Sumitomo Mitsui Financial (SMFG) 6-K Current report (foreign)

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 January 2023

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  ☐

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NO. 333-261754) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED, EXCEPT FOR THE STATEMENTS REGARDING OUR EARNINGS FORECAST UNDER THE CAPTION “3.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, 2023).”

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:    January 30, 2023

January 30, 2023

Sumitomo Mitsui Financial Group, Inc. Consolidated Financial Results for the nine months ended December 31, 2022 <Under Japanese GAAP>

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: February 14, 2023

Investors meeting presentation for quarterly financial results: Not scheduled

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

1. Consolidated financial results (for the nine months ended December 31, 2022)

  (1) Operating results

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

			Ordinary income				Ordinary profit				Profit attributable to owners of parent
Nine months ended December 31, 2022				¥  4,380,252	46.2	%	¥	1,032,609	19.1	%	¥	766,021	22.6	%
Nine months ended December 31, 2021				2,995,751	3.5			867,373	45.8			624,795	44.0
Notes:	1.	Comprehensive income:
		(a) for the nine months ended December 31, 2022:      ¥   631,527 million     [(8.2)%]
		(b) for the nine months ended December 31, 2021:      ¥   687,788 million     [(36.3)%]
	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)
Nine months ended December 31, 2022			¥  559.36				¥  559.17
Nine months ended December 31, 2021				455.82				455.62
(2) Financial position
							(Millions of yen, except percentages)
			Total assets				Net assets				Net assets ratio
As of December 31, 2022				¥  264,636,170				¥  12,475,564				4.7%
As of March 31, 2022				257,704,625				12,197,331				4.7
Notes:	1.	Stockholders’ equity:
		(a) as of December 31, 2022: ¥12,365,958 million   (b) as of March 31, 2022: ¥12,098,215 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, 2022		¥  —		¥ 105.00		¥  —		¥ 105.00		¥  210.00
Fiscal year ending March 31, 2023		—		115.00		—
Fiscal year ending March 31, 2023 (Forecast)								115.00		230.00
Note:     Dividend forecast remains unchanged.

3. Earnings forecast on a consolidated basis (for the fiscal year ending March 31, 2023)

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

	Profit attributable to owners of parent		Earnings per  share
Fiscal year ending March 31, 2023	¥  770,000	9.0%	¥  579.52

Notes:	1.	Earnings forecast remains unchanged.
	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 December 31, 2022. The Board of Directors resolved on November 14, 2022 to repurchase its own shares, and the number of issued common stocks (excluding treasury stocks) is taking into account the impact of repurchase of its own shares.

* Notes
(1) There were no changes in material consolidated subsidiaries in the period.
(2) Special accounting methods used for preparing quarterly consolidated financial statements were adopted.
Note: For more details, see page 2 “1. Matters related to summary information (Notes).”
(3) 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 (Notes).”
(4) Number of shares issued (common stocks)

	As of December 31, 2022	As of March 31, 2022
(a) Number of shares issued (including treasury stocks)	1,374,691,194 shares	1,374,362,102 shares
(b) Number of treasury stocks	14,540,600 shares	3,542,321 shares
	Nine months ended   December 31, 2022	Nine months ended   December 31, 2021
(c) Average number of shares issued in the period	1,369,461,830 shares	1,370,711,658 shares

[Note on quarterly review process]

This report is out of the scope of the external auditor’s review procedure.

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.

Sumitomo Mitsui Financial Group, Inc.

Table of contents

1.	Matters related to summary information (Notes)	2
	(1)   Application of special accounting methods used for preparing quarterly consolidated financial statements	2
	(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)   Note on going concern	4
	(4)   Material changes in stockholders’ equity	4

Appendix: Financial results for the nine months ended December 31, 2022 supplementary information

- 1 -

Sumitomo Mitsui Financial Group, Inc.

1. Matters related to summary information (Notes)

(1) Application of special accounting methods used for preparing quarterly consolidated financial statements

The Company and certain domestic consolidated subsidiaries calculated tax expenses by multiplying Income before income taxes by an effective tax rate that was reasonably estimated by applying tax effect accounting to estimated Income before income taxes for the fiscal year ending March 31, 2023 including the period for the nine months ended December 31, 2022. Amounts of Income taxes include Income taxes-deferred.

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

Application of Implementation Guidance on Accounting Standard for Fair Value Measurement

The Company applied “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No.31, June 17, 2021) from the beginning of the period for the three months ended June 30, 2022. In accordance with the transitional treatment set forth in Paragraph 27-2 of Implementation Guidance on Accounting Standard for Fair Value Measurement, the Company has prospectively adopted the new accounting policy set forth in Implementation Guidance on Accounting Standard for Fair Value Measurement. There are no effects on consolidated financial statements due to the application of the Implementation Guidance.

- 2 -

Sumitomo Mitsui Financial Group, Inc.

2. Consolidated financial statements

    (1) Consolidated balance sheets

	Millions of yen
	March 31, 2022			December 31, 2022
Assets:
Cash and due from banks	¥	74,792,123		¥	67,732,445
Call loans and bills bought		1,965,134			8,534,488
Receivables under resale agreements		6,035,507			5,176,821
Receivables under securities borrowing transactions		5,649,632			5,006,489
Monetary claims bought		5,370,377			5,827,112
Trading assets		7,351,878			9,272,856
Money held in trust		310			12,163
Securities		38,538,724			31,146,428
Loans and bills discounted		90,834,056			98,945,464
Foreign exchanges		2,812,104			2,470,814
Lease receivables and investment assets		228,608			237,208
Other assets		10,175,873			14,246,951
Tangible fixed assets		1,457,254			1,568,623
Intangible fixed assets		898,817			901,860
Net defined benefit asset		623,045			649,628
Deferred tax assets		66,720			84,312
Customers’ liabilities for acceptances and guarantees		11,722,239			13,532,943
Reserve for possible loan losses		(817,784	)		(710,441	)
Total assets	¥	257,704,625		¥	264,636,170
Liabilities:
Deposits	¥	148,585,460		¥	155,673,900
Negotiable certificates of deposit		13,069,796			13,810,620
Call money and bills sold		1,129,999			1,411,243
Payables under repurchase agreements		19,359,965			15,585,134
Payables under securities lending transactions		1,580,580			1,124,564
Commercial paper		1,866,366			2,403,602
Trading liabilities		6,377,968			8,982,871
Borrowed money		18,877,990			11,713,921
Foreign exchanges		1,216,893			1,549,821
Short-term bonds		442,000			353,000
Bonds		9,808,107			9,607,770
Due to trust account		2,443,873			2,277,954
Other liabilities		8,415,621			13,766,271
Reserve for employee bonuses		89,894			48,249
Reserve for executive bonuses		4,064			—
Net defined benefit liability		40,864			35,745
Reserve for executive retirement benefits		1,087			1,063
Reserve for point service program		25,000			27,602
Reserve for reimbursement of deposits		5,767			11,544
Reserve for losses on interest repayment		135,084			108,833
Reserves under the special laws		3,902			3,902
Deferred tax liabilities		275,570			101,112
Deferred tax liabilities for land revaluation		29,193			28,930
Acceptances and guarantees		11,722,239			13,532,943
Total liabilities		245,507,293			252,160,605
Net assets:
Capital stock		2,341,878			2,342,537
Capital surplus		693,664			694,103
Retained earnings		6,916,468			7,381,273
Treasury stock		(13,402	)		(64,937	)
Total stockholders’ equity		9,938,608			10,352,977
Net unrealized gains (losses) on other securities		1,632,080			1,031,941
Net deferred gains (losses) on hedges		(80,061	)		(59,970	)
Land revaluation excess		36,320			35,850
Foreign currency translation adjustments		450,143			898,475
Accumulated remeasurements of defined benefit plans		121,123			106,684
Total accumulated other comprehensive income		2,159,606			2,012,981
Stock acquisition rights		1,475			1,185
Non-controlling interests		97,641			108,419
Total net assets		12,197,331			12,475,564
Total liabilities and net assets	¥	257,704,625		¥	264,636,170

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Sumitomo Mitsui Financial Group, Inc.

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

    (Consolidated statements of income)

	Millions of yen
Nine months ended December 31	2021			2022
Ordinary income	¥	2,995,751		¥	4,380,252
Interest income		1,357,126			2,529,341
Interest on loans and discounts		980,481			1,693,720
Interest and dividends on securities		243,704			299,487
Trust fees		4,011			4,788
Fees and commissions		1,038,336			1,073,352
Trading income		157,223			108,742
Other operating income		201,255			367,931
Other income		237,797			296,095
Ordinary expenses		2,128,378			3,347,642
Interest expenses		266,984			1,255,540
Interest on deposits		61,672			468,078
Fees and commissions payments		168,795			171,455
Trading losses		132			8,470
Other operating expenses		139,988			271,244
General and administrative expenses		1,330,490			1,427,747
Other expenses		221,986			213,183
Ordinary profit		867,373			1,032,609
Extraordinary gains		1,531			1,317
Extraordinary losses		6,752			3,794
Income before income taxes		862,152			1,030,131
Income taxes		232,354			256,525
Profit		629,798			773,606
Profit attributable to non-controlling interests		5,003			7,584
Profit attributable to owners of parent	¥	624,795		¥	766,021
(Consolidated statements of comprehensive income)
	Millions of yen
Nine months ended December 31	2021			2022
Profit	¥	629,798		¥	773,606
Other comprehensive income (losses)		57,989			(142,078	)
Net unrealized gains (losses) on other securities		(44,753	)		(591,145	)
Net deferred gains (losses) on hedges		(71,155	)		2,102
Foreign currency translation adjustments		166,658			346,932
Remeasurements of defined benefit plans		(19,492	)		(14,413	)
Share of other comprehensive income of affiliates		26,733			114,445
Total comprehensive income		687,788			631,527
Comprehensive income attributable to owners of parent		684,272			619,865
Comprehensive income attributable to non-controlling interests		3,515			11,661

(3) Note on going concern

Not applicable.

(4) Material changes in stockholders’ equity

Not applicable.

- 4 -

Sumitomo Mitsui Financial Group

Financial results

for the nine months

ended December 31, 2022

- Supplementary information -

	Table of contents
1.	Operating results	Consolidated	Non-consolidated	…	1
2.	Interest spread (domestic)		Non-consolidated	…	3
3.	Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act	Consolidated	Non-consolidated	…	3
4.	Unrealized gains (losses) on securities	Consolidated	Non-consolidated	…	4
5.	Deposits and loans		Non-consolidated	…	5
6.	ROE	Consolidated		…	5

Notes:

1. Consolidated : Consolidated figures of Sumitomo Mitsui Financial Group, Inc.

2. Non-consolidated : Non-consolidated figures of Sumitomo Mitsui Banking Corporation (“SMBC”)

3. Capital ratio as of December 31, 2022 will be announced when it is fixed.

Sumitomo Mitsui Financial Group

1. Operating results

Consolidated						(Millions of yen)
				Nine months ended  December 31, 2022 (A)	Change      (A) - (B)	Nine months ended December 31, 2021 (B)
Consolidated gross profit			1	2,377,444	195,390	2,182,054
	Net interest income		2	1,273,801	183,659	1,090,142
	Trust fees		3	4,788	777	4,011
	Net fees and commissions		4	901,897	32,357	869,540
	Net trading income		5	100,271	(56,820)	157,091
	Net other operating income		6	96,686	35,419	61,267
General and administrative expenses			7	(1,427,747)	(97,257)	(1,330,490)
Equity in gains (losses) of affiliates			8	79,453	25,384	54,069
Consolidated net business profit			9	1,029,150	123,518	905,632
Total credit cost			10	(111,098)	46,616	(157,714)
	Credit costs		11	(125,029)	53,911	(178,940)
		Write-off of loans	12	(66,472)	1,091	(67,563)
		Provision for reserve for possible loan losses	13	(37,533)	60,770	(98,303)
		Others	14	(21,023)	(7,950)	(13,073)
	Recoveries of written-off claims		15	13,931	(7,295)	21,226
Gains (losses) on stocks			16	138,221	3,503	134,718
Other income (expenses)			17	(23,664)	(8,402)	(15,262)
Ordinary profit			18	1,032,609	165,236	867,373
Extraordinary gains (losses)			19	(2,477)	2,743	(5,220)
	Gains (losses) on disposal of fixed assets		20	(112)	130	(242)
	Losses on impairment of fixed assets		21	(2,365)	2,525	(4,890)
Income before income taxes			22	1,030,131	167,979	862,152
Income taxes			23	(256,525)	(24,171)	(232,354)
Profit			24	773,606	143,808	629,798
Profit attributable to non-controlling interests			25	(7,584)	(2,581)	(5,003)
Profit attributable to owners of parent			26	766,021	141,226	624,795
Notes:  1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
2. Consolidated gross profit = (Interest income - Interest expenses) + Trust fees + (Fees and commissions - Fees and commissions payments)                   +(Trading income - Trading losses) + (Other operating income - Other operating expenses)   3. Amounts of Income taxes include Income taxes-deferred.
		Number of consolidated subsidiaries and affiliates
				December 31, 2022
					Change	March 31, 2022
		Consolidated subsidiaries	27	183	2	181
		Equity method affiliates	28	298	186	112

- 1 -

Sumitomo Mitsui Financial Group

SMBC non-consolidated						(Millions of yen)
				Nine months ended   December 31, 2022 (A)	Change      (A) - (B)	Nine months ended   December 31, 2021 (B)
Gross banking profit			1	1,287,865	156,713	1,131,152
	Net interest income		2	871,345	128,384	742,961
	Trust fees		3	1,639	141	1,498
	Net fees and commissions		4	336,466	60,894	275,572
	Net trading income		5	(42,524)	(66,731)	24,207
	Net other operating income		6	120,937	34,026	86,911
	Gains (losses) on bonds		7	(77,860)	(95,706)	17,846
Expenses (excluding non-recurring losses)			8	(653,430)	(23,653)	(629,777)
	Personnel expenses		9	(284,556)	(33,574)	(250,982)
	Non-personnel expenses		10	(331,165)	10,862	(342,027)
	Taxes		11	(37,707)	(941)	(36,766)
Banking profit (before provision for general reserve for possible loan losses)			12	634,435	133,060	501,375
Gains (losses) on bonds			13	(77,860)	(95,706)	17,846
	Core banking profit (12-13)		14	712,295	228,767	483,528
		excluding gains (losses) on cancellation of investment trusts	15	680,488	235,626	444,862
Provision for general reserve for possible loan losses			16	47,773	10,513	37,260
Banking profit			17	682,208	143,573	538,635
Non-recurring gains (losses)			18	45,766	73,970	(28,204)
	Credit costs		19	(102,052)	33,689	(135,741)
	Gains on reversal of reserve for possible loan losses		20	—	—	—
	Recoveries of written-off claims		21	25	(10,719)	10,744
	Gains (losses) on stocks		22	127,936	45,297	82,639
		Gains on sales of stocks	23	171,318	37,926	133,392
		Losses on sales of stocks	24	(27,698)	(21,910)	(5,788)
		Losses on devaluation of stocks	25	(15,682)	29,282	(44,964)
	Other non-recurring gains (losses)		26	19,856	5,703	14,153
Ordinary profit			27	727,975	217,544	510,431
Extraordinary gains (losses)			28	(2,053)	2,095	(4,148)
	Gains (losses) on disposal of fixed assets		29	(288)	(403)	115
	Losses on impairment of fixed assets		30	(1,765)	2,499	(4,264)
Income before income taxes			31	725,921	219,639	506,282
Income taxes			32	(162,210)	(393)	(161,817)
Net income			33	563,710	219,245	344,465
Total credit cost (16+19+20+21)			34	(54,253)	33,483	(87,736)
	Provision for general reserve for possible loan losses		35	47,773	10,513	37,260
	Write-off of loans		36	(4,922)	(4,559)	(363)
	Provision for specific reserve for possible loan losses		37	(89,445)	42,433	(131,878)
	Losses on sales of delinquent loans		38	(7,788)	(4,204)	(3,584)
	Provision for loan loss reserve for specific overseas countries		39	103	19	84
	Recoveries of written-off claims		40	25	(10,719)	10,744

Notes:	1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
	2. Amounts of Income taxes include Income taxes-deferred.

- 2 -

Sumitomo Mitsui Financial Group

2. Interest spread (domestic)

SMBC non-consolidated						(%)
		Nine months ended December 31, 2022 (A)				Nine months     ended     December 31,     2021 (B)
	April 1 - June 30	July 1 - September 30	October 1 - December 31		Change        (A) -  (B)
Interest earned on loans and bills discounted (a)	0.83	0.84	0.81	0.83	(0.01)	0.84
Interest paid on deposits, etc. (b)	0.00	0.00	0.00	0.00	(0.00)	0.00
Interest spread (a) - (b)	0.83	0.84	0.81	0.83	(0.01)	0.84
Reference: After excluding loans to the Japanese government, etc.
Interest earned on loans and bills discounted (c)	0.85	0.86	0.83	0.85	(0.01)	0.86
Interest spread (c) - (b)	0.85	0.86	0.83	0.85	(0.01)	0.86

3. Non-performing loans (NPLs) based on the Banking Act and the Reconstruction Act

Consolidated						(Billions of yen)
				December 31, 2022		March 31, 2022
					Change from    March 31, 2022
	Bankrupt and quasi-bankrupt loans		1	94.4	(4.9)	99.3
	Doubtful loans		2	584.5	(59.4)	643.9
	Substandard loans		3	354.0	(60.4)	414.4
		Past due loans (3 months or more)	4	14.3	0.7	13.6
		Restructured loans	5	339.7	(61.2)	400.9
	Total (A)		6	1,032.9	(124.7)	1,157.6
	Normal assets		7	116,196.3	10,176.8	106,019.5
	Grand total (B)		8	117,229.1	10,052.1	107,177.0
						(%)
	NPL ratio (A/B)		9	0.88	(0.20)	1.08
	Amount of direct reduction			169.8	10.5	159.3
SMBC non-consolidated						(Billions of yen)
				December 31, 2022		March 31, 2022
					Change from    March 31, 2022
	Bankrupt and quasi-bankrupt loans		10	77.3	(1.9)	79.2
	Doubtful loans		11	468.2	(54.1)	522.3
	Substandard loans		12	144.7	(59.1)	203.8
		Past due loans (3 months or more)	13	3.1	(1.0)	4.2
		Restructured loans	14	141.6	(58.1)	199.7
	Total (A)		15	690.2	(115.2)	805.3
	Normal assets		16	113,668.5	10,345.0	103,323.5
	Grand total (B)		17	114,358.6	10,229.9	104,128.8
						(%)
	NPL ratio (A/B)		18	0.60	(0.17)	0.77
	Amount of direct reduction			127.3	12.1	115.2

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Sumitomo Mitsui Financial Group

4. Unrealized gains (losses) on securities

Consolidated											(Billions of yen)
					December 31, 2022					March 31, 2022
					Balance sheet   amount	Net unrealized    gains (losses)				Balance sheet     amount	Net unrealized     gains (losses)
							Change from  March 31, 2022	Gains	Losses
	Held-to-maturity securities			1	150.3	(1.8)	(1.6)	—	1.8	25.7	(0.2)
	Other securities			2	30,329.4	1,430.8	(846.4)	2,520.1	1,089.3	38,114.9	2,277.2
		Stocks		3	3,166.4	1,757.3	(276.3)	1,791.0	33.7	3,403.4	2,033.7
		Bonds		4	13,174.3	(130.7)	(80.7)	10.9	141.6	19,560.3	(50.1)
			Japanese government bonds	5	9,441.0	(75.7)	(28.6)	0.1	75.7	15,774.2	(47.1)
		Others		6	13,988.7	(195.8)	(489.4)	718.2	914.0	15,151.2	293.6
			Foreign bonds	7	11,554.1	(855.3)	(406.5)	23.0	878.2	12,055.6	(448.8)
	Other money held in trust			8	0.3	—	—	—	—	0.3	—
	Total			9	30,480.0	1,429.0	(848.0)	2,520.1	1,091.1	38,141.0	2,277.0
			Stocks	10	3,166.4	1,757.3	(276.3)	1,791.0	33.7	3,403.4	2,033.7
			Bonds	11	13,324.6	(132.5)	(82.3)	10.9	143.4	19,586.1	(50.3)
			Others	12	13,989.0	(195.8)	(489.4)	718.2	914.0	15,151.5	293.6
SMBC non-consolidated											(Billions of yen)
					December 31, 2022					March 31, 2022
					Balance sheet   amount	Net unrealized   gains (losses)				Balance sheet     amount	Net unrealized     gains (losses)
							Change from    March 31, 2022	Gains	Losses
	Held-to-maturity securities			13	22.3	(0.7)	(0.5)	—	0.7	22.3	(0.2)
	Stocks of subsidiaries and affiliates			14	4,604.6	(11.5)	(26.0)	6.5	18.0	4,649.7	14.5
	Other securities			15	26,280.9	1,029.2	(753.2)	1,972.5	943.3	34,290.5	1,782.4
		Stocks		16	2,895.4	1,701.4	(260.6)	1,721.4	20.0	3,202.2	1,961.9
		Bonds		17	13,343.2	(128.0)	(78.6)	10.9	138.9	19,625.2	(49.4)
			Japanese government bonds	18	9,441.0	(75.7)	(28.6)	0.1	75.7	15,769.2	(47.1)
		Others		19	10,042.3	(544.1)	(414.0)	240.3	784.5	11,463.1	(130.1)
			Foreign bonds	20	8,228.6	(735.1)	(332.1)	13.9	749.0	8,970.5	(403.1)
	Total			21	30,907.8	1,017.0	(779.7)	1,979.0	962.1	38,962.5	1,796.6
			Stocks	22	3,192.9	1,701.9	(260.6)	1,721.9	20.0	3,665.5	1,962.5
			Bonds	23	13,365.5	(128.7)	(79.1)	10.9	139.6	19,647.5	(49.7)
			Others	24	14,349.3	(556.2)	(440.0)	246.3	802.5	15,649.5	(116.2)

Notes:	1.	The figures above include negotiable certificates of deposit in “Cash and due from banks” and beneficiary claims on loan trust in “Monetary claims bought.”
	2.	Net unrealized gains (losses) are valued at market prices as of the balance sheet date.
	3.	Other securities and Other money held in trust are measured at market prices. Unrealized gains (losses) indicate the difference between the acquisition costs (or amortized costs) and the balance sheet amounts. Net unrealized gains (losses) on Other securities include gains (losses) which are recognized in the statements of income by applying fair value hedge accounting and accordingly not recorded directly to Net assets (both SMFG consolidated and SMBC non-consolidated). Gains of 2,122 million yen were recognized in the statements of income for the year ended March 31, 2022.

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Sumitomo Mitsui Financial Group

5. Deposits and loans

SMBC non-consolidated				(Billions of yen)
		December 31, 2022		March 31, 2022
			Change from     March 31, 2022
Domestic deposits		119,702.5	999.1	118,703.4
	Individual	58,161.6	2,039.6	56,122.1
Note : The figures above exclude negotiable certificates of deposit and Japan offshore banking accounts.
Loans and bills discounted		94,675.0	7,003.7	87,671.3
	Domestic offices (excluding offshore banking accounts)	60,200.0	2,220.2	57,979.7
	Overseas offices and offshore banking accounts	34,475.1	4,783.5	29,691.6
6. ROE
Consolidated				(%)
		Nine months ended          December 31, 2022		Nine months ended          December 31, 2021
			Change
ROE (denominator: Total stockholders’ equity)		10.0	1.4	8.6

Note :		(Profit attributable to owners of parent) X (Number of days in a year (365 days)) /
ROE	=	(Number of days in the period (275 days))	X 100
		{(Total stockholders’ equity at the beginning of the period) + (Total stockholders’ equity at the end of the period)} / 2

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