Docoh
Loading...

SMFG Sumitomo Mitsui Financial

Filed: 12 Nov 21, 6:41am
Table of Contents

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

SECURITIES EXCHANGE ACT OF 1934

For the month of November 2021

Commission File Number 001-34919

SUMITOMO MITSUI FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

(Address of principal executive offices)

 

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

  Form 20-F  ☒  Form 40-F  ☐

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

    

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

    

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

  Yes  ☐  No  ☒

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

  82-                  

 

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF SUMITOMO MITSUI FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-228913) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED, EXCEPT FOR THE STATEMENTS REGARDING OUR EARNINGS FORECAST UNDER THE CAPTION “3. EARNINGS FORECAST ON A CONSOLIDATED BASIS (FOR THE FISCAL YEAR ENDING MARCH 31, 2022).”


Table of Contents

SIGNATURES

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

 

Sumitomo Mitsui Financial Group, Inc.
By:   

  /s/ Jun Okahashi

 Name: Jun Okahashi
 Title: General Manager, Financial Accounting Dept.

Date:        November 12, 2021


Table of Contents

 

LOGO

 

Sumitomo Mitsui Financial Group, Inc.

Consolidated Financial Results for the Six Months Ended September 30, 2021

<Under Japanese GAAP>

 

November 12, 2021

 

LOGO

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

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

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

President: Jun Ohta

Quarterly Securities Report (Shihanki hokokusho) issuing date: November 29, 2021

Dividend payment date: December 3, 2021

Investors meeting presentation for quarterly financial results: Scheduled

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

  1. Consolidated financial results (for the six months ended September 30, 2021)

   (1) Operating results

  (Millions of yen, except per share data and percentages)
   Ordinary income Ordinary profit Profit attributable to
owners of parent

Six months ended September 30, 2021

 ¥ 1,965,482     0.8%     ¥630,028      81.9%      ¥456,068      68.8%    
       

Six months ended September 30, 2020

 1,949,441     (17.0)       346,294      (38.0)        270,130      (37.5)      
  Notes: 1. Comprehensive income:
  (a) for the six months ended September 30, 2021: ¥614,901 million [ (11.0)%]
  (b) for the six months ended September 30, 2020: ¥690,749 million [70.3%]
 2. Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the same period in the previous fiscal year.

 

                                                                                                          Earnings per share         Earnings per share
     (Diluted)    
           

Six months ended September 30, 2021

 ¥ 332.74  ¥ 332.59  
   

Six months ended September 30, 2020

      197.18       197.08  

   (2) Financial position

  (Millions of yen, except percentages)
                                                                                                        Total assets          Net assets          Net assets ratio

As of September 30, 2021

 ¥ 241,341,831   ¥ 12,376,017             5.1%       
   

As of March 31, 2021

    242,584,308        11,899,046               4.9            
  Notes: 1. Stockholders’ equity:
  (a) as of September 30, 2021: ¥12,300,152 million          (b) as of March 31, 2021: ¥11,826,418 million
 2. Net assets ratio = {(Net assets – stock acquisition rights – non-controlling interests) / total assets} X 100

  2. Dividends on common stock

(Yen)  

                                                                                                      Cash dividends per share
     1st quarter       2nd quarter       3rd quarter       4th quarter         Annual      

Fiscal year ended March 31, 2021

 ¥    —             ¥  95.00            ¥    —           ¥ 95.00        ¥190.00       

 

Fiscal year ending March 31, 2022

 

 

—            

 

 

105.00           

      

Fiscal year ending March 31, 2022(Forecast)

     —           105.00        210.00       
  Note:   Dividend forecast which was announced in May 2021 is revised.

  3. Earnings forecast on a consolidated basis (for the fiscal year ending March 31, 2022)

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

                                                                                                      Profit attributable to owners of parent Earnings per share

Fiscal year ending March 31, 2022

 ¥670,000 30.7% ¥488.76
  Notes: 1. Earnings forecast which was announced in May 2021 is revised.
 2. Percentage shown in profit attributable to owners of parent is the increase (decrease) from the previous fiscal year.
 3. Forecasted earnings per share is calculated by dividing forecasted profit attributable to owners of parent by the number of issued common stocks (excluding treasury stocks) as of September 30, 2021.


Table of Contents

* Notes

 (1) There were no changes in material consolidated subsidiaries in the period.

 (2) Changes in accounting policies, changes in accounting estimates and restatements

      (a) Changes in accounting policies due to application of new or revised accounting standards

  

: Yes

  

      (b) Changes in accounting policies due to reasons other than above (a)

  

: No

  

      (c) Changes in accounting estimates

  

: No

  

      (d) Restatements

  

: No

  

      Note: For more details, see page 2 “1. Matters related to summary information (Note).”

 (3) Number of shares issued (common stocks)

 

         As of September 30, 2021                         As of March 31, 2021           

      (a) Number of shares issued (including treasury stocks)

  

 

1,374,362,102 shares      

 

     1,374,040,061 shares       

      (b) Number of treasury stocks

   3,535,806 shares            3,612,302 shares       
   Six months ended September 30, 2021      Six months ended September 30, 2020 

      (c) Average number of shares issued in the period

   1,370,657,068 shares            1,369,997,916 shares       

(Summary of financial information on a non-consolidated basis)

Non-consolidated financial results (for the six months ended September 30, 2021)

 

 (1) Operating results

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

 

               Operating income                          Operating profit                         Ordinary profit                        Net income            
         

Six months ended

                 
         

  September 30, 2021

   ¥  143,717      (13.0)%    ¥  43,883      (37.3)%    ¥  38,309      (41.4)%    ¥  41,886     (37.8)% 
         

  September 30, 2020

       165,121      (35.5)           70,024      (56.7)           65,399      (58.0)           67,343     (57.7)    
               
    Earnings
per share
             
  
Six months ended              
  

  September 30, 2021

   ¥    30.56            
  

  September 30, 2020

 

   

 

      49.16

 

 

 

           
                                

Note:   Percentages shown in operating income, operating profit, ordinary profit and net income are the increase (decrease) from the same period in the previous year.

 

 

  

 (2) Financial position

  (Millions of yen, except percentages) 
   Total assets Net assets Net assets ratio 

As of September 30, 2021

 ¥  15,337,581                      ¥  5,896,524                           38.4%                         
   

As of March 31, 2021

     15,025,382                           5,983,656                           39.8                                 
 Note:

Stockholders’ equity:

     

(a) as of September 30, 2021: ¥5,895,025 million     (b) as of March 31, 2021: ¥5,981,865 million

Note on interim audit procedures:

This report is out of the scope of the interim audit procedures.

 

This document contains “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995), regarding the intent, belief or current expectations of Sumitomo Mitsui Financial Group, Inc. (“the Company”) and its management with respect to the Company’s future financial condition and results of operations. In many cases but not all, these statements contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “risk,” “project,” “should,” “seek,” “target,” “will” and similar expressions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those expressed in or implied by such forward-looking statements contained or deemed to be contained herein. The risks and uncertainties which may affect future performance include: deterioration of Japanese and global economic conditions and financial markets; declines in the value of the Company’s securities portfolio; incurrence of significant credit-related costs; the Company’s ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; and exposure to new risks as the Company expands the scope of its business. Given these and other risks and uncertainties, you should not place undue reliance on forward-looking statements, which speak only as of the date of this document. The Company undertakes no obligation to update or revise any forward-looking statements. Please refer to the Company’s most recent disclosure documents such as its annual report on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as its earnings press releases, for a more detailed description of the risks and uncertainties that may affect its financial conditions, its operating results, and investors’ decisions.


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

 

Table of contents

 

1.

 

    Matters related to summary information (Note)

   2 
                Changes in accounting policies due to application of new or revised accounting standards  2 

2.

 

    Consolidated financial statements

   3 
                (1)     Consolidated balance sheets  3 
                (2)     Consolidated statements of income and consolidated statements of comprehensive income  4 
                (3)     Consolidated statements of changes in net assets  5 
                (4)     Note on going concern  7 

Appendix: Financial results for the six months ended September 30, 2021 supplementary information

 

- 1 -


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

 

1. Matters related to summary information (Note)

Changes in accounting policies due to application of new or revised accounting standards

Application of Accounting Standard for Revenue Recognition etc.

The Company applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March 31, 2020) etc. from the beginning of the period for the six months ended September 30, 2021, and has recognized revenue in an amount expected to be earned in exchange for goods or services at the time when controls of the promised goods or services are transferred to customers.

As for the application of Accounting standards for Revenue Recognition etc., in accordance with transitional treatment stipulated in the proviso of Paragraph 84 of “Accounting Standard for Revenue Recognition,” the cumulative effects by the retroactive application of the new accounting policy previous to the beginning of the period for the six months ended September 30, 2021 are adjusted to “Retained earnings” of the beginning of the period for the six months ended September 30, 2021.

As a result, “Retained earnings” decreased by ¥8,502 million at the beginning of the period for the six months ended September 30, 2021.

 

- 2 -


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

 

2. Consolidated financial statements

    (1) Consolidated balance sheets

   Millions of yen 
     March 31, 2021     September 30, 2021 

 

   

 

 

 

Assets:

 

  

Cash and due from banks

    ¥        72,568,875       ¥        70,940,025   

Call loans and bills bought

   2,553,463      2,760,584   

Receivables under resale agreements

   5,565,119      4,686,909   

Receivables under securities borrowing transactions

   5,827,448      5,805,985   

Monetary claims bought

   4,665,244      4,829,709   

Trading assets

   6,609,195      6,493,877   

Money held in trust

   309      309   

Securities

   36,549,043      36,278,557   

Loans and bills discounted

   85,132,738      85,037,573   

Foreign exchanges

   2,173,189      3,299,302   

Lease receivables and investment assets

   236,392      228,695   

Other assets

   8,590,785      8,476,457   

Tangible fixed assets

   1,458,991      1,478,934   

Intangible fixed assets

   738,759      744,165   

Net defined benefit asset

   565,534      584,177   

Deferred tax assets

   29,840      30,062   

Customers’ liabilities for acceptances and guarantees

   9,978,396      10,296,696   

Reserve for possible loan losses

   (659,017)     (630,194)  
  

 

 

   

 

 

 

Total assets

    ¥      242,584,308       ¥      241,341,831   
  

 

 

   

 

 

 

Liabilities:

    

Deposits

    ¥      142,026,156       ¥      141,340,182   

Negotiable certificates of deposit

   12,570,617      11,962,673   

Call money and bills sold

   1,368,515      1,723,491   

Payables under repurchase agreements

   15,921,103      14,291,544   

Payables under securities lending transactions

   2,421,353      1,813,833   

Commercial paper

   1,686,404      2,127,405   

Trading liabilities

   5,357,649      4,392,292   

Borrowed money

   17,679,690      18,104,699   

Foreign exchanges

   1,113,037      1,419,000   

Short-term bonds

   585,000      401,000   

Bonds

   9,043,031      9,461,894   

Due to trust account

   2,321,223      2,543,382   

Other liabilities

   7,741,638      8,192,422   

Reserve for employee bonuses

   89,522      59,184   

Reserve for executive bonuses

   4,408      —   

Net defined benefit liability

   35,334      35,413   

Reserve for executive retirement benefits

   1,081      965   

Reserve for point service program

   24,655      24,419   

Reserve for reimbursement of deposits

   9,982      7,714   

Reserve for losses on interest repayment

   140,758      121,960   

Reserves under the special laws

   3,902      4,083   

Deferred tax liabilities

   532,193      612,212   

Deferred tax liabilities for land revaluation

   29,603      29,338   

Acceptances and guarantees

   9,978,396      10,296,696   
  

 

 

   

 

 

 

Total liabilities

   230,685,262      228,965,814   
  

 

 

   

 

 

 

Net assets:

    

Capital stock

   2,341,274      2,341,878   

Capital surplus

   693,205      693,614   

Retained earnings

   6,492,586      6,809,834   

Treasury stock

   (13,698)     (13,409)  
  

 

 

   

 

 

 

Total stockholders’ equity

   9,513,367      9,831,917   
  

 

 

   

 

 

 

Net unrealized gains (losses) on other securities

   2,094,605      2,192,305   

Net deferred gains (losses) on hedges

   14,723      (10,828)  

Land revaluation excess

   36,251      36,345   

Foreign currency translation adjustments

   40,390      133,014   

Accumulated remeasurements of defined benefit plans

   127,080      117,398   
  

 

 

   

 

 

 

Total accumulated other comprehensive income

   2,313,051      2,468,234   
  

 

 

 

Stock acquisition rights

   1,791      1,498   

Non-controlling interests

   70,836      74,365   
  

 

 

   

 

 

 

Total net assets

   11,899,046      12,376,017   
  

 

 

   

 

 

 

Total liabilities and net assets

    ¥      242,584,308       ¥      241,341,831   
  

 

 

   

 

 

 

 

- 3 -


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

 

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

    (Consolidated statements of income)

 

   Millions of yen 
Six months ended September 30  2020     2021 

Ordinary income

   ¥        1,949,441     ¥        1,965,482 

Interest income

   947,734     891,702 

Interest on loans and discounts

   699,690     643,762 

Interest and dividends on securities

   136,896     165,896 

Trust fees

   2,253     2,630 

Fees and commissions

   598,328     668,871 

Trading income

   139,797     122,300 

Other operating income

   180,705     124,489 

Other income

   80,622     155,487 

Ordinary expenses

   1,603,146     1,335,454 

Interest expenses

   315,673     179,504 

Interest on deposits

   89,975     40,751 

Fees and commissions payments

   99,807     113,999 

Trading losses

   462     142 

Other operating expenses

   75,502     85,061 

General and administrative expenses

   836,421     875,934 

Other expenses

   275,278     80,810 

Ordinary profit

   346,294     630,028 

Extraordinary gains

   407     1,413 

Extraordinary losses

   4,767     4,681 

Income before income taxes

   341,934     626,759 

Income taxes-current

   87,704     112,720 

Income taxes-deferred

   (16,322    54,679 

Income taxes

   71,381     167,399 

Profit

   270,553     459,359 

Profit attributable to non-controlling interests

   422     3,291 

Profit attributable to owners of parent

   ¥270,130     ¥456,068 
           
    (Consolidated statements of comprehensive income)     
   Millions of yen 
Six months ended September 30  2020     2021 

Profit

   ¥        270,553     ¥459,359 

Other comprehensive income

   420,195     155,541 

Net unrealized gains (losses) on other securities

   358,489     97,429 

Net deferred gains (losses) on hedges

   24,261     (25,465

Foreign currency translation adjustments

   (52,920    69,274 

Remeasurements of defined benefit plans

   91,672     (9,773

Share of other comprehensive income of affiliates

   (1,307    24,075 

Total comprehensive income

   690,749     614,901 

Comprehensive income attributable to owners of parent

   688,797     611,157 

Comprehensive income attributable to non-controlling interests

   1,951     3,743 

 

- 4 -


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

 

(3) Consolidated statements of changes in net assets

 

  Millions of yen    
  Stockholders’ equity    
Six months ended September 30, 2020 Capital
stock
  Capital
surplus
  Retained
earnings
  Treasury
stock
  Total    

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance at the beginning of the period

 ¥    2,339,964    ¥692,003    ¥6,336,311    ¥(13,983)   ¥9,354,296    

  Cumulative effects of changes in accounting policies

    (41,849)     (41,849)   

Restated balance

  2,339,964     692,003     6,294,462     (13,983)    9,312,447    

Changes in the period

      

  Issuance of new stock

  1,309     1,308       2,618    

  Cash dividends

    (136,952)     (136,952)   

  Profit attributable to owners of parent

    270,130      270,130    

  Purchase of treasury stock

     (21)    (21)   

  Disposal of treasury stock

   (50)     311     261    

  Changes in shareholders’ interest due to transaction with non-controlling interests

   (213)      (213)   

  Reversal of land revaluation excess

    (161)     (161)   

  Transfer from retained earnings to capital surplus

   50     (50)     —    

  Net changes in items other than stockholders’ equity in the period

      
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net changes in the period

  1,309     1,095     132,966     290     135,661    
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance at the end of the period

 ¥2,341,274    ¥    693,098    ¥6,427,428    ¥(13,693)   ¥9,448,109    
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  
  Millions of yen 
  Accumulated other comprehensive income 
Six months ended September 30, 2020 Net unrealized
gains (losses)
on other
securities
  Net deferred
gains (losses)
on hedges
  Land
revaluation
excess
  Foreign
currency
translation
adjustments
  

Accumulated

remeasurements
of defined
benefit plans

  Total 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the beginning of the period

 ¥1,371,407    ¥82,257    ¥36,878    ¥(32,839)   ¥(92,030)   ¥1,365,673   

  Cumulative effects of changes in accounting policies

      

Restated balance

  1,371,407     82,257     36,878     (32,839)    (92,030)    1,365,673   

Changes in the period

      

  Issuance of new stock

      

  Cash dividends

      

  Profit attributable to owners of parent

      

  Purchase of treasury stock

      

  Disposal of treasury stock

      

  Changes in shareholders’ interest due to transaction with non-controlling interests

      

  Reversal of land revaluation excess

      

  Transfer from retained earnings to capital surplus

      

  Net changes in items other than stockholders’ equity in the period

  358,565     23,346     177     (54,706)    91,461     418,845   
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Net changes in the period

  358,565     23,346     177     (54,706)    91,461     418,845   
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the end of the period

 ¥1,729,972    ¥105,603    ¥37,056    ¥(87,545)   ¥(568)   ¥1,784,519   
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 
                                                                                                                                                                        
  Millions of yen          
Six months ended September 30, 2020 Stock
acquisition
rights
  Non-
controlling
interests
  Total
net assets
          

 

  

 

 

  

 

 

    

Balance at the beginning of the period

 ¥2,064    ¥62,869    ¥10,784,903      

  Cumulative effects of changes in accounting policies

    (41,849)     

Restated balance

  2,064     62,869     10,743,054      

Changes in the period

      

  Issuance of new stock

    2,618      

  Cash dividends

    (136,952)     

  Profit attributable to owners of parent

    270,130      

  Purchase of treasury stock

    (21)     

  Disposal of treasury stock

    261      

  Changes in shareholders’ interest due to transaction with non-controlling interests

    (213)     

  Reversal of land revaluation excess

    (161)     

  Transfer from retained earnings to capital surplus

    —      

  Net changes in items other than stockholders’ equity in the period

  (255)    2,365     420,954      
 

 

 

  

 

 

  

 

 

    

Net changes in the period

  (255)    2,365     556,616      
 

 

 

  

 

 

  

 

 

    

Balance at the end of the period

 ¥1,808    ¥65,234    ¥11,299,671      
 

 

 

  

 

 

  

 

 

    

 

- 5 -


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

(Continued)

 

  Millions of yen    
  Stockholders’ equity    
Six months ended September 30, 2021 Capital
stock
  Capital
surplus
  Retained
earnings
  Treasury
stock
  Total    

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance at the beginning of the period

 ¥2,341,274    ¥693,205    ¥6,492,586    ¥(13,698)   ¥9,513,367    

  Cumulative effects of changes in accounting policies

    (8,502)     (8,502)   

Restated balance

  2,341,274     693,205     6,484,083     (13,698)    9,504,865    

Changes in the period

      

  Issuance of new stock

  603     603       1,207    

  Cash dividends

    (130,190)     (130,190)   

  Profit attributable to owners of parent

    456,068      456,068    

  Purchase of treasury stock

     (37)    (37)   

  Disposal of treasury stock

   (32)     327     295    

  Changes in shareholders’ interest due to transaction with non-controlling interests

   (195)      (195)   

  Reversal of land revaluation excess

    (94)     (94)   

  Transfer from retained earnings to capital surplus

   32     (32)     —    

  Net changes in items other than stockholders’ equity in the period

      
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net changes in the period

  603     408     325,751     289     327,052    
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Balance at the end of the period

 ¥2,341,878    ¥693,614    ¥6,809,834    ¥(13,409)   ¥9,831,917    
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  
  Millions of yen 
  Accumulated other comprehensive income 
Six months ended September 30, 2021 Net unrealized
gains (losses)
on other
securities
  Net deferred
gains (losses)
on hedges
  Land
revaluation
excess
  Foreign
currency
translation
adjustments
  

Accumulated

remeasurements
of defined
benefit plans

  Total 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the beginning of the period

 ¥2,094,605    ¥14,723    ¥36,251    ¥40,390    ¥127,080    ¥2,313,051   

  Cumulative effects of changes in accounting policies

      

Restated balance

  2,094,605     14,723     36,251     40,390     127,080     2,313,051   

Changes in the period

      

  Issuance of new stock

      

  Cash dividends

      

  Profit attributable to owners of parent

      

  Purchase of treasury stock

      

  Disposal of treasury stock

      

  Changes in shareholders’ interest due to transaction with non-controlling interests

      

  Reversal of land revaluation excess

      

  Transfer from retained earnings to capital surplus

      

  Net changes in items other than stockholders’ equity in the period

  97,699     (25,552)    94     92,624     (9,682)    155,183   
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Net changes in the period

  97,699     (25,552)    94     92,624     (9,682)    155,183   
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

Balance at the end of the period

 ¥2,192,305    ¥(10,828)   ¥36,345    ¥133,014    ¥117,398    ¥2,468,234   
 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 
                                                                                                                                                                        
  Millions of yen          
Six months ended September 30, 2021 Stock
acquisition
rights
  Non-
controlling
interests
  Total
net assets
          

 

  

 

 

  

 

 

    

Balance at the beginning of the period

 ¥1,791    ¥70,836    ¥11,899,046      

  Cumulative effects of changes in accounting policies

    (8,502)     

Restated balance

  1,791     70,836     11,890,544      

Changes in the period

      

  Issuance of new stock

    1,207      

  Cash dividends

    (130,190)     

  Profit attributable to owners of parent

    456,068      

  Purchase of treasury stock

    (37)     

  Disposal of treasury stock

    295      

  Changes in shareholders’ interest due to transaction with non-controlling interests

    (195)     

  Reversal of land revaluation excess

    (94)     

  Transfer from retained earnings to capital surplus

    —      

  Net changes in items other than stockholders’ equity in the period

  (292)    3,529     158,420      
 

 

 

  

 

 

  

 

 

    

Net changes in the period

  (292)    3,529     485,473      
 

 

 

  

 

 

  

 

 

    

Balance at the end of the period

 ¥1,498    ¥74,365    ¥      12,376,017      
 

 

 

  

 

 

  

 

 

    

 

- 6 -


Table of Contents

Sumitomo Mitsui Financial Group, Inc.

 

(4) Note on going concern

Not applicable.

 

- 7 -