Sumitomo Mitsui files 6-K correcting FY25 cash flow errors

Rhea-AI Filing Summary

Sumitomo Mitsui Financial Group, Inc. (SMFG) filed a Form 6-K on 20 June 2025 disclosing corrections to the consolidated financial results for the fiscal year ended 31 March 2025 prepared under Japanese GAAP.

Reason for restatement: Errors were identified in cash-flow related line items – Net exchange gains/losses, Issuance and redemption of bonds (excluding subordinated bonds), Net change in due to trust account, and the Effect of exchange-rate changes on cash and cash equivalents. These mistakes affected the Consolidated Statements of Cash Flows but did not alter year-end cash and cash equivalents (¥66,187.7 bn) or investing/financing cash-flow totals.

Key revisions (FY 2025):

• Net cash provided by operating activities revised from ¥4,969.4 bn to ¥4,848.5 bn (-¥120.9 bn, or -2.4%).
• Year-on-year increase in operating cash flow now ¥4,205.6 bn instead of ¥4,326.6 bn.
• Investing cash flow unchanged at -¥4,512.9 bn.
• Financing cash flow unchanged at -¥480.1 bn.

The filing notes no revisions to income-statement or balance-sheet figures. Management signed the report, and the document is incorporated by reference into SMFG’s Form F-3 shelf registration.

Implications for investors: The downward adjustment is modest relative to SMFG’s scale and leaves liquidity metrics intact; however, it highlights internal control weaknesses in cash-flow preparation and could draw auditor or regulatory attention.

Positive

• Liquidity preserved: Year-end cash & equivalents remain at ¥66.19 tn, indicating no impact on solvency or funding capacity.
• Transparency: Management promptly disclosed and quantified all corrections, limiting uncertainty.

Negative

• Operating cash flow reduced by ¥120.9 bn (-2.4%).
• Accounting control concern: Errors in multiple cash-flow line items suggest weaknesses in financial reporting processes.

Insights

Financial Analyst

TL;DR: Minor 2.4% cut to FY25 operating cash flow; liquidity intact, control quality questioned.

The correction trims ¥120.9 bn from operating cash flow, reducing the figure to ¥4.85 tn. Relative to SMFG’s ¥66 tn year-end cash, the change is immaterial (<0.2%). No P&L or balance-sheet data were restated, and investing/financing flows are untouched. Hence valuation models and dividend capacity are unaffected. Still, recurrent cash-flow mis-classification hints at process weaknesses that could concern credit analysts and may necessitate remediation under J-SOX and NYSE listing standards.

Risk & Accounting Specialist

TL;DR: Restatement exposes accounting control gaps; financial impact negligible.

Restatements limited to specific cash-flow lines signal documentation or system errors in FX accounting and bond issuance records. The unchanged cash balance suggests no misappropriation, yet Sarbanes-Oxley equivalent control attestations could require enhancement. Investors should monitor auditor commentary in the next annual report and any management remediation plans.

Form 6-K: How Foreign Companies Report to the SEC →

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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 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 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)

&nbsp;

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

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.

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.

&nbsp;

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

Date:  June&nbsp;20, 2025

June 20, 2025

Sumitomo Mitsui Financial Group, Inc.

Corrections to the Consolidated financial results for the fiscal year ended March&nbsp;31, 2025

<Under Japanese GAAP>

TOKYO, June&nbsp;20, 2025 — Sumitomo Mitsui Financial Group, Inc. announced today the following corrections to its “Consolidated financial results for the fiscal year ended March&nbsp;31, 2025” (under Japanese GAAP) disclosed on May 14, 2025. (Corrected items are underlined)

I. Reason for the corrections

The corrections were made because errors were found in Net exchange (gains) losses, Issuance and redemption of bonds (excluding subordinated bonds), Net change in due to trust account and Effect of exchange rate changes on cash and cash equivalents of our Consolidated statements of cash flows for the fiscal year ended March&nbsp;31, 2025.

&nbsp;

- 1 -

II. Corrected Sections

Summary

1. Consolidated financial results (for the fiscal year ended March&nbsp;31, 2025)

(3) Cash flows

(Before correction)

&nbsp;

 

  

(Millions of yen)

 

  

  

Cash flows from  operating activities

 

  

Cash flows from  investing activities

 

  

Cash flows from  financing activities

 

  

Cash and cash   equivalents at  year-end

 

Fiscal year ended March 31, 2025

  

¥

4,969,423

 

  

¥

(4,512,943)

 

  

¥

(480,149)

 

  

¥

66,187,674

 

Fiscal year ended March 31, 2024

  

 

642,862

 

  

 

(918,904)

 

  

 

280,693

 

  

 

66,380,330

 

(After correction)

&nbsp;

 

  

(Millions of yen)

 

  

  

Cash flows from  operating activities

 

  

Cash flows from  investing activities

 

  

Cash flows from  financing activities

 

  

Cash and cash   equivalents at  year-end

 

Fiscal year ended March 31, 2025

  

¥

4,848,464

 

  

¥

(4,512,943)

 

  

¥

(480,149)

 

  

¥

66,187,674

 

Fiscal year ended March 31, 2024

  

 

642,862

 

  

 

(918,904)

 

  

 

280,693

 

  

 

66,380,330

 

Page 3

I. Operating and financial review

2. Consolidated financial position as of March&nbsp;31, 2025

(3) Cash flows

(Before correction)

The Company generated &yen; 4,969.4&nbsp;billion in cash flows from operating activities including interest received and paid, net changes in loans and bills discounted and deposits, an year-on-year increase of &yen; 4,326.6&nbsp;billion, used &yen; 4,512.9&nbsp;billion in cash flows from investing activities including purchases and sale of securities and tangible fixed assets, an year-on-year decrease of &yen; 3,594.0&nbsp;billion, and used &yen;&nbsp;480.1&nbsp;billion in cash flows from financing activities including payment of dividends, an year-on-year decrease of &yen; 760.8&nbsp;billion.

(After correction)

The Company generated &yen; 4,848.5&nbsp;billion in cash flows from operating activities including interest received and paid, net changes in loans and bills discounted and deposits, an year-on-year increase of &yen; 4,205.6&nbsp;billion, used &yen; 4,512.9&nbsp;billion in cash flows from investing activities including purchases and sale of securities and tangible fixed assets, an year-on-year decrease of &yen; 3,594.0&nbsp;billion, and used &yen;&nbsp;480.1&nbsp;billion in cash flows from financing activities including payment of dividends, an year-on-year decrease of &yen; 760.8&nbsp;billion.

&nbsp;

- 2 -

Page 11~12

III. Consolidated financial statements

4. Consolidated statements of cash flows

(Before correction)

&nbsp;

 	  	Millions of yen						 
Year ended March 31	  	2024		 	  	2025		 
Cash flows from operating activities:	  				  
Income before income taxes	  	¥	         1,342,349	 	  	¥	1,699,943	 
Depreciation	  	 	253,827	 	  	 	247,868	 
Losses on impairment of fixed assets	  	 	13,696	 	  	 	7,052	 
Amortization of goodwill	  	 	39,242	 	  	 	32,912	 
Losses related to sale of the freight car leasing business	  	 	108,191	 	  	 	—	 
Net (gains) losses on step acquisitions	  	 	(7,080)	 	  	 	—	 
Equity in (gains) losses of affiliates	  	 	(71,986)	 	  	 	5,504	 
Net change in reserve for possible loan losses	  	 	56,236	 	  	 	111,300	 
Net change in reserve for employee bonuses	  	 	15,231	 	  	 	14,321	 
Net change in reserve for executive bonuses	  	 	1,095	 	  	 	1,038	 
Net change in net defined benefit asset and liability	  	 	(206,752)	 	  	 	(76,526)	 
Net change in reserve for executive retirement benefits	  	 	46	 	  	 	(172)	 
Net change in reserve for point service program	  	 	6,962	 	  	 	(2,966)	 
Net change in reserve for reimbursement of deposits	  	 	(1,616)	 	  	 	(3,655)	 
Net change in reserve for losses on interest repayment	  	 	(6,431)	 	  	 	120,180	 
Interest income	  	 	(6,213,520)	 	  	 	(6,928,577)	 
Interest expenses	  	 	4,332,866	 	  	 	4,590,358	 
Net (gains) losses on securities	  	 	(157,931)	 	  	 	(460,489)	 
Net (gains) losses from money held in trust	  	 	(199)	 	  	 	88	 
Net exchange (gains) losses	  	 	(1,023,303)	 	  	 	121,784	 
Net (gains) losses from disposal of fixed assets	  	 	8,240	 	  	 	11,753	 
Net change in trading assets	  	 	(3,105,997)	 	  	 	(595,017)	 
Net change in trading liabilities	  	 	2,176,068	 	  	 	(299,132)	 
Net change in loans and bills discounted	  	 	(7,816,963)	 	  	 	(4,223,203)	 
Net change in deposits	  	 	4,874,227	 	  	 	6,752,524	 
Net change in negotiable certificates of deposit	  	 	1,614,779	 	  	 	2,506,958	 
Net change in borrowed money (excluding subordinated borrowings)	  	 	824,962	 	  	 	(3,315,758)	 
Net change in deposits with banks	  	 	(418,953)	 	  	 	2,299,127	 
Net change in call loans and bills bought and others	  	 	(2,223,456)	 	  	 	(6,829,158)	 
Net change in receivables under securities borrowing transactions	  	 	(1,222,928)	 	  	 	1,005,991	 
Net change in call money and bills sold and others	  	 	3,141,184	 	  	 	7,138,387	 
Net change in commercial paper	  	 	(56,179)	 	  	 	216,445	 
Net change in payables under securities lending transactions	  	 	215,664	 	  	 	441,046	 
Net change in foreign exchanges (assets)	  	 	(107,623)	 	  	 	(646,936)	 
Net change in foreign exchanges (liabilities)	  	 	1,402,696	 	  	 	(1,100,136)	 
Net change in lease receivables and investment assets	  	 	48,280	 	  	 	(16,993)	 
Net change in short-term bonds (liabilities)	  	 	439,000	 	  	 	(134,800)	 
Issuance and redemption of bonds (excluding subordinated bonds)	  	 	151,155	 	  	 	689,220	 
Net change in due to trust account	  	 	(525,794)	 	  	 	(771,841)	 
Interest received	  	 	6,109,785	 	  	 	6,964,670	 
Interest paid	  	 	(4,176,630)	 	  	 	(4,588,453)	 
Other, net	  	 	1,013,486	 	  	 	478,347	 
	  	 	 	 	  	 	 	 
Subtotal	  	 	845,931	 	  	 	5,463,007	 
	  	 	 	 	  	 	 	 
Income taxes paid	  	 	(203,069)	 	  	 	(493,583)	 
	  	 	 	 	  	 	 	 
Net cash provided by (used in) operating activities	  	 	642,862	 	  	 	4,969,423	 
	  	 	 	 	  	 	 	 

&nbsp;

- 3 -

(continued)

&nbsp;

 	  	Millions of yen						 
Year ended March 31	  	2024		 	  	2025		 
Cash flows from investing activities:	  				  
Purchases of securities	  	¥	       (36,598,269)	 	  	¥	(48,625,007)	 
Proceeds from sale of securities	  	 	14,138,643	 	  	 	18,204,027	 
Proceeds from redemption of securities	  	 	21,888,554	 	  	 	26,275,651	 
Purchases of money held in trust	  	 	(10,595)	 	  	 	(8,611)	 
Proceeds from sale of money held in trust	  	 	0	 	  	 	1	 
Purchases of tangible fixed assets	  	 	(141,688)	 	  	 	(110,930)	 
Proceeds from sale of tangible fixed assets	  	 	2,387	 	  	 	7,005	 
Purchases of intangible fixed assets	  	 	(250,193)	 	  	 	(256,035)	 
Purchases of stocks of subsidiaries resulting in change in scope of consolidation	  	 	(19,782)	 	  	 	(315)	 
Proceeds from sale of stocks of subsidiaries resulting in change in scope of consolidation	  	 	72,040	 	  	 	1,272	 
	  	 	 	 	  	 	 	 
Net cash provided by (used in) investing activities	  	 	(918,904)	 	  	 	(4,512,943)	 
	  	 	 	 	  	 	 	 
Cash flows from financing activities:	  				  
Proceeds from subordinated borrowings	  	 	10,000	 	  	 	33,000	 
Repayment of subordinated borrowings	  	 	(30,000)	 	  	 	(33,000)	 
Proceeds from issuance of subordinated bonds and bonds with stock acquisition rights	  	 	971,660	 	  	 	626,442	 
Redemption of subordinated bonds and bonds with stock acquisition rights	  	 	—	 	  	 	(437,067)	 
Dividends paid	  	 	(348,010)	 	  	 	(412,120)	 
Dividends paid to non-controlling stockholders	  	 	(9,004)	 	  	 	(5,956)	 
Purchases of treasury stock	  	 	(211,434)	 	  	 	(251,629)	 
Proceeds from disposal of treasury stock	  	 	216	 	  	 	181	 
Proceeds from sale of treasury stock of subsidiaries	  	 	4	 	  	 	0	 
Purchase of stocks of subsidiaries not resulting in change in scope of consolidation	  	 	(102,737)	 	  	 	—	 
	  	 	 	 	  	 	 	 
Net cash provided by (used in) financing activities	  	 	280,693	 	  	 	(480,149)	 
	  	 	 	 	  	 	 	 
Effect of exchange rate changes on cash and cash equivalents	  	 	511,430	 	  	 	(168,986)	 
	  	 	 	 	  	 	 	 
Net change in cash and cash equivalents	  	 	516,081	 	  	 	(192,656)	 
	  	 	 	 	  	 	 	 
Cash and cash equivalents at the beginning of the fiscal year	  	 	65,864,248	 	  	 	66,380,330	 
	  	 	 	 	  	 	 	 
Cash and cash equivalents at the end of the fiscal year	  	¥	66,380,330	 	  	¥	66,187,674	 
	  	 	 	 	  	 	 	 

&nbsp;

- 4 -

(After correction)

&nbsp;

 	  	Millions of yen						 
Year ended March 31	  	2024		 	  	2025		 
Cash flows from operating activities:	  				  
Income before income taxes	  	¥	         1,342,349	 	  	¥	1,699,943	 
Depreciation	  	 	253,827	 	  	 	247,868	 
Losses on impairment of fixed assets	  	 	13,696	 	  	 	7,052	 
Amortization of goodwill	  	 	39,242	 	  	 	32,912	 
Losses related to sale of the freight car leasing business	  	 	108,191	 	  	 	—	 
Net (gains) losses on step acquisitions	  	 	(7,080)	 	  	 	—	 
Equity in (gains) losses of affiliates	  	 	(71,986)	 	  	 	5,504	 
Net change in reserve for possible loan losses	  	 	56,236	 	  	 	111,300	 
Net change in reserve for employee bonuses	  	 	15,231	 	  	 	14,321	 
Net change in reserve for executive bonuses	  	 	1,095	 	  	 	1,038	 
Net change in net defined benefit asset and liability	  	 	(206,752)	 	  	 	(76,526)	 
Net change in reserve for executive retirement benefits	  	 	46	 	  	 	(172)	 
Net change in reserve for point service program	  	 	6,962	 	  	 	(2,966)	 
Net change in reserve for reimbursement of deposits	  	 	(1,616)	 	  	 	(3,655)	 
Net change in reserve for losses on interest repayment	  	 	(6,431)	 	  	 	120,180	 
Interest income	  	 	(6,213,520)	 	  	 	(6,928,577)	 
Interest expenses	  	 	4,332,866	 	  	 	4,590,358	 
Net (gains) losses on securities	  	 	(157,931)	 	  	 	(460,489)	 
Net (gains) losses from money held in trust	  	 	(199)	 	  	 	88	 
Net exchange (gains) losses	  	 	(1,023,303)	 	  	 	825	 
Net (gains) losses from disposal of fixed assets	  	 	8,240	 	  	 	11,753	 
Net change in trading assets	  	 	(3,105,997)	 	  	 	(595,017)	 
Net change in trading liabilities	  	 	2,176,068	 	  	 	(299,132)	 
Net change in loans and bills discounted	  	 	(7,816,963)	 	  	 	(4,223,203)	 
Net change in deposits	  	 	4,874,227	 	  	 	6,752,524	 
Net change in negotiable certificates of deposit	  	 	1,614,779	 	  	 	2,506,958	 
Net change in borrowed money (excluding subordinated borrowings)	  	 	824,962	 	  	 	(3,315,758)	 
Net change in deposits with banks	  	 	(418,953)	 	  	 	2,299,127	 
Net change in call loans and bills bought and others	  	 	(2,223,456)	 	  	 	(6,829,158)	 
Net change in receivables under securities borrowing transactions	  	 	(1,222,928)	 	  	 	1,005,991	 
Net change in call money and bills sold and others	  	 	3,141,184	 	  	 	7,138,387	 
Net change in commercial paper	  	 	(56,179)	 	  	 	216,445	 
Net change in payables under securities lending transactions	  	 	215,664	 	  	 	441,046	 
Net change in foreign exchanges (assets)	  	 	(107,623)	 	  	 	(646,936)	 
Net change in foreign exchanges (liabilities)	  	 	1,402,696	 	  	 	(1,100,136)	 
Net change in lease receivables and investment assets	  	 	48,280	 	  	 	(16,993)	 
Net change in short-term bonds (liabilities)	  	 	439,000	 	  	 	(134,800)	 
Issuance and redemption of bonds (excluding subordinated bonds)	  	 	151,155	 	  	 	121,915	 
Net change in due to trust account	  	 	(525,794)	 	  	 	(204,537)	 
Interest received	  	 	6,109,785	 	  	 	6,964,670	 
Interest paid	  	 	(4,176,630)	 	  	 	(4,588,453)	 
Other, net	  	 	1,013,486	 	  	 	478,347	 
	  	 	 	 	  	 	 	 
Subtotal	  	 	845,931	 	  	 	5,342,048	 
	  	 	 	 	  	 	 	 
Income taxes paid	  	 	(203,069)	 	  	 	(493,583)	 
	  	 	 	 	  	 	 	 
Net cash provided by (used in) operating activities	  	 	642,862	 	  	 	4,848,464	 
	  	 	 	 	  	 	 	 

&nbsp;

- 5 -

(continued)

&nbsp;

 	  	Millions of yen						 
Year ended March 31	  	2024		 	  	2025		 
Cash flows from investing activities:	  				  
Purchases of securities	  	¥	       (36,598,269)	 	  	¥	(48,625,007)	 
Proceeds from sale of securities	  	 	14,138,643	 	  	 	18,204,027	 
Proceeds from redemption of securities	  	 	21,888,554	 	  	 	26,275,651	 
Purchases of money held in trust	  	 	(10,595)	 	  	 	(8,611)	 
Proceeds from sale of money held in trust	  	 	0	 	  	 	1	 
Purchases of tangible fixed assets	  	 	(141,688)	 	  	 	(110,930)	 
Proceeds from sale of tangible fixed assets	  	 	2,387	 	  	 	7,005	 
Purchases of intangible fixed assets	  	 	(250,193)	 	  	 	(256,035)	 
Purchases of stocks of subsidiaries resulting in change in scope of consolidation	  	 	(19,782)	 	  	 	(315)	 
Proceeds from sale of stocks of subsidiaries resulting in change in scope of consolidation	  	 	72,040	 	  	 	1,272	 
	  	 	 	 	  	 	 	 
Net cash provided by (used in) investing activities	  	 	(918,904)	 	  	 	(4,512,943)	 
	  	 	 	 	  	 	 	 
Cash flows from financing activities:	  				  
Proceeds from subordinated borrowings	  	 	10,000	 	  	 	33,000	 
Repayment of subordinated borrowings	  	 	(30,000)	 	  	 	(33,000)	 
Proceeds from issuance of subordinated bonds and bonds with stock acquisition rights	  	 	971,660	 	  	 	626,442	 
Redemption of subordinated bonds and bonds with stock acquisition rights	  	 	—	 	  	 	(437,067)	 
Dividends paid	  	 	(348,010)	 	  	 	(412,120)	 
Dividends paid to non-controlling stockholders	  	 	(9,004)	 	  	 	(5,956)	 
Purchases of treasury stock	  	 	(211,434)	 	  	 	(251,629)	 
Proceeds from disposal of treasury stock	  	 	216	 	  	 	181	 
Proceeds from sale of treasury stock of subsidiaries	  	 	4	 	  	 	0	 
Purchase of stocks of subsidiaries not resulting in change in scope of consolidation	  	 	(102,737)	 	  	 	—	 
	  	 	 	 	  	 	 	 
Net cash provided by (used in) financing activities	  	 	280,693	 	  	 	(480,149)	 
	  	 	 	 	  	 	 	 
Effect of exchange rate changes on cash and cash equivalents	  	 	511,430	 	  	 	(48,027)	 
	  	 	 	 	  	 	 	 
Net change in cash and cash equivalents	  	 	516,081	 	  	 	(192,656)	 
	  	 	 	 	  	 	 	 
Cash and cash equivalents at the beginning of the fiscal year	  	 	65,864,248	 	  	 	66,380,330	 
	  	 	 	 	  	 	 	 
Cash and cash equivalents at the end of the fiscal year	  	¥	66,380,330	 	  	¥	66,187,674	 
	  	 	 	 	  	 	 	 
	  	 	 	 	  	 	 	 

&nbsp;

- 6 -

FAQ

Why did SMFG (ticker: SMFG) file a 6-K on 20 June 2025?

To disclose corrections to its FY 2025 consolidated cash-flow statement under Japanese GAAP.

How much was SMFG's FY 2025 operating cash flow revised?

It decreased by ¥120.9 bn to ¥4,848.5 bn.

Did the corrections affect SMFG's year-end cash balance?

No. Cash and cash equivalents at 31 March 2025 remain ¥66,187.7 bn.

Were investing or financing cash flows changed?

No. Investing cash flow stays at -¥4,512.9 bn and financing at -¥480.1 bn.

What caused the need for restatement?

Errors in Net exchange gains/losses, bond issuance/redemption data, trust account changes, and FX effects on cash.

Does this impact SMFG’s earnings or dividends?

The filing does not revise income-statement figures; dividend capacity appears unaffected.