[6-K] Sumitomo Mitsui Financial Group, Inc American Current Report (Foreign Issuer)
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.
Sumitomo Mitsui Financial Group, Inc. (SMFG) ha presentato un Modulo 6-K il 20 giugno 2025, divulgando correzioni ai risultati finanziari consolidati per l'esercizio chiuso al 31 marzo 2025 redatti secondo i principi contabili giapponesi (Japanese GAAP).
Motivo della rettifica: Sono stati riscontrati errori nelle voci relative ai flussi di cassa – Guadagni/perdite nette da cambi, Emissione e rimborso di obbligazioni (escluse obbligazioni subordinate), Variazione netta dovuta a conti fiduciari e Effetto delle variazioni del tasso di cambio su liquidità e mezzi equivalenti. Questi errori hanno influenzato il Rendiconto finanziario consolidato ma non hanno modificato la liquidità finale dell’esercizio (¥66.187,7 miliardi) né i totali dei flussi di cassa da investimenti/finanziamenti.
Principali revisioni (FY 2025):
- Il flusso di cassa netto da attività operative è stato rettificato da ¥4.969,4 miliardi a ¥4.848,5 miliardi (-¥120,9 miliardi, pari a -2,4%).
- L’aumento anno su anno del flusso di cassa operativo è ora di ¥4.205,6 miliardi invece di ¥4.326,6 miliardi.
- Flusso di cassa da investimenti invariato a -¥4.512,9 miliardi.
- Flusso di cassa da finanziamenti invariato a -¥480,1 miliardi.
Il documento segnala che non vi sono state revisioni ai dati del conto economico né dello stato patrimoniale. La relazione è stata firmata dalla direzione e il documento è incluso per riferimento nella registrazione a scaffale Form F-3 di SMFG.
Implicazioni per gli investitori: La correzione al ribasso è modesta rispetto alla dimensione di SMFG e mantiene intatti gli indicatori di liquidità; tuttavia, evidenzia debolezze nei controlli interni nella preparazione dei flussi di cassa e potrebbe attirare l’attenzione di revisori o autorità di regolamentazione.
Sumitomo Mitsui Financial Group, Inc. (SMFG) presentó un Formulario 6-K el 20 de junio de 2025 revelando correcciones en los resultados financieros consolidados del ejercicio fiscal terminado el 31 de marzo de 2025 preparados bajo los principios contables japoneses (Japanese GAAP).
Razón de la rectificación: Se identificaron errores en partidas relacionadas con el flujo de efectivo – Ganancias/pérdidas netas por tipo de cambio, Emisión y redención de bonos (excluyendo bonos subordinados), Cambio neto debido a cuentas fiduciarias y el Efecto de las variaciones del tipo de cambio sobre el efectivo y equivalentes. Estos errores afectaron el Estado Consolidado de Flujos de Efectivo pero no alteraron el efectivo y equivalentes al cierre del ejercicio (¥66,187.7 mil millones) ni los totales de flujos de efectivo por inversión/financiación.
Revisiones clave (AF 2025):
- El flujo neto de efectivo generado por actividades operativas se revisó de ¥4,969.4 mil millones a ¥4,848.5 mil millones (-¥120.9 mil millones, o -2.4%).
- El incremento interanual en el flujo de efectivo operativo es ahora ¥4,205.6 mil millones en lugar de ¥4,326.6 mil millones.
- Flujo de efectivo de inversión sin cambios en -¥4,512.9 mil millones.
- Flujo de efectivo de financiación sin cambios en -¥480.1 mil millones.
El documento señala que no hubo revisiones en las cifras del estado de resultados ni del balance general. La gerencia firmó el informe y el documento se incorpora por referencia en el registro de Formulario F-3 de SMFG.
Implicaciones para los inversores: El ajuste a la baja es modesto en relación con la escala de SMFG y mantiene intactos los indicadores de liquidez; sin embargo, pone de manifiesto debilidades en el control interno en la preparación del flujo de efectivo y podría atraer la atención de auditores o reguladores.
스미토모 미쓰이 금융 그룹 주식회사(SMFG)는 2025년 6월 20일에 일본 회계기준(Japanese GAAP) 하에 작성된 2025년 3월 31일 종료된 회계연도 연결 재무제표 수정사항을 공시하는 Form 6-K를 제출하였습니다.
수정 사유: 현금흐름 관련 항목에서 오류가 발견되었습니다 – 순환율 손익, 채권 발행 및 상환(후순위 채권 제외), 신탁계정 관련 순변동, 환율 변동이 현금 및 현금성 자산에 미치는 영향 등이 이에 해당합니다. 이 오류들은 연결 현금흐름표에 영향을 미쳤으나 연말 현금 및 현금성 자산(¥66,187.7억엔)이나 투자/재무 현금흐름 총액에는 영향을 주지 않았습니다.
주요 수정 내용 (2025 회계연도):
- 영업활동으로 인한 순현금흐름이 ¥4,969.4억엔에서 ¥4,848.5억엔으로 수정됨 (-¥120.9억엔, -2.4%).
- 영업 현금흐름의 전년 대비 증가는 기존 ¥4,326.6억엔에서 ¥4,205.6억엔으로 변경됨.
- 투자 현금흐름은 -¥4,512.9억엔으로 변동 없음.
- 재무 현금흐름은 -¥480.1억엔으로 변동 없음.
보고서에는 손익계산서나 재무상태표 수치에는 수정이 없음을 명시하였으며, 경영진이 서명하였고 해당 문서는 SMFG의 Form F-3 등록서류에 참고 문서로 포함됩니다.
투자자에 대한 시사점: 조정 규모는 SMFG의 규모에 비해 미미하며 유동성 지표에는 영향이 없으나, 현금흐름 작성상의 내부 통제 취약점을 드러내어 감사인이나 규제 당국의 주목을 받을 수 있습니다.
Sumitomo Mitsui Financial Group, Inc. (SMFG) a déposé un formulaire 6-K le 20 juin 2025, divulguant des corrections aux résultats financiers consolidés pour l’exercice clos le 31 mars 2025 préparés selon les normes comptables japonaises (Japanese GAAP).
Raison de la rectification : Des erreurs ont été identifiées dans les postes liés aux flux de trésorerie – gains/pertes nets de change, émission et remboursement d’obligations (hors obligations subordonnées), variation nette due aux comptes fiduciaires, et l’effet des variations de change sur la trésorerie et équivalents de trésorerie. Ces erreurs ont affecté les états consolidés des flux de trésorerie mais n’ont pas modifié la trésorerie et équivalents de trésorerie en fin d’exercice (¥66 187,7 milliards) ni les totaux des flux de trésorerie liés aux investissements/financements.
Principales révisions (exercice 2025) :
- La trésorerie nette générée par les activités opérationnelles a été révisée de ¥4 969,4 milliards à ¥4 848,5 milliards (-¥120,9 milliards, soit -2,4 %).
- L’augmentation annuelle des flux de trésorerie opérationnels est désormais de ¥4 205,6 milliards au lieu de ¥4 326,6 milliards.
- Flux de trésorerie liés aux investissements inchangés à -¥4 512,9 milliards.
- Flux de trésorerie liés au financement inchangés à -¥480,1 milliards.
Le dépôt précise qu’aucune révision n’a été apportée aux chiffres du compte de résultat ou du bilan. La direction a signé le rapport, et le document est intégré par référence dans l’enregistrement en shelf registration Form F-3 de SMFG.
Implications pour les investisseurs : L’ajustement à la baisse est modeste par rapport à l’envergure de SMFG et ne modifie pas les indicateurs de liquidité ; toutefois, il met en lumière des faiblesses dans le contrôle interne lors de la préparation des flux de trésorerie et pourrait attirer l’attention des auditeurs ou des régulateurs.
Sumitomo Mitsui Financial Group, Inc. (SMFG) reichte am 20. Juni 2025 ein Formular 6-K ein, in dem Korrekturen der konsolidierten Finanzergebnisse für das am 31. März 2025 endende Geschäftsjahr offengelegt wurden, die nach den japanischen Rechnungslegungsgrundsätzen (Japanese GAAP) erstellt wurden.
Grund für die Berichtigung: Fehler wurden in den cashflow-bezogenen Posten festgestellt – Netto-Wechselkursgewinne/-verluste, Ausgabe und Rückzahlung von Anleihen (ohne nachrangige Anleihen), Nettoveränderung von Verbindlichkeiten gegenüber Treuhandkonten sowie der Effekt von Wechselkursänderungen auf Zahlungsmittel und Zahlungsmitteläquivalente. Diese Fehler betrafen die konsolidierte Kapitalflussrechnung, änderten jedoch weder den Jahresendbestand an Zahlungsmitteln und Zahlungsmitteläquivalenten (¥66.187,7 Mrd.) noch die Summen der Investitions- bzw. Finanzierungscashflows.
Wesentliche Anpassungen (Geschäftsjahr 2025):
- Der Netto-Cashflow aus operativer Tätigkeit wurde von ¥4.969,4 Mrd. auf ¥4.848,5 Mrd. korrigiert (-¥120,9 Mrd. bzw. -2,4%).
- Die jährliche Steigerung des operativen Cashflows beträgt nun ¥4.205,6 Mrd. statt ¥4.326,6 Mrd.
- Cashflow aus Investitionstätigkeit unverändert bei -¥4.512,9 Mrd.
- Cashflow aus Finanzierungstätigkeit unverändert bei -¥480,1 Mrd.
Die Einreichung weist darauf hin, dass es keine Änderungen bei den Gewinn- und Verlustrechnungs- oder Bilanzzahlen gab. Das Management hat den Bericht unterzeichnet, und das Dokument ist als Referenz in SMFGs Form F-3-Registereingabe aufgenommen.
Auswirkungen für Investoren: Die Abwärtskorrektur ist im Verhältnis zur Größe von SMFG gering und beeinträchtigt die Liquiditätskennzahlen nicht; sie weist jedoch auf Schwächen in der internen Kontrolle bei der Erstellung der Kapitalflussrechnung hin und könnte die Aufmerksamkeit von Prüfern oder Regulierungsbehörden auf sich ziehen.
- 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.
- 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
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.
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.
Sumitomo Mitsui Financial Group, Inc. (SMFG) ha presentato un Modulo 6-K il 20 giugno 2025, divulgando correzioni ai risultati finanziari consolidati per l'esercizio chiuso al 31 marzo 2025 redatti secondo i principi contabili giapponesi (Japanese GAAP).
Motivo della rettifica: Sono stati riscontrati errori nelle voci relative ai flussi di cassa – Guadagni/perdite nette da cambi, Emissione e rimborso di obbligazioni (escluse obbligazioni subordinate), Variazione netta dovuta a conti fiduciari e Effetto delle variazioni del tasso di cambio su liquidità e mezzi equivalenti. Questi errori hanno influenzato il Rendiconto finanziario consolidato ma non hanno modificato la liquidità finale dell’esercizio (¥66.187,7 miliardi) né i totali dei flussi di cassa da investimenti/finanziamenti.
Principali revisioni (FY 2025):
- Il flusso di cassa netto da attività operative è stato rettificato da ¥4.969,4 miliardi a ¥4.848,5 miliardi (-¥120,9 miliardi, pari a -2,4%).
- L’aumento anno su anno del flusso di cassa operativo è ora di ¥4.205,6 miliardi invece di ¥4.326,6 miliardi.
- Flusso di cassa da investimenti invariato a -¥4.512,9 miliardi.
- Flusso di cassa da finanziamenti invariato a -¥480,1 miliardi.
Il documento segnala che non vi sono state revisioni ai dati del conto economico né dello stato patrimoniale. La relazione è stata firmata dalla direzione e il documento è incluso per riferimento nella registrazione a scaffale Form F-3 di SMFG.
Implicazioni per gli investitori: La correzione al ribasso è modesta rispetto alla dimensione di SMFG e mantiene intatti gli indicatori di liquidità; tuttavia, evidenzia debolezze nei controlli interni nella preparazione dei flussi di cassa e potrebbe attirare l’attenzione di revisori o autorità di regolamentazione.
Sumitomo Mitsui Financial Group, Inc. (SMFG) presentó un Formulario 6-K el 20 de junio de 2025 revelando correcciones en los resultados financieros consolidados del ejercicio fiscal terminado el 31 de marzo de 2025 preparados bajo los principios contables japoneses (Japanese GAAP).
Razón de la rectificación: Se identificaron errores en partidas relacionadas con el flujo de efectivo – Ganancias/pérdidas netas por tipo de cambio, Emisión y redención de bonos (excluyendo bonos subordinados), Cambio neto debido a cuentas fiduciarias y el Efecto de las variaciones del tipo de cambio sobre el efectivo y equivalentes. Estos errores afectaron el Estado Consolidado de Flujos de Efectivo pero no alteraron el efectivo y equivalentes al cierre del ejercicio (¥66,187.7 mil millones) ni los totales de flujos de efectivo por inversión/financiación.
Revisiones clave (AF 2025):
- El flujo neto de efectivo generado por actividades operativas se revisó de ¥4,969.4 mil millones a ¥4,848.5 mil millones (-¥120.9 mil millones, o -2.4%).
- El incremento interanual en el flujo de efectivo operativo es ahora ¥4,205.6 mil millones en lugar de ¥4,326.6 mil millones.
- Flujo de efectivo de inversión sin cambios en -¥4,512.9 mil millones.
- Flujo de efectivo de financiación sin cambios en -¥480.1 mil millones.
El documento señala que no hubo revisiones en las cifras del estado de resultados ni del balance general. La gerencia firmó el informe y el documento se incorpora por referencia en el registro de Formulario F-3 de SMFG.
Implicaciones para los inversores: El ajuste a la baja es modesto en relación con la escala de SMFG y mantiene intactos los indicadores de liquidez; sin embargo, pone de manifiesto debilidades en el control interno en la preparación del flujo de efectivo y podría atraer la atención de auditores o reguladores.
스미토모 미쓰이 금융 그룹 주식회사(SMFG)는 2025년 6월 20일에 일본 회계기준(Japanese GAAP) 하에 작성된 2025년 3월 31일 종료된 회계연도 연결 재무제표 수정사항을 공시하는 Form 6-K를 제출하였습니다.
수정 사유: 현금흐름 관련 항목에서 오류가 발견되었습니다 – 순환율 손익, 채권 발행 및 상환(후순위 채권 제외), 신탁계정 관련 순변동, 환율 변동이 현금 및 현금성 자산에 미치는 영향 등이 이에 해당합니다. 이 오류들은 연결 현금흐름표에 영향을 미쳤으나 연말 현금 및 현금성 자산(¥66,187.7억엔)이나 투자/재무 현금흐름 총액에는 영향을 주지 않았습니다.
주요 수정 내용 (2025 회계연도):
- 영업활동으로 인한 순현금흐름이 ¥4,969.4억엔에서 ¥4,848.5억엔으로 수정됨 (-¥120.9억엔, -2.4%).
- 영업 현금흐름의 전년 대비 증가는 기존 ¥4,326.6억엔에서 ¥4,205.6억엔으로 변경됨.
- 투자 현금흐름은 -¥4,512.9억엔으로 변동 없음.
- 재무 현금흐름은 -¥480.1억엔으로 변동 없음.
보고서에는 손익계산서나 재무상태표 수치에는 수정이 없음을 명시하였으며, 경영진이 서명하였고 해당 문서는 SMFG의 Form F-3 등록서류에 참고 문서로 포함됩니다.
투자자에 대한 시사점: 조정 규모는 SMFG의 규모에 비해 미미하며 유동성 지표에는 영향이 없으나, 현금흐름 작성상의 내부 통제 취약점을 드러내어 감사인이나 규제 당국의 주목을 받을 수 있습니다.
Sumitomo Mitsui Financial Group, Inc. (SMFG) a déposé un formulaire 6-K le 20 juin 2025, divulguant des corrections aux résultats financiers consolidés pour l’exercice clos le 31 mars 2025 préparés selon les normes comptables japonaises (Japanese GAAP).
Raison de la rectification : Des erreurs ont été identifiées dans les postes liés aux flux de trésorerie – gains/pertes nets de change, émission et remboursement d’obligations (hors obligations subordonnées), variation nette due aux comptes fiduciaires, et l’effet des variations de change sur la trésorerie et équivalents de trésorerie. Ces erreurs ont affecté les états consolidés des flux de trésorerie mais n’ont pas modifié la trésorerie et équivalents de trésorerie en fin d’exercice (¥66 187,7 milliards) ni les totaux des flux de trésorerie liés aux investissements/financements.
Principales révisions (exercice 2025) :
- La trésorerie nette générée par les activités opérationnelles a été révisée de ¥4 969,4 milliards à ¥4 848,5 milliards (-¥120,9 milliards, soit -2,4 %).
- L’augmentation annuelle des flux de trésorerie opérationnels est désormais de ¥4 205,6 milliards au lieu de ¥4 326,6 milliards.
- Flux de trésorerie liés aux investissements inchangés à -¥4 512,9 milliards.
- Flux de trésorerie liés au financement inchangés à -¥480,1 milliards.
Le dépôt précise qu’aucune révision n’a été apportée aux chiffres du compte de résultat ou du bilan. La direction a signé le rapport, et le document est intégré par référence dans l’enregistrement en shelf registration Form F-3 de SMFG.
Implications pour les investisseurs : L’ajustement à la baisse est modeste par rapport à l’envergure de SMFG et ne modifie pas les indicateurs de liquidité ; toutefois, il met en lumière des faiblesses dans le contrôle interne lors de la préparation des flux de trésorerie et pourrait attirer l’attention des auditeurs ou des régulateurs.
Sumitomo Mitsui Financial Group, Inc. (SMFG) reichte am 20. Juni 2025 ein Formular 6-K ein, in dem Korrekturen der konsolidierten Finanzergebnisse für das am 31. März 2025 endende Geschäftsjahr offengelegt wurden, die nach den japanischen Rechnungslegungsgrundsätzen (Japanese GAAP) erstellt wurden.
Grund für die Berichtigung: Fehler wurden in den cashflow-bezogenen Posten festgestellt – Netto-Wechselkursgewinne/-verluste, Ausgabe und Rückzahlung von Anleihen (ohne nachrangige Anleihen), Nettoveränderung von Verbindlichkeiten gegenüber Treuhandkonten sowie der Effekt von Wechselkursänderungen auf Zahlungsmittel und Zahlungsmitteläquivalente. Diese Fehler betrafen die konsolidierte Kapitalflussrechnung, änderten jedoch weder den Jahresendbestand an Zahlungsmitteln und Zahlungsmitteläquivalenten (¥66.187,7 Mrd.) noch die Summen der Investitions- bzw. Finanzierungscashflows.
Wesentliche Anpassungen (Geschäftsjahr 2025):
- Der Netto-Cashflow aus operativer Tätigkeit wurde von ¥4.969,4 Mrd. auf ¥4.848,5 Mrd. korrigiert (-¥120,9 Mrd. bzw. -2,4%).
- Die jährliche Steigerung des operativen Cashflows beträgt nun ¥4.205,6 Mrd. statt ¥4.326,6 Mrd.
- Cashflow aus Investitionstätigkeit unverändert bei -¥4.512,9 Mrd.
- Cashflow aus Finanzierungstätigkeit unverändert bei -¥480,1 Mrd.
Die Einreichung weist darauf hin, dass es keine Änderungen bei den Gewinn- und Verlustrechnungs- oder Bilanzzahlen gab. Das Management hat den Bericht unterzeichnet, und das Dokument ist als Referenz in SMFGs Form F-3-Registereingabe aufgenommen.
Auswirkungen für Investoren: Die Abwärtskorrektur ist im Verhältnis zur Größe von SMFG gering und beeinträchtigt die Liquiditätskennzahlen nicht; sie weist jedoch auf Schwächen in der internen Kontrolle bei der Erstellung der Kapitalflussrechnung hin und könnte die Aufmerksamkeit von Prüfern oder Regulierungsbehörden auf sich ziehen.
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)
| 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.
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: June 20, 2025
June 20, 2025
Sumitomo Mitsui Financial Group, Inc.
Corrections to the Consolidated financial results for the fiscal year ended March 31, 2025
<Under Japanese GAAP>
TOKYO, June 20, 2025 — Sumitomo Mitsui Financial Group, Inc. announced today the following corrections to its “Consolidated financial results for the fiscal year ended March 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 31, 2025.
- 1 -
II. Corrected Sections
Summary
1. Consolidated financial results (for the fiscal year ended March 31, 2025)
(3) Cash flows
(Before correction)
| (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)
| (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 31, 2025
(3) Cash flows
(Before correction)
The Company generated ¥ 4,969.4 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 ¥ 4,326.6 billion, used ¥ 4,512.9 billion in cash flows from investing activities including purchases and sale of securities and tangible fixed assets, an year-on-year decrease of ¥ 3,594.0 billion, and used ¥ 480.1 billion in cash flows from financing activities including payment of dividends, an year-on-year decrease of ¥ 760.8 billion.
(After correction)
The Company generated ¥ 4,848.5 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 ¥ 4,205.6 billion, used ¥ 4,512.9 billion in cash flows from investing activities including purchases and sale of securities and tangible fixed assets, an year-on-year decrease of ¥ 3,594.0 billion, and used ¥ 480.1 billion in cash flows from financing activities including payment of dividends, an year-on-year decrease of ¥ 760.8 billion.
- 2 -
Page 11~12
III. Consolidated financial statements
4. Consolidated statements of cash flows
(Before correction)
| 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 | ||||||
|
|
|
|
|
|||||
- 3 -
(continued)
| 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 | ||||
|
|
|
|
|
|||||
- 4 -
(After correction)
| 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 | ||||||
|
|
|
|
|
|||||
- 5 -
(continued)
| 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 | ||||
|
|
|
|
|
|||||
|
|
|
|
|
|||||
- 6 -
FAQ
Why did SMFG (ticker: SMFG) file a 6-K on 20 June 2025?
How much was SMFG's FY 2025 operating cash flow revised?
Did the corrections affect SMFG's year-end cash balance?
Were investing or financing cash flows changed?
What caused the need for restatement?
Does this impact SMFG’s earnings or dividends?
