, which include the investment advisory and investment trust management businesses. Remittance and transfer fees principally arise in the Wholesale Business Unit, the Retail Business Unit and the International Business Unit. Loan transaction fees principally arise in the Wholesale Business Unit and the International Business Unit. |
Net Trading Income
Net Trading Income | 12 Months Ended |
Mar. 31, 2019 | |
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Net Trading Income | 28 NET TRADING INCOME Net trading income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Interest rate ¥ 176,352 ¥ 128,137 ¥ 79,650 Foreign exchange 92,835 87,322 51,143 Equity 46,576 48,047 39,478 Credit 3,667 5,735 13,063 Others 872 1,223 629 Total net trading income ¥ 320,302 ¥ 270,464 ¥ 183,963 Net trading income includes income and losses from trading assets and liabilities, and derivative financial instruments. |
Net Income (Loss) from Financia
Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss | 12 Months Ended |
Mar. 31, 2019 | |
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Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss | 29 NET INCOME (LOSS) FROM FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS Net income (loss) from financial assets at fair value through profit or loss for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Net income (loss) from debt instruments (1) ¥ 53,048 ¥ (1,775 ) ¥ 428 Net income from equity instruments 1,607 1,108 1,590 Total net income (loss) from financial assets at fair value through profit or loss ¥ 54,655 ¥ (667 ) ¥ 2,018 (1) Following the adoption of IFRS 9, net income (loss) from debt instruments includes all gains and losses arising mainly from financial assets which do not meet the conditions for SPPI. |
Net Investment Income
Net Investment Income | 12 Months Ended |
Mar. 31, 2019 | |
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Net Investment Income | 30 NET INVESTMENT INCOME Net investment income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Net gain from disposal of debt instruments ¥ 6,072 ¥ 4,187 ¥ 39,484 Net gain from disposal of equity instruments (1) — 281,036 142,016 Dividend income 87,850 138,874 123,827 Total net investment income ¥ 93,922 ¥ 424,097 ¥ 305,327 (1) Following the adoption of IFRS 9, net gain from disposal of equity instruments elected to be measured at FVOCI is not transferred to profit or loss. Dividend income from equity instruments at fair value through other comprehensive income which were derecognized during the fiscal year ended March 31, 2019 was ¥2,524 million. |
Other Income
Other Income | 12 Months Ended |
Mar. 31, 2019 | |
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Other Income | 31 OTHER INCOME Other income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Income from operating leases ¥ 235,044 ¥ 276,850 ¥ 250,460 Income related to disposal of assets leased 112,344 322,673 152,564 Income related to IT solution services 33,828 29,172 37,678 Gains on disposal of property, plant and equipment, and other intangible assets 541 852 937 Reversal of impairment losses of investments in associates and joint ventures 2,402 8,123 — Gains on step acquisition of subsidiaries — — 20,344 Others 121,507 118,185 111,842 Total other income ¥ 505,666 ¥ 755,855 ¥ 573,825 |
Impairment Charges on Financial
Impairment Charges on Financial Assets | 12 Months Ended |
Mar. 31, 2019 | |
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Impairment Charges on Financial Assets | 32 IMPAIRMENT CHARGES ON FINANCIAL ASSETS Impairment charges (reversals) on financial assets for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 (1) 2018 (2) 2017 (2) (In millions) Loans and advances ¥ 122,927 ¥ 126,623 ¥ 141,457 Loan commitments (9,771 ) — — Financial guarantees 6,529 — — Investment securities (3) 1 10,185 71,510 Total impairment charges on financial assets ¥ 119,686 ¥ 136,808 ¥ 212,967 (1) For the fiscal year ended March 31, 2019, impairment charges on the financial assets are determined in accordance with IFRS 9. (2) For the fiscal years ended March 31, 2018 and 2017, impairment charges on loans and advances and investment securities were determined in accordance with IAS 39, while losses for loan commitments and financial guarantee contracts were determined in accordance with IAS 37. (3) Investment securities, which were formerly available-for-sale |
General and Administrative Expe
General and Administrative Expenses | 12 Months Ended |
Mar. 31, 2019 | |
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General and Administrative Expenses | 33 GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Personnel expenses ¥ 803,821 ¥ 864,396 ¥ 833,755 Depreciation and amortization 168,564 171,043 172,496 Rent and lease expenses 112,660 117,400 115,425 Building and maintenance expenses 10,254 11,167 10,657 Supplies expenses 16,252 16,902 16,694 Communication expenses 35,030 38,171 37,250 Publicity and advertising expenses 63,669 80,464 79,570 Taxes and dues 82,792 83,976 85,967 Outsourcing expenses 100,495 96,733 96,063 Premiums for deposit insurance 35,555 37,938 38,180 Office equipment expenses 47,139 54,708 49,127 Others 239,137 240,223 216,951 Total general and administrative expenses ¥ 1,715,368 ¥ 1,813,121 ¥ 1,752,135 |
Other Expenses
Other Expenses | 12 Months Ended |
Mar. 31, 2019 | |
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Other Expenses | 34 OTHER EXPENSES Other expenses for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Cost of operating leases ¥ 120,412 ¥ 144,708 ¥ 126,320 Cost related to disposal of assets leased 101,218 310,460 140,255 Cost related to IT solution services and IT systems 96,727 92,975 92,247 Provision for interest repayment 47,293 49,879 11,439 Losses on disposal of property, plant and equipment, and other intangible assets 4,596 4,913 6,041 Impairment losses of property, plant and equipment 5,906 27,816 6,396 Impairment losses of intangible assets 66,665 35,666 74,788 Losses on sale of investments in subsidiaries and associates 2,677 28,250 — Impairment losses of investments in associates and joint ventures 50,679 19,851 14,941 Losses on step acquisition of subsidiaries 25,744 — — Others 53,740 78,247 59,332 Total other expenses ¥ 575,657 ¥ 792,765 ¥ 531,759 |
Income Tax Expense
Income Tax Expense | 12 Months Ended |
Mar. 31, 2019 | |
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Income Tax Expense | 35 INCOME TAX EXPENSE The detail of income tax expense for the fiscal years ended March 31, 2019, 2018 and 2017 was as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Current tax: Charge for period (1) ¥ 173,683 ¥ 228,342 ¥ 260,234 Deferred tax: Origination and reversal of temporary differences 17,460 66,875 12,391 Change in the write-down of deferred tax assets on the current fiscal year income tax expense (6,837 ) (63,194 ) (132,859 ) Changes in tax rates and others (2) — (2,645 ) — Total deferred tax expense (benefit) 10,623 1,036 (120,468 ) Total income tax expense ¥ 184,306 ¥ 229,378 ¥ 139,766 (1) As a result of the adoption of IFRS 9, the current income tax expense of ¥103,264 million was recognized directly in equity for the fiscal year ended March 31, 2019. (2) The amount for the fiscal year ended March 31, 2018 mainly includes the effect of change in U.S. federal income tax rate which was changed from 36% to 21% effective January 1, 2018. The following table shows the reconciliations of the effective income tax rates for the fiscal years ended March 31, 2019, 2018 and 2017. For the fiscal year ended March 31, 2019 2018 2017 (In millions, except percentages) Profit before tax ¥ 831,892 ¥ 1,118,976 ¥ 880,352 Income tax expense 184,306 229,378 139,766 Effective income tax rate 22.2 % 20.5 % 15.9 % Effective statutory tax rate in Japan (1) 30.6 % 30.9 % 30.9 % Nontaxable dividends received (4.8 %) (0.8 %) (1.0 %) Non-Japanese (3.0 %) (3.6 %) (1.9 %) Tax impact of impairment losses and reversal of impairment losses for investments in associates and joint ventures—net 1.8 % 0.3 % 0.5 % Tax impact of share of post-tax (1.5 %) (1.4 %) (1.0 %) Gains on step acquisition of subsidiaries and associates and joint ventures which were not taxable 1.0 % — (0.7 %) Effect of the change in the write-down of deferred tax assets on the current fiscal year income tax expense (2) (0.8 %) (5.7 %) (15.1 %) Tax impact of impairment losses of goodwill — 0.8 % 2.6 % Others—net (1.1 %) — 1.6 % Effective income tax rate 22.2 % 20.5 % 15.9 % (1) The effective statutory tax rate in Japan for the fiscal year ended March 31, 2019 is the aggregate of the effective corporation tax rate of 23.2%, the effective local corporation tax rate of 1.0%, the effective inhabitant tax rate of 3.8% and the effective enterprise tax rate of 2.6%, which is payable by corporate entities on taxable profits under the tax laws in Japan. The effective corporation tax rate and the effective enterprise tax rate were changed from 23.4% and 2.7%, which were applied to the fiscal years ended March 31, 2018 and 2017, respectively. (2) The effect for the fiscal year ended March 31, 2017 was primarily due to the reversal of the write-down of deferred tax assets at March 31, 2017 in accordance with the application to the Commissioner of the National Tax Agency for permission to adopt the consolidated corporate-tax |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Mar. 31, 2019 | |
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Earnings Per Share | 36 EARNINGS PER SHARE The following table shows the income and share data used in the basic and diluted earnings per share calculations for the fiscal years ended March 31, 2019, 2018 and 2017. For the fiscal year ended March 31, 2019 2018 2017 (In millions, except number of shares and Basic: Profit attributable to shareholders of the Company ¥ 541,932 ¥ 759,998 ¥ 627,870 Weighted average number of common stock in issue (in thousands of shares) 1,397,599 1,410,442 1,369,231 Basic earnings per share ¥ 387.76 ¥ 538.84 ¥ 458.56 Diluted: Profit attributable to the common shareholders of the Company ¥ 541,932 ¥ 759,998 ¥ 627,870 Impact of dilutive potential ordinary shares issued by subsidiaries (19 ) (10 ) (11 ) Net profit used to determine diluted earnings per share ¥ 541,913 ¥ 759,988 ¥ 627,859 Weighted average number of common stock in issue (in thousands of shares) 1,397,599 1,410,442 1,369,231 Adjustments for stock options (in thousands of shares) 924 1,052 1,093 Weighted average number of common stock for diluted earnings per share (in thousands of shares) 1,398,523 1,411,494 1,370,324 Diluted earnings per share ¥ 387.49 ¥ 538.43 ¥ 458.18 |
Transfers of Financial Assets
Transfers of Financial Assets | 12 Months Ended |
Mar. 31, 2019 | |
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Transfers of Financial Assets | 37 TRANSFERS OF FINANCIAL ASSETS In the normal course of business, the SMBC Group transfers financial assets mainly through repurchase agreements, securities lending transactions and securitizations. Depending on the nature of the transactions, the transfers may either result in financial assets being derecognized or continuing to be recognized on the consolidated statements of financial position. Full derecognition occurs when the SMBC Group transfers its contractual rights to receive cash flows from financial assets, or retains the contractual rights to receive the cash flows, but assumes a contractual obligation to pay the cash flows to another party, and transfers substantially all the risks and rewards of ownership, including credit risk, prepayment risk and interest rate risk. Derecognition does not occur when the SMBC Group retains substantially all the risks and rewards of ownership of the financial assets, where the contractual rights to receive cash flows from the financial assets are transferred, or the rights are retained but obligations to pay the cash flows are assumed. The following tables show the carrying amounts and fair values of transferred financial assets that did not qualify for derecognition and their associated financial liabilities at March 31, 2019 and 2018: At March 31, 2019 Repurchase Loans and advances Residential Corporate Others (1) (In millions) Carrying amount of assets ¥ 7,631,722 ¥ 1,478,989 ¥ 778,559 ¥ — Carrying amount of associated liabilities 6,530,794 1,189,055 770,434 — For those liabilities that have recourse only to the transferred assets: Fair value of assets ¥ — ¥ 1,663,279 ¥ 781,864 ¥ — Fair value of associated liabilities — 1,240,199 770,605 — Net position ¥ — ¥ 423,080 ¥ 11,259 ¥ — At March 31, 2018 Repurchase Loans and advances Residential Corporate Others (1) (In millions) Carrying amount of assets ¥ 7,730,783 ¥ 1,432,966 ¥ 857,690 ¥ 49,151 Carrying amount of associated liabilities 7,271,817 1,154,831 853,207 40,584 For those liabilities that have recourse only to the transferred assets: Fair value of assets ¥ — ¥ 1,615,329 ¥ 861,824 ¥ 48,254 Fair value of associated liabilities — 1,207,899 853,551 40,870 Net position ¥ — ¥ 407,430 ¥ 8,273 ¥ 7,384 (1) Others included loans and advances reclassified as assets held for sale and liabilities directly associated with the assets held for sale related to SMFL at March 31, 2018. SMFL became our joint venture on November 28, 2018. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” Repurchase Agreements and Securities Lending Transactions The SMBC Group lends or sells securities under agreements to repurchase them at a predetermined price on a future date. Since substantially all the risks and rewards of ownership of the securities are retained by the SMBC Group, the securities remain on the consolidated statements of financial position and their associated financial liabilities are recorded. The recourse of the counterparties to their associated financial liabilities is not limited to the underlying securities. Loans and Advances The SMBC Group transfers its loans and advances, including residential mortgages and corporate loans, mainly to bankruptcy-remote structured entities for securitizations whereby the structured entities issue debt securities to the SMBC Group for subordinated tranches and to investors for senior tranches. The investors have only recourse to the underlying financial assets due to their bankruptcy-remoteness. Since the SMBC Group retains substantially all the risks and rewards of ownership, the transferred financial assets do not qualify for derecognition. The SMBC Group therefore continues to recognize these transferred financial assets as loans and advances, and recognizes their associated financial liabilities arising from issuing debt securities to investors on the consolidated statements of financial position. |
Assets Pledged and Received as
Assets Pledged and Received as Collateral | 12 Months Ended |
Mar. 31, 2019 | |
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Assets Pledged and Received as Collateral | 38 ASSETS PLEDGED AND RECEIVED AS COLLATERAL Assets Pledged The carrying amounts of assets pledged as collateral at March 31, 2019 and 2018 were as follows: At March 31, 2019 2018 (In millions) Cash and deposits with banks (1) ¥ 48,937 ¥ 32,010 Trading assets 2,111,979 2,423,002 Financial assets at fair value through profit or loss 1,208,409 1,518,748 Debt instruments at amortized cost 280,246 — Debt instruments at fair value through other comprehensive income 9,140,006 — Equity instruments at fair value through other comprehensive income 184,417 — Held-to-maturity — 365,450 Available-for-sale — 10,648,468 Loans and advances (1) 10,118,591 11,019,253 Other assets (1) 1,738,945 1,825,987 Total ¥ 24,831,530 ¥ 27,832,918 (1) At March 31, 2018, cash and deposits with banks, loans and advances, and other assets include those of SMFL, which were classified as assets held for sale. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” The SMBC Group pledges assets as collateral to secure payables under repurchase agreements, securities lending transactions and securitizations, borrowings or for cash settlements, margins on derivative transactions and certain other purposes. These transactions are conducted under terms that are usual and customary to standard contracts. Loaned securities for which the borrowers have the right to sell or repledge were ¥7,649,435 million and ¥7,731,243 million at March 31, 2019 and 2018, respectively. For the reserve funds with the Bank of Japan and other reserve deposits for foreign offices maintained by the SMBC Group, refer to Note 5 “Cash and Deposits with Banks.” Assets Received as Collateral Under certain transactions, including reverse repurchase agreements, securities borrowing, and discounting of bills, the SMBC Group is permitted to resell or repledge the collateral held in the absence of default by the owner of the collateral. These transactions are conducted under terms that are usual and customary for standard contracts. The fair values of securities and bills accepted as collateral were ¥13,461,458 million and ¥12,218,264 million at March 31, 2019 and 2018, respectively. As to the securities received in the reverse repurchase agreements and securities borrowing transactions, the SMBC Group has the obligation to return equivalent securities upon completion of the transactions. The fair value of securities sold or repledged to others was ¥9,166,534 million and ¥8,839,133 million at March 31, 2019 and 2018, respectively. |
Share-based Payment
Share-based Payment | 12 Months Ended |
Mar. 31, 2019 | |
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Share-based Payment | 39 SHARE-BASED PAYMENT Stock Option Plans SMFG had introduced compensation-type stock options to directors, corporate auditors, and executive officers of SMFG and SMBC (“SMFG Stock Acquisition Rights”), which served as an incentive for them to further contribute to the equity appreciation and achieve better corporate performance through sharing the benefits and risks of the share price performance with the shareholders. The following table provides an overview of the significant terms and conditions of the stock option plan. Title of grantees Exercise period Requisite service period Method of settlement SMFG Stock Acquisition Rights Directors, corporate auditors and executive officers of SMFG and SMBC Not exceeding 30 years from the date of allocation of stock acquisition rights (1) One year from the date of the ordinary general meeting of shareholders of SMFG to the closing of the next ordinary general meeting of shareholders of SMFG Common stock of SMFG (1) A stock acquisition rights holder can exercise the rights from the day they are relieved of their positions either as a director, a corporate auditor or an executive officer (“Start of Exercise Date”) to 20 years from the Start of Exercise Date. The number and the weighted average exercise prices of stock options for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended March 31, 2019 2018 Number of (1) Weighted Number of (1) Weighted Outstanding at beginning of period 1,003,000 ¥ 1 1,180,000 ¥ 1 Exercised (103,600 ) 1 (174,700 ) 1 Forfeited or expired — — (2,300 ) 1 Outstanding at end of period 899,400 ¥ 1 1,003,000 ¥ 1 Exercisable at end of period 498,600 ¥ 1 463,100 ¥ 1 (1) Number of options is the number of SMFG’s common stock granted by the exercise of stock options. In June 2017, SMFG and SMBC resolved to discontinue the issuance of new stock options. Thereafter, SMFG has not issued any new stock options. The weighted average stock price at the date of exercise was ¥4,391 and ¥4,245 for the fiscal years ended March 31, 2019 and 2018, respectively. Summarized information about stock options outstanding at March 31, 2019 and 2018 was as follows: At March 31, 2019 2018 Exercise Number of Remaining Number of Remaining SMFG Stock Acquisition Rights ¥ 1 899,400 24.3 1,003,000 25.3 The amounts of stock options recognized as expenses were measured based on the fair value of stock options granted, which was ¥135 million for the fiscal years ended March 31, 2018 and included in “General and administrative expenses” in the consolidated income statements. Compensation Plans Utilizing Restricted Stock In July 2017, the SMFG compensation committee resolved to revise the executive compensation policy and to introduce new stock compensation plans that utilize restricted stock. The plans consist of Stock Compensation Plan I (“Plan I”), which determines remuneration primarily based on the medium-term performance, Stock Compensation Plan II (“Plan II”), which determines remuneration primarily based on the annual performance and Stock Compensation Plan III (“Plan III”), which determines remuneration primarily based on corporate title. Plan I (medium-term performance share plan) has an evaluation period of three years starting from the fiscal year ended March 31, 2018, corresponding with the medium-term management plan. Executives are initially allotted shares of restricted stock equivalent to the monetary amount determined based on the executive’s corporate title. After the completion of the evaluation period, the compensation committee will review the progress of the medium-term management plan, performance of SMFG’s common stock, and results of customer satisfaction surveys and other factors, to determine the final amount to be released from transfer restrictions. In case the final amount falls below the initial amount, SMFG will retrieve all or part of the allotted shares at no cost. Under Plan II (annual performance share plan), executives are allotted shares of restricted stock equivalent to a certain portion of the monetary amount determined based on the annual performance of SMFG and SMBC, as well as on the individual performance of the executives reviewed both from short-term and medium-to-long-term Under Plan III (promotion reward plan), executives are allotted shares of restricted stock equivalent to pre-determined The eligible executives for the plans are directors (excluding outside directors), corporate executive officers and executive officers of SMFG, directors (excluding outside directors) and executive officers, etc. of SMBC and representative corporate executive officers of certain of our subsidiaries. As part of the new policy, SMFG and SMBC introduced provisions for forfeiture and claw-back of vested stock under the plans in order to restrain excessive risk-taking and foster a prudent risk culture expected of a financial institution. The number of restricted shares and the fair value of restricted shares at the measurement date for the fiscal year ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 Outstanding at beginning of period 387,765 — Allotted 326,330 387,765 Released (11,892 ) — Forfeited — — Outstanding at end of period 702,203 387,765 Fair value at measurement date ¥ 4,287 ¥ 4,372 The fair value of restricted shares is based on the market price of SMFG common stock. If any granted conditions exist, the terms and conditions upon which the shares were granted, are taken into account when estimating both the number of shares expected to vest and the fair value of the shares granted. The amount of restricted shares recognized as expenses was measured based on the fair value of the restricted shares granted, which were ¥1,240 million and ¥803 million for the fiscal year ended March 31, 2019 and 2018, respectively, and included in “General and administrative expenses” in the consolidated income statements. |
Dividends Per Share
Dividends Per Share | 12 Months Ended |
Mar. 31, 2019 | |
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Dividends Per Share | 40 DIVIDENDS PER SHARE The dividends recognized by the SMBC Group for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: Dividends per share Aggregate amount (In yen) (In millions) For the fiscal year ended March 31, 2019: Common stock ¥ 175 ¥ 245,577 For the fiscal year ended March 31, 2018: Common stock ¥ 155 ¥ 218,596 For the fiscal year ended March 31, 2017: Common stock ¥ 150 ¥ 205,083 The Company proposed to the shareholders the distribution of a dividend of ¥95 per share of common stock totaling ¥132,582 million in respect of the fiscal year ended March 31, 2019. The dividend is subject to the approval at the general meeting of shareholders on June 27, 2019. The consolidated financial statements for the fiscal year ended March 31, 2019 do not include this dividend. |
Contingency and Capital Commitm
Contingency and Capital Commitments | 12 Months Ended |
Mar. 31, 2019 | |
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Contingency and Capital Commitments | 41 CONTINGENCY AND CAPITAL COMMITMENTS Legal Proceedings The SMBC Group is engaged in various legal proceedings in Japan and a number of overseas jurisdictions, involving claims by and against it, which arise in the normal course of business. The SMBC Group does not expect that the outcome of these proceedings will have a significant adverse effect on the consolidated financial statements of the SMBC Group. The SMBC Group has recorded adequate provisions with respect to litigation arising out of normal business operations. The SMBC Group has not disclosed any contingent liability associated with these legal actions because it cannot reliably be estimated. Capital Commitments At March 31, 2019 and 2018, the SMBC Group had ¥62,027 million and ¥2,626 million, respectively, of contractual commitments to acquire property, plant and equipment. In addition, the SMBC Group had nil and ¥383 million of contractual commitments to acquire intangible assets, such as software at March 31, 2019 and 2018, respectively. The SMBC Group’s management is confident that future net revenues and funding will be sufficient to cover these commitments. Loan Commitments and Financial Guarantees and Other Credit-related Contingent Liabilities Loan commitment contracts on overdrafts and loans are agreements to lend up to a prescribed amount to customers, as long as there is no violation of any condition established in the contracts. However, since many of these loan commitments are expected to expire without being drawn down, the total amount of unused commitments does not necessarily represent an actual future cash flow requirement. Many of these loan commitments include clauses under which the SMBC Group can reject an application from customers or reduce the contract amounts in cases where economic conditions change, the SMBC Group needs to secure claims, or some other significant event occurs. Financial guarantees are contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of the debt instrument. Other credit-related contingent liabilities include performance bonds, which are contracts that provide compensation if another party fails to perform the contractual obligation. The table below shows the nominal amounts of undrawn loan commitments, and financial guarantees and other credit-related contingent liabilities at March 31, 2019 and 2018. At March 31, 2019 2018 (In millions) Loan commitments ¥ 62,724,820 ¥ 60,107,128 Financial guarantees and other credit-related contingent liabilities 9,409,066 8,426,245 Total ¥ 72,133,886 ¥ 68,533,373 |
Analysis of Financial Assets an
Analysis of Financial Assets and Liabilities by Measurement Basis | 12 Months Ended |
Mar. 31, 2019 | |
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Analysis of Financial Assets and Liabilities by Measurement Basis | 42 ANALYSIS OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT BASIS On April 1, 2018, the SMBC Group adopted IFRS 9, which is the comprehensive standard to replace IAS 39. After initial recognition, financial assets and liabilities are measured either at fair value or amortized cost, within the measurement categories as defined in IFRS 9. The summary of significant accounting policies in Note 2 describes how these categories of financial assets and liabilities are measured, and how income and expenses are recognized either in profit or loss, or in other comprehensive income. The following tables present the carrying amounts of the financial assets and liabilities, by category and by line item, of the consolidated statements of financial position. At March 31, 2019 Financial assets and Financial assets and Debt instruments at Equity instruments at Total (In millions) Financial assets: Cash and deposits with banks ¥ — ¥ 57,763,441 ¥ — ¥ — ¥ 57,763,441 Call loans and bills bought — 2,465,745 — — 2,465,745 Reverse repurchase agreements and cash collateral on securities borrowed — 10,345,994 — — 10,345,994 Trading assets 2,767,691 — — — 2,767,691 Derivative financial instruments 3,382,574 — — — 3,382,574 Financial assets at fair value through profit or loss 2,641,416 — — — 2,641,416 Investment securities — 318,914 13,333,221 4,172,892 17,825,027 Loans and advances — 90,682,938 — — 90,682,938 Other financial assets (1) — 3,609,129 — — 3,609,129 Total ¥ 8,791,681 ¥ 165,186,161 ¥ 13,333,221 ¥ 4,172,892 ¥ 191,483,955 Financial liabilities: Deposits (2) ¥ 666 ¥ 134,403,986 ¥ — ¥ — ¥ 134,404,652 Call money and bills sold — 1,307,779 — — 1,307,779 Repurchase agreements and cash collateral on securities lent — 12,887,249 — — 12,887,249 Trading liabilities 1,998,694 — — — 1,998,694 Derivative financial instruments 3,051,773 — — — 3,051,773 Borrowings (2) 1,716 12,166,142 — — 12,167,858 Debt securities in issue (2) (4,676 ) 11,175,885 — — 11,171,209 Other financial liabilities (1) — 5,596,513 — — 5,596,513 Total ¥ 5,048,173 ¥ 177,537,554 ¥ — ¥ — ¥ 182,585,727 At March 31, 2018 Financial Held-to-maturity Loans and Available-for-sale Financial Total (In millions) Financial assets: Cash and deposits with banks (3) ¥ 4,773 ¥ — ¥ 54,691,296 ¥ — ¥ — ¥ 54,696,069 Call loans and bills — — 1,881,880 — — 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed — — 8,491,703 — — 8,491,703 Trading assets 3,169,123 — — — — 3,169,123 Derivative financial instruments 3,885,271 — — — — 3,885,271 Financial assets at fair value through profit or loss 1,547,672 — — — — 1,547,672 Investment securities (3) 2,588 372,459 — 20,120,028 — 20,495,075 Loans and advances (3) 3,169 — 85,125,901 — — 85,129,070 Other financial assets (1) — — 3,598,642 — — 3,598,642 Financial assets included in assets held for sale 1,693 — 3,098,196 108,882 — 3,208,771 Total ¥ 8,614,289 ¥ 372,459 ¥ 156,887,618 ¥ 20,228,910 ¥ — ¥ 186,103,276 Financial liabilities: Deposits (3) ¥ 13,929 ¥ — ¥ — ¥ — ¥ 128,447,598 ¥ 128,461,527 Call money and bills sold — — — — 1,190,929 1,190,929 Repurchase agreements and cash collateral on securities lent — — — — 12,022,593 12,022,593 Trading liabilities 2,143,899 — — — — 2,143,899 Derivative financial instruments 3,498,016 — — — — 3,498,016 Borrowings (3) 1,198 — — — 10,651,283 10,652,481 Debt securities in (3) (7,635 ) — — — 10,576,752 10,569,117 Other financial liabilities (1) — — — — 6,691,042 6,691,042 Financial liabilities included in liabilities directly associated with the assets held for sale 5,971 — — — 3,371,556 3,377,527 Total ¥ 5,655,378 ¥ — ¥ — ¥ — ¥ 172,951,753 ¥ 178,607,131 (1) Other financial assets and liabilities comprise of those included in other assets and liabilities, which meet the definition of a financial asset and liability. (2) Embedded derivatives, which are separately accounted for, but presented together with the host contract in the consolidated statements of financial position under IFRS 9, are disclosed in this table within the category of “Financial assets and liabilities at fair value through profit or loss.” Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in this table as liabilities to be consistent with the line of the host contract. (3) Embedded derivatives, which were separately accounted for, but presented together with the host contract in the consolidated statements of financial position under IAS 39, are disclosed in this table within the category of “Financial assets and liabilities at fair value through profit or loss.” Although the separated embedded derivatives had a positive or a negative fair value, they have been presented in this table as assets or liabilities to be consistent with the line of the host contract. |
Fair Value of Financial Assets
Fair Value of Financial Assets and Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Fair Value of Financial Assets and Liabilities | 43 FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair values stated below represent the best estimates based on a range of methods and assumptions. In determining the fair value of financial assets and liabilities, the SMBC Group gives the highest priority to a quoted market price in an active market. If such prices are not available, it establishes fair value using valuation techniques. The valuation techniques, if used, make maximum use of observable inputs, and rely as little as possible on unobservable inputs. Financial Assets and Liabilities Carried at Fair Value Valuation Process The SMBC Group undertakes a valuation process based on its valuation control framework, which governs internal control standards, methodologies and procedures to ensure that the fair values are determined or validated independently of the front office. The SMBC Group uses valuation techniques commonly used by market participants to price the financial instruments and they have been demonstrated to provide reliable estimates of prices obtained in actual market transactions. The valuation techniques include the DCF method, option pricing models and reference to the current fair value of another instrument that is substantially the same. Key adjustments, such as liquidity risk and credit risk adjustments are also taken into account to derive fair values. Where valuation techniques are used to determine fair values, they are validated and reviewed. In principal subsidiaries, their risk management departments, which are independent from the business units, review significant valuation methodologies at least once a year, and recalibrate model parameters and inputs by comparing fair values derived from the valuation techniques to the external market data such as broker quotes. Where the data obtained from third-party sources such as brokers and pricing service providers are utilized in determining fair values, those departments also examine those data, taking into account the consistency among the different sources, the aging of the data and other factors. In addition, accounting departments in those principal subsidiaries are responsible for ensuring that the accounting policies and procedures to determine fair values are in compliance with relevant accounting standards. Fair Value Hierarchy Financial assets and liabilities measured at fair value are classified into one of three levels within a fair value hierarchy based on the inputs used in the fair value measurement. The three levels of the fair value hierarchy are as follows: • quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date (Level 1); • inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (Level 2); and • significant unobservable inputs for the asset or liability (Level 3). The following tables present the carrying amounts of financial assets and liabilities carried at fair value based on the three levels of the fair value hierarchy at March 31, 2019 and 2018. At March 31, 2019 Level 1 (1) Level 2 (1) Level 3 Total (In millions) Financial assets: Trading assets: Debt instruments ¥ 2,091,355 ¥ 389,548 ¥ — ¥ 2,480,903 Equity instruments 281,030 5,758 — 286,788 Total trading assets 2,372,385 395,306 — 2,767,691 Derivative financial instruments: Interest rate derivatives 68,942 1,939,591 212 2,008,745 Currency derivatives 22 1,286,614 274 1,286,910 Equity derivatives 33,802 25,579 4,236 63,617 Commodity derivatives 445 7,072 — 7,517 Credit derivatives — 10,236 5,549 15,785 Total derivative financial instruments 103,211 3,269,092 10,271 3,382,574 Financial assets at fair value through profit or loss: Debt instruments (2) 223,832 1,834,718 562,136 2,620,686 Equity instruments 1,810 209 18,711 20,730 Total financial assets at fair value through profit or loss 225,642 1,834,927 580,847 2,641,416 Investment securities at fair value through other comprehensive income: Japanese government bonds 5,027,695 — — 5,027,695 U.S. Treasury and other U.S. government agency bonds 4,426,635 — — 4,426,635 Other debt instruments 646,806 3,232,085 — 3,878,891 Total debt instruments 10,101,136 3,232,085 — 13,333,221 Equity instruments 3,749,430 11,115 412,347 4,172,892 Total investment securities at fair value through other comprehensive income 13,850,566 3,243,200 412,347 17,506,113 Total ¥ 16,551,804 ¥ 8,742,525 ¥ 1,003,465 ¥ 26,297,794 Financial liabilities: Trading liabilities: Debt instruments ¥ 1,777,666 ¥ 58,194 ¥ — ¥ 1,835,860 Equity instruments 66,896 95,938 — 162,834 Total trading liabilities 1,844,562 154,132 — 1,998,694 Derivative financial instruments: Interest rate derivatives 49,170 1,775,883 — 1,825,053 Currency derivatives — 1,112,769 9 1,112,778 Equity derivatives 59,166 37,004 — 96,170 Commodity derivatives 415 5,433 — 5,848 Credit derivatives — 11,370 554 11,924 Total derivative financial instruments 108,751 2,942,459 563 3,051,773 Others (3) — (1,859 ) (435 ) (2,294 ) Total ¥ 1,953,313 ¥ 3,094,732 ¥ 128 ¥ 5,048,173 At March 31, 2018 Level 1 (1) Level 2 (1) Level 3 Total (In millions) Financial assets: Trading assets: Debt instruments ¥ 2,424,460 ¥ 416,688 ¥ — ¥ 2,841,148 Equity instruments 307,942 20,033 — 327,975 Total trading assets 2,732,402 436,721 — 3,169,123 Derivative financial instruments: Interest rate derivatives (4) 38,760 2,033,894 — 2,072,654 Currency derivatives (4) — 1,724,387 14 1,724,401 Equity derivatives 48,154 21,310 1,880 71,344 Commodity derivatives 402 6,114 — 6,516 Credit derivatives — 7,382 4,667 12,049 Total derivative financial instruments 87,316 3,793,087 6,561 3,886,964 Financial assets at fair value through profit or loss: Debt instruments — 1,518,778 10,143 1,528,921 Equity instruments 541 153 18,057 18,751 Total financial assets at fair value through profit or loss 541 1,518,931 28,200 1,547,672 Available-for-sale Japanese government bonds 7,685,303 — — 7,685,303 U.S. Treasury and other U.S. government agency bonds 3,246,646 — — 3,246,646 Other debt instruments 700,500 2,650,103 154 3,350,757 Equity instruments (4) 4,307,274 797,166 844,352 5,948,792 Total available-for-sale 15,939,723 3,447,269 844,506 20,231,498 Others (5) — 7,942 — 7,942 Total ¥ 18,759,982 ¥ 9,203,950 ¥ 879,267 ¥ 28,843,199 Financial liabilities: Trading liabilities: Debt instruments ¥ 1,948,602 ¥ 60,109 ¥ — ¥ 2,008,711 Equity instruments 33,174 102,014 — 135,188 Total trading liabilities 1,981,776 162,123 — 2,143,899 Derivative financial instruments: Interest rate derivatives (4) 30,760 1,947,673 — 1,978,433 Currency derivatives (4) 19 1,406,759 14 1,406,792 Equity derivatives 78,088 27,261 — 105,349 Commodity derivatives 464 4,484 — 4,948 Credit derivatives — 8,043 422 8,465 Total derivative financial instruments 109,331 3,394,220 436 3,503,987 Others (5) — 6,659 833 7,492 Total ¥ 2,091,107 ¥ 3,563,002 ¥ 1,269 ¥ 5,655,378 (1) Transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the period. There were no significant transfers between Level 1 and Level 2 for the fiscal years ended March 31, 2019 and 2018. (2) Since the adoption of IFRS 9, certain loans and advances, which were not carried at fair value and presented as “Loans and advances” in the consolidated statements of financial position under IAS 39 at March 31, 2018, are carried at fair value and presented as “Financial assets at fair value through profit or loss—Debt instruments.” (3) At March 31, 2019, derivatives embedded in financial liabilities are separately accounted for, but presented together with the host contract in the consolidated statement of financial position. In this table, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in this table as liabilities to be consistent with the host contract. The separated embedded derivatives are measured at fair value using the valuation techniques described in “Derivative financial instruments” below. (4) Interest rate derivatives and currency derivatives presented as derivative financial instruments (financial assets) include those at SMFL, which are reclassified as assets held for sale in the consolidated statement of financial position, of ¥533 million and ¥1,160 million, respectively. These derivative financial instruments are categorized within Level 2. Equity instruments which are presented as available-for-sale (5) At March 31, 2018, derivatives embedded in financial assets or liabilities are separately accounted for, but presented together with the host contract in the consolidated statement of financial position. In this table, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others, while the remaining are presented within the same category as the host contract. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in this table as assets or liabilities to be consistent with the host contract. The separated embedded derivatives are measured at fair value using the valuation techniques described in “Derivative financial instruments” below. The following tables present reconciliations from the beginning to the ending balances for financial assets and liabilities carried at fair value and categorized within Level 3 of the fair value hierarchy for the fiscal years ended March 31, 2019 and 2018. At April 1, (1) Total gains (losses) Purchases (2) Sales (2) Settlement (3) Transfers into (4) Transfers out of (4) At March 31, Changes in Included in Included in (In millions) Derivative financial instruments—net: Interest rate derivatives—net ¥ — ¥ 145 ¥ — ¥ 72 ¥ (5 ) ¥ — ¥ — ¥ — ¥ 212 ¥ 212 Currency derivatives—net — 70 — 195 — — — — 265 70 Equity derivatives—net 1,880 5,165 — 927 (3,736 ) — — — 4,236 3,071 Credit derivatives—net 4,245 5,640 142 — — (5,032 ) — — 4,995 5,660 Total derivative financial instruments—net 6,125 11,020 142 1,194 (3,741 ) (5,032 ) — — 9,708 9,013 Financial assets at fair value through profit or loss (5) Debt instruments 536,357 (193 ) 24 256,214 (123,589 ) (106,677 ) — — 562,136 819 Equity instruments 16,981 (1,734 ) — 5,519 (709 ) (672 ) 74 (748 ) 18,711 (2,037 ) Total financial assets at fair value through 553,338 (1,927 ) 24 261,733 (124,298 ) (107,349 ) 74 (748 ) 580,847 (1,218 ) Investment securities at fair value through other comprehensive income: Debt instruments 154 — — — — — — (154 ) — — Equity instruments 479,975 — (43,355 ) 7,569 (8,804 ) (21,088 ) — (1,950 ) 412,347 — Total investment securities at fair value through other comprehensive income 480,129 — (43,355 ) 7,569 (8,804 ) (21,088 ) — (2,104 ) 412,347 — Others (6) (833 ) 1,226 — — — — 42 — 435 1,159 Total ¥ 1,038,759 ¥ 10,319 ¥ (43,189 ) ¥ 270,496 ¥ (136,843 ) ¥ (133,469 ) ¥ 116 ¥ (2,852 ) ¥ 1,003,337 ¥ 8,954 At April 1, Total gains (losses) Sales Settlement (7) Transfers into (4) Transfers out of Level 3 (4) At March 31, Changes in Included in Included in (In millions) Derivative financial instruments—net: Interest rate derivatives—net ¥ 2 ¥ (45 ) ¥ — ¥ 43 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — Currency derivatives—net 1 (1 ) — — — — — — — (1 ) Equity derivatives—net 1,327 1,106 — 474 (1,027 ) — — — 1,880 1,499 Credit derivatives—net 2,731 8,103 (158 ) — — (6,456 ) 25 — 4,245 8,103 Total derivative financial instruments—net 4,061 9,163 (158 ) 517 (1,027 ) (6,456 ) 25 — 6,125 9,601 Financial assets at fair value through Debt instruments 12,053 (1,731 ) — — — (149 ) — (30 ) 10,143 (1,731 ) Equity instruments 14,286 378 — 4,915 (648 ) (102 ) — (772 ) 18,057 109 Total financial assets at fair value through profit or loss 26,339 (1,353 ) — 4,915 (648 ) (251 ) — (802 ) 28,200 (1,622 ) Available-for-sale (5) Debt instruments 526 1,600 (13 ) — (1,613 ) (346 ) — — 154 (13 ) Equity instruments (8) 836,252 (3,612 ) 46,367 68,241 (8,480 ) (73,897 ) 624 (21,143 ) 844,352 (6,380 ) Total available-for-sale 836,778 (2,012 ) 46,354 68,241 (10,093 ) (74,243 ) 624 (21,143 ) 844,506 (6,393 ) Others (6) 303 (812 ) — — — — (324 ) — (833 ) (856 ) Total ¥ 867,481 ¥ 4,986 ¥ 46,196 ¥ 73,673 ¥ (11,768 ) ¥ (80,950 ) ¥ 325 ¥ (21,945 ) ¥ 877,998 ¥ 730 (1) Changes arising from reclassification and any associated remeasurement have been made to reflect the adoption of IFRS 9. (2) Purchases and sales of debt instruments at fair value through profit or loss mainly include those of loans and advances which are held within a business model whose objective is not to hold those assets to collect contractual cash flows, but to hold those assets for sale. (3) For the fiscal year ended March 31, 2019, settlements for equity instruments include redemption of preferred stocks, receipt of cash distributions which represent a return of equity instruments. Settlements also include reclassification from debt instruments at fair value through profit or loss and equity instruments at fair value through other comprehensive income to investments in joint ventures as a result of applying the equity method for SMFL. (4) Transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the period. For the fiscal years ended March 31, 2019 and 2018, transfers out of Level 3 amounted to ¥2,852 million and ¥21,945 million, respectively. These transfers out of Level 3 are primarily due to an increase in observability of certain private equity investments. (5) Financial assets which do not meet the conditions for SPPI, such as investment funds, classified as available-for-sale (6) Embedded derivatives are separately accounted for, but presented together with the host contract in the consolidated statements of financial position. In these tables, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in these tables as liabilities to be consistent with the host contract. (7) For the fiscal year ended March 31, 2018, settlements for equity instruments include redemption of preferred stocks, receipt of cash distributions which represent a return of investment, and reclassification from available-for-sale (8) Equity instruments which are presented as available-for-sale The following table presents total gains or losses included in profit or loss for the Level 3 financial assets and liabilities, and changes in unrealized gains or losses included in profit or loss related to those financial assets and liabilities held at March 31, 2019 and 2018 by line item of the consolidated income statements. Total gains (losses) Changes in to assets 2019 2018 2019 2018 (In millions) Net interest income ¥ 2,357 ¥ 1,273 ¥ 2,113 ¥ 762 Net trading income 9,889 7,064 8,059 7,970 Net income (loss) from financial assets at fair value through profit or loss (1,927 ) (1,353 ) (1,218 ) (1,622 ) Net investment income — 4,399 — — Impairment charges on financial assets (1) — (6,397 ) — (6,380 ) Total ¥ 10,319 ¥ 4,986 ¥ 8,954 ¥ 730 (1) Impairment charges on debt instruments categorized within Level 3 are nil for the fiscal year ended March 31, 2019. Equity instruments classified as available-for-sale The aggregate deferred day one profit yet to be recognized in profit or loss at the beginning and end of the fiscal year ended March 31, 2019 and reconciliation of changes in the balances were as follows: For the fiscal year ended (In millions) Balance at beginning of period (1) ¥ 7,408 Increase due to new trades 2,054 Reduction due to redemption, sales or passage of time (4,177 ) Balance at end of period ¥ 5,285 (1) Deferred day one profit or loss is disclosed for the fiscal year ended March 31, 2019, reflecting the adoption of IFRS 9. The SMBC Group did not have any significant deferred day one profit and loss for the fiscal year ended at March 31, 2018. The SMBC Group has entered into transactions where the fair value is determined using valuation techniques for which not all inputs are observable in the market. The difference between the transaction price and the fair value that would be determined at initial recognition using a valuation technique is referred to as “day one profit and loss,” which is not recognized immediately in the consolidated income statement. The table above shows the day one profit or loss balances, all of which are derived from financial assets at fair value through profit or loss. The release to profit or loss results from the realization due to redemption or sales, and the amortization of the deferred day one profit or loss with the passage of time over the life of the instruments. Valuation Techniques Financial instruments which are classified as trading assets and liabilities, derivative financial instruments, financial assets at fair value through profit or loss, and investment securities at fair value through other comprehensive income are measured at fair value in the consolidated statements of financial position. These instruments are measured at fair value using a quoted market price, if they are traded in an active market, or, for others, using the fair value measurement techniques as discussed below. Trading assets and trading liabilities Debt and equity instruments traded in an active market are measured at fair value using a quoted market price in such a market and they are categorized within Level 1. If a quoted market price is not available, they are measured by using a price quoted by a third party, such as a pricing service or broker, or by reference to the current fair value of another instrument that is substantially the same, based on inputs such as prices obtained from brokers, observable interest rates and spreads. These financial instruments are categorized within Level 2. Debt instruments measured at fair value using the DCF method, where primary inputs are observable interest rates and credit spreads, inferred from the prevailing market rates, are also categorized within Level 2. Derivative financial instruments (including embedded derivatives) Listed derivatives (including interest rates, bonds, currencies, stocks and commodities) are measured at fair value using the settlement price announced by the major exchange on which transactions are traded because the settlement price in the exchange reflects the most current transaction price, and is readily and regularly available from the exchange. Listed derivatives are categorized within Level 1. OTC derivatives (non-exchange-traded The credit loss protection scheme which the SMBC Group offers to Goldman Sachs (“GS”) is considered to be a credit derivative, where the underlying reference entities are the American and European corporate entities covered in the commitment line portfolio of the GS group. The fair value of this derivative is determined using an ordinary collateralized debt obligation (“CDO”) pricing model, commonly used in the financial markets. The SMBC Group takes some portions of the positions in subordinated and mezzanine tranches, which covers the first and second credit losses from the portfolio. The major inputs for this derivative are credit default swap (“CDS”) spread rates, correlation ratios of CDS indices for similar portfolios, and the expected additional commitment withdrawal ratio. Although CDS spread rates and correlation ratios are observable in an active market or available from brokers, this whole scheme is categorized within Level 3 as the expected additional withdrawal ratio, which is considered to be a significant input, is not observable in the market. In addition, the fair value of OTC derivatives incorporates both counterparty credit risk in relation to OTC derivative assets and own credit risk in relation to OTC derivative liabilities. The SMBC Group calculates the credit risk adjustments by applying the probability of default that reflects the counterparty’s or its own credit risk to the OTC derivative exposures and multiplying the result by the loss expected in the event of default. For the probability of default, the SMBC Group uses observable market data, where possible. The OTC derivative exposures used are determined taking into consideration the effect of master netting agreements and collateral. As the SMBC Group manages the OTC derivatives on the basis of its net credit risk exposure, the credit risk adjustments of those OTC derivatives are measured on a portfolio basis in accordance with the exception set forth in IFRS 13. Financial assets at fair value through profit or loss Non-trading Publicly traded investment trusts and funds are measured at fair value using the market price and are categorized within Level 1 if they are traded in an active market. Instruments whose prices are not available in the market, such as privately offered investment trusts, are measured at fair value based on the unit price, which is usually regarded as an exit price, obtained from the fund administrator or investment management firm. In such a case, these investment trusts and funds are categorized within Level 2. Other investment funds included in financial assets at fair value through profit or loss, such as private equity funds and real estate investment funds, are generally measured at fair value based on net asset value, which includes significant unobservable inputs. These funds are categorized within Level 3. Certain loans and advances are measured at fair value using discounted cash flow models taking into account certain factors including counterparties’ credit ratings, pledged collateral and market interest rates, which include significant unobservable inputs, and are categorized within Level 3. Some equity and debt instruments in this category are hybrid instruments which have both equity and debt features. These include preferred stocks which are measured at fair value using the Monte Carlo Simulation valuation model, if they are indexed to the market prices in a stock exchange. The valuation model uses the historical volatility of the listed stocks as an input, which are not observable in the market, resulting in these instruments being categorized within Level 3. Other types of preferred stocks and other non-hybrid Since the adoption of IFRS 9, the classification and measurement of some financial instruments have changed. The investment trusts and funds mentioned above, which were previously classified as available-for-sale Investment securities at fair value through other comprehensive income Debt instruments are measured at fair value using a quoted market price and categorized within Level 1 if they are traded in an active market. Debt instruments are categorized within Level 2 if they are measured at fair value using a price quoted by a third party, such as a pricing service or broker, or by reference to the current fair value of another bond that is substantially the same based on inputs such as prices obtained from brokers, observable interest rates and spreads. As for equity instruments, listed stocks are measured at fair value based on the market price at a stock exchange and categorized within Level 1 if they are traded in an active market. Unlisted common and preferred stocks in this category are measured at fair value based on the market approach using market multiples or others in which significant unobservable inputs are used. These instruments are categorized within Level 3. Since the adoption of IFRS 9, the classification and measurement of some financial instruments have changed. Debt instruments and equity instruments described in the section “Investment securities at fair value through other comprehensive income,” were previously mentioned in the section “available-for-sale Significant Unobservable Inputs The following tables present quantitative information about significant unobservable inputs used in fair value measurement for Level 3 financial assets and liabilities at March 31, 2019 and 2018. At March 31, 2019 Fair value Valuation technique(s) (1) Significant unobservable inputs (1) Range of inputs (1) (In millions) Financial assets: Derivative financial instruments: Interest rate derivatives ¥ 212 Option model Interest rate to interest rate correlation 53%-100% Currency derivatives 274 Option model Foreign exchange volatility 8%-14% Interest rate to interest rate correlation 69%-83% Equity derivatives 4,236 Option model Equity volatility 22%-81% Equity to equity correlation 45%-94% Quanto correlation (28)%-42% Credit derivatives 5,549 CDO pricing model Additional withdrawal ratio 47% Credit Default model Quanto correlation 15%-90% Financial assets at fair value through profit or loss: Debt instruments 562,136 Monte Carlo Simulation Equity volatility 10%-42% DCF model Probability of default rate 0%-41% Loss given default rate 20%-100% Net asset value (3) — — Equity instruments 18,711 Market multiples Price/Earnings multiple 7.5x-13.4x EV/EBITDA multiple 4.8x Liquidity discount 0%-20% See note (2) below — — Investment securities at fair value through other comprehensive income: Equity instruments 412,347 Market multiples Price/Book value multiple 0.2x-2.3x Price/Earnings multiple 7.9x-31.3x EV/EBITDA multiple 6.3x-14.4x Liquidity discount 20% See note (2) below — — Financial liabilities: Derivative financial instruments: Currency derivatives ¥ 9 Option model Foreign exchange volatility 9%-14% Credit derivatives 554 Credit Default model Quanto correlation 20%-30% Others (4) (435 ) Option model Equity volatility 29%-44% Equity to equity correlation 45%-94% Interest rate to interest rate correlation 22%-100% Quanto correlation (28)%-59% Credit Default model Quanto correlation 15%-90% At March 31, 2018 Fair value Valuation technique(s) (1) Significant unobservable inputs (1) Range of inputs (1) (In millions) Financial assets: Derivative financial instruments: Currency derivatives ¥ 14 Option model Foreign exchange volatility 10%-14% Equity derivatives 1,880 Option model Equity volatility 11%-52% Equity to equity correlation 45%-94% Credit derivatives 4,667 CDO pricing model Additional withdrawal ratio 48% Credit Default model Quanto correlation 15%-90% Financial assets at fair value through profit or loss: Debt instruments 10,143 Monte Carlo Simulation Equity volatility 12%-25% Equity instruments 18,057 Market multiples Price/Earnings multiple 8.3x-19.5x EV/EBITDA multiple 8.7x Liquidity discount 0%-20% See note (2) below — — Available-for-sale Debt instruments 154 DCF method Discount margin 8% Equity instruments (5) 844,352 Market multiples Price/Book value multiple 0.3x-2.4x Price/Earnings multiple 11.7x-31.4x EV/EBITDA multiple 5.4x-16.8x Liquidity discount 20% Monte Carlo Simulation Equity volatility 42%-51% Net asset value (3) — — See note (2) below — — Financial liabilities: Derivative financial instruments: Currency derivatives ¥ 14 Option model Foreign exchange volatility 10%-14% Credit derivatives 422 Credit Default model Quanto correlation 20%-30% Others (4) 833 Option model Equity volatility 23%-38% Equity to equity correlation 45%-94% Interest rate to interest rate correlation 31%-100% Credit Default model Quanto correlation 15%-90% (1) Valuation techniques and unobservable inputs for insignificant Level 3 financial assets and liabilities are excluded. (2) Fair values of certain equity instruments such as unlisted stocks are estimated on the basis of an analysis of the investee’s financial position and results, risk profile, prospects and other factors. A range of key inputs is not provided in the table as it is not practical to do so given the nature of such valuation techniques. (3) The SMBC Group has determined that the net asset value represents fair values of certain investment funds. (4) Embedded derivatives are separately accounted for, but presented together with the host contract in the consolidated statements of financial position. In these tables, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in these tables as liabilities to be consistent with the host contract. (5) Equity instruments which are classified as available-for-sale Correlation Correlation represents a measure of the relationship between the movements of two variables, which is expressed as a number between plus and minus one. A positive correlation indicates that two variables move in the same direction while a negative correlation indicates that they move in opposite directions. Correlations could be any combination of variables such as interest rates, foreign exchange rates, CDS spread and stock price movements. Thus, both same-asset correlation and cross-asset correlation are used. Interest rate correlation between two different tenors is an example of same-asset correlations while quanto correlation which is the correlation between foreign exchange rates and another variable is an example of cross-asset correlation. These correlations are used in the valuation techniques of complex derivatives and estimated based on historical data. In general, a significant increase in the correlation in isolation would result in either a significantly higher or lower fair value measurement, depending on the terms of the instruments. Volatility Volatility represents a measure of how much a particular instrument, parameter or index is expected to change in value over time. The volatilities used in the valuation of some type of derivative instruments with optionality refer to the potential change in price or level of the underlying interest rates, foreign exchange rates or equity instruments. The volatilities of underlying listed stocks are used in the valuation of preferred stocks containing optionality. These volatilities are estimated based on historical data or information provided by third-party sources, together with other analytical techniques. In general, a significant increase in the volatility in isolation would result in a significantly higher fair value measurement. Additional withdrawal ratio Additional withdrawal ratio represents the expected additional withdrawal ratio of unfunded commitment lines in the reference portfolio (mainly revolving credit facilities for commercial paper backup) concerning the credit loss protection scheme offered to GS. The expected additional withdrawal ratio is estimated based on historical data of actual funded amounts at default for similar portfolios. In general, a significant increase in the additional withdrawal ratio in isolation would have a significant unfavorable impact (i.e., an increase in derivative liabilities or a decrease in derivative assets) on the fair value measurement. Probability of default and loss given default rates Probability of default rate represents the probability of default that reflects the counterparty’s credit risk while loss given default rate represents the loss expected in the event of default. Those are estimated based on historical experiences. In general, a significant increase in probability of default rate or loss given default rate in isolation would result in a significantly lower fair value measurement. Price/Earnings, price/book value multiples Price/Earnings (“P/E”) multiple represents the ratio of the equity value to the net income, while price/book value (“P/B”) multiple represents the ratio of the equity value to the book value. These multiples are estimated based on comparable listed companies. In general, a significant increase in the P/E multiple or P/B multiple in isolation would result in a significantly higher fair value measurement. EV/EBITDA multiple EV/EBITDA multiple represents the ratio of the enterprise value (“EV”) to earnings before interest, taxes, depreciation and amortization (“EBITDA”), where the EV is the aggregate value of equity and debt minus cash and cash equivalents. The multiple is estimated based on comparable listed companies. In general, a significant increase in the EV/EBITDA multiple in isolation would result in a significantly higher fair value measurement. Liquidity discount A liquidity discount is primarily applied in the valuation techniques for unlisted stocks to reflect the fact that these stocks are not actively traded. In general, a significant increase in the liquidity discount in isolation would result in a significantly |
Offsetting of Financial Assets
Offsetting of Financial Assets and Liabilities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Offsetting of Financial Assets and Liabilities | 44 OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES The following tables present the information about the impact of offsetting of financial assets and liabilities in the consolidated statements of financial position in accordance with the criteria described in Note 2 “Summary of Significant Accounting Policies,” as well as the impact of netting of financial instruments that are subject to enforceable master netting arrangements or similar agreements but do not qualify for the offsetting criteria at March 31, 2019 and 2018. At March 31, 2019 Gross amounts Gross amounts (1) Net amounts Related amounts not offset in (2) Financial (3) Cash collateral Net amounts (In millions) Financial assets (4) Reverse repurchase agreements and cash collateral on securities borrowed ¥ 11,462,683 ¥ (1,116,689 ) ¥ 10,345,994 ¥ (10,243,455 ) ¥ — ¥ 102,539 Derivative financial instruments 3,881,854 (499,280 ) 3,382,574 (1,798,712 ) (316,886 ) 1,266,976 Total ¥ 15,344,537 ¥ (1,615,969 ) ¥ 13,728,568 ¥ (12,042,167 ) ¥ (316,886 ) ¥ 1,369,515 Financial liabilities (4) Repurchase agreements and cash collateral on securities lent ¥ 14,003,938 ¥ (1,116,689 ) ¥ 12,887,249 ¥ (12,885,505 ) ¥ — ¥ 1,744 Derivative financial instruments 3,643,981 (592,208 ) 3,051,773 (1,803,566 ) (472,156 ) 776,051 Total ¥ 17,647,919 ¥ (1,708,897 ) ¥ 15,939,022 ¥ (14,689,071 ) ¥ (472,156 ) ¥ 777,795 At March 31, 2018 Gross amounts Gross amounts (1) Net amounts Related amounts not offset in (2) Financial (3) Cash collateral Net amounts (In millions) Financial assets (4) Reverse repurchase agreements and cash collateral on securities borrowed ¥ 9,346,594 ¥ (854,891 ) ¥ 8,491,703 ¥ (8,458,707 ) ¥ — ¥ 32,996 Derivative financial instruments 4,729,842 (844,571 ) 3,885,271 (1,999,343 ) (479,814 ) 1,406,114 Total ¥ 14,076,436 ¥ (1,699,462 ) ¥ 12,376,974 ¥ (10,458,050 ) ¥ (479,814 ) ¥ 1,439,110 Financial liabilities (4) Repurchase agreements and cash collateral on securities lent ¥ 12,877,484 ¥ (854,891 ) ¥ 12,022,593 ¥ (12,019,290 ) ¥ — ¥ 3,303 Derivative financial instruments 4,526,765 (1,028,749 ) 3,498,016 (2,009,835 ) (587,693 ) 900,488 Total ¥ 17,404,249 ¥ (1,883,640 ) ¥ 15,520,609 ¥ (14,029,125 ) ¥ (587,693 ) ¥ 903,791 (1) Amounts offset for derivative financial instruments include cash collateral. (2) The amounts of financial instruments and cash collateral have been limited to the net amounts presented in the consolidated statements of financial position so as not to include any over-collateralization. (3) Financial instruments include non-cash (4) Financial assets and liabilities include amounts that are both subject to and not subject to enforceable master netting arrangements or similar agreements. The “Gross amounts offset in statements of financial position” column in the above tables represents the impact of offsetting of financial assets and liabilities in the consolidated statements of financial position in accordance with the offsetting criteria. The SMBC Group presents financial assets and liabilities on a net basis in the consolidated statements of financial position only if it currently has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis or realize the asset and settle the liability simultaneously. The “Related amounts not offset in statements of financial position” column comprises (1) financial assets and liabilities subject to netting arrangements, such as the International Swaps and Derivatives Association’s (“ISDA”) Master Agreement, master repurchase agreements and master securities lending agreements, which allow all the outstanding transactions with a particular counterparty to be set off only if the event of default or other predetermined events occur, and (2) cash and non-cash |
Financial Risk Management
Financial Risk Management | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Financial Risk Management | 45 FINANCIAL RISK MANAGEMENT The SMBC Group classifies risks into the following categories: credit risk, market risk, liquidity risk and operational risk. This note presents information about the SMBC Group’s exposure to credit risk, market risk, and liquidity risk, and its policies and processes for measuring and managing these risks. Risk Management System Top management plays an active role in the risk management process out of recognition for the importance of risk management. The SMBC Group-wide basic policies for risk management are determined by the Management Committee before being authorized by the board of directors. In line with these basic policies for risk management, the functions for managing major risks are consolidated within the Risk Management Unit, which is independent from business units. In addition, the Internal Audit Dept. conducts internal audits on the status of risk management to verify that risk is appropriately managed. Risk management systems are in place at individual SMBC Group companies that have been established based on the characteristics of their particular businesses and in accordance with the basic policies. Furthermore, the SMBC Group is strengthening SMBC Group-wide risk management systems through the Group Chief Risk Officer (“CRO”) Committee, which consists of the Group CRO and risk management representatives from strategically important SMBC Group companies. The diagram below represents the risk management system of the SMBC Group. Risk Capital Management In managing credit risk, market risk, and operational risk affecting the entire SMBC Group, the SMBC Group applies a uniform standard, risk capital based on value at risk (“VaR”), for use in monitoring and managing risks. This standard is applied while taking into account the characteristics of each risk and of the businesses of SMBC Group companies. Specific risk capital measures include setting upper limits for risk exposure based on SMBC Group-wide and business unit risk appetite and SMBC Group-wide management constitution. Each business unit operates business operation within that limit. Through these precautions, the SMBC Group practices management that maintains an appropriate balance between risks and returns based on a comprehensive perspective and secures sufficient financial soundness. Credit Risk Credit risk is the risk of incurring losses from decline or loss of the value of an asset (including off-balance sheet items) that is caused by a credit event including but not limited to the deterioration of financial condition of a borrower. Overseas credits transactions also entail country risk, which is closely related to credit risk. Country risk is the risk of incurring losses caused by changes in political or economic conditions. Credit exposures arise primarily from lending activities such as loans and advances, acquiring investment securities, derivative transactions, and off-balance sheet transactions such as unused portion of loan commitments. Credit risk management system Credit risk is the most significant risk to which the SMBC Group is exposed. The purpose of credit risk management is to keep the credit risk exposure to a permissible level relative to capital, to maintain the quality of assets and to ensure returns commensurate with risk. At the SMBC Group, the Group CRO formulates credit risk management policies each year on the basis of Group-wide basic policies for risk management. The Credit & Investment Planning Department, responsible for the comprehensive management of credit risk, drafts and administers credit risk regulations including the Group credit policies, manages non-performing loans (“NPLs”), and performs other aspects of credit portfolio management. Also, the Credit Risk Committee deliberates on matters related to Group-wide credit portfolios. The SMBC Group companies follow the fundamental principles established by the SMBC Group to assess and manage credit risk. Each of SMBC Group companies manages credit risk according to the nature of its business, and assesses and manages the credit risks of individual loans and credit portfolios quantitatively, using consistent standards. The following chart shows the credit risk management system of SMBC, the SMBC Group’s significant banking subsidiary. At SMBC, the Credit & Investment Planning Department within the Risk Management Unit is responsible for the comprehensive management of credit risk. This department drafts and administers credit policies, the internal rating system, credit authority guidelines, and credit application guidelines, and manages NPLs, including impaired loans, and other aspects of credit portfolio management. The department also cooperates with the Corporate Risk Management Department in quantifying credit risk (risk capital and risk-weighted assets) and controls SMBC’s entire credit risk. Further, the Credit Portfolio Management Department within the Credit & Investment Planning Department strives to stabilize the credit portfolio and manage the risk through credit derivatives, loan asset sales and other instruments. The credit departments of SMBC within each business unit conduct credit risk management for loans handled by its unit and manage portfolios of its unit. The credit limits they use are based on the baseline amounts that the Credit & Investment Planning Department establishes for each grading category, with particular attention paid to evaluating and managing customers or loans perceived to have particularly high credit risk. The Corporate Research Department engages in research on industries and analyzes the business and financial conditions of borrower enterprises to detect early signs of problems or growth potential. The Credit Administration Department is responsible for handling NPLs of borrowers classified as potentially bankrupt or lower, and formulates plans for workouts, including write-offs, and corporate rehabilitation. The department closely liaises with SMBC Servicer Co., Ltd., an SMBC Group company, which engages in related services to efficiently reduce the amount of NPLs, including through the sale of loans. The Internal Audit Unit of SMBC, operating independently of the business units, audits asset quality, accuracy of grading and state of credit risk management, and reports the results directly to the board of directors and the Management Committee. SMBC has established the Credit Risk Committee to undertake control of credit risk and to ensure the overall soundness of the loan operations. Credit risk management methods To effectively manage the risk involved in individual loans as well as the credit portfolio as a whole, the SMBC Group first acknowledges that every loan entails credit risk, assesses the credit risk posed by each borrower and loan using an internal rating system, and quantifies that risk for control purposes. Credit risk evaluation At SMBC, the Credit & Investment Planning Department manages an internal rating system for each asset control category set according to portfolio characteristics. For example, credits to commercial and industrial (“C&I”) companies, individuals for business purposes (domestic only), sovereigns, public sector entities, and financial institutions are assigned an “obligor grade,” which indicates the borrower’s creditworthiness, and/or “facility grade,” which indicates the collectability of assets taking into account the transaction conditions such as guarantee/collateral, and tenor. The business units determine an obligor grade by first assigning a financial grade using a financial strength grading model and data obtained from the obligor’s financial statements, including net worth and cash flows. The financial grade is then adjusted taking into account the actual state of the obligor’s financial position and qualitative factors to derive the obligor grade. The qualitative factors mainly include the expected future cash flows taking into account factors such as historical loss information, the appropriateness of the borrower’s business plan or operational improvement plan, the status of progress of its plan, and the overall support from financial institutions. In the event that the borrower is domiciled overseas, internal ratings for credit are made after taking into consideration the country rank, which represents an assessment of the credit quality of each country based on its political and economic situation, as well as its current account balance and external debt. Obligor grades and facility grades are reviewed once a year and as otherwise necessary, such as when there are changes in the credit situation. The SMBC Group’s subsidiaries carry out credit risk evaluations in line with SMBC. The table below shows the corporate obligor grading system of SMBC. Obligor Grade Definition Borrower Category Domestic (C&I), etc. Overseas (C&I), etc. J1 G1 Very high certainty of debt repayment Normal J2 G2 High certainty of debt repayment J3 G3 Satisfactory certainty of debt repayment J4 G4 Debt repayment is likely, but this could change in cases of significant changes in economic trends or business environment J5 G5 No problem with debt repayment over the short term, but not satisfactory over the mid to long term, and the situation could change in cases of significant changes in economic trends or business environment J6 G6 Currently no problem with debt repayment, but there are unstable business and financial factors that could lead to debt repayment problems J7 G7 Close monitoring is required due to problems in meeting loan terms and conditions, sluggish/unstable business, or financial problems Borrowers J7R G7R Obligors with loans that are more than three months past due or with restructured loans within the “Borrowers Requiring Caution” category Substandard J8 G8 Currently not bankrupt, but experiencing business difficulties, making insufficient progress in restructuring and highly likely to go bankrupt Potentially J9 G9 Though not yet legally or formally bankrupt, has serious business difficulties and rehabilitation is unlikely; thus, effectively bankrupt Effectively J10 G10 Legally or formally bankrupt Bankrupt There are also grading systems for loans to individuals such as housing loans and structured finance including project finance, where the repayment source is limited to the cash flows generated by a particular business or asset. For example, the obligor grade of housing loans is determined taking into account various relevant factors such as proportion of the repayment to revenue, proportion of down payment to the value and past due information. The Credit & Investment Planning Department of SMBC centrally manages the internal rating systems, and designs, operates, supervises and validates the grading models. It validates the grading models (including statistical validation) of main assets following the procedure manual once a year to ensure their effectiveness and suitability. Quantification of credit risk At SMBC, credit risk quantification refers to the process of estimating the degree of credit risk of a portfolio or individual loan taking into account not just the obligor’s probability of default (“PD”), but also the concentration of risk in a specific customer or industry and the loss impact of fluctuations in the value of collateral, such as real estate and securities. Specifically, the PD by grade, loss given default (“LGD”), credit quality correlation among obligors, and other parameter values are estimated using the historical data of obligors and facilities stored in a database to calculate the credit risk. Then, based on these parameters, SMBC runs a simulation of simultaneous default using the Monte Carlo Simulation to calculate SMBC’s maximum loss exposure to the estimated amount of the maximum losses that may be incurred. Based on these quantitative results, SMBC allocates risk capital. Risk quantification is also executed for purposes such as to determine the portfolio’s risk concentration or to simulate economic movements (stress tests), and the results are used for making optimal decisions across the whole range of business operations, including formulating business plans and providing a standard against which individual credit applications are assessed. Credit assessment At SMBC, the credit assessment of corporate loans involves a variety of financial analyses, including cash flows, to predict an enterprise’s capability of loan repayment and its growth prospects. These quantitative measures, when combined with qualitative analyses of industrial trends, the enterprise’s research and development capabilities, the competitiveness of its products or services, and its management caliber, result in a comprehensive credit assessment. The loan application is analyzed in terms of the intended utilization of the funds and the repayment schedule. In the assessment of housing loans for individuals, SMBC employs a credit assessment model based on credit data amassed and analyzed by SMBC over many years, taking into account various relevant factors including proportion of the repayment to revenue, proportion of down payment to the value and past due information. Credit monitoring At SMBC, in addition to analyzing loans at the application stage, the Credit Monitoring System is utilized to reassess obligor grades, and review credit policies for each obligor so that problems can be detected at an early stage, and quick and effective action can be taken. The system includes annual monitoring that is carried out each time the financial results of the obligor enterprise are obtained, as well as ad-hoc monitoring that is performed each time credit conditions change. Credit portfolio management Risk-taking within the scope of capital To keep the credit risk exposure to a permissible level relative to capital, the Corporate Risk Management Department of the Company sets a credit risk capital limit for internal control purposes. Under this limit, sub-limits are set for each business unit. The Corporate Risk Management Department conducts monthly monitoring to make sure that these limits are being followed. Controlling concentration risk As the SMBC Group’s equity capital may be materially impaired in the event that the credit concentration risk becomes apparent, the Credit & Investment Planning Department of the Company therefore takes measures to manage concentration risks, such as introducing large exposure limits and conducting intensive loan reviews for obligors with large exposures, with an increased focus on industrial sectors with an excessive concentration of credit risk. Further, to manage country risk, SMBC’s Credit Department of the International Banking Unit has credit limit guidelines based on each country’s creditworthiness. Toward active portfolio management SMBC’s Credit Portfolio Management Department makes use of credit derivatives, loan asset sales, and other instruments to proactively and flexibly manage its portfolio to stabilize credit risk. Maximum exposure to credit risk before collateral held or other credit enhancements The following table shows the maximum exposure to credit risk before taking into account any collateral held or other credit enhancements at March 31, 2019 and 2018. At March 31, 2019 2018 (In millions) Credit risk exposures relating to assets on the consolidated statements of financial position: Deposits with banks ¥ 56,700,489 ¥ 53,992,931 Call loans and bills bought 2,465,745 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 10,345,994 8,491,703 Trading assets 2,480,903 2,841,148 Derivative financial instruments 3,382,574 3,885,271 Financial assets at fair value through profit or loss 2,620,686 1,528,921 Investment securities: Debt instruments at amortized cost (At March 31, 2018: Held-to-maturity investments) 318,914 372,459 Debt instruments at FVOCI (At March 31, 2018: Available-for-sale financial assets) 13,333,221 14,282,706 Loans and advances 90,682,938 85,129,070 Other financial assets 3,609,129 3,598,642 Financial assets included in assets held for sale — 3,099,888 Credit risk exposures relating to off-balance sheet items (1) Loan commitments 62,724,820 60,107,128 Financial guarantees and other credit-related contingent liabilities 9,409,066 8,426,245 Total ¥ 258,074,479 ¥ 247,637,992 (1) The off-balance sheet items represent the nominal amounts of undrawn loan commitments, financial guarantees and other credit-related contingent liabilities. Based on the table above, excluding loan commitments (refer to Note 41 “Contingency and Capital Commitments”), the majority of the total exposure to credit risk is derived from “Loans and advances” and “Debt instruments at FVOCI (At March 31, 2018: Available-for-sale financial assets).” Collateral and other credit enhancements The SMBC Group considers the acquisition of collateral and guarantees as a secondary repayment source to further enhance loan recovery and minimize credit risk. Based on the assessment of a borrower’s real financial condition and potential future cash flows, the SMBC Group shall analyze the borrower’s repayment ability and require sufficient collateral in the form of an asset or third-party obligation. This serves to mitigate the inherent credit risk in the exposure, by either improving recoveries in the event of a default or transferring the borrower’s obligation to guarantors. Collateral received is mainly segregated into (1) financial collateral such as cash, deposits and securities, (2) real estate collateral such as land and buildings, and (3) guarantees received from sovereigns, municipal corporations, credit guarantee corporations and other public entities, financial institutions, and other companies. The SMBC Group’s credit risk management is mainly based on an analysis of the repayment ability from the cash flows of the borrower’s business performance, and the collateral and other credit enhancements are considered as secondary repayment sources in the SMBC Group’s business practice. At the time of the primary lending decision, the SMBC Group evaluates the collateral on an individual borrower basis to consider its financial effect for mitigating credit risk. The re-evaluation of the collateral and other credit enhancements will be performed regularly, depending on the borrower’s creditworthiness. In case there is a significant change in the borrower’s repayment ability due to a deterioration in its creditworthiness and/or its cash flows, the SMBC Group may utilize the collateral and other credit enhancements as a source of repayment. The following table shows the financial effect of collateral and other credit enhancements on impaired loans and advances at March 31, 2019. The maximum collateral amounts included in the disclosure are limited to the carrying value of loans and advances where the credit exposure is over-collateralized. At March 31, 2019 (In millions) Impaired loans and advances ¥ 882,018 Financial effect of collateral and other credit enhancements 325,896 The following table shows the financial effect of collateral and other credit enhancements on loans and advances for borrowers requiring caution and impaired loans and advances at March 31, 2018. The maximum collateral amounts included in the disclosure are limited to the carrying value of loans and advances where the credit exposure is over-collateralized. At March 31, 2018 (In millions) Loans and advances for borrowers requiring caution and impaired loans and advances ¥ 1,965,681 Financial effect of collateral and other credit enhancements 959,015 Concentration of risks of loans and advances with credit risk exposure An analysis of concentrations of credit risk from loans and advances by geographical sector and industry sector at March 31, 2019 and 2018 is shown below. The concentration by geographical sector is measured based on the domicile of the borrower. Geographical sector At March 31, 2019 2018 (In millions) Domestic ¥ 59,856,165 ¥ 57,830,627 Foreign: Americas 12,382,463 11,221,244 Europe 5,988,133 4,949,471 Asia 9,720,884 8,423,747 Others 3,598,673 3,434,838 Total foreign 31,690,153 28,029,300 Gross loans and advances 91,546,318 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) (239,181 ) Less: Allowance for loan losses (604,988 ) (491,676 ) Carrying amount ¥ 90,682,938 ¥ 85,129,070 Industry sector At March 31, 2019 2018 (In millions) Domestic: Manufacturing ¥ 8,522,451 ¥ 7,961,620 Agriculture, forestry, fisheries and mining 288,099 145,957 Construction 918,617 947,765 Transportation, communications and public enterprises 5,596,935 5,424,054 Wholesale and retail 5,281,596 5,288,767 Finance and insurance 3,129,666 2,777,862 Real estate and goods rental and leasing 10,126,531 9,017,664 Services 4,328,173 4,255,228 Municipalities 866,373 1,000,286 Lease financing 9,030 14,629 Consumer (1) 16,187,195 16,363,489 Others 4,601,499 4,633,306 Total domestic 59,856,165 57,830,627 Foreign: Public sector 360,875 372,008 Financial institutions 5,382,130 4,496,646 Commerce and industry 23,285,374 21,023,885 Lease financing 344,958 357,660 Others 2,316,816 1,779,101 Total foreign 31,690,153 28,029,300 Gross loans and advances 91,546,318 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) (239,181 ) Less: Allowance for loan losses (604,988 ) (491,676 ) Carrying amount ¥ 90,682,938 ¥ 85,129,070 (1) The balance in Consumer mainly consists of housing loans. The housing loan balances amounted to ¥11,216,711 million and ¥11,482,678 million at March 31, 2019 and 2018, respectively. The following tables show a disaggregation of the structured finance loans and advances balances, where the repayment source is limited to the cash flows generated by a particular business or asset, and the balances of secured or unsecured consumer loans at March 31, 2019 and 2018. These loans and advances are included in the preceding tables. Structured finance: At March 31, 2019 2018 (In millions) Real estate finance ¥ 2,493,748 ¥ 2,421,408 Project finance 3,978,779 3,976,222 Other structured finance 387,400 374,430 Total structured finance ¥ 6,859,927 ¥ 6,772,060 Consumer: At March 31, 2019 2018 (In millions) Secured loans (1) ¥ 12,008,728 ¥ 12,255,845 Unsecured loans 4,178,467 4,107,644 Total consumer ¥ 16,187,195 ¥ 16,363,489 (1) The secured loans and advances mainly represent housing loans. The housing loan balances amounted to ¥11,216,711 million and ¥11,482,678 million at March 31, 2019 and 2018, respectively. Credit quality analysis The following tables set out information about the gross carrying amount of financial assets and the exposure to credit risk on loan commitments and financial guarantee contracts by stage allocation and internal rating grades of SMBC. Refer to Note 2 “Summary of Significant Accounting Policies” for information on stage allocation. Also refer to Note 45 “Financial Risk Management” for information on obligor grading system of SMBC. At March 31, 2019 12-month Lifetime ECL Lifetime ECL credit-impaired Total (In millions) Loans and advances at amortized cost: Normal J1-6 ¥ 38,708,431 ¥ 191,177 ¥ — ¥ 38,899,608 G1-6 24,350,586 508,277 — 24,858,863 Japanese government and local municipal corporations 3,137,657 — — 3,137,657 Other (1) 22,876,865 75,598 — 22,952,463 Requiring caution J7 — 460,319 — 460,319 G7 — 171,441 — 171,441 Other (1) — 183,949 — 183,949 Impaired (2) — — 882,018 882,018 Gross loans and advances 89,073,539 1,590,761 882,018 91,546,318 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) Less: Allowance for loan losses (158,094 ) (92,446 ) (354,448 ) (604,988 ) Carrying amount ¥ 90,682,938 (1) The balance of “Other” includes housing loans, which amounted to ¥11,084,927 million and ¥28,018 million for the borrower category of Normal and Requiring Caution, respectively. (2) “Impaired” refers to loans and advances related to borrowers with obligor grades not higher than 7R. Modified loans and advances that were subject to lifetime ECL measurement amounted to ¥28,908 million for the fiscal year ended March 31, 2019. The net modification gain or loss is not material. At March 31, 2019 12-month Lifetime ECL Lifetime ECL credit-impaired Total (In millions) Loan commitments and Financial Guarantees (1) : Gross carrying amount ¥ 28,842,267 ¥ 383,828 ¥ 13,435 ¥ 29,239,530 Allowance for off-balance sheet items 36,795 18,289 5,761 60,845 (1) Loan commitments are the undrawn components of loan commitments on which ECL can be separately identified from those on the drawn components. Movements in ECL allowance The following tables show reconciliations from the opening balance to the closing balance of the ECL allowance by class of financial instrument. For the fiscal year ended March 31, 2019 2018 12-month Lifetime ECL Lifetime ECL credit-impaired Total Total (In millions) Loans and advances at amortized cost (1) : Balance at April 1 ¥ 164,515 ¥ 130,701 ¥ 356,404 ¥ 651,620 ¥ 680,456 Transfer to 12-month ECL 832 (805 ) (27 ) — — Transfer to lifetime ECL not credit-impaired (1,599 ) 4,845 (3,246 ) — — Transfer to lifetime ECL credit-impaired (1,966 ) (10,507 ) 12,473 — — Net transfers between stages (2,733 ) (6,467 ) 9,200 — — Provision (credit) for loan losses (2) (4,265 ) (31,744 ) 158,936 122,927 126,623 Charge-offs (3) — — 180,254 180,254 185,060 Recoveries — — 11,042 11,042 10,232 Net charge-offs — — 169,212 169,212 174,828 Others 577 (44 ) (880 ) (347 ) (140,575 ) Balance at March 31 ¥ 158,094 ¥ 92,446 ¥ 354,448 ¥ 604,988 ¥ 491,676 (1) “Loans and advances at amortized cost” includes allowance for undrawn components of loan commitments issued to retail customers which cannot be separately identified from that for the drawn components. (2) The decrease of allowance of lifetime ECL not credit-impaired is primarily due to certain large borrowers’ improvement of their financial performance. (3) Charge-offs for lifetime ECL credit-impaired are primarily related to those for consumer loans. For the fiscal year ended March 31, 2019 12-month Lifetime ECL Lifetime ECL credit-impaired Total (In millions) Loan commitments and financial guarantees (1) : Balance at April 1 ¥ 35,543 ¥ 23,311 ¥ 6,225 ¥ 65,079 Net transfers between stages (28 ) (228 ) 256 — Provision (credit) for off-balance sheet items 2,272 (4,794 ) (720 ) (3,242 ) Others (992 ) — — (992 ) Balance at March 31 ¥ 36,795 ¥ 18,289 ¥ 5,761 ¥ 60,845 (1) ECL allowance for loan commitments is that for the undrawn components of loan commitments, which can be separately identified from that for the drawn components. Loans and advances by credit quality at March 31, 2018 Loans and advances are summarized as follows: At March 31, 2018 (In millions) Neither past due nor impaired ¥ 84,856,335 Past due but not impaired 124,724 Impaired (1) 878,868 Gross loans and advances 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (239,181 ) Less: Allowance for loan losses (491,676 ) Carrying amount ¥ 85,129,070 (1) Loans and advances to borrowers who are classified in the borrower categories of substandard borrowers, potentially bankrupt borrowers, effectively bankrupt borrowers, and bankrupt borrowers described in the obligor grading system represent impaired loans and advances. Loans and advances neither past due nor impaired The following tables show the credit quality of the portfolio of loans and advances that were neither past due nor impaired, by geography and by industry based on the corporate obligor grading system of SMBC at March 31, 2018. Since the internal rating system of SMBC’s consumer portfolio differs from the corporate obligor grading system, the balances of loans and advances to consumers are included in the grade category of “Other.” Additionally, as the SMBC Group’s subsidiaries are adopting various internal rating systems which differ from SMBC, the grade category of “Other” also includes some balances of loans and advances held by those subsidiaries. At March 31, 2018 Normal Requiring Caution J 1-3 J 4-6 Japanese Other J 7 Other Total (In millions) Domestic: Manufacturing ¥ 4,275,861 ¥ 2,190,117 ¥ — ¥ 1,196,566 ¥ 199,616 ¥ 22,681 ¥ 7,884,841 Agriculture, forestry, fisheries and mining 81,900 42,892 13,973 207 599 — 139,571 Construction 319,394 468,222 — 119,439 26,779 459 934,293 Transportation, communications and public enterprises 4,069,995 1,066,246 86,932 133,132 46,657 148 5,403,110 Wholesale and retail 2,333,434 2,399,747 — 297,583 155,584 1,421 5,187,769 Finance and insurance 1,801,410 349,934 2,785 618,935 1,630 5 2,774,699 Real estate and goods rental and leasing 5,696,289 3,082,764 13,696 95,634 87,218 7 8,975,608 Services 1,599,011 2,355,545 37,693 94,218 96,498 115 4,183,080 Municipalities — — 1,000,286 — — — 1,000,286 Lease financing — — — 14,629 — — 14,629 Consumer (1) — 234 — 15,900,425 1,669 73,180 15,975,508 Others 53,633 2,057,571 1,685,694 728,206 69,005 680 4,594,789 Total domestic 20,230,927 14,013,272 2,841,059 19,198,974 685,255 98,696 57,068,183 G 1-3 G 4-6 — Other G 7 Other Total Foreign: Public sector 191,678 81,448 — 97,890 30 941 371,987 Financial institutions 2,381,927 338,659 — 1,752,693 — 7,891 4,481,170 Commerce and industry 14,009,273 2,425,819 — 4,114,066 222,395 53,793 20,825,346 Lease financing 23,290 — — 330,406 — 3,964 357,660 Others 1,194,334 161,795 — 383,463 9,964 2,433 1,751,989 Total foreign 17,800,502 3,007,721 — 6,678,518 232,389 69,022 27,788,152 Total ¥ 38,031,429 ¥ 17,020,993 ¥ 2,841,059 ¥ 25,877,492 ¥ 917,644 ¥ 167,718 ¥ 84,856,335 (1) The balance in the grade category of “Other” in Consumer includes housing loans, which amounted to ¥11,302,350 million and ¥51,189 million for the borrower category of Normal and Requiring Caution, respectively. Loans and advances past due but not impaired The SMBC Group assesses the credit quality of loans and advances taking into account past due information on a borrower basis, and does not comprehensively collate the data related to the age analysis of loans and advances that were past due but not impaired on an individual basis. The aggregate balances of loans and advances of borrowers with one or more facilities, where any of the facilities are past due for less than three months but not impaired as at March 31, 2018 were ¥163,902 million, respectively. Those aggregate balances therefore include individual loans and advances which are not past due. Thus, in the tables below, the SMBC Group provides the amount of loans and advances where the final payment at contractual maturity is past due, by geography and by industry, at March 31, 2018. For reference, since all the loans and advances that are past due over three months are treated as impaired, those loans and advances are not included in the tables below. At March 31, 2018 Past due up to Past due 1-2 months Past due 2-3 months Total (In millions) Domestic: Manufacturing ¥ 476 ¥ 50 ¥ — ¥ 526 Agriculture, forestry, fisheries and mining — — — — Construction 1 10 51 62 Transportation, communications and public enterprises 45 — — 45 Wholesale and retail 2,240 318 21 2,579 Finance and insurance 65 76 — 141 Real estate and goods rental and leasing 73 44 — 117 Services 245 — — 245 Lease financing — — — — Consumer 55,020 10,298 3,378 68,696 Others 2,791 44 21 2,856 Total domestic 60,956 10,840 3,471 75,267 Foreign: Financial institutions 11,934 165 1,548 13,647 Commerce and industry 14,822 2,705 13,554 31,081 Others 2,402 1,676 651 4,729 Total foreign 29,158 4,546 15,753 49,457 Total ¥ 90,114 ¥ 15,386 ¥ 19,224 ¥ 124,724 Impaired loans and advances The following table shows the impaired loans and advances, by geography and by industry, at March 31, 2018. At March 31, 2018 (In millions) Domestic: Manufacturing ¥ 76,253 Agriculture, forestry, fisheries and mining 6,386 Construction 13,410 Transportation, communications and public enterprises 20,899 Wholesale and retail 98,419 Finance and insurance 3,022 Real estate and goods rental and leasing 41,939 Services 71,903 Lease financing — Consumer 319,285 Others 35,661 Total domestic 687,177 Foreign: Public sector 21 Financial institutions 1,829 Commerce and industry 167,458 Lease financing — Others 22,383 Total foreign 191,691 Total impaired loans and advances before allowance for loan losses 878,868 Less: Allowance for loan losses for impaired loans and advances (369,386 ) Net impaired loans and advances ¥ 509,482 Renegotiated loans and advances at March 31, 2018 The following table shows loans and advances at March 31 2018 that would otherwise be past due or impaired, but whose terms have been renegotiated without providing any financial concessions. T |
Related-Party Transactions
Related-Party Transactions | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Related-Party Transactions | 46 RELATED-PARTY TRANSACTIONS Transactions with Related Parties The SMBC Group considers that its related parties include subsidiaries, associates, joint ventures, key management personnel and close family members of key management personnel. Any transactions between the SMBC Group and its subsidiaries meet the definition of related-party transactions. However, because these transactions are eliminated on consolidation, they are not disclosed as related-party transactions. Transactions between the SMBC Group and its related parties are conducted on substantially the same terms as third-party transactions. The transaction amounts included in the accounts, in aggregate, by category of related party were as follows: Transactions with associates, joint ventures and other entities At March 31, 2019 (1) 2018 (In millions) Assets: Loans and advances ¥ 1,661,149 ¥ 222,890 Others 89,534 39,254 Liabilities: Deposits ¥ 178,076 ¥ 267,289 Others 78,540 29,049 For the fiscal year ended March 31, 2019 (1) 2018 2017 (In millions) Income statements: Income (interest income, fee and commission income, and others) ¥ 38,713 ¥ 15,665 ¥ 17,433 Expense (interest expense and others) 25,799 15,601 17,411 (1) On November 28, 2018, Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”), which had been the Company’s subsidiary, became the Company’s joint venture. As a result, the transactions with SMFL and its subsidiaries were included in the line items. Financial guarantees issued by the SMBC Group for its associates at March 31, 2019 and 2018 were ¥338,679 million and ¥99,673 million, respectively. Loan commitments to associates and joint ventures at March 31, 2019 and 2018 were ¥1,360,802 million and ¥125,015 million, respectively. Transactions with key management personnel and their close family members Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the SMBC Group, directly or indirectly. The SMBC Group considers the members of the board of directors and corporate executive officers of SMFG to constitute key management personnel for the purpose of this disclosure required under IAS 24 “Related Party Disclosures.” Before SMFG transitioned to a company with three statutory committees on June 29, 2017, the SMBC Group considered the members of the board of directors of SMFG and SMBC to constitute the key management personnel. At March 31, 2019 2018 (In millions) Assets: Loans and advances ¥ — ¥ 2 Liabilities: Deposits ¥ 1,631 ¥ 1,612 Others 94 94 Compensation of Key Management Personnel The following table presents the compensation expenses of key management personnel. For the fiscal year ended March 31, 2019 2018 2017 (In millions) Short-term employee benefits ¥ 1,102 ¥ 1,135 ¥ 1,157 Share-based compensation 304 295 204 The details of the share-based compensation plan are described in Note 39 “Share-Based Payment.” There were no post-employment benefits, other long-term benefits and termination benefits for the fiscal years ended March 31, 2019, 2018 and 2017. |
Principal Subsidiaries
Principal Subsidiaries | 12 Months Ended |
Mar. 31, 2019 | |
Investments accounted for using equity method [abstract] | |
Principal Subsidiaries | 47 PRINCIPAL SUBSIDIARIES Principal Subsidiaries The SMBC Group’s principal subsidiaries at March 31, 2019 are shown in the list below. The SMBC Group consolidates all entities that the SMBC Group controls. The SMBC Group controls an entity when the SMBC Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. Principal domestic subsidiaries Company Name Proportion of (1) Proportion of (1) Main Business (%) (%) Sumitomo Mitsui Banking Corporation 100.0 100.0 Commercial banking SMBC Trust Bank Ltd. 100.0 100.0 Trust banking SMBC Guarantee Co., Ltd. 100.0 100.0 Credit guarantee SMBC Nikko Securities Inc. 100.0 100.0 Securities Sumitomo Mitsui Card Company, Limited (2) 65.9 65.9 Credit card Cedyna Financial Corporation 100.0 100.0 Credit card and consumer credit SMBC Consumer Finance Co., Ltd. 100.0 100.0 Consumer lending SMBC Mobit Co., Ltd. 100.0 100.0 Consumer lending SMM Auto Finance, Inc. 51.0 51.0 Automobile sales financing SMBC Finance Service Co., Ltd. 100.0 100.0 Collecting agent and factoring The Japan Research Institute, Limited 100.0 100.0 System development, data processing, management consulting and economic research Sumitomo Mitsui Asset Management Company, Limited (3) 51.1 51.1 Investment advisory and investment trust management NCore Co., Ltd. 51.0 51.0 Data processing service and consulting SMBC Venture Capital Co., Ltd. 40.0 40.0 Venture capital SMBC Consulting Co., Ltd. 98.3 98.3 Management consulting and information services Japan Pension Navigator Co., Ltd. 69.7 69.7 Operational management of defined contribution pension plans (1) Percentages of proportion of ownership interest and proportion of voting rights have been truncated. (2) We acquired an additional 34.1% of the outstanding shares of Sumitomo Mitsui Card Company, Limited on April 1, 2019 and, as a result, it became the SMBC Group’s wholly owned subsidiary. (3) Sumitomo Mitsui Asset Management Company, Limited merged with Daiwa SB Investments Ltd. on April 1, 2019, to form Sumitomo Mitsui DS Asset Management Company, Limited. Principal foreign subsidiaries Company Name Country of Proportion of (1) Proposition (1) Main Business (%) (%) Sumitomo Mitsui Banking Corporation Europe Limited U.K. 100.0 100.0 Commercial banking Sumitomo Mitsui Banking Corporation (China) Limited China 100.0 100.0 Commercial banking PT Bank BTPN Tbk Indonesia 98.4 98.4 Commercial banking SMBC Americas Holdings, Inc. U.S.A. 100.0 100.0 Bank holding company Manufacturers Bank U.S.A. 100.0 100.0 Commercial banking Banco Sumitomo Mitsui Brasileiro S.A Brazil 100.0 100.0 Commercial banking JSC Sumitomo Mitsui Rus Bank Russia 100.0 100.0 Commercial banking SMBC Bank EU AG Germany 100.0 100.0 Commercial banking Sumitomo Mitsui Banking Corporation Malaysia Berhad Malaysia 100.0 100.0 Commercial banking SMBC Leasing and Finance, Inc. U.S.A. 100.0 100.0 Leasing SMBC Nikko Securities America, Inc. U.S.A. 100.0 100.0 Securities SMBC Nikko Capital Markets Limited U.K. 100.0 100.0 Securities SMBC Capital Markets, Inc. U.S.A. 100.0 100.0 Derivatives (1) Percentages of proportion of ownership interest and proportion of voting rights have been truncated. SMBC Venture Capital Co., Ltd. is accounted for as subsidiaries, despite the SMBC Group’s holdings of less than 50% of the voting rights, because the SMBC Group is able to govern the financial and operating policies of this company under a statute or an agreement. The SMBC Group does not control some entities despite the fact that the SMBC Group holds more than 50% of their share capital, because the SMBC Group has entered into agreements with other investors to share or give those investors the power to govern the entities’ financial and operating policies over these investees. Some of the SMBC Group’s subsidiaries may be subject to restrictions on the ability to transfer funds to the Company in the form of cash dividends or to repay loans or advances, which include capital adequacy requirements imposed by the governments and central banks, and the Companies Act restrictions relating to dividends. In addition, the SMBC Group pledges assets as collateral to secure payables under repurchase agreements, securities lending transactions and securitizations, borrowings or for cash settlements, margins on derivative transactions and certain other purposes. The details of assets pledged are described in Note 38 “Assets Pledged and Received as Collateral.” |
Structured Entities
Structured Entities | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Structured Entities | 48 STRUCTURED ENTITIES A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity. It often has some or all of the following features or attributes: • restricted activities; • a narrow and well-defined objective; • insufficient equity to permit the structured entity to finance its activities without subordinated financial support; or • financing in the form of multiple contractually linked instruments to investors that create concentrations of credit or other risks (tranches). During the normal course of business, the SMBC Group engages in numerous transactions involving structured entities. These structured entities are primarily used to provide the SMBC Group and its clients with efficient access to funds or investment opportunities, mainly through securitizations, investment funds and structured finance. Consolidated Structured Entities Structured entities are consolidated if they are controlled by the SMBC Group in accordance with the accounting policy as described in Note 2 “Summary of Significant Accounting Policies.” The consolidated structured entities include asset backed commercial paper (“ABCP”) conduits which purchase financial assets such as trade accounts receivable and lease receivables by issuing commercial paper to third-party investors. The SMBC Group has contractual agreements to provide liquidity and credit enhancement facilities which can be utilized by those structured entities upon their request. At March 31, 2019 and 2018, the consolidated ABCP conduits had total assets of ¥728,778 million and ¥807,780 million, respectively. The total notional amounts of the liquidity and credit enhancement facilities provided by the SMBC Group to the consolidated ABCP conduits at March 31, 2019 and 2018 were ¥1,050,986 million and ¥1,129,257 million, respectively, all of which were undrawn. The SMBC Group did not provide any financial or other support, without having a contractual obligation to do so, to consolidated structured entities during the fiscal years ended March 31, 2019 and 2018. Unconsolidated Structured Entities The following tables represent the carrying amounts of the SMBC Group’s interests in unconsolidated structured entities recognized in its consolidated statements of financial position by line item and the maximum exposure to loss from its interests at March 31, 2019 and 2018. At March 31, 2019 Securitizations Investment Structured Others Total (In millions) Interests in unconsolidated structured entities recognized in: Trading assets ¥ 16,581 ¥ 39,614 ¥ — ¥ — ¥ 56,195 Financial assets at fair value through profit or loss 8,637 871,368 144,297 — 1,024,302 Investment securities 15,108 27,002 — 473 42,583 Loans and advances 2,213,496 — 5,489,334 533,196 8,236,026 Total ¥ 2,253,822 ¥ 937,984 ¥ 5,633,631 ¥ 533,669 ¥ 9,359,106 Maximum exposure to loss from interests in unconsolidated structured entities ¥ 3,110,451 ¥ 944,487 ¥ 6,597,207 ¥ 712,798 ¥ 11,364,943 At March 31, 2018 Securitizations Investment Structured Others Total (In millions) Interests in unconsolidated structured entities recognized in: Trading assets ¥ 10,157 ¥ 68,639 ¥ — ¥ — ¥ 78,796 Investment securities 64,113 1,055,971 51,018 479 1,171,581 Loans and advances 1,921,725 — 5,202,253 400,549 7,524,527 Assets held for sale 32,755 — 81,494 — 114,249 Total ¥ 2,028,750 ¥ 1,124,610 ¥ 5,334,765 ¥ 401,028 ¥ 8,889,153 Maximum exposure to loss from interests in unconsolidated structured entities ¥ 2,925,137 ¥ 1,126,551 ¥ 6,296,368 ¥ 538,660 ¥ 10,886,716 An interest in a structured entity refers to contractual and non-contractual involvement that exposes the SMBC Group to variability of returns from the performance of the structured entity. Such interests include the holding of equity or debt instruments as well as the provision of loans, loan commitments and guarantees. Interest rate and currency derivatives that expose the SMBC Group mainly to market risk, or CDS that are designed to transfer risk from the SMBC Group to a structured entity are not regarded as an interest in a structured entity since they do not expose the SMBC Group to variability of returns from the performance of the structured entity. These derivatives are therefore not included in the tables above. The maximum exposure to loss from the SMBC Group’s interests in unconsolidated structured entities represents the maximum amount of potential loss to which the SMBC Group is exposed through its involvement with unconsolidated structured entities. It is determined by the SMBC Group’s carrying amounts and the notional amounts of loan commitments and guarantees, without considering the probability of loss being incurred, or effects of collateral or other credit protection. The SMBC Group did not provide any financial or other support, without having a contractual obligation to do so, to unconsolidated structured entities during the fiscal years ended March 31, 2019 and 2018. Securitizations Structured entities for this product are established to securitize third-parties’ assets which mainly consist of auto loan receivables, residential and commercial mortgage loans and trade accounts receivables. These entities purchase those assets through loans or notes issued with multiple tranches. The SMBC Group provides loans and loan commitments to these entities or holds notes issued by them, in some cases with credit loss protection through guarantees or other credit enhancements provided by the sellers. Investment Funds These funds are established for providing investment opportunities to investors by pooling money from them and investing mainly in equity and debt instruments based on a predetermined investment policy. The SMBC Group has invested in a number of these funds. Structured Finance Structured entities for this product are typically established to raise funds for the development of infrastructure, the production of natural resources, the development or acquisition of real estate properties, and the purchase of certain equipment such as vessels or aircrafts for lease transactions. The SMBC Group provides financing to these entities mainly in the form of loans, loan commitments, or notes, which are typically secured by entities’ assets or cash flows generated primarily by entities’ projects. Others The SMBC Group provides financing to other types of structured entities such as third-party structured entities and repackaging vehicles to facilitate its clients’ funding requirements. The SMBC Group provides loans and loan commitments to these entities. Sponsored Unconsolidated Structured Entities with No Interest Held by the SMBC Group The SMBC Group sponsors certain structured entities in which it has no interest. The SMBC Group is deemed to be a sponsor of a structured entity when the SMBC Group takes a leading role in determining its purpose and design, while providing operational support to ensure its continued operation. The income received from such sponsored unconsolidated structured entities was ¥24,478 million and ¥23,901 million for the fiscal years ended March 31, 2019 and 2018, respectively. The majority of the income was management fees included in “Fee and commission income” and was from investment funds managed by SMAM, the SMBC Group’s asset management subsidiary. The carrying amount of assets transferred to these entities, which mainly consisted of investment funds, was ¥1,361,979 million and ¥1,640,396 million for the fiscal years ended March 31, 2019 and 2018, respectively. |
Acquisitions
Acquisitions | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Acquisitions | 49 ACQUISITIONS Fiscal Year Ended March 31, 2019 PT Bank Tabungan Pensiunan Nasional Tbk On January 30, 2019, SMBC, the SMBC Group’s wholly owned subsidiary, acquired an additional share of PT Bank Tabungan Pensiunan Nasional Tbk, previously an associate bank of SMBC in Indonesia. As a result of the acquisition, the SMBC Group increased its equity interest in PT Bank Tabungan Pensiunan Nasional Tbk from 40.58% to 98.50% and obtained control of PT Bank Tabungan Pensiunan Nasional Tbk. Subsequently, on February 1, 2019, PT Bank Tabungan Pensiunan Nasional Tbk merged with PT Bank Sumitomo Mitsui Indonesia, a consolidated subsidiary of SMBC also in Indonesia, and the merged company changed its corporate name to PT Bank BTPN Tbk. This merger was made for the purpose of operating a full-fledged commercial banking business in Indonesia and further developing its franchise to offer broader financial services to its customers. The fair values of assets and liabilities of BTPN at the date of acquisition and the consideration paid were as follows: At January 30, 2019 (In millions) Assets: Cash and deposits with banks ¥ 149,331 Loans and advances 522,918 Intangible assets 57,803 All other assets 107,471 Total assets ¥ 837,523 Liabilities: Deposits ¥ 538,529 All other liabilities 104,817 Total liabilities ¥ 643,346 Net assets 194,177 Non-controlling interests measured at their proportionate share of the identifiable net assets and others (9,494 ) Net assets acquired 184,683 Goodwill 4,707 Consideration ¥ 189,390 Consideration: Cash ¥ 111,365 Fair value of the equity interest in BTPN held before the acquisition 78,025 Total ¥ 189,390 Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement ¥ 776 The fair value of the financial assets acquired included ¥522,918 million of loans and advances. The gross contractual amounts receivable were ¥517,840 million, of which ¥12,404 million were expected to be uncollectible. The goodwill was attributable to the profitability of the acquired business and the synergies expected to arise after the acquisition. None of the goodwill recognized is expected to be deductible for income tax purposes. The SMBC Group recognized a loss of ¥25,744 million on this step acquisition, which was included in “Other expenses” in the consolidated income statements. The revenue and profit or loss since the acquisition date to March 31, 2019 and pro forma financial information relating to PT Bank Tabungan Pensiunan Nasional Tbk are immaterial to the consolidated financial statements. Cash consideration paid and cash acquired by obtaining control of the subsidiaries The total amount of cash consideration paid and cash acquired by obtaining control of subsidiaries during the fiscal year ended March 31, 2019 were as follows: For the fiscal year ended (In millions) Cash consideration paid ¥ (111,365 ) Cash and cash equivalents transferred as a result of the acquisitions 149,331 Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries ¥ 37,966 The amounts of assets and liabilities other than cash or cash equivalents in these subsidiaries were ¥688,192 million and ¥643,346 million, respectively. Fiscal Year Ended March 31, 2018 American Railcar Leasing LLC On June 1, 2017, the SMBC Group, through SMBC Rail Services LLC, the Company’s railcar operating leasing subsidiary, acquired all membership interests of American Railcar Leasing LLC (“ARL”), one of the leading railcar leasing companies in the United States. The SMBC Group pursued this acquisition based on its expectation that the railcar leasing business in the United States will experience further growth and high profitability due to stable demand for rail freight transportation, which is the core infrastructure for inland logistics. Through this acquisition, the SMBC Group aims to expand its railcar leasing business and services by further enhancing its fleet portfolio to appropriately meet diverse needs of clients in a wide range of industries. The fair values of assets and liabilities of ARL at the date of acquisition and the consideration paid were as follows: At June 1, 2017 (In millions) Assets: Property, plant and equipment ¥ 304,257 All other assets 15,719 Total assets ¥ 319,976 Liabilities: Borrowings ¥ 147,523 All other liabilities 1,947 Total liabilities ¥ 149,470 Net assets acquired 170,506 Goodwill — Consideration ¥ 170,506 Consideration: Cash ¥ 170,506 Total ¥ 170,506 Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement ¥ 1,264 The revenue and profit or loss since the acquisition date to March 31, 2018 and pro forma financial information relating to ARL are immaterial to the consolidated financial statements. The amount of cash consideration paid relating to ARL, net of cash and cash equivalents acquired amounting to ¥9,644 million, was ¥160,862 million. Fiscal Year Ended March 31, 2017 GE Japan GK (currently merged into SMFL) On April 1, 2016, SMFL acquired General Electric Company (“GE”) group’s leasing business in Japan by acquiring a 100% equity interest in GE Japan GK (“GE Japan”). The acquired leasing business is comprised mainly of equipment/asset leasing, small-ticket leasing, and automotive leasing. This acquisition was made for the purpose of upgrading the SMBC Group’s marketing strategies and sales capabilities by leveraging GE Japan’s know-how developed under GE, and offering a wide range of financial solutions by enhancing the combined client base of SMFL and GE Japan. The fair values of assets and liabilities of GE Japan at the date of acquisition and the consideration paid were as follows: At April 1, 2016 (In millions) Assets: Loans and advances ¥ 470,538 All other assets 203,069 Total assets ¥ 673,607 Liabilities: Borrowings ¥ 436,537 All other liabilities 58,134 Total liabilities ¥ 494,671 Net assets ¥ 178,936 Non-controlling interests measured at their proportionate share of the identifiable net assets (394 ) Net assets acquired 178,542 Goodwill 2,417 Consideration ¥ 180,959 Consideration: Cash ¥ 180,959 Total ¥ 180,959 Acquisition related costs recognized as an expense in “General and administrative expenses” ¥ 752 The fair value of the financial assets acquired included ¥470,668 million of loans and receivables to customers. The gross contractual amounts receivable were ¥488,335 million, of which ¥21,692 million were expected to be uncollectible. The goodwill was attributable to the profitability of the acquired business and the synergies expected to arise after the acquisition. None of the goodwill recognized is expected to be deductible for income tax purposes. GE Japan’s net profit since the acquisition date to March 31, 2017 was ¥8,041 million. Sumitomo Mitsui Asset Management Company, Limited On July 29, 2016, the SMBC Group acquired an additional 20% of the outstanding shares of Sumitomo Mitsui Asset Management Company, Limited (“SMAM”) and increased its equity interest in SMAM to 60%. As a result, the SMBC Group obtained control of SMAM. This acquisition was made for the purpose of enhancing the SMBC Group’s services to comprehensively meet its clients’ needs for asset management. The fair values of assets and liabilities of SMAM at the date of acquisition and the consideration paid were as follows: At July 29, 2016 (In millions) Assets: Cash and deposits with banks ¥ 15,411 Trading assets 12,030 Intangible assets 14,555 All other assets 11,007 Total assets ¥ 53,003 Liabilities ¥ 14,995 Net assets ¥ 38,008 Non-controlling interests measured at their proportionate share of the identifiable net assets (15,203 ) Net assets acquired 22,805 Goodwill 38,053 Consideration ¥ 60,858 Consideration: Cash ¥ 20,286 Fair value of the equity interest in SMAM held before the acquisition 35,902 40,572 Total ¥ 60,858 Acquisition related costs recognized as an expense in “General and administrative expenses” ¥ 8 The goodwill was attributable to the profitability of the acquired business and the synergies expected to arise after the acquisition. None of the goodwill recognized is expected to be deductible for income tax purposes. As a result of remeasuring the previously held interest to fair value, the SMBC Group recognized a gain of ¥20,344 million, which was included in “Other income” in the consolidated income statement. The revenue and profit or loss since the acquisition date to March 31, 2017 is immaterial to the consolidated financial statements. Pro forma financial information It is estimated that the SMBC Group would have reported a total operating income of ¥3,358,377 million and a net profit of ¥741,214 million for the fiscal year ended March 31, 2017 if all acquisitions had occurred on April 1, 2016. Cash consideration paid and cash acquired by obtaining control of the subsidiaries The total amount of cash consideration paid and cash acquired by obtaining control of subsidiaries during the fiscal year ended March 31, 2017 were as follows: For the fiscal year ended (In millions) Cash consideration paid ¥ (201,245 ) Cash and cash equivalents transferred as a result of the acquisitions 1,889 Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries ¥ (199,356 ) The amounts of assets and liabilities other than cash or cash equivalents in these subsidiaries were ¥724,721 million and ¥509,666 million, respectively. |
Assets and Disposal Groups Held
Assets and Disposal Groups Held For Sale | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Assets and Disposal Groups Held For Sale | 50 ASSETS AND DISPOSAL GROUPS HELD FOR SALE The table below shows non-current assets and disposal groups held for sale at March 31, 2019 and 2018. At March 31, 2019 2018 (In millions) Assets held for sale: Loans and advances (1) ¥ — ¥ 3,010,314 Property, plant and equipment 57 1,435,637 Intangible assets — 179,358 All other assets — 1,026,641 Total 57 5,651,950 (2) Liabilities directly associated with the assets held for sale: Borrowings — 1,631,681 Debt securities in issue — 1,422,402 All other liabilities — 562,858 Total ¥ — ¥ 3,616,941 (2) (1) The balance in Loans and advances mainly consists of lease financing. (2) The assets and liabilities of Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) were classified as held for sale during the fiscal year ended March 31, 2018. Other reserves relating to non-current assets and disposal groups held for sale at March 31, 2019 and 2018 were nil and ¥52,146 million, respectively. Reorganization of joint leasing partnership On November 6, 2017, the SMBC Group announced that it had entered into a basic agreement with Sumitomo Corporation (“Sumitomo Corp”) concerning the reorganization of its joint leasing partnership, subject to the approval of foreign and domestic regulatory authorities. The final agreement regarding the reorganization was concluded on March 30, 2018 and in this reorganization, the Company planned to reduce its equity interest in SMFL from 60% to 50% and Sumitomo Corp planned to increase its equity interest in SMFL from 40% to 50%. As a result, SMFL would cease to be the Company’s consolidated subsidiary and would become its joint venture, and SMFL’s consolidated subsidiaries SMBC Aviation Capital Limited and SMFL Capital Company, Limited would become the SMBC Group’s equity method investees. Based on the facts and circumstances, the SMBC Group determined that the reorganization within one year was considered highly probable and therefore the assets and liabilities of SMFL and its subsidiaries were classified as held for sale during the fiscal year ended March 31, 2018. On November 28, 2018, based on the final agreement described above, the SMBC Group transferred a portion of its shares of SMFL to SMFL. The SMBC Group received a cash consideration of ¥176,284 million for losing control of SMFL and its subsidiaries. The total amount of cash and cash equivalents in these companies was ¥15,411 million. The SMBC Group recognized gains of ¥47,887 million associated with the loss of control of these companies, of which ¥10,251 million was attributable to remeasuring the interests retained in these companies at fair value. These were included in “Other income” in the consolidated income statements. |
Current and Non-current Distinc
Current and Non-current Distinction | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Current and Non-current Distinction | 51 CURRENT AND NON-CURRENT DISTINCTION The following tables present an analysis of financial assets and liabilities, excluding cash and deposits with banks, trading assets and liabilities, derivative financial instruments, financial assets included in assets held for sale and financial liabilities included in liabilities directly associated with the assets held for sale, by amounts recovered or settled, not more than twelve months or more than twelve months, at March 31, 2019 and 2018. At March 31, 2019 Amounts recovered or settled Not more than More than Total (In millions) Assets: Call loans and bills bought ¥ 2,416,538 ¥ 49,207 ¥ 2,465,745 Reverse repurchase agreements and cash collateral on securities borrowed 10,273,844 72,150 10,345,994 Financial assets at fair value through profit or loss 871,333 1,770,083 2,641,416 Investment securities: Debt instruments at amortized cost 46,912 272,002 318,914 Debt instruments at fair value through other comprehensive income 2,381,961 10,951,260 13,333,221 Equity instruments at fair value through other comprehensive income — 4,172,892 4,172,892 Loans and advances 31,176,468 59,506,470 90,682,938 Other financial assets 3,507,199 101,930 3,609,129 Liabilities: Deposits ¥ 129,647,380 ¥ 4,757,272 ¥ 134,404,652 Call money and bills sold 1,307,779 — 1,307,779 Repurchase agreements and cash collateral on securities lent 12,887,249 — 12,887,249 Borrowings 8,713,483 3,454,375 12,167,858 Debt securities in issue 3,521,706 7,649,503 11,171,209 Other financial liabilities 5,593,895 2,618 5,596,513 At March 31, 2018 Amounts recovered or settled Not more than More than Total (In millions) Assets: Call loans and bills bought ¥ 1,802,317 ¥ 79,563 ¥ 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 8,418,341 73,362 8,491,703 Financial assets at fair value through profit or loss 205,525 1,342,147 1,547,672 Investment securities: Held-to-maturity investments 92,033 280,426 372,459 Available-for-sale financial assets 5,034,184 15,088,432 20,122,616 Loans and advances 29,469,067 55,660,003 85,129,070 Other financial assets 3,490,685 107,957 3,598,642 Liabilities: Deposits ¥ 123,901,761 ¥ 4,559,766 ¥ 128,461,527 Call money and bills sold 1,190,929 — 1,190,929 Repurchase agreements and cash collateral on securities lent 12,022,593 — 12,022,593 Borrowings 7,264,455 3,388,026 10,652,481 Debt securities in issue 3,356,401 7,212,716 10,569,117 Other financial liabilities 6,687,889 3,153 6,691,042 |
Condensed Financial Information
Condensed Financial Information of Registrant (SMFG) | 12 Months Ended |
Mar. 31, 2019 | |
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Condensed Financial Information of Registrant (SMFG) | 52 CONDENSED FINANCIAL INFORMATION OF REGISTRANT (SMFG) Condensed Statements of Financial Position At March 31, 2019 2018 (In millions) Assets: Deposits with SMBC ¥ 434,005 ¥ 251,681 Investments in SMBC 4,613,790 4,613,844 Loans to SMBC 6,258,343 5,537,801 Investments in other subsidiaries, associates and joint ventures 1,477,703 1,548,012 Other assets 93,112 90,605 Current tax assets 118,878 67,414 Total assets ¥ 12,995,831 ¥ 12,109,357 Liabilities and equity: Short-term borrowings from SMBC ¥ 1,228,030 ¥ 1,228,030 Long-term borrowings 234,223 199,221 Debt securities in issue due to other subsidiaries 284,297 280,880 Debt securities in issue 4,898,140 4,216,292 Other liabilities 52,813 47,001 Total liabilities 6,697,503 5,971,424 Shareholders’ equity 5,702,082 5,541,687 Other equity instruments holders’ equity 596,246 596,246 Total equity 6,298,328 6,137,933 Total equity and liabilities ¥ 12,995,831 ¥ 12,109,357 Condensed Income Statements For the fiscal year ended March 31, 2019 2018 2017 (In millions) Income: Interest income from SMBC ¥ 145,075 ¥ 99,100 ¥ 52,938 Dividends from SMBC 325,333 223,334 408,419 Dividends from other subsidiaries, associates and joint ventures 46,473 33,668 20,428 Fees and commission income from subsidiaries 5,666 10,226 20,706 Other income 106,712 217 178 Total income 629,259 366,545 502,669 Expense: Interest expense to SMBC 4,298 4,298 4,474 Interest expense to other subsidiaries 13,663 16,309 13,039 Interest expense 128,360 89,699 45,223 Operating and other expense 24,857 21,525 12,165 Total expense 171,178 131,831 74,901 Profit before tax 458,081 234,714 427,768 Income tax expense (28,517 ) (7,085 ) (33,344 ) Net profit ¥ 486,598 ¥ 241,799 ¥ 461,112 Profit attributable to: Shareholders 474,723 232,077 453,183 Other equity instruments holders 11,875 9,722 7,929 Condensed Statements of Cash Flows For the fiscal year ended March 31, 2019 2018 2017 (In millions) Operating Activities: Profit before tax ¥ 458,081 ¥ 234,714 ¥ 427,768 Income taxes paid—net (17,440 ) 35,010 23,427 Other operating activities—net (108,622 ) (3,736 ) (4,580 ) Net cash and cash equivalents provided by operating activities 332,019 265,988 446,615 Investing Activities: Loans provided to SMBC (626,746 ) (2,241,774 ) (1,972,253 ) Proceeds from sale of investment in subsidiaries 184,122 — — Other investing activities—net (6,548 ) (13,833 ) (5 ) Net cash and cash equivalents used in investing (449,172 ) (2,255,607 ) (1,972,258 ) Financing Activities: Proceeds from issuance of long-term borrowings 35,002 66,415 83,806 Proceeds from issuance of debt securities 591,744 1,525,271 1,738,267 Proceeds from issuance of other equity instruments — 149,080 149,081 Dividends paid to shareholders (245,595 ) (218,569 ) (211,501 ) Coupons paid to other equity instruments holders (11,875 ) (9,722 ) (7,929 ) Purchases of treasury stock and proceeds from sale of treasury stock—net (69,799 ) 380 (86 ) Net cash and cash equivalents provided by financing activities 299,477 1,512,855 1,751,638 Net increase of cash and cash equivalents 182,324 (476,764 ) 225,995 Cash and cash equivalents at beginning of period 251,681 728,445 502,450 Cash and cash equivalents at end of period ¥ 434,005 ¥ 251,681 ¥ 728,445 Investments in subsidiaries, associates and joint ventures Investments in subsidiaries, associates and joint ventures are stated at cost. The Company recognizes dividend income from these companies when its right to receive payment is established. Investments in other subsidiaries, associates and joint ventures included equity investments in SMBC Nikko Securities Inc., SMFG Card & Credit, Inc., SMBC Consumer Finance Co., Ltd., Sumitomo Mitsui Asset Management Company, Limited (“SMAM”), Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) and others at March 31, 2019, and SMBC Nikko Securities Inc., SMFG Card & Credit, Inc., SMBC Consumer Finance Co., Ltd., SMAM, SMFL and others at March 31, 2018. On April 1, 2019, SMAM merged with Daiwa SB Investments Ltd., previously our associate, to form Sumitomo Mitsui DS Asset Management Company, Limited. These companies are incorporated in Japan, and the proportion of ownership interest of the Company in these companies was the same as described in Note 11 “Investments in Associates and Joint Ventures,” and Note 47 “Principal Subsidiaries.” On November 28, 2018, the Company transferred a portion of its shares of SMFL to SMFL. As a result of the share transfer, SMFL ceased to be the Company’s subsidiary and became its joint venture. The gains recognized by the Company regarding to the share transfer were included in “Other income” in the condensed income statements for the fiscal year ended, March 31, 2019. Long-term obligations The Company had perpetual subordinated bonds of ¥267 billion and ¥267 billion outstanding to its subsidiary, SMFG Preferred Capital JPY 3 Limited, at March 31, 2019 and 2018, respectively. The interest rates of these bonds are fixed until January 2020, which range from 4.0% to 4.5% per annum, and will be floating thereafter. SMFG Preferred Capital JPY 3 Limited issued preferred securities to purchase these bonds. The Company had subordinated long-term borrowings amounting to ¥49 billion and ¥49 billion at March 31, 2019 and 2018, respectively, and had unsubordinated long-term borrowings amounting to ¥185 billion and to ¥150 billion at March 31, 2019 and 2018, respectively. The Company also had subordinated bonds amounting to ¥954 billion and ¥945 billion, including ¥5 billion and ¥2 billion outstanding to its subsidiary, at March 31, 2019 and 2018, respectively, and had senior bonds amounting to ¥3,962 billion and ¥3,285 billion, including ¥12 billion and ¥12 billion outstanding to its subsidiary, at March 31, 2019 and 2018, respectively. For additional information, refer to Note 18 “Borrowings” and Note 19 “Debt Securities in Issue.” Guarantees The Company provided guarantee of ¥234 billion and ¥298 billion at March 31, 2019 and 2018, respectively, to the Deposit Protection Fund of the Association of German Banks with regard to the deposits of the SMBC Dusseldorf branch. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2019 | |
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Basis of Preparation | Basis of Preparation Compliance with International Financial Reporting Standards The consolidated financial statements of the SMBC Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). Basis of measurement The consolidated financial statements have been prepared under the historical cost basis except for the following: • trading assets and liabilities are measured at fair value; • derivative financial instruments are measured at fair value; • financial assets at fair value through profit or loss are measured at fair value; • investment securities at fair value through other comprehensive income (available-for-sale • liabilities and the assets recognized in consolidated statements of financial position in respect of defined benefit plans are the present value of the defined benefit obligation less the fair value of plan assets. Functional and presentation currency The consolidated financial statements are presented in Japanese yen, which is also the Company’s functional currency. All financial information presented in Japanese yen has been rounded to the nearest million, except as otherwise indicated. Critical accounting estimates and judgments The preparation of the consolidated financial statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in the process of applying the accounting policies. Actual results may differ from these estimates. The notes to the consolidated financial statements set out areas involving a higher degree of judgment or complexity, or areas where assumptions are significant to the consolidated financial statements, such as allowance for loan losses (Notes 10, 32), fair value of financial instruments (Note 43), impairment of goodwill (Note 14), provision for interest repayment (Note 20), retirement benefits (Note 23) and deferred tax assets (Note 22). Refer to Note 3 “Critical Accounting Estimates and Judgments” for further information. |
New and Amended Accounting Standards Adopted by the SMBC Group | New and Amended Accounting Standards Adopted by the SMBC Group During the fiscal year ended March 31, 2019, a number of amendments to standards have become effective; however, they have not resulted in any material changes to the SMBC Group’s accounting policies, except as described below. IFRS 15 “Revenue from Contracts with Customers” On April 1, 2018, the SMBC Group adopted IFRS 15 “Revenue from Contracts with Customers.” IFRS 15 replaces IAS 18 “Revenue,” IAS 11 “Construction Contracts,” IFRIC 13 “Customer Loyalty Programmes” and other related interpretations. IFRS 15 is applied to all contracts with customers except for leases, financial instruments and insurance contracts. The core principle of IFRS 15 is to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration (that is, payment) to which the entity expects to be entitled in exchange for those goods or services. IFRS 15 also requires enhanced disclosures about revenue, provides guidance for transactions that were not previously addressed comprehensively and improves guidance for multiple-element arrangements. IFRS 15 presents a single, principles-based five-step model that applies to all contracts with customers. IFRS 15 requires the SMBC Group to capitalize the incremental costs of obtaining a contract with a customer and the costs incurred in fulfilling a contract with a customer if the SMBC Group expects to recover those costs. The SMBC Group adopted the standard retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 15. For further information, see “Fee and commission income” in this note. IFRS 9 “Financial Instruments” On April 1, 2018, the SMBC Group adopted IFRS 9 “Financial Instruments,” which is the comprehensive standard to replace IAS 39 “Financial Instruments: Recognition and Measurement.” It contains the following new requirements for classification and measurement of financial assets and liabilities, impairment of financial assets and hedge accounting. The SMBC Group adopted the standard retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 9. Classification and measurement of financial assets IFRS 9 requires all financial assets, including entire hybrid instruments, to be classified into three measurement categories, namely, amortized cost, fair value through other comprehensive income (“FVOCI”) and fair value through profit or loss (“FVPL”), based on the business model within which they are held and their contractual cash flow characteristics. For further information, see “Financial Assets” in this note. Classification and measurement of financial liabilities IFRS 9 maintains most of the requirements in IAS 39 regarding the classification and measurement of financial liabilities. However, with the new requirements of IFRS 9, if an entity designates a financial liability as at fair value through profit or loss, the amount of change in its fair value that is attributable to changes in own credit risk of that liability would be presented in other comprehensive income, rather than profit or loss. The SMBC Group does not apply such fair value designation to any of its financial liabilities and therefore is not affected by the new requirement. For further information, see “Financial Liabilities” in this note. Impairment of financial assets IFRS 9 introduces the expected credit losses (“ECL”) model, which is a new model for the recognition of impairment losses, to replace the incurred loss model in IAS 39. The impairment requirements apply to financial assets measured at amortized cost, and debt instruments at FVOCI, lease receivables, certain loan commitments and financial guarantee contracts. Under the ECL model, an entity is required to account for expected credit losses from initial recognition of financial instruments, and to recognize, where necessary, full lifetime ECL on a timely basis. Under the ECL model impairment losses are recognized earlier than the incurred loss model. For further information, see “Impairment of Financial Assets” in this note. Hedge accounting IFRS 9 introduces a new hedge accounting model, together with corresponding disclosures about risk management activities. The standard aligns hedge accounting more closely with risk management activities and adopts a more principle-based approach than under IAS 39. The SMBC Group applies IFRS 9 hedge accounting, although IFRS 9 includes an accounting policy choice to continue with IAS 39 hedge accounting. For further information, see “Hedge Accounting” in this note and Note 7 “Derivative Financial Instruments and Hedge Accounting—Hedge accounting.” Effect of Adoption of New and Amended Accounting Standards The following table presents the effect of the adoption of IFRS 15 and IFRS 9 on the SMBC Group’s consolidated financial statements, showing separately the changes arising from reclassification and any associated remeasurement, and the impact of increased impairment. The SMBC Group adopted the standards retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 15 and IFRS 9. At March 31, 2018 Effect of adoption of Effect of adoption of IFRS 9 At April 1, 2018 Classification measurement/ Impairment (In millions) Assets: Cash and deposits with banks ¥ 54,696,069 ¥ — ¥ (50,597 ) ¥ — ¥ 54,645,472 Call loans and bills bought 1,881,880 — — — 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 8,491,703 — — — 8,491,703 Trading assets 3,169,123 — — — 3,169,123 Derivative financial instruments 3,885,271 — — — 3,885,271 Financial assets at fair value through profit or loss 1,547,672 — 1,562,703 — 3,110,375 Investment securities 20,495,075 — (1,347,917 ) — 19,147,158 Loans and advances 85,129,070 — (163,934 ) (159,944 ) 84,805,192 Investments in associates and joint ventures 730,414 — — — 730,414 Property, plant and equipment 1,510,132 — — — 1,510,132 Intangible assets 835,902 — — — 835,902 Other assets (1)(2) 4,043,908 21,662 (106,673 ) — 3,958,897 Current tax assets 87,961 — — — 87,961 Deferred tax assets 19,436 (423 ) — 179 19,192 Assets held for sale 5,651,950 — — (3,237 ) 5,648,713 Total assets ¥ 192,175,566 ¥ 21,239 ¥ (106,418 ) ¥ (163,002 ) ¥ 191,927,385 Liabilities: Deposits ¥ 128,461,527 ¥ — ¥ — ¥ — ¥ 128,461,527 Call money and bills sold 1,190,929 — — — 1,190,929 Repurchase agreements and cash collateral on securities lent 12,022,593 — — — 12,022,593 Trading liabilities 2,143,899 — — — 2,143,899 Derivative financial instruments 3,498,016 — — — 3,498,016 Borrowings 10,652,481 — — — 10,652,481 Debt securities in issue 10,569,117 — — — 10,569,117 Provisions 188,267 1,858 — 23,125 213,250 Other liabilities (2) 6,882,740 (1,858 ) (106,612 ) 25,021 6,799,291 Current tax liabilities 55,516 — — — 55,516 Deferred tax liabilities 397,741 6,405 59 (63,520 ) 340,685 Liabilities directly associated with the assets held for sale 3,616,941 — — — 3,616,941 Total liabilities 179,679,767 6,405 (106,553 ) (15,374 ) 179,564,245 Equity: Capital stock 2,338,743 — — — 2,338,743 Capital surplus 863,505 — — — 863,505 Retained earnings (3) 5,149,193 10,776 403,458 (143,820 ) 5,419,607 Treasury stock (12,493 ) — — — (12,493 ) Equity excluding other reserves 8,338,948 10,776 403,458 (143,820 ) 8,609,362 Other reserves (3) 2,324,349 — (403,323 ) — 1,921,026 Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. 10,663,297 10,776 135 (143,820 ) 10,530,388 Non-controlling 1,232,980 4,058 — (3,808 ) 1,233,230 Equity attributable to other equity instruments holders 599,522 — — — 599,522 Total equity 12,495,799 14,834 135 (147,628 ) 12,363,140 Total equity and liabilities ¥ 192,175,566 ¥ 21,239 ¥ (106,418 ) ¥ (163,002 ) ¥ 191,927,385 (1) Following the adoption of IFRS 15, certain costs of obtaining and fulfilling a contract with a credit card customer, previously recognized within “General and administrative expenses,” are capitalized as a cost to obtain asset and recognized within “Other assets.” Expense will be recognized as a result of the amortization of these capitalized costs over the expected life of the credit card. The impact of IFRS 15 adoption for the SMBC Group is not material. (2) Following the adoption of IFRS 9, certain receivables for future premiums and unearned revenue related to financial guarantees decreased by the same amount without any impact on total equity. (3) Impairment losses recognized under IAS 39 on equity instruments for which the SMBC Group made an irrevocable election at initial recognition to present subsequent changes in fair value in other comprehensive income under IFRS 9 were, in principle, reclassified from retained earnings to other reserves at April 1, 2018. However, of those impairment losses, the amounts above the threshold to qualify for a tax deduction in previous years were not reclassified from retained earnings to other reserves at April 1, 2018. IFRS 9 classification and measurement The following table provides an overview of the impact of the changes to total assets under classification and measurement of financial assets, and impairment. Classification under IAS 39 (1) Classification under IFRS 9 (1) At March 31, Classification Measurement At April 1, (In millions) Cash and deposits with banks (2) ¥ 54,696,069 ¥ (50,597 ) ¥ — ¥ 54,645,472 L&R AC 54,645,472 — — 54,645,472 L&R FVPL 45,824 (45,824 ) — — FVPL FVPL 4,773 (4,773 ) — — Call loans and bills bought L&R AC 1,881,880 — — 1,881,880 Reverse repurchase agreements and cash collateral on L&R AC 8,491,703 — — 8,491,703 Trading assets FVPL FVPL 3,169,123 — — 3,169,123 Derivative financial instruments FVPL FVPL 3,885,271 — — 3,885,271 Financial assets at fair value through profit or loss (2)(3)(4) 1,547,672 1,562,509 194 3,110,375 FVPL FVPL 1,547,672 10,530 — 1,558,202 L&R FVPL — 206,650 194 206,844 AFS FVPL — 1,345,329 — 1,345,329 Investment securities (2)(4)(5)(6) 20,495,075 (1,347,917 ) — 19,147,158 HTM AC 372,459 — — 372,459 AFS FVPL 1,345,329 (1,345,329 ) — — AFS FVOCI 18,774,699 — — 18,774,699 FVPL FVPL 2,588 (2,588 ) — — Loans and advances (2)(3) 85,129,070 (163,934 ) (159,944 ) 84,805,192 L&R AC 84,965,136 — (159,944 ) 84,805,192 L&R FVPL 160,765 (160,765 ) — — FVPL FVPL 3,169 (3,169 ) — — Other financial assets (7)(8) 3,598,642 (106,673 ) — 3,491,969 L&R AC 3,598,581 (106,612 ) — 3,491,969 L&R FVPL 61 (61 ) — — Financial assets included in (4)(6) 3,208,771 — (3,237 ) 3,205,534 L&R AC 3,098,196 — (3,237 ) 3,094,959 AFS FVOCI 69,884 — — 69,884 AFS FVPL 38,998 — — 38,998 FVPL FVPL 1,693 — — 1,693 (1) In “Classification under IAS 39,” FVPL, HTM, L&R and AFS represent fair value through profit or loss, held-to-maturity, available-for-sale, (2) Certain deposits with banks, loans and advances, and investment securities are hybrid instruments, which consist of host contracts and embedded derivatives. These host contracts were classified as L&R or AFS, while the embedded derivatives were separately accounted for and classified as FVPL, if certain criteria were met under IAS 39. These hybrid instruments are classified in their entirety as FVPL if they do not meet the conditions for solely payments of principal and interest (“SPPI”) under IFRS 9. The separated embedded derivatives were presented together with the host contracts in the consolidated statement of financial position under IAS 39. The entire hybrid instruments are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9. (3) Certain loans and advances which were classified as L&R under IAS 39 are classified as FVPL under IFRS 9 if they do not meet the conditions for SPPI or they are held within a business model whose objective is not to hold those assets to collect contractual cash flows, but to hold those assets for sale. Those loans and advances include subordinated loans and syndicated loans held for sale. They are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9. (4) Financial assets which do not meet the conditions for SPPI, such as investment funds, classified as AFS under IAS 39, are classified as FVPL under IFRS 9. They are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9, except for the financial assets held by Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) which are presented as “Assets held for sale” in the consolidated statement of financial position. (5) Certain debt instruments which were classified as AFS under IAS 39 are classified as FVOCI under IFRS 9 if they meet the conditions for SPPI and are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. Those debt instruments include Japanese government bonds and U.S. Treasury securities. (6) The SMBC Group made an irrevocable election at initial recognition for certain non-trading (7) “Other financial assets” consist of assets that meet the definition of financial assets but are not presented in any of the other line items. (8) Following the adoption of IFRS 9, certain receivables for future premiums and unearned revenue related to financial guarantees decreased by the same amount without any impact on total equity. IFRS 9 impairment The following table reconciles the closing impairment allowance for loans and receivables in accordance with IAS 39 and provisions for loan commitments and financial guarantee contracts in accordance with IAS 37 “Provisions, contingent liabilities and contingent assets” at March 31, 2018 to the opening ECL allowance determined in accordance with IFRS 9 at April 1, 2018. At March 31, 2018 Remeasurement At April 1, 2018 (4) (In millions) Loans and advances (1) ¥ 491,676 ¥ 159,944 ¥ 651,620 Loan commitments (2) 4,374 23,125 27,499 Financial guarantees (3) 1,498 25,021 26,519 (1) “Loans and advances” mainly includes allowances for loans and advances. It also includes allowance for undrawn components of loan commitments issued to retail customers for which cannot be separately identified from that for the drawn components, and that for other financial assets measured at amortized cost. (2) The ECL allowance is measured for loan commitments issued to wholesale customers. (3) “Financial guarantees” represents the amount of the provision or ECL allowance in excess of the unearned revenues related to financial guarantees. (4) The result of the ECL calculation for debt instruments at FVOCI at April 1, 2018 was not material. |
Consolidation | Consolidation Subsidiaries Subsidiaries are all entities controlled by the SMBC Group. The SMBC Group controls an entity when it is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The SMBC Group considers all facts and circumstances whether it controls an entity. Where the relevant activities are directed through voting or similar rights, the SMBC Group considers that it controls an entity if it has the existing rights that give it the current ability to direct the operating and financing policies of the entity, in general by having a shareholding of more than 50% of the voting rights. The existence and effect of potential voting rights that are deemed to be substantive are taken into account when assessing whether the SMBC Group controls another entity. Where the voting rights are not the dominant factor in deciding who controls the entity, the assessment of control is more complex and requires greater use of judgment. The SMBC Group assesses whether it controls an entity considering all facts and circumstances, such as the purpose and design of the entity, the relevant activities and how to make decisions about those activities. The SMBC Group also determines whether it is acting as an agent or a principal in assessing whether it has control of another entity. An agent is a party primarily engaged to act on behalf and for the benefit of another party or parties and therefore does not control the entity. To make such judgments, the SMBC Group considers the overall relationship, especially all of the following factors: the scope of its decision-making authority over the entity, the rights held by other parties, the remuneration to which it is entitled in accordance with the remuneration agreement, and its exposure to variability of returns from other interests that it holds in the entity. The SMBC Group reassesses whether it controls an entity if facts and circumstances indicate that there are changes to one or more of the elements of control. Subsidiaries are fully consolidated from the date on which the SMBC Group obtains control. They are deconsolidated from the date on which the SMBC Group loses control. The acquisition method is used to account for the business combinations including the acquisition of subsidiaries by the SMBC Group. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred, the liabilities incurred and the equity interests issued. Identifiable assets acquired and liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The SMBC Group’s previously held equity interest in the acquiree is remeasured at fair value at the acquisition date and any gain or loss is recognized in profit or loss. For each business combination, the SMBC Group measures any non-controlling non-controlling non-controlling non-controlling Inter-company transactions, balances and unrealized gains on transactions between the SMBC Group companies are eliminated on consolidation. Unrealized losses are also eliminated unless the transaction provides evidence of impairment of the asset transferred. The accounting policies of subsidiaries have been adjusted where necessary to ensure consistency with the accounting policies adopted by the SMBC Group. Non-controlling Changes in the SMBC Group’s ownership interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions. Interests in the equity of subsidiaries not attributable to the SMBC Group are reported in the consolidated statements of financial position as a separate component of equity as non-controlling non-controlling Associates and joint ventures An associate is an entity over which the SMBC Group has significant influence, but does not control the financial and operating policy decisions of the entity. Significant influence is generally presumed to exist when the SMBC Group holds 20% or more, but less than 50%, of the voting rights. Entities that are jointly controlled by more than one party, including the SMBC Group, may be determined to be a joint venture. The SMBC Group accounts for investments in associates and joint ventures using the equity method from the date on which they become associates or joint ventures. The SMBC Group discontinues the use of the equity method from the date on which the SMBC Group ceases to have significant influence or joint control over the investees. Under the equity method, the SMBC Group’s investments in associates and joint ventures are initially recognized at cost. The carrying amount of the investments are subsequently increased or decreased to recognize the SMBC Group’s share of the post-acquisition profit or loss of the associate or joint venture and other movements included directly in the equity of the associate or joint venture. The SMBC Group’s share of the results of associates and joint ventures is based on the financial statements of its associates and joint ventures, adjusted to conform with the accounting policies of the SMBC Group. Profits on transactions between the SMBC Group and its associates and joint ventures are eliminated to the extent of the SMBC Group’s interest in the associates or joint ventures. Losses are also eliminated to the extent of the SMBC Group’s interest in the associates or joint ventures unless the transaction provides evidence of impairment in the asset transferred. The carrying amounts of the investments in associates and joint ventures include goodwill (net of any accumulated impairment loss) arising on the acquisition of the interests in the entities. Because goodwill arising on the acquisition of the interest in an associate or joint venture is not separately recognized, it is not tested for impairment separately. Instead, the entire carrying amount of the investment in an associate or joint venture is tested for impairment as a single asset by comparing its recoverable amount, which is the higher of value in use and fair value less costs to sell, with its carrying amount, whenever there is any objective evidence that the investment is impaired. An impairment loss recognized in prior periods for the investment is reversed only if there has been a change in the estimates used to determine the recoverable amount of the investment since the last impairment loss was recognized. If this is the case, the carrying amount of the investment is increased to its recoverable amount. That increase is a reversal of an impairment loss. When the SMBC Group’s share of losses in an associate or joint venture exceeds the SMBC Group’s carrying amount of the investment, the SMBC Group does not recognize further losses, unless it has a binding obligation or has made payments on behalf of the entity. |
Segment Reporting | Segment Reporting The SMBC Group determines its operating segments based on the management approach, which requires operating segments to be identified on the basis of internal reports about components of the entity that are regularly reviewed by management, in order to allocate resources to a segment and to assess its performance. |
Foreign Currency Translation | Foreign Currency Translation Items included in the financial statements of each of the SMBC Group companies are measured using the currency of the primary economic environment in which the company operates (“the functional currency”). The consolidated financial statements are presented in Japanese yen, which is also the Company’s functional currency. Transactions and balances Foreign currency transactions that are denominated or settled in a foreign currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary items denominated in foreign currencies are translated using the exchange rate at the end of the reporting period. Foreign exchange gains and losses resulting from the retranslation and settlement of monetary items are recognized in the consolidated income statements. Non-monetary available-for-sale Non-monetary Foreign operations The assets and liabilities of foreign operations are translated into the presentation currency of the SMBC Group using the exchange rate at the end of the reporting period, and their income statements are translated using the exchange rates at the dates of the transactions or average exchange rates where these approximate to actual rates. The exchange differences arising on the translation of a foreign operation are included in other comprehensive income within equity and subsequently included in profit or loss on the disposal or partial disposal of the operation. |
Financial Assets | Financial Assets Regular way purchases and sales of financial assets are recognized and derecognized on the trade date—the date on which the SMBC Group commits to purchase or sell the assets. Financial assets are derecognized when the contractual rights to receive cash flows from the financial assets have expired or where the SMBC Group has transferred substantially all the risks and rewards of ownership of the financial assets at a consolidated level. The SMBC Group consolidates all subsidiaries in accordance with IFRS 10 “Consolidated Financial Statements” before determining derecognition of financial assets. Accounting policies applied from April 1, 2018 IFRS 9 requires all financial assets, including entire hybrid instruments, to be classified into three measurement categories, namely, amortized cost, fair value through other comprehensive income (“FVOCI”) and fair value through profit or loss (“FVPL”), based on the business model within which they are held and their contractual cash flow characteristics. The SMBC Group has assessed the business models based on facts and circumstances at a portfolio level. Factors that are considered in determining the business model include policies and objectives for the relevant portfolio, how the performance and risks of the portfolio are managed, evaluated and reported to management, and the level of sales activity. The SMBC Group has assessed the contractual cash flow characteristics of financial assets with reference to whether the contractual cash flows are solely payments of principal and interest (“SPPI”). Principal is defined as the fair value of the financial asset at initial recognition but it may change over the life of the financial asset as amounts are repaid. Interest is defined as consideration for the time value of money and the credit risk associated with the principal amount outstanding during a particular period of time. It can also include consideration for other basic lending risks such as liquidity risk and costs such as administrative costs associated with holding the financial asset for a particular period of time, as well as a profit margin. In assessing whether the contractual cash flows meet the conditions for SPPI, the SMBC Group considers the contractual terms of the financial asset. This includes assessing whether the financial asset contains a contractual term that could change the contractual cash flows so that it would not meet the conditions for SPPI, including leverage features, contingent events that would change the amount or timing of cash flows, contractual terms that limit the SMBC Group’s claim to cash flows from specified assets, and features that modify consideration of the time value of money. Financial assets measured at amortized cost Financial assets are measured at amortized cost if they are held within a business model whose objective is to hold the assets in order to collect contractual cash flows, and their contractual cash flows are SPPI. These financial assets are mainly included in “Loans and advances” and also in “Investment securities” in the consolidated statements of financial position. They are initially recognized at fair value plus transaction costs that are directly attributable to the acquisition of the financial assets, and are subsequently measured at amortized cost using the effective interest method. Interest income on these financial assets using the effective interest method is recognized in “Net interest income” in the consolidated income statements. Financial assets measured at fair value through other comprehensive income Financial assets are measured at FVOCI if they are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and their contractual cash flows are SPPI. Financial assets measured at FVOCI are included in “Investment securities” in the consolidated statements of financial position. They are initially recognized at fair value plus transaction costs that are directly attributable to the acquisition of the financial assets, and are subsequently measured at fair value. Gains and losses arising from changes in the fair value of these financial assets are recognized in other comprehensive income, until they are derecognized. At the time of derecognition, the cumulative gains or losses previously recognized in other comprehensive income are reclassified to profit or loss and are recognized in “Net investment income” in the consolidated income statements. Interest income calculated using the effective interest method, foreign currency gains and losses, and impairment gains and losses are recognized in “Net interest income,” “Net trading income” and “Impairment charges on financial assets” in the consolidated income statements, respectively. In addition, the SMBC Group makes an irrevocable election at initial recognition, for particular non-trading Financial assets measured at fair value through profit or loss Any financial assets that do not meet the criteria of amortized cost or FVOCI are classified as FVPL, unless the SMBC Group makes an irrevocable election for non-trading Financial assets are classified as held for trading and are included in “Trading assets” in the consolidated statements of financial position, if they are acquired principally for the purpose of selling in the near term or if they are part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Derivatives which are not designated as hedging instruments are classified as held for trading, and all derivatives are included in “Derivative financial instruments” in the consolidated statements of financial position. All derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Financial assets mandatorily measured at FVPL, other than those held for trading and derivatives, are included in “Financial assets at fair value through profit or loss” in the consolidated statements of financial position. The financial assets mentioned above are initially recognized at fair value with transaction costs being recognized in profit or loss, and are subsequently measured at fair value. Gains and losses arising from changes in the fair values of trading assets and derivatives held for trading, and interest and dividend income on trading assets are included in “Net trading income” in the consolidated income statements. Gains or losses arising from financial assets mandatorily measured at FVPL are included in “Net income (loss) from financial assets at fair value through profit or loss” in the consolidated income statements. Additionally, financial assets measured at amortized cost or FVOCI can be designated at initial recognition to be measured at FVPL in order to eliminate or significantly reduce a measurement or recognition inconsistency. The SMBC Group does not make this designation. Accounting policies applied until March 31, 2018 At initial recognition, the financial assets of the SMBC Group were classified into one of the following categories: trading assets, derivative financial instruments, financial assets at fair value through profit or loss, loans and receivables, held-to-maturity available-for-sale Trading assets Financial assets were classified as held for trading and were included in “Trading assets” in the consolidated statements of financial position, if they were acquired principally for the purpose of selling in the near term or if they were part of a portfolio of identified financial instruments that were managed together and for which there was evidence of a recent actual pattern of short-term profit-taking. Trading assets were initially recognized at fair value with transaction costs being recognized in the consolidated income statements, and were subsequently measured at fair value. Gains and losses arising from changes in the fair values of trading assets and net interest and dividend income on trading assets were included in “Net trading income” in the consolidated income statements. Derivative financial instruments Derivatives which were not designated as hedging instruments were classified as held for trading, and all derivatives were included in “Derivative financial instruments” in the consolidated statements of financial position. All derivatives were carried as assets when the fair value was positive and as liabilities when the fair value was negative. Derivatives were initially recognized at fair value with transaction costs being recognized in the consolidated income statements, and were subsequently measured at fair value. Gains and losses arising from changes in the fair values of derivatives held for trading, except for gains and losses on hedging instruments were included in “Net trading income” in the consolidated income statements. The derivative component of a hybrid instrument containing both a derivative and non-derivative Financial assets at fair value through profit or loss Financial assets, other than those held for trading, were classified as financial assets at fair value through profit or loss and were included in “Financial assets at fair value through profit or loss” in the consolidated statements of financial position, if they met one of the following criteria, and were so designated by management: • the designation eliminated or significantly reduced a measurement or recognition inconsistency; • a group of financial assets was managed and its performance was evaluated on a fair value basis in accordance with a documented risk management or investment strategy; or • the instrument contained one or more embedded derivatives unless (a) the embedded derivative did not significantly modify the cash flows that otherwise would have been required by the contract or (b) it was clear with little or no analysis that separation was prohibited. In addition, the SMBC Group classified the entire hybrid instrument at fair value through profit or loss when the SMBC Group was required to separate an embedded derivative from its host contract, but was unable to measure the embedded derivative separately either at acquisition or at the end of a subsequent reporting period. Financial assets at fair value through profit or loss were initially recognized at fair value with transaction costs being recognized in the consolidated income statements, and were subsequently measured at fair value. Gains and losses arising from changes in the fair value of such financial assets were included in “Net income (loss) from financial assets at fair value through profit or loss” in the consolidated income statements. Loans and receivables Loans and receivables were non-derivative • those that the SMBC Group intended to sell immediately or in the near term, which were classified as held for trading, and those that the SMBC Group upon initial recognition designated as at fair value through profit or loss; • those that the SMBC Group upon initial recognition classified as available-for-sale; • those for which the SMBC Group might not recover substantially all of its initial investment, other than because of credit deterioration. The financial assets classified as loans and receivables were mainly included in “Loans and advances” in the consolidated statements of financial position. Loans and receivables were initially recognized at fair value plus directly attributable transaction costs, and were subsequently measured at amortized cost using the effective interest method. Held-to-maturity Held-to-maturity non-derivative held-to-maturity available-for-sale Held-to-maturity Available-for-sale Available-for-sale non-derivative available-for-sale Available-for-sale Gains and losses arising from changes in the fair value of available-for-sale available-for-sale available-for-sale |
Financial Liabilities | Financial Liabilities Financial liabilities, except for financial liabilities measured at fair value through profit or loss, are mainly included in “Deposits,” “Borrowings,” and “Debt securities in issue” in the consolidated statements of financial position. They are initially recognized at fair value, net of transaction costs that are directly attributable to the issue of the financial liabilities, and are subsequently measured at amortized cost using the effective interest method. Interest expense on these financial liabilities measured at amortized cost using the effective interest method is recognized in “Net interest income” in the consolidated income statements. Financial liabilities measured at fair value through profit or loss consist of financial liabilities held for trading and derivatives whose fair values are negative. Financial liabilities are classified as held for trading if they are incurred principally for the purpose of repurchasing in the near term or if they are part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Financial liabilities held for trading are included in “Trading liabilities” in the consolidated statements of financial position. Trading liabilities are initially recognized at fair value with transaction costs being recognized in profit or loss, and are subsequently measured at fair value. Gains and losses arising from changes in the fair values of trading liabilities and interest expense on trading liabilities are included in “Net trading income” in the consolidated income statements. For derivatives other than the component of hybrid instrument, refer to “Financial assets measured at fair value through profit or loss” in the section “Financial Assets—Accounting policies applied from April 1, 2018.” The derivative component of a hybrid instrument containing both a derivative and non-derivative Following the adoption of IFRS 9 from April 1, 2018, if a financial liability is designated as at fair value through profit or loss, the amount of change in its fair value that is attributable to changes in own credit risk of that liability would be presented in other comprehensive income, rather than profit or loss. The SMBC Group does not make this designation. Financial liabilities are derecognized when they have been redeemed or otherwise extinguished. |
Hedge Accounting | Hedge Accounting The SMBC Group applies fair value hedge accounting started from the fiscal year ended March 31, 2019 and hedge accounting of net investments in foreign operations, in order to reflect the effect of risk management activities on its consolidated financial statements to mitigate the risk of changes in fair values of certain equity instruments elected to be measured at FVOCI and the foreign currency risk of exchange differences arising from the translation of net investments in foreign operations, respectively. For further information about hedge accounting, see Note 7 “Derivative Financial Instruments and Hedge Accounting—Hedge accounting.” Fair value hedges The SMBC Group designates equity derivatives as hedging instruments. Both the effective portion and ineffective portion of changes in the fair value of the hedging instruments are recognized in other comprehensive income, and amounts presented in other comprehensive income are not subsequently transferred to profit or loss. Hedges of net investments in foreign operations The SMBC Group designates currency derivatives and foreign currency denominated financial liabilities as hedging instruments. The effective portion of the gain or loss on the hedging instruments is recognized in other comprehensive income, whereas the ineffective portion of the gain or loss on the hedging instruments is recognized in “Net trading income” in the consolidated income statements. The cumulative gain or loss recognized in other comprehensive income is reclassified to profit or loss on the disposal or partial disposal of foreign operations. |
Offsetting Financial Instruments | Offsetting Financial Instruments Financial assets and liabilities are offset and the net amount is reported in the consolidated statements of financial position, only if the SMBC Group currently has a legally enforceable right to set off the recognized amounts and intends to settle on a net basis or to realize the asset and settle the liability simultaneously. In all other situations, they are presented on a gross basis. |
Fair Value Measurement | Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining the fair value, the SMBC Group gives the highest priority to a quoted price in an active market for identical assets or liabilities. A market is regarded as active if transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. If there is no active market for the asset or liability, the SMBC Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure the fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. In cases where the SMBC Group manages a group of financial assets and financial liabilities on the basis of its net credit risk exposure, the fair value of the group of financial assets and financial liabilities is measured on the basis of the price that would be received to sell a net long position (i.e., an asset) or paid to transfer a net short position (i.e., a liability) for the credit risk exposure provided that certain criteria set forth in IFRS 13 “Fair Value Measurement” are met. Details of fair value measurement are described in Note 43 “Fair Value of Financial Assets and Liabilities.” |
Recognition of Deferred Day One Profit and Loss | Recognition of Deferred Day One Profit and Loss The best evidence of the fair value of a financial instrument at initial recognition is normally the transaction price (i.e., the fair value of the consideration given or received). However, if the fair value at initial recognition is not evidenced by a quoted price in an active market for an identical asset or liability nor based on a valuation technique that uses only data from observable markets, the difference between the fair value at initial recognition and the transaction price, commonly referred to as “day one profit and loss,” is not recognized as a gain or loss but is adjusted to be deferred. The SMBC Group has certain financial instruments, such as derivatives, hybrid financial instruments and certain loans and advances classified as FVPL where fair value is determined using valuation techniques for which not all inputs are observable in a market. Such a financial instrument is initially recognized at the transaction price which may be different from the fair value, and the day one profit and loss is not recognized as a gain or loss. The timing of recognition of the deferred day one profit and loss is determined on an instrument by instrument basis. It is either amortized over the life of the transaction, deferred until fair value of the instrument can be determined using data from observable markets, or realized through settlement of the instrument. |
Repurchase and Reverse Repurchase Agreements, and Securities Borrowing and Lending Agreements | Repurchase and Reverse Repurchase Agreements, and Securities Borrowing and Lending Agreements In the ordinary course of business, the SMBC Group lends or sells securities under agreements to repurchase them at a predetermined price on a future date (“repos”). Since substantially all the risks and rewards of ownership are retained by the SMBC Group, the securities remain on the consolidated statements of financial position and a liability is recorded in respect of the consideration received. On the other hand, the SMBC Group borrows or purchases securities under agreements to resell them at a predetermined price on a future date (“reverse repos”). Since the SMBC Group does not retain the risks and rewards of ownership of the financial assets, these transactions are treated as collateralized loans and the securities are not included in the consolidated statements of financial position. The SMBC Group measures repos and reverse repos at amortized cost. The difference between the sale and purchase price is accrued over the life of the transactions. Securities lent to counterparties remain on the consolidated statements of financial position. Securities borrowed are not recognized in the consolidated statements of financial position, unless these are sold to third parties, at which point the obligation to repurchase the securities is measured at fair value and included in “Trading liabilities” in the consolidated statements of financial position and any subsequent gain or loss is included in “Net trading income” in the consolidated income statements. For the fiscal years ended March 31, 2019 and 2018, there were no transactions pursuant to repurchase agreements, securities lending transactions or other transactions involving the transfer of financial assets with an obligation to repurchase such transferred assets that were treated as sales and hence derecognized for accounting purposes. |
Impairment of Financial Assets | Impairment of Financial Assets Accounting policies applied from April 1, 2018 IFRS 9 introduces the ECL model for the recognition of impairment losses. The ECL model applies to financial assets measured at amortized cost, and debt instruments at FVOCI, lease receivables, certain loan commitments and financial guarantee contracts. Under the ECL model, an entity is required to account for expected credit losses from initial recognition of financial instruments and to recognize full lifetime expected losses on a timely basis. Determining significant increase in credit risk At each reporting date, credit risk on a financial asset is assessed and a loss allowance is measured at an amount equal to the ECL resulting from default events that are possible within the next 12 months, if the credit risk has not increased significantly since initial recognition (“Stage 1”). A loss allowance is measured at an amount equal to the ECL resulting from all possible default events over the expected life of the financial assets which are assessed to have experienced a significant increase in credit risk since initial recognition (“Stage 2”) or the credit-impaired financial assets (“Stage 3”). The expected life of a financial asset is the maximum contractual period over which it is exposed to credit risk. However, for certain revolving facilities including both a loan and an undrawn component, such as retail overdrafts and credit card facilities, the contractual ability to demand repayment and cancel the undrawn commitment does not limit the exposure to credit losses to the contractual notice period. The expected life of these revolving facilities is derived from the behavioral life calculated based on historical data. Assessments on significant increases in credit risk are performed on an individual financial asset basis. The SMBC Group performs ECL recognition and measurement on a collective basis or an individual basis using reasonable and supportable information that is available without undue cost or effort, such as asset type, credit risk ratings, collateral collectability, past-due The SMBC Group determines whether there has been a significant increase in credit risk by comparing the risk of a default occurring on a financial instrument at the reporting date with that at the date of initial recognition, based on quantitative and qualitative assessments. As for the quantitative assessment, the SMBC Group measures increase of probability of default (“PD”) since initial recognition. If an obligor gets downgraded to a certain degree which reflects an increase of PD exceeding the threshold defined, a significant increase in credit risk is recognized. For example, origination obligor grade getting down by one to four grades is taken as a significant increase in credit risk where PD has increased since initial recognition. Numbers of obligor grade deterioration taken to identify significant increase in credit risk depend on credit quality at origination. The origination obligor grade with lower credit rating takes less downgrades to identify significant increase in credit risk than those with higher credit rating, due to the difference in increase of PD. Refer to Note 45 “Financial Risk Management” for information on obligor grading system of SMBC. As for the qualitative assessment, the SMBC Group evaluates credit risk characteristics of financial assets in accordance with the SMBC Group’s credit risk management practices. For example, certain financial assets that meet high credit risk criteria are transferred to Stage 2 from Stage 1. Moreover, financial assets whose principal and/or interest payments are more than 30 days past due are transferred to Stage 2. If there is no longer any observation of a significant increase in credit risk, the financial instrument will be transferred to Stage 1. Determining credit-impaired financial assets A financial asset is credit-impaired and classified to Stage 3 when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. The criteria that the SMBC Group uses to determine that a financial asset is credit-impaired include: • significant financial difficulty of an issuer or an borrower; • a default or delinquency as more than 90 days past due in interest or principal payments; • restructuring of a financial asset by the SMBC Group due to the borrower’s financial difficulties; • indications that a borrower or issuer will enter bankruptcy; and • the disappearance of an active market for that financial asset because of the borrower’s financial difficulties. If a financial asset is no longer credit-impaired, it will be transferred to Stage 2 or Stage 1. The definition of default used for ECL recognition and measurement is consistent with that used for the SMBC Group’s internal credit risk management purposes. The SMBC Group manages credit risk with an internal credit rating system, which is consisted of the borrower categories to substandard borrowers, potentially bankrupt borrowers, effectively bankrupt borrowers, and bankrupt borrowers defined as default for ECL application (see Note 45 “Financial Risk Management”). Purchased or originated credit-impaired financial assets (“POCI”) are financial assets considered credit-impaired at the time of initial recognition. They are measured at fair value on initial recognition and therefore no credit loss allowance is initially recognized. Subsequently, lifetime expected credit losses for POCI are measured as the difference between the financial asset’s amortized cost and the present value of future cash flows discounted at the financial asset’s credit-adjusted effective interest rate determined at initial recognition. Moreover, changes in lifetime expected credit losses are recognized as impairment charges. Measurement of Expected Credit Losses The SMBC Group measures ECL of a financial asset in a way that reflect an unbiased and probability-weighted amount, the time value of money, and reasonable and supportable information that is available at the reporting date about past events, current conditions and forecasts of future economic conditions. The ECL models have been built by leveraging the PD, loss given default (“LGD”) and exposure at default (“EAD”) used in the Basel III regulatory framework, for instance by adjusting certain conservative factors in those PDs and LGDs. For financial assets at Stage 1 and Stage 2, the SMBC Group uses the 12-month 12-month The DCF method is used to measure the ECL, which is the difference between the financial asset’s carrying amount and the present value of estimated future cash flows discounted at the financial asset’s original effective interest rate. If financial assets have a variable interest rate, the discount rate for measuring any impairment loss is the effective interest rate determined under the contract, for the current period. The estimated future cash flows are individually calculated taking into account factors including historical loss information, the appropriateness of the borrower’s business plan or operational improvement plan, the status of progress of its plan, the overall support from financial institutions, and the realizable value of any collateral held. The SMBC Group incorporates forward looking information into the ECL measurement by obligor grading, macroeconomics factors and additional ECL adjustment if any. Obligor-specific forward-looking information is reflected in the obligor grade as a qualitative assessment. Refer to Note 45 “Financial Risk Management” for information on obligor grading system of the SMBC Group. To incorporate forward-looking information into the ECL models, the SMBC Group introduces an approach based on multiple scenarios. In this approach, three scenarios (base, upside and downside scenarios) are modelled to ensure an unbiased ECL calculation. Information considered in the development of the base scenario is aligned with information used for strategic planning, budgeting and risk management of the SMBC Group, and includes not only internal information but external information including economic data and forecasts publicly provided by Japanese governmental bodies, research institutes of the private-sector and international organizations conducting economic analysis and projections. The downside scenario is the adverse scenario and based on the stressed business environments such as serious economic recession and financial market disruption. Both the downside scenario and the upside scenario, which is the favorable scenario, are developed based on the premises of the base scenario and the past macroeconomic experiences. The SMBC Group has lower weights for the downside scenario and the upside scenario compared with the base scenario. Furthermore, additional ECL adjustment is applied in cases where known or expected risk factors or information have not been specifically considered in the ECL model and thus the ECL does not fully reflect current circumstances, events or conditions at relevant portfolio level. The SMBC Group has identified the key macroeconomic drivers impacting on credit risks and losses in each major portfolio of financial assets and has estimated relationships between those key drivers and credit risks and losses using an analysis of historical data. For domestic and foreign loans to wholesale customers, the key drivers for credit risks and losses are the Japanese and global gross domestic product (“GDP”). For domestic loans to retail customers, the Japanese unemployment rate is applied as the key driver. Outcomes of the analysis are incorporated into PD for ECL recognition and measurement in a probability-weighted way. ECLs are recognized through loss allowance accounts. Changes in the carrying amount of the loss allowance accounts are recognized as an impairment gain or loss and included in “Impairment charges on financial assets” in the consolidated income statement. If a financial asset is determined to be uncollectible, it is written off against the related allowance for loan impairment. Uncollectible financial assets are normally written off when there is no reasonable expectation of further recovery after any collateral is foreclosed and the amount of the loss has been determined. Those assets primarily include loans to borrowers that have been legally or formally declared bankrupt and borrowers that may not have been legally or formally declared bankrupt but are essentially bankrupt. If contractual terms of a loan have been modified, it is required to recalculate the gross carrying amount of that loan and recognize a modification gain or loss in profit or loss. Moreover, it is required to assess whether there has been a significant increase since initial recognition and the SMBC Group conducts analysis to monitor the change in credit risk subsequent to modification. However, if the new contractual terms are considered substantially different from the existing contractual terms, a new loan will be recognized at fair value and the existing loan will be derecognized. Accounting policies applied until March 31, 2018 Loans and advances and held-to-maturity At the end of each reporting period, the SMBC Group assessed whether there was any objective evidence that a financial asset or a group of financial assets was impaired. A financial asset or a group of financial assets was impaired and impairment losses were incurred only if there was objective evidence of impairment as a result of one or more events that had occurred after the initial recognition of the asset (a “loss event”) and that loss event (or events) had an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. The criteria that the SMBC Group used to determine that there was objective evidence of an impairment loss included: • significant financial difficulty of an issuer or an obligor; • a default or delinquency in interest or principal payments; • restructuring of a financial asset by the SMBC Group due to the borrower’s financial difficulties on terms that the SMBC Group would have not otherwise considered; • indications that a borrower or issuer would enter bankruptcy; • disappearance of an active market for a security because of the borrower’s financial difficulties; and • other observable data relating to a group of assets, such as adverse changes in the payment status of borrowers or issuers in the group, or national or local economic conditions that correlated with defaults in the group. The SMBC Group first assessed whether objective evidence of impairment existed individually for financial assets that were individually significant, and individually or collectively for financial assets that were not individually significant. If the SMBC Group determined that no objective evidence of impairment existed for an individually assessed financial asset, whether significant or not, it included the asset in a group of financial assets with similar credit risk characteristics and collectively assessed them for impairment. Assets that were individually assessed for impairment and for which an impairment loss was or continued to be recognized were not included in the collective assessment of impairment. The allowance for individually significant impaired financial assets was measured by DCF method, which was used to calculate the difference between the financial asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that had not been incurred) discounted at the financial asset’s original effective interest rate. If financial assets had a variable interest rate, the discount rate for measuring any impairment loss was the effective interest rate determined under the contract, for the current period. The estimated future cash flows were individually calculated taking into account factors including historical loss information, the appropriateness of the borrower’s business plan or operational improvement plan, the status of progress of its plan, the overall support from financial institutions, and the realizable value of any collateral held. The collective allowance for financial assets was classified into two types: (1) the allowance for impaired financial assets that were not individually significant, and (2) the allowance for non-impaired one-year past-due The carrying amount of the asset was reduced by the impairment loss either directly or through the use of an allowance account. Changes in the carrying amount of the allowance account were recognized in the consolidated income statement. If, in a subsequent period, the amount of the impairment loss decreased and the decrease could be related objectively to an event occurring after the impairment had been recognized (such as an improvement in the debtor’s credit rating), the previously recognized impairment loss was reversed by adjusting the allowance account. The amount of the reversal was recognized in “Impairment charges on financial assets” in the consolidated income statement. If a financial asset was determined to be uncollectible, it was written off against the related allowance account. Uncollectible financial assets were normally written off when there was no reasonable expectation of further recovery after any collateral was foreclosed and the amount of the loss had been determined. Those assets primarily included loans to borrowers that had been legally or formally declared bankrupt and borrowers that might not have been legally or formally declared bankrupt but were essentially bankrupt. Loans and advances that would have otherwise been past due or impaired, but whose terms had been renegotiated without providing any financial concessions, were not classified as impaired loans and advances as the terms of the renegotiated loans and advances did not result in a decrease in the net present value of the loan discounted at its original effective interest rate. A collective allowance was estimated for these loans and advances by including them in homogenous groups on the basis of applying the SMBC Group’s grading process, taking into account the renegotiation and their consequent higher risk status. These loans and advances were continually assessed for impairment until maturity or derecognition. In addition, provisions for loan commitments were calculated where it was probable that the SMBC Group would incur a loss and recognized in other provisions. Available-for-sale At the end of each reporting period, the SMBC Group assessed whether there was objective evidence that a financial asset or a group of financial assets was impaired. In the case of equity instruments classified as available-for-sale, available-for-sale, held-to-maturity available-for-sale Impairment losses recognized in the consolidated income statement on equity instruments classified as available-for-sale available-for-sale, |
Property, Plant and Equipment | Property, Plant and Equipment All property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Additions and subsequent expenditures are capitalized only to the extent that they enhance the future economic benefits expected to be derived from the assets. Repairs and maintenance costs are expensed as incurred. Land is not depreciated. Depreciation of other assets is calculated using the straight-line method to allocate their cost to their residual values over their estimated useful lives, as follows: • Buildings: 7–50 years; • Leased assets: the shorter of the lease term and the estimated useful life, which is generally 5–20 years; and • Assets for rent (including assets for aircraft leasing business) and others: 2–40 years. The residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount. These are included in “Other income” and “Other expenses” in the consolidated income statements. |
Intangible Assets | Intangible Assets Goodwill Goodwill represents the excess of the aggregate of the consideration transferred, the amount of any non-controlling Software Purchased software is carried at cost less accumulated amortization and accumulated impairment losses, if any. Expenditure on internally generated software is recognized as an asset if the SMBC Group can demonstrate its intention and ability to complete the development and use the software in a manner that will generate future economic benefits and it can reliably measure the costs to complete the development. Internally generated software is carried at capitalized cost less accumulated amortization and accumulated impairment losses, if any. Costs associated with maintaining software are expensed as incurred. Software is amortized using the straight-line method over the estimated useful life, which is generally 5 to 10 years. Contractual customer relationships and trademarks Contractual customer relationships and trademarks acquired in a business combination are recognized at fair value at the acquisition date. Contractual customer relationships and trademarks are carried at cost less accumulated amortization or impairment losses, if any. Contractual customer relationships and trademarks are amortized using the straight-line method over their estimated useful lives, which are generally 10 to 20 years. Other intangible assets Other intangible assets primarily consist of leasehold rights. They are recognized only when the SMBC Group legally obtains the rights and can reliably measure the fair value. Leasehold rights have an indefinite useful life and they are not amortized but are tested for impairment annually. |
Impairment of Non-Financial Assets | Impairment of Non-Financial Non-financial For the purposes of conducting impairment reviews, assets are grouped into cash-generating units to which the assets belong. Non-financial |
Assets Held for Sale | Assets Held for Sale Non-current |
Leases | Leases As lessee A lease agreement in which the lessor does not transfer to the lessee substantially all the risks and rewards of ownership of assets is classified as an operating lease. The leases entered into by the SMBC Group as a lessee are primarily operating leases. Operating lease payments, net of lease incentives received from the lessor, are recognized in the consolidated income statements on a straight-line basis over the lease term. A lease agreement in which the lessor transfers to the lessee substantially all the risks and rewards of ownership of assets, with or without ultimate legal title, is classified as a finance lease. For finance leases, the SMBC Group initially recognizes the leased asset at the lower of the fair value of the asset or the present value of the minimum lease payments. Subsequent to initial recognition, assets are accounted for in accordance with the accounting policy applicable to those assets. The corresponding liability to the lessor is recognized as a lease obligation within “Borrowings” in the consolidated statements of financial position. Interest expense is recognized over the term of the lease based on the interest rate implicit in the lease so as to give a constant rate of interest on the remaining balance of the liability. As lessor When the SMBC Group acts as a lessor in an operating lease, the assets for rent are included in “Property, plant and equipment” in the consolidated statements of financial position and are depreciated over their expected useful lives on a basis consistent with similar assets in property, plant and equipment. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term and included in “Other income” in the consolidated income statements. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased assets and recognized as an expense on a straight-line basis over the lease term. When the SMBC Group is a lessor in a finance lease, the leased assets are derecognized and the present value of the future lease payments is recognized as a lease receivable within “Loans and advances” in the consolidated statements of financial position. The difference between the gross receivables, i.e., undiscounted future cash flows, and the present value of the receivables is recognized as unearned finance income. Finance income is recognized over the lease term based on a pattern reflecting a constant periodic rate of return on the net investment in the finance lease. Sale and leaseback For sale and leaseback transactions leading to an operating lease, and the transaction took place at fair value, any profit or loss is recognized immediately. If the sale price is at or below fair value, any profit or loss is recognized immediately. However, if the loss is compensated for by future rentals at a below market price, the loss is deferred and amortized over the period that the asset is expected to be used. If the sale price is above fair value, any profit is deferred and amortized over the useful life of the asset. If the fair value of the asset is less than the carrying value of the asset at the date of transaction, that difference is recognized immediately as a loss on the sale. |
Cash and Cash Equivalents | Cash and Cash Equivalents For the purposes of the consolidated statements of cash flows, cash and cash equivalents include cash on hand, demand deposits, and other short-term highly liquid financial assets with original maturities of three months or less, which are subject to insignificant risk of changes in their fair value. |
Provisions | Provisions A provision is recognized if, as a result of a past event, the SMBC Group has a present legal or constructive obligation that can be estimated reliably and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax |
Financial Guarantee Contracts | Financial Guarantee Contracts Financial guarantee contracts are contracts that require the issuer to make specified payments to reimburse the holder for a loss it incurs when a specified debtor fails to make payments due in accordance with the original or modified terms of a debt instrument. Such financial guarantees are given to banks, financial institutions and other bodies on behalf of customers to secure loans, overdrafts and other banking facilities. Financial guarantees are initially recognized at fair value on the date the guarantee is given. Accounting policies applied from April 1, 2018 Financial guarantees are subsequently measured at the higher of the loss allowance and the amount initially recognized less the cumulative income recognized at the reporting date, and is included in “Other liabilities” in the consolidated statements of financial position. Any change in the loss allowance relating to financial guarantee contracts is included in “Impairment charges on financial assets” in the consolidated income statements. Accounting policies applied until March 31, 2018 Financial guarantees were subsequently measured at the higher of the initial measurement, less amortization calculated to recognize in the consolidated income statements the fee income earned over the guarantee period, and the best estimate of the expenditure required to settle any financial obligation arising at the end of the reporting period. Any increase in the liability relating to financial guarantee contracts was included in “Other expenses” in the consolidated income statements. |
Employee Benefits | Employee Benefits The SMBC Group operates various retirement benefit plans and other employee benefit plans. Retirement benefits The SMBC Group has defined benefit plans, such as defined benefit pension plans and lump-sum Defined benefit plans The liabilities and the assets recognized in the consolidated statements of financial position in respect of defined benefit plans are the present value of the defined benefit obligation less the fair value of plan assets. The present value of the defined benefit obligation is calculated annually by qualified actuaries. In calculating the present value of the defined benefit obligations, the related current service cost, and past service cost, the SMBC Group attributes the retirement benefits to years of service under the benefit formula. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using market yields of AA credit-rated corporate bonds that have terms to maturity approximating those of the related obligations. In cases where there is no deep market in corporate bonds with a sufficiently long maturity to match the estimated maturity of the benefit payments, the SMBC Group uses current market rates of the appropriate term to discount shorter term payments and estimates the discount rates for longer maturities by extrapolating current market rates along the yield curve. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions in the year, and return on plan assets excluding interest income are recognized in other comprehensive income and are never reclassified to profit or loss. Past service costs are recognized immediately in the consolidated income statements. When the calculations above result in a benefit to the SMBC Group, the recognized asset is limited to the present value of any economic benefits available in the form of any refunds from the plan or reductions in future contributions to the plan. An economic benefit is available to the SMBC Group if it is realizable during the life of the plan or on settlement of the plan obligations. Defined contribution plans Contributions to defined contribution plans are recognized as an expense in the consolidated income statements when they are due. Other long-term employee benefits The SMBC Group’s net obligation with respect to long-term employee benefits other than retirement benefits is the amount of future benefit that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value and the fair value of any related assets is deducted. The discount rates are market yields of AA credit-rated corporate bonds that have terms to maturity approximating those of the related obligations. The calculation of obligations is performed using the projected unit credit method. Any actuarial gains or losses and past service costs are recognized in the consolidated income statements in the period in which they arise. Short-term employee benefits Short-term employee benefits, such as salaries, paid absences and other benefits are accounted for on an accrual basis over the period in which employees have provided services. Bonuses are recognized to the extent that the SMBC Group has a present obligation to its employees that can be measured reliably. |
Income Tax | Income Tax Income tax expense comprises current and deferred taxes. Income tax expense is recognized in the consolidated income statements except for that related to items recognized directly in equity. In such case, the income tax expense is recognized in equity. Current tax is the expected tax payable or receivable on the taxable profit or loss for the fiscal year. Deferred taxes are recognized, using the balance sheet liability method, for temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred taxes are determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred tax assets are realized or the deferred tax liabilities are settled. Deferred tax assets principally arise from tax losses carried forward, impairment of investment securities and loans, and the allowance for loan losses. Deferred taxes are not recognized for the following temporary differences: (a) the initial recognition of goodwill; (b) the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and (c) the temporary differences associated with investments in subsidiaries, associates, and joint ventures, when the parent investor is able to control the timing of the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets relating to tax losses carried forward and deductible temporary differences are recognized, only to the extent that it is probable that future taxable profit will be available against which the tax losses carried forward and the deductible temporary differences can be utilized. |
Debt and equity securities in issue | Debt and equity securities in issue On initial recognition, financial instruments issued by the SMBC Group are classified in accordance with the substance of the contractual agreement as financial liabilities where the contractual arrangement results in the SMBC Group having an obligation to either deliver cash or another financial asset to the holder, or to satisfy the obligation other than by delivering a fixed number of equity shares in exchange for a fixed amount of cash or another financial asset. The instruments or their components are classified as equity where they do not meet the definition of a liability and show evidence of a residual interest in the entity’s assets after deducting all of its liabilities. Compound financial instruments that contain both liability and equity elements are accounted for separately with the equity component being assigned the residual amount after deducting from the entire value of the compound financial instrument the fair value of the liability component which has been determined separately. |
Shareholders' Equity | Shareholders’ Equity Stock issuance costs Incremental costs directly attributable to the issuance of new shares or options including those issued as a result of a business combination transaction are deducted from the proceeds and shown in equity, net of tax. Dividends on common stock and preferred stock Dividends on common stock and preferred stock are recognized in equity in the period in which they are approved by the shareholders. Dividends for the fiscal year that are declared after the reporting period are described in Note 40 “Dividends Per Share.” Treasury stock Where the Company or any other member of the SMBC Group companies purchase the Company’s common or preferred stock, the consideration paid is deducted from equity as treasury stock until they are cancelled or sold. No gain or loss is recognized on the purchase, sale, or cancellation of the Company’s own equity instruments and the consideration paid or received is recognized in equity. |
Interest Income and Expense | Interest Income and Expense Interest income and expense for all financial instruments, except for those classified as financial assets at fair value through profit or loss, are recognized in “Interest income” and “Interest expense” in the consolidated income statements using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial asset or a financial liability and of allocating the interest income or interest expense over the relevant period. The effective interest rate is the rate that discounts the estimated future cash payments or receipts through the expected life of the financial instrument or, when appropriate, a shorter period to the gross carrying amount of a financial asset or to the amortised cost of a financial liability. When calculating the effective interest rate, the SMBC Group estimates cash flows, considering the contractual terms of the financial instrument but not including ECL. The calculation includes fees and points paid or received between parties to the contract that are an integral part of the effective interest rate of the financial instrument, transaction costs and other premiums or discounts. The effective interest method is used for calculating interest income by applying the effective interest rate to the gross carrying amount of a financial asset. However, for credit-impaired financial assets subsequent to initial recognition, interest income is calculated by applying the effective interest rate to the amortized cost of the financial assets. |
Fee and Commission Income | Fee and Commission Income Accounting policies applied from April 1, 2018 The SMBC Group recognizes fee and commission income in accordance with the five-step model. This model requires the SMBC Group to (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. Fee and commission income arises from a diverse range of services that the SMBC Group provides to its customers. Fee and commission income can be divided into two categories: fee and commission income from transaction services which is recognized at the point in time when the transaction takes place, and fee and commission income from services which is recognized over the time as the services are provided. Fee and commission income from transaction services includes fees on credit card business, fees and commissions on the securities business, underwriting fees, brokerage fees, investment trusts sales commissions, fees on funds transfer and collection services, loan syndication fees for arranging a loan and fee and commission income from other services. Fee and commission income from services that are provided over a period of time includes fiduciary fees, investment fund management fees, loan commitments fees from which specific lending is unlikely to be drawn down and fee and commission income from other services. Accounting policies applied until March 31, 2018 Fee and commission income includes fee and commission income arising from a diverse range of services that the SMBC Group provides to its customers. Fee and commission income can be divided into two categories: fee and commission income from providing transaction services, and fee and commission income earned from services that are provided over a certain period of time. Fee and commission income earned from providing transaction services is recognized when the service has been completed or the event has occurred. This fee and commission income includes fees on funds transfer and collection services, service charges from deposit accounts, fees and commissions on the securities business, underwriting fees, brokerage fees, and fee and commission income from other services. Fee and commission income earned from services over a period of time is recognized over that service period. This fee and commission income includes fees on credit-related businesses, investment fund businesses, and fee and commission income from other services. Loan commitment fees, together with the related direct cost, for loans that are likely to be drawn down are deferred and recognized as an adjustment to the effective interest rate on the loan. Loan commitment fees are recognized over the term of the commitment period when it is unlikely that a loan will be drawn down. |
Net Trading Income | Net Trading Income Net trading income consists of margins made on market-making and customer business, as well as changes in fair value of trading assets and liabilities and derivative financial instruments, caused by movements in interest rates, exchange rates, equity prices and other market variables. It also includes net interest and dividend income on trading assets and liabilities. |
Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss | Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss Net income (loss) from financial assets at fair value through profit or loss includes all gains and losses arising from changes in the fair value of financial assets mandatorily measured at FVPL other than trading assets and derivative financial instruments, disposal of such assets, and interest and dividend income on these financial assets. |
Net Investment Income | Net Investment Income Accounting policies applied from April 1, 2018 Net investment income includes gains and losses on the disposal of debt instruments measured at fair value through other comprehensive income, and dividend income from equity instruments measured at fair value through other comprehensive income. Accounting policies applied until March 31, 2018 Net investment income included gains and losses on the disposal of available-for-sale available-for-sale |
Earnings Per Share | Earnings Per Share The SMBC Group presents basic and diluted earnings per share (“EPS”) data for its common stock. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the SMBC Group by the weighted average number of common stock outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common stock outstanding for the effects of all dilutive potential common stock including share options and other convertible instruments. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The SMBC Group is currently assessing the impact of the following standards, amendments to standards, and interpretations that are not yet effective and have not been early adopted: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) In September 2014, the IASB issued the narrow-scope amendments to IFRS 10 and IAS 28 “Investments in Associates and Joint Ventures” to address an acknowledged inconsistency between the requirements in IFRS 10 and those in IAS 28, in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The effective date of applying the amendments was January 1, 2016 when they were originally issued, however, in December 2015, the IASB issued Effective Date of Amendments to IFRS 10 and IAS 28 IFRS 16 “Leases” In January 2016, the IASB published IFRS 16 “Leases,” which sets out the principles for the recognition, measurement, presentation and disclosure of leases, replacing IAS 17 “Leases.” The standard introduces a single lessee accounting model and eliminates the classification of leases as either operating leases or finance leases, requiring a lessee to recognize assets and liabilities. A lessor continues to classify its leases as operating leases or finance leases, and to account for them differently. The standard is effective for annual periods beginning on or after January 1, 2019. The SMBC Group will recognize a lease liability measured at the present value of remaining cash flows on the lease. The corresponding right of use asset will be calculated at an amount equal to the lease liability adjusted by the amount of prepaid or accrued lease payments related to that lease. The primary impact of IFRS 16 adoption is expected to be where the SMBC Group is a lessee in contracts for land and buildings which were off-balance IFRIC 23 “Uncertainty over Income Tax Treatments” In June 2017, the IASB published IFRIC 23 “Uncertainty over Income Tax Treatments,” which clarifies how to apply the recognition and measurement requirements in IAS 12 “Income Taxes” when there is uncertainty over income tax treatments. IAS 12 specifies how to account for current and deferred tax, but not how to reflect the effects of uncertainty. This interpretation adds to the requirements in IAS 12 by specifying how to reflect the effects of uncertainty in accounting for income taxes. The interpretation is effective for annual periods beginning on or after January 1, 2019 and is not expected to have a material impact on the SMBC Group’s consolidated financial statements. Prepayment Features with Negative Compensation (Amendments to IFRS 9) In October 2017, the IASB issued amendments to IFRS 9 to allow entities to measure particular prepayable financial assets with negative compensation at amortized cost or at fair value through other comprehensive income instead of at fair value through profit or loss, if a specified condition is met. The amendments are effective for annual periods beginning on or after January 1, 2019 and are not expected to have a material impact on the SMBC Group’s consolidated financial statements. Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28) In October 2017, the IASB issued amendments to IAS 28 to clarify that entities account for long-term interests in an associate or joint venture, to which the equity method is not applied, using IFRS 9. The amendments are effective for annual periods beginning on or after January 1, 2019 and are not expected to have a material impact on the SMBC Group’s consolidated financial statements. Annual Improvements to IFRSs 2015-2017 Cycle In December 2017, the IASB issued Annual Improvements to IFRSs 2015-2017 Cycle, which is a collection of amendments to four IFRSs. These are amendments that either clarify the wording in the standard or correct relatively minor oversights or conflicts between existing requirements of the standards. These improvements include the amendments effective for annual periods beginning on or after January 1, 2019 and are not expected to have a material impact on the SMBC Group’s consolidated financial statements. Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) In February 2018, the IASB issued amendments to IAS 19 “Employee Benefits” to clarify how to determine current service cost and net interest for the period after a change to a defined benefit plan. When a change to a plan such as an amendment, curtailment or settlement takes place, IAS 19 requires an entity to remeasure its net defined benefit liability or asset. The amendments require an entity to use the updated assumptions from this remeasurement to determine current service cost and net interest for the remainder of the reporting period after the change to the plan. The amendments are effective for annual periods beginning on or after January 1, 2019 and are not expected to have a material impact on the SMBC Group’s consolidated financial statements. Definition of a Business (Amendments to IFRS 3) In October 2018, the IASB issued amendments to IFRS 3 “Business Combinations” to clarify the definition of a business, with the objective of assisting entities to determine whether a transaction should be accounted for as a business combination or as an asset acquisition. The amended definition emphasizes that the output of a business is to provide goods and services to customers, whereas the previous definition focused on returns in the form of dividends, lower costs or other economic benefits to investors and others. The amendments are effective for annual periods beginning on or after January 1, 2020. The SMBC Group is currently evaluating the potential impact that the adoption of the amendments will have on its consolidated financial statements. Definition of Material (Amendments to IAS 1 and IAS 8) In October 2018, the IASB issued amendments to IAS 1 “Presentation of Financial Statements” and IAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” to clarify the definition of material and how it should be applied by including in the definition guidance that had featured elsewhere in IFRS. The updated definition of material makes it easier for entities to decide whether information should be included in their financial statements. The amendments are effective for annual periods beginning on or after January l, 2020. IFRS 17 “Insurance Contracts” In May 2017, the IASB published IFRS 17 “Insurance Contracts,” which establishes principles for the recognition, measurement, presentation and disclosure of insurance contracts, replacing IFRS 4 “Insurance Contracts.” IFRS 4 provided entities dispensation to carry on accounting for insurance contracts using national accounting standards, resulting in a multitude of different approaches. IFRS 17 requires all insurance contracts to be accounted for in a consistent manner. Insurance obligations will be accounted for by using present values instead of historical cost. The standard is currently effective for annual periods beginning on or after January 1, 2021. The IASB has voted on delaying the mandatory application date by one year but it has not been approved yet. The SMBC Group is currently evaluating the potential impact that the adoption of the standard will have on its consolidated financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Schedule of Effect of Adoption of IFRS 15 to IFRS 9 for Consolidated Financial Statement | The following table presents the effect of the adoption of IFRS 15 and IFRS 9 on the SMBC Group’s consolidated financial statements, showing separately the changes arising from reclassification and any associated remeasurement, and the impact of increased impairment. The SMBC Group adopted the standards retrospectively by adjusting the consolidated statement of financial position at the date of initial application, and has not restated comparatives as permitted by IFRS 15 and IFRS 9. At March 31, 2018 Effect of adoption of Effect of adoption of IFRS 9 At April 1, 2018 Classification measurement/ Impairment (In millions) Assets: Cash and deposits with banks ¥ 54,696,069 ¥ — ¥ (50,597 ) ¥ — ¥ 54,645,472 Call loans and bills bought 1,881,880 — — — 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 8,491,703 — — — 8,491,703 Trading assets 3,169,123 — — — 3,169,123 Derivative financial instruments 3,885,271 — — — 3,885,271 Financial assets at fair value through profit or loss 1,547,672 — 1,562,703 — 3,110,375 Investment securities 20,495,075 — (1,347,917 ) — 19,147,158 Loans and advances 85,129,070 — (163,934 ) (159,944 ) 84,805,192 Investments in associates and joint ventures 730,414 — — — 730,414 Property, plant and equipment 1,510,132 — — — 1,510,132 Intangible assets 835,902 — — — 835,902 Other assets (1)(2) 4,043,908 21,662 (106,673 ) — 3,958,897 Current tax assets 87,961 — — — 87,961 Deferred tax assets 19,436 (423 ) — 179 19,192 Assets held for sale 5,651,950 — — (3,237 ) 5,648,713 Total assets ¥ 192,175,566 ¥ 21,239 ¥ (106,418 ) ¥ (163,002 ) ¥ 191,927,385 Liabilities: Deposits ¥ 128,461,527 ¥ — ¥ — ¥ — ¥ 128,461,527 Call money and bills sold 1,190,929 — — — 1,190,929 Repurchase agreements and cash collateral on securities lent 12,022,593 — — — 12,022,593 Trading liabilities 2,143,899 — — — 2,143,899 Derivative financial instruments 3,498,016 — — — 3,498,016 Borrowings 10,652,481 — — — 10,652,481 Debt securities in issue 10,569,117 — — — 10,569,117 Provisions 188,267 1,858 — 23,125 213,250 Other liabilities (2) 6,882,740 (1,858 ) (106,612 ) 25,021 6,799,291 Current tax liabilities 55,516 — — — 55,516 Deferred tax liabilities 397,741 6,405 59 (63,520 ) 340,685 Liabilities directly associated with the assets held for sale 3,616,941 — — — 3,616,941 Total liabilities 179,679,767 6,405 (106,553 ) (15,374 ) 179,564,245 Equity: Capital stock 2,338,743 — — — 2,338,743 Capital surplus 863,505 — — — 863,505 Retained earnings (3) 5,149,193 10,776 403,458 (143,820 ) 5,419,607 Treasury stock (12,493 ) — — — (12,493 ) Equity excluding other reserves 8,338,948 10,776 403,458 (143,820 ) 8,609,362 Other reserves (3) 2,324,349 — (403,323 ) — 1,921,026 Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. 10,663,297 10,776 135 (143,820 ) 10,530,388 Non-controlling 1,232,980 4,058 — (3,808 ) 1,233,230 Equity attributable to other equity instruments holders 599,522 — — — 599,522 Total equity 12,495,799 14,834 135 (147,628 ) 12,363,140 Total equity and liabilities ¥ 192,175,566 ¥ 21,239 ¥ (106,418 ) ¥ (163,002 ) ¥ 191,927,385 (1) Following the adoption of IFRS 15, certain costs of obtaining and fulfilling a contract with a credit card customer, previously recognized within “General and administrative expenses,” are capitalized as a cost to obtain asset and recognized within “Other assets.” Expense will be recognized as a result of the amortization of these capitalized costs over the expected life of the credit card. The impact of IFRS 15 adoption for the SMBC Group is not material. (2) Following the adoption of IFRS 9, certain receivables for future premiums and unearned revenue related to financial guarantees decreased by the same amount without any impact on total equity. (3) Impairment losses recognized under IAS 39 on equity instruments for which the SMBC Group made an irrevocable election at initial recognition to present subsequent changes in fair value in other comprehensive income under IFRS 9 were, in principle, reclassified from retained earnings to other reserves at April 1, 2018. However, of those impairment losses, the amounts above the threshold to qualify for a tax deduction in previous years were not reclassified from retained earnings to other reserves at April 1, 2018. |
Summary of Impact of Changes to Total Assets Under Classification and Measurement of Financial Assets and Impairment | The following table provides an overview of the impact of the changes to total assets under classification and measurement of financial assets, and impairment. Classification under IAS 39 (1) Classification under IFRS 9 (1) At March 31, Classification Measurement At April 1, (In millions) Cash and deposits with banks (2) ¥ 54,696,069 ¥ (50,597 ) ¥ — ¥ 54,645,472 L&R AC 54,645,472 — — 54,645,472 L&R FVPL 45,824 (45,824 ) — — FVPL FVPL 4,773 (4,773 ) — — Call loans and bills bought L&R AC 1,881,880 — — 1,881,880 Reverse repurchase agreements and cash collateral on L&R AC 8,491,703 — — 8,491,703 Trading assets FVPL FVPL 3,169,123 — — 3,169,123 Derivative financial instruments FVPL FVPL 3,885,271 — — 3,885,271 Financial assets at fair value through profit or loss (2)(3)(4) 1,547,672 1,562,509 194 3,110,375 FVPL FVPL 1,547,672 10,530 — 1,558,202 L&R FVPL — 206,650 194 206,844 AFS FVPL — 1,345,329 — 1,345,329 Investment securities (2)(4)(5)(6) 20,495,075 (1,347,917 ) — 19,147,158 HTM AC 372,459 — — 372,459 AFS FVPL 1,345,329 (1,345,329 ) — — AFS FVOCI 18,774,699 — — 18,774,699 FVPL FVPL 2,588 (2,588 ) — — Loans and advances (2)(3) 85,129,070 (163,934 ) (159,944 ) 84,805,192 L&R AC 84,965,136 — (159,944 ) 84,805,192 L&R FVPL 160,765 (160,765 ) — — FVPL FVPL 3,169 (3,169 ) — — Other financial assets (7)(8) 3,598,642 (106,673 ) — 3,491,969 L&R AC 3,598,581 (106,612 ) — 3,491,969 L&R FVPL 61 (61 ) — — Financial assets included in (4)(6) 3,208,771 — (3,237 ) 3,205,534 L&R AC 3,098,196 — (3,237 ) 3,094,959 AFS FVOCI 69,884 — — 69,884 AFS FVPL 38,998 — — 38,998 FVPL FVPL 1,693 — — 1,693 (1) In “Classification under IAS 39,” FVPL, HTM, L&R and AFS represent fair value through profit or loss, held-to-maturity, available-for-sale, (2) Certain deposits with banks, loans and advances, and investment securities are hybrid instruments, which consist of host contracts and embedded derivatives. These host contracts were classified as L&R or AFS, while the embedded derivatives were separately accounted for and classified as FVPL, if certain criteria were met under IAS 39. These hybrid instruments are classified in their entirety as FVPL if they do not meet the conditions for solely payments of principal and interest (“SPPI”) under IFRS 9. The separated embedded derivatives were presented together with the host contracts in the consolidated statement of financial position under IAS 39. The entire hybrid instruments are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9. (3) Certain loans and advances which were classified as L&R under IAS 39 are classified as FVPL under IFRS 9 if they do not meet the conditions for SPPI or they are held within a business model whose objective is not to hold those assets to collect contractual cash flows, but to hold those assets for sale. Those loans and advances include subordinated loans and syndicated loans held for sale. They are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9. (4) Financial assets which do not meet the conditions for SPPI, such as investment funds, classified as AFS under IAS 39, are classified as FVPL under IFRS 9. They are presented as “Financial assets at fair value through profit or loss” in the consolidated statement of financial position under IFRS 9, except for the financial assets held by Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) which are presented as “Assets held for sale” in the consolidated statement of financial position. (5) Certain debt instruments which were classified as AFS under IAS 39 are classified as FVOCI under IFRS 9 if they meet the conditions for SPPI and are held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. Those debt instruments include Japanese government bonds and U.S. Treasury securities. (6) The SMBC Group made an irrevocable election at initial recognition for certain non-trading (7) “Other financial assets” consist of assets that meet the definition of financial assets but are not presented in any of the other line items. (8) Following the adoption of IFRS 9, certain receivables for future premiums and unearned revenue related to financial guarantees decreased by the same amount without any impact on total equity. |
Summary of Impact upon Adoption of IFRS 9 Impairment | The following table reconciles the closing impairment allowance for loans and receivables in accordance with IAS 39 and provisions for loan commitments and financial guarantee contracts in accordance with IAS 37 “Provisions, contingent liabilities and contingent assets” at March 31, 2018 to the opening ECL allowance determined in accordance with IFRS 9 at April 1, 2018. At March 31, 2018 Remeasurement At April 1, 2018 (4) (In millions) Loans and advances (1) ¥ 491,676 ¥ 159,944 ¥ 651,620 Loan commitments (2) 4,374 23,125 27,499 Financial guarantees (3) 1,498 25,021 26,519 (1) “Loans and advances” mainly includes allowances for loans and advances. It also includes allowance for undrawn components of loan commitments issued to retail customers for which cannot be separately identified from that for the drawn components, and that for other financial assets measured at amortized cost. (2) The ECL allowance is measured for loan commitments issued to wholesale customers. (3) “Financial guarantees” represents the amount of the provision or ECL allowance in excess of the unearned revenues related to financial guarantees. (4) The result of the ECL calculation for debt instruments at FVOCI at April 1, 2018 was not material. |
Segment Analysis (Tables)
Segment Analysis (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Segmental Results of Operations | Segmental Results of Operations For the fiscal year ended March 31, 2019: Wholesale Business Unit (3) Retail Business Unit International Business Unit (3) Global Markets Business Unit Head office account and others (3) Total (In billions) Consolidated gross profit (1) ¥ 784.9 ¥ 1,281.6 ¥ 689.6 ¥ 333.6 ¥ (243.5 ) ¥ 2,846.2 General and administrative expenses (345.1 ) (1,021.4 ) (333.4 ) (54.2 ) 39.0 (1,715.1 ) Others (2) 45.1 14.4 38.9 19.1 (56.3 ) 61.2 Consolidated net business profit ¥ 484.9 ¥ 274.6 ¥ 395.1 ¥ 298.5 ¥ (260.8 ) ¥ 1,192.3 For the fiscal year ended March 31, 2018: Wholesale Business Unit Retail Business Unit International Business Unit Global Markets Business Unit Head office account and others Total (In billions) Consolidated gross profit (1) ¥ 772.9 ¥ 1,311.7 ¥ 632.0 ¥ 356.2 ¥ (91.7 ) ¥ 2,981.1 General and administrative expenses (347.9 ) (1,027.7 ) (280.7 ) (53.9 ) (106.0 ) (1,816.2 ) Others (2) 53.7 15.6 46.9 17.5 (94.8 ) 38.9 Consolidated net business profit ¥ 478.7 ¥ 299.6 ¥ 398.2 ¥ 319.8 ¥ (292.5 ) ¥ 1,203.8 For the fiscal year ended March 31, 2017: Wholesale Business Unit Retail Business Unit International Business Unit Global Markets Business Unit Head office account and others Total (In billions) Consolidated gross profit (1) ¥ 776.4 ¥ 1,313.9 ¥ 566.1 ¥ 346.8 ¥ (82.5 ) ¥ 2,920.7 General and administrative expenses (344.8 ) (1,041.1 ) (241.2 ) (50.2 ) (135.1 ) (1,812.4 ) Others (2) 45.6 12.1 38.5 8.2 (79.8 ) 24.6 Consolidated net business profit ¥ 477.2 ¥ 284.9 ¥ 363.4 ¥ 304.8 ¥ (297.4 ) ¥ 1,132.9 (1) Consolidated gross profit = (Interest income – Interest expenses) + Trust fees + (Fee and commission income – Fee and commission expenses) + (Trading income – Trading losses) + (Other operating income – Other operating expenses). (2) “Others” includes share of profit or loss of equity-method associates and joint ventures and cooperated profit and loss, that is, profit and loss double-accounted for in the managerial accounting. (3) Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) became a joint venture from a consolidated subsidiary of the SMBC Group on November 28, 2018. However, for managerial accounting purposes, the full year results of SMFL were included in those of the Wholesale Business Unit and the International Business Unit, while its results after it became a joint venture of the SMBC Group were deducted from those of Head office account and others. For consistency with financial results, the SMBC Group’s share of the profit of SMFL as our joint venture recognized in the consolidated income statement was included in others in the Head office account and others. |
Reconciliation of Segmental Results of Operations to Consolidated Income Statements | The figures provided in the tables above are calculated by aggregating the figures used for management reporting under Japanese GAAP for each segment. The total amount of consolidated net business profit that is calculated by each segment based on the internal managerial data is reconciled to profit before tax reported in the consolidated financial statements under IFRS as shown in the following table: For the fiscal year ended March 31, 2019 2018 2017 (In billions) Consolidated net business profit ¥ 1,192.3 ¥ 1,203.8 ¥ 1,132.9 Differences between management reporting and Japanese GAAP: Total credit costs (110.3 ) (94.2 ) (164.4 ) Gains on equity instruments 116.3 118.9 55.0 Extraordinary gains or losses and others (74.7 ) (119.6 ) (44.2 ) Profit before tax under Japanese GAAP 1,123.6 1,108.9 979.3 Differences between Japanese GAAP and IFRS: Scope of consolidation 0.1 (1.6 ) (12.0 ) Derivative financial instruments 31.3 (20.7 ) (110.9 ) Investment securities (129.5 ) 68.8 (8.8 ) Loans and advances (23.2 ) (33.5 ) (0.7 ) Investments in associates and joint ventures (86.5 ) (1.6 ) (15.9 ) Property, plant and equipment (1.2 ) 1.0 1.3 Lease accounting (1.4 ) (0.5 ) (3.7 ) Defined benefit plans (51.4 ) (13.2 ) 22.9 Foreign currency translation 1.3 12.7 3.6 Classification of equity and liability 11.9 14.1 8.4 Others (43.1 ) (15.4 ) 16.9 Profit before tax under IFRS ¥ 831.9 ¥ 1,119.0 ¥ 880.4 |
Operating Income by Geographical Area | To identify income attributed to each geographical area for the purposes of this disclosure, they are aggregated based on the geographical location of the booking entity, with the assumption that transactions booked in booking entities are deemed to have occurred in their respective geographical areas. For the fiscal year ended March 31, 2019 2018 2017 (In millions) Domestic (1) Japan ¥ 2,114,145 ¥ 2,670,858 ¥ 2,356,627 Total domestic 2,114,145 2,670,858 2,356,627 Foreign (1)(2) Americas 315,531 350,118 313,742 Europe and Middle East 371,413 484,807 401,320 Asia and Oceania 401,357 306,564 276,206 Total foreign 1,088,301 1,141,489 991,268 Total operating income (3) ¥ 3,202,446 ¥ 3,812,347 ¥ 3,347,895 (1) The geographical segmentation is determined based on the degrees of the following factors: geographic proximity, similarity of economic activities and relationship of business activities among regions. (2) Americas includes the United States, Brazil, Canada and others; Europe and Middle East include the United Kingdom, Germany, France and others; Asia and Oceania include China, Singapore, Australia and others except Japan. (3) Total operating income comprises net interest income, net fee and commission income, net trading income, net income (loss) from financial assets at fair value through profit or loss, net investment income and other income. |
Cash and Deposits with Banks (T
Cash and Deposits with Banks (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Cash and Deposits with Banks | At March 31, 2019 2018 (In millions) Cash ¥ 1,062,952 ¥ 703,138 Deposits with banks 56,700,489 53,992,931 Total cash and deposits with banks ¥ 57,763,441 ¥ 54,696,069 |
Reconciliation of Cash and Cash Equivalents Used for the Purposes of the Consolidated Statement of Cash Flows | The reconciliation of cash and cash equivalents used for the purposes of the consolidated statements of cash flows at March 31, 2019, 2018 and 2017 is shown as follows: At March 31, 2019 2018 2017 (In millions) Cash and deposits with banks ¥ 57,763,441 ¥ 54,696,069 ¥ 47,330,155 Less: term deposits with original maturities over three months (532,784 ) (627,837 ) (606,795 ) Less: cash segregated as deposits and others (514,128 ) (667,099 ) (478,541 ) Add: cash and cash equivalents included in assets held for sale — 15,323 — Cash and cash equivalents ¥ 56,716,529 ¥ 53,416,456 ¥ 46,244,819 |
Trading Assets (Tables)
Trading Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Trading Assets | Trading assets at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Debt instruments ¥ 2,480,903 ¥ 2,841,148 Equity instruments 286,788 327,975 Total trading assets ¥ 2,767,691 ¥ 3,169,123 Trading debt instruments mainly consist of Japanese government bonds. Trading equity instruments mainly consist of publicly traded Japanese stocks. |
Derivative Financial Instrume_2
Derivative Financial Instruments and Hedge Accounting (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Derivative Financial Instruments by Type and Purpose of Derivatives | The tables below represent the derivative financial instruments by type and purpose of derivatives at March 31, 2019 and 2018. At March 31, 2019 Trading Risk Management (1) Notional Assets Liabilities Notional Assets Liabilities (In millions) Interest rate derivatives ¥ 779,291,352 ¥ 1,738,231 ¥ 1,484,122 ¥ 51,692,181 ¥ 270,514 ¥ 340,931 Futures 63,332,406 44,812 46,428 2,220,000 — 149 Listed Options 134,733,142 24,131 2,593 — — — Forwards 54,486,370 642 939 — — — Swaps 444,347,278 1,561,977 1,290,977 49,315,116 267,094 340,752 OTC Options 82,392,156 106,669 143,185 157,065 3,420 30 Currency derivatives 132,054,681 1,167,833 935,956 10,260,443 119,077 176,822 Futures 3,942 22 — — — — Listed Options — — — — — — Forwards 79,268,300 488,211 415,097 2,246,274 18,370 57,069 Swaps 46,014,820 594,144 441,257 8,014,169 100,707 119,753 OTC Options 6,767,619 85,456 79,602 — — — Equity derivatives 3,048,195 61,761 96,140 48,511 1,856 30 Futures 933,068 4,418 2,313 — — — Listed Options 1,259,343 29,384 56,854 — — — Forwards — — — — — — Swaps 119,145 654 8,477 48,511 1,856 30 OTC Options 736,639 27,305 28,496 — — — Commodity derivatives 225,655 7,517 5,848 — — — Futures 28,823 445 415 — — — Listed Options — — — — — — Forwards — — — — — — Swaps 183,117 7,006 5,019 — — — OTC Options 13,715 66 414 — — — Credit derivatives 1,562,100 15,785 11,924 — — — Total derivative financial instruments ¥ 916,181,983 ¥ 2,991,127 ¥ 2,533,990 ¥ 62,001,135 ¥ 391,447 ¥ 517,783 At March 31, 2018 Trading Risk Management (1) Notional Assets Liabilities Notional Assets Liabilities (In millions) Interest rate derivatives ¥ 676,464,541 ¥ 1,771,745 ¥ 1,639,850 ¥ 69,550,646 ¥ 300,376 ¥ 333,182 Futures 78,295,049 28,689 28,871 18,269,263 5,534 1,167 Listed Options 66,989,307 4,538 722 — — — Forwards 25,030,851 274 994 — — — Swaps 429,498,805 1,651,945 1,500,361 51,131,039 294,842 329,446 OTC Options 76,650,529 86,299 108,902 150,344 — 2,569 Currency derivatives 120,282,459 1,439,993 1,293,900 7,986,176 283,248 112,322 Futures 689 — 19 — — — Listed Options — — — — — — Forwards 74,380,475 759,993 708,645 1,866,249 49,440 24,929 Swaps 39,668,889 577,350 490,014 6,119,927 233,808 87,393 OTC Options 6,232,406 102,650 95,222 — — — Equity derivatives 3,354,789 71,344 105,194 2,219 — 155 Futures 829,262 5,946 9,747 — — — Listed Options 1,779,546 42,209 68,341 — — — Forwards 7,564 745 208 — — — Swaps 77,015 186 8,171 2,219 — 155 OTC Options 661,402 22,258 18,727 — — — Commodity derivatives 161,539 6,516 4,948 — — — Futures 20,902 402 464 — — — Listed Options — — — — — — Forwards — — — — — — Swaps 128,467 6,052 3,974 — — — OTC Options 12,170 62 510 — — — Credit derivatives 1,320,297 12,049 8,465 — — — Total derivative financial instruments ¥ 801,583,625 ¥ 3,301,647 ¥ 3,052,357 ¥ 77,539,041 ¥ 583,624 ¥ 445,659 (1) Derivative financial instruments categorized as “Risk Management” are used for economic hedging, such as managing the exposure to changes in fair value of the loan portfolio, and are identified as hedging instruments under Japanese GAAP. Under IFRS, the SMBC Group applies hedge accounting for certain equity instruments elected to be measured at FVOCI and net investments in foreign operations, and derivative financial instruments designated as hedging instruments are also categorized as “Risk Management.” |
Schedule of Items Designated as Hedging Instruments | The table below represents the amounts related to items designated as hedging instruments at March 31, 2019. Line item in the consolidated At March 31, 2019 For the fiscal year Nominal Carrying amounts Change in value used Assets Liabilities (In millions) Equity swaps Derivative financial instruments ¥ 48,511 ¥ 1,856 ¥ 30 ¥ 14,860 The amounts related to items designated as hedged items at March 31, 2019 were as follows: Line item in the consolidated At March 31, 2019 For the fiscal year Change in value used Carrying amounts (In millions) Equity instruments at fair value through other comprehensive income Investment securities ¥ 45,847 ¥ (14,376 ) |
Schedule of Hedges of Net Investments in Foreign Operations | The table below represents the amounts related to items designated as hedging instruments at March 31, 2019. Line item in the consolidated At March 31, 2019 For the fiscal year Nominal Carrying amounts Change in value used Assets Liabilities (In millions) Foreign exchange forward contracts Derivative financial instruments ¥2,243,501 ¥ 18,370 ¥ 56,850 ¥ (18,574 ) Foreign currency denominated financial liabilities Debt securities in issue, Borrowings, Deposits 192,039 — 192,039 (7,378 ) |
Schedule of Items Designated as Hedging Items | The amounts related to items designated as hedged items for the fiscal year ended March 31, 2019 were as follows: For the fiscal year ended At March 31, 2019 Change in value used for Translating foreign (In millions) USD foreign operations ¥ 34,244 ¥ (6,714 ) HKD foreign operations 9,468 (4,638 ) EUR foreign operations (19,297 ) 13,288 Other foreign operations 1,537 5,871 Total ¥ 25,952 ¥ 7,807 Note: There was no balance remaining in the translating foreign operations reserve from hedging relationships for which hedge accounting is no longer applied at March 31, 2019. |
Summary of Derivative Financial Instruments Designated as Hedging Instruments | The amounts relating to items designated as hedging instruments at March 31, 2018 were as follows: At March 31, 2018 Notional amounts Assets Liabilities (In millions) Currency derivatives ¥ 1,866,249 ¥ 49,440 ¥ 24,929 Note: The carrying amounts of foreign currency denominated financial liabilities designated as hedging instruments at March 31, 2018 were ¥208,294 million. |
Notional Amounts and Fair Value of Credit Derivatives by Purpose of Transactions | The tables below provide the notional amounts and the fair value of credit derivatives by purpose of transactions at March 31, 2019 and 2018. At March 31, 2019 Protection purchased Protection sold Notional Assets Liabilities Notional Assets Liabilities (In millions) Managing the SMBC Group’s credit risk portfolio ¥ 549,794 ¥ 1,258 ¥ 6,547 ¥ 873,197 ¥ 13,700 ¥ 3,877 Facilitating client transactions 88,602 154 1,359 50,507 673 141 Total ¥ 638,396 ¥ 1,412 ¥ 7,906 ¥ 923,704 ¥ 14,373 ¥ 4,018 At March 31, 2018 Protection purchased Protection sold Notional Assets Liabilities Notional Assets Liabilities (In millions) Managing the SMBC Group’s credit risk portfolio ¥ 442,991 ¥ 220 ¥ 5,950 ¥ 684,080 ¥ 10,615 ¥ 751 Facilitating client transactions 106,352 87 1,732 86,874 1,127 32 Total ¥ 549,343 ¥ 307 ¥ 7,682 ¥ 770,954 ¥ 11,742 ¥ 783 |
Notional Amounts and Fair Value of Credit Derivative Portfolio by Type of Counterparty | The following table summarizes the notional amounts of the SMBC Group’s credit derivative portfolio by type of counterparty at March 31, 2019 and 2018. At March 31, 2019 At March 31, 2018 Protection Protection Protection Protection (In millions) Banks and broker-dealers ¥ 626,896 ¥ 923,704 ¥ 537,843 ¥ 770,954 Insurance and other financial guaranty firms 11,500 — 11,500 — Total ¥ 638,396 ¥ 923,704 ¥ 549,343 ¥ 770,954 |
Financial Assets at Fair Valu_2
Financial Assets at Fair Value through Profit or Loss (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Financial Assets at Fair Value through Profit or Loss | Financial assets at fair value through profit or loss at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Debt instruments ¥ 2,620,686 ¥ 1,528,921 Equity instruments 20,730 18,751 Total financial assets at fair value through profit or loss ¥ 2,641,416 ¥ 1,547,672 |
Investment Securities (Tables)
Investment Securities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Investment Securities | The following tables show the amount of investment securities, which consist of debt instruments at amortized cost, debt instruments at fair value through other comprehensive income and equity instruments at fair value through other comprehensive income at March 31, 2019, and held-to-maturity available-for-sale At March 31, (In millions) Debt instruments at amortized cost: Domestic: Japanese government bonds ¥ 280,246 Total domestic 280,246 Foreign: U.S. Treasury and other U.S. government agency bonds — Bonds issued by other governments and official institutions 36,827 Other debt instruments 1,841 Total foreign 38,668 Total debt instruments at amortized cost ¥ 318,914 Debt instruments at fair value through other comprehensive income: Domestic: Japanese government bonds ¥ 5,027,695 Japanese municipal bonds 99,164 Japanese corporate bonds 328,978 Other debt instruments 26 Total domestic 5,455,863 Foreign: U.S. Treasury and other U.S. government agency bonds 4,426,635 Bonds issued by other governments and official institutions 2,121,407 Mortgage-backed securities 1,043,987 Other debt instruments 285,329 Total foreign 7,877,358 Total debt instruments at fair value through other comprehensive income ¥ 13,333,221 Equity instruments at fair value through other comprehensive income: Domestic equity instruments ¥ 3,729,120 Foreign equity instruments 443,772 Total equity instruments at fair value through other comprehensive income ¥ 4,172,892 Total investment securities ¥ 17,825,027 At March 31, (In millions) Held-to-maturity Domestic: Japanese government bonds ¥ 372,459 Total held-to-maturity ¥ 372,459 Available-for-sale Domestic: Japanese government bonds ¥ 7,685,303 Japanese municipal bonds 47,032 Japanese corporate bonds 296,601 Total domestic debt instruments 8,028,936 Equity instruments 5,161,734 Total domestic 13,190,670 Foreign: U.S. Treasury and other U.S. government agency bonds 3,246,646 Bonds issued by other governments and official institutions 2,187,450 Mortgage-backed securities 488,183 Other debt instruments 331,491 Total foreign debt instruments 6,253,770 Equity instruments 678,176 Total foreign 6,931,946 Total available-for-sale ¥ 20,122,616 Total investment securities ¥ 20,495,075 |
Schedule of Equity Instruments at Fair Value through Other Comprehensive Income | Equity instruments at fair value through other comprehensive income at March 31, 2019 consisted of the following: At March 31, 2019 (In millions) Listed ¥ 3,453,493 Unlisted 719,399 Total equity instruments at fair value through other comprehensive income ¥ 4,172,892 |
Schedule of Investments in Listed Equity Instruments at Fair Value through Other Comprehensive Income | The investments in the listed equity instruments at fair value through other comprehensive income at March 31, 2019 mainly consisted of the following: At March 31, 2019 (In millions) TOYOTA MOTOR CORPORATION ¥ 252,568 DAIKIN INDUSTRIES, LTD. 116,730 East Japan Railway Company 87,245 Central Japan Railway Company 85,614 Kotak Mahindra Bank Limited 70,472 Sumitomo Realty & Development Co., Ltd. 63,113 KUBOTA CORPORATION 57,592 DAIWA HOUSE INDUSTRY CO., LTD. 56,716 West Japan Railway Company 53,370 FUJIFILM Holdings Corporation 52,747 KOMATSU LTD. 45,847 Asahi Group Holdings, Ltd. 45,145 Japan Exchange Group, Inc. 44,534 MITSUI & CO., LTD. 44,109 NIPPON PAINT HOLDINGS CO., LTD. 43,499 DAIICHI SANKYO COMPANY, LIMITED 42,908 NIDEC CORPORATION 42,531 TAISHO PHARMACEUTICAL HOLDINGS CO., LTD. 42,506 Mitsui Fudosan Co., Ltd. 41,285 Seven & i Holdings Co., Ltd. 41,065 SG HOLDINGS CO., LTD. 40,635 BRIDGESTONE CORPORATION 38,394 Murata Manufacturing Co., Ltd. 37,628 ASAHI KASEI CORPORATION 34,722 NIPPON STEEL & SUMITOMO METAL CORPORATION (1) 34,161 KOITO MANUFACTURING CO., LTD. 34,126 Shionogi & Co., Ltd. 31,487 ITOCHU Corporation 29,104 Recruit Holdings Co., Ltd. 28,449 Chubu Electric Power Company, Incorporated 25,830 Tokyo Electric Power Company Holdings, Incorporated 25,149 Stanley Electric Co., Ltd. 24,131 DAIFUKU CO., LTD. 23,503 Makita Corporation 22,361 Oji Holdings Corporation 21,756 GMO Payment Gateway, Inc. 19,663 TORAY INDUSTRIES, INC. 19,102 Idemitsu Kosan Co., Ltd. 19,054 The Kansai Electric Power Company, Incorporated 18,161 SHIMANO INC. 18,000 MINEBEA MITSUMI Inc. 17,002 TOHO GAS CO., LTD. 16,422 HOUSE FOODS GROUP INC. 16,323 KAJIMA CORPORATION 15,966 Mazda Motor Corporation 15,924 TOYOTA TSUSHO CORPORATION 15,320 BROTHER INDUSTRIES, LTD. 15,152 SUMITOMO CHEMICAL COMPANY, LIMITED 15,051 Hankyu Hanshin Holdings, Inc. 14,865 Sanwa Holdings Corporation 14,809 Others 1,421,647 Total listed equity instruments at fair value through other comprehensive income ¥ 3,453,493 (1) NIPPON STEEL & SUMITOMO METAL CORPORATION changed its trade name to NIPPON STEEL CORPORATION on April 1, 2019. |
Schedule of Fair Value of Equity Instruments Measured at Fair Value through Other Comprehensive Income at Date of Derecoginititon And Cumulative Gain on Disposal | The fair value of the equity instruments measured at fair value through other comprehensive income at the date of derecognition and the cumulative gain on disposal for the fiscal year ended March 31, 2019 were as follows: For the fiscal year ended (In millions) Fair value of the equity instruments at fair value through other comprehensive income at the date of derecognition ¥ 275,410 Cumulative gain on disposal 93,574 |
Loans and Advances (Tables)
Loans and Advances (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Loans and Advances | The following table presents loans and advances at March 31, 2019 and 2018. At March 31, 2019 At March 31, 12-month Lifetime ECL Lifetime ECL credit-impaired Total Total (In millions) Loans and advances at amortized cost: Gross loans and advances ¥ 89,073,539 ¥ 1,590,761 ¥ 882,018 ¥ 91,546,318 ¥ 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) (239,181 ) Less: Allowance for loan losses (158,094 ) (92,446 ) (354,448 ) (604,988 ) (491,676 ) Carrying amount ¥ 90,682,938 ¥ 85,129,070 |
Reconciliation of Allowance for Loan Losses | Reconciliation of allowance for loan losses is as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Allowance for loan losses at beginning of period (1) ¥ 651,620 ¥ 680,456 ¥ 722,717 Provision for loan losses 122,927 126,623 141,457 Charge-offs: Domestic 139,496 161,526 157,373 Foreign 40,758 23,534 33,135 Total 180,254 185,060 190,508 Recoveries: Domestic 9,767 9,658 9,852 Foreign 1,275 574 445 Total 11,042 10,232 10,297 Net charge-offs 169,212 174,828 180,211 Others (2) (347 ) (140,575 ) (3,507 ) Allowance for loan losses at end of period ¥ 604,988 ¥ 491,676 ¥ 680,456 Allowance for loan losses applicable to foreign activities: Balance at beginning of period ¥ 153,167 ¥ 128,347 ¥ 134,664 Balance at end of period ¥ 155,114 ¥ 114,306 ¥ 128,347 Provision for loan losses ¥ 46,597 ¥ 19,872 ¥ 29,699 (1) Allowance for loan losses at the beginning of period for the fiscal year ended March 31, 2019 is calculated under IFRS 9. For additional information, refer to Note 2 “Summary of Significant Accounting Policies”. (2) Others mainly include the exclusion of the allowance for loans and advances made by Kansai Urban Banking Corporation (“KUBC”) and THE MINATO BANK, LTD. (“The Minato Bank”), both of which had been the Company’s subsidiaries but became its equity-method associates, and the exclusion of the allowance for loans and advances made by SMFL which was reclassified as assets held for sale during the fiscal year ended March 31, 2018. The amount for the fiscal year ended March 31, 2017 mainly includes foreign exchange transactions. |
Investments in Associates and_2
Investments in Associates and Joint Ventures (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Investments in Associates and Joint Ventures | The following table presents the SMBC Group’s principal associates and joint venture at March 31, 2019. Investments in associates and joint ventures of the SMBC Group are accounted for using the equity method unless they are held for sale. Company Name Country of Proportion (1) Proportion (1) Main Business (%) (%) Principal Associates Kansai Mirai Financial Group, Inc. Japan 15.5 23.5 (2) Bank holding company The Japan Net Bank, Limited Japan 46.5 46.5 Internet banking The Bank of East Asia, Limited China 19.5 19.5 Commercial banking ACLEDA Bank Plc. Cambodia 18.2 18.2 Commercial banking Vietnam Export Import Commercial Joint Stock Bank Vietnam 15.0 15.0 Commercial banking Sumitomo Mitsui Auto Service Company, Limited Japan 21.9 21.9 Leasing SMBC Aviation Capital Limited Ireland 32.0 32.0 Leasing POCKET CARD CO., LTD. Japan 20.0 20.0 Credit card SAKURA KCS Corporation Japan 29.7 29.7 System engineering and data processing JSOL Corporation Japan 50.0 50.0 System development and data processing Sakura Information Systems Co., Ltd. Japan 49.0 49.0 System engineering and data processing Daiwa SB Investments Ltd. (3) Japan 48.9 48.9 Investment advisory and investment trust management China Post & Capital Fund Management Co., Ltd. China 23.6 23.6 Investment advisory and investment trust management Principal Joint Venture Sumitomo Mitsui Finance and Leasing Company, Limited Japan 50.0 50.0 Leasing (1) Percentages of proportion of ownership interest and proportion of voting rights have been truncated. (2) The SMBC Group has a 15.6% direct holding in Kansai Mirai Financial Group, Inc., and can exercise a further 7.9% of the voting rights held by SMBC’s retirement benefit trust under contractual agreements between SMBC and the retirement benefit trust. (3) Daiwa SB Investments Ltd. was merged with Sumitomo Mitsui Asset Management Company, Limited on April 1, 2019, to form Sumitomo Mitsui DS Asset Management Company, Limited. |
Financial Information of all Individually Immaterial Associates and Joint Ventures | The following table summarizes, in aggregate, the financial information of all individually immaterial associates and joint ventures that are accounted for using the equity method: At and for the fiscal year ended 2019 2018 (In millions) Carrying amount of investments in associates and joint ventures ¥ 1,038,823 ¥ 730,414 Share of: Profit from continuing operations 40,157 49,323 Other comprehensive income (loss) (699 ) 7,885 Total comprehensive income 39,458 57,208 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Changes in Property, Plant and Equipment | The table below shows the changes in property, plant and equipment for the fiscal years ended March 31, 2019 and 2018. Assets for rent Land Buildings Leased Others Total (In millions) Cost ¥ 2,086,804 ¥ 520,078 ¥ 774,233 ¥ 17,837 ¥ 425,728 ¥ 3,824,680 Accumulated depreciation and impairment losses (427,888 ) (5,586 ) (403,426 ) (10,650 ) (291,075 ) (1,138,625 ) Net carrying amount at April 1, 2017 1,658,916 514,492 370,807 7,187 134,653 2,686,055 Additions 415,397 44 30,144 1,775 54,951 502,311 Acquisition of subsidiaries and businesses 304,233 — — — 24 304,257 Disposals (1) (1,640,222 ) (52,327 ) (33,796 ) (660 ) (10,064 ) (1,737,069 ) Depreciation (91,906 ) — (21,344 ) (2,061 ) (30,663 ) (145,974 ) Impairment losses — (2,446 ) (25,203 ) (136 ) (31 ) (27,816 ) Exchange differences (66,033 ) (4 ) (284 ) (3 ) (506 ) (66,830 ) Others 302 (192 ) 11,673 47 (16,632 ) (4,802 ) Net carrying amount 580,687 459,567 331,997 6,149 131,732 1,510,132 Cost 607,769 466,046 738,023 17,373 413,945 2,243,156 Accumulated depreciation and impairment losses (27,082 ) (6,479 ) (406,026 ) (11,224 ) (282,213 ) (733,024 ) Net carrying amount at March 31, 2018 580,687 459,567 331,997 6,149 131,732 1,510,132 Additions 18,584 355 30,998 1,307 39,203 90,447 Acquisition of subsidiaries and businesses — 6,998 1,710 — 5,340 14,048 Disposals (6,009 ) (2,167 ) (1,458 ) (216 ) (2,615 ) (12,465 ) Depreciation (18,597 ) — (22,173 ) (1,683 ) (27,183 ) (69,636 ) Impairment losses — (774 ) (4,936 ) — (196 ) (5,906 ) Exchange differences (9,667 ) 95 228 — 268 (9,076 ) Others (537 ) 23 2,134 19,992 (31,370 ) (9,758 ) Net carrying amount 564,461 464,097 338,500 25,549 115,179 1,507,786 Cost 609,763 469,095 746,687 60,158 394,308 2,280,011 Accumulated depreciation and impairment losses (45,302 ) (4,998 ) (408,187 ) (34,609 ) (279,129 ) (772,225 ) Net carrying amount at March 31, 2019 ¥ 564,461 ¥ 464,097 ¥ 338,500 ¥ 25,549 ¥ 115,179 ¥ 1,507,786 (1) Disposals include property, plant and equipment owned by SMFL reclassified as “Assets held for sale” during the fiscal year ended March 31, 2018. In addition, Disposals include property, plant and equipment related to KUBC and The Minato Bank, both of which had been the Company’s subsidiaries but became its equity method associates in March, 2018. |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Carrying Amount of Assets Held under Finance Leases | The carrying amount of assets held under finance leases at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Tangible assets: Land and buildings ¥ 2,520 ¥ 2,837 Other tangible assets (1) 23,029 3,312 Total (2) 25,549 6,149 Intangible assets: Software 991 144 Total ¥ 26,540 ¥ 6,293 (1) Other tangible assets include mainly equipment, machinery and vehicles. (2) Cross-reference to Leased assets in Note 12 “Property, Plant and Equipment.” |
Total of Future Minimum Lease Payments and Their Present Value Under Finance Leases | The total of future minimum lease payments and their present value under finance leases at March 31, 2019 and 2018 were as follows: At March 31, 2019 2018 (In millions) Not later than one year ¥ 8,478 ¥ 2,567 Later than one year and not later than five years 19,392 4,664 Later than five years 5,322 3,086 Total 33,192 10,317 Less: Future interest charges (2,813 ) (1,151 ) Present value of finance lease commitments (1) ¥ 30,379 ¥ 9,166 (1) Present value of finance lease commitments is included in “Borrowings” in the consolidated statements of financial position. See Note 18 “Borrowings.” |
Total Amounts of Future Minimum Lease Payments Receivable Under Non-cancellable Operating Leases | The total amounts of the future minimum lease payments receivable under non-cancellable At March 31, 2019 2018 (In millions) Not later than one year ¥ 35,937 ¥ 38,072 Later than one year and not later than five years 67,235 70,813 Later than five years 18,007 18,857 Total ¥ 121,179 ¥ 127,742 |
Gross Investment in Lease, Unearned Finance Income, Present Value of Minimum Lease Payments Receivable and Unguaranteed Residual Values Under Finance Leases | The gross investment in the lease, unearned finance income, present value of the minimum lease payments receivable and unguaranteed residual values under finance leases at March 31, 2019 and 2018 were as follows: At March 31, 2019 Gross Unearned income Present value (1) Unguaranteed (1) (In millions) Not later than one year ¥ 65,963 ¥ 13,053 ¥ 52,910 ¥ 14,894 Later than one year and not later than five years 214,042 26,713 187,329 27,186 Later than five years 57,589 10,202 47,387 24,282 Total ¥ 337,594 ¥ 49,968 ¥ 287,626 ¥ 66,362 At March 31, 2018 Gross Unearned income Present value (1) Unguaranteed (1) (In millions) Not later than one year ¥ 54,501 ¥ 13,470 ¥ 41,031 ¥ 6,483 Later than one year and not later than five years 227,793 29,746 198,047 43,206 Later than five years 73,979 11,574 62,405 21,117 Total ¥ 356,273 ¥ 54,790 ¥ 301,483 ¥ 70,806 (1) Present value of the minimum lease payments receivable and unguaranteed residual values are included in “Loans and advances” in the consolidated statements of financial position. |
Total Amounts of Future Minimum Lease Payments Under Non-cancellable Operating Leases | The total amounts of future minimum lease payments under non-cancellable At March 31, 2019 2018 (In millions) Not later than one year ¥ 47,600 ¥ 42,329 Later than one year and not later than five years 132,720 129,298 Later than five years 140,011 121,419 Total future minimum lease payments under non-cancellable ¥ 320,331 ¥ 293,046 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Changes in Goodwill by Business Segment | The table below shows the changes in goodwill by business segment for the fiscal years ended March 31, 2019 and 2018. Wholesale Business Unit Retail Business Unit International Business Unit Head office account and Total (In millions) Gross amount of goodwill ¥ 2,417 ¥ 63,418 ¥ 13,047 ¥ 435,338 ¥ 514,220 Accumulated impairment losses — — — (87,765 ) (87,765 ) Net carrying amount at March 31, 2017 2,417 63,418 13,047 347,573 426,455 Disposals (1) — — — (11,197 ) (11,197 ) Impairment losses (956 ) — (4,292 ) (23,359 ) (28,607 ) Reclassification to assets held for sale (2) (1,461 ) — (8,166 ) (102,710 ) (112,337 ) Exchange differences — — (589 ) — (589 ) Net carrying amount — 63,418 — 210,307 273,725 Gross amount of goodwill 956 63,418 4,292 321,431 390,097 Accumulated impairment losses (956 ) — (4,292 ) (111,124 ) (116,372 ) Net carrying amount at March 31, 2018 — 63,418 — 210,307 273,725 Acquisitions (3) — — 4,707 — 4,707 Impairment losses — — — (62,624 ) (62,624 ) Net carrying amount — 63,418 4,707 147,683 215,808 Gross amount of goodwill 956 63,418 8,999 321,431 394,804 Accumulated impairment losses (956 ) — (4,292 ) (173,748 ) (178,996 ) Net carrying amount at March 31, 2019 ¥ — ¥ 63,418 ¥ 4,707 ¥ 147,683 ¥ 215,808 (1) “Disposals” in Head office account and others includes amount of goodwill relating to Kansai Urban Banking Corporation (“KUBC”) which ceased to be the SMBC Group’s consolidated subsidiary and became the SMBC Group’s associate during the fiscal year ended March 31, 2018. In addition, on April 1, 2018, KUBC became a wholly owned subsidiary of Kansai Mirai Financial Group, an intermediate holding company, and Kansai Mirai Financial Group became our equity-method associate. (2) The SMBC Group reclassified goodwill of ¥112,337 million allocated to Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) and its subsidiaries to assets held for sale at March 31, 2018. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” (3) The SMBC Group recognized goodwill of ¥4,707 million in International Business Unit resulting from the acquisition of PT Bank Tabungan Pensiunan Nasional Tbk on January 30, 2019. For additional information, refer to Note 49 “Acquisitions.” |
Key Assumptions Used in Impairment Testing | The key assumptions used for the value in use calculations for the fiscal years ended March 31, 2019 and 2018 were as follows: SMBC Trust Bank SMBC SMBC SMAM Corporate Retail (1) For the fiscal year ended March 31, 2019: Pre-tax — — 8.90 % 11.37 % 8.95 % Growth rate — — 1.00 % 1.00 % 1.00 % For the fiscal year ended March 31, 2018: Pre-tax 12.61 % 9.91 % 11.42 % 11.20 % 9.01 % Growth rate 1.00 % 1.00 % 1.00 % 1.00 % 1.00 % (1) The business which SMBC Trust Bank acquired from Citibank Japan Ltd., in November 2015 is identified as Retail Banking. |
Changes in Other Intangible Assets | The table below shows the changes in other intangible assets for the fiscal years ended March 31, 2019 and 2018. Internally Purchased Contractual Trademarks Other Total (In millions) Cost ¥ 648,463 ¥ 372,531 ¥ 248,977 ¥ 46,116 ¥ 64,487 ¥ 1,380,574 Accumulated amortization and impairment losses (356,326 ) (232,834 ) (78,513 ) (30,263 ) (12,525 ) (710,461 ) Net carrying amount at April 1, 2017 292,137 139,697 170,464 15,853 51,962 670,113 Additions 93,977 40,024 — — 2,169 136,170 Acquisition of subsidiaries and businesses — 222 — — — 222 Disposals (1) (8,420 ) (11,928 ) (57,987 ) — (1,844 ) (80,179 ) Amortization (84,662 ) (43,818 ) (20,192 ) (4,280 ) (4,473 ) (157,425 ) Impairment losses — — (1,830 ) — (5,229 ) (7,059 ) Exchange differences 142 (731 ) — — (29 ) (618 ) Others 343 2,099 — — (1,489 ) 953 Net carrying amount 293,517 125,565 90,455 11,573 41,067 562,177 Cost 650,632 340,593 172,950 46,116 54,024 1,264,315 Accumulated amortization and impairment losses (357,115 ) (215,028 ) (82,495 ) (34,543 ) (12,957 ) (702,138 ) Net carrying amount at March 31, 2018 293,517 125,565 90,455 11,573 41,067 562,177 Additions 93,834 38,518 — — 3,802 136,154 Acquisition of subsidiaries and businesses 3,705 252 12,845 9,706 30,919 57,427 Disposals (3,020 ) (1,637 ) — — (540 ) (5,197 ) Amortization (88,322 ) (41,798 ) (11,226 ) (4,401 ) (3,532 ) (149,279 ) Impairment losses — — — (4,020 ) (21 ) (4,041 ) Exchange differences 53 522 — — 22 597 Others 2,314 7,632 — — (1,807 ) 8,139 Net carrying amount 302,081 129,054 92,074 12,858 69,910 605,977 Cost 697,480 358,130 185,795 55,822 87,607 1,384,834 Accumulated amortization and impairment losses (395,399 ) (229,076 ) (93,721 ) (42,964 ) (17,697 ) (778,857 ) Net carrying amount at March 31, 2019 ¥ 302,081 ¥ 129,054 ¥ 92,074 ¥ 12,858 ¥ 69,910 ¥ 605,977 (1) Disposals include other intangible assets owned by SMFL reclassified as “Assets held for sale” during the fiscal year ended March 31, 2018. |
Other Assets (Tables)
Other Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Other Assets | Other assets at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Prepaid expenses ¥ 78,475 ¥ 49,300 Accrued income 385,051 416,210 Receivables from brokers, dealers and customers for securities transactions 1,159,479 1,175,495 Cash collateral provided for derivative and other financial transactions 1,537,672 1,560,972 Retirement benefit assets 268,483 316,455 Security deposits 92,867 99,247 Others 557,787 426,229 Total other assets ¥ 4,079,814 ¥ 4,043,908 |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Deposits | Deposits at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Non-interest-bearing ¥ 22,594,227 ¥ 21,611,514 Interest-bearing demand deposits 56,205,396 52,154,265 Deposits at notice 11,169,956 10,355,664 Time deposits 25,760,889 25,655,132 Negotiable certificates of deposit 11,165,487 11,220,285 Others (1) 7,508,697 7,464,667 Total deposits ¥ 134,404,652 ¥ 128,461,527 (1) Others include, among other items, foreign currency deposits in domestic offices and Japanese yen accounts held by foreign depositors in domestic offices. |
Trading Liabilities (Tables)
Trading Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Trading Liabilities | Trading liabilities at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Debt instruments “short position” ¥ 1,835,860 ¥ 2,008,711 Equity instruments “short position” 162,834 135,188 Total trading liabilities ¥ 1,998,694 ¥ 2,143,899 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Short-term Borrowings and Long-term Borrowings (with Original Maturities of More Than One Year) | Borrowings at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Unsubordinated borrowings ¥ 10,632,213 ¥ 9,158,844 Subordinated borrowings 273,819 279,749 Liabilities associated with securitization transactions 1,231,447 1,204,722 Lease obligations 30,379 9,166 Total borrowings ¥ 12,167,858 ¥ 10,652,481 |
Debt Securities in Issue (Table
Debt Securities in Issue (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Debt Securities in Issue | Debt securities in issue at March 31, 2019 and 2018 consisted of the following: At March 31, Interest rate 2019 2018 (In millions) SMFG: Bonds: Bonds, payable in United States dollars, due 2021-2048 2.06%-4.31% ¥ 3,209,483 ¥ 2,583,513 Bonds, payable in euros, due 2022-2033 0.12%-1.72% 553,053 509,987 Bonds, payable in Australian dollars, due 2022-2028 3.04%-4.13% 183,049 179,367 Bonds, payable in Hong Kong dollars, due 2028 3.54% 4,242 — Subordinated bonds: Subordinated bonds, payable in Japanese yen, due 2024-2030 0.30%-1.33% 756,572 757,999 Subordinated bonds, payable in United States dollars, due 2024 4.44% 191,741 185,426 Total SMFG 4,898,140 4,216,292 SMBC: Commercial paper (0.50%)-2.86% 1,634,812 1,521,437 Bonds: Bonds, payable in Japanese yen, due 2018-2019 0.25%-0.33% 50,000 99,000 Bonds, payable in United States dollars, due 2018-2045 1.67%-4.30% 1,660,610 2,072,295 Bonds, payable in euros, due 2020-2023 0.19%-2.75% 429,544 260,236 Bonds, payable in Australian dollars, due 2018-2025 2.90%-4.13% 40,913 63,572 Bonds, payable in Hong Kong dollars, due 2020-2025 2.09%-2.92% 33,427 32,009 Bonds, payable in Thai baht, due 2019-2021 2.00%-2.66% 33,155 25,575 Bonds, payable in Great Britain pound, due 2020 1.19% 36,258 — Subordinated bonds: Subordinated bonds, payable in Japanese yen, due 2019-2026 1.43%-2.80% 362,777 385,522 Subordinated bonds, payable in United States dollars, due 2022 4.85% 166,090 158,912 Subordinated bonds, payable in euros, due 2020 4.00% 93,147 97,648 Total SMBC 4,540,733 4,716,206 Other subsidiaries: Commercial paper 0.00%-2.80% 805,703 946,208 Bonds: Bonds, payable in Japanese yen, due 2018-2049 0.01%-21.00% 702,312 616,267 Bonds, payable in United States dollars, due 2018-2037 0.01%-4.45% 48,143 24,599 Bonds, payable in euros, due 2023 0.10%-0.55% 124,451 — Bonds, payable in Indonesian rupiah, due 2018-2020 7.50%-9.85% 19,487 19,081 Bonds, payable in Australian dollars, due 2019-2031 0.01%-3.00% 2,075 1,896 Bonds, payable in Turkish lira, due 2019-2023 0.01%-15.00% 5,165 3,568 Subordinated bonds: Subordinated bonds, payable in Japanese yen, due 2019-2028 4.00%-4.15% 25,000 25,000 Total other subsidiaries 1,732,336 1,636,619 Total debt securities in issue ¥ 11,171,209 ¥ 10,569,117 |
Summary of Movement in Subordinated Bonds | The following table presents the movement in Subordinated bonds for the fiscal year ended March 31, 2019 and 2018. For the fiscal year ended 2019 2018 (In millions) Subordinated bonds at beginning of period (1) ¥ 1,610,507 ¥ 1,707,025 Cash flows: Proceeds from issuance of subordinated bonds — 104,866 Redemption of subordinated bonds (26,721 ) (180,034 ) Non-cash Foreign exchange translations 10,803 (11,138 ) Others (2) 738 (10,212 ) Subordinated bonds at end of period (1) ¥ 1,595,327 ¥ 1,610,507 (1) The balances are comprised of subordinated bonds issued by SMFG, SMBC and other subsidiaries. (2) Others mainly include changes arising from losing control of SMFG’s subsidiaries for the fiscal year ended March 31, 2018. |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Movements by Class of Provisions | The following table presents movements by class of provisions for the fiscal years ended March 31, 2019 and 2018. Provision for Other provisions Total (In millions) Balance at April 1, 2017 ¥ 157,333 ¥ 37,367 ¥ 194,700 Additional provisions 50,500 28,537 79,037 Amounts used (61,961 ) (14,902 ) (76,863 ) Unused amounts reversed (479 ) (3,247 ) (3,726 ) Amortization of discount and effect of change in discount rate (142 ) 209 67 Others (72 ) (4,876 ) (4,948 ) Balance at March 31, 2018 145,179 43,088 188,267 Balance at April 1, 2018 (1) ¥ 145,179 ¥ 68,071 ¥ 213,250 Additional provisions 47,000 7,040 54,040 Amounts used (44,063 ) (18,576 ) (62,639 ) Unused amounts reversed (106 ) (10,277 ) (10,383 ) Amortization of discount and effect of change in discount rate 399 158 557 Others — (7 ) (7 ) Balance at March 31, 2019 ¥ 148,409 ¥ 46,409 ¥ 194,818 (1) The balance of “Other provisions” at April 1, 2018 increased from that at March 31, 2018, primarily due to the increase of the balance of provision for loan commitments as a result of the IFRS 9 adoption. For additional information, refer to Note 2 “Summary of Significant Accounting Policies.” |
Other Liabilities (Tables)
Other Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Other Liabilities | Other liabilities at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Accrued expenses ¥ 360,258 ¥ 313,226 Unearned income 129,414 133,478 Financial guarantees and other credit-related contingent liabilities 43,117 119,170 Due to trust account 1,228,223 1,328,271 Payables to brokers, dealers and customers for securities transactions 828,758 1,737,919 Payables related to credit card services 703,845 640,487 Obligations from factoring transactions 587,960 566,284 Retirement benefit liabilities 36,027 36,888 Guarantee deposits received 497,379 701,177 Others 1,716,758 1,305,840 Total other liabilities ¥ 6,131,739 ¥ 6,882,740 |
Deferred Income Tax (Tables)
Deferred Income Tax (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Changes of Net Deferred Tax Assets and Liabilities | The changes of net deferred tax assets and liabilities for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 (In millions) At beginning of period (1) ¥ (321,493 ) ¥ (238,240 ) Deferred tax benefit (expense) (10,623 ) (1,036 ) Deferred tax relating to other comprehensive income: Remeasurements of defined benefit plans reserve 12,407 (22,492 ) Available-for-sale — (99,383 ) Financial instruments at fair value through other comprehensive income reserve 108,090 — Exchange differences on translating foreign operations reserve 474 3,137 Acquisition and disposal of subsidiaries and businesses (16,391 ) (17,196 ) Reclassification to assets held for sale (2) — (5,540 ) Exchange differences and others (2,756 ) 2,445 At end of period ¥ (230,292 ) ¥ (378,305 ) (1) The net deferred tax assets and liabilities at the beginning of period for the fiscal year ended March 31, 2019 are calculated under IFRS 9 and IFRS 15. For additional information, refer to Note 2 “Summary of Significant Accounting Policies.” (2) The SMBC Group reclassified net deferred tax assets of ¥5,540 million allocated to Sumitomo Mitsui Finance and Leasing Company, Limited and its subsidiaries to assets held for sale at March 31, 2018. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” |
Deferred Tax Assets and Liabilities | The deferred tax assets and liabilities at March 31, 2019 and 2018 were attributable to the following items: At March 31, 2019 2018 (In millions) Deferred tax assets: Loans and advances ¥ 286,752 ¥ 206,928 Derivative financial instruments 48,821 59,530 Tax losses carried forward 44,518 24,082 Provision for interest repayment 37,845 36,779 Retirement benefits 10,254 9,204 Investment securities 754 1,243 Other deductible temporary differences 112,092 152,891 Total deferred tax assets 541,036 490,657 Deferred tax liabilities: Investment securities 572,369 680,425 Goodwill and intangible assets 71,265 81,076 Property, plant and equipment 57,607 28,786 Lease transactions 10,381 10,866 Retirement benefits 3,224 19,484 Other taxable temporary differences 56,482 48,325 Total deferred tax liabilities 771,328 868,962 Net deferred tax liabilities (1) ¥ (230,292 ) ¥ (378,305 ) (1) Deferred tax assets and deferred tax liabilities are offset in the consolidated statements of financial position if the entity has a legally enforceable right to set off current tax assets against current tax liabilities, and the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority on the same taxable entity. |
Amounts of Deductible Temporary Differences and Tax Losses Carried Forward by Expiration Date | The following table shows the amounts of deductible temporary differences and tax losses carried forward by expiration date at March 31, 2019 and 2018 for which no deferred tax assets were recognized. At March 31, 2019 2018 (In millions) Deductible temporary differences ¥ 414,953 ¥ 445,649 Tax losses carried forward which will expire in 1 year 153,865 224,298 2 years 250,892 209,109 3 years 63,571 252,812 4 years 56,043 70,222 5 years 47,562 140,879 6 years 26,276 59,791 7 years 13,231 44,575 8 years 60,093 16,279 9 years — 59,367 10 years and thereafter 146,206 367 Total deductible temporary differences and tax losses carried forward (1) ¥ 1,232,692 ¥ 1,523,348 (1) Under the consolidated corporate-tax |
Deferred Tax Expense | Deferred tax expense for the fiscal years ended March 31, 2019 and 2018 was attributable to the following temporary differences and tax losses carried forward: For the fiscal year ended 2019 2018 (In millions) Property, plant and equipment ¥ (28,338 ) ¥ (1,137 ) Investment securities 25,226 (34,881 ) Goodwill and intangible assets 22,451 7,809 Tax losses carried forward 21,016 (3,448 ) Derivative financial instruments (10,110 ) 9,296 Loans and advances (7,956 ) 6,092 Retirement benefits 5,102 (2,604 ) Provision for interest repayment 1,066 (3,840 ) Lease transactions 278 5,223 Other temporary differences—net (39,358 ) 16,454 Total deferred tax benefit (expense) ¥ (10,623 ) ¥ (1,036 ) |
Retirement Benefits (Tables)
Retirement Benefits (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Detailed Information for the Defined Benefit Plans | The following tables provide detailed information for the defined benefit plans. The amounts of the retirement benefit liabilities and the retirement benefit assets recognized in the consolidated statements of financial position at March 31, 2019 and 2018 were determined as follows: At March 31, 2019 2018 (In millions) Present value of unfunded obligations ¥ (30,237 ) ¥ (30,082 ) Present value of funded obligations (1,157,946 ) (1,143,589 ) Fair value of plan assets 1,420,639 1,453,238 Net retirement benefit assets (liabilities) ¥ 232,456 ¥ 279,567 Of which retirement benefit liabilities included in “Other liabilities” ¥ (36,027 ) ¥ (36,888 ) Of which retirement benefit assets included in “Other assets” ¥ 268,483 ¥ 316,455 |
Movements in Defined Benefit Obligation | The movements in the defined benefit obligations for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 (In millions) At beginning of period ¥ 1,173,671 ¥ 1,239,784 Current service cost 38,540 40,387 Interest cost 8,008 8,637 Actuarial losses (gains)—demographic assumptions (394 ) 15,485 Actuarial losses —financial assumptions 23,197 5,896 Actuarial losses—experience 2,652 2,519 Benefits paid (42,495 ) (44,433 ) Lump-sum (13,605 ) (24,109 ) Past service cost 108 (44 ) Acquisition of subsidiaries and businesses 5,186 — Others (1) (6,685 ) (70,451 ) At end of period ¥ 1,188,183 ¥ 1,173,671 (1) Others mainly include the exclusion of the defined benefit obligations related to KUBC and The Minato Bank, both of which had been the Company’s subsidiaries but became its equity-method associates, and the exclusion of the defined benefit obligations related to SMFL which was reclassified as assets held for sale during the fiscal year ended March 31, 2018. |
Movements in Fair Value of the Plan Assets | The movements in the fair value of plan assets for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 (In millions) At beginning of period ¥ 1,453,238 ¥ 1,432,556 Interest income 9,805 10,090 Return on plan assets excluding interest income (14,874 ) 97,433 Contributions by employer 15,101 19,208 Benefits paid (42,495 ) (44,433 ) Acquisition of subsidiaries and businesses 6,191 — Others (1) (6,327 ) (61,616 ) At end of period ¥ 1,420,639 ¥ 1,453,238 (1) Others mainly include the exclusion of the fair value of plan assets related to KUBC and The Minato Bank, both of which had been the Company’s subsidiaries but became its equity-method associates, and the exclusion of the fair value of plan assets related to SMFL which was reclassified as assets held for sale during the fiscal year ended March 31, 2018. |
Amounts Recognized in Consolidated Income Statement | The amounts recognized in “General and administrative expenses” in the consolidated income statements for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Current service cost ¥ 38,540 ¥ 40,387 ¥ 40,030 Net interest cost (1,797 ) (1,453 ) (1,153 ) Past service cost 108 (44 ) (3 ) Total ¥ 36,851 ¥ 38,890 ¥ 38,874 |
Plan Assets | The plan assets at March 31, 2019 and 2018 were composed as follows: At March 31, 2019 2018 Quoted in Other Total Quoted in Other Total (In millions) Plan assets retained in the pension funds: Equity instruments ¥ 226,372 ¥ 138,937 ¥ 365,309 ¥ 286,542 ¥ 148,439 ¥ 434,981 Debt instruments 16,124 233,025 249,149 36,290 205,320 241,610 General account of life insurance companies 250 39,463 39,713 356 45,089 45,445 Other investments and short-term assets 33,055 217,344 250,399 45,252 170,476 215,728 Plan assets retained in the retirement benefit trusts: Japanese equity instruments 466,612 1,593 468,205 468,319 1,542 469,861 Other short-term assets 38,278 9,586 47,864 36,340 9,273 45,613 Total ¥ 780,691 ¥ 639,948 ¥ 1,420,639 ¥ 873,099 ¥ 580,139 ¥ 1,453,238 |
Principal Actuarial Assumptions | The principal actuarial assumptions used at March 31, 2019, 2018 and 2017 were as follows: At March 31, 2019 2018 2017 Discount rates 0.5 % 0.7 % 0.7 % |
Sensitivity Analyses of Effect of Changes in Key Assumptions on Defined Benefit Obligations | The sensitivity analyses of the effect of changes in key assumptions on the defined benefit obligations at March 31, 2019 and 2018 were as follows: At March 31, 2019 2018 Increase/(decrease) Increase/(decrease) (In millions) Discount rates: Increase by 50 bps ¥ (74,405 ) ¥ (73,146 ) Decrease by 50 bps 84,546 83,014 Average life expectancy at age 60: Increase of one year ¥ 39,661 ¥ 38,291 |
Weighted Average Durations of Defined Benefit Plans | The weighted average durations of defined benefit plans for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: At March 31, 2019 2018 2017 (Years) Lump-sum 12.7 12.8 12.9 Defined benefit pension plans 18.9 18.9 18.2 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Disclosure of Financial Instruments at Fair Value Through Other Comprehensive Income Reserve | The movements of the financial instruments at FVOCI reserve for the fiscal years ended March 31, 2019 were as follows: For the fiscal 2019 (In millions) At beginning of period (1) ¥ 1,718,937 Gains (losses) arising during the period, before tax 21,936 Income tax (expense) benefit for changes arising during the period 2,982 Reclassification adjustments for (gains) losses included in net profit, before tax (6,071 ) Income tax benefit for reclassification adjustments 1,844 Amount attributable to non-controlling 53,769 Share of other comprehensive income (loss) of associates and joint ventures 1,368 Transfer from other reserves to retained earnings (64,158 ) At end of period ¥ 1,730,607 (1) The financial instruments at FVOCI reserve at beginning of period for the fiscal year ended March 31, 2019 is calculated under IFRS 9. For additional information, refer to Note 2 “Summary of Significant Accounting Policies”. |
Remeasurements of defined benefit plans [member] | |
Statement [LineItems] | |
Movement of Reserves | The movements of remeasurements of the defined benefit plans reserve for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) At beginning of period ¥ 76,102 ¥ 22,774 ¥ 18,985 Gains (losses) arising during the period, before tax (40,329 ) 73,662 8,134 Income tax (expense) benefit for changes arising during the period 12,407 (22,492 ) (2,315 ) Amount attributable to non-controlling 53 45 (1,568 ) Share of other comprehensive income (loss) of associates and joint ventures 760 58 (462 ) Transfer from other reserves to retained earnings 23,432 2,055 — At end of period ¥ 72,425 ¥ 76,102 ¥ 22,774 |
Available-for-sale financial assets [member] | |
Statement [LineItems] | |
Movement of Reserves | The movements of the available-for-sale For the fiscal year ended 2018 2017 (In millions) At beginning of period ¥ 1,929,894 ¥ 1,756,634 Gains (losses) arising during the period, before tax 582,435 371,438 Income tax (expense) benefit for changes arising during the period (184,128 ) (116,277 ) Reclassification adjustments for (gains) losses included in net profit, before tax (275,038 ) (109,990 ) Income tax benefit for reclassification adjustments 84,745 33,658 Amount attributable to non-controlling (15,653 ) (3,971 ) Share of other comprehensive income (loss) of associates and joint ventures 5 (1,598 ) At end of period ¥ 2,122,260 ¥ 1,929,894 |
Exchange differences on translating foreign operations [member] | |
Statement [LineItems] | |
Movement of Reserves | The movements of exchange differences on translating the foreign operations reserve for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) At beginning of period ¥ 125,987 ¥ 181,374 ¥ 216,336 Gains (losses) arising during the period, before tax 22,517 (75,409 ) (24,063 ) Income tax (expense) benefit for changes arising during the period 343 3,152 2,544 Reclassification adjustments for (gains) losses included in net profit, before tax (37,247 ) 49 (4 ) Income tax (expense) benefit for reclassification adjustments 131 (15 ) 1 Amount attributable to non-controlling 4,430 9,014 6,102 Share of other comprehensive income (loss) of associates and joint ventures (2,827 ) 7,822 (19,542 ) At end of period ¥ 113,334 ¥ 125,987 ¥ 181,374 |
Common stock [Member] | |
Statement [LineItems] | |
Number of Shares | The changes in the number of issued shares of common stock and common stock held by the Company or its subsidiaries during the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: For the fiscal year ended March 31, 2019 2018 2017 Outstanding In treasury Outstanding In treasury Outstanding In treasury At beginning of period 1,414,443,390 3,884,968 1,414,055,625 4,028,883 1,414,055,625 46,830,882 Net change (15,041,970 ) (84,050 ) 387,765 (143,915 ) — (42,801,999 ) (1) At end of period 1,399,401,420 3,800,918 1,414,443,390 3,884,968 1,414,055,625 4,028,883 (1) Includes a decrease of 42,820,864 shares through the sale of the Company’s shares held by SMBC. |
Preferred stock [Member] | |
Statement [LineItems] | |
Number of Shares | The following table shows the number of shares of preferred stock at March 31, 2019 and 2018. At March 31, 2019 At March 31, 2018 Authorized Issued Authorized Issued Type 5 preferred stock 167,000 — 167,000 — Type 7 preferred stock 167,000 — 167,000 — Type 8 preferred stock 115,000 — 115,000 — Type 9 preferred stock 115,000 — 115,000 — |
Non-controlling Interests and_2
Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Non-controlling Interests | Non-controlling At March 31, 2019 2018 (In millions) Preferred securities issued by subsidiaries ¥ 436,500 ¥ 730,153 Others 57,623 502,827 Total non-controlling ¥ 494,123 ¥ 1,232,980 |
Preferred Securities Issued by Subsidiaries | Preferred securities issued by subsidiaries Preferred securities issued by subsidiaries consisted of the following: Redemption at (1) At March 31, 2019 2018 (In millions) SMFG Preferred Capital USD 3 Limited (non-cumulative step-up July 2018 ¥ — ¥ 143,438 SMFG Preferred Capital GBP 2 Limited (non-cumulative step-up January 2029 — 37,215 SMFG Preferred Capital JPY 2 Limited Series A (non-cumulative step-up January 2019 — 113,000 Series B (non-cumulative July 2019 140,000 140,000 Series E (non-cumulative July 2019 33,000 33,000 SMFG Preferred Capital JPY 3 Limited Series A (non-cumulative step-up January 2020 99,000 99,000 Series B (non-cumulative January 2020 164,500 164,500 Preferred securities issued by subsidiaries ¥ 436,500 ¥ 730,153 (1) Subject to the prior approval of the Financial Services Agency of Japan (“FSA”), preferred securities are redeemable at any dividend payment date on and after a specific month in principle and the month shown in this column is such a specific month of each preferred security. |
Equity Attributable to Other Equity Instruments Holders | Equity attributable to other equity instruments holders at March 31, 2019 and 2018 consisted of the following: At March 31, 2019 2018 (In millions) Perpetual subordinated bonds ¥ 598,703 ¥ 599,522 Total equity attributable to other equity instruments holders ¥ 598,703 ¥ 599,522 |
Net Interest Income (Tables)
Net Interest Income (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Net Interest Income | Net interest income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Interest income from: Deposits with banks ¥ 103,798 ¥ 78,217 ¥ 45,770 Call loans and bills bought 16,400 19,362 12,065 Reverse repurchase agreements and cash collateral on securities borrowed 38,387 40,021 29,601 Investment securities 152,915 102,295 87,348 Loans and advances 2,094,850 1,904,175 1,725,477 Total interest income 2,406,350 2,144,070 1,900,261 Interest expense from: Deposits 601,365 382,753 249,028 Call money and bills sold 14,212 8,763 5,286 Repurchase agreements and cash collateral on securities lent 120,984 61,341 20,623 Borrowings 107,233 89,196 79,835 Debt securities in issue 256,035 190,774 146,937 Others 2,046 1,142 629 Total interest expense 1,101,875 733,969 502,338 Net interest income ¥ 1,304,475 ¥ 1,410,101 ¥ 1,397,923 |
Net Fee and Commission Income (
Net Fee and Commission Income (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Net Fee and Commission Income | Net fee and commission income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Fee and commission income from: Loans ¥ 118,225 ¥ 120,998 ¥ 128,305 Credit card business 290,034 289,509 261,253 Guarantees 63,112 62,934 58,221 Securities-related business 142,870 147,016 146,655 Deposits 12,650 16,169 15,929 Remittances and transfers 139,625 140,621 138,029 Safe deposits 4,546 5,224 5,414 Trust fees 4,629 3,854 3,607 Investment trusts 127,762 154,419 126,590 Agency 11,417 16,577 16,753 Others 186,907 174,043 165,656 Total fee and commission income 1,101,777 1,131,364 1,066,412 Fee and commission expense from: Remittances and transfers 42,150 40,214 39,419 Guarantees 1,572 3,750 3,434 Others 134,629 134,903 138,720 Total fee and commission expense 178,351 178,867 181,573 Net fee and commission income ¥ 923,426 ¥ 952,497 ¥ 884,839 |
Net Trading Income (Tables)
Net Trading Income (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Net Trading Income | Net trading income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Interest rate ¥ 176,352 ¥ 128,137 ¥ 79,650 Foreign exchange 92,835 87,322 51,143 Equity 46,576 48,047 39,478 Credit 3,667 5,735 13,063 Others 872 1,223 629 Total net trading income ¥ 320,302 ¥ 270,464 ¥ 183,963 |
Net Income (Loss) from Financ_2
Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss | Net income (loss) from financial assets at fair value through profit or loss for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Net income (loss) from debt instruments (1) ¥ 53,048 ¥ (1,775 ) ¥ 428 Net income from equity instruments 1,607 1,108 1,590 Total net income (loss) from financial assets at fair value through profit or loss ¥ 54,655 ¥ (667 ) ¥ 2,018 (1) Following the adoption of IFRS 9, net income (loss) from debt instruments includes all gains and losses arising mainly from financial assets which do not meet the conditions for SPPI. |
Net Investment Income (Tables)
Net Investment Income (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Net Investment Income | Net investment income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Net gain from disposal of debt instruments ¥ 6,072 ¥ 4,187 ¥ 39,484 Net gain from disposal of equity instruments (1) — 281,036 142,016 Dividend income 87,850 138,874 123,827 Total net investment income ¥ 93,922 ¥ 424,097 ¥ 305,327 (1) Following the adoption of IFRS 9, net gain from disposal of equity instruments elected to be measured at FVOCI is not transferred to profit or loss. |
Other Income (Tables)
Other Income (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Other Income | Other income for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Income from operating leases ¥ 235,044 ¥ 276,850 ¥ 250,460 Income related to disposal of assets leased 112,344 322,673 152,564 Income related to IT solution services 33,828 29,172 37,678 Gains on disposal of property, plant and equipment, and other intangible assets 541 852 937 Reversal of impairment losses of investments in associates and joint ventures 2,402 8,123 — Gains on step acquisition of subsidiaries — — 20,344 Others 121,507 118,185 111,842 Total other income ¥ 505,666 ¥ 755,855 ¥ 573,825 |
Impairment Charges on Financi_2
Impairment Charges on Financial Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Impairment Charges on Financial Assets | Impairment charges (reversals) on financial assets for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 (1) 2018 (2) 2017 (2) (In millions) Loans and advances ¥ 122,927 ¥ 126,623 ¥ 141,457 Loan commitments (9,771 ) — — Financial guarantees 6,529 — — Investment securities (3) 1 10,185 71,510 Total impairment charges on financial assets ¥ 119,686 ¥ 136,808 ¥ 212,967 (1) For the fiscal year ended March 31, 2019, impairment charges on the financial assets are determined in accordance with IFRS 9. (2) For the fiscal years ended March 31, 2018 and 2017, impairment charges on loans and advances and investment securities were determined in accordance with IAS 39, while losses for loan commitments and financial guarantee contracts were determined in accordance with IAS 37. (3) Investment securities, which were formerly available-for-sale |
General and Administrative Ex_2
General and Administrative Expenses (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of General and Administrative Expenses | General and administrative expenses for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Personnel expenses ¥ 803,821 ¥ 864,396 ¥ 833,755 Depreciation and amortization 168,564 171,043 172,496 Rent and lease expenses 112,660 117,400 115,425 Building and maintenance expenses 10,254 11,167 10,657 Supplies expenses 16,252 16,902 16,694 Communication expenses 35,030 38,171 37,250 Publicity and advertising expenses 63,669 80,464 79,570 Taxes and dues 82,792 83,976 85,967 Outsourcing expenses 100,495 96,733 96,063 Premiums for deposit insurance 35,555 37,938 38,180 Office equipment expenses 47,139 54,708 49,127 Others 239,137 240,223 216,951 Total general and administrative expenses ¥ 1,715,368 ¥ 1,813,121 ¥ 1,752,135 |
Other Expenses (Tables)
Other Expenses (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Other Expenses | Other expenses for the fiscal years ended March 31, 2019, 2018 and 2017 consisted of the following: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Cost of operating leases ¥ 120,412 ¥ 144,708 ¥ 126,320 Cost related to disposal of assets leased 101,218 310,460 140,255 Cost related to IT solution services and IT systems 96,727 92,975 92,247 Provision for interest repayment 47,293 49,879 11,439 Losses on disposal of property, plant and equipment, and other intangible assets 4,596 4,913 6,041 Impairment losses of property, plant and equipment 5,906 27,816 6,396 Impairment losses of intangible assets 66,665 35,666 74,788 Losses on sale of investments in subsidiaries and associates 2,677 28,250 — Impairment losses of investments in associates and joint ventures 50,679 19,851 14,941 Losses on step acquisition of subsidiaries 25,744 — — Others 53,740 78,247 59,332 Total other expenses ¥ 575,657 ¥ 792,765 ¥ 531,759 |
Income Tax Expense (Tables)
Income Tax Expense (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Detail of Income Tax Expense | The detail of income tax expense for the fiscal years ended March 31, 2019, 2018 and 2017 was as follows: For the fiscal year ended March 31, 2019 2018 2017 (In millions) Current tax: Charge for period (1) ¥ 173,683 ¥ 228,342 ¥ 260,234 Deferred tax: Origination and reversal of temporary differences 17,460 66,875 12,391 Change in the write-down of deferred tax assets on the current fiscal year income tax expense (6,837 ) (63,194 ) (132,859 ) Changes in tax rates and others (2) — (2,645 ) — Total deferred tax expense (benefit) 10,623 1,036 (120,468 ) Total income tax expense ¥ 184,306 ¥ 229,378 ¥ 139,766 (1) As a result of the adoption of IFRS 9, the current income tax expense of ¥103,264 million was recognized directly in equity for the fiscal year ended March 31, 2019. (2) The amount for the fiscal year ended March 31, 2018 mainly includes the effect of change in U.S. federal income tax rate which was changed from 36% to 21% effective January 1, 2018. |
Reconciliations of Effective Income Tax Rates | The following table shows the reconciliations of the effective income tax rates for the fiscal years ended March 31, 2019, 2018 and 2017. For the fiscal year ended March 31, 2019 2018 2017 (In millions, except percentages) Profit before tax ¥ 831,892 ¥ 1,118,976 ¥ 880,352 Income tax expense 184,306 229,378 139,766 Effective income tax rate 22.2 % 20.5 % 15.9 % Effective statutory tax rate in Japan (1) 30.6 % 30.9 % 30.9 % Nontaxable dividends received (4.8 %) (0.8 %) (1.0 %) Non-Japanese (3.0 %) (3.6 %) (1.9 %) Tax impact of impairment losses and reversal of impairment losses for investments in associates and joint ventures—net 1.8 % 0.3 % 0.5 % Tax impact of share of post-tax (1.5 %) (1.4 %) (1.0 %) Gains on step acquisition of subsidiaries and associates and joint ventures which were not taxable 1.0 % — (0.7 %) Effect of the change in the write-down of deferred tax assets on the current fiscal year income tax expense (2) (0.8 %) (5.7 %) (15.1 %) Tax impact of impairment losses of goodwill — 0.8 % 2.6 % Others—net (1.1 %) — 1.6 % Effective income tax rate 22.2 % 20.5 % 15.9 % (1) The effective statutory tax rate in Japan for the fiscal year ended March 31, 2019 is the aggregate of the effective corporation tax rate of 23.2%, the effective local corporation tax rate of 1.0%, the effective inhabitant tax rate of 3.8% and the effective enterprise tax rate of 2.6%, which is payable by corporate entities on taxable profits under the tax laws in Japan. The effective corporation tax rate and the effective enterprise tax rate were changed from 23.4% and 2.7%, which were applied to the fiscal years ended March 31, 2018 and 2017, respectively. (2) The effect for the fiscal year ended March 31, 2017 was primarily due to the reversal of the write-down of deferred tax assets at March 31, 2017 in accordance with the application to the Commissioner of the National Tax Agency for permission to adopt the consolidated corporate-tax |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Earnings Per Share | The following table shows the income and share data used in the basic and diluted earnings per share calculations for the fiscal years ended March 31, 2019, 2018 and 2017. For the fiscal year ended March 31, 2019 2018 2017 (In millions, except number of shares and Basic: Profit attributable to shareholders of the Company ¥ 541,932 ¥ 759,998 ¥ 627,870 Weighted average number of common stock in issue (in thousands of shares) 1,397,599 1,410,442 1,369,231 Basic earnings per share ¥ 387.76 ¥ 538.84 ¥ 458.56 Diluted: Profit attributable to the common shareholders of the Company ¥ 541,932 ¥ 759,998 ¥ 627,870 Impact of dilutive potential ordinary shares issued by subsidiaries (19 ) (10 ) (11 ) Net profit used to determine diluted earnings per share ¥ 541,913 ¥ 759,988 ¥ 627,859 Weighted average number of common stock in issue (in thousands of shares) 1,397,599 1,410,442 1,369,231 Adjustments for stock options (in thousands of shares) 924 1,052 1,093 Weighted average number of common stock for diluted earnings per share (in thousands of shares) 1,398,523 1,411,494 1,370,324 Diluted earnings per share ¥ 387.49 ¥ 538.43 ¥ 458.18 |
Transfers of Financial Assets (
Transfers of Financial Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Carrying Amounts and Fair Values of Transferred Financial Assets that did not Qualify for Derecognition and Associated Financial Liabilities | The following tables show the carrying amounts and fair values of transferred financial assets that did not qualify for derecognition and their associated financial liabilities at March 31, 2019 and 2018: At March 31, 2019 Repurchase Loans and advances Residential Corporate Others (1) (In millions) Carrying amount of assets ¥ 7,631,722 ¥ 1,478,989 ¥ 778,559 ¥ — Carrying amount of associated liabilities 6,530,794 1,189,055 770,434 — For those liabilities that have recourse only to the transferred assets: Fair value of assets ¥ — ¥ 1,663,279 ¥ 781,864 ¥ — Fair value of associated liabilities — 1,240,199 770,605 — Net position ¥ — ¥ 423,080 ¥ 11,259 ¥ — At March 31, 2018 Repurchase Loans and advances Residential Corporate Others (1) (In millions) Carrying amount of assets ¥ 7,730,783 ¥ 1,432,966 ¥ 857,690 ¥ 49,151 Carrying amount of associated liabilities 7,271,817 1,154,831 853,207 40,584 For those liabilities that have recourse only to the transferred assets: Fair value of assets ¥ — ¥ 1,615,329 ¥ 861,824 ¥ 48,254 Fair value of associated liabilities — 1,207,899 853,551 40,870 Net position ¥ — ¥ 407,430 ¥ 8,273 ¥ 7,384 (1) Others included loans and advances reclassified as assets held for sale and liabilities directly associated with the assets held for sale related to SMFL at March 31, 2018. SMFL became our joint venture on November 28, 2018. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” |
Assets Pledged and Received a_2
Assets Pledged and Received as Collateral (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Carrying Amounts of Assets Pledged as Collateral | The carrying amounts of assets pledged as collateral at March 31, 2019 and 2018 were as follows: At March 31, 2019 2018 (In millions) Cash and deposits with banks (1) ¥ 48,937 ¥ 32,010 Trading assets 2,111,979 2,423,002 Financial assets at fair value through profit or loss 1,208,409 1,518,748 Debt instruments at amortized cost 280,246 — Debt instruments at fair value through other comprehensive income 9,140,006 — Equity instruments at fair value through other comprehensive income 184,417 — Held-to-maturity — 365,450 Available-for-sale — 10,648,468 Loans and advances (1) 10,118,591 11,019,253 Other assets (1) 1,738,945 1,825,987 Total ¥ 24,831,530 ¥ 27,832,918 (1) At March 31, 2018, cash and deposits with banks, loans and advances, and other assets include those of SMFL, which were classified as assets held for sale. For additional information, refer to Note 50 “Assets and Disposal Groups Held for Sale.” |
Share-based Payment (Tables)
Share-based Payment (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Significant Terms and Conditions of Stock Option Plan | The following table provides an overview of the significant terms and conditions of the stock option plan. Title of grantees Exercise period Requisite service period Method of settlement SMFG Stock Acquisition Rights Directors, corporate auditors and executive officers of SMFG and SMBC Not exceeding 30 years from the date of allocation of stock acquisition rights (1) One year from the date of the ordinary general meeting of shareholders of SMFG to the closing of the next ordinary general meeting of shareholders of SMFG Common stock of SMFG (1) A stock acquisition rights holder can exercise the rights from the day they are relieved of their positions either as a director, a corporate auditor or an executive officer (“Start of Exercise Date”) to 20 years from the Start of Exercise Date. |
Number and Weighted Average Exercise Prices of Stock Options | The number and the weighted average exercise prices of stock options for the fiscal years ended March 31, 2019 and 2018 were as follows: For the fiscal year ended March 31, 2019 2018 Number of (1) Weighted Number of (1) Weighted Outstanding at beginning of period 1,003,000 ¥ 1 1,180,000 ¥ 1 Exercised (103,600 ) 1 (174,700 ) 1 Forfeited or expired — — (2,300 ) 1 Outstanding at end of period 899,400 ¥ 1 1,003,000 ¥ 1 Exercisable at end of period 498,600 ¥ 1 463,100 ¥ 1 (1) Number of options is the number of SMFG’s common stock granted by the exercise of stock options. |
Summarized Information about Stock Options Outstanding | Summarized information about stock options outstanding at March 31, 2019 and 2018 was as follows: At March 31, 2019 2018 Exercise Number of Remaining Number of Remaining SMFG Stock Acquisition Rights ¥ 1 899,400 24.3 1,003,000 25.3 |
Summary of Restricted Shares | The number of restricted shares and the fair value of restricted shares at the measurement date for the fiscal year ended March 31, 2019 and 2018 were as follows: For the fiscal year ended 2019 2018 Outstanding at beginning of period 387,765 — Allotted 326,330 387,765 Released (11,892 ) — Forfeited — — Outstanding at end of period 702,203 387,765 Fair value at measurement date ¥ 4,287 ¥ 4,372 |
Dividends Per Share (Tables)
Dividends Per Share (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Dividends Per Share | The dividends recognized by the SMBC Group for the fiscal years ended March 31, 2019, 2018 and 2017 were as follows: Dividends per share Aggregate amount (In yen) (In millions) For the fiscal year ended March 31, 2019: Common stock ¥ 175 ¥ 245,577 For the fiscal year ended March 31, 2018: Common stock ¥ 155 ¥ 218,596 For the fiscal year ended March 31, 2017: Common stock ¥ 150 ¥ 205,083 |
Contingency and Capital Commi_2
Contingency and Capital Commitments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Nominal Amounts of Undrawn Loan Commitments and Financial Guarantees and Other Credit-Related Contingent Liabilities | The table below shows the nominal amounts of undrawn loan commitments, and financial guarantees and other credit-related contingent liabilities at March 31, 2019 and 2018. At March 31, 2019 2018 (In millions) Loan commitments ¥ 62,724,820 ¥ 60,107,128 Financial guarantees and other credit-related contingent liabilities 9,409,066 8,426,245 Total ¥ 72,133,886 ¥ 68,533,373 |
Analysis of Financial Assets _2
Analysis of Financial Assets and Liabilities by Measurement Basis (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Carrying Amounts of Financial Assets and Liabilities by Category and Line Item | The following tables present the carrying amounts of the financial assets and liabilities, by category and by line item, of the consolidated statements of financial position. At March 31, 2019 Financial assets and Financial assets and Debt instruments at Equity instruments at Total (In millions) Financial assets: Cash and deposits with banks ¥ — ¥ 57,763,441 ¥ — ¥ — ¥ 57,763,441 Call loans and bills bought — 2,465,745 — — 2,465,745 Reverse repurchase agreements and cash collateral on securities borrowed — 10,345,994 — — 10,345,994 Trading assets 2,767,691 — — — 2,767,691 Derivative financial instruments 3,382,574 — — — 3,382,574 Financial assets at fair value through profit or loss 2,641,416 — — — 2,641,416 Investment securities — 318,914 13,333,221 4,172,892 17,825,027 Loans and advances — 90,682,938 — — 90,682,938 Other financial assets (1) — 3,609,129 — — 3,609,129 Total ¥ 8,791,681 ¥ 165,186,161 ¥ 13,333,221 ¥ 4,172,892 ¥ 191,483,955 Financial liabilities: Deposits (2) ¥ 666 ¥ 134,403,986 ¥ — ¥ — ¥ 134,404,652 Call money and bills sold — 1,307,779 — — 1,307,779 Repurchase agreements and cash collateral on securities lent — 12,887,249 — — 12,887,249 Trading liabilities 1,998,694 — — — 1,998,694 Derivative financial instruments 3,051,773 — — — 3,051,773 Borrowings (2) 1,716 12,166,142 — — 12,167,858 Debt securities in issue (2) (4,676 ) 11,175,885 — — 11,171,209 Other financial liabilities (1) — 5,596,513 — — 5,596,513 Total ¥ 5,048,173 ¥ 177,537,554 ¥ — ¥ — ¥ 182,585,727 At March 31, 2018 Financial Held-to-maturity Loans and Available-for-sale Financial Total (In millions) Financial assets: Cash and deposits with banks (3) ¥ 4,773 ¥ — ¥ 54,691,296 ¥ — ¥ — ¥ 54,696,069 Call loans and bills — — 1,881,880 — — 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed — — 8,491,703 — — 8,491,703 Trading assets 3,169,123 — — — — 3,169,123 Derivative financial instruments 3,885,271 — — — — 3,885,271 Financial assets at fair value through profit or loss 1,547,672 — — — — 1,547,672 Investment securities (3) 2,588 372,459 — 20,120,028 — 20,495,075 Loans and advances (3) 3,169 — 85,125,901 — — 85,129,070 Other financial assets (1) — — 3,598,642 — — 3,598,642 Financial assets included in assets held for sale 1,693 — 3,098,196 108,882 — 3,208,771 Total ¥ 8,614,289 ¥ 372,459 ¥ 156,887,618 ¥ 20,228,910 ¥ — ¥ 186,103,276 Financial liabilities: Deposits (3) ¥ 13,929 ¥ — ¥ — ¥ — ¥ 128,447,598 ¥ 128,461,527 Call money and bills sold — — — — 1,190,929 1,190,929 Repurchase agreements and cash collateral on securities lent — — — — 12,022,593 12,022,593 Trading liabilities 2,143,899 — — — — 2,143,899 Derivative financial instruments 3,498,016 — — — — 3,498,016 Borrowings (3) 1,198 — — — 10,651,283 10,652,481 Debt securities in (3) (7,635 ) — — — 10,576,752 10,569,117 Other financial liabilities (1) — — — — 6,691,042 6,691,042 Financial liabilities included in liabilities directly associated with the assets held for sale 5,971 — — — 3,371,556 3,377,527 Total ¥ 5,655,378 ¥ — ¥ — ¥ — ¥ 172,951,753 ¥ 178,607,131 (1) Other financial assets and liabilities comprise of those included in other assets and liabilities, which meet the definition of a financial asset and liability. (2) Embedded derivatives, which are separately accounted for, but presented together with the host contract in the consolidated statements of financial position under IFRS 9, are disclosed in this table within the category of “Financial assets and liabilities at fair value through profit or loss.” Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in this table as liabilities to be consistent with the line of the host contract. (3) Embedded derivatives, which were separately accounted for, but presented together with the host contract in the consolidated statements of financial position under IAS 39, are disclosed in this table within the category of “Financial assets and liabilities at fair value through profit or loss.” Although the separated embedded derivatives had a positive or a negative fair value, they have been presented in this table as assets or liabilities to be consistent with the line of the host contract. |
Fair Value of Financial Asset_2
Fair Value of Financial Assets and Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Carrying Amounts of Financial Assets and Liabilities Carried at Fair Value | The following tables present the carrying amounts of financial assets and liabilities carried at fair value based on the three levels of the fair value hierarchy at March 31, 2019 and 2018. At March 31, 2019 Level 1 (1) Level 2 (1) Level 3 Total (In millions) Financial assets: Trading assets: Debt instruments ¥ 2,091,355 ¥ 389,548 ¥ — ¥ 2,480,903 Equity instruments 281,030 5,758 — 286,788 Total trading assets 2,372,385 395,306 — 2,767,691 Derivative financial instruments: Interest rate derivatives 68,942 1,939,591 212 2,008,745 Currency derivatives 22 1,286,614 274 1,286,910 Equity derivatives 33,802 25,579 4,236 63,617 Commodity derivatives 445 7,072 — 7,517 Credit derivatives — 10,236 5,549 15,785 Total derivative financial instruments 103,211 3,269,092 10,271 3,382,574 Financial assets at fair value through profit or loss: Debt instruments (2) 223,832 1,834,718 562,136 2,620,686 Equity instruments 1,810 209 18,711 20,730 Total financial assets at fair value through profit or loss 225,642 1,834,927 580,847 2,641,416 Investment securities at fair value through other comprehensive income: Japanese government bonds 5,027,695 — — 5,027,695 U.S. Treasury and other U.S. government agency bonds 4,426,635 — — 4,426,635 Other debt instruments 646,806 3,232,085 — 3,878,891 Total debt instruments 10,101,136 3,232,085 — 13,333,221 Equity instruments 3,749,430 11,115 412,347 4,172,892 Total investment securities at fair value through other comprehensive income 13,850,566 3,243,200 412,347 17,506,113 Total ¥ 16,551,804 ¥ 8,742,525 ¥ 1,003,465 ¥ 26,297,794 Financial liabilities: Trading liabilities: Debt instruments ¥ 1,777,666 ¥ 58,194 ¥ — ¥ 1,835,860 Equity instruments 66,896 95,938 — 162,834 Total trading liabilities 1,844,562 154,132 — 1,998,694 Derivative financial instruments: Interest rate derivatives 49,170 1,775,883 — 1,825,053 Currency derivatives — 1,112,769 9 1,112,778 Equity derivatives 59,166 37,004 — 96,170 Commodity derivatives 415 5,433 — 5,848 Credit derivatives — 11,370 554 11,924 Total derivative financial instruments 108,751 2,942,459 563 3,051,773 Others (3) — (1,859 ) (435 ) (2,294 ) Total ¥ 1,953,313 ¥ 3,094,732 ¥ 128 ¥ 5,048,173 At March 31, 2018 Level 1 (1) Level 2 (1) Level 3 Total (In millions) Financial assets: Trading assets: Debt instruments ¥ 2,424,460 ¥ 416,688 ¥ — ¥ 2,841,148 Equity instruments 307,942 20,033 — 327,975 Total trading assets 2,732,402 436,721 — 3,169,123 Derivative financial instruments: Interest rate derivatives (4) 38,760 2,033,894 — 2,072,654 Currency derivatives (4) — 1,724,387 14 1,724,401 Equity derivatives 48,154 21,310 1,880 71,344 Commodity derivatives 402 6,114 — 6,516 Credit derivatives — 7,382 4,667 12,049 Total derivative financial instruments 87,316 3,793,087 6,561 3,886,964 Financial assets at fair value through profit or loss: Debt instruments — 1,518,778 10,143 1,528,921 Equity instruments 541 153 18,057 18,751 Total financial assets at fair value through profit or loss 541 1,518,931 28,200 1,547,672 Available-for-sale Japanese government bonds 7,685,303 — — 7,685,303 U.S. Treasury and other U.S. government agency bonds 3,246,646 — — 3,246,646 Other debt instruments 700,500 2,650,103 154 3,350,757 Equity instruments (4) 4,307,274 797,166 844,352 5,948,792 Total available-for-sale 15,939,723 3,447,269 844,506 20,231,498 Others (5) — 7,942 — 7,942 Total ¥ 18,759,982 ¥ 9,203,950 ¥ 879,267 ¥ 28,843,199 Financial liabilities: Trading liabilities: Debt instruments ¥ 1,948,602 ¥ 60,109 ¥ — ¥ 2,008,711 Equity instruments 33,174 102,014 — 135,188 Total trading liabilities 1,981,776 162,123 — 2,143,899 Derivative financial instruments: Interest rate derivatives (4) 30,760 1,947,673 — 1,978,433 Currency derivatives (4) 19 1,406,759 14 1,406,792 Equity derivatives 78,088 27,261 — 105,349 Commodity derivatives 464 4,484 — 4,948 Credit derivatives — 8,043 422 8,465 Total derivative financial instruments 109,331 3,394,220 436 3,503,987 Others (5) — 6,659 833 7,492 Total ¥ 2,091,107 ¥ 3,563,002 ¥ 1,269 ¥ 5,655,378 (1) Transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the period. There were no significant transfers between Level 1 and Level 2 for the fiscal years ended March 31, 2019 and 2018. (2) Since the adoption of IFRS 9, certain loans and advances, which were not carried at fair value and presented as “Loans and advances” in the consolidated statements of financial position under IAS 39 at March 31, 2018, are carried at fair value and presented as “Financial assets at fair value through profit or loss—Debt instruments.” (3) At March 31, 2019, derivatives embedded in financial liabilities are separately accounted for, but presented together with the host contract in the consolidated statement of financial position. In this table, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in this table as liabilities to be consistent with the host contract. The separated embedded derivatives are measured at fair value using the valuation techniques described in “Derivative financial instruments” below. (4) Interest rate derivatives and currency derivatives presented as derivative financial instruments (financial assets) include those at SMFL, which are reclassified as assets held for sale in the consolidated statement of financial position, of ¥533 million and ¥1,160 million, respectively. These derivative financial instruments are categorized within Level 2. Equity instruments which are presented as available-for-sale (5) At March 31, 2018, derivatives embedded in financial assets or liabilities are separately accounted for, but presented together with the host contract in the consolidated statement of financial position. In this table, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others, while the remaining are presented within the same category as the host contract. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in this table as assets or liabilities to be consistent with the host contract. The separated embedded derivatives are measured at fair value using the valuation techniques described in “Derivative financial instruments” below. |
Reconciliations for Financial Assets and Liabilities Carried at Fair Value | The following tables present reconciliations from the beginning to the ending balances for financial assets and liabilities carried at fair value and categorized within Level 3 of the fair value hierarchy for the fiscal years ended March 31, 2019 and 2018. At April 1, (1) Total gains (losses) Purchases (2) Sales (2) Settlement (3) Transfers into (4) Transfers out of (4) At March 31, Changes in Included in Included in (In millions) Derivative financial instruments—net: Interest rate derivatives—net ¥ — ¥ 145 ¥ — ¥ 72 ¥ (5 ) ¥ — ¥ — ¥ — ¥ 212 ¥ 212 Currency derivatives—net — 70 — 195 — — — — 265 70 Equity derivatives—net 1,880 5,165 — 927 (3,736 ) — — — 4,236 3,071 Credit derivatives—net 4,245 5,640 142 — — (5,032 ) — — 4,995 5,660 Total derivative financial instruments—net 6,125 11,020 142 1,194 (3,741 ) (5,032 ) — — 9,708 9,013 Financial assets at fair value through profit or loss (5) Debt instruments 536,357 (193 ) 24 256,214 (123,589 ) (106,677 ) — — 562,136 819 Equity instruments 16,981 (1,734 ) — 5,519 (709 ) (672 ) 74 (748 ) 18,711 (2,037 ) Total financial assets at fair value through 553,338 (1,927 ) 24 261,733 (124,298 ) (107,349 ) 74 (748 ) 580,847 (1,218 ) Investment securities at fair value through other comprehensive income: Debt instruments 154 — — — — — — (154 ) — — Equity instruments 479,975 — (43,355 ) 7,569 (8,804 ) (21,088 ) — (1,950 ) 412,347 — Total investment securities at fair value through other comprehensive income 480,129 — (43,355 ) 7,569 (8,804 ) (21,088 ) — (2,104 ) 412,347 — Others (6) (833 ) 1,226 — — — — 42 — 435 1,159 Total ¥ 1,038,759 ¥ 10,319 ¥ (43,189 ) ¥ 270,496 ¥ (136,843 ) ¥ (133,469 ) ¥ 116 ¥ (2,852 ) ¥ 1,003,337 ¥ 8,954 At April 1, Total gains (losses) Sales Settlement (7) Transfers into (4) Transfers out of Level 3 (4) At March 31, Changes in Included in Included in (In millions) Derivative financial instruments—net: Interest rate derivatives—net ¥ 2 ¥ (45 ) ¥ — ¥ 43 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ — Currency derivatives—net 1 (1 ) — — — — — — — (1 ) Equity derivatives—net 1,327 1,106 — 474 (1,027 ) — — — 1,880 1,499 Credit derivatives—net 2,731 8,103 (158 ) — — (6,456 ) 25 — 4,245 8,103 Total derivative financial instruments—net 4,061 9,163 (158 ) 517 (1,027 ) (6,456 ) 25 — 6,125 9,601 Financial assets at fair value through Debt instruments 12,053 (1,731 ) — — — (149 ) — (30 ) 10,143 (1,731 ) Equity instruments 14,286 378 — 4,915 (648 ) (102 ) — (772 ) 18,057 109 Total financial assets at fair value through profit or loss 26,339 (1,353 ) — 4,915 (648 ) (251 ) — (802 ) 28,200 (1,622 ) Available-for-sale (5) Debt instruments 526 1,600 (13 ) — (1,613 ) (346 ) — — 154 (13 ) Equity instruments (8) 836,252 (3,612 ) 46,367 68,241 (8,480 ) (73,897 ) 624 (21,143 ) 844,352 (6,380 ) Total available-for-sale 836,778 (2,012 ) 46,354 68,241 (10,093 ) (74,243 ) 624 (21,143 ) 844,506 (6,393 ) Others (6) 303 (812 ) — — — — (324 ) — (833 ) (856 ) Total ¥ 867,481 ¥ 4,986 ¥ 46,196 ¥ 73,673 ¥ (11,768 ) ¥ (80,950 ) ¥ 325 ¥ (21,945 ) ¥ 877,998 ¥ 730 (1) Changes arising from reclassification and any associated remeasurement have been made to reflect the adoption of IFRS 9. (2) Purchases and sales of debt instruments at fair value through profit or loss mainly include those of loans and advances which are held within a business model whose objective is not to hold those assets to collect contractual cash flows, but to hold those assets for sale. (3) For the fiscal year ended March 31, 2019, settlements for equity instruments include redemption of preferred stocks, receipt of cash distributions which represent a return of equity instruments. Settlements also include reclassification from debt instruments at fair value through profit or loss and equity instruments at fair value through other comprehensive income to investments in joint ventures as a result of applying the equity method for SMFL. (4) Transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the period. For the fiscal years ended March 31, 2019 and 2018, transfers out of Level 3 amounted to ¥2,852 million and ¥21,945 million, respectively. These transfers out of Level 3 are primarily due to an increase in observability of certain private equity investments. (5) Financial assets which do not meet the conditions for SPPI, such as investment funds, classified as available-for-sale (6) Embedded derivatives are separately accounted for, but presented together with the host contract in the consolidated statements of financial position. In these tables, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in these tables as liabilities to be consistent with the host contract. (7) For the fiscal year ended March 31, 2018, settlements for equity instruments include redemption of preferred stocks, receipt of cash distributions which represent a return of investment, and reclassification from available-for-sale (8) Equity instruments which are presented as available-for-sale |
Total and Changes in Unrealized Gains or Losses Included in Profit or Loss for Level 3 Financial Assets and Liabilities | The following table presents total gains or losses included in profit or loss for the Level 3 financial assets and liabilities, and changes in unrealized gains or losses included in profit or loss related to those financial assets and liabilities held at March 31, 2019 and 2018 by line item of the consolidated income statements. Total gains (losses) Changes in to assets 2019 2018 2019 2018 (In millions) Net interest income ¥ 2,357 ¥ 1,273 ¥ 2,113 ¥ 762 Net trading income 9,889 7,064 8,059 7,970 Net income (loss) from financial assets at fair value through profit or loss (1,927 ) (1,353 ) (1,218 ) (1,622 ) Net investment income — 4,399 — — Impairment charges on financial assets (1) — (6,397 ) — (6,380 ) Total ¥ 10,319 ¥ 4,986 ¥ 8,954 ¥ 730 (1) Impairment charges on debt instruments categorized within Level 3 are nil for the fiscal year ended March 31, 2019. Equity instruments classified as available-for-sale |
Summary of Aggregate Deferred Day One Profit Yet to Be Recognized in Profit | The aggregate deferred day one profit yet to be recognized in profit or loss at the beginning and end of the fiscal year ended March 31, 2019 and reconciliation of changes in the balances were as follows: For the fiscal year ended (In millions) Balance at beginning of period (1) ¥ 7,408 Increase due to new trades 2,054 Reduction due to redemption, sales or passage of time (4,177 ) Balance at end of period ¥ 5,285 (1) Deferred day one profit or loss is disclosed for the fiscal year ended March 31, 2019, reflecting the adoption of IFRS 9. The SMBC Group did not have any significant deferred day one profit and loss for the fiscal year ended at March 31, 2018. |
Quantitative Information about Significant Unobservable Inputs Used in Fair Value Measurement for Level 3 Financial Assets and Liabilities | The following tables present quantitative information about significant unobservable inputs used in fair value measurement for Level 3 financial assets and liabilities at March 31, 2019 and 2018. At March 31, 2019 Fair value Valuation technique(s) (1) Significant unobservable inputs (1) Range of inputs (1) (In millions) Financial assets: Derivative financial instruments: Interest rate derivatives ¥ 212 Option model Interest rate to interest rate correlation 53%-100% Currency derivatives 274 Option model Foreign exchange volatility 8%-14% Interest rate to interest rate correlation 69%-83% Equity derivatives 4,236 Option model Equity volatility 22%-81% Equity to equity correlation 45%-94% Quanto correlation (28)%-42% Credit derivatives 5,549 CDO pricing model Additional withdrawal ratio 47% Credit Default model Quanto correlation 15%-90% Financial assets at fair value through profit or loss: Debt instruments 562,136 Monte Carlo Simulation Equity volatility 10%-42% DCF model Probability of default rate 0%-41% Loss given default rate 20%-100% Net asset value (3) — — Equity instruments 18,711 Market multiples Price/Earnings multiple 7.5x-13.4x EV/EBITDA multiple 4.8x Liquidity discount 0%-20% See note (2) below — — Investment securities at fair value through other comprehensive income: Equity instruments 412,347 Market multiples Price/Book value multiple 0.2x-2.3x Price/Earnings multiple 7.9x-31.3x EV/EBITDA multiple 6.3x-14.4x Liquidity discount 20% See note (2) below — — Financial liabilities: Derivative financial instruments: Currency derivatives ¥ 9 Option model Foreign exchange volatility 9%-14% Credit derivatives 554 Credit Default model Quanto correlation 20%-30% Others (4) (435 ) Option model Equity volatility 29%-44% Equity to equity correlation 45%-94% Interest rate to interest rate correlation 22%-100% Quanto correlation (28)%-59% Credit Default model Quanto correlation 15%-90% At March 31, 2018 Fair value Valuation technique(s) (1) Significant unobservable inputs (1) Range of inputs (1) (In millions) Financial assets: Derivative financial instruments: Currency derivatives ¥ 14 Option model Foreign exchange volatility 10%-14% Equity derivatives 1,880 Option model Equity volatility 11%-52% Equity to equity correlation 45%-94% Credit derivatives 4,667 CDO pricing model Additional withdrawal ratio 48% Credit Default model Quanto correlation 15%-90% Financial assets at fair value through profit or loss: Debt instruments 10,143 Monte Carlo Simulation Equity volatility 12%-25% Equity instruments 18,057 Market multiples Price/Earnings multiple 8.3x-19.5x EV/EBITDA multiple 8.7x Liquidity discount 0%-20% See note (2) below — — Available-for-sale Debt instruments 154 DCF method Discount margin 8% Equity instruments (5) 844,352 Market multiples Price/Book value multiple 0.3x-2.4x Price/Earnings multiple 11.7x-31.4x EV/EBITDA multiple 5.4x-16.8x Liquidity discount 20% Monte Carlo Simulation Equity volatility 42%-51% Net asset value (3) — — See note (2) below — — Financial liabilities: Derivative financial instruments: Currency derivatives ¥ 14 Option model Foreign exchange volatility 10%-14% Credit derivatives 422 Credit Default model Quanto correlation 20%-30% Others (4) 833 Option model Equity volatility 23%-38% Equity to equity correlation 45%-94% Interest rate to interest rate correlation 31%-100% Credit Default model Quanto correlation 15%-90% (1) Valuation techniques and unobservable inputs for insignificant Level 3 financial assets and liabilities are excluded. (2) Fair values of certain equity instruments such as unlisted stocks are estimated on the basis of an analysis of the investee’s financial position and results, risk profile, prospects and other factors. A range of key inputs is not provided in the table as it is not practical to do so given the nature of such valuation techniques. (3) The SMBC Group has determined that the net asset value represents fair values of certain investment funds. (4) Embedded derivatives are separately accounted for, but presented together with the host contract in the consolidated statements of financial position. In these tables, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in these tables as liabilities to be consistent with the host contract. (5) Equity instruments which are classified as available-for-sale |
Impact of Valuation Sensitivity | The fair value of certain financial assets and liabilities are measured using valuation techniques based on inputs such as prices and rates that are not observable in the market. The following tables present the impact of the valuation sensitivity, if these inputs fluctuate to the extent deemed reasonable and the volatility of such inputs has a significant impact on the fair value. At March 31, 2019 Total fair value Effect recorded in Effect recorded Favorable Unfavorable Favorable Unfavorable (In millions) Financial assets: Derivative financial instruments: Interest rate derivatives ¥ 212 ¥ 2 ¥ 14 ¥ — ¥ — Currency derivatives 274 14 21 — — Equity derivatives 4,236 541 530 — — Credit derivatives 5,549 2,008 5,904 — — Financial assets at fair value through profit or loss: Debt instruments 562,136 4,038 11,636 — — Equity instruments 18,711 34 34 — — Investment securities at fair value through other comprehensive income: Equity instruments 412,347 — — 11,843 10,848 Financial liabilities: Derivative financial instruments: Currency derivatives ¥ 9 ¥ 1 ¥ 1 ¥ — ¥ — Credit derivatives 554 32 32 — — Others (1) (435 ) 1,651 2,650 — — At March 31, 2018 Total fair value Effect recorded in Effect recorded Favorable Unfavorable Favorable Unfavorable (In millions) Financial assets: Derivative financial instruments: Currency derivatives ¥ 14 ¥ 80 ¥ 1 ¥ — ¥ — Equity derivatives 1,880 271 310 — — Credit derivatives 4,667 4,515 11,765 — — Financial assets at fair value through profit or loss: Debt instruments 10,143 278 — — — Equity instruments 18,057 361 336 — — Available-for-sale Debt instruments 154 — — 4 2 Equity instruments (2) 844,352 — — 26,835 25,290 Financial liabilities: Derivative financial instruments: Currency derivatives ¥ 14 ¥ 2 ¥ 80 ¥ — ¥ — Credit derivatives 422 35 35 — — Others (1) 833 1,375 3,090 — — (1) Embedded derivatives are separately accounted for, but presented together with the host contract in the consolidated statements of financial position. In these tables, the embedded derivatives whose host contracts are carried at amortized cost are presented within Others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in these tables as liabilities to be consistent with the host contract. (2) Equity instruments which are classified as available-for-sale |
Financial Assets and Liabilities Not Carried at Fair Value | The tables below present the carrying amounts and fair values by level within the fair value hierarchy, as described in “Financial Assets and Liabilities Carried at Fair Value—Fair Value Hierarchy,” of financial assets and liabilities not carried at fair value on the SMBC Group’s consolidated statements of financial position at March 31, 2019 and 2018. At March 31, 2019 Carrying Fair value Notes Total Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and deposits with banks a ¥ 57,763,441 ¥ 57,766,549 ¥ 56,716,529 ¥ 1,050,020 ¥ — Call loans and bills bought: Call loans a 2,459,098 2,459,774 — 2,459,774 — Bills bought a 6,647 6,645 — 6,645 — Reverse repurchase agreements and cash collateral on securities borrowed a 10,345,994 10,345,889 — 10,345,889 — Investment securities: Debt instruments at amortized cost b 318,914 319,871 281,136 38,735 — Loans and advances a 90,682,938 93,451,467 — 290,997 93,160,470 Other financial assets a 3,609,129 3,606,414 — 3,551,947 54,467 Financial liabilities: Deposits: Non-interest-bearing c ¥ 89,969,579 ¥ 89,970,579 ¥ — ¥ 89,970,579 ¥ — Other deposits c 44,435,073 44,435,139 — 44,435,139 — Call money and bills sold: Call money c 1,307,779 1,307,710 — 1,307,710 — Bills sold c — — — — — Repurchase agreements and cash collateral on securities lent c 12,887,249 12,887,249 — 12,887,249 — Borrowings c 12,167,858 12,268,394 — 12,244,136 24,258 Debt securities in issue c 11,171,209 11,304,119 — 11,037,252 266,867 Other financial liabilities c 5,596,513 5,596,506 — 5,553,389 43,117 At March 31, 2018 Carrying Fair value Notes Total Level 1 Level 2 Level 3 (In millions) Financial assets: Cash and deposits with banks a ¥ 54,696,069 ¥ 54,708,231 ¥ 53,401,133 ¥ 1,307,098 ¥ — Call loans and bills bought: Call loans a 1,858,802 1,859,176 — 1,859,176 — Bills bought a 23,078 23,051 — 23,051 — Reverse repurchase agreements and cash collateral on securities borrowed a 8,491,703 8,491,858 — 8,491,858 — Investment securities: Held-to-maturity d 372,459 374,597 374,597 — — Loans and advances a 85,129,070 87,538,646 — 258,673 87,279,973 Other financial assets a 3,598,642 3,595,216 — 3,429,143 166,073 Financial assets included in assets held for sale a 3,098,196 3,224,902 3,824 84,058 3,137,020 Financial liabilities: Deposits: Non-interest-bearing c ¥ 84,121,443 ¥ 84,121,124 ¥ — ¥ 84,121,124 ¥ — Other deposits c 44,340,084 44,339,583 — 44,339,583 — Call money and bills sold: Call money c 1,190,929 1,190,936 — 1,190,936 — Bills sold c — — — — — Repurchase agreements and cash collateral on securities lent c 12,022,593 12,022,593 — 12,022,593 — Borrowings c 10,652,481 10,761,610 — 10,739,893 21,717 Debt securities in issue c 10,569,117 10,767,745 — 10,587,917 179,828 Other financial liabilities c 6,691,042 6,691,016 — 6,571,846 119,170 Financial liabilities included in liabilities directly associated with the assets held for sale c 3,371,556 3,380,139 — 3,380,139 — Notes: a. Note that some of the financial assets in this category include embedded derivatives, which are separately accounted for, but presented together with the host contract at March 31, 2018. (i) The carrying amounts of deposits with banks without maturity and loans with no specified repayment dates represent a reasonable estimate of fair value, considering the nature of these financial instruments. (ii) Financial assets with a remaining maturity of six months or less: The carrying amounts represent a reasonable estimate of fair value. (iii) Financial assets with a remaining maturity of more than six months: Except for impaired loans and advances, the fair values are mostly determined using discounted cash flow models taking into account certain factors including counterparties’ credit ratings, pledged collateral, and market interest rates. The fair values of impaired loans and advances are generally determined by discounting the estimated future cash flows over the time period they are expected to be recovered, and may be based on the appraisal value of underlying collateral as appropriate. b. The fair values of debt instruments at amortized cost are determined using quoted prices in active markets or observable inputs other than quoted prices in active markets. c. Note that some of the financial liabilities in this category include embedded derivatives, which are separately accounted for, but presented together with the host contract at March 31, 2019 and 2018. (i) The carrying amounts of demand deposits and deposits without maturity represent a reasonable estimate of fair value, considering the nature of these financial instruments. (ii) Financial liabilities with a remaining maturity of six months or less: The carrying amounts represent a reasonable estimate of fair value. (iii) Financial liabilities with a remaining maturity of more than six months: The fair values are, in principle, based on the present values of future cash flows calculated using the refinancing rate applied to the same type of instruments for similar remaining maturities. The fair values of debt securities in issue are based on the present values of future cash flows calculated using the rate derived from yields of bonds issued by SMFG, SMBC and other subsidiaries and publicly offered subordinated bonds published by securities firms. d. The fair values of held-to-maturity |
Offsetting of Financial Asset_2
Offsetting of Financial Assets and Liabilities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Summary of Offsetting of Financial Assets and Liabilities | The following tables present the information about the impact of offsetting of financial assets and liabilities in the consolidated statements of financial position in accordance with the criteria described in Note 2 “Summary of Significant Accounting Policies,” as well as the impact of netting of financial instruments that are subject to enforceable master netting arrangements or similar agreements but do not qualify for the offsetting criteria at March 31, 2019 and 2018. At March 31, 2019 Gross amounts Gross amounts (1) Net amounts Related amounts not offset in (2) Financial (3) Cash collateral Net amounts (In millions) Financial assets (4) Reverse repurchase agreements and cash collateral on securities borrowed ¥ 11,462,683 ¥ (1,116,689 ) ¥ 10,345,994 ¥ (10,243,455 ) ¥ — ¥ 102,539 Derivative financial instruments 3,881,854 (499,280 ) 3,382,574 (1,798,712 ) (316,886 ) 1,266,976 Total ¥ 15,344,537 ¥ (1,615,969 ) ¥ 13,728,568 ¥ (12,042,167 ) ¥ (316,886 ) ¥ 1,369,515 Financial liabilities (4) Repurchase agreements and cash collateral on securities lent ¥ 14,003,938 ¥ (1,116,689 ) ¥ 12,887,249 ¥ (12,885,505 ) ¥ — ¥ 1,744 Derivative financial instruments 3,643,981 (592,208 ) 3,051,773 (1,803,566 ) (472,156 ) 776,051 Total ¥ 17,647,919 ¥ (1,708,897 ) ¥ 15,939,022 ¥ (14,689,071 ) ¥ (472,156 ) ¥ 777,795 At March 31, 2018 Gross amounts Gross amounts (1) Net amounts Related amounts not offset in (2) Financial (3) Cash collateral Net amounts (In millions) Financial assets (4) Reverse repurchase agreements and cash collateral on securities borrowed ¥ 9,346,594 ¥ (854,891 ) ¥ 8,491,703 ¥ (8,458,707 ) ¥ — ¥ 32,996 Derivative financial instruments 4,729,842 (844,571 ) 3,885,271 (1,999,343 ) (479,814 ) 1,406,114 Total ¥ 14,076,436 ¥ (1,699,462 ) ¥ 12,376,974 ¥ (10,458,050 ) ¥ (479,814 ) ¥ 1,439,110 Financial liabilities (4) Repurchase agreements and cash collateral on securities lent ¥ 12,877,484 ¥ (854,891 ) ¥ 12,022,593 ¥ (12,019,290 ) ¥ — ¥ 3,303 Derivative financial instruments 4,526,765 (1,028,749 ) 3,498,016 (2,009,835 ) (587,693 ) 900,488 Total ¥ 17,404,249 ¥ (1,883,640 ) ¥ 15,520,609 ¥ (14,029,125 ) ¥ (587,693 ) ¥ 903,791 (1) Amounts offset for derivative financial instruments include cash collateral. (2) The amounts of financial instruments and cash collateral have been limited to the net amounts presented in the consolidated statements of financial position so as not to include any over-collateralization. (3) Financial instruments include non-cash (4) Financial assets and liabilities include amounts that are both subject to and not subject to enforceable master netting arrangements or similar agreements. |
Financial Risk Management (Tabl
Financial Risk Management (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
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Maximum Exposure to Credit Risk before Collateral Held or Other Credit Enhancements | The following table shows the maximum exposure to credit risk before taking into account any collateral held or other credit enhancements at March 31, 2019 and 2018. At March 31, 2019 2018 (In millions) Credit risk exposures relating to assets on the consolidated statements of financial position: Deposits with banks ¥ 56,700,489 ¥ 53,992,931 Call loans and bills bought 2,465,745 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 10,345,994 8,491,703 Trading assets 2,480,903 2,841,148 Derivative financial instruments 3,382,574 3,885,271 Financial assets at fair value through profit or loss 2,620,686 1,528,921 Investment securities: Debt instruments at amortized cost (At March 31, 2018: Held-to-maturity investments) 318,914 372,459 Debt instruments at FVOCI (At March 31, 2018: Available-for-sale financial assets) 13,333,221 14,282,706 Loans and advances 90,682,938 85,129,070 Other financial assets 3,609,129 3,598,642 Financial assets included in assets held for sale — 3,099,888 Credit risk exposures relating to off-balance sheet items (1) Loan commitments 62,724,820 60,107,128 Financial guarantees and other credit-related contingent liabilities 9,409,066 8,426,245 Total ¥ 258,074,479 ¥ 247,637,992 (1) The off-balance sheet items represent the nominal amounts of undrawn loan commitments, financial guarantees and other credit-related contingent liabilities. |
Financial Effect of Collateral and Other Credit Enhancements on Loans and Advances for Borrowers Requiring Caution and Impaired Loans and Advances | The following table shows the financial effect of collateral and other credit enhancements on impaired loans and advances at March 31, 2019. The maximum collateral amounts included in the disclosure are limited to the carrying value of loans and advances where the credit exposure is over-collateralized. At March 31, 2019 (In millions) Impaired loans and advances ¥ 882,018 Financial effect of collateral and other credit enhancements 325,896 The following table shows the financial effect of collateral and other credit enhancements on loans and advances for borrowers requiring caution and impaired loans and advances at March 31, 2018. The maximum collateral amounts included in the disclosure are limited to the carrying value of loans and advances where the credit exposure is over-collateralized. At March 31, 2018 (In millions) Loans and advances for borrowers requiring caution and impaired loans and advances ¥ 1,965,681 Financial effect of collateral and other credit enhancements 959,015 |
Loans and Advances by Geographical Sector | Geographical sector At March 31, 2019 2018 (In millions) Domestic ¥ 59,856,165 ¥ 57,830,627 Foreign: Americas 12,382,463 11,221,244 Europe 5,988,133 4,949,471 Asia 9,720,884 8,423,747 Others 3,598,673 3,434,838 Total foreign 31,690,153 28,029,300 Gross loans and advances 91,546,318 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) (239,181 ) Less: Allowance for loan losses (604,988 ) (491,676 ) Carrying amount ¥ 90,682,938 ¥ 85,129,070 |
Loans and Advances by Industry Sector | Industry sector At March 31, 2019 2018 (In millions) Domestic: Manufacturing ¥ 8,522,451 ¥ 7,961,620 Agriculture, forestry, fisheries and mining 288,099 145,957 Construction 918,617 947,765 Transportation, communications and public enterprises 5,596,935 5,424,054 Wholesale and retail 5,281,596 5,288,767 Finance and insurance 3,129,666 2,777,862 Real estate and goods rental and leasing 10,126,531 9,017,664 Services 4,328,173 4,255,228 Municipalities 866,373 1,000,286 Lease financing 9,030 14,629 Consumer (1) 16,187,195 16,363,489 Others 4,601,499 4,633,306 Total domestic 59,856,165 57,830,627 Foreign: Public sector 360,875 372,008 Financial institutions 5,382,130 4,496,646 Commerce and industry 23,285,374 21,023,885 Lease financing 344,958 357,660 Others 2,316,816 1,779,101 Total foreign 31,690,153 28,029,300 Gross loans and advances 91,546,318 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) (239,181 ) Less: Allowance for loan losses (604,988 ) (491,676 ) Carrying amount ¥ 90,682,938 ¥ 85,129,070 (1) The balance in Consumer mainly consists of housing loans. The housing loan balances amounted to ¥11,216,711 million and ¥11,482,678 million at March 31, 2019 and 2018, respectively. |
Disaggregation of Structured Finance Loans and Advances | Structured finance: At March 31, 2019 2018 (In millions) Real estate finance ¥ 2,493,748 ¥ 2,421,408 Project finance 3,978,779 3,976,222 Other structured finance 387,400 374,430 Total structured finance ¥ 6,859,927 ¥ 6,772,060 |
Secured and Unsecured Consumer Loans | Consumer: At March 31, 2019 2018 (In millions) Secured loans (1) ¥ 12,008,728 ¥ 12,255,845 Unsecured loans 4,178,467 4,107,644 Total consumer ¥ 16,187,195 ¥ 16,363,489 (1) The secured loans and advances mainly represent housing loans. The housing loan balances amounted to ¥11,216,711 million and ¥11,482,678 million at March 31, 2019 and 2018, respectively. |
Summary of Loans and Advances at Amortized Cost | The following tables set out information about the gross carrying amount of financial assets and the exposure to credit risk on loan commitments and financial guarantee contracts by stage allocation and internal rating grades of SMBC. Refer to Note 2 “Summary of Significant Accounting Policies” for information on stage allocation. Also refer to Note 45 “Financial Risk Management” for information on obligor grading system of SMBC. At March 31, 2019 12-month Lifetime ECL Lifetime ECL credit-impaired Total (In millions) Loans and advances at amortized cost: Normal J1-6 ¥ 38,708,431 ¥ 191,177 ¥ — ¥ 38,899,608 G1-6 24,350,586 508,277 — 24,858,863 Japanese government and local municipal corporations 3,137,657 — — 3,137,657 Other (1) 22,876,865 75,598 — 22,952,463 Requiring caution J7 — 460,319 — 460,319 G7 — 171,441 — 171,441 Other (1) — 183,949 — 183,949 Impaired (2) — — 882,018 882,018 Gross loans and advances 89,073,539 1,590,761 882,018 91,546,318 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (258,392 ) Less: Allowance for loan losses (158,094 ) (92,446 ) (354,448 ) (604,988 ) Carrying amount ¥ 90,682,938 (1) The balance of “Other” includes housing loans, which amounted to ¥11,084,927 million and ¥28,018 million for the borrower category of Normal and Requiring Caution, respectively. (2) “Impaired” refers to loans and advances related to borrowers with obligor grades not higher than 7R. Modified loans and advances that were subject to lifetime ECL measurement amounted to ¥28,908 million for the fiscal year ended March 31, 2019. The net modification gain or loss is not material. At March 31, 2019 12-month Lifetime ECL Lifetime ECL credit-impaired Total (In millions) Loan commitments and Financial Guarantees (1) : Gross carrying amount ¥ 28,842,267 ¥ 383,828 ¥ 13,435 ¥ 29,239,530 Allowance for off-balance sheet items 36,795 18,289 5,761 60,845 (1) Loan commitments are the undrawn components of loan commitments on which ECL can be separately identified from those on the drawn components. Movements in ECL allowance The following tables show reconciliations from the opening balance to the closing balance of the ECL allowance by class of financial instrument. For the fiscal year ended March 31, 2019 2018 12-month Lifetime ECL Lifetime ECL credit-impaired Total Total (In millions) Loans and advances at amortized cost (1) : Balance at April 1 ¥ 164,515 ¥ 130,701 ¥ 356,404 ¥ 651,620 ¥ 680,456 Transfer to 12-month ECL 832 (805 ) (27 ) — — Transfer to lifetime ECL not credit-impaired (1,599 ) 4,845 (3,246 ) — — Transfer to lifetime ECL credit-impaired (1,966 ) (10,507 ) 12,473 — — Net transfers between stages (2,733 ) (6,467 ) 9,200 — — Provision (credit) for loan losses (2) (4,265 ) (31,744 ) 158,936 122,927 126,623 Charge-offs (3) — — 180,254 180,254 185,060 Recoveries — — 11,042 11,042 10,232 Net charge-offs — — 169,212 169,212 174,828 Others 577 (44 ) (880 ) (347 ) (140,575 ) Balance at March 31 ¥ 158,094 ¥ 92,446 ¥ 354,448 ¥ 604,988 ¥ 491,676 (1) “Loans and advances at amortized cost” includes allowance for undrawn components of loan commitments issued to retail customers which cannot be separately identified from that for the drawn components. (2) The decrease of allowance of lifetime ECL not credit-impaired is primarily due to certain large borrowers’ improvement of their financial performance. (3) Charge-offs for lifetime ECL credit-impaired are primarily related to those for consumer loans. For the fiscal year ended March 31, 2019 12-month Lifetime ECL Lifetime ECL credit-impaired Total (In millions) Loan commitments and financial guarantees (1) : Balance at April 1 ¥ 35,543 ¥ 23,311 ¥ 6,225 ¥ 65,079 Net transfers between stages (28 ) (228 ) 256 — Provision (credit) for off-balance sheet items 2,272 (4,794 ) (720 ) (3,242 ) Others (992 ) — — (992 ) Balance at March 31 ¥ 36,795 ¥ 18,289 ¥ 5,761 ¥ 60,845 (1) ECL allowance for loan commitments is that for the undrawn components of loan commitments, which can be separately identified from that for the drawn components. |
Summary of Loans and Advances | Loans and advances are summarized as follows: At March 31, 2018 (In millions) Neither past due nor impaired ¥ 84,856,335 Past due but not impaired 124,724 Impaired (1) 878,868 Gross loans and advances 85,859,927 Adjust: Unearned income, unamortized premiums—net and deferred loan fees—net (239,181 ) Less: Allowance for loan losses (491,676 ) Carrying amount ¥ 85,129,070 (1) Loans and advances to borrowers who are classified in the borrower categories of substandard borrowers, potentially bankrupt borrowers, effectively bankrupt borrowers, and bankrupt borrowers described in the obligor grading system represent impaired loans and advances. |
Loans and Advances Neither Past Due nor Impaired | The following tables show the credit quality of the portfolio of loans and advances that were neither past due nor impaired, by geography and by industry based on the corporate obligor grading system of SMBC at March 31, 2018. Since the internal rating system of SMBC’s consumer portfolio differs from the corporate obligor grading system, the balances of loans and advances to consumers are included in the grade category of “Other.” Additionally, as the SMBC Group’s subsidiaries are adopting various internal rating systems which differ from SMBC, the grade category of “Other” also includes some balances of loans and advances held by those subsidiaries. At March 31, 2018 Normal Requiring Caution J 1-3 J 4-6 Japanese Other J 7 Other Total (In millions) Domestic: Manufacturing ¥ 4,275,861 ¥ 2,190,117 ¥ — ¥ 1,196,566 ¥ 199,616 ¥ 22,681 ¥ 7,884,841 Agriculture, forestry, fisheries and mining 81,900 42,892 13,973 207 599 — 139,571 Construction 319,394 468,222 — 119,439 26,779 459 934,293 Transportation, communications and public enterprises 4,069,995 1,066,246 86,932 133,132 46,657 148 5,403,110 Wholesale and retail 2,333,434 2,399,747 — 297,583 155,584 1,421 5,187,769 Finance and insurance 1,801,410 349,934 2,785 618,935 1,630 5 2,774,699 Real estate and goods rental and leasing 5,696,289 3,082,764 13,696 95,634 87,218 7 8,975,608 Services 1,599,011 2,355,545 37,693 94,218 96,498 115 4,183,080 Municipalities — — 1,000,286 — — — 1,000,286 Lease financing — — — 14,629 — — 14,629 Consumer (1) — 234 — 15,900,425 1,669 73,180 15,975,508 Others 53,633 2,057,571 1,685,694 728,206 69,005 680 4,594,789 Total domestic 20,230,927 14,013,272 2,841,059 19,198,974 685,255 98,696 57,068,183 G 1-3 G 4-6 — Other G 7 Other Total Foreign: Public sector 191,678 81,448 — 97,890 30 941 371,987 Financial institutions 2,381,927 338,659 — 1,752,693 — 7,891 4,481,170 Commerce and industry 14,009,273 2,425,819 — 4,114,066 222,395 53,793 20,825,346 Lease financing 23,290 — — 330,406 — 3,964 357,660 Others 1,194,334 161,795 — 383,463 9,964 2,433 1,751,989 Total foreign 17,800,502 3,007,721 — 6,678,518 232,389 69,022 27,788,152 Total ¥ 38,031,429 ¥ 17,020,993 ¥ 2,841,059 ¥ 25,877,492 ¥ 917,644 ¥ 167,718 ¥ 84,856,335 (1) The balance in the grade category of “Other” in Consumer includes housing loans, which amounted to ¥11,302,350 million and ¥51,189 million for the borrower category of Normal and Requiring Caution, respectively. |
Loans and Advances Past Due but not Impaired by Geography and Industry | The aggregate balances of loans and advances of borrowers with one or more facilities, where any of the facilities are past due for less than three months but not impaired as at March 31, 2018 were ¥163,902 million, respectively. Those aggregate balances therefore include individual loans and advances which are not past due. Thus, in the tables below, the SMBC Group provides the amount of loans and advances where the final payment at contractual maturity is past due, by geography and by industry, at March 31, 2018. For reference, since all the loans and advances that are past due over three months are treated as impaired, those loans and advances are not included in the tables below. At March 31, 2018 Past due up to Past due 1-2 months Past due 2-3 months Total (In millions) Domestic: Manufacturing ¥ 476 ¥ 50 ¥ — ¥ 526 Agriculture, forestry, fisheries and mining — — — — Construction 1 10 51 62 Transportation, communications and public enterprises 45 — — 45 Wholesale and retail 2,240 318 21 2,579 Finance and insurance 65 76 — 141 Real estate and goods rental and leasing 73 44 — 117 Services 245 — — 245 Lease financing — — — — Consumer 55,020 10,298 3,378 68,696 Others 2,791 44 21 2,856 Total domestic 60,956 10,840 3,471 75,267 Foreign: Financial institutions 11,934 165 1,548 13,647 Commerce and industry 14,822 2,705 13,554 31,081 Others 2,402 1,676 651 4,729 Total foreign 29,158 4,546 15,753 49,457 Total ¥ 90,114 ¥ 15,386 ¥ 19,224 ¥ 124,724 |
Impaired Loans and Advances by Geography and Industry | The following table shows the impaired loans and advances, by geography and by industry, at March 31, 2018. At March 31, 2018 (In millions) Domestic: Manufacturing ¥ 76,253 Agriculture, forestry, fisheries and mining 6,386 Construction 13,410 Transportation, communications and public enterprises 20,899 Wholesale and retail 98,419 Finance and insurance 3,022 Real estate and goods rental and leasing 41,939 Services 71,903 Lease financing — Consumer 319,285 Others 35,661 Total domestic 687,177 Foreign: Public sector 21 Financial institutions 1,829 Commerce and industry 167,458 Lease financing — Others 22,383 Total foreign 191,691 Total impaired loans and advances before allowance for loan losses 878,868 Less: Allowance for loan losses for impaired loans and advances (369,386 ) Net impaired loans and advances ¥ 509,482 |
Loans and Advances Whose Terms Have Been Renegotiated | The following table shows loans and advances at March 31 2018 that would otherwise be past due or impaired, but whose terms have been renegotiated without providing any financial concessions. These loans and advances are mainly classified as requiring caution in the table of “Loans and advances neither past due nor impaired” in the section “Loans and advances by credit quality category.” The SMBC Group continually assesses the creditworthiness of a borrower for whom terms of the loans and advances have been renegotiated, taking into account the actual state of the borrower’s financial position and qualitative factors. Further details are described in “Credit risk evaluation” in the section “Credit risk management methods.” Loans and advances whose terms have been renegotiated and financial concessions have been provided are reported as impaired and included in the table of “Impaired loans and advances” in the section “Loans and advances by credit quality category.” At March 31, 2018 (In millions) Renegotiated loans and advances ¥ 292,466 |
Trading Assets and Investment Securities Based on External Rating System | The following table shows an analysis of trading assets, financial assets at fair value through profit or loss and debt instruments at amortized cost (held-to-maturity investments at March 31, 2018) and at fair value through other comprehensive income (available-for-sale financial assets at March 31, 2018) based on the external rating system at March 31, 2019 and 2018, excluding instruments with equity features. Collateral is generally not obtained directly from the issuers. At March 31, 2019 Trading assets (1) Financial assets at (1) Debt instruments at (1)(2) Debt instruments at fair value through (1)(2) (In millions) AAA ¥ 242,984 ¥ 12,537 ¥ — ¥ 6,520,641 AA- to AA+ 1,907,495 1,254,294 280,246 5,930,057 A- to A+ 182,306 29,233 203 235,065 Lower than A- 80,851 165,108 38,387 642,091 Unrated 4,652 568 78 15,313 Total ¥ 2,418,288 ¥ 1,461,740 ¥ 318,914 ¥ 13,343,167 (1) The amounts represent fair value for trading assets and financial assets at fair value through profit or loss, whereas they represent the gross carrying amount for debt instruments at amortized cost and at fair value through other comprehensive income. (2) There were no debt instruments at amortized cost or debt instruments at fair value through other comprehensive income subject to lifetime ECL at March 31, 2019. At March 31, 2018 Trading assets (1) Financial assets at (1) Held-to-maturity (1) Available-for-sale (1)(2) (In millions) AAA ¥ 190,650 ¥ — ¥ — ¥ 4,865,723 AA- to AA+ 2,399,644 1,518,748 372,459 8,538,879 A- to A+ 192,943 — — 276,042 Lower than A- 56,458 — — 532,626 Unrated 1,453 10,173 — 69,436 Total ¥ 2,841,148 ¥ 1,528,921 ¥ 372,459 ¥ 14,282,706 (1) The amounts represent carrying amounts. (2) Impaired available-for-sale financial assets with a carrying amount of ¥154 million at March 31, 2018 are included. |
VaR by Risk Category | The following tables show the SMBC Group’s VaR by risk category and these figures are prepared based on the internal reporting provided to management. The SMBC Group’s material market risk exposure categories consist of interest rate risk, foreign exchange risk, equities and commodities risk and others. The section headed “VaR for Trading Activity” shows VaR for instruments entered into for trading purposes and the VaR model for the trading book includes principal consolidated subsidiaries. The section headed “VaR for Non-Trading Activity” shows VaR for instruments entered into for purposes other than trading purposes. “Strategic Shareholding Investment” in the “VaR for Non-Trading Activity” section is a portfolio that consists principally of publicly traded Japanese equities. This portfolio, like that of other financial institutions in Japan, has historically included shares of the SMBC Group’s customers. (a) VaR for Trading Activity Interest rate Foreign Equities and Others Total (1) (In billions) For the fiscal year ended March 31, 2019: SMBC Consolidated Maximum ¥ 5.7 ¥ 6.2 ¥ 3.2 ¥ 4.6 ¥ 13.5 Minimum 2.3 3.0 0.0 3.0 5.7 Daily average 4.0 4.1 0.8 3.8 7.6 At March 31, 2019 4.5 4.7 0.1 3.8 6.6 SMFG Consolidated Maximum ¥ 19.0 ¥ 6.9 ¥ 17.1 ¥ 4.6 ¥ 33.0 Minimum 8.5 3.2 1.7 3.0 14.7 Daily average 12.8 4.4 3.9 3.8 19.7 At March 31, 2019 10.5 5.1 3.9 3.8 16.4 Interest rate Foreign Equities and Others Total (1) (In billions) For the fiscal year ended March 31, 2018: SMBC Consolidated Maximum ¥ 3.2 ¥ 4.3 ¥ 3.9 ¥ 3.6 ¥ 11.2 Minimum 1.3 1.2 0.0 1.4 3.5 Daily average 2.1 2.4 1.5 2.3 7.2 At March 31, 2018 2.6 3.6 0.0 3.2 8.1 SMFG Consolidated Maximum ¥ 30.9 ¥ 5.0 ¥ 11.4 ¥ 3.6 ¥ 39.5 Minimum 6.7 1.5 4.3 1.4 14.5 Daily average 12.3 3.0 6.3 2.3 22.1 At March 31, 2018 11.3 4.3 4.3 3.2 21.5 (1) Total for “Maximum,” “Minimum,” and “Daily average” represent the maximum, minimum and daily average of the total of the trading book. For certain subsidiaries, the SMBC Group employs the standardized method and/or the historical simulation method for the VaR calculation method. (b) VaR for Non-Trading Activity (i) Banking Interest rate Foreign Equities and Others Total (1) (In billions) For the fiscal year ended March 31, 2019: SMBC Consolidated Maximum ¥ 37.4 ¥ 0.0 ¥ 33.7 ¥ 0.0 ¥ 48.4 Minimum 27.4 0.0 17.8 0.0 36.0 Daily average 31.1 0.0 24.3 0.0 40.4 At March 31, 2019 37.2 0.0 19.8 0.0 43.9 SMFG Consolidated Maximum ¥ 38.4 ¥ 0.0 ¥ 33.7 ¥ 0.0 ¥ 50.6 Minimum 28.4 0.0 17.8 0.0 37.0 Daily average 33.0 0.0 24.3 0.0 42.3 At March 31, 2019 38.2 0.0 19.8 0.0 44.8 Interest rate Foreign Equities and Others Total (1) (In billions) For the fiscal year ended March 31, 2018: SMBC Consolidated Maximum ¥ 31.5 ¥ 0.0 ¥ 39.9 ¥ 0.0 ¥ 54.5 Minimum 25.2 0.0 21.5 0.0 38.0 Daily average 27.4 0.0 30.4 0.0 44.4 At March 31, 2018 31.3 0.0 28.1 0.0 45.7 SMFG Consolidated Maximum ¥ 34.0 ¥ 0.0 ¥ 39.9 ¥ 0.0 ¥ 57.0 Minimum 27.8 0.0 21.6 0.0 40.8 Daily average 30.2 0.0 30.5 0.0 47.2 At March 31, 2018 33.7 0.0 28.1 0.0 48.2 (1) Total for “Maximum,” “Minimum,” and “Daily average” represent the maximum, minimum and daily average of the total of the banking book. (ii) Strategic Shareholding Investment Equities risk (In billions) For the fiscal year ended March 31, 2019: SMBC Consolidated Maximum ¥ 1,430.4 Minimum 980.0 Daily average 1,246.6 At March 31, 2019 1,006.3 SMFG Consolidated Maximum ¥ 1,622.5 Minimum 1,114.8 Daily average 1,414.6 At March 31, 2019 1,156.0 Equities risk (In billions) For the fiscal year ended March 31, 2018: SMBC Consolidated Maximum ¥ 1,622.9 Minimum 1,309.8 Daily average 1,456.6 At March 31, 2018 1,389.4 SMFG Consolidated Maximum ¥ 1,855.9 Minimum 1,488.1 Daily average 1,664.2 At March 31, 2018 1,603.6 |
Maturity Analysis of Contractual Undiscounted Cash Flows for Financial Liabilities | The following tables show a maturity analysis of the contractual undiscounted cash flows for financial liabilities at March 31, 2019 and 2018. The amount of interest on debt instruments is not included in the maturity tables below due to its insignificance. At March 31, 2019 On demand Not later than Later than Later than Later than Later than Total (In millions) Non-derivative financial instruments: Deposits ¥ 86,004,575 ¥ 30,361,892 ¥ 13,281,352 ¥ 3,488,163 ¥ 605,331 ¥ 662,673 ¥ 134,403,986 Call money and bills sold — 1,276,943 30,836 — — — 1,307,779 Repurchase agreements and cash collateral on securities lent 146,936 12,740,313 — — — — 12,887,249 Trading liabilities 1,998,694 — — — — — 1,998,694 Borrowings 210,667 523,079 7,972,114 721,554 666,649 2,041,699 12,135,762 Debt securities in issue — 2,206,942 1,320,643 2,472,492 1,885,833 3,301,299 11,187,209 Lease payable — 2,220 6,258 12,024 7,368 5,322 33,192 Other financial liabilities 2,461,381 3,128,040 4,474 — — 2,618 5,596,513 Off balance sheet items: Loan commitments 62,724,820 — — — — — 62,724,820 Financial guarantee contracts 9,409,066 — — — — — 9,409,066 Total non-derivative financial instruments ¥ 162,956,139 ¥ 50,239,429 ¥ 22,615,677 ¥ 6,694,233 ¥ 3,165,181 ¥ 6,013,611 ¥ 251,684,270 Derivative financial instruments ¥ 3,051,773 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 3,051,773 At March 31, 2018 On demand Not later than Later than Later than Later than Later than Total (In millions) Non-derivative financial instruments: Deposits ¥ 79,239,076 ¥ 31,907,636 ¥ 12,755,005 ¥ 3,189,790 ¥ 701,374 ¥ 654,717 ¥ 128,447,598 Call money and bills sold 47,942 1,141,653 1,334 — — — 1,190,929 Repurchase agreements and cash collateral on securities lent 20,833 12,001,760 — — — — 12,022,593 Trading liabilities 2,143,899 — — — — — 2,143,899 Borrowings 61,205 435,708 6,765,228 601,326 652,481 2,126,169 10,642,117 Debt securities in issue — 2,407,601 950,334 1,818,271 2,185,578 3,227,737 10,589,521 Lease payable — 683 1,884 2,999 1,665 3,086 10,317 Other financial liabilities 2,554,069 4,129,478 4,342 139 — 3,014 6,691,042 Off balance sheet items: Loan commitments 60,107,128 — — — — — 60,107,128 Financial guarantee contracts 8,426,245 — — — — — 8,426,245 Total non-derivative financial instruments ¥ 152,600,397 ¥ 52,024,519 ¥ 20,478,127 ¥ 5,612,525 ¥ 3,541,098 ¥ 6,014,723 ¥ 240,271,389 Derivative financial instruments ¥ 3,498,016 ¥ — ¥ — ¥ — ¥ — ¥ — ¥ 3,498,016 Notes: 1. Embedded derivatives which are separately accounted for, but presented together with the host contract in the consolidated statements of financial position are not included in the contractual tables above as they relate to the interest cash flow of the host contract, which are also not included in the tables above. 2. Derivative financial instruments are recorded at fair value and included in the column “On demand.” |
Balance of Loans and Advances and Deposits | The following table presents the balance of loans and advances, and deposits at March 31, 2019 and 2018. The balance of deposits, which was mainly composed of individual customer deposits at March 31, 2019 and 2018, exceeded the balance of loans and advances at the same time due to the stable deposit base in Japan. At March 31, 2019 2018 (In millions) Loans and advances ¥ 90,682,938 ¥ 85,129,070 Deposits 134,404,652 128,461,527 |
Deposits by Domestic and Foreign Offices | The following table presents a breakdown of deposits by domestic and foreign offices. Domestic inter-bank money is classified as “Call money and bills sold” and not included in “Deposits” in the consolidated statements of financial position. Over half of domestic deposits is composed of individual customer deposits. At March 31, 2019 2018 (In millions) Domestic offices: Non-interest-bearing demand deposits ¥ 21,376,082 ¥ 20,370,064 Interest-bearing demand deposits 53,490,445 49,580,166 Deposits at notice 853,344 855,978 Time deposits 17,885,860 18,185,591 Negotiable certificates of deposit 4,962,651 5,408,021 Others 7,317,912 7,338,619 Total domestic offices 105,886,294 101,738,439 Foreign offices: Non-interest-bearing demand deposits 1,218,145 1,241,450 Interest-bearing demand deposits 2,714,951 2,574,099 Deposits at notice 10,316,612 9,499,686 Time deposits 7,875,029 7,469,541 Negotiable certificates of deposit 6,202,836 5,812,264 Others 190,785 126,048 Total foreign offices 28,518,358 26,723,088 Total deposits ¥ 134,404,652 ¥ 128,461,527 |
Regulatory Capital Requirements | The table below presents the SMBC Group’s total capital ratio, total capital and risk-weighted assets under Japanese GAAP at March 31, 2019 and 2018 based on the Basel III rules. At March 31, 2019 2018 (In billions, except percentages) SMFG Consolidated: Total risk-weighted capital ratio 20.76 % 19.36 % Tier 1 risk-weighted capital ratio 18.19 % 16.69 % Common Equity Tier 1 risk-weighted capital ratio 16.37 % 14.50 % Total capital (Common Equity Tier 1 capital + Additional Tier 1 capital + Tier 2 capital) ¥ 12,240.5 ¥ 12,304.1 Tier 1 capital (Common Equity Tier 1 capital + Additional Tier 1 capital) 10,727.2 10,610.2 Common Equity Tier 1 capital 9,654.5 9,217.4 Risk-weighted assets 58,942.8 63,540.3 The amount of minimum total capital requirements (1) 4,715.4 5,083.2 (1) The amount of minimum total capital requirements is calculated by multiplying risk-weighted assets by 8%. |
Related-Party Transactions (Tab
Related-Party Transactions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement [LineItems] | |
Compensation Expenses of Key Management Personnel | The following table presents the compensation expenses of key management personnel. For the fiscal year ended March 31, 2019 2018 2017 (In millions) Short-term employee benefits ¥ 1,102 ¥ 1,135 ¥ 1,157 Share-based compensation 304 295 204 |
Key management personnel of entity or parent [member] | |
Statement [LineItems] | |
Transaction Amounts with Related Party | At March 31, 2019 2018 (In millions) Assets: Loans and advances ¥ — ¥ 2 Liabilities: Deposits ¥ 1,631 ¥ 1,612 Others 94 94 |
Associates, joint ventures, and other entities [Member] | |
Statement [LineItems] | |
Transaction Amounts with Related Party | The transaction amounts included in the accounts, in aggregate, by category of related party were as follows: Transactions with associates, joint ventures and other entities At March 31, 2019 (1) 2018 (In millions) Assets: Loans and advances ¥ 1,661,149 ¥ 222,890 Others 89,534 39,254 Liabilities: Deposits ¥ 178,076 ¥ 267,289 Others 78,540 29,049 For the fiscal year ended March 31, 2019 (1) 2018 2017 (In millions) Income statements: Income (interest income, fee and commission income, and others) ¥ 38,713 ¥ 15,665 ¥ 17,433 Expense (interest expense and others) 25,799 15,601 17,411 (1) On November 28, 2018, Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”), which had been the Company’s subsidiary, became the Company’s joint venture. As a result, the transactions with SMFL and its subsidiaries were included in the line items. |
Principal Subsidiaries (Tables)
Principal Subsidiaries (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Foreign [member] | |
Statement [LineItems] | |
Principal Subsidiaries | Principal domestic subsidiaries Company Name Proportion of (1) Proportion of (1) Main Business (%) (%) Sumitomo Mitsui Banking Corporation 100.0 100.0 Commercial banking SMBC Trust Bank Ltd. 100.0 100.0 Trust banking SMBC Guarantee Co., Ltd. 100.0 100.0 Credit guarantee SMBC Nikko Securities Inc. 100.0 100.0 Securities Sumitomo Mitsui Card Company, Limited (2) 65.9 65.9 Credit card Cedyna Financial Corporation 100.0 100.0 Credit card and consumer credit SMBC Consumer Finance Co., Ltd. 100.0 100.0 Consumer lending SMBC Mobit Co., Ltd. 100.0 100.0 Consumer lending SMM Auto Finance, Inc. 51.0 51.0 Automobile sales financing SMBC Finance Service Co., Ltd. 100.0 100.0 Collecting agent and factoring The Japan Research Institute, Limited 100.0 100.0 System development, data processing, management consulting and economic research Sumitomo Mitsui Asset Management Company, Limited (3) 51.1 51.1 Investment advisory and investment trust management NCore Co., Ltd. 51.0 51.0 Data processing service and consulting SMBC Venture Capital Co., Ltd. 40.0 40.0 Venture capital SMBC Consulting Co., Ltd. 98.3 98.3 Management consulting and information services Japan Pension Navigator Co., Ltd. 69.7 69.7 Operational management of defined contribution pension plans (1) Percentages of proportion of ownership interest and proportion of voting rights have been truncated. (2) We acquired an additional 34.1% of the outstanding shares of Sumitomo Mitsui Card Company, Limited on April 1, 2019 and, as a result, it became the SMBC Group’s wholly owned subsidiary. (3) Sumitomo Mitsui Asset Management Company, Limited merged with Daiwa SB Investments Ltd. on April 1, 2019, to form Sumitomo Mitsui DS Asset Management Company, Limited. |
Domestic [member] | |
Statement [LineItems] | |
Principal Subsidiaries | Principal foreign subsidiaries Company Name Country of Proportion of (1) Proposition (1) Main Business (%) (%) Sumitomo Mitsui Banking Corporation Europe Limited U.K. 100.0 100.0 Commercial banking Sumitomo Mitsui Banking Corporation (China) Limited China 100.0 100.0 Commercial banking PT Bank BTPN Tbk Indonesia 98.4 98.4 Commercial banking SMBC Americas Holdings, Inc. U.S.A. 100.0 100.0 Bank holding company Manufacturers Bank U.S.A. 100.0 100.0 Commercial banking Banco Sumitomo Mitsui Brasileiro S.A Brazil 100.0 100.0 Commercial banking JSC Sumitomo Mitsui Rus Bank Russia 100.0 100.0 Commercial banking SMBC Bank EU AG Germany 100.0 100.0 Commercial banking Sumitomo Mitsui Banking Corporation Malaysia Berhad Malaysia 100.0 100.0 Commercial banking SMBC Leasing and Finance, Inc. U.S.A. 100.0 100.0 Leasing SMBC Nikko Securities America, Inc. U.S.A. 100.0 100.0 Securities SMBC Nikko Capital Markets Limited U.K. 100.0 100.0 Securities SMBC Capital Markets, Inc. U.S.A. 100.0 100.0 Derivatives (1) Percentages of proportion of ownership interest and proportion of voting rights have been truncated. |
Structured Entities (Tables)
Structured Entities (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Interests in Unconsolidated Structured Entities and Maximum Exposure to Loss | The following tables represent the carrying amounts of the SMBC Group’s interests in unconsolidated structured entities recognized in its consolidated statements of financial position by line item and the maximum exposure to loss from its interests at March 31, 2019 and 2018. At March 31, 2019 Securitizations Investment Structured Others Total (In millions) Interests in unconsolidated structured entities recognized in: Trading assets ¥ 16,581 ¥ 39,614 ¥ — ¥ — ¥ 56,195 Financial assets at fair value through profit or loss 8,637 871,368 144,297 — 1,024,302 Investment securities 15,108 27,002 — 473 42,583 Loans and advances 2,213,496 — 5,489,334 533,196 8,236,026 Total ¥ 2,253,822 ¥ 937,984 ¥ 5,633,631 ¥ 533,669 ¥ 9,359,106 Maximum exposure to loss from interests in unconsolidated structured entities ¥ 3,110,451 ¥ 944,487 ¥ 6,597,207 ¥ 712,798 ¥ 11,364,943 At March 31, 2018 Securitizations Investment Structured Others Total (In millions) Interests in unconsolidated structured entities recognized in: Trading assets ¥ 10,157 ¥ 68,639 ¥ — ¥ — ¥ 78,796 Investment securities 64,113 1,055,971 51,018 479 1,171,581 Loans and advances 1,921,725 — 5,202,253 400,549 7,524,527 Assets held for sale 32,755 — 81,494 — 114,249 Total ¥ 2,028,750 ¥ 1,124,610 ¥ 5,334,765 ¥ 401,028 ¥ 8,889,153 Maximum exposure to loss from interests in unconsolidated structured entities ¥ 2,925,137 ¥ 1,126,551 ¥ 6,296,368 ¥ 538,660 ¥ 10,886,716 |
Acquisitions (Tables)
Acquisitions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
GE Japan GK [member] | |
Statement [LineItems] | |
Fair Values of Assets and Liabilities at the Date of Acquisition and Consideration Paid | The fair values of assets and liabilities of GE Japan at the date of acquisition and the consideration paid were as follows: At April 1, 2016 (In millions) Assets: Loans and advances ¥ 470,538 All other assets 203,069 Total assets ¥ 673,607 Liabilities: Borrowings ¥ 436,537 All other liabilities 58,134 Total liabilities ¥ 494,671 Net assets ¥ 178,936 Non-controlling interests measured at their proportionate share of the identifiable net assets (394 ) Net assets acquired 178,542 Goodwill 2,417 Consideration ¥ 180,959 Consideration: Cash ¥ 180,959 Total ¥ 180,959 Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement ¥ 752 |
PT Bank Tabungan Pensiunan Nasional Tbk [member] | |
Statement [LineItems] | |
Fair Values of Assets and Liabilities at the Date of Acquisition and Consideration Paid | The fair values of assets and liabilities of BTPN at the date of acquisition and the consideration paid were as follows: At January 30, 2019 (In millions) Assets: Cash and deposits with banks ¥ 149,331 Loans and advances 522,918 Intangible assets 57,803 All other assets 107,471 Total assets ¥ 837,523 Liabilities: Deposits ¥ 538,529 All other liabilities 104,817 Total liabilities ¥ 643,346 Net assets 194,177 Non-controlling interests measured at their proportionate share of the identifiable net assets and others (9,494 ) Net assets acquired 184,683 Goodwill 4,707 Consideration ¥ 189,390 Consideration: Cash ¥ 111,365 Fair value of the equity interest in BTPN held before the acquisition 78,025 Total ¥ 189,390 Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement ¥ 776 |
Total Amount of Cash Consideration Paid and Cash Acquired by Obtaining Control of Subsidiaries and Businesses | The total amount of cash consideration paid and cash acquired by obtaining control of subsidiaries during the fiscal year ended March 31, 2019 were as follows: For the fiscal year ended (In millions) Cash consideration paid ¥ (111,365 ) Cash and cash equivalents transferred as a result of the acquisitions 149,331 Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries ¥ 37,966 |
American Railcar Leasing LLC [member] | |
Statement [LineItems] | |
Fair Values of Assets and Liabilities at the Date of Acquisition and Consideration Paid | The fair values of assets and liabilities of ARL at the date of acquisition and the consideration paid were as follows: At June 1, 2017 (In millions) Assets: Property, plant and equipment ¥ 304,257 All other assets 15,719 Total assets ¥ 319,976 Liabilities: Borrowings ¥ 147,523 All other liabilities 1,947 Total liabilities ¥ 149,470 Net assets acquired 170,506 Goodwill — Consideration ¥ 170,506 Consideration: Cash ¥ 170,506 Total ¥ 170,506 Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement ¥ 1,264 |
Sumitomo mitsui asset management company, limited [member] | |
Statement [LineItems] | |
Fair Values of Assets and Liabilities at the Date of Acquisition and Consideration Paid | The fair values of assets and liabilities of SMAM at the date of acquisition and the consideration paid were as follows: At July 29, 2016 (In millions) Assets: Cash and deposits with banks ¥ 15,411 Trading assets 12,030 Intangible assets 14,555 All other assets 11,007 Total assets ¥ 53,003 Liabilities ¥ 14,995 Net assets ¥ 38,008 Non-controlling interests measured at their proportionate share of the identifiable net assets (15,203 ) Net assets acquired 22,805 Goodwill 38,053 Consideration ¥ 60,858 Consideration: Cash ¥ 20,286 Fair value of the equity interest in SMAM held before the acquisition 35,902 40,572 Total ¥ 60,858 Acquisition related costs recognized as an expense in “General and administrative expenses” in the consolidated income statement ¥ 8 |
2017 Business Acquisitions [member] | |
Statement [LineItems] | |
Total Amount of Cash Consideration Paid and Cash Acquired by Obtaining Control of Subsidiaries and Businesses | The total amount of cash consideration paid and cash acquired by obtaining control of subsidiaries during the fiscal year ended March 31, 2017 were as follows: For the fiscal year ended (In millions) Cash consideration paid ¥ (201,245 ) Cash and cash equivalents transferred as a result of the acquisitions 1,889 Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries ¥ (199,356 ) |
Assets and Disposal Groups He_2
Assets and Disposal Groups Held For Sale (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Non Current Asset And Disposal | The table below shows non-current assets and disposal groups held for sale at March 31, 2019 and 2018. At March 31, 2019 2018 (In millions) Assets held for sale: Loans and advances (1) ¥ — ¥ 3,010,314 Property, plant and equipment 57 1,435,637 Intangible assets — 179,358 All other assets — 1,026,641 Total 57 5,651,950 (2) Liabilities directly associated with the assets held for sale: Borrowings — 1,631,681 Debt securities in issue — 1,422,402 All other liabilities — 562,858 Total ¥ — ¥ 3,616,941 (2) (1) The balance in Loans and advances mainly consists of lease financing. (2) The assets and liabilities of Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL”) were classified as held for sale during the fiscal year ended March 31, 2018. |
Current and Non-current Disti_2
Current and Non-current Distinction (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Summary of Current and Non-Current Distinction | The following tables present an analysis of financial assets and liabilities, excluding cash and deposits with banks, trading assets and liabilities, derivative financial instruments, financial assets included in assets held for sale and financial liabilities included in liabilities directly associated with the assets held for sale, by amounts recovered or settled, not more than twelve months or more than twelve months, at March 31, 2019 and 2018. At March 31, 2019 Amounts recovered or settled Not more than More than Total (In millions) Assets: Call loans and bills bought ¥ 2,416,538 ¥ 49,207 ¥ 2,465,745 Reverse repurchase agreements and cash collateral on securities borrowed 10,273,844 72,150 10,345,994 Financial assets at fair value through profit or loss 871,333 1,770,083 2,641,416 Investment securities: Debt instruments at amortized cost 46,912 272,002 318,914 Debt instruments at fair value through other comprehensive income 2,381,961 10,951,260 13,333,221 Equity instruments at fair value through other comprehensive income — 4,172,892 4,172,892 Loans and advances 31,176,468 59,506,470 90,682,938 Other financial assets 3,507,199 101,930 3,609,129 Liabilities: Deposits ¥ 129,647,380 ¥ 4,757,272 ¥ 134,404,652 Call money and bills sold 1,307,779 — 1,307,779 Repurchase agreements and cash collateral on securities lent 12,887,249 — 12,887,249 Borrowings 8,713,483 3,454,375 12,167,858 Debt securities in issue 3,521,706 7,649,503 11,171,209 Other financial liabilities 5,593,895 2,618 5,596,513 At March 31, 2018 Amounts recovered or settled Not more than More than Total (In millions) Assets: Call loans and bills bought ¥ 1,802,317 ¥ 79,563 ¥ 1,881,880 Reverse repurchase agreements and cash collateral on securities borrowed 8,418,341 73,362 8,491,703 Financial assets at fair value through profit or loss 205,525 1,342,147 1,547,672 Investment securities: Held-to-maturity investments 92,033 280,426 372,459 Available-for-sale financial assets 5,034,184 15,088,432 20,122,616 Loans and advances 29,469,067 55,660,003 85,129,070 Other financial assets 3,490,685 107,957 3,598,642 Liabilities: Deposits ¥ 123,901,761 ¥ 4,559,766 ¥ 128,461,527 Call money and bills sold 1,190,929 — 1,190,929 Repurchase agreements and cash collateral on securities lent 12,022,593 — 12,022,593 Borrowings 7,264,455 3,388,026 10,652,481 Debt securities in issue 3,356,401 7,212,716 10,569,117 Other financial liabilities 6,687,889 3,153 6,691,042 |
Condensed Financial Informati_2
Condensed Financial Information of Registrant (SMFG) (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Text block [abstract] | |
Condensed Statement of Financial Position | Condensed Statements of Financial Position At March 31, 2019 2018 (In millions) Assets: Deposits with SMBC ¥ 434,005 ¥ 251,681 Investments in SMBC 4,613,790 4,613,844 Loans to SMBC 6,258,343 5,537,801 Investments in other subsidiaries, associates and joint ventures 1,477,703 1,548,012 Other assets 93,112 90,605 Current tax assets 118,878 67,414 Total assets ¥ 12,995,831 ¥ 12,109,357 Liabilities and equity: Short-term borrowings from SMBC ¥ 1,228,030 ¥ 1,228,030 Long-term borrowings 234,223 199,221 Debt securities in issue due to other subsidiaries 284,297 280,880 Debt securities in issue 4,898,140 4,216,292 Other liabilities 52,813 47,001 Total liabilities 6,697,503 5,971,424 Shareholders’ equity 5,702,082 5,541,687 Other equity instruments holders’ equity 596,246 596,246 Total equity 6,298,328 6,137,933 Total equity and liabilities ¥ 12,995,831 ¥ 12,109,357 |
Condensed Income Statement | Condensed Income Statements For the fiscal year ended March 31, 2019 2018 2017 (In millions) Income: Interest income from SMBC ¥ 145,075 ¥ 99,100 ¥ 52,938 Dividends from SMBC 325,333 223,334 408,419 Dividends from other subsidiaries, associates and joint ventures 46,473 33,668 20,428 Fees and commission income from subsidiaries 5,666 10,226 20,706 Other income 106,712 217 178 Total income 629,259 366,545 502,669 Expense: Interest expense to SMBC 4,298 4,298 4,474 Interest expense to other subsidiaries 13,663 16,309 13,039 Interest expense 128,360 89,699 45,223 Operating and other expense 24,857 21,525 12,165 Total expense 171,178 131,831 74,901 Profit before tax 458,081 234,714 427,768 Income tax expense (28,517 ) (7,085 ) (33,344 ) Net profit ¥ 486,598 ¥ 241,799 ¥ 461,112 Profit attributable to: Shareholders 474,723 232,077 453,183 Other equity instruments holders 11,875 9,722 7,929 |
Condensed Statement of Cash Flows | Condensed Statements of Cash Flows For the fiscal year ended March 31, 2019 2018 2017 (In millions) Operating Activities: Profit before tax ¥ 458,081 ¥ 234,714 ¥ 427,768 Income taxes paid—net (17,440 ) 35,010 23,427 Other operating activities—net (108,622 ) (3,736 ) (4,580 ) Net cash and cash equivalents provided by operating activities 332,019 265,988 446,615 Investing Activities: Loans provided to SMBC (626,746 ) (2,241,774 ) (1,972,253 ) Proceeds from sale of investment in subsidiaries 184,122 — — Other investing activities—net (6,548 ) (13,833 ) (5 ) Net cash and cash equivalents used in investing (449,172 ) (2,255,607 ) (1,972,258 ) Financing Activities: Proceeds from issuance of long-term borrowings 35,002 66,415 83,806 Proceeds from issuance of debt securities 591,744 1,525,271 1,738,267 Proceeds from issuance of other equity instruments — 149,080 149,081 Dividends paid to shareholders (245,595 ) (218,569 ) (211,501 ) Coupons paid to other equity instruments holders (11,875 ) (9,722 ) (7,929 ) Purchases of treasury stock and proceeds from sale of treasury stock—net (69,799 ) 380 (86 ) Net cash and cash equivalents provided by financing activities 299,477 1,512,855 1,751,638 Net increase of cash and cash equivalents 182,324 (476,764 ) 225,995 Cash and cash equivalents at beginning of period 251,681 728,445 502,450 Cash and cash equivalents at end of period ¥ 434,005 ¥ 251,681 ¥ 728,445 |
Summary Of Significant Accoun_4
Summary Of Significant Accounting Policies - Schedule of Effect of Adoption of IFRS 15 to IFRS 9 for Consolidated Financial Statement (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Assets: | |||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 | |
Call loans and bills bought | 2,465,745 | 1,881,880 | 1,881,880 | ||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | 8,491,703 | ||
Trading assets | 2,767,691 | 3,169,123 | 3,169,123 | ||
Derivative financial instruments | 3,382,574 | 3,885,271 | 3,885,271 | ||
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 | ||
Investment securities | 17,825,027 | 19,147,158 | 20,495,075 | ||
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 | ||
Investments in associates and joint ventures | 1,038,823 | 730,414 | 730,414 | ||
Property, plant and equipment | 1,507,786 | 1,510,132 | 1,510,132 | 2,686,055 | |
Intangible assets | 821,785 | 835,902 | 835,902 | ||
Other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Current tax assets | 143,459 | 87,961 | 87,961 | ||
Deferred tax assets | 37,073 | 19,192 | 19,436 | ||
Assets held for sale | 57 | 5,648,713 | 5,651,950 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities: | |||||
Deposits | 134,404,652 | 128,461,527 | 128,461,527 | ||
Call money and bills sold | 1,307,779 | 1,190,929 | 1,190,929 | ||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | 12,022,593 | ||
Trading liabilities | 1,998,694 | 2,143,899 | 2,143,899 | ||
Derivative financial instruments | 3,051,773 | 3,498,016 | 3,498,016 | ||
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | ||
Debt securities in issue | 11,171,209 | 10,569,117 | 10,569,117 | ||
Provisions | 194,818 | 213,250 | 188,267 | 194,700 | |
Other liabilities | 6,131,739 | 6,799,291 | 6,882,740 | ||
Current tax liabilities | 147,041 | 55,516 | 55,516 | ||
Deferred tax liabilities | 267,365 | 340,685 | 397,741 | ||
Liabilities directly associated with the assets held for sale | 3,616,941 | 3,616,941 | |||
Total liabilities | 183,730,177 | 179,564,245 | 179,679,767 | ||
Equity: | |||||
Capital stock | 2,339,443 | 2,338,743 | 2,338,743 | ||
Capital surplus | 726,012 | 863,505 | 863,505 | ||
Retained earnings | 5,715,101 | 5,419,607 | 5,149,193 | ||
Treasury stock | (16,302) | (12,493) | (12,493) | ||
Equity excluding other reserves | 8,764,254 | 8,609,362 | 8,338,948 | ||
Other reserves | 1,916,366 | 1,921,026 | 2,324,349 | ||
Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. | 10,680,620 | 10,530,388 | 10,663,297 | ||
Non-controlling interests | 494,123 | 1,233,230 | 1,232,980 | ||
Equity attributable to other equity instruments holders | 598,703 | 599,522 | 599,522 | ||
Total equity | 11,773,446 | 12,363,140 | 12,495,799 | ¥ 11,887,283 | ¥ 11,042,099 |
Total equity and liabilities | ¥ 195,503,623 | 191,927,385 | ¥ 192,175,566 | ||
Effect of adoption of IFRS 15 [member] | |||||
Assets: | |||||
Other assets | 21,662 | ||||
Deferred tax assets | (423) | ||||
Total assets | 21,239 | ||||
Liabilities: | |||||
Provisions | 1,858 | ||||
Other liabilities | (1,858) | ||||
Deferred tax liabilities | 6,405 | ||||
Total liabilities | 6,405 | ||||
Equity: | |||||
Retained earnings | 10,776 | ||||
Equity excluding other reserves | 10,776 | ||||
Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. | 10,776 | ||||
Non-controlling interests | 4,058 | ||||
Total equity | 14,834 | ||||
Total equity and liabilities | 21,239 | ||||
The effect of adoption of IFRS 9 [member] | Classification and measurement/presentation [member] | |||||
Assets: | |||||
Cash and deposits with banks | (50,597) | ||||
Financial assets at fair value through profit or loss | 1,562,703 | ||||
Investment securities | (1,347,917) | ||||
Loans and advances | (163,934) | ||||
Other assets | (106,673) | ||||
Total assets | (106,418) | ||||
Liabilities: | |||||
Other liabilities | (106,612) | ||||
Deferred tax liabilities | 59 | ||||
Total liabilities | (106,553) | ||||
Equity: | |||||
Retained earnings | 403,458 | ||||
Equity excluding other reserves | 403,458 | ||||
Other reserves | (403,323) | ||||
Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. | 135 | ||||
Total equity | 135 | ||||
Total equity and liabilities | (106,418) | ||||
The effect of adoption of IFRS 9 [member] | Impairment [member] | |||||
Assets: | |||||
Loans and advances | (159,944) | ||||
Deferred tax assets | 179 | ||||
Assets held for sale | (3,237) | ||||
Total assets | (163,002) | ||||
Liabilities: | |||||
Provisions | 23,125 | ||||
Other liabilities | 25,021 | ||||
Deferred tax liabilities | (63,520) | ||||
Total liabilities | (15,374) | ||||
Equity: | |||||
Retained earnings | (143,820) | ||||
Equity excluding other reserves | (143,820) | ||||
Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc. | (143,820) | ||||
Non-controlling interests | (3,808) | ||||
Total equity | (147,628) | ||||
Total equity and liabilities | ¥ (163,002) |
Summary Of Significant Accoun_5
Summary Of Significant Accounting Policies - Summary of Impact of Changes to Total Assets Under Classification and Measurement of Financial Assets and Impairment (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 |
Call loans and bills bought | 2,465,745 | 1,881,880 | 1,881,880 | |
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | 8,491,703 | |
Trading assets | 2,767,691 | 3,169,123 | 3,169,123 | |
Derivative financial instruments | 3,382,574 | 3,885,271 | 3,885,271 | |
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 | |
Investment securities | 17,825,027 | 19,147,158 | 20,495,075 | |
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 | |
Other financial assets | 3,609,129 | 3,598,642 | ||
Financial assets included in assets held for sale | 3,208,771 | |||
IAS 39 [member] | From Loans and receivables to amortised cost [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | 54,645,472 | |||
Call loans and bills bought | 1,881,880 | |||
Reverse repurchase agreements and cash collateral on securities borrowed | 8,491,703 | |||
Loans and advances | 84,965,136 | |||
Other financial assets | 3,598,581 | |||
Financial assets included in assets held for sale | 3,098,196 | |||
IAS 39 [member] | From loans and receivables to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | 45,824 | |||
Loans and advances | 160,765 | |||
Other financial assets | 61 | |||
IAS 39 [member] | Fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | 4,773 | |||
Trading assets | 3,169,123 | |||
Derivative financial instruments | 3,885,271 | |||
Financial assets at fair value through profit or loss | 1,547,672 | |||
Investment securities | 2,588 | |||
Loans and advances | 3,169 | |||
IAS 39 [member] | From available for sale to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Investment securities | 1,345,329 | |||
Financial assets included in assets held for sale | 38,998 | |||
IAS 39 [member] | From held to maturity to amortised cost category [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Investment securities | 372,459 | |||
IAS 39 [member] | From available for sale to fair value through other comprehensive income [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Investment securities | 18,774,699 | |||
Financial assets included in assets held for sale | 69,884 | |||
IAS 39 [member] | From fair value through profit or loss to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Financial assets included in assets held for sale | ¥ 1,693 | |||
Classification and presentation [member] | | From Loans and receivables to amortised cost [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Other financial assets | (106,612) | |||
Classification and presentation [member] | | From loans and receivables to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | (45,824) | |||
Financial assets at fair value through profit or loss | 206,650 | |||
Loans and advances | (160,765) | |||
Other financial assets | (61) | |||
Classification and presentation [member] | | Fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | (4,773) | |||
Financial assets at fair value through profit or loss | 10,530 | |||
Investment securities | (2,588) | |||
Loans and advances | (3,169) | |||
Classification and presentation [member] | | From available for sale to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Financial assets at fair value through profit or loss | 1,345,329 | |||
Investment securities | (1,345,329) | |||
Measurement and impairment [member] | From Loans and receivables to amortised cost [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Loans and advances | (159,944) | |||
Financial assets included in assets held for sale | (3,237) | |||
Measurement and impairment [member] | From loans and receivables to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Financial assets at fair value through profit or loss | 194 | |||
IFRS 9 [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Loans and advances | ¥ 90,682,938 | |||
IFRS 9 [member] | From Loans and receivables to amortised cost [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Cash and deposits with banks | 54,645,472 | |||
Call loans and bills bought | 1,881,880 | |||
Reverse repurchase agreements and cash collateral on securities borrowed | 8,491,703 | |||
Loans and advances | 84,805,192 | |||
Other financial assets | 3,491,969 | |||
Financial assets included in assets held for sale | 3,094,959 | |||
IFRS 9 [member] | From loans and receivables to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Financial assets at fair value through profit or loss | 206,844 | |||
IFRS 9 [member] | Fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Trading assets | 3,169,123 | |||
Derivative financial instruments | 3,885,271 | |||
Financial assets at fair value through profit or loss | 1,558,202 | |||
IFRS 9 [member] | From available for sale to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Financial assets at fair value through profit or loss | 1,345,329 | |||
Financial assets included in assets held for sale | 38,998 | |||
IFRS 9 [member] | From held to maturity to amortised cost category [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Investment securities | 372,459 | |||
IFRS 9 [member] | From available for sale to fair value through other comprehensive income [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Investment securities | 18,774,699 | |||
Financial assets included in assets held for sale | 69,884 | |||
IFRS 9 [member] | From fair value through profit or loss to fair value through profit or loss [member] | ||||
Disclosure of financial assets to which overlay approach is applied [line items] | ||||
Financial assets included in assets held for sale | ¥ 1,693 |
Summary Of Significant Accoun_6
Summary Of Significant Accounting Policies - Summary of Impact of Changes to Total Assets Under Classification and Measurement of Financial Assets and Impairment (Parenthetical) (Detail) ¥ in Millions | Apr. 01, 2018JPY (¥) |
Fixed Rate of Instruments [abstract] | |
Fair value of instruments | ¥ 4,586,730 |
Summary Of Significant Accoun_7
Summary Of Significant Accounting Policies - Summary of Impact upon Adoption of IFRS 9 Impairment (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | ¥ 491,676 | ¥ 680,456 | ¥ 722,717 | ||
IAS 37 [member] | Financial guarantees [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 1,498 | ||||
IAS 39 [member] | Loans and advances [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 491,676 | ||||
IAS 39 [member] | Loan commitments [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 4,374 | ||||
Remeasurement [member] | Loans and advances [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | ¥ 159,944 | ||||
Remeasurement [member] | Loan commitments [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 23,125 | ||||
Remeasurement [member] | Financial guarantees [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 25,021 | ||||
IFRS 9 [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | ¥ 604,988 | ¥ 651,620 | |||
IFRS 9 [member] | Loans and advances [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 651,620 | ||||
IFRS 9 [member] | Loan commitments [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | 27,499 | ||||
IFRS 9 [member] | Financial guarantees [member] | |||||
Disclosure of financial assets [line items] | |||||
Impairment allowance for loans and receivable | ¥ 26,519 |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Additional Information (Detail) - JPY (¥) ¥ in Millions | Apr. 01, 2019 | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Summary Of Significant Accounting Policies [Line items] | ||||
Assets | ¥ 195,503,623 | ¥ 191,927,385 | ¥ 192,175,566 | |
Liability | ¥ 183,730,177 | ¥ 179,564,245 | ¥ 179,679,767 | |
IFRS 16 [member] | Estimated Amount [member] | ||||
Summary Of Significant Accounting Policies [Line items] | ||||
Assets | ¥ 400,000 | |||
Liability | ¥ 400,000 |
Critical Accounting Estimates_2
Critical Accounting Estimates and Judgments - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Apr. 01, 2018 | |
Critical accounting estimates and judgments [line items] | ||||
Impairment charges | ¥ 122,927 | ¥ 126,623 | ¥ 141,457 | |
Impairment losses on goodwill | 62,624 | 28,607 | 74,616 | |
Provision | 194,818 | 188,267 | 194,700 | ¥ 213,250 |
Net assets of retirement benefits | 232,456 | 279,567 | ||
Deferred tax assets | 37,073 | 19,436 | ¥ 19,192 | |
Net total of deferred tax assets and liabilities amounted to net liabilities | 230,292 | 378,305 | 238,240 | |
Provision for interest repayment [member] | ||||
Critical accounting estimates and judgments [line items] | ||||
Provision | ¥ 148,409 | ¥ 145,179 | ¥ 157,333 | |
Interest Rate Restriction Act [member] | Minimum [member] | ||||
Critical accounting estimates and judgments [line items] | ||||
Interest rates on loans | 15.00% | |||
Interest Rate Restriction Act [member] | Maximum [member] | ||||
Critical accounting estimates and judgments [line items] | ||||
Interest rates on loans | 20.00% | |||
Act regulating the receipt of contributions, receipt of deposits and interest rates [member] | Maximum [member] | ||||
Critical accounting estimates and judgments [line items] | ||||
Interest rates on loans | 29.20% |
Segment Analysis - Additional I
Segment Analysis - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2019SegmentsCustomer | |
Disclosure of operating segments [abstract] | |
Number of main business segments | Segments | 4 |
Number of consumer finance companies | Customer | 3 |
Segment Analysis - Segmental Re
Segment Analysis - Segmental Results of Operations (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Consolidated gross profit | ¥ 2,846.2 | ¥ 2,981.1 | ¥ 2,920.7 |
General and administrative expenses | (1,715.1) | (1,816.2) | (1,812.4) |
Others | 61.2 | 38.9 | 24.6 |
Consolidated net business profit | 1,192.3 | 1,203.8 | 1,132.9 |
Operating segments [member] | Wholesale Business Unit [member] | |||
Disclosure of operating segments [line items] | |||
Consolidated gross profit | 784.9 | 772.9 | 776.4 |
General and administrative expenses | (345.1) | (347.9) | (344.8) |
Others | 45.1 | 53.7 | 45.6 |
Consolidated net business profit | 484.9 | 478.7 | 477.2 |
Operating segments [member] | Retail Business Unit [member] | |||
Disclosure of operating segments [line items] | |||
Consolidated gross profit | 1,281.6 | 1,311.7 | 1,313.9 |
General and administrative expenses | (1,021.4) | (1,027.7) | (1,041.1) |
Others | 14.4 | 15.6 | 12.1 |
Consolidated net business profit | 274.6 | 299.6 | 284.9 |
Operating segments [member] | International Business Unit [member] | |||
Disclosure of operating segments [line items] | |||
Consolidated gross profit | 689.6 | 632 | 566.1 |
General and administrative expenses | (333.4) | (280.7) | (241.2) |
Others | 38.9 | 46.9 | 38.5 |
Consolidated net business profit | 395.1 | 398.2 | 363.4 |
Operating segments [member] | Global Markets Business Unit [member] | |||
Disclosure of operating segments [line items] | |||
Consolidated gross profit | 333.6 | 356.2 | 346.8 |
General and administrative expenses | (54.2) | (53.9) | (50.2) |
Others | 19.1 | 17.5 | 8.2 |
Consolidated net business profit | 298.5 | 319.8 | 304.8 |
Head office account and others [member] | |||
Disclosure of operating segments [line items] | |||
Consolidated gross profit | (243.5) | (91.7) | (82.5) |
General and administrative expenses | 39 | (106) | (135.1) |
Others | (56.3) | (94.8) | (79.8) |
Consolidated net business profit | ¥ (260.8) | ¥ (292.5) | ¥ (297.4) |
Segment Analysis - Reconciliati
Segment Analysis - Reconciliation of Segmental Results of Operations to Consolidated Income Statements (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Consolidated net business profit | ¥ 1,192,300 | ¥ 1,203,800 | ¥ 1,132,900 |
Others | 61,200 | 38,900 | 24,600 |
Profit before tax | 831,892 | 1,118,976 | 880,352 |
Reconciling management reporting under Japanese GAAP to IFRS [member] | |||
Disclosure of operating segments [line items] | |||
Total credit costs | (110,300) | (94,200) | (164,400) |
Gains on equity instruments | 116,300 | 118,900 | 55,000 |
Extraordinary gains or losses and others | (74,700) | (119,600) | (44,200) |
Profit before tax under Japanese GAAP | 1,123,600 | 1,108,900 | 979,300 |
Scope of consolidation | 100 | (1,600) | (12,000) |
Derivative financial instruments | 31,300 | (20,700) | (110,900) |
Investment securities | (129,500) | 68,800 | (8,800) |
Loans and advances | (23,200) | (33,500) | (700) |
Investments in associates and joint ventures | (86,500) | (1,600) | (15,900) |
Property, plant and equipment | (1,200) | 1,000 | 1,300 |
Lease accounting | (1,400) | (500) | (3,700) |
Defined benefit plans | (51,400) | (13,200) | 22,900 |
Foreign currency translation | 1,300 | 12,700 | 3,600 |
Classification of equity and liability | 11,900 | 14,100 | 8,400 |
Others | ¥ (43,100) | ¥ (15,400) | ¥ 16,900 |
Segment Analysis - Operating In
Segment Analysis - Operating Income by Geographical Area (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of geographical areas [Line Items] | |||
Total operating income | ¥ 3,202,446 | ¥ 3,812,347 | ¥ 3,347,895 |
Japan [member] | |||
Disclosure of geographical areas [Line Items] | |||
Total operating income | 2,114,145 | 2,670,858 | 2,356,627 |
Domestic [member] | |||
Disclosure of geographical areas [Line Items] | |||
Total operating income | 2,114,145 | 2,670,858 | 2,356,627 |
Americas [member] | |||
Disclosure of geographical areas [Line Items] | |||
Total operating income | 315,531 | 350,118 | 313,742 |
Europe and Middle East [member] | |||
Disclosure of geographical areas [Line Items] | |||
Total operating income | 371,413 | 484,807 | 401,320 |
Asia and Oceania [member] | |||
Disclosure of geographical areas [Line Items] | |||
Total operating income | 401,357 | 306,564 | 276,206 |
Foreign [member] | |||
Disclosure of geographical areas [Line Items] | |||
Total operating income | ¥ 1,088,301 | ¥ 1,141,489 | ¥ 991,268 |
Cash and Deposits with Banks -
Cash and Deposits with Banks - Summary of Cash and Deposits with Banks (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Cash [abstract] | ||||
Cash | ¥ 1,062,952 | ¥ 703,138 | ||
Deposits with banks | 56,700,489 | 53,992,931 | ||
Total cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 |
Cash and Deposits with Banks _2
Cash and Deposits with Banks - Reconciliation of Cash and Cash Equivalents Used for the Purposes of the Consolidated Statement of Cash Flows (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Cash and cash equivalents [abstract] | |||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 | |
Less: term deposits with original maturities over three months | (532,784) | (627,837) | (606,795) | ||
Less: cash segregated as deposits and others | (514,128) | (667,099) | (478,541) | ||
Add: cash and cash equivalents included in assets held for sale | 15,323 | ||||
Cash and cash equivalents | ¥ 56,716,529 | ¥ 53,416,456 | ¥ 46,244,819 | ¥ 42,126,966 |
Cash and Deposits with Banks _3
Cash and Deposits with Banks - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Cash and cash equivalents [abstract] | |||
Reserves funds required to be maintained by the SMBC Group | ¥ 1,784,466 | ¥ 1,689,340 | ¥ 1,644,684 |
Trading Assets - Summary of Tra
Trading Assets - Summary of Trading Assets (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of financial assets [line items] | |||
Total trading assets | ¥ 2,767,691 | ¥ 3,169,123 | ¥ 3,169,123 |
Debt instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total trading assets | 2,480,903 | 2,841,148 | |
Equity instruments [member] | |||
Disclosure of financial assets [line items] | |||
Total trading assets | ¥ 286,788 | ¥ 327,975 |
Derivative Financial Instrume_3
Derivative Financial Instruments - Derivative Financial Instruments by Type and Purpose of Derivatives (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Assets | ¥ 3,382,574 | ¥ 3,885,271 | ¥ 3,885,271 |
Liabilities | 3,051,773 | ¥ 3,498,016 | 3,498,016 |
Trading [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 916,181,983 | 801,583,625 | |
Assets | 2,991,127 | 3,301,647 | |
Liabilities | 2,533,990 | 3,052,357 | |
Trading [member] | Interest rate derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 779,291,352 | 676,464,541 | |
Assets | 1,738,231 | 1,771,745 | |
Liabilities | 1,484,122 | 1,639,850 | |
Trading [member] | Interest rate derivatives [member] | Futures [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 63,332,406 | 78,295,049 | |
Assets | 44,812 | 28,689 | |
Liabilities | 46,428 | 28,871 | |
Trading [member] | Interest rate derivatives [member] | Listed options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 134,733,142 | 66,989,307 | |
Assets | 24,131 | 4,538 | |
Liabilities | 2,593 | 722 | |
Trading [member] | Interest rate derivatives [member] | Forwards [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 54,486,370 | 25,030,851 | |
Assets | 642 | 274 | |
Liabilities | 939 | 994 | |
Trading [member] | Interest rate derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 444,347,278 | 429,498,805 | |
Assets | 1,561,977 | 1,651,945 | |
Liabilities | 1,290,977 | 1,500,361 | |
Trading [member] | Interest rate derivatives [member] | OTC options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 82,392,156 | 76,650,529 | |
Assets | 106,669 | 86,299 | |
Liabilities | 143,185 | 108,902 | |
Trading [member] | Currency derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 132,054,681 | 120,282,459 | |
Assets | 1,167,833 | 1,439,993 | |
Liabilities | 935,956 | 1,293,900 | |
Trading [member] | Currency derivatives [member] | Futures [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 3,942 | 689 | |
Assets | 22 | ||
Liabilities | 19 | ||
Trading [member] | Currency derivatives [member] | Forwards [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 79,268,300 | 74,380,475 | |
Assets | 488,211 | 759,993 | |
Liabilities | 415,097 | 708,645 | |
Trading [member] | Currency derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 46,014,820 | 39,668,889 | |
Assets | 594,144 | 577,350 | |
Liabilities | 441,257 | 490,014 | |
Trading [member] | Currency derivatives [member] | OTC options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 6,767,619 | 6,232,406 | |
Assets | 85,456 | 102,650 | |
Liabilities | 79,602 | 95,222 | |
Trading [member] | Equity derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 3,048,195 | 3,354,789 | |
Assets | 61,761 | 71,344 | |
Liabilities | 96,140 | 105,194 | |
Trading [member] | Equity derivatives [member] | Futures [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 933,068 | 829,262 | |
Assets | 4,418 | 5,946 | |
Liabilities | 2,313 | 9,747 | |
Trading [member] | Equity derivatives [member] | Listed options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 1,259,343 | 1,779,546 | |
Assets | 29,384 | 42,209 | |
Liabilities | 56,854 | 68,341 | |
Trading [member] | Equity derivatives [member] | Forwards [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 7,564 | ||
Assets | 745 | ||
Liabilities | 208 | ||
Trading [member] | Equity derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 119,145 | 77,015 | |
Assets | 654 | 186 | |
Liabilities | 8,477 | 8,171 | |
Trading [member] | Equity derivatives [member] | OTC options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 736,639 | 661,402 | |
Assets | 27,305 | 22,258 | |
Liabilities | 28,496 | 18,727 | |
Trading [member] | Commodity derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 225,655 | 161,539 | |
Assets | 7,517 | 6,516 | |
Liabilities | 5,848 | 4,948 | |
Trading [member] | Commodity derivatives [member] | Futures [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 28,823 | 20,902 | |
Assets | 445 | 402 | |
Liabilities | 415 | 464 | |
Trading [member] | Commodity derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 183,117 | 128,467 | |
Assets | 7,006 | 6,052 | |
Liabilities | 5,019 | 3,974 | |
Trading [member] | Commodity derivatives [member] | OTC options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 13,715 | 12,170 | |
Assets | 66 | 62 | |
Liabilities | 414 | 510 | |
Trading [member] | Credit derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 1,562,100 | 1,320,297 | |
Assets | 15,785 | 12,049 | |
Liabilities | 11,924 | 8,465 | |
Risk management [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 62,001,135 | 77,539,041 | |
Assets | 391,447 | 583,624 | |
Liabilities | 517,783 | 445,659 | |
Risk management [member] | Interest rate derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 51,692,181 | 69,550,646 | |
Assets | 270,514 | 300,376 | |
Liabilities | 340,931 | 333,182 | |
Risk management [member] | Interest rate derivatives [member] | Futures [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 2,220,000 | 18,269,263 | |
Assets | 5,534 | ||
Liabilities | 149 | 1,167 | |
Risk management [member] | Interest rate derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 49,315,116 | 51,131,039 | |
Assets | 267,094 | 294,842 | |
Liabilities | 340,752 | 329,446 | |
Risk management [member] | Interest rate derivatives [member] | OTC options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 157,065 | 150,344 | |
Assets | 3,420 | ||
Liabilities | 30 | 2,569 | |
Risk management [member] | Currency derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 10,260,443 | 7,986,176 | |
Assets | 119,077 | 283,248 | |
Liabilities | 176,822 | 112,322 | |
Risk management [member] | Currency derivatives [member] | Forwards [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 2,246,274 | 1,866,249 | |
Assets | 18,370 | 49,440 | |
Liabilities | 57,069 | 24,929 | |
Risk management [member] | Currency derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 8,014,169 | 6,119,927 | |
Assets | 100,707 | 233,808 | |
Liabilities | 119,753 | 87,393 | |
Risk management [member] | Equity derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 48,511 | 2,219 | |
Assets | 1,856 | ||
Liabilities | 30 | 155 | |
Risk management [member] | Equity derivatives [member] | Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 48,511 | 2,219 | |
Assets | 1,856 | ||
Liabilities | ¥ 30 | ¥ 155 |
Derivative Financial Instrume_4
Derivative Financial Instruments - Schedule of Items Designated as Hedging Instruments (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Equity swaps [member] | Derivative Financial Instruments-Net [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Nominal amounts | ¥ 48,511 |
Change in value used for calculating hedge ineffectiveness | 14,860 |
Investments at fair value through other comprehensive income [member] | Investment securities [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Change in value used for calculating hedge ineffectiveness | (14,376) |
Carrying value [member] | Equity swaps [member] | Derivative Financial Instruments-Net [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Carrying amounts, Assets | 1,856 |
Carrying amounts, Liabilities | 30 |
Carrying value [member] | Investments at fair value through other comprehensive income [member] | Investment securities [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Carrying amounts | ¥ 45,847 |
Derivative Financial Instrume_5
Derivative Financial Instruments - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | ||
Accumulated amount of fair value hedge adjustments on the hedged items | ¥ 14,376 | |
Accumulated amounts of fair value hedge adjustments remaining for any hedged items ceased to be adjusted for hedging gains and losses | 0 | |
Hedge ineffectiveness recognized in other comprehensive income | 484 | |
Translating foreign operations reserve, balance remaining | 0 | |
Changes in translating foreign operations reserve | 25,952 | |
Hedges of net investment in foreign operations [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Gain (loss) on hedge ineffectiveness | ¥ 0 | ¥ 0 |
Derivative Financial Instrume_6
Derivative Financial Instruments - Schedule of Hedges of Net Investments in Foreign Operations (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Foreign exchange forward contracts [member] | Derivative Financial Instruments-Net [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Nominal amounts | ¥ 2,243,501 |
Change in value used for calculating hedge ineffectiveness | (18,574) |
Foreign currency denominated financial liabilities [member] | Debt securities, borrowed money, deposits [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Nominal amounts | 192,039 |
Change in value used for calculating hedge ineffectiveness | (7,378) |
Carrying value [member] | Foreign exchange forward contracts [member] | Derivative Financial Instruments-Net [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Carrying amounts, Assets | 18,370 |
Carrying amounts, Liabilities | 56,850 |
Carrying value [member] | Foreign currency denominated financial liabilities [member] | Debt securities, borrowed money, deposits [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Carrying amounts, Liabilities | ¥ 192,039 |
Derivative Financial Instrume_7
Derivative Financial Instruments - Schedule of Items Designated as Hedged Items (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Disclosure of detailed information about financial instruments [line items] | |
Change in value used for calculating hedge ineffectiveness | ¥ 25,952 |
Translating foreign operations reserve | 7,807 |
USD foreign operations [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Change in value used for calculating hedge ineffectiveness | 34,244 |
Translating foreign operations reserve | (6,714) |
HKD foreign operations [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Change in value used for calculating hedge ineffectiveness | 9,468 |
Translating foreign operations reserve | (4,638) |
EUR foreign operations [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Change in value used for calculating hedge ineffectiveness | (19,297) |
Translating foreign operations reserve | 13,288 |
Other foreign operations [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Change in value used for calculating hedge ineffectiveness | 1,537 |
Translating foreign operations reserve | ¥ 5,871 |
Derivative Financial Instrume_8
Derivative Financial Instruments and Hedge Accounting - Summary of Items Designated as Hedging Instruments (Detail) - Hedges of net investment in foreign operations [member] - Currency derivatives [member] ¥ in Millions | Mar. 31, 2018JPY (¥) |
Disclosure of detailed information about hedging instruments [line items] | |
Notional amounts | ¥ 1,866,249 |
Assets | 49,440 |
Liabilities | ¥ 24,929 |
Derivative Financial Instrume_9
Derivative Financial Instruments and Hedge Accounting - Additional Information (Detail) - Hedges of net investment in foreign operations [member] - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about hedging instruments [line items] | ||
Carrying amount of foreign currency denominated financial liabilities | ¥ 208,294 | |
Gain (loss) on hedge ineffectiveness | ¥ 0 | ¥ 0 |
Derivative Financial Instrum_10
Derivative Financial Instruments - Schedule of Timing of Nominal Amount of Hedging Instruments (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Assets | ¥ 3,382,574 | ¥ 3,885,271 | ¥ 3,885,271 |
Liabilities | 3,051,773 | ¥ 3,498,016 | 3,498,016 |
Trading [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 916,181,983 | 801,583,625 | |
Assets | 2,991,127 | 3,301,647 | |
Liabilities | 2,533,990 | 3,052,357 | |
Trading [member] | Credit derivatives [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 1,562,100 | 1,320,297 | |
Assets | 15,785 | 12,049 | |
Liabilities | 11,924 | 8,465 | |
Trading [member] | Credit derivatives [member] | Protection purchased [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 638,396 | 549,343 | |
Assets | 1,412 | 307 | |
Liabilities | 7,906 | 7,682 | |
Trading [member] | Credit derivatives [member] | Protection purchased [member] | Managing the SMBC Group's credit risk portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 549,794 | 442,991 | |
Assets | 1,258 | 220 | |
Liabilities | 6,547 | 5,950 | |
Trading [member] | Credit derivatives [member] | Protection purchased [member] | Facilitating client transactions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 88,602 | 106,352 | |
Assets | 154 | 87 | |
Liabilities | 1,359 | 1,732 | |
Trading [member] | Credit derivatives [member] | Protection sold [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 923,704 | 770,954 | |
Assets | 14,373 | 11,742 | |
Liabilities | 4,018 | 783 | |
Trading [member] | Credit derivatives [member] | Protection sold [member] | Managing the SMBC Group's credit risk portfolio | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 873,197 | 684,080 | |
Assets | 13,700 | 10,615 | |
Liabilities | 3,877 | 751 | |
Trading [member] | Credit derivatives [member] | Protection sold [member] | Facilitating client transactions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional amounts | 50,507 | 86,874 | |
Assets | 673 | 1,127 | |
Liabilities | ¥ 141 | ¥ 32 |
Derivative Financial Instrum_11
Derivative Financial Instruments - Notional Amounts and Fair Value of Credit Derivative Portfolio by Type of Counter party (Detail) - Trading [member] - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | ¥ 916,181,983 | ¥ 801,583,625 |
Credit derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | 1,562,100 | 1,320,297 |
Credit derivatives [member] | Protection purchased [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | 638,396 | 549,343 |
Credit derivatives [member] | Protection purchased [member] | Banks and broker dealers [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | 626,896 | 537,843 |
Credit derivatives [member] | Protection purchased [member] | Insurance and other financial guaranty firms [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | 11,500 | 11,500 |
Credit derivatives [member] | Protection sold [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | 923,704 | 770,954 |
Credit derivatives [member] | Protection sold [member] | Banks and broker dealers [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional amounts | ¥ 923,704 | ¥ 770,954 |
Financial Assets at Fair Valu_3
Financial Assets at Fair Value through Profit or Loss - Summary of Financial Assets at Fair Value through Profit or Loss (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of financial assets [line items] | |||
Financial assets at fair value through profit or loss | ¥ 2,641,416 | ¥ 3,110,375 | ¥ 1,547,672 |
Debt instruments [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at fair value through profit or loss | 2,620,686 | 1,528,921 | |
Equity instruments [member] | |||
Disclosure of financial assets [line items] | |||
Financial assets at fair value through profit or loss | ¥ 20,730 | ¥ 18,751 |
Investment Securities - Summary
Investment Securities - Summary of Investment Securities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at amortized cost | ¥ 318,914 | ||
Available-for-sale financial assets | ¥ 20,122,616 | ||
Equity instruments at fair value through other comprehensive income | 4,172,892 | ||
Debt instruments at fair value through other comprehensive income | 13,333,221 | ||
Total investment securities | 17,825,027 | ¥ 19,147,158 | 20,495,075 |
Held-to-maturity investments | 372,459 | ||
Domestic [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at amortized cost | 280,246 | ||
Available-for-sale financial assets | 13,190,670 | ||
Debt instruments at fair value through other comprehensive income | 5,455,863 | ||
Domestic [member] | Japanese government bonds [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at amortized cost | 280,246 | ||
Held-to-maturity investments | 372,459 | ||
Domestic [member] | Debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 8,028,936 | ||
Domestic [member] | Debt instruments [member] | Japanese government bonds [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 7,685,303 | ||
Debt instruments at fair value through other comprehensive income | 5,027,695 | ||
Domestic [member] | Debt instruments [member] | Japanese municipal bonds [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 47,032 | ||
Debt instruments at fair value through other comprehensive income | 99,164 | ||
Domestic [member] | Debt instruments [member] | Japanese corporate bonds [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 296,601 | ||
Debt instruments at fair value through other comprehensive income | 328,978 | ||
Domestic [member] | Debt instruments [member] | Other debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at fair value through other comprehensive income | 26 | ||
Domestic [member] | Equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 5,161,734 | ||
Foreign [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at amortized cost | 38,668 | ||
Available-for-sale financial assets | 6,931,946 | ||
Debt instruments at fair value through other comprehensive income | 7,877,358 | ||
Foreign [member] | Bonds issued by other governments and official institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at amortized cost | 36,827 | ||
Foreign [member] | Other debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Debt instruments at amortized cost | 1,841 | ||
Foreign [member] | Debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 6,253,770 | ||
Foreign [member] | Debt instruments [member] | U.S. Treasury and other U.S. government agency bonds [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 3,246,646 | ||
Debt instruments at fair value through other comprehensive income | 4,426,635 | ||
Foreign [member] | Debt instruments [member] | Bonds issued by other governments and official institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 2,187,450 | ||
Debt instruments at fair value through other comprehensive income | 2,121,407 | ||
Foreign [member] | Debt instruments [member] | Mortgage- backed securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 488,183 | ||
Debt instruments at fair value through other comprehensive income | 1,043,987 | ||
Foreign [member] | Debt instruments [member] | Other debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | 331,491 | ||
Debt instruments at fair value through other comprehensive income | 285,329 | ||
Foreign [member] | Equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Available-for-sale financial assets | ¥ 678,176 | ||
Domestic equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Equity instruments at fair value through other comprehensive income | 3,729,120 | ||
Foreign equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Equity instruments at fair value through other comprehensive income | ¥ 443,772 |
Investment Securities - Schedul
Investment Securities - Schedule of Equity Instruments at Fair Value through Other Comprehensive Income (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | ¥ 4,172,892 |
Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 3,453,493 |
Unlisted [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | ¥ 719,399 |
Investment Securities - Sched_2
Investment Securities - Schedule of Investments in Listed Equity Instruments at Fair Value through Other Comprehensive Income (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | ¥ 4,172,892 |
Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 3,453,493 |
Toyota Motor Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 252,568 |
Daikin Industries, Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 116,730 |
East Japan Railway Company [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 87,245 |
Central Japan Railway Company [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 85,614 |
Kotak Mahindra Bank Limited [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 70,472 |
Sumitomo Realty and Development Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 63,113 |
Kubota Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 57,592 |
Daiwa House Industry Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 56,716 |
West Japan Railway Company [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 53,370 |
Fuji Film Holdings Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 52,747 |
Komatsu Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 45,847 |
Asahi Group Holdings, Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 45,145 |
Japan Exchange Group, Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 44,534 |
Mitsui and Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 44,109 |
Nippon Paint Holdings Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 43,499 |
Daiichi Sankyo Company, Limited [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 42,908 |
Nidec Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 42,531 |
Taisho Pharmaceutical Holdings Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 42,506 |
Mitsui Fudosan Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 41,285 |
Seven & I Holdings Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 41,065 |
Sg Holdings Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 40,635 |
Bridgestone Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 38,394 |
Murata Manufacturing Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 37,628 |
Asahi Kasei Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 34,722 |
Nippon Steel & Sumitomo Metal Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 34,161 |
Koito Manufacturing Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 34,126 |
Shionogi & Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 31,487 |
Itochu Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 29,104 |
Recruit Holdings Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 28,449 |
Chubu Electric Power Company, Incorporated [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 25,830 |
Tokyo Electric Power Company Holdings, Incorporated [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 25,149 |
Stanley Electric Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 24,131 |
Daifuku Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 23,503 |
Makita Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 22,361 |
Oji Holdings Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 21,756 |
Gmo Payment Gateway, Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 19,663 |
Toray Industries, Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 19,102 |
Idemitsu Kosan Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 19,054 |
The Kansai Electric Power Company, Incorporated [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 18,161 |
Shimano Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 18,000 |
Minebea Mitsumi Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 17,002 |
Toho Gas Co., Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 16,422 |
House Foods Group Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 16,323 |
Kajima Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 15,966 |
Mazda Motor Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 15,924 |
Toyota Tsusho Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 15,320 |
Brother Industries, Ltd. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 15,152 |
Sumitomo Chemical Company, Limited [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 15,051 |
Hankyu Hanshin Holdings, Inc. [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 14,865 |
Sanwa Holdings Corporation [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | 14,809 |
Others [member] | Listed [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity instruments at fair value through other comprehensive income | ¥ 1,421,647 |
Investment Securities - Sched_3
Investment Securities - Schedule of Fair Value of Equity Instruments Measured at Fair Value through Other Comprehensive Income at Date of Derecoginititon And Cumulative Gain on Disposal (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Disclosure of detailed information about financial instruments [abstract] | |
Fair value of the equity instruments at fair value through other comprehensive income at the date of derecognition | ¥ 275,410 |
Cumulative gain on disposal | ¥ 93,574 |
Investment Securities -Addition
Investment Securities -Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Disclosure of detailed information about financial instruments [abstract] | |
Transfer to retained earnings from disposal of equity instruments at fair value through other reserves | ¥ 64,012 |
Loans and Advances - Summary of
Loans and Advances - Summary of Loans and Advances (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Disclosure of detailed information about financial instruments [line items] | |||||
Loans and advances at amortized | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 | ||
Adjust: Unearned income, unamortized premiums-net and deferred loan fees-net | (258,392) | (239,181) | |||
Less: Allowance for loan losses | (491,676) | ¥ (680,456) | ¥ (722,717) | ||
Gross carrying amount [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Loans and advances at amortized | 91,546,318 | 85,859,927 | |||
Allowance for loan losses [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Less: Allowance for loan losses | (604,988) | ¥ (491,676) | |||
12-month ECL [member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Loans and advances at amortized | 89,073,539 | ||||
12-month ECL [member] | Allowance for loan losses [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Less: Allowance for loan losses | (158,094) | ||||
Lifetime ECL not credit-impaired [member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Loans and advances at amortized | 1,590,761 | ||||
Lifetime ECL not credit-impaired [member] | Allowance for loan losses [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Less: Allowance for loan losses | (92,446) | ||||
Lifetime ECL credit-impaired [member] | Gross carrying amount [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Loans and advances at amortized | 882,018 | ||||
Lifetime ECL credit-impaired [member] | Allowance for loan losses [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Less: Allowance for loan losses | ¥ (354,448) |
Loans and Advances - Reconcilia
Loans and Advances - Reconciliation of Allowance for Loan Losses (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of detailed information about financial instruments [line items] | |||
Allowance for loan losses at beginning of period | ¥ 491,676 | ¥ 680,456 | ¥ 722,717 |
Provision for loan losses | 122,927 | 126,623 | 141,457 |
Charge-offs | 185,060 | 190,508 | |
Recoveries | 10,232 | 10,297 | |
Net charge-offs | 174,828 | 180,211 | |
Others | (140,575) | (3,507) | |
Allowance for loan losses at end of period | 491,676 | 680,456 | |
IFRS 9 [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Allowance for loan losses at beginning of period | 651,620 | ||
Provision for loan losses | 122,927 | ||
Charge-offs | 180,254 | ||
Recoveries | 11,042 | ||
Net charge-offs | 169,212 | ||
Others | (347) | ||
Allowance for loan losses at end of period | 604,988 | 651,620 | |
Domestic [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Charge-offs | 161,526 | 157,373 | |
Recoveries | 9,658 | 9,852 | |
Domestic [member] | IFRS 9 [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Charge-offs | 139,496 | ||
Recoveries | 9,767 | ||
Foreign [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Allowance for loan losses at beginning of period | 114,306 | 128,347 | 134,664 |
Provision for loan losses | 19,872 | 29,699 | |
Charge-offs | 23,534 | 33,135 | |
Recoveries | 574 | 445 | |
Allowance for loan losses at end of period | 114,306 | ¥ 128,347 | |
Foreign [member] | IFRS 9 [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Allowance for loan losses at beginning of period | 153,167 | ||
Provision for loan losses | 46,597 | ||
Charge-offs | 40,758 | ||
Recoveries | 1,275 | ||
Allowance for loan losses at end of period | ¥ 155,114 | ¥ 153,167 |
Investments in Associates and_3
Investments in Associates and Joint Ventures - Summary of Investments in Associates and Joint Ventures (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Sumitomo Mitsui Finance and Leasing Company, Limited [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Joint Venture, Company Name | Sumitomo Mitsui Finance and Leasing Company, Limited |
Principal Joint Venture, Country of Incorporation | Japan |
Principal Joint Venture, Proportion of Ownership Interest | 50.00% |
Principal Joint Venture, Proportion of Voting Rights | 50.00% |
Principal Joint Venture, Main Business | Leasing |
Kansai Mirai Financial Group, Inc.[member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | Kansai Mirai Financial Group, Inc. |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 15.50% |
Principal Associates, Proportion of Voting Rights | 23.50% |
Principal Associates, Main Business | Bank holding company |
The Japan Net Bank, Limited [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | The Japan Net Bank, Limited |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 46.50% |
Principal Associates, Proportion of Voting Rights | 46.50% |
Principal Associates, Main Business | Internet banking |
The Bank of East Asia, Limited [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | The Bank of East Asia, Limited |
Principal Associates, Country of Incorporation | China |
Principal Associates, Proportion of Ownership Interest | 19.50% |
Principal Associates, Proportion of Voting Rights | 19.50% |
Principal Associates, Main Business | Commercial banking |
ACLEDA Bank Plc. [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | ACLEDA Bank Plc. |
Principal Associates, Country of Incorporation | Cambodia |
Principal Associates, Proportion of Ownership Interest | 18.20% |
Principal Associates, Proportion of Voting Rights | 18.20% |
Principal Associates, Main Business | Commercial banking |
Vietnam Export Import Commercial Joint Stock Bank [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | Vietnam Export Import Commercial Joint Stock Bank |
Principal Associates, Country of Incorporation | Vietnam |
Principal Associates, Proportion of Ownership Interest | 15.00% |
Principal Associates, Proportion of Voting Rights | 15.00% |
Principal Associates, Main Business | Commercial banking |
Sumitomo Mitsui Auto Service Company, Limited [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | Sumitomo Mitsui Auto Service Company, Limited |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 21.90% |
Principal Associates, Proportion of Voting Rights | 21.90% |
Principal Associates, Main Business | Leasing |
SMBC Aviation Capital Limited [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | SMBC Aviation Capital Limited |
Principal Associates, Country of Incorporation | Ireland |
Principal Associates, Proportion of Ownership Interest | 32.00% |
Principal Associates, Proportion of Voting Rights | 32.00% |
Principal Associates, Main Business | Leasing |
POCKET CARD CO., LTD. [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | POCKET CARD CO., LTD. |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 20.00% |
Principal Associates, Proportion of Voting Rights | 20.00% |
Principal Associates, Main Business | Credit card |
SAKURA KCS Corporation [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 29.70% |
Principal Associates, Proportion of Voting Rights | 29.70% |
Principal Associates, Main Business | System engineering and data processing |
JSOL Corporation [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | JSOL Corporation |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 50.00% |
Principal Associates, Proportion of Voting Rights | 50.00% |
Principal Associates, Main Business | System development and data processing |
Sakura Information Systems Co., Ltd. [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | Sakura Information Systems Co., Ltd. |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 49.00% |
Principal Associates, Proportion of Voting Rights | 49.00% |
Principal Associates, Main Business | System engineering and data processing |
Daiwa SB Investments Ltd. [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | Daiwa SB Investments Ltd. |
Principal Associates, Country of Incorporation | Japan |
Principal Associates, Proportion of Ownership Interest | 48.90% |
Principal Associates, Proportion of Voting Rights | 48.90% |
Principal Associates, Main Business | Investment advisory and investment trust management |
China Post & Capital Fund Management Co., Ltd. [member] | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Principal Associates, Company Name | China Post & Capital Fund Management Co., Ltd. |
Principal Associates, Country of Incorporation | China |
Principal Associates, Proportion of Ownership Interest | 23.60% |
Principal Associates, Proportion of Voting Rights | 23.60% |
Principal Associates, Main Business | Investment advisory and investment trust management |
Investments in Associates and_4
Investments in Associates and Joint Ventures - Summary of Investments in Associates and Joint Ventures (Parenthetical) (Detail) - Kansai Mirai Financial Group, Inc.[member] | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure of significant investments in associates and joint ventures [line items] | |
Percentage of interest in associate | 15.60% |
Option to acquire additional voting interests percentage | 7.90% |
Investments in Associates and_5
Investments in Associates and Joint Ventures - Financial Information of all Individually Immaterial Associates and Joint Ventures (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Apr. 01, 2018 | |
Investments in subsidiaries, joint ventures and associates [abstract] | ||||
Carrying amount of investments in associates and joint ventures | ¥ 1,038,823 | ¥ 730,414 | ¥ 730,414 | |
Profit from continuing operations | 40,157 | 49,323 | ¥ 29,318 | |
Other comprehensive income (loss) | (699) | 7,885 | ||
Total comprehensive income | ¥ 39,458 | ¥ 57,208 |
Property, Plant and Equipment -
Property, Plant and Equipment - Changes in Property, Plant and Equipment (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | ¥ 1,510,132 | ¥ 2,686,055 | |
Additions | 90,447 | 502,311 | |
Acquisition of subsidiaries and businesses | 14,048 | 304,257 | |
Disposals | (12,465) | (1,737,069) | |
Depreciation | (69,636) | (145,974) | |
Impairment losses | (5,906) | (27,816) | ¥ (6,396) |
Exchange differences | (9,076) | (66,830) | |
Others | (9,758) | (4,802) | |
Carrying amount, ending balance | 1,507,786 | 1,510,132 | 2,686,055 |
Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 2,243,156 | 3,824,680 | |
Carrying amount, ending balance | 2,280,011 | 2,243,156 | 3,824,680 |
Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | (733,024) | (1,138,625) | |
Carrying amount, ending balance | (772,225) | (733,024) | (1,138,625) |
Assets for rent [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 580,687 | 1,658,916 | |
Additions | 18,584 | 415,397 | |
Acquisition of subsidiaries and businesses | 304,233 | ||
Disposals | (6,009) | (1,640,222) | |
Depreciation | (18,597) | (91,906) | |
Exchange differences | (9,667) | (66,033) | |
Others | (537) | 302 | |
Carrying amount, ending balance | 564,461 | 580,687 | 1,658,916 |
Assets for rent [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 607,769 | 2,086,804 | |
Carrying amount, ending balance | 609,763 | 607,769 | 2,086,804 |
Assets for rent [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | (27,082) | (427,888) | |
Carrying amount, ending balance | (45,302) | (27,082) | (427,888) |
Land [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 459,567 | 514,492 | |
Additions | 355 | 44 | |
Acquisition of subsidiaries and businesses | 6,998 | ||
Disposals | (2,167) | (52,327) | |
Impairment losses | (774) | (2,446) | |
Exchange differences | 95 | (4) | |
Others | 23 | (192) | |
Carrying amount, ending balance | 464,097 | 459,567 | 514,492 |
Land [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 466,046 | 520,078 | |
Carrying amount, ending balance | 469,095 | 466,046 | 520,078 |
Land [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | (6,479) | (5,586) | |
Carrying amount, ending balance | (4,998) | (6,479) | (5,586) |
Buildings [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 331,997 | 370,807 | |
Additions | 30,998 | 30,144 | |
Acquisition of subsidiaries and businesses | 1,710 | ||
Disposals | (1,458) | (33,796) | |
Depreciation | (22,173) | (21,344) | |
Impairment losses | (4,936) | (25,203) | |
Exchange differences | 228 | (284) | |
Others | 2,134 | 11,673 | |
Carrying amount, ending balance | 338,500 | 331,997 | 370,807 |
Buildings [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 738,023 | 774,233 | |
Carrying amount, ending balance | 746,687 | 738,023 | 774,233 |
Buildings [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | (406,026) | (403,426) | |
Carrying amount, ending balance | (408,187) | (406,026) | (403,426) |
Leased assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 6,149 | 7,187 | |
Additions | 1,307 | 1,775 | |
Disposals | (216) | (660) | |
Depreciation | (1,683) | (2,061) | |
Impairment losses | (136) | ||
Exchange differences | (3) | ||
Others | 19,992 | 47 | |
Carrying amount, ending balance | 25,549 | 6,149 | 7,187 |
Leased assets [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 17,373 | 17,837 | |
Carrying amount, ending balance | 60,158 | 17,373 | 17,837 |
Leased assets [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | (11,224) | (10,650) | |
Carrying amount, ending balance | (34,609) | (11,224) | (10,650) |
Other tangible assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 131,732 | 134,653 | |
Additions | 39,203 | 54,951 | |
Acquisition of subsidiaries and businesses | 5,340 | 24 | |
Disposals | (2,615) | (10,064) | |
Depreciation | (27,183) | (30,663) | |
Impairment losses | (196) | (31) | |
Exchange differences | 268 | (506) | |
Others | (31,370) | (16,632) | |
Carrying amount, ending balance | 115,179 | 131,732 | 134,653 |
Other tangible assets [member] | Gross carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | 413,945 | 425,728 | |
Carrying amount, ending balance | 394,308 | 413,945 | 425,728 |
Other tangible assets [member] | Accumulated depreciation, amortisation and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Carrying amount, beginning balance | (282,213) | (291,075) | |
Carrying amount, ending balance | ¥ (279,129) | ¥ (282,213) | ¥ (291,075) |
Property, Plant and Equipment_2
Property, Plant and Equipment - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about property, plant and equipment [abstract] | ||
Contractual commitments to acquire property, plant and equipment | ¥ 62,027 | ¥ 2,626 |
Carrying amount of property, plant and equipment with restrictions on title | ¥ 25,549 | ¥ 6,149 |
Leases - Carrying Amount of Ass
Leases - Carrying Amount of Assets Held under Finance Leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Carrying amount of assets held under finance leases | ¥ 26,540 | ¥ 6,293 |
Land and buildings [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Carrying amount of assets held under finance leases | 2,520 | 2,837 |
Other tangible assets [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Carrying amount of assets held under finance leases | 23,029 | 3,312 |
Property, plant and equipment [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Carrying amount of assets held under finance leases | 25,549 | 6,149 |
Software [member] | ||
Disclosure of recognised finance lease as assets by lessee [line items] | ||
Carrying amount of assets held under finance leases | ¥ 991 | ¥ 144 |
Leases - Total of Future Minimu
Leases - Total of Future Minimum Lease Payments and Their Present Value Under Finance Leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments | ¥ 33,192 | ¥ 10,317 |
Less: Future interest charges | (2,813) | (1,151) |
Present value of finance lease commitments | 30,379 | 9,166 |
Not later than one year [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments | 8,478 | 2,567 |
Later than one year and not later than five years [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments | 19,392 | 4,664 |
Later than five years [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments | ¥ 5,322 | ¥ 3,086 |
Leases - Total Amounts of Futur
Leases - Total Amounts of Future Minimum Lease Payments Under Non-cancellable Operating Leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancellable operating leases | ¥ 320,331 | ¥ 293,046 |
Not later than one year [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancellable operating leases | 47,600 | 42,329 |
Later than one year and not later than five years [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancellable operating leases | 132,720 | 129,298 |
Later than five years [member] | ||
Disclosure of finance lease and operating lease by lessee [line items] | ||
Future minimum lease payments under non-cancellable operating leases | ¥ 140,011 | ¥ 121,419 |
Leases - Additional Information
Leases - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Operating lease and sublease expense | ¥ 52,465 | ¥ 50,561 | ¥ 49,047 |
Minimum lease payments expense | 52,155 | 50,058 | 48,527 |
Sublease payments expense | 310 | 503 | ¥ 520 |
IFRS 9 [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Accumulated allowance for uncollectible minimum lease payments receivable | ¥ 1,342 | ||
IAS 39 [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Accumulated allowance for uncollectible minimum lease payments receivable | ¥ 1,828 |
Leases - Gross Investment in Le
Leases - Gross Investment in Lease, Unearned Finance Income, Present Value of Minimum Lease Payments Receivable and Unguaranteed Residual Values Under Finance Leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | ¥ 337,594 | ¥ 356,273 |
Unearned finance income | 49,968 | 54,790 |
Present value of the minimum lease payments receivable | 287,626 | 301,483 |
Unguaranteed residual values | 66,362 | 70,806 |
Not later than one year [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | 65,963 | 54,501 |
Unearned finance income | 13,053 | 13,470 |
Present value of the minimum lease payments receivable | 52,910 | 41,031 |
Unguaranteed residual values | 14,894 | 6,483 |
Later than one year and not later than five years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | 214,042 | 227,793 |
Unearned finance income | 26,713 | 29,746 |
Present value of the minimum lease payments receivable | 187,329 | 198,047 |
Unguaranteed residual values | 27,186 | 43,206 |
Later than five years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Gross investment in the lease | 57,589 | 73,979 |
Unearned finance income | 10,202 | 11,574 |
Present value of the minimum lease payments receivable | 47,387 | 62,405 |
Unguaranteed residual values | ¥ 24,282 | ¥ 21,117 |
Leases - Total Amounts of Fut_2
Leases - Total Amounts of Future Minimum Lease Payments Receivable Under Non-cancellable Operating Leases (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments receivable under non-cancellable operating leases | ¥ 121,179 | ¥ 127,742 |
Not later than one year [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments receivable under non-cancellable operating leases | 35,937 | 38,072 |
Later than one year and not later than five years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments receivable under non-cancellable operating leases | 67,235 | 70,813 |
Later than five years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Future minimum lease payments receivable under non-cancellable operating leases | ¥ 18,007 | ¥ 18,857 |
Intangible Assets - Changes in
Intangible Assets - Changes in Goodwill by Business Segment (Detail) - JPY (¥) ¥ in Millions | Jan. 30, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | ¥ 273,725 | ¥ 426,455 | ||
Acquisitions | 4,707 | |||
Disposals | (11,197) | |||
Impairment losses | (62,624) | (28,607) | ¥ (74,616) | |
Reclassification to assets held for sale | (112,337) | |||
Exchange differences | (589) | |||
Carrying amount, ending balance | 215,808 | 273,725 | 426,455 | |
Gross carrying amount [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 390,097 | 514,220 | ||
Carrying amount, ending balance | 394,804 | 390,097 | 514,220 | |
Accumulated impairment [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | (116,372) | (87,765) | ||
Carrying amount, ending balance | (178,996) | (116,372) | (87,765) | |
Wholesale Business Unit [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 2,417 | |||
Impairment losses | (956) | |||
Reclassification to assets held for sale | (1,461) | |||
Carrying amount, ending balance | 2,417 | |||
Wholesale Business Unit [member] | Gross carrying amount [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 956 | 2,417 | ||
Carrying amount, ending balance | 956 | 956 | 2,417 | |
Wholesale Business Unit [member] | Accumulated impairment [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | (956) | |||
Carrying amount, ending balance | (956) | (956) | ||
Retail Business Unit [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 63,418 | 63,418 | ||
Carrying amount, ending balance | 63,418 | 63,418 | 63,418 | |
Retail Business Unit [member] | Gross carrying amount [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 63,418 | 63,418 | ||
Carrying amount, ending balance | 63,418 | 63,418 | 63,418 | |
International Business Unit [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 13,047 | |||
Acquisitions | ¥ 4,707 | 4,707 | ||
Impairment losses | (4,292) | |||
Reclassification to assets held for sale | (8,166) | |||
Exchange differences | (589) | |||
Carrying amount, ending balance | 4,707 | 13,047 | ||
International Business Unit [member] | Gross carrying amount [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 4,292 | 13,047 | ||
Carrying amount, ending balance | 8,999 | 4,292 | 13,047 | |
International Business Unit [member] | Accumulated impairment [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | (4,292) | |||
Carrying amount, ending balance | (4,292) | (4,292) | ||
Head Office Account and Others [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 210,307 | 347,573 | ||
Disposals | (11,197) | |||
Impairment losses | (62,624) | (23,359) | ||
Reclassification to assets held for sale | (102,710) | |||
Carrying amount, ending balance | 147,683 | 210,307 | 347,573 | |
Head Office Account and Others [member] | Gross carrying amount [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | 321,431 | 435,338 | ||
Carrying amount, ending balance | 321,431 | 321,431 | 435,338 | |
Head Office Account and Others [member] | Accumulated impairment [member] | ||||
Disclosure of reconciliation of changes in goodwill [line items] | ||||
Carrying amount, beginning balance | (111,124) | (87,765) | ||
Carrying amount, ending balance | ¥ (173,748) | ¥ (111,124) | ¥ (87,765) |
Intangible Assets - Changes i_2
Intangible Assets - Changes in Goodwill by Business Segment (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Jan. 30, 2019 | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of reconciliation of changes in goodwill [line items] | |||
Reclassification of goodwill | ¥ 112,337 | ||
Goodwill | ¥ 4,707 | ||
International Business Unit [member] | |||
Disclosure of reconciliation of changes in goodwill [line items] | |||
Reclassification of goodwill | ¥ 8,166 | ||
Goodwill | ¥ 4,707 | ¥ 4,707 |
Intangible Assets - Additional
Intangible Assets - Additional Information (Detail) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019JPY (¥)SegmentsSegment | Mar. 31, 2018JPY (¥) | Mar. 31, 2017JPY (¥) | |
Disclosure of detailed information about intangible assets [line items] | |||
Number of main business segments | Segments | 4 | ||
Goodwill | ¥ 215,808 | ¥ 273,725 | ¥ 426,455 |
Impairment loss | 62,624 | 28,607 | 74,616 |
Contractual commitments to acquire intangible assets | 383 | ||
Research and development expenditure recognized | 167 | 84 | 89 |
Leasehold rights [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Other intangibles | 5,517 | 5,436 | |
Securities [member] | SMBC Trust Bank Ltd. [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Impairment loss | 23,359 | ||
Securities [member] | SMBC Nikko Securities Inc. [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Impairment loss | ¥ 62,624 | ||
Wholesale Business Unit [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of main business segments | Segment | 4 | ||
Goodwill | 2,417 | ||
Impairment loss | 956 | ||
Retail Business Segment [member] | SMBC Consumer Finance Co., Ltd [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | ¥ 56,692 | 56,692 | |
Head Office Account and Others [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | 147,683 | 210,307 | ¥ 347,573 |
Impairment loss | 62,624 | 23,359 | |
Head Office Account and Others [member] | SMBC Nikko Securities Inc. [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | 109,629 | 172,253 | |
Head Office Account and Others [member] | Sumitomo mitsui asset management company, limited [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | 38,053 | 38,053 | |
Aggregated individually immaterial business combinations [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Goodwill | ¥ 11,434 | ¥ 6,727 |
Intangible Assets - Key Assumpt
Intangible Assets - Key Assumptions Used in Impairment Testing (Detail) | Mar. 31, 2019 | Mar. 31, 2018 |
SMBC Trust Bank Ltd. [member] | Corporate business [member] | ||
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Pre-tax discount rate | 12.61% | |
Growth rate | 1.00% | |
SMBC Trust Bank Ltd. [member] | Retail banking [member] | ||
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Pre-tax discount rate | 9.91% | |
Growth rate | 1.00% | |
SMBC Nikko Securities Inc. [member] | ||
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Pre-tax discount rate | 8.90% | 11.42% |
Growth rate | 1.00% | 1.00% |
SMBC Consumer Finance Co., Ltd [member] | ||
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Pre-tax discount rate | 11.37% | 11.20% |
Growth rate | 1.00% | 1.00% |
Sumitomo mitsui asset management company, limited [member] | ||
Disclosure of impairment loss and reversal of impairment loss [line items] | ||
Pre-tax discount rate | 8.95% | 9.01% |
Growth rate | 1.00% | 1.00% |
Intangible Assets - Changes i_3
Intangible Assets - Changes in Other Intangible Assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | ¥ 562,177 | ¥ 670,113 |
Additions | 136,154 | 136,170 |
Acquisition of subsidiaries and businesses | 57,427 | 222 |
Disposals | (5,197) | (80,179) |
Amortization | (149,279) | (157,425) |
Impairment losses | (4,041) | (7,059) |
Exchange differences | 597 | (618) |
Others | 8,139 | 953 |
Carrying amount ending balance | 605,977 | 562,177 |
Gross carrying amount [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 1,264,315 | 1,380,574 |
Carrying amount ending balance | 1,384,834 | 1,264,315 |
Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | (702,138) | (710,461) |
Carrying amount ending balance | (778,857) | (702,138) |
Software [member] | Internally generated [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 293,517 | 292,137 |
Additions | 93,834 | 93,977 |
Acquisition of subsidiaries and businesses | 3,705 | |
Disposals | (3,020) | (8,420) |
Amortization | (88,322) | (84,662) |
Exchange differences | 53 | 142 |
Others | 2,314 | 343 |
Carrying amount ending balance | 302,081 | 293,517 |
Software [member] | Internally generated [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 650,632 | 648,463 |
Carrying amount ending balance | 697,480 | 650,632 |
Software [member] | Internally generated [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | (357,115) | (356,326) |
Carrying amount ending balance | (395,399) | (357,115) |
Software [member] | Purchased [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 125,565 | 139,697 |
Additions | 38,518 | 40,024 |
Acquisition of subsidiaries and businesses | 252 | 222 |
Disposals | (1,637) | (11,928) |
Amortization | (41,798) | (43,818) |
Exchange differences | 522 | (731) |
Others | 7,632 | 2,099 |
Carrying amount ending balance | 129,054 | 125,565 |
Software [member] | Purchased [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 340,593 | 372,531 |
Carrying amount ending balance | 358,130 | 340,593 |
Software [member] | Purchased [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | (215,028) | (232,834) |
Carrying amount ending balance | (229,076) | (215,028) |
Contractual customer relationships [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 90,455 | 170,464 |
Acquisition of subsidiaries and businesses | 12,845 | |
Disposals | (57,987) | |
Amortization | (11,226) | (20,192) |
Impairment losses | (1,830) | |
Carrying amount ending balance | 92,074 | 90,455 |
Contractual customer relationships [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 172,950 | 248,977 |
Carrying amount ending balance | 185,795 | 172,950 |
Contractual customer relationships [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | (82,495) | (78,513) |
Carrying amount ending balance | (93,721) | (82,495) |
Trademarks [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 11,573 | 15,853 |
Acquisition of subsidiaries and businesses | 9,706 | |
Amortization | (4,401) | (4,280) |
Impairment losses | (4,020) | |
Carrying amount ending balance | 12,858 | 11,573 |
Trademarks [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 46,116 | 46,116 |
Carrying amount ending balance | 55,822 | 46,116 |
Trademarks [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | (34,543) | (30,263) |
Carrying amount ending balance | (42,964) | (34,543) |
Other intangibles [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 41,067 | 51,962 |
Additions | 3,802 | 2,169 |
Acquisition of subsidiaries and businesses | 30,919 | |
Disposals | (540) | (1,844) |
Amortization | (3,532) | (4,473) |
Impairment losses | (21) | (5,229) |
Exchange differences | 22 | (29) |
Others | (1,807) | (1,489) |
Carrying amount ending balance | 69,910 | 41,067 |
Other intangibles [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | 54,024 | 64,487 |
Carrying amount ending balance | 87,607 | 54,024 |
Other intangibles [member] | Accumulated depreciation, amortisation and impairment [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Carrying amount beginning balance | (12,957) | (12,525) |
Carrying amount ending balance | ¥ (17,697) | ¥ (12,957) |
Other Assets - Summary of Other
Other Assets - Summary of Other Assets (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Miscellaneous assets [abstract] | |||
Prepaid expenses | ¥ 78,475 | ¥ 49,300 | |
Accrued income | 385,051 | 416,210 | |
Receivables from brokers, dealers and customers for securities transactions | 1,159,479 | 1,175,495 | |
Cash collateral provided for derivative and other financial transactions | 1,537,672 | 1,560,972 | |
Retirement benefit assets | 268,483 | 316,455 | |
Security deposits | 92,867 | 99,247 | |
Others | 557,787 | 426,229 | |
Total other assets | ¥ 4,079,814 | ¥ 3,958,897 | ¥ 4,043,908 |
Deposits - Summary of Deposits
Deposits - Summary of Deposits (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Deposits from customers [abstract] | |||
Non-interest-bearing demand deposits | ¥ 22,594,227 | ¥ 21,611,514 | |
Interest-bearing demand deposits | 56,205,396 | 52,154,265 | |
Deposits at notice | 11,169,956 | 10,355,664 | |
Time deposits | 25,760,889 | 25,655,132 | |
Negotiable certificates of deposit | 11,165,487 | 11,220,285 | |
Others | 7,508,697 | 7,464,667 | |
Total deposits | ¥ 134,404,652 | ¥ 128,461,527 | ¥ 128,461,527 |
Trading Liabilities - Summary o
Trading Liabilities - Summary of Trading Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of financial liabilities [line items] | |||
Trading liabilities | ¥ 1,998,694 | ¥ 2,143,899 | ¥ 2,143,899 |
Debt instruments [member] | |||
Disclosure of financial liabilities [line items] | |||
Trading liabilities | 1,835,860 | 2,008,711 | |
Equity instruments [member] | |||
Disclosure of financial liabilities [line items] | |||
Trading liabilities | ¥ 162,834 | ¥ 135,188 |
Borrowings - Short-term Borrowi
Borrowings - Short-term Borrowings and Long-term Borrowings (with Original Maturities of More Than One Year) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | ¥ 12,167,858 | ¥ 10,652,481 | ¥ 10,652,481 |
Liabilities associated with securitization transactions [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | 1,231,447 | 1,204,722 | |
Lease obligations [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | 30,379 | 9,166 | |
Subordinated borrowings [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | 273,819 | 279,749 | |
Unsubordinated borrowings [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | ¥ 10,632,213 | ¥ 9,158,844 |
Debt Securities in Issue - Summ
Debt Securities in Issue - Summary of Debt Securities in Issue (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | |
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 11,171,209 | ¥ 10,569,117 | ¥ 10,569,117 |
Sumitomo mitsui banking corporation [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 4,540,733 | 4,716,206 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Great Britain pound | ||
Debt securities in issue, Maturity year | 2020 | ||
Debt securities in issue, Interest rate | 1.19% | ||
Debt securities in issue | ¥ 36,258 | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | United States dollars | ||
Debt securities in issue | ¥ 1,660,610 | 2,072,295 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Euros | ||
Debt securities in issue | ¥ 429,544 | 260,236 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Australian dollars | ||
Debt securities in issue | ¥ 40,913 | 63,572 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | Hong Kong, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Hong Kong dollars | ||
Debt securities in issue | ¥ 33,427 | 32,009 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Japanese yen | ||
Debt securities in issue | ¥ 50,000 | 99,000 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | Thailand, Baht [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Thai baht | ||
Debt securities in issue | ¥ 33,155 | 25,575 | |
Sumitomo mitsui banking corporation [member] | Bonds [member] | Minimum [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2018 | ||
Debt securities in issue, Interest rate | 1.67% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Minimum [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2020 | ||
Debt securities in issue, Interest rate | 0.19% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Minimum [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2018 | ||
Debt securities in issue, Interest rate | 2.90% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Minimum [member] | Hong Kong, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2020 | ||
Debt securities in issue, Interest rate | 2.09% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Minimum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2018 | ||
Debt securities in issue, Interest rate | 0.25% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Minimum [member] | Thailand, Baht [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2019 | ||
Debt securities in issue, Interest rate | 2.00% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Maximum [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2045 | ||
Debt securities in issue, Interest rate | 4.30% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Maximum [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2023 | ||
Debt securities in issue, Interest rate | 2.75% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Maximum [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2025 | ||
Debt securities in issue, Interest rate | 4.13% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Maximum [member] | Hong Kong, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2025 | ||
Debt securities in issue, Interest rate | 2.92% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Maximum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2019 | ||
Debt securities in issue, Interest rate | 0.33% | ||
Sumitomo mitsui banking corporation [member] | Bonds [member] | Maximum [member] | Thailand, Baht [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2021 | ||
Debt securities in issue, Interest rate | 2.66% | ||
Sumitomo mitsui banking corporation [member] | Subordinated bonds [Member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | United States dollars | ||
Debt securities in issue, Maturity year | 2022 | ||
Debt securities in issue, Interest rate | 4.85% | ||
Debt securities in issue | ¥ 166,090 | 158,912 | |
Sumitomo mitsui banking corporation [member] | Subordinated bonds [Member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Euros | ||
Debt securities in issue, Maturity year | 2020 | ||
Debt securities in issue, Interest rate | 4.00% | ||
Debt securities in issue | ¥ 93,147 | 97,648 | |
Sumitomo mitsui banking corporation [member] | Subordinated bonds [Member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Japanese yen | ||
Debt securities in issue | ¥ 362,777 | 385,522 | |
Sumitomo mitsui banking corporation [member] | Subordinated bonds [Member] | Minimum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2019 | ||
Debt securities in issue, Interest rate | 1.43% | ||
Sumitomo mitsui banking corporation [member] | Subordinated bonds [Member] | Maximum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2026 | ||
Debt securities in issue, Interest rate | 2.80% | ||
Sumitomo mitsui banking corporation [member] | Commercial paper [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 1,634,812 | 1,521,437 | |
Sumitomo mitsui banking corporation [member] | Commercial paper [member] | Minimum [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Interest rate | (0.50%) | ||
Sumitomo mitsui banking corporation [member] | Commercial paper [member] | Maximum [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Interest rate | 2.86% | ||
Other subsidiaries [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 1,732,336 | 1,636,619 | |
Other subsidiaries [member] | Bonds [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | United States dollars | ||
Debt securities in issue | ¥ 48,143 | 24,599 | |
Other subsidiaries [member] | Bonds [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Euros | ||
Debt securities in issue, Maturity year | 2023 | ||
Debt securities in issue | ¥ 124,451 | ||
Other subsidiaries [member] | Bonds [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Australian dollars | ||
Debt securities in issue | ¥ 2,075 | 1,896 | |
Other subsidiaries [member] | Bonds [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Japanese yen | ||
Debt securities in issue | ¥ 702,312 | 616,267 | |
Other subsidiaries [member] | Bonds [member] | Indonesia, Rupiahs [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Indonesian rupiah | ||
Debt securities in issue | ¥ 19,487 | 19,081 | |
Other subsidiaries [member] | Bonds [member] | Turkish Lira [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Turkish lira | ||
Debt securities in issue | ¥ 5,165 | 3,568 | |
Other subsidiaries [member] | Bonds [member] | Minimum [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2018 | ||
Debt securities in issue, Interest rate | 0.01% | ||
Other subsidiaries [member] | Bonds [member] | Minimum [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Interest rate | 0.10% | ||
Other subsidiaries [member] | Bonds [member] | Minimum [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2019 | ||
Debt securities in issue, Interest rate | 0.01% | ||
Other subsidiaries [member] | Bonds [member] | Minimum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2018 | ||
Debt securities in issue, Interest rate | 0.01% | ||
Other subsidiaries [member] | Bonds [member] | Minimum [member] | Indonesia, Rupiahs [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2018 | ||
Debt securities in issue, Interest rate | 7.50% | ||
Other subsidiaries [member] | Bonds [member] | Minimum [member] | Turkish Lira [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2019 | ||
Debt securities in issue, Interest rate | 0.01% | ||
Other subsidiaries [member] | Bonds [member] | Maximum [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2037 | ||
Debt securities in issue, Interest rate | 4.45% | ||
Other subsidiaries [member] | Bonds [member] | Maximum [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Interest rate | 0.55% | ||
Other subsidiaries [member] | Bonds [member] | Maximum [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2031 | ||
Debt securities in issue, Interest rate | 3.00% | ||
Other subsidiaries [member] | Bonds [member] | Maximum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2049 | ||
Debt securities in issue, Interest rate | 21.00% | ||
Other subsidiaries [member] | Bonds [member] | Maximum [member] | Indonesia, Rupiahs [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2020 | ||
Debt securities in issue, Interest rate | 9.85% | ||
Other subsidiaries [member] | Bonds [member] | Maximum [member] | Turkish Lira [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2023 | ||
Debt securities in issue, Interest rate | 15.00% | ||
Other subsidiaries [member] | Subordinated bonds [Member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Japanese yen | ||
Debt securities in issue | ¥ 25,000 | 25,000 | |
Other subsidiaries [member] | Subordinated bonds [Member] | Minimum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2019 | ||
Debt securities in issue, Interest rate | 4.00% | ||
Other subsidiaries [member] | Subordinated bonds [Member] | Maximum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2028 | ||
Debt securities in issue, Interest rate | 4.15% | ||
Other subsidiaries [member] | Commercial paper [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 805,703 | 946,208 | |
Other subsidiaries [member] | Commercial paper [member] | Minimum [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Interest rate | 0.00% | ||
Other subsidiaries [member] | Commercial paper [member] | Maximum [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Interest rate | 2.80% | ||
SMFG [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 4,898,140 | 4,216,292 | |
SMFG [member] | Bonds [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 3,962,000 | 3,285,000 | |
SMFG [member] | Bonds [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | United States dollars | ||
Debt securities in issue | ¥ 3,209,483 | 2,583,513 | |
SMFG [member] | Bonds [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Euros | ||
Debt securities in issue | ¥ 553,053 | 509,987 | |
SMFG [member] | Bonds [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Australian dollars | ||
Debt securities in issue | ¥ 183,049 | 179,367 | |
SMFG [member] | Bonds [member] | Hong Kong, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Hong Kong dollars | ||
Debt securities in issue, Maturity year | 2028 | ||
Debt securities in issue, Interest rate | 3.54% | ||
Debt securities in issue | ¥ 4,242 | ||
SMFG [member] | Bonds [member] | Minimum [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2021 | ||
Debt securities in issue, Interest rate | 2.06% | ||
SMFG [member] | Bonds [member] | Minimum [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2022 | ||
Debt securities in issue, Interest rate | 0.12% | ||
SMFG [member] | Bonds [member] | Minimum [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2022 | ||
Debt securities in issue, Interest rate | 3.04% | ||
SMFG [member] | Bonds [member] | Maximum [member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2048 | ||
Debt securities in issue, Interest rate | 4.31% | ||
SMFG [member] | Bonds [member] | Maximum [member] | Euro [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2033 | ||
Debt securities in issue, Interest rate | 1.72% | ||
SMFG [member] | Bonds [member] | Maximum [member] | Australia, Dollars [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2028 | ||
Debt securities in issue, Interest rate | 4.13% | ||
SMFG [member] | Subordinated bonds [Member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 954,000 | 945,000 | |
SMFG [member] | Subordinated bonds [Member] | U.S. Dollar [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | United States dollars | ||
Debt securities in issue, Maturity year | 2024 | ||
Debt securities in issue, Interest rate | 4.44% | ||
Debt securities in issue | ¥ 191,741 | 185,426 | |
SMFG [member] | Subordinated bonds [Member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Currency payable in | Japanese yen | ||
Debt securities in issue | ¥ 756,572 | 757,999 | |
SMFG [member] | Subordinated bonds [Member] | Minimum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2024 | ||
Debt securities in issue, Interest rate | 0.30% | ||
SMFG [member] | Subordinated bonds [Member] | Maximum [member] | Japanese Yen [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue, Maturity year | 2030 | ||
Debt securities in issue, Interest rate | 1.33% | ||
SMFG [member] | Other subsidiaries [member] | |||
Debt securities in issue [line items] | |||
Debt securities in issue | ¥ 284,297 | ¥ 280,880 |
Debt Securities in Issue - Su_2
Debt Securities in Issue - Summary of Movement in Subordinated Bonds (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Debt Securities In Issue [abstract] | |||
Subordinated bonds at beginning of period | ¥ 1,610,507 | ¥ 1,707,025 | |
Cash flows: | |||
Proceeds from issuance of subordinated bonds | 104,866 | ¥ 244,315 | |
Redemption of subordinated bonds | (26,721) | (180,034) | (371,640) |
Non-cash changes: | |||
Foreign exchange translations | 10,803 | (11,138) | |
Others | 738 | (10,212) | |
Subordinated bonds at end of period | ¥ 1,595,327 | ¥ 1,610,507 | ¥ 1,707,025 |
Provisions - Movements by Class
Provisions - Movements by Class of Provisions (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of other provisions [line items] | ||
Beginning balance | ¥ 188,267 | ¥ 194,700 |
Additional provisions | 79,037 | |
Amounts used | (76,863) | |
Unused amounts reversed | (3,726) | |
Amortization of discount and effect of change in discount rate | 67 | |
Others | (4,948) | |
Ending balance | 194,818 | 188,267 |
IFRS 9 [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 213,250 | |
Additional provisions | 54,040 | |
Amounts used | (62,639) | |
Unused amounts reversed | (10,383) | |
Amortization of discount and effect of change in discount rate | 557 | |
Others | (7) | |
Ending balance | 194,818 | 213,250 |
Provision for interest repayment [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 145,179 | 157,333 |
Additional provisions | 50,500 | |
Amounts used | (61,961) | |
Unused amounts reversed | (479) | |
Amortization of discount and effect of change in discount rate | (142) | |
Others | (72) | |
Ending balance | 148,409 | 145,179 |
Provision for interest repayment [member] | IFRS 9 [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 145,179 | |
Additional provisions | 47,000 | |
Amounts used | (44,063) | |
Unused amounts reversed | (106) | |
Amortization of discount and effect of change in discount rate | 399 | |
Ending balance | 148,409 | 145,179 |
Other provisions [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 43,088 | 37,367 |
Additional provisions | 28,537 | |
Amounts used | (14,902) | |
Unused amounts reversed | (3,247) | |
Amortization of discount and effect of change in discount rate | 209 | |
Others | (4,876) | |
Ending balance | 43,088 | |
Other provisions [member] | IFRS 9 [member] | ||
Disclosure of other provisions [line items] | ||
Beginning balance | 68,071 | |
Additional provisions | 7,040 | |
Amounts used | (18,576) | |
Unused amounts reversed | (10,277) | |
Amortization of discount and effect of change in discount rate | 158 | |
Others | (7) | |
Ending balance | ¥ 46,409 | ¥ 68,071 |
Provisions - Additional Informa
Provisions - Additional Information (Detail) - Claims Claims in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of other provisions [line items] | |||
Historical number of customer claims for refund of gray zone interest | 84 | 94 | 127 |
Interest Rate Restriction Act [member] | Minimum [member] | |||
Disclosure of other provisions [line items] | |||
Interest rates on loans | 15.00% | ||
Interest Rate Restriction Act [member] | Maximum [member] | |||
Disclosure of other provisions [line items] | |||
Interest rates on loans | 20.00% | ||
Act regulating the receipt of contributions, receipt of deposits and interest rates [member] | Maximum [member] | |||
Disclosure of other provisions [line items] | |||
Interest rates on loans | 29.20% |
Other Liabilities - Summary of
Other Liabilities - Summary of Other Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Miscellaneous liabilities [abstract] | |||
Accrued expenses | ¥ 360,258 | ¥ 313,226 | |
Unearned income | 129,414 | 133,478 | |
Financial guarantees and other credit-related contingent liabilities | 43,117 | 119,170 | |
Due to trust account | 1,228,223 | 1,328,271 | |
Payables to brokers, dealers and customers for securities transactions | 828,758 | 1,737,919 | |
Payables related to credit card services | 703,845 | 640,487 | |
Obligations from factoring transactions | 587,960 | 566,284 | |
Retirement benefit liabilities | 36,027 | 36,888 | |
Guarantee deposits received | 497,379 | 701,177 | |
Others | 1,716,758 | 1,305,840 | |
Total other liabilities | ¥ 6,131,739 | ¥ 6,799,291 | ¥ 6,882,740 |
Deferred Income Tax - Changes o
Deferred Income Tax - Changes of Net Deferred Tax Assets and Liabilities (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Changes in Deferred Tax Assets and Liabilities [Line Items] | |||
At beginning of period | ¥ (378,305) | ¥ (238,240) | |
Deferred tax benefit (expense) | (10,623) | (1,036) | ¥ 120,468 |
Deferred tax relating to other comprehensive income: | |||
Remeasurements of defined benefit plans reserve | (22,492) | ||
Available-for-sale financial asset reserve | (99,383) | ||
Exchange differences on translating foreign operations reserve | 3,137 | ||
Acquisition and disposal of subsidiaries and businesses | (17,196) | ||
Reclassification to assets held for sale | (5,540) | ||
Exchange differences and others | 2,445 | ||
At end of period | (230,292) | (378,305) | ¥ (238,240) |
IFRS 9 [member] | |||
Changes in Deferred Tax Assets and Liabilities [Line Items] | |||
At beginning of period | (321,493) | ||
Deferred tax benefit (expense) | (10,623) | ||
Deferred tax relating to other comprehensive income: | |||
Remeasurements of defined benefit plans reserve | 12,407 | ||
Financial instruments at fair value through other comprehensive income reserve | 108,090 | ||
Exchange differences on translating foreign operations reserve | 474 | ||
Acquisition and disposal of subsidiaries and businesses | (16,391) | ||
Exchange differences and others | (2,756) | ||
At end of period | ¥ (230,292) | ¥ (321,493) |
Deferred Income Tax - Changes_2
Deferred Income Tax - Changes of Net Deferred Tax Assets and Liabilities (Parenthetical) (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2018JPY (¥) | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Reclassification of net deferred tax assets | ¥ 5,540 |
Deferred Income Tax - Deferred
Deferred Income Tax - Deferred Tax Assets and Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | ¥ 37,073 | ¥ 19,192 | ¥ 19,436 | |
Net deferred tax liabilities | (230,292) | (378,305) | ¥ (238,240) | |
Deferred tax liabilities | 267,365 | ¥ 340,685 | 397,741 | |
Gross carrying amount [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 541,036 | 490,657 | ||
Deferred tax liabilities | 771,328 | 868,962 | ||
Gross carrying amount [member] | Loans and advances [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 286,752 | 206,928 | ||
Gross carrying amount [member] | Tax losses carried forward [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 44,518 | 24,082 | ||
Gross carrying amount [member] | Derivatives [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 48,821 | 59,530 | ||
Gross carrying amount [member] | Provision for interest repayment [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 37,845 | 36,779 | ||
Gross carrying amount [member] | Retirement benefits [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 10,254 | 9,204 | ||
Deferred tax liabilities | 3,224 | 19,484 | ||
Gross carrying amount [member] | Investment securities [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 754 | 1,243 | ||
Deferred tax liabilities | 572,369 | 680,425 | ||
Gross carrying amount [member] | Goodwill and intangible assets [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax liabilities | 71,265 | 81,076 | ||
Gross carrying amount [member] | Property, plant and equipment [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax liabilities | 57,607 | 28,786 | ||
Gross carrying amount [member] | Lease transactions [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax liabilities | 10,381 | 10,866 | ||
Gross carrying amount [member] | Other temporary differences-net [member] | ||||
Deferred tax assets and liabilities [Line Items] | ||||
Deferred tax assets | 112,092 | 152,891 | ||
Deferred tax liabilities | ¥ 56,482 | ¥ 48,325 |
Deferred Income Tax - Additiona
Deferred Income Tax - Additional Information (Detail) - JPY (¥) ¥ in Billions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of income tax expense [Line Items] | |||
Effective statutory tax rate | 30.60% | 30.90% | 30.90% |
Deferred tax assets for deductible temporary differences related to investments in subsidiaries, associates and joint ventures | ¥ 810 | ¥ 818 | |
Temporary differences associated with investments in subsidiaries, associates and joint ventures for which deferred tax liabilities had not been recognized | ¥ 2,334 | ¥ 2,041 | |
Government of Japan promulgated an amendment to the Corporation Tax Act and the Local Tax Act on March 31, 2016 [Member] | |||
Disclosure of income tax expense [Line Items] | |||
Reduction in national corporation tax rate | 0.20% | 0.50% | |
Reduction in enterprise tax rate | 1.20% | ||
Effective statutory tax rate | 30.60% | 30.90% | 32.30% |
Deferred Income Tax - Amounts o
Deferred Income Tax - Amounts of Deductible Temporary Differences and Tax Losses Carried Forward by Expiration Date (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Deductible temporary differences | ¥ 414,953 | ¥ 445,649 |
Total deductible temporary differences and tax losses carried forward | 1,232,692 | 1,523,348 |
Tax losses carried forward which will expire in 1 year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 153,865 | 224,298 |
Tax losses carried forward which will expire in 2 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 250,892 | 209,109 |
Tax losses carried forward which will expire in 3 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 63,571 | 252,812 |
Tax losses carried forward which will expire in 4 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 56,043 | 70,222 |
Tax losses carried forward which will expire in 5 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 47,562 | 140,879 |
Tax losses carried forward which will expire in 6 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 26,276 | 59,791 |
Tax losses carried forward which will expire in 7 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 13,231 | 44,575 |
Tax losses carried forward which will expire in 8 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 60,093 | 16,279 |
Tax losses carried forward which will expire in 9 years [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | 59,367 | |
Tax losses carried forward which will expire in 10 years and thereafter [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits which no deferred tax assets were recognized [line items] | ||
Tax losses carried forward | ¥ 146,206 | ¥ 367 |
Deferred Income Tax - Amounts_2
Deferred Income Tax - Amounts of Deductible Temporary Differences and Tax Losses Carried Forward by Expiration Date (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | ||
Deductible temporary differences and tax losses carried forward for which deferred tax assets are recognized | ¥ 405,615 | ¥ 421,319 |
Deferred Income Tax - Deferre_2
Deferred Income Tax - Deferred Tax Expense (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | ¥ (10,623) | ¥ (1,036) | ¥ 120,468 |
Investment securities [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | 25,226 | (34,881) | |
Derivatives [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | (10,110) | 9,296 | |
Goodwill and intangible assets [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | 22,451 | 7,809 | |
Loans and advances [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | (7,956) | 6,092 | |
Lease transactions [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | 278 | 5,223 | |
Provision for interest repayment [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | 1,066 | (3,840) | |
Tax losses carried forward [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | 21,016 | (3,448) | |
Retirement benefits [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | 5,102 | (2,604) | |
Property, plant and equipment [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | (28,338) | (1,137) | |
Other temporary differences-net [member] | |||
Disclosure of deferred tax expense attributable to the temporary differences and tax losses carried forward [Line Items] | |||
Deferred tax benefit (expense) | ¥ (39,358) | ¥ 16,454 |
Retirement Benefits - Detailed
Retirement Benefits - Detailed Information for the Defined Benefit Plans (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of net defined benefit liability (asset) [Line Items] | ||
Fair value of plan assets | ¥ 1,420,639 | ¥ 1,453,238 |
Net retirement benefit assets (liabilities) | 232,456 | 279,567 |
Of which retirement benefit liabilities included in "Other liabilities" | (36,027) | (36,888) |
Of which retirement benefit assets included in "Other assets" | 268,483 | 316,455 |
Present value of unfunded obligations [member] | ||
Disclosure of net defined benefit liability (asset) [Line Items] | ||
Present value of obligations | (30,237) | (30,082) |
Present value of funded obligations [member] | ||
Disclosure of net defined benefit liability (asset) [Line Items] | ||
Present value of obligations | ¥ (1,157,946) | ¥ (1,143,589) |
Retirement Benefits - Movements
Retirement Benefits - Movements in Defined Benefit Obligation (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Current service cost | ¥ 38,540 | ¥ 40,387 | ¥ 40,030 |
Interest cost | (1,797) | (1,453) | (1,153) |
Past service cost | 108 | (44) | (3) |
Present value of defined benefit obligation [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
At beginning of period | 1,173,671 | 1,239,784 | |
Current service cost | 38,540 | 40,387 | |
Interest cost | 8,008 | 8,637 | |
Actuarial losses (gains)-demographic assumptions | (394) | 15,485 | |
Actuarial losses -financial assumptions | 23,197 | 5,896 | |
Actuarial losses-experience | 2,652 | 2,519 | |
Benefits paid | (42,495) | (44,433) | |
Lump-sum payments | (13,605) | (24,109) | |
Past service cost | 108 | (44) | |
Acquisition of subsidiaries and businesses | 5,186 | ||
Others | (6,685) | (70,451) | |
At end of period | ¥ 1,188,183 | ¥ 1,173,671 | ¥ 1,239,784 |
Retirement Benefits - Movemen_2
Retirement Benefits - Movements in Fair Value of the Plan Assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [Line Items] | |||
Interest income | ¥ 1,797 | ¥ 1,453 | ¥ 1,153 |
Plan assets [member] | |||
Disclosure of net defined benefit liability (asset) [Line Items] | |||
At beginning of period | 1,453,238 | 1,432,556 | |
Interest income | 9,805 | 10,090 | |
Return on plan assets excluding interest income | (14,874) | 97,433 | |
Contributions by employer | 15,101 | 19,208 | |
Benefits paid | (42,495) | (44,433) | |
Acquisition of subsidiaries and businesses | 6,191 | ||
Others | (6,327) | (61,616) | |
At end of period | ¥ 1,420,639 | ¥ 1,453,238 | ¥ 1,432,556 |
Retirement Benefits - Amounts R
Retirement Benefits - Amounts Recognized in Consolidated Income Statement (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of net defined benefit liability (asset) [abstract] | |||
Current service cost | ¥ 38,540 | ¥ 40,387 | ¥ 40,030 |
Net interest cost | (1,797) | (1,453) | (1,153) |
Past service cost | 108 | (44) | (3) |
Total | ¥ 36,851 | ¥ 38,890 | ¥ 38,874 |
Retirement Benefits - Plan Asse
Retirement Benefits - Plan Assets (Detail) - Plan assets [member] - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosure of fair value of plan assets [Line Items] | |||
Total | ¥ 1,420,639 | ¥ 1,453,238 | ¥ 1,432,556 |
Level 1 [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Total | 780,691 | 873,099 | |
Level 2 and 3 of fair value hierarchy [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Total | 639,948 | 580,139 | |
Pension funds [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Equity instruments | 365,309 | 434,981 | |
Debt instruments | 249,149 | 241,610 | |
General account of life insurance companies | 39,713 | 45,445 | |
Other investments and short-term assets | 250,399 | 215,728 | |
Pension funds [member] | Level 1 [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Equity instruments | 226,372 | 286,542 | |
Debt instruments | 16,124 | 36,290 | |
General account of life insurance companies | 250 | 356 | |
Other investments and short-term assets | 33,055 | 45,252 | |
Pension funds [member] | Level 2 and 3 of fair value hierarchy [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Equity instruments | 138,937 | 148,439 | |
Debt instruments | 233,025 | 205,320 | |
General account of life insurance companies | 39,463 | 45,089 | |
Other investments and short-term assets | 217,344 | 170,476 | |
Retirement benefit trusts [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Other short-term assets | 47,864 | 45,613 | |
Retirement benefit trusts [member] | Level 1 [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Other short-term assets | 38,278 | 36,340 | |
Retirement benefit trusts [member] | Level 2 and 3 of fair value hierarchy [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Other short-term assets | 9,586 | 9,273 | |
Retirement benefit trusts [member] | Japan [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Equity instruments | 468,205 | 469,861 | |
Retirement benefit trusts [member] | Japan [member] | Level 1 [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Equity instruments | 466,612 | 468,319 | |
Retirement benefit trusts [member] | Japan [member] | Level 2 and 3 of fair value hierarchy [member] | |||
Disclosure of fair value of plan assets [Line Items] | |||
Equity instruments | ¥ 1,593 | ¥ 1,542 |
Retirement Benefits - Additiona
Retirement Benefits - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of defined benefit plans [Line Items] | |||
Expected contributions to defined benefit plans for the fiscal year ending March 31, 2020 | ¥ 20,208 | ||
Recognized as expenses for the defined contribution plans | 10,862 | ¥ 10,769 | ¥ 9,621 |
Contributions charged to expense for the Employees' Pension Insurance Plan | ¥ 39,232 | ¥ 42,694 | ¥ 43,650 |
Average life expectancy at age 60 [member] | |||
Disclosure of defined benefit plans [Line Items] | |||
Current average remaining life expectancy of individual male employees retiring at age 60 | 23 years | 23 years | 23 years |
Current average remaining life expectancy of individual female employees retiring at age 60 | 28 years | 28 years | 28 years |
Retirement benefit trusts [member] | Equity investments where voting rights were retained [member] | |||
Disclosure of defined benefit plans [Line Items] | |||
Fair values of equity instruments where company retained voting rights | ¥ 456,497 | ¥ 457,217 | |
Fair values of equity instruments where company retained voting rights, percentage of fair values of plan assets | 32.10% | 31.50% |
Retirement Benefits - Principal
Retirement Benefits - Principal Actuarial Assumptions (Detail) | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosure of defined benefit plans [abstract] | |||
Discount rates | 0.50% | 0.70% | 0.70% |
Retirement Benefits - Sensitivi
Retirement Benefits - Sensitivity Analyses of Effect of Changes in Key Assumptions on Defined Benefit Obligations (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Discount rates [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | ||
Percentage increase in assumption | 0.50% | 0.50% |
Increase/(decrease) in defined benefit obligations due to increase in assumption | ¥ (74,405) | ¥ (73,146) |
Percentage decrease in assumption | 0.50% | 0.50% |
Increase/(decrease) in defined benefit obligations due to decrease in assumption | ¥ 84,546 | ¥ 83,014 |
Average life expectancy at age 60 [member] | ||
Disclosure of sensitivity analysis for actuarial assumptions [Line Items] | ||
Year increase in assumption | 1 year | 1 year |
Increase/(decrease) in defined benefit obligations due to increase in assumption | ¥ 39,661 | ¥ 38,291 |
Retirement Benefits - Weighted
Retirement Benefits - Weighted Average Durations of Defined Benefit Plans (Detail) - yr | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Lump-sum severance indemnity plans [member] | |||
Disclosure of defined benefit plans [Line Items] | |||
Weighted average durations of defined benefit plans | 12.7 | 12.8 | 12.9 |
Defined benefit pension plans [member] | |||
Disclosure of defined benefit plans [Line Items] | |||
Weighted average durations of defined benefit plans | 18.9 | 18.9 | 18.2 |
Shareholders' Equity - Changes
Shareholders' Equity - Changes in Number of Issued Shares of Common Stock and Common Stock Held by SMFG or its Subsidiaries (Detail) - shares | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Common stock [member] | |||
Disclosure of classes of share capital [line items] | |||
At beginning of period | 1,414,443,390 | 1,414,055,625 | 1,414,055,625 |
Net change | (15,041,970) | 387,765 | |
At end of period | 1,399,401,420 | 1,414,443,390 | 1,414,055,625 |
Treasury stock [member] | |||
Disclosure of classes of share capital [line items] | |||
At beginning of period | 3,884,968 | 4,028,883 | 46,830,882 |
Net change | (84,050) | (143,915) | (42,801,999) |
At end of period | 3,800,918 | 3,884,968 | 4,028,883 |
Shareholders' Equity - Change_2
Shareholders' Equity - Changes in Number of Issued Shares of Common Stock and Common Stock Held by SMFG or its Subsidiaries (Parenthetical) (Detail) | 12 Months Ended |
Mar. 31, 2017shares | |
Sumitomo mitsui banking corporation [member] | |
Disclosure of classes of share capital [line items] | |
Decrease of shares through the sale of the company shares held by SMBC | 42,820,864 |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - JPY (¥) ¥ in Millions | May 31, 2019 | Aug. 20, 2018 | Jun. 19, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | May 15, 2019 | May 14, 2018 |
Total number of authorized shares of common stock | 3,000,000,000 | 3,000,000,000 | ||||||
Number of shares authorized to be repurchased | 20,000,000 | |||||||
Shares authorized to be repurchased amount | ¥ 70,000 | |||||||
Number of shares repurchased | 15,368,300 | |||||||
Purchase of treasury stock | ¥ 70,000 | ¥ 70,094 | ¥ 142 | ¥ 100 | ||||
Treasury stock cancelled | 15,368,300 | |||||||
Total amount the company can pay out as a dividend | ¥ 1,782,000 | |||||||
Share repurchase program [member] | ||||||||
Shares authorized to be repurchased amount | ¥ 100,000 | |||||||
Shares authorized to be repurchased, shares | 32,000,000 | |||||||
Repurchase of common stock , Shares | 5,922,400 | |||||||
Repurchase of common stock , Amount | ¥ 23,000 |
Shareholders' Equity - Number o
Shareholders' Equity - Number of Shares of Preferred Stock (Detail) - shares | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of classes of share capital [line items] | ||
Preferred stock, Authorized | 3,000,000,000 | 3,000,000,000 |
Type 5 preferred stock [member] | ||
Disclosure of classes of share capital [line items] | ||
Preferred stock, Authorized | 167,000 | 167,000 |
Preferred stock, Issued | 0 | 0 |
Type 7 preferred stock [member] | ||
Disclosure of classes of share capital [line items] | ||
Preferred stock, Authorized | 167,000 | 167,000 |
Preferred stock, Issued | 0 | 0 |
Type 8 preferred stock [member] | ||
Disclosure of classes of share capital [line items] | ||
Preferred stock, Authorized | 115,000 | 115,000 |
Preferred stock, Issued | 0 | 0 |
Type 9 preferred stock [member] | ||
Disclosure of classes of share capital [line items] | ||
Preferred stock, Authorized | 115,000 | 115,000 |
Preferred stock, Issued | 0 | 0 |
Shareholders' Equity - Movement
Shareholders' Equity - Movements of Remeasurements of the Defined Benefit Plans Reserve (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
At beginning of period | ¥ 12,495,799 | ¥ 11,887,283 | ¥ 11,042,099 |
Gains (losses) arising during the period, before tax | 582,435 | 371,438 | |
Gains (losses) arising during the period, before tax | (40,329) | 73,662 | 8,134 |
Income tax (expense) benefit for changes arising during the period | 61,453 | (22,492) | (2,315) |
Reclassification adjustments for (gains) losses included in net profit, before tax | (275,038) | (109,990) | |
Share of other comprehensive income (loss) of associates and joint ventures | (4,410) | 7,827 | (21,140) |
Share of other comprehensive income (loss) of associates and joint ventures | 3,711 | 58 | (462) |
At end of period | 11,773,446 | 12,495,799 | 11,887,283 |
Available-for-sale financial assets [member] | |||
At beginning of period | 2,122,260 | 1,929,894 | 1,756,634 |
Gains (losses) arising during the period, before tax | 582,435 | 371,438 | |
Income tax (expense) benefit for changes arising during the period | (184,128) | (116,277) | |
Reclassification adjustments for (gains) losses included in net profit, before tax | (275,038) | (109,990) | |
Income tax benefit for reclassification adjustments | 84,745 | 33,658 | |
Amount attributable to non-controlling interests | (15,653) | (3,971) | |
Share of other comprehensive income (loss) of associates and joint ventures | 5 | (1,598) | |
At end of period | 2,122,260 | 1,929,894 | |
Financial Assets at Fair Value Through OCI Category [member] | |||
At beginning of period | 1,718,937 | ||
Gains (losses) arising during the period, before tax | 21,936 | ||
Income tax (expense) benefit for changes arising during the period | 2,982 | ||
Reclassification adjustments for (gains) losses included in net profit, before tax | (6,071) | ||
Income tax benefit for reclassification adjustments | 1,844 | ||
Amount attributable to non-controlling interests | 53,769 | ||
Share of other comprehensive income (loss) of associates and joint ventures | 1,368 | ||
Transfer from other reserves to retained earnings | (64,158) | ||
At end of period | 1,730,607 | 1,718,937 | |
Remeasurements of defined benefit plans [member] | |||
At beginning of period | 76,102 | 22,774 | 18,985 |
Gains (losses) arising during the period, before tax | (40,329) | 73,662 | 8,134 |
Income tax (expense) benefit for changes arising during the period | 12,407 | (22,492) | (2,315) |
Amount attributable to non-controlling interests | 53 | 45 | (1,568) |
Share of other comprehensive income (loss) of associates and joint ventures | 760 | 58 | (462) |
Transfer from other reserves to retained earnings | 23,432 | 2,055 | |
At end of period | ¥ 72,425 | ¥ 76,102 | ¥ 22,774 |
Shareholders' Equity - Moveme_2
Shareholders' Equity - Movements of Exchange Differences on Translating the Foreign Operations Reserve (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
At beginning of period | ¥ 12,495,799 | ¥ 11,887,283 | ¥ 11,042,099 |
Gains (losses) arising during the period, before tax | 22,517 | (75,409) | (24,063) |
Share of other comprehensive income (loss) of associates and joint ventures | (4,410) | 7,827 | (21,140) |
At end of period | 11,773,446 | 12,495,799 | 11,887,283 |
Exchange differences on translating foreign operations [member] | |||
At beginning of period | 125,987 | 181,374 | 216,336 |
Gains (losses) arising during the period, before tax | 22,517 | (75,409) | (24,063) |
Income tax (expense) benefit for changes arising during the period | 343 | 3,152 | 2,544 |
Reclassification adjustments for (gains) losses included in net profit, before tax | (37,247) | 49 | (4) |
Income tax (expense) benefit for reclassification adjustments | 131 | (15) | 1 |
Amount attributable to non-controlling interests | 4,430 | 9,014 | 6,102 |
Share of other comprehensive income (loss) of associates and joint ventures | (2,827) | 7,822 | (19,542) |
At end of period | ¥ 113,334 | ¥ 125,987 | ¥ 181,374 |
Non-controlling Interests and_3
Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders - Non-controlling Interests (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Equity [abstract] | |||
Preferred securities issued by subsidiaries | ¥ 436,500 | ¥ 730,153 | |
Others | 57,623 | 502,827 | |
Total non-controlling interests | ¥ 494,123 | ¥ 1,233,230 | ¥ 1,232,980 |
Non-controlling Interests and_4
Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders - Preferred Securities Issued by Subsidiaries (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Amount | ¥ 436,500 | ¥ 730,153 |
SMFG preferred capital USD 3 limited [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2018-07 | |
Preferred securities issued by subsidiaries, Amount | 143,438 | |
SMFG preferred capital GBP 2 limited [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2029-01 | |
Preferred securities issued by subsidiaries, Amount | 37,215 | |
SMFG preferred capital JPY 2 limited [member] | Series A shares [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2019-01 | |
Preferred securities issued by subsidiaries, Amount | 113,000 | |
SMFG preferred capital JPY 2 limited [member] | Series B shares [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2019-07 | |
Preferred securities issued by subsidiaries, Amount | ¥ 140,000 | 140,000 |
SMFG preferred capital JPY 2 limited [member] | Series E shares [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2019-07 | |
Preferred securities issued by subsidiaries, Amount | ¥ 33,000 | 33,000 |
SMFG preferred capital JPY 3 limited [member] | Series A shares [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2020-01 | |
Preferred securities issued by subsidiaries, Amount | ¥ 99,000 | 99,000 |
SMFG preferred capital JPY 3 limited [member] | Series B shares [member] | ||
Disclosure of preferred securities issued by subsidiaries [line Items] | ||
Preferred securities issued by subsidiaries, Redemption at the option of Issuer | 2020-01 | |
Preferred securities issued by subsidiaries, Amount | ¥ 164,500 | ¥ 164,500 |
Non-controlling Interests and_5
Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders - Equity Attributable to Other Equity Instruments Holders (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Equity [abstract] | |||
Perpetual subordinated bonds | ¥ 598,703 | ¥ 599,522 | |
Total equity attributable to other equity instruments holders | ¥ 598,703 | ¥ 599,522 | ¥ 599,522 |
Non-controlling Interests and_6
Non-controlling Interests and Equity Attributable to Other Equity Instruments Holders - Additional Information (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Equity [abstract] | |
Common Equity Tier 1 capital ratio threshold where bonds may be written down | 5.125% |
Net Interest Income - Summary o
Net Interest Income - Summary of Net Interest Income (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Interest income from: | |||
Deposits with banks | ¥ 103,798 | ¥ 78,217 | ¥ 45,770 |
Call loans and bills bought | 16,400 | 19,362 | 12,065 |
Reverse repurchase agreements and cash collateral on securities borrowed | 38,387 | 40,021 | 29,601 |
Investment securities | 152,915 | 102,295 | 87,348 |
Loans and advances | 2,094,850 | 1,904,175 | 1,725,477 |
Total interest income | 2,406,350 | 2,144,070 | 1,900,261 |
Interest expense from: | |||
Deposits | 601,365 | 382,753 | 249,028 |
Call money and bills sold | 14,212 | 8,763 | 5,286 |
Repurchase agreements and cash collateral on securities lent | 120,984 | 61,341 | 20,623 |
Borrowings | 107,233 | 89,196 | 79,835 |
Debt securities in issue | 256,035 | 190,774 | 146,937 |
Others | 2,046 | 1,142 | 629 |
Total interest expense | 1,101,875 | 733,969 | 502,338 |
Net interest income | ¥ 1,304,475 | ¥ 1,410,101 | ¥ 1,397,923 |
Net Interest Income - Additiona
Net Interest Income - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Revenue [abstract] | ||
Interest income recorded on impaired financial assets | ¥ 18,886 | ¥ 16,892 |
Net Fee and Commission Income -
Net Fee and Commission Income - Summary of Net Fee and Commission Income (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Fee and commission income from: | |||
Loans | ¥ 118,225 | ¥ 120,998 | ¥ 128,305 |
Credit card business | 290,034 | 289,509 | 261,253 |
Guarantees | 63,112 | 62,934 | 58,221 |
Securities-related business | 142,870 | 147,016 | 146,655 |
Deposits | 12,650 | 16,169 | 15,929 |
Remittances and transfers | 139,625 | 140,621 | 138,029 |
Safe deposits | 4,546 | 5,224 | 5,414 |
Trust fees | 4,629 | 3,854 | 3,607 |
Investment trusts | 127,762 | 154,419 | 126,590 |
Agency | 11,417 | 16,577 | 16,753 |
Others | 186,907 | 174,043 | 165,656 |
Total fee and commission income | 1,101,777 | 1,131,364 | 1,066,412 |
Fee and commission expense from: | |||
Remittances and transfers | 42,150 | 40,214 | 39,419 |
Guarantees | 1,572 | 3,750 | 3,434 |
Others | 134,629 | 134,903 | 138,720 |
Total fee and commission expense | 178,351 | 178,867 | 181,573 |
Net fee and commission income | ¥ 923,426 | ¥ 952,497 | ¥ 884,839 |
Net Trading Income - Summary of
Net Trading Income - Summary of Net Trading Income (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Trading income (expense) [abstract] | |||
Interest rate | ¥ 176,352 | ¥ 128,137 | ¥ 79,650 |
Foreign exchange | 92,835 | 87,322 | 51,143 |
Equity | 46,576 | 48,047 | 39,478 |
Credit | 3,667 | 5,735 | 13,063 |
Others | 872 | 1,223 | 629 |
Total net trading income | ¥ 320,302 | ¥ 270,464 | ¥ 183,963 |
Net Income (Loss) from Financ_3
Net Income (Loss) from Financial Assets at Fair Value through Profit or Loss - Summary of Net Income (Loss) from Financial Assets at Fair Value Through Profit or Loss (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of detailed information about financial instruments [line items] | |||
Net income (loss) from financial assets at fair value through profit or loss | ¥ 54,655 | ¥ (667) | ¥ 2,018 |
Debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net income (loss) from financial assets at fair value through profit or loss | 53,048 | (1,775) | 428 |
Equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net income (loss) from financial assets at fair value through profit or loss | ¥ 1,607 | ¥ 1,108 | ¥ 1,590 |
Net Investment Income - Summary
Net Investment Income - Summary of Net Investment Income (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of detailed information about financial instruments [line items] | |||
Dividend income | ¥ 87,850 | ¥ 138,874 | ¥ 123,827 |
Total net investment income | 93,922 | 424,097 | 305,327 |
Debt instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net gain from disposal of instruments | ¥ 6,072 | 4,187 | 39,484 |
Equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Net gain from disposal of instruments | ¥ 281,036 | ¥ 142,016 |
Net Investment Income - Additio
Net Investment Income - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Material income and expense [abstract] | |
Dividend income from equity instruments at fair value through other comprehensive income derecognized | ¥ 2,524 |
Other Income - Summary of Other
Other Income - Summary of Other Income (Detail) - JPY (¥) ¥ in Millions | Nov. 28, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Material income [abstract] | ||||
Income from operating leases | ¥ 235,044 | ¥ 276,850 | ¥ 250,460 | |
Income related to disposal of assets leased | 112,344 | 322,673 | 152,564 | |
Income related to IT solution services | 33,828 | 29,172 | 37,678 | |
Gains on disposal of property, plant and equipment, and other intangible assets | 541 | 852 | 937 | |
Reversal of impairment losses of investments in associates and joint ventures | 2,402 | 8,123 | ||
Gains on step acquisition of subsidiaries | ¥ 47,887 | 20,344 | ||
Others | 121,507 | 118,185 | 111,842 | |
Total other income | ¥ 505,666 | ¥ 755,855 | ¥ 573,825 |
Impairment Charges on Financi_3
Impairment Charges on Financial Assets - Summary of Impairment Charges (Reversals) on Financial Assets (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges on financial assets | ¥ 119,686 | ¥ 136,808 | ¥ 212,967 |
Loans and advances [member] | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges on financial assets | 122,927 | 126,623 | 141,457 |
Loan commitments [member] | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges on financial assets | (9,771) | ||
Financial guarantees [member] | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges on financial assets | 6,529 | ||
Investment securities [member] | |||
Disclosure of impairment loss and reversal of impairment loss [line items] | |||
Impairment charges on financial assets | ¥ 1 | ¥ 10,185 | ¥ 71,510 |
General and Administrative Ex_3
General and Administrative Expenses - Summary of General and Administrative Expenses (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Material expense [abstract] | |||
Personnel expenses | ¥ 803,821 | ¥ 864,396 | ¥ 833,755 |
Depreciation and amortization | 168,564 | 171,043 | 172,496 |
Rent and lease expenses | 112,660 | 117,400 | 115,425 |
Building and maintenance expenses | 10,254 | 11,167 | 10,657 |
Supplies expenses | 16,252 | 16,902 | 16,694 |
Communication expenses | 35,030 | 38,171 | 37,250 |
Publicity and advertising expenses | 63,669 | 80,464 | 79,570 |
Taxes and dues | 82,792 | 83,976 | 85,967 |
Outsourcing expenses | 100,495 | 96,733 | 96,063 |
Premiums for deposit insurance | 35,555 | 37,938 | 38,180 |
Office equipment expenses | 47,139 | 54,708 | 49,127 |
Others | 239,137 | 240,223 | 216,951 |
Total general and administrative expenses | ¥ 1,715,368 | ¥ 1,813,121 | ¥ 1,752,135 |
Other Expenses - Summary of Oth
Other Expenses - Summary of Other Expenses (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Material expense [abstract] | |||
Cost of operating leases | ¥ 120,412 | ¥ 144,708 | ¥ 126,320 |
Cost related to disposal of assets leased | 101,218 | 310,460 | 140,255 |
Cost related to IT solution services and IT systems | 96,727 | 92,975 | 92,247 |
Provision for interest repayment | 47,293 | 49,879 | 11,439 |
Losses on disposal of property, plant and equipment, and other intangible assets | 4,596 | 4,913 | 6,041 |
Impairment losses of property, plant and equipment | 5,906 | 27,816 | 6,396 |
Impairment losses of intangible assets | 66,665 | 35,666 | 74,788 |
Losses on sale of investments in subsidiaries and associates | 2,677 | 28,250 | |
Impairment losses of investments in associates and joint ventures | 50,679 | 19,851 | 14,941 |
Losses on step acquisition of subsidiaries | 25,744 | ||
Others | 53,740 | 78,247 | 59,332 |
Total other expenses | ¥ 575,657 | ¥ 792,765 | ¥ 531,759 |
Income Tax Expense - Detail of
Income Tax Expense - Detail of Income Tax Expense (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Current tax: | |||
Charge for period | ¥ 173,683 | ¥ 228,342 | ¥ 260,234 |
Deferred tax: | |||
Origination and reversal of temporary differences | 17,460 | 66,875 | 12,391 |
Change in the write-down of deferred tax assets on the current fiscal year income tax expense | (6,837) | (63,194) | (132,859) |
Changes in tax rates and others | (2,645) | ||
Total deferred tax expense (benefit) | 10,623 | 1,036 | (120,468) |
Total income tax expense | ¥ 184,306 | ¥ 229,378 | ¥ 139,766 |
Income Tax Expense - Detail o_2
Income Tax Expense - Detail of Income Tax Expense (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of Income Taxes [Line Items] | |||||
Current income tax expense (benefit) | ¥ 173,683 | ¥ 228,342 | ¥ 260,234 | ||
U.S. federal income tax rate | 30.60% | 30.90% | 30.90% | ||
IFRS 9 [member] | |||||
Disclosure of Income Taxes [Line Items] | |||||
Current income tax expense (benefit) | ¥ 103,264 | ||||
Americas [Member] | |||||
Disclosure of Income Taxes [Line Items] | |||||
U.S. federal income tax rate | 21.00% | 36.00% |
Income Tax Expense - Reconcilia
Income Tax Expense - Reconciliations of Effective Income Tax Rates (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Reconciliation of average effective tax rate and applicable tax rate [abstract] | |||
Profit before tax | ¥ 831,892 | ¥ 1,118,976 | ¥ 880,352 |
Income tax expense | ¥ 184,306 | ¥ 229,378 | ¥ 139,766 |
Effective income tax rate | 22.20% | 20.50% | 15.90% |
Effective statutory tax rate in Japan | 30.60% | 30.90% | 30.90% |
Nontaxable dividends received | (4.80%) | (0.80%) | (1.00%) |
Non-Japanese earnings | (3.00%) | (3.60%) | (1.90%) |
Tax impact of impairment losses and reversal of impairment losses for investments in associates and joint ventures-net | 1.80% | 0.30% | 0.50% |
Tax impact of share of post-tax profit in associates and joint ventures | (1.50%) | (1.40%) | (1.00%) |
Gains on step acquisition of subsidiaries and associates and joint ventures which were not taxable | 1.00% | (0.70%) | |
Effect of the change in the write-down of deferred tax assets on the current fiscal year income tax expense | (0.80%) | (5.70%) | (15.10%) |
Tax impact of impairment losses of goodwill | 0.80% | 2.60% | |
Others-net | (1.10%) | 1.60% | |
Effective income tax rate | 22.20% | 20.50% | 15.90% |
Income Tax Expense - Reconcil_2
Income Tax Expense - Reconciliations of Effective Income Tax Rates (Parenthetical) (Detail) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Reconciliation of effective tax rate [Line Items] | |||
Effective tax rate | 30.60% | 30.90% | 30.90% |
Effective corporation tax rate [member] | |||
Reconciliation of effective tax rate [Line Items] | |||
Effective tax rate | 23.20% | 23.40% | 23.40% |
Effective local corporation tax rate [member] | |||
Reconciliation of effective tax rate [Line Items] | |||
Effective tax rate | 1.00% | 1.00% | 1.00% |
Effective inhabitant tax rate [member] | |||
Reconciliation of effective tax rate [Line Items] | |||
Effective tax rate | 3.80% | 3.80% | 3.80% |
Effective enterprise tax rate [member] | |||
Reconciliation of effective tax rate [Line Items] | |||
Effective tax rate | 2.60% | 2.70% | 2.70% |
Earnings Per Share - Summary of
Earnings Per Share - Summary of Earnings Per Share (Detail) - JPY (¥) ¥ / shares in Units, shares in Thousands, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Basic: | |||
Profit attributable to shareholders of the Company | ¥ 541,932 | ¥ 759,998 | ¥ 627,870 |
Weighted average number of common stock in issue (in thousands of shares) | 1,397,599 | 1,410,442 | 1,369,231 |
Basic earnings per share | ¥ 387.76 | ¥ 538.84 | ¥ 458.56 |
Diluted: | |||
Profit attributable to the common shareholders of the Company | ¥ 541,932 | ¥ 759,998 | ¥ 627,870 |
Impact of dilutive potential ordinary shares issued by subsidiaries | (19) | (10) | (11) |
Net profit used to determine diluted earnings per share | ¥ 541,913 | ¥ 759,988 | ¥ 627,859 |
Weighted average number of common stock in issue (in thousands of shares) | 1,397,599 | 1,410,442 | 1,369,231 |
Adjustments for stock options (in thousands of shares) | 924 | 1,052 | 1,093 |
Weighted average number of common stock for diluted earnings per share (in thousands of shares) | 1,398,523 | 1,411,494 | 1,370,324 |
Diluted earnings per share | ¥ 387.49 | ¥ 538.43 | ¥ 458.18 |
Transfers of Financial Assets -
Transfers of Financial Assets - Carrying Amounts and Fair Values of Transferred Financial Assets that did not Qualify for Derecognition and Associated Financial Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Repurchase agreements and securities lending transactions [member] | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [Line Items] | ||
Carrying amount of assets | ¥ 7,631,722 | ¥ 7,730,783 |
Carrying amount of associated liabilities | 6,530,794 | 7,271,817 |
Loans and advances [member] | Residential mortgages [member] | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [Line Items] | ||
Carrying amount of assets | 1,478,989 | 1,432,966 |
Carrying amount of associated liabilities | 1,189,055 | 1,154,831 |
For those liabilities that have recourse only to the transferred assets: | ||
Fair value of assets | 1,663,279 | 1,615,329 |
Fair value of associated liabilities | 1,240,199 | 1,207,899 |
Net position | 423,080 | 407,430 |
Loans and advances [member] | Corporate loans [member] | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [Line Items] | ||
Carrying amount of assets | 778,559 | 857,690 |
Carrying amount of associated liabilities | 770,434 | 853,207 |
For those liabilities that have recourse only to the transferred assets: | ||
Fair value of assets | 781,864 | 861,824 |
Fair value of associated liabilities | 770,605 | 853,551 |
Net position | ¥ 11,259 | 8,273 |
Loans and advances [member] | Others [member] | ||
Disclosure of transferred financial assets that are not derecognised in their entirety [Line Items] | ||
Carrying amount of assets | 49,151 | |
Carrying amount of associated liabilities | 40,584 | |
For those liabilities that have recourse only to the transferred assets: | ||
Fair value of assets | 48,254 | |
Fair value of associated liabilities | 40,870 | |
Net position | ¥ 7,384 |
Assets Pledged and Received a_3
Assets Pledged and Received as Collateral - Carrying Amounts of Assets Pledged as Collateral (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | ¥ 24,831,530 | ¥ 27,832,918 |
Cash and deposits with banks [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 48,937 | 32,010 |
Trading assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 2,111,979 | 2,423,002 |
Financial assets at fair value through profit or loss [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 1,208,409 | 1,518,748 |
Held-to-maturity investments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 365,450 | |
Debt instruments at amortized cost [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 280,246 | |
Available-for-sale financial assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 10,648,468 | |
Debt instruments at fair value through other comprehensive income [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 9,140,006 | |
Equity instruments at fair value through other comprehensive income [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 184,417 | |
Loans and advances [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | 10,118,591 | 11,019,253 |
Other assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Carrying amounts of assets pledged as collateral | ¥ 1,738,945 | ¥ 1,825,987 |
Assets Pledged and Received a_4
Assets Pledged and Received as Collateral - Additional information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of detailed information about financial instruments [abstract] | ||
Loaned securities for which the borrowers have the right to sell or repledge | ¥ 7,649,435 | ¥ 7,731,243 |
Fair value of securities and bills accepted as collateral | 13,461,458 | 12,218,264 |
Fair value of securities sold or repledged to others | ¥ 9,166,534 | ¥ 8,839,133 |
Share-based Payment - Significa
Share-based Payment - Significant Terms and Conditions of Stock Option Plan (Detail) - SMFG stock acquisition rights [member] | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |
Title of grantees | Directors, corporate auditors and executive officers of SMFG and SMBC |
Exercise period | Not exceeding 30 years from the date of allocation of stock acquisition rights |
Requisite service period | One year from the date of the ordinary general meeting of shareholders of SMFG to the closing of the next ordinary general meeting of shareholders of SMFG |
Method of settlement | Common stock of SMFG |
Share-based Payment - Signifi_2
Share-based Payment - Significant Terms and Conditions of Stock Option Plan (Parenthetical) (Detail) - Maximum [member] | 12 Months Ended |
Mar. 31, 2019yr | |
Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |
Term of options granted for director, a corporate auditor or an executive officer | 30 |
Term of options granted for director, a corporate auditor or an executive officer who are relieved of their positions | 20 years |
Share-based Payment - Number an
Share-based Payment - Number and Weighted Average Exercise Prices of Stock Options (Detail) - SMFG stock acquisition rights [member] | 12 Months Ended | |
Mar. 31, 2019JPY (¥) | Mar. 31, 2018JPY (¥) | |
Disclosure of terms and conditions of share-based payment arrangement [Line Items] | ||
Number of options, Outstanding at beginning of period | 1,003,000 | 1,180,000 |
Number of options, Exercised | (103,600) | (174,700) |
Number of options, Forfeited or expired | (2,300) | |
Number of options, Outstanding at end of period | 899,400 | 1,003,000 |
Number of options, Exercisable at end of period | 498,600 | 463,100 |
Weighted average exercise price, Outstanding at beginning of period | ¥ 1 | ¥ 1 |
Weighted average exercise price, Exercised | 1 | 1 |
Weighted average exercise price, Forfeited or expired | 0 | 1 |
Weighted average exercise price, Outstanding at end of period | 1 | 1 |
Weighted average exercise price, Exercisable at end of period | ¥ 1 | ¥ 1 |
Share-based Payment - Additiona
Share-based Payment - Additional Information (Detail) | 12 Months Ended | |
Mar. 31, 2019JPY (¥) | Mar. 31, 2018JPY (¥) | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | ||
Number of options, issued | 0 | |
Weighted average stock price at the date of exercise | ¥ 4,391 | ¥ 4,245 |
Stock options recognized as expenses | 135,000,000 | |
Restricted stock unit Vesting Period In Share Based Payment Arrangement | 30 years | |
Restricted shares recognized as expenses | ¥ 1,240,000,000 | ¥ 803,000,000 |
Share-based Payment - Summarize
Share-based Payment - Summarized Information about Stock Options Outstanding (Detail) - SMFG stock acquisition rights [member] | 12 Months Ended | ||
Mar. 31, 2019JPY (¥)yr | Mar. 31, 2018yr | Mar. 31, 2017 | |
Disclosure of terms and conditions of share-based payment arrangement [Line Items] | |||
Exercise price | ¥ | ¥ 1 | ||
Number of options | 899,400 | 1,003,000 | 1,180,000 |
Remaining contractual lives in years | yr | 24.3 | 25.3 |
Share-based Payment -Summary Of
Share-based Payment -Summary Of Restricted Share (Detail) - Restricted Shares [member] | 12 Months Ended | |
Mar. 31, 2019JPY (¥) | Mar. 31, 2018JPY (¥) | |
Disclosure of terms and conditions of share-based payment arrangement [Line Items] | ||
Outstanding at beginning of period | 387,765 | |
Allotted | 326,330 | 387,765 |
Released | (11,892) | 0 |
Forfeited | 0 | 0 |
Outstanding at end of period | 702,203 | 387,765 |
Fair value at measurement date | ¥ 4,287 | ¥ 4,372 |
Dividends Per Share - Summary o
Dividends Per Share - Summary of Dividend Per Share (Detail) - JPY (¥) ¥ / shares in Units, ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Aggregate amount | ¥ 322,761 | ¥ 280,272 | ¥ 271,039 |
Sumitomo mitsui banking corporation [member] | |||
Dividends per share | ¥ 175 | ¥ 155 | ¥ 150 |
Aggregate amount | ¥ 245,577 | ¥ 218,596 | ¥ 205,083 |
Dividends Per Share - Additiona
Dividends Per Share - Additional Information (Detail) ¥ / shares in Units, ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥)¥ / shares | |
Dividends 1 [abstract] | |
Proposed dividend, per share | ¥ / shares | ¥ 95 |
Proposed dividend, total | ¥ | ¥ 132,582 |
Contingency and Capital Commi_3
Contingency and Capital Commitments - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Capital commitments [abstract] | ||
Contractual commitments to acquire property, plant and equipment | ¥ 62,027 | ¥ 2,626 |
Contractual commitments to acquire intangible assets | ¥ 383 |
Contingency and Capital Commi_4
Contingency and Capital Commitments - Nominal Amounts of Undrawn Loan Commitments and Financial Guarantees and Other Credit-Related Contingent Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of contingent liabilities [Line Items] | ||
Nominal amounts | ¥ 258,074,479 | ¥ 247,637,992 |
Loan commitments [member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Nominal amounts | 62,724,820 | 60,107,128 |
Financial guarantees and other credit-related contingent liabilities [Member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Nominal amounts | 9,409,066 | 8,426,245 |
Loan commitments and financial guarantees and other credit-related contingent liabilities [Member] | ||
Disclosure of contingent liabilities [Line Items] | ||
Nominal amounts | ¥ 72,133,886 | ¥ 68,533,373 |
Analysis of Financial Assets _3
Analysis of Financial Assets and Liabilities by Measurement Basis - Carrying Amounts of Financial Assets and Liabilities by Category and Line Item (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Financial assets: | ||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 |
Call loans and bills bought | 2,465,745 | 1,881,880 | 1,881,880 | |
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | 8,491,703 | |
Trading assets | 2,767,691 | 3,169,123 | 3,169,123 | |
Derivative financial instruments | 3,382,574 | 3,885,271 | 3,885,271 | |
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 | |
Investment securities | 17,825,027 | 19,147,158 | 20,495,075 | |
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 | |
Other financial assets | 3,609,129 | 3,598,642 | ||
Financial assets included in assets held for sale | 3,208,771 | |||
Total | 191,483,955 | 186,103,276 | ||
Financial liabilities: | ||||
Deposits | 134,404,652 | 128,461,527 | 128,461,527 | |
Call money and bills sold | 1,307,779 | 1,190,929 | 1,190,929 | |
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | 12,022,593 | |
Trading liabilities | 1,998,694 | 2,143,899 | 2,143,899 | |
Derivative financial instruments | 3,051,773 | 3,498,016 | 3,498,016 | |
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | |
Debt securities in issue | 11,171,209 | ¥ 10,569,117 | 10,569,117 | |
Other financial liabilities | 5,596,513 | 6,691,042 | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 3,377,527 | |||
Total | 182,585,727 | 178,607,131 | ||
Financial Assets and Liabilities at fair value through profit or loss [member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 4,773 | |||
Trading assets | 2,767,691 | 3,169,123 | ||
Derivative financial instruments | 3,382,574 | 3,885,271 | ||
Financial assets at fair value through profit or loss | 2,641,416 | 1,547,672 | ||
Investment securities | 2,588 | |||
Loans and advances | 3,169 | |||
Financial assets included in assets held for sale | 1,693 | |||
Total | 8,791,681 | 8,614,289 | ||
Financial liabilities: | ||||
Deposits | 666 | 13,929 | ||
Trading liabilities | 1,998,694 | 2,143,899 | ||
Derivative financial instruments | 3,051,773 | 3,498,016 | ||
Borrowings | 1,716 | 1,198 | ||
Debt securities in issue | (4,676) | (7,635) | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 5,971 | |||
Total | 5,048,173 | 5,655,378 | ||
Financial Assets and Liabilities at Amortized Cost [member] | ||||
Financial liabilities: | ||||
Deposits | 134,403,986 | 128,447,598 | ||
Call money and bills sold | 1,307,779 | 1,190,929 | ||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | ||
Borrowings | 12,166,142 | 10,651,283 | ||
Debt securities in issue | 11,175,885 | 10,576,752 | ||
Other financial liabilities | 5,596,513 | 6,691,042 | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 3,371,556 | |||
Total | 177,537,554 | 172,951,753 | ||
Held-to-maturity investments [member] | ||||
Financial assets: | ||||
Investment securities | 372,459 | |||
Total | 372,459 | |||
Loans and receivables [Member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 54,691,296 | |||
Call loans and bills bought | 1,881,880 | |||
Reverse repurchase agreements and cash collateral on securities borrowed | 8,491,703 | |||
Loans and advances | 85,125,901 | |||
Other financial assets | 3,598,642 | |||
Financial assets included in assets held for sale | 3,098,196 | |||
Total | 156,887,618 | |||
Available-for-sale financial assets [member] | ||||
Financial assets: | ||||
Investment securities | 20,120,028 | |||
Financial assets included in assets held for sale | 108,882 | |||
Total | ¥ 20,228,910 | |||
Financial Assets and Liabilities at Amortised Cost [member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 57,763,441 | |||
Call loans and bills bought | 2,465,745 | |||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | |||
Investment securities | 318,914 | |||
Loans and advances | 90,682,938 | |||
Other financial assets | 3,609,129 | |||
Total | 165,186,161 | |||
Debt instruments at fair value through other comprehensive income [member] | ||||
Financial assets: | ||||
Investment securities | 13,333,221 | |||
Total | 13,333,221 | |||
Equity instruments at fair value through other comprehensive income [member] | ||||
Financial assets: | ||||
Investment securities | 4,172,892 | |||
Total | ¥ 4,172,892 |
Fair Value of Financial Asset_3
Fair Value of Financial Assets and Liabilities - Carrying Amounts of Financial Assets and Liabilities Carried at Fair Value (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Financial assets: | |||
Available-for-sale financial assets | ¥ 20,122,616 | ||
Trading assets | ¥ 2,767,691 | ¥ 3,169,123 | 3,169,123 |
Others | 3,609,129 | 3,598,642 | |
Derivative financial instruments | 3,382,574 | 3,885,271 | 3,885,271 |
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 |
Debt investments | 13,333,221 | ||
Equity instruments at fair value through other comprehensive income | 4,172,892 | ||
Total | 191,483,955 | 186,103,276 | |
Financial liabilities: | |||
Trading liabilities | 1,998,694 | 2,143,899 | 2,143,899 |
Derivative financial instruments | 3,051,773 | ¥ 3,498,016 | 3,498,016 |
Others | 5,596,513 | 6,691,042 | |
Total | 182,585,727 | 178,607,131 | |
At fair value [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 20,231,498 | ||
Trading assets | 2,767,691 | 3,169,123 | |
Others | 7,942 | ||
Derivative financial instruments | 3,382,574 | 3,886,964 | |
Financial assets at fair value through profit or loss | 2,641,416 | 1,547,672 | |
Debt investments | 13,333,221 | ||
Investment securities at fair value through other comprehensive income | 17,506,113 | ||
Total | 26,297,794 | 28,843,199 | |
Financial liabilities: | |||
Trading liabilities | 1,998,694 | 2,143,899 | |
Derivative financial instruments | 3,051,773 | 3,503,987 | |
Others | (2,294) | 7,492 | |
Total | 5,048,173 | 5,655,378 | |
At fair value [member] | Level 1 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 15,939,723 | ||
Trading assets | 2,372,385 | 2,732,402 | |
Derivative financial instruments | 103,211 | 87,316 | |
Financial assets at fair value through profit or loss | 225,642 | 541 | |
Debt investments | 10,101,136 | ||
Investment securities at fair value through other comprehensive income | 13,850,566 | ||
Total | 16,551,804 | 18,759,982 | |
Financial liabilities: | |||
Trading liabilities | 1,844,562 | 1,981,776 | |
Derivative financial instruments | 108,751 | 109,331 | |
Total | 1,953,313 | 2,091,107 | |
At fair value [member] | Level 2 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 3,447,269 | ||
Trading assets | 395,306 | 436,721 | |
Others | 7,942 | ||
Derivative financial instruments | 3,269,092 | 3,793,087 | |
Financial assets at fair value through profit or loss | 1,834,927 | 1,518,931 | |
Debt investments | 3,232,085 | ||
Investment securities at fair value through other comprehensive income | 3,243,200 | ||
Total | 8,742,525 | 9,203,950 | |
Financial liabilities: | |||
Trading liabilities | 154,132 | 162,123 | |
Derivative financial instruments | 2,942,459 | 3,394,220 | |
Others | (1,859) | 6,659 | |
Total | 3,094,732 | 3,563,002 | |
At fair value [member] | Level 3 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 844,506 | ||
Derivative financial instruments | 10,271 | 6,561 | |
Financial assets at fair value through profit or loss | 580,847 | 28,200 | |
Investment securities at fair value through other comprehensive income | 412,347 | ||
Total | 1,003,465 | 879,267 | |
Financial liabilities: | |||
Derivative financial instruments | 563 | 436 | |
Others | (435) | 833 | |
Total | 128 | 1,269 | |
At fair value [member] | Debt instruments [member] | |||
Financial assets: | |||
Trading assets | 2,480,903 | ||
Financial assets at fair value through profit or loss | 2,620,686 | ||
Debt investments | 3,878,891 | ||
Financial liabilities: | |||
Trading liabilities | 1,835,860 | ||
At fair value [member] | Debt instruments [member] | Level 1 [member] | |||
Financial assets: | |||
Trading assets | 2,091,355 | ||
Financial assets at fair value through profit or loss | 223,832 | ||
Debt investments | 646,806 | ||
Financial liabilities: | |||
Trading liabilities | 1,777,666 | ||
At fair value [member] | Debt instruments [member] | Level 2 [member] | |||
Financial assets: | |||
Trading assets | 389,548 | ||
Financial assets at fair value through profit or loss | 1,834,718 | ||
Debt investments | 3,232,085 | ||
Financial liabilities: | |||
Trading liabilities | 58,194 | ||
At fair value [member] | Debt instruments [member] | Level 3 [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 562,136 | ||
At fair value [member] | Equity instruments [member] | |||
Financial assets: | |||
Trading assets | 286,788 | ||
Financial liabilities: | |||
Trading liabilities | 162,834 | ||
At fair value [member] | Equity instruments [member] | Level 1 [member] | |||
Financial assets: | |||
Trading assets | 281,030 | ||
Financial liabilities: | |||
Trading liabilities | 66,896 | ||
At fair value [member] | Equity instruments [member] | Level 2 [member] | |||
Financial assets: | |||
Trading assets | 5,758 | ||
Financial liabilities: | |||
Trading liabilities | 95,938 | ||
At fair value [member] | Equity instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 20,730 | ||
At fair value [member] | Equity instruments [member] | Level 1 [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 1,810 | ||
At fair value [member] | Equity instruments [member] | Level 2 [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 209 | ||
At fair value [member] | Equity instruments [member] | Level 3 [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 18,711 | ||
At fair value [member] | Debt instruments [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 3,350,757 | ||
Trading assets | 2,841,148 | ||
Financial assets at fair value through profit or loss | 1,528,921 | ||
Financial liabilities: | |||
Trading liabilities | 2,008,711 | ||
At fair value [member] | Debt instruments [member] | Level 1 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 700,500 | ||
Trading assets | 2,424,460 | ||
Financial liabilities: | |||
Trading liabilities | 1,948,602 | ||
At fair value [member] | Debt instruments [member] | Level 2 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 2,650,103 | ||
Trading assets | 416,688 | ||
Financial assets at fair value through profit or loss | 1,518,778 | ||
Financial liabilities: | |||
Trading liabilities | 60,109 | ||
At fair value [member] | Debt instruments [member] | Level 3 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 154 | ||
Financial assets at fair value through profit or loss | 562,136 | 10,143 | |
At fair value [member] | Equity instruments [member] | |||
Financial assets: | |||
Trading assets | 327,975 | ||
Financial liabilities: | |||
Trading liabilities | 135,188 | ||
At fair value [member] | Equity instruments [member] | Level 1 [member] | |||
Financial assets: | |||
Trading assets | 307,942 | ||
Financial liabilities: | |||
Trading liabilities | 33,174 | ||
At fair value [member] | Equity instruments [member] | Level 2 [member] | |||
Financial assets: | |||
Trading assets | 20,033 | ||
Financial liabilities: | |||
Trading liabilities | 102,014 | ||
At fair value [member] | Interest rate derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 2,008,745 | 2,072,654 | |
Financial liabilities: | |||
Derivative financial instruments | 1,825,053 | 1,978,433 | |
At fair value [member] | Interest rate derivatives [member] | Level 1 [member] | |||
Financial assets: | |||
Derivative financial instruments | 68,942 | 38,760 | |
Financial liabilities: | |||
Derivative financial instruments | 49,170 | 30,760 | |
At fair value [member] | Interest rate derivatives [member] | Level 2 [member] | |||
Financial assets: | |||
Derivative financial instruments | 1,939,591 | 2,033,894 | |
Financial liabilities: | |||
Derivative financial instruments | 1,775,883 | 1,947,673 | |
At fair value [member] | Interest rate derivatives [member] | Level 3 [member] | |||
Financial assets: | |||
Derivative financial instruments | 212 | ||
At fair value [member] | Currency derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 1,286,910 | 1,724,401 | |
Financial liabilities: | |||
Derivative financial instruments | 1,112,778 | 1,406,792 | |
At fair value [member] | Currency derivatives [member] | Level 1 [member] | |||
Financial assets: | |||
Derivative financial instruments | 22 | ||
Financial liabilities: | |||
Derivative financial instruments | 19 | ||
At fair value [member] | Currency derivatives [member] | Level 2 [member] | |||
Financial assets: | |||
Derivative financial instruments | 1,286,614 | 1,724,387 | |
Financial liabilities: | |||
Derivative financial instruments | 1,112,769 | 1,406,759 | |
At fair value [member] | Currency derivatives [member] | Level 3 [member] | |||
Financial assets: | |||
Derivative financial instruments | 274 | 14 | |
Financial liabilities: | |||
Derivative financial instruments | 9 | 14 | |
At fair value [member] | Equity derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 63,617 | 71,344 | |
Financial liabilities: | |||
Derivative financial instruments | 96,170 | 105,349 | |
At fair value [member] | Equity derivatives [member] | Level 1 [member] | |||
Financial assets: | |||
Derivative financial instruments | 33,802 | 48,154 | |
Financial liabilities: | |||
Derivative financial instruments | 59,166 | 78,088 | |
At fair value [member] | Equity derivatives [member] | Level 2 [member] | |||
Financial assets: | |||
Derivative financial instruments | 25,579 | 21,310 | |
Financial liabilities: | |||
Derivative financial instruments | 37,004 | 27,261 | |
At fair value [member] | Equity derivatives [member] | Level 3 [member] | |||
Financial assets: | |||
Derivative financial instruments | 4,236 | 1,880 | |
At fair value [member] | Commodity derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 7,517 | 6,516 | |
Financial liabilities: | |||
Derivative financial instruments | 5,848 | 4,948 | |
At fair value [member] | Commodity derivatives [member] | Level 1 [member] | |||
Financial assets: | |||
Derivative financial instruments | 445 | 402 | |
Financial liabilities: | |||
Derivative financial instruments | 415 | 464 | |
At fair value [member] | Commodity derivatives [member] | Level 2 [member] | |||
Financial assets: | |||
Derivative financial instruments | 7,072 | 6,114 | |
Financial liabilities: | |||
Derivative financial instruments | 5,433 | 4,484 | |
At fair value [member] | Credit derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 15,785 | 12,049 | |
Financial liabilities: | |||
Derivative financial instruments | 11,924 | 8,465 | |
At fair value [member] | Credit derivatives [member] | Level 2 [member] | |||
Financial assets: | |||
Derivative financial instruments | 10,236 | 7,382 | |
Financial liabilities: | |||
Derivative financial instruments | 11,370 | 8,043 | |
At fair value [member] | Credit derivatives [member] | Level 3 [member] | |||
Financial assets: | |||
Derivative financial instruments | 5,549 | 4,667 | |
Financial liabilities: | |||
Derivative financial instruments | 554 | 422 | |
At fair value [member] | Equity instruments [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 5,948,792 | ||
Financial assets at fair value through profit or loss | 18,751 | ||
At fair value [member] | Equity instruments [member] | Level 1 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 4,307,274 | ||
Financial assets at fair value through profit or loss | 541 | ||
At fair value [member] | Equity instruments [member] | Level 2 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 797,166 | ||
Financial assets at fair value through profit or loss | 153 | ||
At fair value [member] | Equity instruments [member] | Level 3 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 844,352 | ||
Financial assets at fair value through profit or loss | 18,711 | 18,057 | |
Investment securities at fair value through other comprehensive income | 412,347 | ||
At fair value [member] | Japanese government bonds [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 7,685,303 | ||
Debt investments | 5,027,695 | ||
At fair value [member] | Japanese government bonds [member] | Level 1 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 7,685,303 | ||
Debt investments | 5,027,695 | ||
At fair value [member] | U.S. Treasury and other U.S. government agency bonds [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 3,246,646 | ||
Debt investments | 4,426,635 | ||
At fair value [member] | U.S. Treasury and other U.S. government agency bonds [member] | Level 1 [member] | |||
Financial assets: | |||
Available-for-sale financial assets | ¥ 3,246,646 | ||
Debt investments | 4,426,635 | ||
At fair value [member] | Investment securities [member] | |||
Financial assets: | |||
Equity instruments at fair value through other comprehensive income | 4,172,892 | ||
At fair value [member] | Investment securities [member] | Level 1 [member] | |||
Financial assets: | |||
Equity instruments at fair value through other comprehensive income | 3,749,430 | ||
At fair value [member] | Investment securities [member] | Level 2 [member] | |||
Financial assets: | |||
Equity instruments at fair value through other comprehensive income | 11,115 | ||
At fair value [member] | Investment securities [member] | Level 3 [member] | |||
Financial assets: | |||
Equity instruments at fair value through other comprehensive income | ¥ 412,347 |
Fair Value of Financial Asset_4
Fair Value of Financial Assets and Liabilities - Carrying Amounts of Financial Assets and Liabilities Carried at Fair Value (Parenthetical) (Detail) ¥ in Millions | Mar. 31, 2019JPY (¥) |
Equity instruments [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Assets held for sale categorized within Level 2 | ¥ 5,225 |
Assets held for sale categorized within Level 1 | 56,447 |
Assets held for sale categorized within Level 3 | 47,210 |
Interest rate derivatives [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Assets held for sale categorized within Level 2 | 533 |
Liabilities held for sale categorized within Level 2 | 5,401 |
Currency derivatives [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Assets held for sale categorized within Level 2 | 1,160 |
Liabilities held for sale categorized within Level 2 | ¥ 570 |
Fair Value of Financial Asset_5
Fair Value of Financial Assets and Liabilities - Reconciliations for Financial Assets and Liabilities Carried at Fair Value (Detail) - At fair value [member] - Level 3 [member] - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | ¥ 877,998 | ¥ 867,481 |
Total gains (losses), Included in profit or loss | 10,319 | 4,986 |
Total gains (losses), Included in other comprehensive income | 46,196 | |
Purchases | 73,673 | |
Sales | (11,768) | |
Settlement | (80,950) | |
Transfers into Level 3 | 325 | |
Transfers out of Level 3 | (21,945) | |
Ending balance | 877,998 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 8,954 | 730 |
Derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 6,125 | 4,061 |
Total gains (losses), Included in profit or loss | 9,163 | |
Total gains (losses), Included in other comprehensive income | (158) | |
Purchases | 517 | |
Sales | (1,027) | |
Settlement | (6,456) | |
Transfers into Level 3 | 25 | |
Ending balance | 6,125 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 9,601 | |
Derivatives [member] | Interest rate derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 2 | |
Total gains (losses), Included in profit or loss | (45) | |
Purchases | 43 | |
Derivatives [member] | Currency derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 1 | |
Total gains (losses), Included in profit or loss | (1) | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (1) | |
Derivatives [member] | Equity derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 1,880 | 1,327 |
Total gains (losses), Included in profit or loss | 1,106 | |
Purchases | 474 | |
Sales | (1,027) | |
Ending balance | 1,880 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 1,499 | |
Derivatives [member] | Credit derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 4,245 | 2,731 |
Total gains (losses), Included in profit or loss | 8,103 | |
Total gains (losses), Included in other comprehensive income | (158) | |
Settlement | (6,456) | |
Transfers into Level 3 | 25 | |
Ending balance | 4,245 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 8,103 | |
Financial assets at fair value through profit or loss [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 28,200 | 26,339 |
Total gains (losses), Included in profit or loss | (1,353) | |
Purchases | 4,915 | |
Sales | (648) | |
Settlement | (251) | |
Transfers out of Level 3 | (802) | |
Ending balance | 28,200 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (1,622) | |
Financial assets at fair value through profit or loss [member] | Debt instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 10,143 | 12,053 |
Total gains (losses), Included in profit or loss | (1,731) | |
Settlement | (149) | |
Transfers out of Level 3 | (30) | |
Ending balance | 10,143 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (1,731) | |
Financial assets at fair value through profit or loss [member] | Equity instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 18,057 | 14,286 |
Total gains (losses), Included in profit or loss | 378 | |
Purchases | 4,915 | |
Sales | (648) | |
Settlement | (102) | |
Transfers out of Level 3 | (772) | |
Ending balance | 18,057 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 109 | |
Others-liabilities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | (833) | 303 |
Total gains (losses), Included in profit or loss | (812) | |
Transfers into Level 3 | (324) | |
Ending balance | (833) | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (856) | |
Available-for-sale financial assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 844,506 | 836,778 |
Total gains (losses), Included in profit or loss | (2,012) | |
Total gains (losses), Included in other comprehensive income | 46,354 | |
Purchases | 68,241 | |
Sales | (10,093) | |
Settlement | (74,243) | |
Transfers into Level 3 | 624 | |
Transfers out of Level 3 | (21,143) | |
Ending balance | 844,506 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (6,393) | |
Available-for-sale financial assets [member] | Debt instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 154 | 526 |
Total gains (losses), Included in profit or loss | 1,600 | |
Total gains (losses), Included in other comprehensive income | (13) | |
Sales | (1,613) | |
Settlement | (346) | |
Ending balance | 154 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (13) | |
Available-for-sale financial assets [member] | Equity instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 844,352 | 836,252 |
Total gains (losses), Included in profit or loss | (3,612) | |
Total gains (losses), Included in other comprehensive income | 46,367 | |
Purchases | 68,241 | |
Sales | (8,480) | |
Settlement | (73,897) | |
Transfers into Level 3 | 624 | |
Transfers out of Level 3 | (21,143) | |
Ending balance | 844,352 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (6,380) | |
IFRS 9 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 1,038,759 | |
Total gains (losses), Included in profit or loss | 10,319 | |
Total gains (losses), Included in other comprehensive income | (43,189) | |
Purchases | 270,496 | |
Sales | (136,843) | |
Settlement | (133,469) | |
Transfers into Level 3 | 116 | |
Transfers out of Level 3 | (2,852) | |
Ending balance | 1,003,337 | 1,038,759 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 8,954 | |
IFRS 9 [member] | Derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 6,125 | |
Total gains (losses), Included in profit or loss | 11,020 | |
Total gains (losses), Included in other comprehensive income | 142 | |
Purchases | 1,194 | |
Sales | (3,741) | |
Settlement | (5,032) | |
Ending balance | 9,708 | 6,125 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 9,013 | |
IFRS 9 [member] | Derivatives [member] | Interest rate derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses), Included in profit or loss | 145 | |
Purchases | 72 | |
Sales | (5) | |
Ending balance | 212 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 212 | |
IFRS 9 [member] | Derivatives [member] | Currency derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses), Included in profit or loss | 70 | |
Purchases | 195 | |
Ending balance | 265 | |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 70 | |
IFRS 9 [member] | Derivatives [member] | Equity derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 1,880 | |
Total gains (losses), Included in profit or loss | 5,165 | |
Purchases | 927 | |
Sales | (3,736) | |
Ending balance | 4,236 | 1,880 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 3,071 | |
IFRS 9 [member] | Derivatives [member] | Credit derivatives [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 4,245 | |
Total gains (losses), Included in profit or loss | 5,640 | |
Total gains (losses), Included in other comprehensive income | 142 | |
Settlement | (5,032) | |
Ending balance | 4,995 | 4,245 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 5,660 | |
IFRS 9 [member] | Financial assets at fair value through profit or loss [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 553,338 | |
Total gains (losses), Included in profit or loss | (1,927) | |
Total gains (losses), Included in other comprehensive income | 24 | |
Purchases | 261,733 | |
Sales | (124,298) | |
Settlement | (107,349) | |
Transfers into Level 3 | 74 | |
Transfers out of Level 3 | (748) | |
Ending balance | 580,847 | 553,338 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (1,218) | |
IFRS 9 [member] | Financial assets at fair value through profit or loss [member] | Debt instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 536,357 | |
Total gains (losses), Included in profit or loss | (193) | |
Total gains (losses), Included in other comprehensive income | 24 | |
Purchases | 256,214 | |
Sales | (123,589) | |
Settlement | (106,677) | |
Ending balance | 562,136 | 536,357 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | 819 | |
IFRS 9 [member] | Financial assets at fair value through profit or loss [member] | Equity instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 16,981 | |
Total gains (losses), Included in profit or loss | (1,734) | |
Purchases | 5,519 | |
Sales | (709) | |
Settlement | (672) | |
Transfers into Level 3 | 74 | |
Transfers out of Level 3 | (748) | |
Ending balance | 18,711 | 16,981 |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | (2,037) | |
IFRS 9 [member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 480,129 | |
Total gains (losses), Included in other comprehensive income | (43,355) | |
Purchases | 7,569 | |
Sales | (8,804) | |
Settlement | (21,088) | |
Transfers out of Level 3 | (2,104) | |
Ending balance | 412,347 | 480,129 |
IFRS 9 [member] | Financial assets at fair value through other comprehensive income, category [member] | Debt instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 154 | |
Transfers out of Level 3 | (154) | |
Ending balance | 154 | |
IFRS 9 [member] | Financial assets at fair value through other comprehensive income, category [member] | Equity instruments [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | 479,975 | |
Total gains (losses), Included in other comprehensive income | (43,355) | |
Purchases | 7,569 | |
Sales | (8,804) | |
Settlement | (21,088) | |
Transfers out of Level 3 | (1,950) | |
Ending balance | 412,347 | 479,975 |
IFRS 9 [member] | Others-liabilities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Beginning balance | (833) | |
Total gains (losses), Included in profit or loss | 1,226 | |
Transfers into Level 3 | 42 | |
Ending balance | 435 | ¥ (833) |
Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at ending balance | ¥ 1,159 |
Fair Value of Financial Asset_6
Fair Value of Financial Assets and Liabilities - Reconciliations for Financial Assets and Liabilities Carried at Fair Value (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about financial instruments [abstract] | ||
Transfers out of Level 3 | ¥ 2,852 | ¥ 21,945 |
Fair Value of Financial Asset_7
Fair Value of Financial Assets and Liabilities - Total and Changes in Unrealized Gains or Losses Included in Profit or Loss for Level 3 Financial Assets and Liabilities (Detail) - At fair value [member] - Level 3 [member] - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses) included in profit or loss | ¥ 10,319 | ¥ 4,986 |
Changes in unrealized gains(losses) included in profit or loss related to assets and liabilities held | 8,954 | 730 |
Net interest income [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses) included in profit or loss | 2,357 | 1,273 |
Changes in unrealized gains(losses) included in profit or loss related to assets and liabilities held | 2,113 | 762 |
Net trading income (loss) [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses) included in profit or loss | 9,889 | 7,064 |
Changes in unrealized gains(losses) included in profit or loss related to assets and liabilities held | 8,059 | 7,970 |
Net income (loss) from financial assets at fair value through profit or loss [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses) included in profit or loss | (1,927) | (1,353) |
Changes in unrealized gains(losses) included in profit or loss related to assets and liabilities held | ¥ (1,218) | (1,622) |
Net investment income [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses) included in profit or loss | 4,399 | |
Impairment charges on financial assets [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Total gains (losses) included in profit or loss | (6,397) | |
Changes in unrealized gains(losses) included in profit or loss related to assets and liabilities held | ¥ (6,380) |
Fair Value of Financial Asset_8
Fair Value of Financial Assets and Liabilities - Summary of Aggregate Deferred Day One Profit (Detail) ¥ in Millions | 12 Months Ended |
Mar. 31, 2019JPY (¥) | |
Disclosure of detailed information about financial instruments [abstract] | |
Balance at beginning of period | ¥ 7,408 |
Increase due to new trades | 2,054 |
Reduction due to redemption, sales or passage of time | (4,177) |
Balance at end of period | ¥ 5,285 |
Fair Value of Financial Asset_9
Fair Value of Financial Assets and Liabilities - Quantitative Information about Significant Unobservable Inputs Used in Fair Value Measurement for Level 3 Financial Assets and Liabilities (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Apr. 01, 2018 | |
Financial assets: | |||
Derivative financial instruments | ¥ 3,382,574 | ¥ 3,885,271 | ¥ 3,885,271 |
Available-for-sale financial assets | 20,122,616 | ||
Financial liabilities: | |||
Derivative financial instruments | 3,051,773 | 3,498,016 | ¥ 3,498,016 |
Others | 5,596,513 | 6,691,042 | |
At fair value [member] | |||
Financial assets: | |||
Derivative financial instruments | 3,382,574 | 3,886,964 | |
Investment securities at fair value through other comprehensive income | 17,506,113 | ||
Available-for-sale financial assets | 20,231,498 | ||
Financial liabilities: | |||
Derivative financial instruments | 3,051,773 | 3,503,987 | |
Others | (2,294) | 7,492 | |
At fair value [member] | Currency derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 1,286,910 | 1,724,401 | |
Financial liabilities: | |||
Derivative financial instruments | 1,112,778 | 1,406,792 | |
At fair value [member] | Equity derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 63,617 | 71,344 | |
Financial liabilities: | |||
Derivative financial instruments | 96,170 | 105,349 | |
At fair value [member] | Credit derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 15,785 | 12,049 | |
Financial liabilities: | |||
Derivative financial instruments | 11,924 | 8,465 | |
At fair value [member] | Debt instruments [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 3,350,757 | ||
At fair value [member] | Equity instruments [member] | |||
Financial assets: | |||
Available-for-sale financial assets | 5,948,792 | ||
At fair value [member] | Level 3 [member] | |||
Financial assets: | |||
Derivative financial instruments | 10,271 | 6,561 | |
Investment securities at fair value through other comprehensive income | 412,347 | ||
Available-for-sale financial assets | 844,506 | ||
Financial liabilities: | |||
Derivative financial instruments | 563 | 436 | |
Others | (435) | 833 | |
At fair value [member] | Level 3 [member] | Interest Rate Derivatives [Member] | |||
Financial assets: | |||
Derivative financial instruments | 212 | ||
At fair value [member] | Level 3 [member] | Currency derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 274 | 14 | |
Financial liabilities: | |||
Derivative financial instruments | 9 | 14 | |
At fair value [member] | Level 3 [member] | Equity derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 4,236 | 1,880 | |
At fair value [member] | Level 3 [member] | Credit derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 5,549 | 4,667 | |
Financial liabilities: | |||
Derivative financial instruments | 554 | 422 | |
At fair value [member] | Level 3 [member] | Debt instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 562,136 | 10,143 | |
Available-for-sale financial assets | 154 | ||
At fair value [member] | Level 3 [member] | Equity instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 18,711 | 18,057 | |
Investment securities at fair value through other comprehensive income | ¥ 412,347 | ||
Available-for-sale financial assets | ¥ 844,352 | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Interest Rate Derivatives [Member] | Option pricing model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Interest rate to interest rate correlation | 53.00% | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Interest Rate Derivatives [Member] | Option pricing model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Interest rate to interest rate correlation | 100.00% | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Currency derivatives [member] | Option pricing model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Foreign exchange volatility | 8.00% | 10.00% | |
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Currency derivatives [member] | Option pricing model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Foreign exchange volatility | 14.00% | 14.00% | |
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Currency derivatives [member] | Credit default model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Interest rate to interest rate correlation | 69.00% | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Currency derivatives [member] | Credit default model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Interest rate to interest rate correlation | 83.00% | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Equity derivatives [member] | Option pricing model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 22.00% | 11.00% | |
Equity to equity correlation | 45.00% | 45.00% | |
Quanto correlation | (28.00%) | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Equity derivatives [member] | Option pricing model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 81.00% | 52.00% | |
Equity to equity correlation | 94.00% | 94.00% | |
Quanto correlation | 42.00% | ||
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Credit derivatives [member] | Credit default model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Quanto correlation | 15.00% | 15.00% | |
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Credit derivatives [member] | Credit default model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Quanto correlation | 90.00% | 90.00% | |
At fair value [member] | Level 3 [member] | Derivative financial assets [member] | Credit derivatives [member] | CDO pricing model [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Additional withdrawal ratio | 47.00% | 48.00% | |
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Debt instruments [member] | Monte Carlo simulation model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 10.00% | 12.00% | |
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Debt instruments [member] | Monte Carlo simulation model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 42.00% | 25.00% | |
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Debt instruments [member] | Discounted cash flow [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Probability of default rate | 0.00% | ||
Loss given default rate | 20.00% | ||
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Debt instruments [member] | Discounted cash flow [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Probability of default rate | 41.00% | ||
Loss given default rate | 100.00% | ||
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Equity instruments [member] | Market comparable companies [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
EV/EBITDA multiple | 4.8 | 8.7 | |
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Equity instruments [member] | Market comparable companies [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Price/Earnings multiple | 7.5 | 8.3 | |
Liquidity discount | 0.00% | 0.00% | |
At fair value [member] | Level 3 [member] | Financial assets at fair value through profit or loss [member] | Equity instruments [member] | Market comparable companies [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Price/Earnings multiple | 13.4 | 19.5 | |
Liquidity discount | 20.00% | 20.00% | |
At fair value [member] | Level 3 [member] | Financial assets at fair value through other comprehensive income, category [member] | Equity instruments [member] | Market comparable companies [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Liquidity discount | 20.00% | ||
At fair value [member] | Level 3 [member] | Financial assets at fair value through other comprehensive income, category [member] | Equity instruments [member] | Market comparable companies [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Price/Book value multiple | 0.2 | ||
Price/Earnings multiple | 7.9 | ||
EV/EBITDA multiple | 6.3 | ||
At fair value [member] | Level 3 [member] | Financial assets at fair value through other comprehensive income, category [member] | Equity instruments [member] | Market comparable companies [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Price/Book value multiple | 2.3 | ||
Price/Earnings multiple | 31.3 | ||
EV/EBITDA multiple | 14.4 | ||
At fair value [member] | Level 3 [member] | Derivative financial liabilities [member] | Currency derivatives [member] | Option pricing model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Foreign exchange volatility | 9.00% | 10.00% | |
At fair value [member] | Level 3 [member] | Derivative financial liabilities [member] | Currency derivatives [member] | Option pricing model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Foreign exchange volatility | 14.00% | 14.00% | |
At fair value [member] | Level 3 [member] | Derivative financial liabilities [member] | Credit derivatives [member] | Credit default model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Quanto correlation | 20.00% | 20.00% | |
At fair value [member] | Level 3 [member] | Derivative financial liabilities [member] | Credit derivatives [member] | Credit default model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Quanto correlation | 30.00% | 30.00% | |
At fair value [member] | Level 3 [member] | Others-liabilities [member] | Option pricing model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 29.00% | 23.00% | |
Equity to equity correlation | 45.00% | 45.00% | |
Interest rate to interest rate correlation | 22.00% | 31.00% | |
Quanto correlation | (28.00%) | ||
At fair value [member] | Level 3 [member] | Others-liabilities [member] | Option pricing model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 44.00% | 38.00% | |
Equity to equity correlation | 94.00% | 94.00% | |
Interest rate to interest rate correlation | 100.00% | 100.00% | |
Quanto correlation | 59.00% | ||
At fair value [member] | Level 3 [member] | Others-liabilities [member] | Credit derivatives [member] | Credit default model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Quanto correlation | 15.00% | 15.00% | |
At fair value [member] | Level 3 [member] | Others-liabilities [member] | Credit derivatives [member] | Credit default model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Quanto correlation | 90.00% | 90.00% | |
At fair value [member] | Level 3 [member] | Available-for-sale financial assets [member] | Debt instruments [member] | Discounted cash flow [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Discount margin | 8.00% | ||
At fair value [member] | Level 3 [member] | Available-for-sale financial assets [member] | Equity instruments [member] | Monte Carlo simulation model [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 42.00% | ||
At fair value [member] | Level 3 [member] | Available-for-sale financial assets [member] | Equity instruments [member] | Monte Carlo simulation model [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Volatility | 51.00% | ||
At fair value [member] | Level 3 [member] | Available-for-sale financial assets [member] | Equity instruments [member] | Market comparable companies [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Liquidity discount | 20.00% | ||
At fair value [member] | Level 3 [member] | Available-for-sale financial assets [member] | Equity instruments [member] | Market comparable companies [member] | Minimum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Price/Book value multiple | 0.3 | ||
Price/Earnings multiple | 11.7 | ||
EV/EBITDA multiple | 5.4 | ||
At fair value [member] | Level 3 [member] | Available-for-sale financial assets [member] | Equity instruments [member] | Market comparable companies [member] | Maximum [member] | |||
Disclosure of significant unobservable inputs used in fair value measurement [Abstract] | |||
Price/Book value multiple | 2.4 | ||
Price/Earnings multiple | 31.4 | ||
EV/EBITDA multiple | 16.8 |
Fair Value of Financial Asse_10
Fair Value of Financial Assets and Liabilities - Impact of Valuation Sensitivity (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Apr. 01, 2018 | |
Financial assets: | |||
Derivative financial instruments | ¥ 3,382,574 | ¥ 3,885,271 | ¥ 3,885,271 |
Financial assets at fair value through profit or loss | 2,641,416 | 1,547,672 | 3,110,375 |
Available-for-sale financial assets | 20,122,616 | ||
Financial liabilities: | |||
Derivative financial instruments | 3,051,773 | 3,498,016 | ¥ 3,498,016 |
Others | 5,596,513 | 6,691,042 | |
At fair value [member] | |||
Financial assets: | |||
Derivative financial instruments | 3,382,574 | 3,886,964 | |
Financial assets at fair value through profit or loss | 2,641,416 | 1,547,672 | |
Investment securities at fair value through other comprehensive income | 17,506,113 | ||
Available-for-sale financial assets | 20,231,498 | ||
Financial liabilities: | |||
Derivative financial instruments | 3,051,773 | 3,503,987 | |
Others | (2,294) | 7,492 | |
At fair value [member] | Interest rate derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 2,008,745 | 2,072,654 | |
Financial liabilities: | |||
Derivative financial instruments | 1,825,053 | 1,978,433 | |
At fair value [member] | Currency derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 1,286,910 | 1,724,401 | |
Financial liabilities: | |||
Derivative financial instruments | 1,112,778 | 1,406,792 | |
At fair value [member] | Equity derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 63,617 | 71,344 | |
Financial liabilities: | |||
Derivative financial instruments | 96,170 | 105,349 | |
At fair value [member] | Credit derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 15,785 | 12,049 | |
Financial liabilities: | |||
Derivative financial instruments | 11,924 | 8,465 | |
At fair value [member] | Debt instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 1,528,921 | ||
Available-for-sale financial assets | 3,350,757 | ||
At fair value [member] | Equity instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 18,751 | ||
Available-for-sale financial assets | 5,948,792 | ||
At fair value [member] | Level 3 [member] | |||
Financial assets: | |||
Derivative financial instruments | 10,271 | 6,561 | |
Financial assets at fair value through profit or loss | 580,847 | 28,200 | |
Investment securities at fair value through other comprehensive income | 412,347 | ||
Available-for-sale financial assets | 844,506 | ||
Financial liabilities: | |||
Derivative financial instruments | 563 | 436 | |
Others | (435) | 833 | |
At fair value [member] | Level 3 [member] | Interest rate derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 212 | ||
At fair value [member] | Level 3 [member] | Currency derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 274 | 14 | |
Financial liabilities: | |||
Derivative financial instruments | 9 | 14 | |
At fair value [member] | Level 3 [member] | Equity derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 4,236 | 1,880 | |
At fair value [member] | Level 3 [member] | Credit derivatives [member] | |||
Financial assets: | |||
Derivative financial instruments | 5,549 | 4,667 | |
Financial liabilities: | |||
Derivative financial instruments | 554 | 422 | |
At fair value [member] | Level 3 [member] | Debt instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 562,136 | 10,143 | |
Available-for-sale financial assets | 154 | ||
At fair value [member] | Level 3 [member] | Equity instruments [member] | |||
Financial assets: | |||
Financial assets at fair value through profit or loss | 18,711 | 18,057 | |
Investment securities at fair value through other comprehensive income | 412,347 | ||
Available-for-sale financial assets | 844,352 | ||
At fair value [member] | Derivative financial assets [member] | Level 3 [member] | Interest rate derivatives [member] | Recorded in profit and loss [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 2 | ||
Financial assets, Unfavorable changes | 14 | ||
At fair value [member] | Derivative financial assets [member] | Level 3 [member] | Currency derivatives [member] | Recorded in profit and loss [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 14 | 80 | |
Financial assets, Unfavorable changes | 21 | 1 | |
At fair value [member] | Derivative financial assets [member] | Level 3 [member] | Equity derivatives [member] | Recorded in profit and loss [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 541 | 271 | |
Financial assets, Unfavorable changes | 530 | 310 | |
At fair value [member] | Derivative financial assets [member] | Level 3 [member] | Credit derivatives [member] | Recorded in profit and loss [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 2,008 | 4,515 | |
Financial assets, Unfavorable changes | 5,904 | 11,765 | |
At fair value [member] | Financial assets at fair value through profit or loss [member] | Level 3 [member] | Debt instruments [member] | Recorded in profit and loss [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 4,038 | 278 | |
Financial assets, Unfavorable changes | 11,636 | ||
At fair value [member] | Financial assets at fair value through profit or loss [member] | Level 3 [member] | Equity instruments [member] | Recorded in profit and loss [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 34 | 361 | |
Financial assets, Unfavorable changes | 34 | 336 | |
At fair value [member] | Financial assets at fair value through other comprehensive income, category [member] | Level 3 [member] | Equity instruments [member] | Recorded in equity [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 11,843 | ||
Financial assets, Unfavorable changes | 10,848 | ||
At fair value [member] | Derivative financial liabilities [member] | Level 3 [member] | Currency derivatives [member] | Recorded in profit and loss [member] | |||
Financial liabilities: | |||
Financial liabilities, Favorable changes | 1 | 2 | |
Financial liabilities, Unfavorable changes | 1 | 80 | |
At fair value [member] | Derivative financial liabilities [member] | Level 3 [member] | Credit derivatives [member] | Recorded in profit and loss [member] | |||
Financial liabilities: | |||
Financial liabilities, Favorable changes | 32 | 35 | |
Financial liabilities, Unfavorable changes | 32 | 35 | |
At fair value [member] | Others-liabilities [member] | Level 3 [member] | Recorded in profit and loss [member] | |||
Financial liabilities: | |||
Financial liabilities, Favorable changes | 1,651 | 1,375 | |
Financial liabilities, Unfavorable changes | ¥ 2,650 | 3,090 | |
At fair value [member] | Available-for-sale financial assets [member] | Level 3 [member] | Debt instruments [member] | Recorded in equity [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 4 | ||
Financial assets, Unfavorable changes | 2 | ||
At fair value [member] | Available-for-sale financial assets [member] | Level 3 [member] | Equity instruments [member] | Recorded in equity [member] | |||
Financial assets: | |||
Financial assets, Favorable changes | 26,835 | ||
Financial assets, Unfavorable changes | ¥ 25,290 |
Fair Value of Financial Asse_11
Fair Value of Financial Assets and Liabilities - Financial Assets and Liabilities Not Carried at Fair Value (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Financial assets: | ||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 |
Call loans and bills bought: | ||||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | 8,491,703 | |
Investment securities: | ||||
Held-to-maturity investments | 372,459 | |||
Debt instruments at amortized cost | 318,914 | |||
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 | |
Other financial assets | 3,609,129 | 3,598,642 | ||
Financial assets included in assets held for sale | 3,208,771 | |||
Call money and bills sold: | ||||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | 12,022,593 | |
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | |
Debt securities in issue | 11,171,209 | ¥ 10,569,117 | 10,569,117 | |
Other financial liabilities | 5,596,513 | 6,691,042 | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 3,377,527 | |||
Carrying value [member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 57,763,441 | 54,696,069 | ||
Call loans and bills bought: | ||||
Call loans | 2,459,098 | 1,858,802 | ||
Bills bought | 6,647 | 23,078 | ||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | ||
Investment securities: | ||||
Held-to-maturity investments | 372,459 | |||
Debt instruments at amortized cost | 318,914 | |||
Loans and advances | 90,682,938 | 85,129,070 | ||
Other financial assets | 3,609,129 | 3,598,642 | ||
Financial assets included in assets held for sale | 3,098,196 | |||
Deposits: | ||||
Non-interest-bearing deposits, demand deposits and deposits at notice | 89,969,579 | 84,121,443 | ||
Other deposits | 44,435,073 | 44,340,084 | ||
Call money and bills sold: | ||||
Call money | 1,307,779 | 1,190,929 | ||
Bills sold | 0 | 0 | ||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | ||
Borrowings | 12,167,858 | 10,652,481 | ||
Debt securities in issue | 11,171,209 | 10,569,117 | ||
Other financial liabilities | 5,596,513 | 6,691,042 | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 3,371,556 | |||
Not carried at fair value [member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 57,766,549 | 54,708,231 | ||
Call loans and bills bought: | ||||
Call loans | 2,459,774 | 1,859,176 | ||
Bills bought | 6,645 | 23,051 | ||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,889 | 8,491,858 | ||
Investment securities: | ||||
Held-to-maturity investments | 374,597 | |||
Debt instruments at amortized cost | 319,871 | |||
Loans and advances | 93,451,467 | 87,538,646 | ||
Other financial assets | 3,606,414 | 3,595,216 | ||
Financial assets included in assets held for sale | 3,224,902 | |||
Deposits: | ||||
Non-interest-bearing deposits, demand deposits and deposits at notice | 89,970,579 | 84,121,124 | ||
Other deposits | 44,435,139 | 44,339,583 | ||
Call money and bills sold: | ||||
Call money | 1,307,710 | 1,190,936 | ||
Bills sold | 0 | 0 | ||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | ||
Borrowings | 12,268,394 | 10,761,610 | ||
Debt securities in issue | 11,304,119 | 10,767,745 | ||
Other financial liabilities | 5,596,506 | 6,691,016 | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 3,380,139 | |||
Not carried at fair value [member] | Level 1 [member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 56,716,529 | 53,401,133 | ||
Investment securities: | ||||
Held-to-maturity investments | 374,597 | |||
Debt instruments at amortized cost | 281,136 | |||
Financial assets included in assets held for sale | 3,824 | |||
Call money and bills sold: | ||||
Bills sold | 0 | 0 | ||
Not carried at fair value [member] | Level 2 [member] | ||||
Financial assets: | ||||
Cash and deposits with banks | 1,050,020 | 1,307,098 | ||
Call loans and bills bought: | ||||
Call loans | 2,459,774 | 1,859,176 | ||
Bills bought | 6,645 | 23,051 | ||
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,889 | 8,491,858 | ||
Investment securities: | ||||
Debt instruments at amortized cost | 38,735 | |||
Loans and advances | 290,997 | 258,673 | ||
Other financial assets | 3,551,947 | 3,429,143 | ||
Financial assets included in assets held for sale | 84,058 | |||
Deposits: | ||||
Non-interest-bearing deposits, demand deposits and deposits at notice | 89,970,579 | 84,121,124 | ||
Other deposits | 44,435,139 | 44,339,583 | ||
Call money and bills sold: | ||||
Call money | 1,307,710 | 1,190,936 | ||
Bills sold | 0 | 0 | ||
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | ||
Borrowings | 12,244,136 | 10,739,893 | ||
Debt securities in issue | 11,037,252 | 10,587,917 | ||
Other financial liabilities | 5,553,389 | 6,571,846 | ||
Financial liabilities included in liabilities directly associated with the assets held for sale | 3,380,139 | |||
Not carried at fair value [member] | Level 3 [member] | ||||
Investment securities: | ||||
Loans and advances | 93,160,470 | 87,279,973 | ||
Other financial assets | 54,467 | 166,073 | ||
Financial assets included in assets held for sale | 3,137,020 | |||
Call money and bills sold: | ||||
Bills sold | 0 | 0 | ||
Borrowings | 24,258 | 21,717 | ||
Debt securities in issue | 266,867 | 179,828 | ||
Other financial liabilities | ¥ 43,117 | ¥ 119,170 |
Offsetting of Financial Asset_3
Offsetting of Financial Assets and Liabilities - Summary of Offsetting of Financial Assets and Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of offsetting of financial assets and liabilities [Line Items] | ||
Financial assets, Gross amounts of recognized financial assets and liabilities | ¥ 15,344,537 | ¥ 14,076,436 |
Financial assets, Gross amounts offset in statement of financial position | (1,615,969) | (1,699,462) |
Financial assets, Net amounts presented in statement of financial position | 13,728,568 | 12,376,974 |
Financial assets, Related amounts not offset in statement of financial position, Financial instruments | (12,042,167) | (10,458,050) |
Financial assets, Related amounts not offset in statement of financial position, Cash collateral | (316,886) | (479,814) |
Financial assets, Net amounts | 1,369,515 | 1,439,110 |
Financial liabilities, Gross amounts of recognized financial assets and liabilities | 17,647,919 | 17,404,249 |
Financial liabilities, Gross amounts offset in statement of financial position | (1,708,897) | (1,883,640) |
Financial liabilities, Net amounts presented in statement of financial position | 15,939,022 | 15,520,609 |
Financial liabilities, Related amounts not offset in statement of financial position, Financial instruments | (14,689,071) | (14,029,125) |
Financial liabilities, Related amounts not offset in statement of financial position, Cash collateral | (472,156) | (587,693) |
Financial liabilities, Net amounts | 777,795 | 903,791 |
Repurchase agreements and cash collateral on securities lent [Member] | ||
Disclosure of offsetting of financial assets and liabilities [Line Items] | ||
Financial liabilities, Gross amounts of recognized financial assets and liabilities | 14,003,938 | 12,877,484 |
Financial liabilities, Gross amounts offset in statement of financial position | (1,116,689) | (854,891) |
Financial liabilities, Net amounts presented in statement of financial position | 12,887,249 | 12,022,593 |
Financial liabilities, Related amounts not offset in statement of financial position, Financial instruments | (12,885,505) | (12,019,290) |
Financial liabilities, Net amounts | 1,744 | 3,303 |
Derivative financial liabilities [member] | ||
Disclosure of offsetting of financial assets and liabilities [Line Items] | ||
Financial liabilities, Gross amounts of recognized financial assets and liabilities | 3,643,981 | 4,526,765 |
Financial liabilities, Gross amounts offset in statement of financial position | (592,208) | (1,028,749) |
Financial liabilities, Net amounts presented in statement of financial position | 3,051,773 | 3,498,016 |
Financial liabilities, Related amounts not offset in statement of financial position, Financial instruments | (1,803,566) | (2,009,835) |
Financial liabilities, Related amounts not offset in statement of financial position, Cash collateral | (472,156) | (587,693) |
Financial liabilities, Net amounts | 776,051 | 900,488 |
Reverse repurchase agreements and cash collateral on securities borrowed [member] | ||
Disclosure of offsetting of financial assets and liabilities [Line Items] | ||
Financial assets, Gross amounts of recognized financial assets and liabilities | 11,462,683 | 9,346,594 |
Financial assets, Gross amounts offset in statement of financial position | (1,116,689) | (854,891) |
Financial assets, Net amounts presented in statement of financial position | 10,345,994 | 8,491,703 |
Financial assets, Related amounts not offset in statement of financial position, Financial instruments | (10,243,455) | (8,458,707) |
Financial assets, Net amounts | 102,539 | 32,996 |
Derivative financial assets [member] | ||
Disclosure of offsetting of financial assets and liabilities [Line Items] | ||
Financial assets, Gross amounts of recognized financial assets and liabilities | 3,881,854 | 4,729,842 |
Financial assets, Gross amounts offset in statement of financial position | (499,280) | (844,571) |
Financial assets, Net amounts presented in statement of financial position | 3,382,574 | 3,885,271 |
Financial assets, Related amounts not offset in statement of financial position, Financial instruments | (1,798,712) | (1,999,343) |
Financial assets, Related amounts not offset in statement of financial position, Cash collateral | (316,886) | (479,814) |
Financial assets, Net amounts | ¥ 1,266,976 | ¥ 1,406,114 |
Financial Risk Management - Max
Financial Risk Management - Maximum Exposure to Credit Risk before Collateral Held or Other Credit Enhancements (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | ¥ 258,074,479 | ¥ 247,637,992 |
Deposits with banks [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 56,700,489 | 53,992,931 |
Call loans and bills bought [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 2,465,745 | 1,881,880 |
Reverse repurchase agreements and cash collateral on securities borrowed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 10,345,994 | 8,491,703 |
Trading assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 2,480,903 | 2,841,148 |
Derivatives [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 3,382,574 | 3,885,271 |
Financial assets at fair value through profit or loss [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 2,620,686 | 1,528,921 |
Debt investment securities at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 318,914 | 372,459 |
Available-for-sale financial assets [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 13,333,221 | 14,282,706 |
Debt securities at amortized cost [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 0 | |
Debt securities at fair value through other comprehensive income [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 0 | |
Loans and advances [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 90,682,938 | 85,129,070 |
Other financial asset [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 3,609,129 | 3,598,642 |
Financial assets included in assets held for sale [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 3,099,888 | |
Loan commitments [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | 62,724,820 | 60,107,128 |
Financial guarantees and other credit-related contingent liabilities [Member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk before collateral held or other credit enhancements | ¥ 9,409,066 | ¥ 8,426,245 |
Financial Risk Management - Fin
Financial Risk Management - Financial Effect of Collateral and Other Credit Enhancements on Loans and Advances for Borrowers Requiring Caution and Impaired Loans and Advances (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Disclosure of credit risk exposure [abstract] | ||
Impaired loans and advances | ¥ 882,018 | |
Loans and advances for borrowers requiring caution and impaired loans and advances | ¥ 1,965,681 | |
Financial effect of collateral and other credit enhancements | ¥ 325,896 | ¥ 959,015 |
Financial Risk Management - Loa
Financial Risk Management - Loans and Advances by Geographical Sector (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Americas [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 12,382,463 | 11,221,244 | |
Gross carrying amount [member] | Europe [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,988,133 | 4,949,471 | |
Gross carrying amount [member] | Asia [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 9,720,884 | 8,423,747 | |
Gross carrying amount [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,598,673 | 3,434,838 | |
Gross carrying amount [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 31,690,153 | 28,029,300 | |
Unearned income, unamortized premiums - net and deferred loan fees - net [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | (258,392) | (239,181) | |
Allowance for loan losses [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ (604,988) | ¥ (491,676) |
Financial Risk Management - L_2
Financial Risk Management - Loans and Advances by Industry Sector (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 8,522,451 | 7,961,620 | |
Gross carrying amount [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 288,099 | 145,957 | |
Gross carrying amount [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 918,617 | 947,765 | |
Gross carrying amount [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,596,935 | 5,424,054 | |
Gross carrying amount [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,281,596 | 5,288,767 | |
Gross carrying amount [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,129,666 | 2,777,862 | |
Gross carrying amount [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 10,126,531 | 9,017,664 | |
Gross carrying amount [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,328,173 | 4,255,228 | |
Gross carrying amount [member] | Domestic [member] | Municipalities [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 866,373 | 1,000,286 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Domestic [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 9,030 | 14,629 | |
Gross carrying amount [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,601,499 | 4,633,306 | |
Gross carrying amount [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 31,690,153 | 28,029,300 | |
Gross carrying amount [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 360,875 | 372,008 | |
Gross carrying amount [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,382,130 | 4,496,646 | |
Gross carrying amount [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 23,285,374 | 21,023,885 | |
Gross carrying amount [member] | Foreign [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 344,958 | 357,660 | |
Gross carrying amount [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,316,816 | 1,779,101 | |
Unearned income, unamortized premiums - net and deferred loan fees - net [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | (258,392) | (239,181) | |
Allowance for loan losses [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ (604,988) | ¥ (491,676) |
Financial Risk Management - L_3
Financial Risk Management - Loans and Advances by Industry Sector (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Housing loan [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 11,216,711 | ¥ 11,482,678 |
Financial Risk Management - Dis
Financial Risk Management - Disaggregation of Structured Finance Loans and Advances (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Real estate finance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,493,748 | 2,421,408 | |
Project finance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,978,779 | 3,976,222 | |
Other structured finance [Member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 387,400 | 374,430 | |
Structured finance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 6,859,927 | ¥ 6,772,060 |
Financial Risk Management - Sec
Financial Risk Management - Secured and Unsecured Consumer Loans (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | Secured loans [Member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 12,008,728 | 12,255,845 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | Unsecured loans [Member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 4,178,467 | ¥ 4,107,644 |
Financial Risk Management - S_2
Financial Risk Management - Secured and Unsecured Consumer Loans (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Housing loan [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 11,216,711 | 11,482,678 | |
Gross carrying amount [member] | Secured loans [Member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 12,008,728 | 12,255,845 | |
Gross carrying amount [member] | Secured loans [Member] | Housing loan [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 11,216,711 | ¥ 11,482,678 |
Financial Risk Management - Sum
Financial Risk Management - Summary of Loans and Advances at Amortized Cost (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | |||||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | |
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 | |||
Adjust: Unearned income, unamortized premiums-net and deferred loan fees-net | (258,392) | (239,181) | ||||
Allowance for loan losses | ¥ (491,676) | ¥ (680,456) | ¥ (722,717) | (491,676) | ||
Allowance for loan losses at beginning of period | 491,676 | 680,456 | 722,717 | |||
Provision (credit) for loan losses | 122,927 | 126,623 | 141,457 | |||
Charge-offs | 185,060 | 190,508 | ||||
Recoveries | 10,232 | 10,297 | ||||
Net charge-offs | 174,828 | 180,211 | ||||
Others | (140,575) | (3,507) | ||||
Allowance for loan losses at end of period | 491,676 | 680,456 | ||||
Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 91,546,318 | 85,859,927 | ||||
Allowance for loan losses [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | (604,988) | (491,676) | ||||
Loan commitments and financial guarantees [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for off-balance sheet items | 65,079 | 65,079 | 60,845 | 65,079 | ||
Beginning balance | 65,079 | |||||
Provision (credit) for off-balance sheet items | (3,242) | |||||
Others | (992) | |||||
Ending balance | 60,845 | 65,079 | ||||
Loan commitments and financial guarantees [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loan commitments and Financial Guarantees | 29,239,530 | |||||
Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Charge-offs | 161,526 | 157,373 | ||||
Recoveries | 9,658 | 9,852 | ||||
Domestic [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 59,856,165 | 57,830,627 | ||||
Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (114,306) | (128,347) | (134,664) | (114,306) | ||
Allowance for loan losses at beginning of period | 114,306 | 128,347 | 134,664 | |||
Provision (credit) for loan losses | 19,872 | 29,699 | ||||
Charge-offs | 23,534 | 33,135 | ||||
Recoveries | 574 | 445 | ||||
Allowance for loan losses at end of period | 114,306 | ¥ 128,347 | ||||
Foreign [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 31,690,153 | 28,029,300 | ||||
12-month ECL [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 89,073,539 | |||||
12-month ECL [member] | Loan commitments and financial guarantees [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for off-balance sheet items | 35,543 | 35,543 | 36,795 | 35,543 | ||
Beginning balance | 35,543 | |||||
Net transfers between stages | (28) | |||||
Provision (credit) for off-balance sheet items | 2,272 | |||||
Others | (992) | |||||
Ending balance | 36,795 | 35,543 | ||||
12-month ECL [member] | Loan commitments and financial guarantees [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loan commitments and Financial Guarantees | 28,842,267 | |||||
Lifetime ECL not credit-impaired [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 1,590,761 | |||||
Lifetime ECL not credit-impaired [member] | Loan commitments and financial guarantees [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for off-balance sheet items | 23,311 | 23,311 | 18,289 | 23,311 | ||
Beginning balance | 23,311 | |||||
Net transfers between stages | (228) | |||||
Provision (credit) for off-balance sheet items | (4,794) | |||||
Ending balance | 18,289 | 23,311 | ||||
Lifetime ECL not credit-impaired [member] | Loan commitments and financial guarantees [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loan commitments and Financial Guarantees | 383,828 | |||||
Lifetime ECL credit-impaired [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 882,018 | |||||
Lifetime ECL credit-impaired [member] | Loan commitments and financial guarantees [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for off-balance sheet items | 6,225 | 6,225 | 5,761 | 6,225 | ||
Beginning balance | 6,225 | |||||
Net transfers between stages | 256 | |||||
Provision (credit) for off-balance sheet items | (720) | |||||
Ending balance | 5,761 | 6,225 | ||||
Lifetime ECL credit-impaired [member] | Loan commitments and financial guarantees [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loan commitments and Financial Guarantees | 13,435 | |||||
IFRS 9 [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 90,682,938 | |||||
Impaired | 882,018 | |||||
Adjust: Unearned income, unamortized premiums-net and deferred loan fees-net | (258,392) | |||||
Allowance for loan losses | (651,620) | (651,620) | (604,988) | (651,620) | ||
Allowance for loan losses at beginning of period | 651,620 | |||||
Provision (credit) for loan losses | 122,927 | |||||
Charge-offs | 180,254 | |||||
Recoveries | 11,042 | |||||
Net charge-offs | 169,212 | |||||
Others | (347) | |||||
Allowance for loan losses at end of period | 604,988 | 651,620 | ||||
IFRS 9 [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 91,546,318 | |||||
IFRS 9 [member] | Allowance for loan losses [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (604,988) | (604,988) | ||||
Allowance for loan losses at end of period | 604,988 | |||||
IFRS 9 [member] | Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Charge-offs | 139,496 | |||||
Recoveries | 9,767 | |||||
IFRS 9 [member] | Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (153,167) | (153,167) | (155,114) | (153,167) | ||
Allowance for loan losses at beginning of period | 153,167 | |||||
Provision (credit) for loan losses | 46,597 | |||||
Charge-offs | 40,758 | |||||
Recoveries | 1,275 | |||||
Allowance for loan losses at end of period | 155,114 | 153,167 | ||||
IFRS 9 [member] | 12-month ECL [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (164,515) | (164,515) | (158,094) | (164,515) | ||
Allowance for loan losses at beginning of period | 164,515 | |||||
Transfer to 12-month ECL | 832 | |||||
Transfer to lifetime ECL not credit-impaired | (1,599) | |||||
Transfer to lifetime ECL credit-impaired | (1,966) | |||||
Net transfers between stages | (2,733) | |||||
Provision (credit) for loan losses | (4,265) | |||||
Others | 577 | |||||
Allowance for loan losses at end of period | 158,094 | 164,515 | ||||
IFRS 9 [member] | 12-month ECL [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 89,073,539 | |||||
IFRS 9 [member] | 12-month ECL [member] | Allowance for loan losses [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (158,094) | (158,094) | ||||
Allowance for loan losses at end of period | 158,094 | |||||
IFRS 9 [member] | Lifetime ECL not credit-impaired [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (130,701) | (130,701) | (92,446) | (130,701) | ||
Allowance for loan losses at beginning of period | 130,701 | |||||
Transfer to 12-month ECL | (805) | |||||
Transfer to lifetime ECL not credit-impaired | 4,845 | |||||
Transfer to lifetime ECL credit-impaired | (10,507) | |||||
Net transfers between stages | (6,467) | |||||
Provision (credit) for loan losses | (31,744) | |||||
Others | (44) | |||||
Allowance for loan losses at end of period | 92,446 | 130,701 | ||||
IFRS 9 [member] | Lifetime ECL not credit-impaired [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 1,590,761 | |||||
IFRS 9 [member] | Lifetime ECL not credit-impaired [member] | Allowance for loan losses [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (92,446) | (92,446) | ||||
Allowance for loan losses at end of period | 92,446 | |||||
IFRS 9 [member] | Lifetime ECL credit-impaired [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Impaired | 882,018 | |||||
Allowance for loan losses | (356,404) | (356,404) | (354,448) | ¥ (356,404) | ||
Allowance for loan losses at beginning of period | 356,404 | |||||
Transfer to 12-month ECL | (27) | |||||
Transfer to lifetime ECL not credit-impaired | (3,246) | |||||
Transfer to lifetime ECL credit-impaired | 12,473 | |||||
Net transfers between stages | 9,200 | |||||
Provision (credit) for loan losses | 158,936 | |||||
Charge-offs | 180,254 | |||||
Recoveries | 11,042 | |||||
Net charge-offs | 169,212 | |||||
Others | (880) | |||||
Allowance for loan losses at end of period | 354,448 | ¥ 356,404 | ||||
IFRS 9 [member] | Lifetime ECL credit-impaired [member] | Gross carrying amount [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 882,018 | |||||
IFRS 9 [member] | Lifetime ECL credit-impaired [member] | Allowance for loan losses [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Allowance for loan losses | (354,448) | (354,448) | ||||
Allowance for loan losses at end of period | ¥ 354,448 | |||||
IFRS 9 [member] | Normal [member] | Other [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 22,952,463 | |||||
IFRS 9 [member] | Normal [member] | Other [member] | 12-month ECL [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 22,876,865 | |||||
IFRS 9 [member] | Normal [member] | Other [member] | Lifetime ECL not credit-impaired [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 75,598 | |||||
IFRS 9 [member] | Normal [member] | Grade category of one to six [member] | Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 38,899,608 | |||||
IFRS 9 [member] | Normal [member] | Grade category of one to six [member] | Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 24,858,863 | |||||
IFRS 9 [member] | Normal [member] | Grade category of one to six [member] | 12-month ECL [member] | Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 38,708,431 | |||||
IFRS 9 [member] | Normal [member] | Grade category of one to six [member] | 12-month ECL [member] | Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 24,350,586 | |||||
IFRS 9 [member] | Normal [member] | Grade category of one to six [member] | Lifetime ECL not credit-impaired [member] | Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 191,177 | |||||
IFRS 9 [member] | Normal [member] | Grade category of one to six [member] | Lifetime ECL not credit-impaired [member] | Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 508,277 | |||||
IFRS 9 [member] | Normal [member] | Japanese government and local municipal corporations [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 3,137,657 | |||||
IFRS 9 [member] | Normal [member] | Japanese government and local municipal corporations [member] | 12-month ECL [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 3,137,657 | |||||
IFRS 9 [member] | Requiring caution [member] | Other [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 183,949 | |||||
IFRS 9 [member] | Requiring caution [member] | Other [member] | Lifetime ECL not credit-impaired [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 183,949 | |||||
IFRS 9 [member] | Requiring caution [member] | 7 [member] | Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 460,319 | |||||
IFRS 9 [member] | Requiring caution [member] | 7 [member] | Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 171,441 | |||||
IFRS 9 [member] | Requiring caution [member] | 7 [member] | Lifetime ECL not credit-impaired [member] | Domestic [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | 460,319 | |||||
IFRS 9 [member] | Requiring caution [member] | 7 [member] | Lifetime ECL not credit-impaired [member] | Foreign [member] | ||||||
Disclosure of credit risk exposure [line items] | ||||||
Loans and advances | ¥ 171,441 |
Financial Risk Management - S_3
Financial Risk Management - Summary of Loans and Advances at Amortized Cost (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances at amortized cost | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Other [member] | Housing Loans [member] | Normal [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances at amortized cost | 11,084,927 | ||
Other [member] | Housing Loans [member] | Requiring caution [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances at amortized cost | ¥ 28,018 |
Financial Risk Management - Add
Financial Risk Management - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Apr. 01, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 85,129,070 | ¥ 84,805,192 |
VaR holding period | 1 day | ||
VaR confidence interval percentage | 99.00% | ||
BPV movement in interest rates | 0.01% | ||
VaR observation period | 4 years | ||
Threshold percentage applied by FSA | 15.00% | ||
Ratio of decline in the economic value of equity to Tier 1 capital | 6.80% | 4.20% | |
Total capital requirement on full implementation | 8.00% | ||
Lifetime ECL credit-impaired [member] | Modified Loans [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Loans and advances | ¥ 28,908 | ||
Maximum [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Permitted level of percentage for reducing strategic equity investments | 100.00% | ||
Before adoption of Basel III [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Minimum Common Equity Tier 1 capital requirement | 2.00% | ||
Minimum Tier 1 capital requirement | 4.00% | ||
Basel III [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Minimum Common Equity Tier 1 capital requirement | 4.50% | ||
Total minimum Common Equity Tier 1 capital ratio on full implementation | 7.00% | ||
Minimum Tier 1 capital requirement | 6.00% | ||
Minimum Tier 1 capital requirement on full implementation | 8.50% | ||
G-SIB surcharge on full implementation | 1.00% | ||
Minimum Common Equity Tier 1 capital requirement phase-in arrangements | 4.50% | ||
Basel III [member] | Maximum [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Capital conservation buffer on full implementation | 2.50% | ||
Total capital requirement on full implementation | 10.50% | ||
Countercyclical buffer | 2.50% | ||
G-SIB surcharge on full implementation | 2.50% | ||
Basel III [member] | Minimum [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Capital conservation buffer on full implementation | 0.625% | ||
Total capital requirement on full implementation | 8.00% | ||
Countercyclical buffer | 0.00% | ||
G-SIB surcharge on full implementation | 1.00% | ||
Sumitomo mitsui banking corporation [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Ratio of decline in the economic value of equity to Tier 1 capital | 7.80% | 4.80% | |
Sumitomo mitsui banking corporation [member] | Maximum [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Demand deposits, maturity period | 5 years | ||
Sumitomo mitsui banking corporation [member] | Daily average [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Demand deposits, maturity period | 2 years 6 months | ||
VaR for Non-trading Activity - Strategic Equity Investment [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
VaR holding period | 1 year | ||
VaR observation period | 10 years | ||
Loans and advances past due but not impaired [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Loans and advances | ¥ 163,902 |
Financial Risk Management - S_4
Financial Risk Management - Summary of Loans and Advances (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Impaired [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | 509,482 | ||
Gross carrying amount [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | 84,856,335 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | 124,724 | ||
Gross carrying amount [member] | Impaired [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | 878,868 | ||
Unearned income, unamortized premiums - net and deferred loan fees - net [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | (258,392) | (239,181) | |
Allowance for loan losses [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | ¥ (604,988) | (491,676) | |
Allowance for loan losses [member] | Impaired [member] | |||
Disclosure of loans and advances by credit quality category [Line Items] | |||
Loans and advances | ¥ (369,386) |
Financial Risk Management - L_4
Financial Risk Management - Loans and Advances Neither Past Due nor Impaired (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 8,522,451 | 7,961,620 | |
Gross carrying amount [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 288,099 | 145,957 | |
Gross carrying amount [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 918,617 | 947,765 | |
Gross carrying amount [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,596,935 | 5,424,054 | |
Gross carrying amount [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,281,596 | 5,288,767 | |
Gross carrying amount [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,129,666 | 2,777,862 | |
Gross carrying amount [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 10,126,531 | 9,017,664 | |
Gross carrying amount [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,328,173 | 4,255,228 | |
Gross carrying amount [member] | Domestic [member] | Municipalities [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 866,373 | 1,000,286 | |
Gross carrying amount [member] | Domestic [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 9,030 | 14,629 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,601,499 | 4,633,306 | |
Gross carrying amount [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 31,690,153 | 28,029,300 | |
Gross carrying amount [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 360,875 | 372,008 | |
Gross carrying amount [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,382,130 | 4,496,646 | |
Gross carrying amount [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 23,285,374 | 21,023,885 | |
Gross carrying amount [member] | Foreign [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 344,958 | 357,660 | |
Gross carrying amount [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 2,316,816 | 1,779,101 | |
Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 84,856,335 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 57,068,183 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 7,884,841 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 139,571 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 934,293 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,403,110 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,187,769 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,774,699 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 8,975,608 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,183,080 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Municipalities [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,000,286 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 14,629 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 15,975,508 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,594,789 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 27,788,152 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 371,987 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,481,170 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 20,825,346 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 357,660 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,751,989 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 38,031,429 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 20,230,927 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,275,861 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 81,900 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 319,394 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,069,995 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,333,434 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,801,410 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5,696,289 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,599,011 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 53,633 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 17,800,502 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 191,678 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,381,927 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 14,009,273 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 23,290 | ||
Normal [member] | 1-3 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,194,334 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 17,020,993 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 14,013,272 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,190,117 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 42,892 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 468,222 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,066,246 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,399,747 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 349,934 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,082,764 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,355,545 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 234 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,057,571 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,007,721 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 81,448 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 338,659 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,425,819 | ||
Normal [member] | 4-6 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 161,795 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,841,059 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,841,059 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 13,973 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 86,932 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 2,785 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 13,696 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 37,693 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Municipalities [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,000,286 | ||
Normal [member] | Japanese government and local municipal corporations [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,685,694 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 25,877,492 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 19,198,974 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,196,566 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 207 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 119,439 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 133,132 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 297,583 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 618,935 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 95,634 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 94,218 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 14,629 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 15,900,425 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 728,206 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 6,678,518 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 97,890 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,752,693 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 4,114,066 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 330,406 | ||
Normal [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 383,463 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 917,644 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 685,255 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 199,616 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 599 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 26,779 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 46,657 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 155,584 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,630 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 87,218 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 96,498 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,669 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 69,005 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 232,389 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 30 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 222,395 | ||
Requiring caution [member] | 7 [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 9,964 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 167,718 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 98,696 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 22,681 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 459 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 148 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 1,421 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 5 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 7 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 115 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 73,180 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 680 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 69,022 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 941 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 7,891 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 53,793 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Lease financing [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 3,964 | ||
Requiring caution [member] | Other [member] | Gross carrying amount [member] | Neither past due nor impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 2,433 |
Financial Risk Management - L_5
Financial Risk Management - Loans and Advances Neither Past Due nor Impaired (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 84,856,335 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Other [member] | Normal [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 25,877,492 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Other [member] | Requiring caution [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 167,718 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 57,068,183 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 15,975,508 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Other [member] | Normal [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 19,198,974 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Other [member] | Requiring caution [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 98,696 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Other [member] | Consumer [member] | Normal [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 15,900,425 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Domestic [member] | Other [member] | Consumer [member] | Requiring caution [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 73,180 | ||
Gross carrying amount [member] | Housing loan [member] | Domestic [member] | Consumer [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 11,216,711 | 11,482,678 | |
Gross carrying amount [member] | Housing loan [member] | Neither past due nor impaired [member] | Domestic [member] | Other [member] | Consumer [member] | Normal [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | 11,302,350 | ||
Gross carrying amount [member] | Housing loan [member] | Neither past due nor impaired [member] | Domestic [member] | Other [member] | Consumer [member] | Requiring caution [member] | |||
Disclosure of credit risk exposure [line items] | |||
Loans and advances | ¥ 51,189 |
Financial Risk Management - L_6
Financial Risk Management - Loans and Advances Past Due but not Impaired by Geography and Industry (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 8,522,451 | 7,961,620 | |
Gross carrying amount [member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 918,617 | 947,765 | |
Gross carrying amount [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 5,596,935 | 5,424,054 | |
Gross carrying amount [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 5,281,596 | 5,288,767 | |
Gross carrying amount [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 3,129,666 | 2,777,862 | |
Gross carrying amount [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 10,126,531 | 9,017,664 | |
Gross carrying amount [member] | Domestic [member] | Services [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 4,328,173 | 4,255,228 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 4,601,499 | 4,633,306 | |
Gross carrying amount [member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 31,690,153 | 28,029,300 | |
Gross carrying amount [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 5,382,130 | 4,496,646 | |
Gross carrying amount [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 23,285,374 | 21,023,885 | |
Gross carrying amount [member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | ¥ 2,316,816 | 1,779,101 | |
Gross carrying amount [member] | Past due but not impaired [Member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 124,724 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 75,267 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 526 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 62 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 45 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,579 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 141 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 117 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Services [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 245 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 68,696 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,856 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 49,457 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 13,647 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 31,081 | ||
Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 4,729 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 90,114 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 60,956 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 476 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 1 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 45 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,240 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 65 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 73 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Services [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 245 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 55,020 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,791 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 29,158 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 11,934 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 14,822 | ||
Not later than one month [member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,402 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 15,386 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 10,840 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 50 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 10 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 318 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 76 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 44 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 10,298 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 44 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 4,546 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 165 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,705 | ||
Past due 1-2 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 1,676 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 19,224 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 3,471 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 51 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 21 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 3,378 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 21 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 15,753 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 1,548 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 13,554 | ||
Past due 2-3 months [Member] | Gross carrying amount [member] | Past due but not impaired [Member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | ¥ 651 |
Financial Risk Management - Imp
Financial Risk Management - Impaired Loans and Advances by Geography and Industry (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Impaired [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 509,482 | ||
Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 59,856,165 | 57,830,627 | |
Gross carrying amount [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 8,522,451 | 7,961,620 | |
Gross carrying amount [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 288,099 | 145,957 | |
Gross carrying amount [member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 918,617 | 947,765 | |
Gross carrying amount [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 5,596,935 | 5,424,054 | |
Gross carrying amount [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 5,281,596 | 5,288,767 | |
Gross carrying amount [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 3,129,666 | 2,777,862 | |
Gross carrying amount [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 10,126,531 | 9,017,664 | |
Gross carrying amount [member] | Domestic [member] | Services [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 4,328,173 | 4,255,228 | |
Gross carrying amount [member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 16,187,195 | 16,363,489 | |
Gross carrying amount [member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 4,601,499 | 4,633,306 | |
Gross carrying amount [member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 31,690,153 | 28,029,300 | |
Gross carrying amount [member] | Foreign [member] | Public sector [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 360,875 | 372,008 | |
Gross carrying amount [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 5,382,130 | 4,496,646 | |
Gross carrying amount [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 23,285,374 | 21,023,885 | |
Gross carrying amount [member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 2,316,816 | 1,779,101 | |
Gross carrying amount [member] | Impaired [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 878,868 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 687,177 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Manufacturing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 76,253 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Agriculture, forestry, fisheries and mining [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 6,386 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Construction [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 13,410 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Transportation, communications and public enterprises [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 20,899 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Wholesale and retail [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 98,419 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Finance and insurance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 3,022 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Real estate and goods rental and leasing [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 41,939 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Services [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 71,903 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Consumer [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 319,285 | ||
Gross carrying amount [member] | Impaired [member] | Domestic [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 35,661 | ||
Gross carrying amount [member] | Impaired [member] | Foreign [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 191,691 | ||
Gross carrying amount [member] | Impaired [member] | Foreign [member] | Public sector [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 21 | ||
Gross carrying amount [member] | Impaired [member] | Foreign [member] | Financial institutions [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 1,829 | ||
Gross carrying amount [member] | Impaired [member] | Foreign [member] | Commerce and industry [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 167,458 | ||
Gross carrying amount [member] | Impaired [member] | Foreign [member] | Others [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | 22,383 | ||
Allowance for loan losses [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | ¥ (604,988) | (491,676) | |
Allowance for loan losses [member] | Impaired [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Loans and advances | ¥ (369,386) |
Financial Risk Management - L_7
Financial Risk Management - Loans and Advances Whose Terms Have Been Renegotiated (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of renegociated loans and advances [Line Items] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Gross carrying amount [member] | |||
Disclosure of renegociated loans and advances [Line Items] | |||
Loans and advances | ¥ 91,546,318 | 85,859,927 | |
Gross carrying amount [member] | Neither past due nor impaired [member] | |||
Disclosure of renegociated loans and advances [Line Items] | |||
Loans and advances | 84,856,335 | ||
Gross carrying amount [member] | Neither past due nor impaired [member] | Renegotiated loans and advances without providing any financial concessions [Member] | |||
Disclosure of renegociated loans and advances [Line Items] | |||
Loans and advances | ¥ 292,466 |
Financial Risk Management - Tra
Financial Risk Management - Trading Assets and Investment Securities Based on External Rating System (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | ¥ 258,074,479 | ¥ 247,637,992 |
Available-for-sale financial assets [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 13,333,221 | 14,282,706 |
Available-for-sale financial assets [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 14,282,706 | |
Available-for-sale financial assets [member] | AAA [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 4,865,723 | |
Available-for-sale financial assets [member] | AA- to AA+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 8,538,879 | |
Available-for-sale financial assets [member] | A- to A+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 276,042 | |
Available-for-sale financial assets [member] | Lower than A- [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 532,626 | |
Available-for-sale financial assets [member] | Unrated [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 69,436 | |
Trading assets [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 2,480,903 | 2,841,148 |
Trading assets [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 2,418,288 | 2,841,148 |
Trading assets [member] | AAA [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 242,984 | 190,650 |
Trading assets [member] | AA- to AA+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 1,907,495 | 2,399,644 |
Trading assets [member] | A- to A+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 182,306 | 192,943 |
Trading assets [member] | Lower than A- [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 80,851 | 56,458 |
Trading assets [member] | Unrated [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 4,652 | 1,453 |
Financial assets at fair value through profit or loss [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 2,620,686 | 1,528,921 |
Financial assets at fair value through profit or loss [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 1,461,740 | 1,528,921 |
Financial assets at fair value through profit or loss [member] | AAA [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 12,537 | |
Financial assets at fair value through profit or loss [member] | AA- to AA+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 1,254,294 | 1,518,748 |
Financial assets at fair value through profit or loss [member] | A- to A+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 29,233 | |
Financial assets at fair value through profit or loss [member] | Lower than A- [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 165,108 | |
Financial assets at fair value through profit or loss [member] | Unrated [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 568 | 10,173 |
Debt instruments at amortized cost [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 318,914 | |
Debt instruments at amortized cost [member] | AA- to AA+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 280,246 | |
Debt instruments at amortized cost [member] | A- to A+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 203 | |
Debt instruments at amortized cost [member] | Lower than A- [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 38,387 | |
Debt instruments at amortized cost [member] | Unrated [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 78 | |
Debt instruments at fair value through other comprehensive income [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 13,343,167 | |
Debt instruments at fair value through other comprehensive income [member] | AAA [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 6,520,641 | |
Debt instruments at fair value through other comprehensive income [member] | AA- to AA+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 5,930,057 | |
Debt instruments at fair value through other comprehensive income [member] | A- to A+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 235,065 | |
Debt instruments at fair value through other comprehensive income [member] | Lower than A- [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 642,091 | |
Debt instruments at fair value through other comprehensive income [member] | Unrated [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 15,313 | |
Debt investment securities at amortized cost [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | ¥ 318,914 | 372,459 |
Debt investment securities at amortized cost [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 372,459 | |
Debt investment securities at amortized cost [member] | AA- to AA+ [Member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | ¥ 372,459 |
Financial Risk Management - T_2
Financial Risk Management - Trading Assets and Investment Securities Based on External Rating System (Parenthetical) (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | ¥ 258,074,479 | ¥ 247,637,992 |
Available-for-sale financial assets [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | ¥ 13,333,221 | 14,282,706 |
Available-for-sale financial assets [member] | External credit grades [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | 14,282,706 | |
Available-for-sale financial assets [member] | External credit grades [member] | Impaired [member] | ||
Disclosure of external credit grades [line items] | ||
Trading assets and investment securities based on the external rating system | ¥ 154 |
Financial Risk Management - VaR
Financial Risk Management - VaR by Risk Category (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2019 | Mar. 31, 2018 |
VaR for Trading Activity [Member] | Interest rate risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | ¥ 10.5 | ¥ 11.3 |
VaR for Trading Activity [Member] | Interest rate risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 19 | 30.9 |
VaR for Trading Activity [Member] | Interest rate risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 8.5 | 6.7 |
VaR for Trading Activity [Member] | Interest rate risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 12.8 | 12.3 |
VaR for Trading Activity [Member] | Currency risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 5.1 | 4.3 |
VaR for Trading Activity [Member] | Currency risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 6.9 | 5 |
VaR for Trading Activity [Member] | Currency risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.2 | 1.5 |
VaR for Trading Activity [Member] | Currency risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4.4 | 3 |
VaR for Trading Activity [Member] | Equities and commodities risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.9 | 4.3 |
VaR for Trading Activity [Member] | Equities and commodities risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 17.1 | 11.4 |
VaR for Trading Activity [Member] | Equities and commodities risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1.7 | 4.3 |
VaR for Trading Activity [Member] | Equities and commodities risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.9 | 6.3 |
VaR for Trading Activity [Member] | Other risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.8 | 3.2 |
VaR for Trading Activity [Member] | Other risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4.6 | 3.6 |
VaR for Trading Activity [Member] | Other risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3 | 1.4 |
VaR for Trading Activity [Member] | Other risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.8 | 2.3 |
VaR for Trading Activity [Member] | Market risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 16.4 | 21.5 |
VaR for Trading Activity [Member] | Market risk [member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 33 | 39.5 |
VaR for Trading Activity [Member] | Market risk [member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 14.7 | 14.5 |
VaR for Trading Activity [Member] | Market risk [member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 19.7 | 22.1 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4.5 | 2.6 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 5.7 | 3.2 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 2.3 | 1.3 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4 | 2.1 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4.7 | 3.6 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 6.2 | 4.3 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3 | 1.2 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4.1 | 2.4 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0.1 | 0 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.2 | 3.9 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0.8 | 1.5 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.8 | 3.2 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 4.6 | 3.6 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3 | 1.4 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 3.8 | 2.3 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 6.6 | 8.1 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 13.5 | 11.2 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 5.7 | 3.5 |
VaR for Trading Activity [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 7.6 | 7.2 |
VaR for Non-trading Activity - Banking [Member] | Interest rate risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 38.2 | 33.7 |
VaR for Non-trading Activity - Banking [Member] | Interest rate risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 38.4 | 34 |
VaR for Non-trading Activity - Banking [Member] | Interest rate risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 28.4 | 27.8 |
VaR for Non-trading Activity - Banking [Member] | Interest rate risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 33 | 30.2 |
VaR for Non-trading Activity - Banking [Member] | Currency risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Currency risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Currency risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Currency risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Equities and commodities risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 19.8 | 28.1 |
VaR for Non-trading Activity - Banking [Member] | Equities and commodities risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 33.7 | 39.9 |
VaR for Non-trading Activity - Banking [Member] | Equities and commodities risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 17.8 | 21.6 |
VaR for Non-trading Activity - Banking [Member] | Equities and commodities risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 24.3 | 30.5 |
VaR for Non-trading Activity - Banking [Member] | Other risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Other risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Other risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Other risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Market risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 44.8 | 48.2 |
VaR for Non-trading Activity - Banking [Member] | Market risk [member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 50.6 | 57 |
VaR for Non-trading Activity - Banking [Member] | Market risk [member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 37 | 40.8 |
VaR for Non-trading Activity - Banking [Member] | Market risk [member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 42.3 | 47.2 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 37.2 | 31.3 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 37.4 | 31.5 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 27.4 | 25.2 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Interest rate risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 31.1 | 27.4 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Currency risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 19.8 | 28.1 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 33.7 | 39.9 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 17.8 | 21.5 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Equities and commodities risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 24.3 | 30.4 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Other risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 0 | 0 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 43.9 | 45.7 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 48.4 | 54.5 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 36 | 38 |
VaR for Non-trading Activity - Banking [Member] | Sumitomo mitsui banking corporation [member] | Market risk [member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 40.4 | 44.4 |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,156 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,622.5 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,114.8 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,414.6 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Equity risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,603.6 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Equity risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,855.9 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Equity risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,488.1 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Equity risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,664.2 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,006.3 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,430.4 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 980 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | ¥ 1,246.6 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Equity risk [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,389.4 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Equity risk [Member] | Maximum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,622.9 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Equity risk [Member] | Minimum [member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | 1,309.8 | |
VaR for Non-trading Activity - Strategic Equity Investment [Member] | Sumitomo mitsui banking corporation [member] | Equity risk [Member] | Daily average [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Value at risk amount | ¥ 1,456.6 |
Financial Risk Management - Mat
Financial Risk Management - Maturity Analysis of Contractual Undiscounted Cash Flows for Financial Liabilities (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Mar. 31, 2018 |
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | ¥ 251,684,270 | ¥ 240,271,389 |
Contractual undiscounted cash flows, Derivative financial instruments | 3,051,773 | 3,498,016 |
On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 162,956,139 | 152,600,397 |
Contractual undiscounted cash flows, Derivative financial instruments | 3,051,773 | 3,498,016 |
Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 50,239,429 | 52,024,519 |
Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 22,615,677 | 20,478,127 |
Later than one year and not later than three years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 6,694,233 | 5,612,525 |
Later than three years and not later than five years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 3,165,181 | 3,541,098 |
Later than five years [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 6,013,611 | 6,014,723 |
Deposits from customers [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 134,403,986 | 128,447,598 |
Deposits from customers [Member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 86,004,575 | 79,239,076 |
Deposits from customers [Member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 30,361,892 | 31,907,636 |
Deposits from customers [Member] | Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 13,281,352 | 12,755,005 |
Deposits from customers [Member] | Later than one year and not later than three years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 3,488,163 | 3,189,790 |
Deposits from customers [Member] | Later than three years and not later than five years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 605,331 | 701,374 |
Deposits from customers [Member] | Later than five years [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 662,673 | 654,717 |
Call money and bills sold [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 1,307,779 | 1,190,929 |
Call money and bills sold [Member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 47,942 | |
Call money and bills sold [Member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 1,276,943 | 1,141,653 |
Call money and bills sold [Member] | Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 30,836 | 1,334 |
Repurchase agreements and cash collateral on securities lent [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 12,887,249 | 12,022,593 |
Repurchase agreements and cash collateral on securities lent [Member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 146,936 | 20,833 |
Repurchase agreements and cash collateral on securities lent [Member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 12,740,313 | 12,001,760 |
Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 1,998,694 | 2,143,899 |
Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 1,998,694 | 2,143,899 |
Borrowings [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 12,135,762 | 10,642,117 |
Borrowings [Member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 210,667 | 61,205 |
Borrowings [Member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 523,079 | 435,708 |
Borrowings [Member] | Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 7,972,114 | 6,765,228 |
Borrowings [Member] | Later than one year and not later than three years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 721,554 | 601,326 |
Borrowings [Member] | Later than three years and not later than five years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 666,649 | 652,481 |
Borrowings [Member] | Later than five years [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 2,041,699 | 2,126,169 |
Debt securities in issue [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 11,187,209 | 10,589,521 |
Debt securities in issue [Member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 2,206,942 | 2,407,601 |
Debt securities in issue [Member] | Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 1,320,643 | 950,334 |
Debt securities in issue [Member] | Later than one year and not later than three years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 2,472,492 | 1,818,271 |
Debt securities in issue [Member] | Later than three years and not later than five years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 1,885,833 | 2,185,578 |
Debt securities in issue [Member] | Later than five years [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 3,301,299 | 3,227,737 |
Lease payable [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 33,192 | 10,317 |
Lease payable [Member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 2,220 | 683 |
Lease payable [Member] | Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 6,258 | 1,884 |
Lease payable [Member] | Later than one year and not later than three years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 12,024 | 2,999 |
Lease payable [Member] | Later than three years and not later than five years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 7,368 | 1,665 |
Lease payable [Member] | Later than five years [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 5,322 | 3,086 |
Others-liabilities [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 5,596,513 | 6,691,042 |
Others-liabilities [member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 2,461,381 | 2,554,069 |
Others-liabilities [member] | Not later than three months [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 3,128,040 | 4,129,478 |
Others-liabilities [member] | Later than three months and not later than one year [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 4,474 | 4,342 |
Others-liabilities [member] | Later than one year and not later than three years [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 139 | |
Others-liabilities [member] | Later than five years [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 2,618 | 3,014 |
Loan commitments [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 62,724,820 | 60,107,128 |
Loan commitments [member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 62,724,820 | 60,107,128 |
Financial guarantees [member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | 9,409,066 | 8,426,245 |
Financial guarantees [member] | On demand [Member] | ||
Non-derivative financial instruments: | ||
Contractual undiscounted cash flows, Non-derivative financial instruments | ¥ 9,409,066 | ¥ 8,426,245 |
Financial Risk Management - Bal
Financial Risk Management - Balance of Loans and Advances and Deposits (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure Of Loans and advances, and Deposits [abstract] | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Deposits | ¥ 134,404,652 | ¥ 128,461,527 | ¥ 128,461,527 |
Financial Risk Management - Dep
Financial Risk Management - Deposits by Domestic and Foreign Offices (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of deposits from customers [Line Items] | |||
Non-interest-bearing demand deposits | ¥ 22,594,227 | ¥ 21,611,514 | |
Interest-bearing demand deposits | 56,205,396 | 52,154,265 | |
Deposits at notice | 11,169,956 | 10,355,664 | |
Time deposits | 25,760,889 | 25,655,132 | |
Negotiable certificates of deposit | 11,165,487 | 11,220,285 | |
Others | 7,508,697 | 7,464,667 | |
Deposits | 134,404,652 | ¥ 128,461,527 | 128,461,527 |
Domestic [member] | |||
Disclosure of deposits from customers [Line Items] | |||
Non-interest-bearing demand deposits | 21,376,082 | 20,370,064 | |
Interest-bearing demand deposits | 53,490,445 | 49,580,166 | |
Deposits at notice | 853,344 | 855,978 | |
Time deposits | 17,885,860 | 18,185,591 | |
Negotiable certificates of deposit | 4,962,651 | 5,408,021 | |
Others | 7,317,912 | 7,338,619 | |
Deposits | 105,886,294 | 101,738,439 | |
Foreign [member] | |||
Disclosure of deposits from customers [Line Items] | |||
Non-interest-bearing demand deposits | 1,218,145 | 1,241,450 | |
Interest-bearing demand deposits | 2,714,951 | 2,574,099 | |
Deposits at notice | 10,316,612 | 9,499,686 | |
Time deposits | 7,875,029 | 7,469,541 | |
Negotiable certificates of deposit | 6,202,836 | 5,812,264 | |
Others | 190,785 | 126,048 | |
Deposits | ¥ 28,518,358 | ¥ 26,723,088 |
Financial Risk Management - Reg
Financial Risk Management - Regulatory Capital Requirements (Detail) - JPY (¥) ¥ in Billions | Mar. 31, 2019 | Mar. 31, 2018 |
Disclosure of objectives, policies and processes for managing capital [abstract] | ||
Total risk-weighted capital ratio | 20.76% | 19.36% |
Tier 1 risk-weighted capital ratio | 18.19% | 16.69% |
Common Equity Tier 1 risk-weighted capital ratio | 16.37% | 14.50% |
Total capital (Common Equity Tier 1 capital + Additional Tier 1 capital + Tier 2 capital) | ¥ 12,240.5 | ¥ 12,304.1 |
Tier 1 capital (Common Equity Tier 1 capital + Additional Tier 1 capital) | 10,727.2 | 10,610.2 |
Common Equity Tier 1 capital | 9,654.5 | 9,217.4 |
Risk-weighted assets | 58,942.8 | 63,540.3 |
The amount of minimum total capital requirements | ¥ 4,715.4 | ¥ 5,083.2 |
Financial Risk Management - R_2
Financial Risk Management - Regulatory Capital Requirements (Parenthetical) (Detail) | 12 Months Ended |
Mar. 31, 2019 | |
Disclosure of objectives, policies and processes for managing capital [abstract] | |
Total capital requirement | 8.00% |
Related-Party Transactions - Tr
Related-Party Transactions - Transactions with Associates, Joint Ventures and Other Entities (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Apr. 01, 2018 | ||
Assets: | |||||
Loans and advances | ¥ 90,682,938 | ¥ 85,129,070 | ¥ 84,805,192 | ||
Others | 4,079,814 | 4,043,908 | 3,958,897 | ||
Liabilities: | |||||
Deposits | 134,404,652 | 128,461,527 | 128,461,527 | ||
Others | 6,131,739 | 6,882,740 | ¥ 6,799,291 | ||
Income statements: | |||||
Expense (interest expense and others) | 2,291,025 | 2,605,886 | ¥ 2,283,894 | ||
Associates, joint ventures, and other entities [Member] | |||||
Assets: | |||||
Loans and advances | 1,661,149 | [1] | 222,890 | ||
Others | 89,534 | [1] | 39,254 | ||
Liabilities: | |||||
Deposits | 178,076 | [1] | 267,289 | ||
Others | 78,540 | [1] | 29,049 | ||
Income statements: | |||||
Income (interest income, fee and commission income, and others) | 38,713 | [1] | 15,665 | 17,433 | |
Expense (interest expense and others) | ¥ 25,799 | [1] | ¥ 15,601 | ¥ 17,411 | |
[1] | On November 28, 2018, Sumitomo Mitsui Finance and Leasing Company, Limited ("SMFL"), which had been the Company's subsidiary, became the Company's joint venture. As a result, the transactions with SMFL and its subsidiaries were included in the line items. |
Related-Party Transactions - Ad
Related-Party Transactions - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Compensation of key management personnel, post-employment benefits | ¥ 0 | ¥ 0 | ¥ 0 |
Compensation of key management personnel, other long-term benefits | 0 | 0 | 0 |
Compensation of key management personnel, termination benefits | 0 | 0 | ¥ 0 |
Associates [member] | |||
Disclosure of transactions between related parties [line items] | |||
Financial guarantees provided by related party | 338,679 | 99,673 | |
Associates and joint ventures [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Loan commitments to associates and joint ventures | ¥ 1,360,802 | ¥ 125,015 |
Related-Party Transactions - _2
Related-Party Transactions - Transactions with Key Management Personnel and Their Close Family Members (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Assets: | |||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 |
Liabilities: | |||
Deposits | 134,404,652 | 128,461,527 | 128,461,527 |
Others | 6,131,739 | ¥ 6,799,291 | 6,882,740 |
Key management personnel of entity or parent [member] | |||
Assets: | |||
Loans and advances | 2 | ||
Liabilities: | |||
Deposits | 1,631 | 1,612 | |
Others | ¥ 94 | ¥ 94 |
Related-Party Transactions - Co
Related-Party Transactions - Compensation Expenses of Key Management Personnel (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Disclosure of transactions between related parties [abstract] | |||
Short-term employee benefits | ¥ 1,102 | ¥ 1,135 | ¥ 1,157 |
Share-based compensation | ¥ 304 | ¥ 295 | ¥ 204 |
Principal Subsidiaries - Princi
Principal Subsidiaries - Principal Domestic Subsidiaries (Detail) - Domestic [member] | 12 Months Ended |
Mar. 31, 2019 | |
Sumitomo mitsui banking corporation [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Commercial banking |
SMBC Trust Bank Ltd. [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Trust banking |
SMBC Guarantee Co., Ltd. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Credit guarantee |
SMBC Nikko Securities Inc. [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Securities |
Sumitomo Mitsui Card Company, Limited [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 65.90% |
Proportion of Voting Rights | 65.90% |
Main Business | Credit card |
Cedyna Financial Corporation [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Credit card and consumer credit |
SMBC Consumer Finance Co., Ltd [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Consumer lending |
SMBC Mobit Co., Ltd. [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Consumer lending |
SMM Auto Finance, Inc. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 51.00% |
Proportion of Voting Rights | 51.00% |
Main Business | Automobile sales financing |
SMBC Finance Service Co., Ltd. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | Collecting agent and factoring |
The Japan Research Institute, Limited [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 100.00% |
Proportion of Voting Rights | 100.00% |
Main Business | System development, data processing, management consulting and economic research |
Sumitomo mitsui asset management company, limited [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 51.10% |
Proportion of Voting Rights | 51.10% |
Main Business | Investment advisory and investment trust management |
NCore Co., Ltd [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 51.00% |
Proportion of Voting Rights | 51.00% |
Main Business | Data processing service and consulting |
SMBC Venture Capital Co., Ltd. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 40.00% |
Proportion of Voting Rights | 40.00% |
Main Business | Venture capital |
SMBC Consulting Co., Ltd. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 98.30% |
Proportion of Voting Rights | 98.30% |
Main Business | Management consulting and information services |
Japan Pension Navigator Co., Ltd. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 69.70% |
Proportion of Voting Rights | 69.70% |
Main Business | Operational management of defined contribution pension plans |
Principal Subsidiaries - Prin_2
Principal Subsidiaries - Principal Domestic Subsidiaries (Parenthetical) (Detail) | Apr. 01, 2019 |
Business combinations [member] | |
Disclosure of subsidiaries [Line Items] | |
Proportion of Ownership Interest | 34.10% |
Principal Subsidiaries - Prin_3
Principal Subsidiaries - Principal Foreign Subsidiaries (Detail) - Foreign [member] | 12 Months Ended |
Mar. 31, 2019 | |
Sumitomo Mitsui Banking Corporation Europe Limited [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.K. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
Sumitomo Mitsui Banking Corporation (China) Limited [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | China |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
PT Bank BTPN Tbk [member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | Indonesia |
Proportion of Ownership Interest | 98.40% |
Proposition of Voting Rights | 98.40% |
Main Business | Commercial banking |
SMBC Americas Holdings, Inc. [member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.S.A. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Bank holding company |
Manufacturers Bank [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.S.A. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
Banco Sumitomo Mitsui Brasileiro S.A. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | Brazil |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
JSC Sumitomo Mitsui Rus Bank [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | Russia |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
SMBC Bank EU AG [member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | Germany |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
Sumitomo Mitsui Banking Corporation Malaysia Berhad [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | Malaysia |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Commercial banking |
SMBC Leasing and Finance, Inc. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.S.A. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Leasing |
SMBC Nikko Securities America, Inc. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.S.A. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Securities |
SMBC Nikko Capital Markets Limited [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.K. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Securities |
SMBC Capital Markets, Inc. [Member] | |
Disclosure of subsidiaries [Line Items] | |
Country of Incorporation | U.S.A. |
Proportion of Ownership Interest | 100.00% |
Proposition of Voting Rights | 100.00% |
Main Business | Derivatives |
Structured Entities - Additiona
Structured Entities - Additional Information (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Apr. 01, 2018 | |
Disclosure of information about structured entities [line items] | |||
Assets | ¥ 195,503,623 | ¥ 192,175,566 | ¥ 191,927,385 |
Unconsolidated structured entities [Member] | |||
Disclosure of information about structured entities [line items] | |||
Income from sponsored unconsolidated structured entities | 24,478 | 23,901 | |
Assets transferred to sponsored unconsolidated structured entities | 1,361,979 | 1,640,396 | |
Asset backed commercial paper conduits [Member] | |||
Disclosure of information about structured entities [line items] | |||
Assets | 728,778 | 807,780 | |
Notional amounts of liquidity and credit enhancement facilities | ¥ 1,050,986 | ¥ 1,129,257 |
Structured Entities - Interests
Structured Entities - Interests in Unconsolidated Structured Entities and Maximum Exposure to Loss (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Interests in unconsolidated structured entities recognized in: | |||
Trading assets | ¥ 2,767,691 | ¥ 3,169,123 | ¥ 3,169,123 |
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 |
Investment securities | 17,825,027 | 19,147,158 | 20,495,075 |
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 |
Assets held for sale | 57 | ¥ 5,648,713 | 5,651,950 |
Securitisation [Member] | |||
Interests in unconsolidated structured entities recognized in: | |||
Trading assets | 16,581 | 10,157 | |
Financial assets at fair value through profit or loss | 8,637 | ||
Investment securities | 15,108 | 64,113 | |
Loans and advances | 2,213,496 | 1,921,725 | |
Assets held for sale | 32,755 | ||
Total | 2,253,822 | 2,028,750 | |
Maximum exposure to loss from interests in unconsolidated structured entities | 3,110,451 | 2,925,137 | |
Investment funds [Member] | |||
Interests in unconsolidated structured entities recognized in: | |||
Trading assets | 39,614 | 68,639 | |
Financial assets at fair value through profit or loss | 871,368 | ||
Investment securities | 27,002 | 1,055,971 | |
Total | 937,984 | 1,124,610 | |
Maximum exposure to loss from interests in unconsolidated structured entities | 944,487 | 1,126,551 | |
Structured finance [member] | |||
Interests in unconsolidated structured entities recognized in: | |||
Financial assets at fair value through profit or loss | 144,297 | ||
Investment securities | 51,018 | ||
Loans and advances | 5,489,334 | 5,202,253 | |
Assets held for sale | 81,494 | ||
Total | 5,633,631 | 5,334,765 | |
Maximum exposure to loss from interests in unconsolidated structured entities | 6,597,207 | 6,296,368 | |
Others [Member] | |||
Interests in unconsolidated structured entities recognized in: | |||
Investment securities | 473 | 479 | |
Loans and advances | 533,196 | 400,549 | |
Total | 533,669 | 401,028 | |
Maximum exposure to loss from interests in unconsolidated structured entities | 712,798 | 538,660 | |
Unconsolidated structured entities [Member] | |||
Interests in unconsolidated structured entities recognized in: | |||
Trading assets | 56,195 | 78,796 | |
Financial assets at fair value through profit or loss | 1,024,302 | ||
Investment securities | 42,583 | 1,171,581 | |
Loans and advances | 8,236,026 | 7,524,527 | |
Assets held for sale | 114,249 | ||
Total | 9,359,106 | 8,889,153 | |
Maximum exposure to loss from interests in unconsolidated structured entities | ¥ 11,364,943 | ¥ 10,886,716 |
Acquisitions - Additional Infor
Acquisitions - Additional Information (Detail) - JPY (¥) ¥ in Millions | Jan. 29, 2019 | Nov. 28, 2018 | Jul. 29, 2016 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Apr. 01, 2016 |
Disclosure of detailed information about business combination [Line Items] | |||||||
Gain recognized as a result of remeasuring previously held interest to fair value | ¥ 47,887 | ¥ 20,344 | |||||
Assets other than cash or cash equivalents | 724,721 | ||||||
Liabilities assumed | 509,666 | ||||||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ (37,966) | ¥ 160,862 | 199,356 | ||||
Total operating income, if all acquisitions had occurred on April 1, 2016 | 3,358,377 | ||||||
Net profit, if all acquisitions had occurred on April 1, 2016 | 741,214 | ||||||
Foreign [member] | PT Bank BTPN Tbk [member] | |||||||
Disclosure of detailed information about business combination [Line Items] | |||||||
Equity Interest in associate | 40.58% | ||||||
Equity interest acquired | 98.50% | ||||||
Equity ownership interest | 98.40% | ||||||
American Railcar Leasing LLC [member] | |||||||
Disclosure of detailed information about business combination [Line Items] | |||||||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ 9,644 | 160,862 | |||||
GE Japan GK [member] | |||||||
Disclosure of detailed information about business combination [Line Items] | |||||||
Equity interest acquired | 100.00% | ||||||
Loans and receivables to customers | ¥ 470,668 | ||||||
Gross contractual amounts receivable | 488,335 | ||||||
Gross contractual amounts receivable, expected to be uncollectible | ¥ 21,692 | ||||||
Profit (loss) since acquisition date | 8,041 | ||||||
Sumitomo mitsui asset management company, limited [member] | |||||||
Disclosure of detailed information about business combination [Line Items] | |||||||
Equity interest acquired | 20.00% | ||||||
Goodwill deductible for tax purposes | ¥ 0 | ||||||
Gain recognized as a result of remeasuring previously held interest to fair value | 20,344 | ||||||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ 199,356 | ||||||
Equity ownership interest | 60.00% | ||||||
PT Bank Tabungan Pensiunan Nasional Tbk [member] | |||||||
Disclosure of detailed information about business combination [Line Items] | |||||||
Loans and receivables to customers | ¥ 522,918 | ||||||
Gross contractual amounts receivable | 517,840 | ||||||
Gross contractual amounts receivable, expected to be uncollectible | 12,404 | ||||||
Gain recognized as a result of remeasuring previously held interest to fair value | (25,744) | ||||||
Assets other than cash or cash equivalents | 688,192 | ||||||
Liabilities assumed | 643,346 | ||||||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ (37,966) |
Acquisitions - Fair Values of A
Acquisitions - Fair Values of Assets and Liabilities of BTPN at the Date of Acquisition and the Consideration Paid (Detail) - JPY (¥) ¥ in Millions | 1 Months Ended | ||||
Jan. 30, 2019 | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | |
Assets: | |||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 | |
Loans and advances | 2,767,691 | 3,169,123 | 3,169,123 | ||
Intangible assets | 605,977 | 562,177 | 670,113 | ||
All other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities: | |||||
Total liabilities | 183,730,177 | ¥ 179,564,245 | 179,679,767 | ||
Goodwill | ¥ 215,808 | ¥ 273,725 | ¥ 426,455 | ||
PT Bank Tabungan Pensiunan Nasional Tbk [member] | |||||
Assets: | |||||
Cash and deposits with banks | ¥ 149,331 | ||||
Loans and advances | 522,918 | ||||
Intangible assets | 57,803 | ||||
All other assets | 107,471 | ||||
Total assets | 837,523 | ||||
Liabilities: | |||||
Deposits | 538,529 | ||||
All other liabilities | 104,817 | ||||
Total liabilities | 643,346 | ||||
Net assets | 194,177 | ||||
Non-controlling interests measured at their proportionate share of the identifiable net assets and others | (9,494) | ||||
Net assets acquired | 184,683 | ||||
Goodwill | 4,707 | ||||
Consideration | 189,390 | ||||
Consideration: | |||||
Cash | 111,365 | ||||
Fair value of the equity interest in BTPN held before the acquisition | 78,025 | ||||
Total | 189,390 | ||||
Acquisition related costs recognized as an expense in "General and administrative expenses" in the consolidated income statement | ¥ 776 |
Acquisitions - Total Amount of
Acquisitions - Total Amount of Cash Consideration Paid and Cash Acquired by Obtaining Control of Subsidiaries (Detail) - JPY (¥) ¥ in Millions | Nov. 28, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Disclosure of detailed information about business combination [Line Items] | ||||
Cash consideration paid | ¥ 176,284 | |||
Cash and cash equivalents transferred as a result of the acquisitions | ¥ 15,411 | |||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ 37,966 | ¥ (160,862) | ¥ (199,356) | |
Sumitomo mitsui asset management company, limited [member] | ||||
Disclosure of detailed information about business combination [Line Items] | ||||
Cash consideration paid | (201,245) | |||
Cash and cash equivalents transferred as a result of the acquisitions | 1,889 | |||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ (199,356) | |||
PT Bank Tabungan Pensiunan Nasional Tbk [member] | ||||
Disclosure of detailed information about business combination [Line Items] | ||||
Cash consideration paid | (111,365) | |||
Cash and cash equivalents transferred as a result of the acquisitions | 149,331 | |||
Cash consideration paid, net of cash and cash equivalents acquired by obtaining control of the subsidiaries | ¥ 37,966 |
Acquisitions -Summary of Fair V
Acquisitions -Summary of Fair Values of Assets and Liabilities (Detail) - JPY (¥) ¥ in Millions | Jun. 01, 2017 | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Assets: | |||||
Property, plant and equipment | ¥ 1,507,786 | ¥ 1,510,132 | ¥ 1,510,132 | ¥ 2,686,055 | |
All other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities: | |||||
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | ||
All other liabilities | 6,131,739 | 6,799,291 | 6,882,740 | ||
Total liabilities | 183,730,177 | ¥ 179,564,245 | 179,679,767 | ||
Goodwill | ¥ 215,808 | ¥ 273,725 | ¥ 426,455 | ||
American Railcar Leasing LLC [member] | |||||
Assets: | |||||
Property, plant and equipment | ¥ 304,257 | ||||
All other assets | 15,719 | ||||
Total assets | 319,976 | ||||
Liabilities: | |||||
Borrowings | 147,523 | ||||
All other liabilities | 1,947 | ||||
Total liabilities | 149,470 | ||||
Net assets acquired | 170,506 | ||||
Goodwill | 0 | ||||
Total consideration | 170,506 | ||||
Consideration: | |||||
Cash | 170,506 | ||||
Total consideration | 170,506 | ||||
Acquisition related costs recognized as an expense in "General and administrative expenses" in the consolidated income statement | ¥ 1,264 |
Acquisitions - Fair Values of_2
Acquisitions - Fair Values of Assets and Liabilities of GE Japan at the Date of Acquisition and the Consideration Paid (Detail) - JPY (¥) ¥ in Millions | Apr. 01, 2016 | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Assets: | |||||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 | ||
All other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities: | |||||
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | ||
All other liabilities | 6,131,739 | 6,799,291 | 6,882,740 | ||
Total liabilities | 183,730,177 | ¥ 179,564,245 | 179,679,767 | ||
Goodwill | ¥ 215,808 | ¥ 273,725 | ¥ 426,455 | ||
GE Japan GK [member] | |||||
Assets: | |||||
Loans and advances | ¥ 470,538 | ||||
All other assets | 203,069 | ||||
Total assets | 673,607 | ||||
Liabilities: | |||||
Borrowings | 436,537 | ||||
All other liabilities | 58,134 | ||||
Total liabilities | 494,671 | ||||
Net assets | 178,936 | ||||
Non-controlling interests measured at their proportionate share of the identifiable net assets | (394) | ||||
Net assets acquired | 178,542 | ||||
Goodwill | 2,417 | ||||
Total consideration | 180,959 | ||||
Consideration: | |||||
Cash | 180,959 | ||||
Total consideration | 180,959 | ||||
Acquisition related costs recognized as an expense in "General and administrative expenses" in the consolidated income statement | ¥ 752 |
Acquisitions - Fair Values of_3
Acquisitions - Fair Values of Assets and Liabilities of SMAM at the Date of Acquisition and the Consideration Paid (Detail) - JPY (¥) ¥ in Millions | Jul. 29, 2016 | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Assets: | |||||
Cash and deposits with banks | ¥ 57,763,441 | ¥ 54,645,472 | ¥ 54,696,069 | ¥ 47,330,155 | |
Trading assets | 2,767,691 | 3,169,123 | 3,169,123 | ||
Intangible assets | 605,977 | 562,177 | 670,113 | ||
All other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities | 183,730,177 | ¥ 179,564,245 | 179,679,767 | ||
Goodwill | ¥ 215,808 | ¥ 273,725 | ¥ 426,455 | ||
Sumitomo mitsui asset management company, limited [member] | |||||
Assets: | |||||
Cash and deposits with banks | ¥ 15,411 | ||||
Trading assets | 12,030 | ||||
Intangible assets | 14,555 | ||||
All other assets | 11,007 | ||||
Total assets | 53,003 | ||||
Liabilities | 14,995 | ||||
Net assets | 38,008 | ||||
Non-controlling interests measured at their proportionate share of the identifiable net assets | (15,203) | ||||
Net assets acquired | 22,805 | ||||
Goodwill | 38,053 | ||||
Total consideration | 60,858 | ||||
Consideration: | |||||
Cash | 20,286 | ||||
Fair value of the equity interest in SMAM held before the acquisition 35,902 | 40,572 | ||||
Total consideration | 60,858 | ||||
Acquisition related costs recognized as an expense in "General and administrative expenses" in the consolidated income statement | ¥ 8 |
Acquisitions - Fair Values of_4
Acquisitions - Fair Values of Assets and Liabilities of SMAM at the Date of Acquisition and the Consideration Paid (Parenthetical) (Detail) | Jul. 29, 2016JPY (¥) |
Sumitomo mitsui asset management company, limited [member] | |
Disclosure of detailed information about business combination [Line Items] | |
Fair value acquisition | ¥ 35,902 |
Assets And Disposal Groups He_3
Assets And Disposal Groups Held For Sale - Summary of Non-current Assets and Disposal Groups Held for Sale (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 |
Assets held for sale: | ||||
Loans and advances | ¥ 90,682,938 | ¥ 84,805,192 | ¥ 85,129,070 | |
Property, plant and equipment | 1,507,786 | 1,510,132 | 1,510,132 | ¥ 2,686,055 |
Intangible assets | 821,785 | 835,902 | 835,902 | |
All other assets | 4,079,814 | 3,958,897 | 4,043,908 | |
Total | 57 | 5,648,713 | 5,651,950 | |
Liabilities directly associated with the assets held for sale: | ||||
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 | |
Debt securities in issue | 11,171,209 | 10,569,117 | 10,569,117 | |
All other liabilities | 6,131,739 | 6,799,291 | 6,882,740 | |
Total | ¥ 3,616,941 | 3,616,941 | ||
Assets and liabilities classified as held for sale [member] | ||||
Assets held for sale: | ||||
Loans and advances | 3,010,314 | |||
Property, plant and equipment | 57 | 1,435,637 | ||
Intangible assets | 179,358 | |||
All other assets | 1,026,641 | |||
Total | ¥ 57 | 5,651,950 | ||
Liabilities directly associated with the assets held for sale: | ||||
Borrowings | 1,631,681 | |||
Debt securities in issue | 1,422,402 | |||
All other liabilities | 562,858 | |||
Total | ¥ 3,616,941 |
Assets And Disposal Groups He_4
Assets And Disposal Groups Held For Sale - Additional Information (Detail) - JPY (¥) ¥ in Millions | Nov. 28, 2018 | Mar. 31, 2020 | Mar. 31, 2019 | Mar. 31, 2017 | Mar. 31, 2018 |
Disclosure of noncurrent assets and disposal groups classified as held for sale [line items] | |||||
Other reserves relating to non-current assets and disposal groups held for sale | ¥ 0 | ¥ 52,146 | |||
Portion of consideration received | ¥ 176,284 | ||||
Cash and cash equivalents | 15,411 | ||||
Gain (loss) on disposal of investment | 47,887 | ¥ 20,344 | |||
Gain (loss)recognised as result of remeasuring to fair value equity interest | ¥ 10,251 | ||||
Sumitomo Mitsui Finance and Leasing Company, Limited [member] | Sumitomo Corporation [member] | |||||
Disclosure of noncurrent assets and disposal groups classified as held for sale [line items] | |||||
Equity ownership interest | 40.00% | ||||
Sumitomo Mitsui Finance and Leasing Company, Limited [member] | Domestic [member] | |||||
Disclosure of noncurrent assets and disposal groups classified as held for sale [line items] | |||||
Equity ownership interest | 60.00% | ||||
Scenario Forecast [member] | Sumitomo Mitsui Finance and Leasing Company, Limited [member] | Sumitomo Corporation [member] | |||||
Disclosure of noncurrent assets and disposal groups classified as held for sale [line items] | |||||
Equity ownership interest | 50.00% | ||||
Scenario Forecast [member] | Sumitomo Mitsui Finance and Leasing Company, Limited [member] | Domestic [member] | |||||
Disclosure of noncurrent assets and disposal groups classified as held for sale [line items] | |||||
Equity ownership interest | 50.00% |
Current and Non-Current Disti_3
Current and Non-Current Distinction - Summary of Current and Non-Current Distinction (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Assets: | |||
Call loans and bills bought | ¥ 2,465,745 | ¥ 1,881,880 | ¥ 1,881,880 |
Reverse repurchase agreements and cash collateral on securities borrowed | 10,345,994 | 8,491,703 | 8,491,703 |
Financial assets at fair value through profit or loss | 2,641,416 | 3,110,375 | 1,547,672 |
Investment securities: | |||
Debt instruments at amortized cost | 318,914 | ||
Held-to-maturity investments | 372,459 | ||
Debt instruments at fair value through other comprehensive income | 13,333,221 | ||
Available-for-sale financial assets | 20,122,616 | ||
Equity instruments at fair value through other comprehensive income | 4,172,892 | ||
Loans and advances | 90,682,938 | 84,805,192 | 85,129,070 |
Other financial assets | 3,609,129 | 3,598,642 | |
Liabilities: | |||
Deposits | 134,404,652 | 128,461,527 | 128,461,527 |
Call money and bills sold | 1,307,779 | 1,190,929 | 1,190,929 |
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | 12,022,593 |
Borrowings | 12,167,858 | 10,652,481 | 10,652,481 |
Debt securities in issue | 11,171,209 | ¥ 10,569,117 | 10,569,117 |
Other financial liabilities | 5,596,513 | 6,691,042 | |
Not later than one year [member] | |||
Assets: | |||
Call loans and bills bought | 2,416,538 | 1,802,317 | |
Reverse repurchase agreements and cash collateral on securities borrowed | 10,273,844 | 8,418,341 | |
Financial assets at fair value through profit or loss | 871,333 | 205,525 | |
Investment securities: | |||
Debt instruments at amortized cost | 46,912 | ||
Held-to-maturity investments | 92,033 | ||
Debt instruments at fair value through other comprehensive income | 2,381,961 | ||
Available-for-sale financial assets | 5,034,184 | ||
Loans and advances | 31,176,468 | 29,469,067 | |
Other financial assets | 3,507,199 | 3,490,685 | |
Liabilities: | |||
Deposits | 129,647,380 | 123,901,761 | |
Call money and bills sold | 1,307,779 | 1,190,929 | |
Repurchase agreements and cash collateral on securities lent | 12,887,249 | 12,022,593 | |
Borrowings | 8,713,483 | 7,264,455 | |
Debt securities in issue | 3,521,706 | 3,356,401 | |
Other financial liabilities | 5,593,895 | 6,687,889 | |
More than twelve months [Member] | |||
Assets: | |||
Call loans and bills bought | 49,207 | 79,563 | |
Reverse repurchase agreements and cash collateral on securities borrowed | 72,150 | 73,362 | |
Financial assets at fair value through profit or loss | 1,770,083 | 1,342,147 | |
Investment securities: | |||
Debt instruments at amortized cost | 272,002 | ||
Held-to-maturity investments | 280,426 | ||
Debt instruments at fair value through other comprehensive income | 10,951,260 | ||
Available-for-sale financial assets | 15,088,432 | ||
Equity instruments at fair value through other comprehensive income | 4,172,892 | ||
Loans and advances | 59,506,470 | 55,660,003 | |
Other financial assets | 101,930 | 107,957 | |
Liabilities: | |||
Deposits | 4,757,272 | 4,559,766 | |
Borrowings | 3,454,375 | 3,388,026 | |
Debt securities in issue | 7,649,503 | 7,212,716 | |
Other financial liabilities | ¥ 2,618 | ¥ 3,153 |
Condensed Financial Informati_3
Condensed Financial Information of Registrant (SMFG) - Condensed Statement of Financial Position (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Assets: | |||||
Deposits with SMBC | ¥ 56,700,489 | ¥ 53,992,931 | |||
Loans to SMBC | 90,682,938 | ¥ 84,805,192 | 85,129,070 | ||
Other assets | 4,079,814 | 3,958,897 | 4,043,908 | ||
Current tax assets | 143,459 | 87,961 | 87,961 | ||
Total assets | 195,503,623 | 191,927,385 | 192,175,566 | ||
Liabilities and equity: | |||||
Debt securities in issue | 11,171,209 | 10,569,117 | 10,569,117 | ||
Other liabilities | 6,131,739 | 6,799,291 | 6,882,740 | ||
Total liabilities | 183,730,177 | 179,564,245 | 179,679,767 | ||
Shareholders' equity | 10,680,620 | 10,530,388 | 10,663,297 | ||
Other equity instruments holders' equity | 598,703 | 599,522 | 599,522 | ||
Total equity | 11,773,446 | 12,363,140 | 12,495,799 | ¥ 11,887,283 | ¥ 11,042,099 |
Total equity and liabilities | 195,503,623 | ¥ 191,927,385 | 192,175,566 | ||
Sumitomo mitsui banking corporation [member] | |||||
Liabilities and equity: | |||||
Debt securities in issue | 4,540,733 | 4,716,206 | |||
Other subsidiaries [member] | |||||
Liabilities and equity: | |||||
Debt securities in issue | 1,732,336 | 1,636,619 | |||
SMFG [member] | |||||
Assets: | |||||
Investments in other subsidiaries, associates and joint ventures | 1,477,703 | 1,548,012 | |||
Other assets | 93,112 | 90,605 | |||
Current tax assets | 118,878 | 67,414 | |||
Total assets | 12,995,831 | 12,109,357 | |||
Liabilities and equity: | |||||
Long-term borrowings | 234,223 | 199,221 | |||
Debt securities in issue | 4,898,140 | 4,216,292 | |||
Other liabilities | 52,813 | 47,001 | |||
Total liabilities | 6,697,503 | 5,971,424 | |||
Shareholders' equity | 5,702,082 | 5,541,687 | |||
Other equity instruments holders' equity | 596,246 | 596,246 | |||
Total equity | 6,298,328 | 6,137,933 | |||
Total equity and liabilities | 12,995,831 | 12,109,357 | |||
SMFG [member] | Sumitomo mitsui banking corporation [member] | |||||
Assets: | |||||
Deposits with SMBC | 434,005 | 251,681 | |||
Investments in SMBC | 4,613,790 | 4,613,844 | |||
Loans to SMBC | 6,258,343 | 5,537,801 | |||
Liabilities and equity: | |||||
Short-term borrowings from SMBC | 1,228,030 | 1,228,030 | |||
SMFG [member] | Other subsidiaries [member] | |||||
Liabilities and equity: | |||||
Debt securities in issue | ¥ 284,297 | ¥ 280,880 |
Condensed Financial Informati_4
Condensed Financial Information of Registrant (SMFG) - Condensed Income Statement (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Income: | |||
Interest income from SMBC | ¥ 2,406,350 | ¥ 2,144,070 | ¥ 1,900,261 |
Dividends from other subsidiaries, associates and joint ventures | 87,850 | 138,874 | 123,827 |
Fees and commission income from subsidiaries | 1,101,777 | 1,131,364 | 1,066,412 |
Other income | 505,666 | 755,855 | 573,825 |
Expense: | |||
Interest expense | 1,101,875 | 733,969 | 502,338 |
Operating and other expense | 2,291,025 | 2,605,886 | 2,283,894 |
Profit before tax | 831,892 | 1,118,976 | 880,352 |
Income tax expense | 184,306 | 229,378 | 139,766 |
Net profit | 647,586 | 889,598 | 740,586 |
Profit attributable to: | |||
Shareholders | 541,932 | 759,998 | 627,870 |
Other equity instruments holders | 11,875 | 9,722 | 7,929 |
SMFG [member] | |||
Income: | |||
Fees and commission income from subsidiaries | 5,666 | 10,226 | 20,706 |
Other income | 106,712 | 217 | 178 |
Total income | 629,259 | 366,545 | 502,669 |
Expense: | |||
Interest expense | 128,360 | 89,699 | 45,223 |
Operating and other expense | 24,857 | 21,525 | 12,165 |
Total expense | 171,178 | 131,831 | 74,901 |
Profit before tax | 458,081 | 234,714 | 427,768 |
Income tax expense | (28,517) | (7,085) | (33,344) |
Net profit | 486,598 | 241,799 | 461,112 |
Profit attributable to: | |||
Shareholders | 474,723 | 232,077 | 453,183 |
Other equity instruments holders | 11,875 | 9,722 | 7,929 |
SMFG [member] | Sumitomo mitsui banking corporation [member] | |||
Income: | |||
Interest income from SMBC | 145,075 | 99,100 | 52,938 |
Dividends from other subsidiaries, associates and joint ventures | 325,333 | 223,334 | 408,419 |
Expense: | |||
Interest expense | 4,298 | 4,298 | 4,474 |
SMFG [member] | Other subsidiaries and associate [Member] | |||
Income: | |||
Dividends from other subsidiaries, associates and joint ventures | 46,473 | 33,668 | 20,428 |
SMFG [member] | Other subsidiaries [member] | |||
Expense: | |||
Interest expense | ¥ 13,663 | ¥ 16,309 | ¥ 13,039 |
Condensed Financial Informati_5
Condensed Financial Information of Registrant (SMFG) - Condensed Statement of Cash Flows (Detail) - JPY (¥) ¥ in Millions | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Operating Activities: | |||
Profit before tax | ¥ 831,892 | ¥ 1,118,976 | ¥ 880,352 |
Income taxes paid-net | (283,761) | (105,880) | (337,299) |
Other operating activities-net | 81,599 | 395,318 | 104,575 |
Net cash and cash equivalents provided by (used in) operating activities | 2,785,833 | 11,171,981 | 3,740,599 |
Investing Activities: | |||
Other investing activities-net | (2) | 1,192 | |
Net cash and cash equivalents provided by (used in) investing activities | 1,201,570 | (3,593,677) | 851,580 |
Financing Activities: | |||
Proceeds from issuance of other equity instruments | 149,916 | 149,887 | |
Dividends paid to shareholders | (245,595) | (218,569) | (205,078) |
Coupons paid to other equity instruments holders | (11,875) | (9,722) | (7,929) |
Purchases of treasury stock and proceeds from sale of treasury stock-net | (69,800) | 379 | 179,657 |
Net cash and cash equivalents used in financing activities | (731,392) | (360,802) | (174,251) |
Net increase of cash and cash equivalents | 3,300,073 | 7,171,637 | 4,117,853 |
Cash and cash equivalents at beginning of period | 53,416,456 | 46,244,819 | 42,126,966 |
Cash and cash equivalents at end of period | 56,716,529 | 53,416,456 | 46,244,819 |
SMFG [member] | |||
Operating Activities: | |||
Profit before tax | 458,081 | 234,714 | 427,768 |
Income taxes paid-net | (17,440) | 35,010 | 23,427 |
Other operating activities-net | (108,622) | (3,736) | (4,580) |
Net cash and cash equivalents provided by (used in) operating activities | 332,019 | 265,988 | 446,615 |
Investing Activities: | |||
Proceeds from sale of investment in subsidiaries | 184,122 | ||
Other investing activities-net | (6,548) | (13,833) | (5) |
Net cash and cash equivalents provided by (used in) investing activities | (449,172) | (2,255,607) | (1,972,258) |
Financing Activities: | |||
Proceeds from issuance of long-term borrowings | 35,002 | 66,415 | 83,806 |
Proceeds from issuance of debt securities | 591,744 | 1,525,271 | 1,738,267 |
Proceeds from issuance of other equity instruments | 149,080 | 149,081 | |
Dividends paid to shareholders | (245,595) | (218,569) | (211,501) |
Coupons paid to other equity instruments holders | (11,875) | (9,722) | (7,929) |
Purchases of treasury stock and proceeds from sale of treasury stock-net | (69,799) | 380 | (86) |
Net cash and cash equivalents used in financing activities | 299,477 | 1,512,855 | 1,751,638 |
Net increase of cash and cash equivalents | 182,324 | (476,764) | 225,995 |
Cash and cash equivalents at beginning of period | 251,681 | 728,445 | 502,450 |
Cash and cash equivalents at end of period | 434,005 | 251,681 | 728,445 |
SMFG [member] | Sumitomo mitsui banking corporation [member] | |||
Investing Activities: | |||
Loans provided to SMBC | ¥ (626,746) | ¥ (2,241,774) | ¥ (1,972,253) |
Condensed Financial Informati_6
Condensed Financial Information of Registrant (SMFG) - Additional Information (Detail) - JPY (¥) ¥ in Millions | Mar. 31, 2019 | Apr. 01, 2018 | Mar. 31, 2018 |
Disclosure of detailed information about borrowings [line items] | |||
Perpetual subordinated bonds | ¥ 598,703 | ¥ 599,522 | |
Borrowings | 12,167,858 | ¥ 10,652,481 | 10,652,481 |
Bonds | 11,171,209 | ¥ 10,569,117 | 10,569,117 |
SMFG [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Bonds | 4,898,140 | 4,216,292 | |
Guarantee deposit | 234,000 | 298,000 | |
SMFG [member] | Subordinated bonds [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Bonds | 954,000 | 945,000 | |
SMFG [member] | Bonds [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Bonds | 3,962,000 | 3,285,000 | |
SMFG [member] | Subsidiaries [Member] | Subordinated bonds [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Bonds | 5,000 | 2,000 | |
SMFG [member] | Subsidiaries [Member] | Bonds [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Bonds | 12,000 | 12,000 | |
SMFG [member] | Subordinated long-term borrowings [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | 49,000 | 49,000 | |
SMFG [member] | Unsubordinated long-term borrowings [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | 185,000 | 150,000 | |
SMFG preferred capital JPY 3 limited [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Perpetual subordinated bonds | ¥ 267,000 | ¥ 267,000 | |
Minimum [member] | SMFG preferred capital JPY 3 limited [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Perpetual subordinated bonds, interest rates | 4.00% | ||
Maximum [member] | SMFG preferred capital JPY 3 limited [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Perpetual subordinated bonds, interest rates | 4.50% |