[6-K] Sumitomo Mitsui Financial Group, Inc American Current Report (Foreign Issuer)

Rhea-AI Filing Summary

On 31 July 2025, Willis Towers Watson plc (NASDAQ: WTW) filed a Form 8-K to furnish—not file—its second-quarter results for the period ended 30 June 2025. Under Item 2.02, the company attached a press release (Exhibit 99.1) that contains the full earnings announcement and a reconciliation of non-GAAP measures. Under Item 7.01, it furnished an investor slide deck (Exhibit 99.2) now available on the IR website. Both items are expressly excluded from Section 18 liability and from incorporation by reference unless specifically stated otherwise. No quantitative financial data appear in the 8-K itself; investors must review the exhibits for revenue, EPS, guidance or margin details. A cover-page Inline XBRL file is included as Exhibit 104. The filing, signed by CFO Andrew Krasner, is a standard earnings-release furnish intended to keep the market informed ahead of the accompanying conference call.

Insights

Financial Analyst

TL;DR – Routine furnish of Q2 results; impact neutral until numbers reviewed.

This 8-K merely signals that WTW has released its Q2 FY25 earnings materials. Because the filing lacks headline figures, margin trends or guidance updates, investors cannot gauge performance from the 8-K alone. The real market impact will depend on the revenue, EPS and margin metrics contained in Exhibits 99.1 and 99.2, which are furnished rather than filed. From a valuation perspective, today’s disclosure is procedural; sentiment will develop once analysts parse the attached press release and slide deck.

Securities Lawyer

TL;DR – Compliance-oriented 8-K; limits liability by furnishing, not filing.

WTW uses Items 2.02 and 7.01 to furnish earnings materials, thereby avoiding Section 18 liability unless later incorporated. The inclusion of a GAAP–non-GAAP reconciliation aligns with SEC guidance on Regulation G. No other material events are reported, and no safe-harbor statement is required. Overall, the document meets procedural requirements but is not, in itself, price-sensitive.

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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 July 2025

Commission File Number 001-34919

SUMITOMO MITSUI FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

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

(Address of principal executive offices)

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

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. 333-276219) 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 ANY MATERIALS THEMSELVES INCORPORATED BY REFERENCE INTO INFORMATION FURNISHED IN THIS REPORT ON FORM 6-K AND THE STATEMENTS REGARDING OUR EARNINGS FORECAST UNDER THE CAPTION “3. EARNINGS FORECAST ON A CONSOLIDATED BASIS (FOR THE FISCAL YEAR ENDING MARCH 31, 2026).”

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SIGNATURES

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

Sumitomo Mitsui Financial Group, Inc.
By:		/s/ Jun Okahashi
		Name:		Jun Okahashi
		Title:		Executive Officer & General Manager, Financial Accounting Dept.

Date: July 31, 2025

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July 31, 2025

Sumitomo Mitsui Financial Group, Inc. Consolidated Financial Results for the three months ended June 30, 2025 <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: Toru Nakashima

Investors meeting presentation for financial results: Scheduled

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

1. Consolidated financial results (for the three months ended June 30, 2025)

 (1) Operating results

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

						Ordinary income								Ordinary profit								Profit attributable to owners of parent
Three months ended June 30, 2025							¥ 2,444,404				(3.1	)%		¥	483,337				(7.2	)%		¥	376,898				1.5	%
Three months ended June 30, 2024							2,522,567				11.0				520,888				49.2				371,355				49.7
Notes:		1.		Comprehensive income:
				(a) for the three months ended June 30, 2025: ¥   303,569 million [(42.6)%]
				(b) for the three months ended June 30, 2024: ¥   528,541 million [(39.1)%]
		2.		Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are an increase (decrease) from the same period in the previous fiscal year.
						Earnings per share								Earnings per share  (Diluted)
Three months ended June 30, 2025							¥  97.46								¥ 97.44
Three months ended June 30, 2024							94.36								94.34
Note:		On October 1, 2024, Sumitomo Mitsui Financial Group, Inc. (“the Company”) executed a three-for-one split of its common stock, with a record date of September 30, 2024. Earnings per share and Earnings per share (Diluted) reflect the impact of the stock split.
(2) Financial position
														(Millions of yen, except percentages)
						Total assets								Net assets								Net assets ratio
As of June 30, 2025							¥ 298,919,970								¥ 14,607,943								4.8%
As of March 31, 2025							306,282,015								14,841,509								4.8
Notes:		1.		Stockholders’ equity:
				(a) as of June 30, 2025: ¥14,471,936 million (b) as of March 31, 2025: ¥14,703,435 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, 2025			¥ —				¥ 180.00				¥ —				¥  62.00				¥   —
Fiscal year ending March 31, 2026			—
Fiscal year ending March 31, 2026 (Forecast)							68.00				—				68.00				136.00

Notes:		1.		Dividend forecast remains unchanged.
		2.		On October 1, 2024, the Company executed a three-for-one split of its common stock, with a record date of September 30, 2024. Cash dividends per share for 4th quarter reflect the impact of the stock split, and annual cash dividends per share are stated as “—.” If the stock split is not taken into account, 4th quarter and annual cash dividends per share would have been ¥186 and ¥366, respectively.

3. Earnings forecast on a consolidated basis (for the fiscal year ending March 31, 2026)

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

				Profit  attributable to owners of parent				Earnings per  share
Fiscal year ending March 31, 2026				¥ 1,300,000		10.4%		¥ 338.00

Notes:		1.		Earnings forecast remains unchanged.
		2.		Percentage shown in profit attributable to owners of parent is an increase (decrease) from the previous fiscal year.
		3.		Forecasted earnings per share are calculated by dividing forecasted profit attributable to owners of parent by the number of issued common stock (excluding treasury stock) as of June 30, 2025. The number of issued common stock (excluding treasury stock) takes into account the impact of the repurchase of its own shares resolved by the Company at the Board of Directors meeting held on May 14, 2025.

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[Notes]
(1) There were no changes in material consolidated subsidiaries during the period.
(2) Special accounting methods used for preparing quarterly consolidated financial statements were adopted.
Note: For more details, see page 5 “3. Notes to quarterly consolidated financial statements.”
(3) Changes in accounting policies, changes in accounting estimates and restatements
(a) Changes in accounting policies due to the application of new or revised accounting standards		: No
(b) Changes in accounting policies due to reasons other than above (a)		: No
(c) Changes in accounting estimates		: No
(d) Restatements		: No
(4) Number of shares issued (common stock)

		As of June 30, 2025				As of March 31, 2025
(a) Number of shares issued (including treasury stock)		3,884,445,458 shares				3,884,445,458 shares
(b) Number of treasury stock		28,233,300 shares				10,651,848 shares
		Three months ended  June 30, 2025				Three months ended  June 30, 2024
(c) Average number of shares issued during the period		3,867,113,836 shares				3,935,334,950 shares

		Notes:		1.		The Company has introduced a “Stock grant trust for employees” (hereinafter, the “Trust”), and the shares of the Company held by the Trust are included in the number of treasury stock to be deducted when calculating both the number of treasury stock and the average number of shares issued during the period.
				2.		On October 1, 2024, the Company executed a three-for-one split of its common stock, with a record date of September 30, 2024. The average number of shares issued during the period reflects the impact of the stock split.

[Note on quarterly review process]

The external auditor’s review of the quarterly consolidated financial statements : No

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.

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Sumitomo Mitsui Financial Group, Inc.

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I.		Consolidated operating results for the three months ended June 30, 2025 (fiscal 2025)			2
II.		Quarterly consolidated financial statements and main notes			3
1.		Quarterly consolidated balance sheets			3
2.		Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income			4
3.		Notes to quarterly consolidated financial statements			5
		Application of special accounting methods used for preparing quarterly consolidated financial statements			5
		Notes to segment and other related information			6
		Material changes in stockholders’ equity			6
		Note on going concern			6
		Notes to quarterly consolidated statements of cash flows			7

* Appendix: Financial results for the three months ended June 30, 2025 supplementary information

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Sumitomo Mitsui Financial Group, Inc.

I. Consolidated operating results for the three months ended June 30, 2025 (fiscal 2025)

The subject matter is described in the “Overview of 1Q FY3/2026” disclosed on July 31, 2025 (Thursday), which is available on our website at https://www.smfg.co.jp/english/investor/financial/latest_statement.html.

The information is posted under FY 2025 ended March 31, 2026, the Financial Results section, First Quarter, Overview of performance, on the above website.

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Sumitomo Mitsui Financial Group, Inc.

II. Quarterly consolidated financial statements and main notes

1. Quarterly consolidated balance sheets

		Millions of yen
		March 31, 2025				June 30, 2025
Assets:
Cash and due from banks		¥	75,590,583			¥	72,273,625
Call loans and bills bought			5,197,978				5,429,032
Receivables under resale agreements			16,205,759				14,211,175
Receivables under securities borrowing transactions			5,799,821				4,787,194
Monetary claims bought			5,618,985				5,761,273
Trading assets			11,976,375				10,803,649
Money held in trust			32,272				28,246
Securities			40,760,968				39,302,081
Loans and bills discounted			111,136,239				112,724,213
Foreign exchanges			2,712,573				2,392,161
Lease receivables and investment assets			231,199				228,254
Other assets			13,722,960				13,908,119
Tangible fixed assets			1,006,556				1,010,342
Intangible fixed assets			1,017,322				994,389
Net defined benefit asset			987,288				1,004,114
Deferred tax assets			71,261				86,143
Customers’ liabilities for acceptances and guarantees			15,139,799				14,919,148
Reserve for possible loan losses			(925,931)				(943,195)
Total assets		¥	306,282,015			¥	298,919,970
Liabilities:
Deposits		¥	171,498,651			¥	170,639,529
Negotiable certificates of deposit			17,175,391				15,172,887
Call money and bills sold			4,378,276				3,115,977
Payables under repurchase agreements			25,797,136				24,090,573
Payables under securities lending transactions			2,183,655				1,759,713
Commercial paper			2,686,483				3,169,772
Trading liabilities			9,726,615				8,976,537
Borrowed money			11,355,209				11,089,454
Foreign exchanges			1,771,839				1,783,258
Short-term bonds			728,200				688,900
Bonds			13,352,392				13,474,205
Due to trust account			1,041,660				989,598
Other liabilities			13,700,199				13,533,243
Reserve for employee bonuses			130,464				48,296
Reserve for executive bonuses			5,433				—
Net defined benefit liability			33,890				34,453
Reserve for executive retirement benefits			1,007				860
Reserve for point service program			32,656				32,759
Reserve for reimbursement of deposits			5,573				4,813
Reserve for losses on interest repayment			242,127				238,083
Reserves under the special laws			5,365				5,564
Deferred tax liabilities			422,050				517,316
Deferred tax liabilities for land revaluation			26,424				27,076
Acceptances and guarantees			15,139,799				14,919,148
Total liabilities			291,440,506				284,312,026
Net assets:
Capital stock			2,345,960				2,345,960
Capital surplus			611,423				611,422
Retained earnings			8,290,170				8,198,084
Treasury stock			(38,512)				(102,148)
Total stockholders’ equity			11,209,042				11,053,319
Net unrealized gains (losses) on other securities			1,930,834				2,034,250
Net deferred gains (losses) on hedges			(168,604)				(114,983)
Land revaluation excess			32,849				31,802
Foreign currency translation adjustments			1,411,827				1,194,477
Accumulated remeasurements of defined benefit plans			287,487				273,070
Total accumulated other comprehensive income			3,494,393				3,418,616
Stock acquisition rights			767				645
Non-controlling interests			137,306				135,362
Total net assets			14,841,509				14,607,943
Total liabilities and net assets		¥	306,282,015			¥	298,919,970

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Sumitomo Mitsui Financial Group, Inc.

2. Quarterly consolidated statements of income and quarterly consolidated statements of comprehensive income

  (Quarterly consolidated statements of income)

		Millions of yen
Three months ended June 30		2024				2025
Ordinary income		¥	2,522,567			¥	2,444,404
Interest income			1,750,588				1,712,446
Interest on loans and discounts			1,016,474				974,674
Interest and dividends on securities			219,802				225,701
Trust fees			2,157				2,731
Fees and commissions			445,825				473,019
Trading income			32,828				57,622
Other operating income			154,493				51,533
Other income			136,674				147,050
Ordinary expenses			2,001,679				1,961,067
Interest expenses			1,226,374				1,086,162
Interest on deposits			435,061				414,048
Fees and commissions payments			70,477				74,231
Trading losses			9,703				—
Other operating expenses			49,495				49,197
General and administrative expenses			592,407				599,674
Other expenses			53,220				151,801
Ordinary profit			520,888				483,337
Extraordinary gains			322				32
Extraordinary losses			3,031				1,795
Income before income taxes			518,178				481,574
Income taxes			144,796				102,242
Profit			373,382				379,331
Profit attributable to non-controlling interests			2,026				2,433
Profit attributable to owners of parent		¥	371,355			¥	376,898
(Quarterly consolidated statements of comprehensive income)
		Millions of yen
Three months ended June 30		2024				2025
Profit		¥	373,382			¥	379,331
Other comprehensive income (losses)			155,159				(75,762)
Net unrealized gains (losses) on other securities			(189,612)				106,845
Net deferred gains (losses) on hedges			(22,038)				54,707
Land revaluation excess			—				(776)
Foreign currency translation adjustments			323,673				(136,241)
Remeasurements of defined benefit plans			(7,154)				(14,459)
Share of other comprehensive income of affiliates			50,290				(85,837)
Total comprehensive income			528,541				303,569
Comprehensive income attributable to owners of parent			526,598				301,391
Comprehensive income attributable to non-controlling interests			1,943				2,178

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Sumitomo Mitsui Financial Group, Inc.

3. Notes to quarterly consolidated financial statements

(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, 2026, including the period for the three months ended June 30, 2025. The amounts of Income taxes include Income taxes-deferred.

- 5 -

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Sumitomo Mitsui Financial Group, Inc.

(Notes to segment and other related information)

1. Information on profit and loss amount by reportable segment

		Millions of yen
Three months ended June 30, 2024		Wholesale Business Unit				Retail Business Unit				Global Business Unit				Global Markets Business Unit				Head office account and others				Total
Consolidated gross profit		¥	204,100			¥	339,000			¥	353,200			¥	168,600			¥	(35,059	)		¥	1,029,841
General and administrative expenses			(82,400	)			(281,100	)			(234,500	)			(49,900	)			55,493				(592,407	)
Others			29,700				400				25,600				7,800				(32,105	)			31,395
Consolidated net business profit		¥	151,400			¥	58,300			¥	144,300			¥	126,500			¥	(11,671	)		¥	468,829

Notes:		1. Figures shown in parentheses represent a loss.
		2. “Others” includes equity in the profit and loss of affiliates and cooperated profit and loss based on internal managerial accounting.
		3. “Head office account and others” includes profit or loss to be eliminated as inter-segment transactions.

		Millions of yen
Three months ended June 30, 2025		Wholesale Business Unit				Retail Business Unit				Global Business Unit				Global Markets Business Unit				Head office account and others				Total
Consolidated gross profit		¥	277,500			¥	354,900			¥	359,000			¥	156,600			¥	(60,238	)		¥	1,087,762
General and administrative expenses			(95,200	)			(280,700	)			(232,400	)			(50,300	)			58,926				(599,674	)
Others			37,000				300				58,100				8,600				(47,806	)			56,194
Consolidated net business profit		¥	219,300			¥	74,500			¥	184,700			¥	114,900			¥	(49,118	)		¥	544,282

Notes:		1. Figures shown in parentheses represent a loss.
		2. “Others” includes equity in the profit and loss of affiliates and cooperated profit and loss based on internal managerial accounting.
		3. “Head office account and others” includes profit or loss to be eliminated as inter-segment transactions.

2. Difference between total amount of consolidated net business profit by reportable segment and ordinary profit on quarterly consolidated statements of income (adjustment of difference)

Three months ended June 30, 2024		Millions of yen
Consolidated net business profit		¥	468,829
Other ordinary income (excluding equity in gains of affiliates)			105,279
Other ordinary expenses			(53,220	)
Ordinary profit on quarterly consolidated statements of income		¥	520,888

Note:  Figures shown in parentheses represent a loss.

Three months ended June 30, 2025		Millions of yen
Consolidated net business profit		¥	544,282
Other ordinary income (excluding equity in gains of affiliates)			90,856
Other ordinary expenses			(151,801	)
Ordinary profit on quarterly consolidated statements of income		¥	483,337

Note:  Figures shown in parentheses represent a loss.

(Material changes in stockholders’ equity)

Not applicable.

(Note on going concern)

Not applicable.

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Sumitomo Mitsui Financial Group, Inc.

(Notes to quarterly consolidated statements of cash flows)

Quarterly consolidated statements of cash flows were not prepared for the three months ended June 30, 2025. “Depreciation” (including amortization of intangible fixed assets other than goodwill) and “Amortization of goodwill” for the three months ended June 30, 2024 and 2025, were as follows:

		Millions of yen
Three months ended June 30		2024				2025
Depreciation		¥	62,528			¥	61,807
Amortization of goodwill			7,215				6,529

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Sumitomo Mitsui Financial Group

Financial results

for the three months

ended June 30, 2025

- Supplementary information -

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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

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 June 30, 2025 will be announced when it is fixed.

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Sumitomo Mitsui Financial Group

1. Operating results

Consolidated														(Millions of yen)
								Three months ended June 30, 2025 (A)		Change   (A) - (B)				Three months ended June 30, 2024 (B)
Consolidated gross profit						1		1,087,762		57,921				1,029,841
		Net interest income				2		626,284		102,071				524,213
		Trust fees				3		2,731		574				2,157
		Net fees and commissions				4		398,788		23,440				375,348
		Net trading income				5		57,622		34,498				23,124
		Net other operating income				6		2,336		(102,662)				104,998
General and administrative expenses						7		(599,674)		(7,267)				(592,407)
Equity in gains (losses) of affiliates						8		56,194		24,799				31,395
Consolidated net business profit						9		544,282		75,453				468,829
Total credit cost						10		(75,645)		(46,443)				(29,202)
		Credit costs				11		(82,701)		(47,070)				(35,631)
				Write-off of loans		12		(39,566)		(10,636)				(28,930)
				Provision for reserve for possible loan losses		13		(36,151)		(36,151)				—
				Others		14		(6,982)		(282)				(6,700)
		Gains on reversal of reserve for possible loan losses				15		—		(2,061)				2,061
		Recoveries of written-off claims				16		7,056		2,689				4,367
Gains (losses) on stocks						17		41,054		(41,279)				82,333
Other income (expenses)						18		(26,354)		(25,283)				(1,071)
Ordinary profit						19		483,337		(37,551)				520,888
Extraordinary gains (losses)						20		(1,762)		947				(2,709)
		Gains (losses) on disposal of fixed assets				21		(1,056)		1,249				(2,305)
		Losses on impairment of fixed assets				22		(508)		(426)				(82)
Income before income taxes						23		481,574		(36,604)				518,178
Income taxes						24		(102,242)		42,554				(144,796)
Profit						25		379,331		5,949				373,382
Profit attributable to non-controlling interests						26		(2,433)		(407)				(2,026)
Profit attributable to owners of parent						27		376,898		5,543				371,355
Notes: 1.  Amounts less than 1 million yen are rounded down. Figures in parentheses 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.   The amount of Income taxes includes income taxes-deferred.
				Number of consolidated subsidiaries and affiliates
								June 30, 2025						March 31, 2025
										Change
				Consolidated subsidiaries		28		173		1				172
				Equity method affiliates		29		266		22				244

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Sumitomo Mitsui Financial Group

SMBC non-consolidated														(Millions of yen)
								Three months ended     June 30, 2025 (A)		Change     (A) - (B)				Three months ended June 30, 2024 (B)
Gross banking profit						1		578,464		58,985				519,479
		Net interest income				2		416,055		97,676				318,379
		Trust fees				3		1,092		313				779
		Net fees and commissions				4		131,653		4,198				127,455
		Net trading income				5		21,169		58,635				(37,466)
		Net other operating income				6		8,492		(101,839)				110,331
		Gains (losses) on bonds				7		14,371		4,354				10,017
Expenses (excluding non-recurring losses)						8		(271,909)		(4,581)				(267,328)
		Personnel expenses				9		(112,640)		542				(113,182)
		Non-personnel expenses				10		(142,252)		(6,177)				(136,075)
		Taxes				11		(17,016)		1,054				(18,070)
Banking profit (before provision for general reserve for possible loan losses)						12		306,554		54,403				252,151
Gains (losses) on bonds						13		14,371		4,354				10,017
		Core banking profit (12-13)				14		292,183		50,050				242,133
				excluding gains (losses) on cancellation of investment trusts		15		272,970		52,606				220,364
Provision for general reserve for possible loan losses						16		(1,049)		(1,049)				—
Banking profit						17		305,505		53,354				252,151
Non-recurring gains (losses)						18		32,850		(87,179)				120,029
		Credit costs				19		(7,058)		(6,320)				(738)
		Gains on reversal of reserve for possible loan losses				20		—		(29,854)				29,854
		Recoveries of written-off claims				21		2,685		2,685				—
		Gains (losses) on stocks				22		59,501		(22,582)				82,083
				Gains on sales of stocks		23		70,801		(18,381)				89,182
				Losses on sales of stocks		24		(7,188)		(7,127)				(61)
				Losses on devaluation of stocks		25		(4,111)		2,926				(7,037)
		Other non-recurring gains (losses)				26		(22,277)		(31,106)				8,829
Ordinary profit						27		338,355		(33,825)				372,180
Extraordinary gains (losses)						28		(1,482)		736				(2,218)
		Gains (losses) on disposal of fixed assets				29		(979)		1,191				(2,170)
		Losses on impairment of fixed assets				30		(503)		(455)				(48)
Income before income taxes						31		336,872		(33,090)				369,962
Income taxes						32		(83,305)		25,157				(108,462)
Net income						33		253,567		(7,932)				261,499
Total credit cost (16+19+20+21)						34		(5,423)		(34,538)				29,115
		Provision for general reserve for possible loan losses				35		(1,049)		(30,163)				29,114
		Write-off of loans				36		(4)		533				(537)
		Provision for specific reserve for possible loan losses				37		(7,411)		(8,078)				667
		Losses on sales of delinquent loans				38		(785)		(585)				(200)
		Provision for loan loss reserve for specific overseas countries				39		1,143		1,071				72
		Recoveries of written-off claims				40		2,685		2,685				—

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

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Sumitomo Mitsui Financial Group

2. Interest spread (domestic)

SMBC non-consolidated										(%)
				Three months   ended June 30, 2025 (A)						Three months     ended        June 30, 2024 (B)
						Change   (A) - (B)
Interest earned on loans and bills discounted (a)				1.26		0.34				0.92
Interest paid on deposits, etc. (b)				0.18		0.17				0.01
Interest spread (a) - (b)				1.08		0.17				0.91
Reference: The figures below exclude loans to the Japanese government, among others.
Interest earned on loans and bills discounted (c)				1.27		0.33				0.94
Interest spread (c) - (b)				1.09		0.16				0.93

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

Consolidated														(Billions of yen)
								June 30, 2025						March 31, 2025
										Change from    March 31, 2025
		Bankrupt and quasi-bankrupt loans				1		91.2		16.0				75.2
		Doubtful loans				2		491.2		36.4				454.8
		Substandard loans				3		431.7		80.0				351.7
				Past due loans (3 months or more)		4		78.7		17.9				60.8
				Restructured loans		5		353.1		62.2				290.9
		Total (A)				6		1,014.1		132.4				881.7
		Normal assets				7		130,905.2		824.4				130,080.8
		Grand total (B)				8		131,919.4		956.9				130,962.5
														(%)
		NPL ratio (A/B)				9		0.77		0.10				0.67
		Amount of direct reduction						251.0		8.0				243.0
SMBC non-consolidated														(Billions of yen)
								June 30, 2025						March 31, 2025
										Change from    March 31, 2025
		Bankrupt and quasi-bankrupt loans				10		53.5		(2.3)				55.8
		Doubtful loans				11		334.9		11.5				323.5
		Substandard loans				12		229.0		71.8				157.2
				Past due loans (3 months or more)		13		23.1		1.4				21.7
				Restructured loans		14		206.0		70.4				135.6
		Total (A)				15		617.5		81.0				536.5
		Normal assets				16		123,760.9		890.5				122,870.5
		Grand total (B)				17		124,378.4		971.5				123,406.9
														(%)
		NPL ratio (A/B)				18		0.50		0.07				0.43
		Amount of direct reduction						193.4		(4.4)				197.8

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4. Unrealized gains (losses) on securities

Consolidated																																(Billions of yen)
												June 30, 2025															March 31, 2025
												Balance sheet  amount				Net unrealized   gains (losses)											Balance sheet    amount					Net unrealized   gains (losses)
																		Change from  March 31, 2025			Gains			Losses
		Held-to-maturity securities							1									631.7				(2.8)		3.4									1.9			4.7			274.4			(6.2)
		Other securities							2			38,328.6				2,988.2		182.1			3,663.0			674.9			39,776.8					2,806.0
				Stocks					3			3,100.7				2,034.9		73.9			2,039.5			4.6			3,045.2					1,960.9
				Bonds					4			11,521.1				(134.8)		10.0			7.7			142.5			13,893.5					(144.8)
						Japanese government bonds			5			8,905.9				(49.7)		2.7			0.8			50.5			11,180.5					(52.4)
				Others					6			23,706.9				1,088.1		98.2			1,615.9			527.8			22,838.1					989.9
						Foreign bonds			7			18,656.4				(370.4)		78.7			106.2			476.6			17,424.7					(449.1)
		Other money held in trust							8			0.5				—		—			—			—			0.5					—
		Total							9			38,960.9				2,985.4		185.5			3,665.0			679.6			40,051.7					2,799.8
						Stocks			10			3,100.7				2,034.9		73.9			2,039.5			4.6			3,045.2					1,960.9
						Bonds			11			12,152.8				(137.6)		13.4			9.6			147.2			14,167.9					(151.0)
						Others			12			23,707.4				1,088.1		98.2			1,615.9			527.8			22,838.6					989.9
SMBC non-consolidated																																(Billions of yen)
												June 30, 2025															March 31, 2025
												Balance sheet  amount				Net unrealized   gains (losses)											Balance sheet   amount					Net unrealized    gains (losses)
														Change from   March 31, 2025					Gains			Losses
		Held-to-maturity securities							13					319.6				0.9		2.1			1.9							1.0					22.3			(1.2)
		Stocks of subsidiaries and affiliates							14			4,909.8				(95.0)		(24.9)			2.4			97.4			5,009.8					(70.1)
		Other securities							15			32,022.3				1,935.9		161.5			2,599.1			663.1			33,564.6					1,774.4
				Stocks					16			2,721.9				1,868.3		51.1			1,872.8			4.5			2,693.6					1,817.2
				Bonds					17			11,459.8				(131.1)		9.8			7.7			138.8			13,835.1					(140.9)
						Japanese government bonds			18			8,905.9				(49.7)		2.7			0.8			50.5			11,180.5					(52.4)
				Others					19			17,840.6				198.7		100.6			718.6			519.8			17,035.9					98.2
						Foreign bonds			20			13,855.9				(392.7)		66.2			76.2			468.9			12,711.0					(458.9)
		Total							21			37,251.8				1,841.8		138.6			2,603.4			761.5			38,596.7					1,703.2
						Stocks			22			3,016.2				1,870.7		51.8			1,875.2			4.5			2,987.9					1,818.9
						Bonds			23			11,779.4				(130.2)		11.9			9.6			139.8			13,857.4					(142.1)
						Others			24			22,456.1				101.3		74.9			718.6			617.2			21,751.3					26.4

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 measured based on the market prices of securities 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.

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5. Deposits and loans

SMBC non-consolidated										(Billions of yen)
				June 30, 2025						March 31,  2025
						Change from    March 31, 2025
Domestic deposits				130,962.9		138.6				130,824.3
		Individual		61,775.4		556.3				61,219.1
Note : The figures above exclude negotiable certificates of deposit and offshore banking accounts in Japan.
Loans and bills discounted				106,279.2		1,763.6				104,515.6
		Domestic offices (excluding offshore banking accounts)		68,729.1		1,284.0				67,445.1
		Overseas offices and offshore banking accounts		37,550.1		479.6				37,070.5

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FAQ

Where can investors find Willis Towers Watson’s Q2 2025 financial figures?

Refer to Exhibit 99.1 (press release) and Exhibit 99.2 (slide deck) furnished with this Form 8-K.

Are the earnings materials considered "filed" with the SEC?

No. Items 2.02 and 7.01 are furnished, not filed, and are exempt from Section 18 liability unless later incorporated.

What trading symbol and exchange does Willis Towers Watson use?

WTW’s ordinary shares trade under symbol WTW on the NASDAQ Global Select Market.

Who signed the Form 8-K for Willis Towers Watson?

Chief Financial Officer Andrew Krasner signed the filing on 31 July 2025.

What additional exhibit accompanies the 8-K besides the earnings documents?

The Cover Page Interactive Data File is supplied as Exhibit 104 in Inline XBRL format.