Sumitomo Mitsui (NYSE: SMFG) lifts profit and reiterates 2026 earnings outlook

Rhea-AI Filing Summary

Sumitomo Mitsui Financial Group, Inc. reported higher earnings for the nine months ended December 31, 2025, with profit attributable to owners of parent rising to ¥1,394,768 million from ¥1,135,971 million. Ordinary profit increased to ¥1,899,055 million, helped by stronger net interest income and higher fees and commissions.

Consolidated gross profit grew to ¥3,592,988 million, while general and administrative expenses also increased to ¥1,899,234 million. Segment data show net business profit up across wholesale, retail, global, and global markets units. Comprehensive income improved to ¥1,923,729 million, reflecting large unrealized gains on securities.

For the fiscal year ending March 31, 2026, the company forecasts profit attributable to owners of parent of ¥1,500,000 million and earnings per share of ¥390.16, a 27.3% increase from the previous fiscal year, and notes that the earnings and dividend forecasts remain unchanged. Non‑performing loan ratios rose but stayed below 1% on both consolidated and non‑consolidated bases.

Positive

• Strong profit growth: Profit attributable to owners of parent rose to ¥1,394,768 million for the nine months ended December 31, 2025, up ¥258,796 million from the prior-year period, with ordinary profit increasing to ¥1,899,055 million on higher net interest income and fee revenues.
• Ambitious but reaffirmed outlook: For the fiscal year ending March 31, 2026, the company maintains a forecast of ¥1,500,000 million in profit attributable to owners of parent and earnings per share of ¥390.16, representing a 27.3% increase from the previous fiscal year.

Negative

• Rising credit costs: Consolidated total credit cost deteriorated to ¥216,782 million from ¥158,022 million, reflecting higher credit-related expenses despite stronger operating profits.
• Higher non-performing loans: Consolidated NPLs increased to ¥1,218.1 billion with the NPL ratio rising to 0.88% from 0.67%, and non‑consolidated NPLs at SMBC also grew to ¥807.7 billion, indicating some weakening in asset quality.

Insights

Banking sector equity analyst

SMFG delivers strong profit growth and reiterates an ambitious FY2026 outlook, with some uptick in credit risk.

Sumitomo Mitsui Financial Group shows solid operating momentum. Consolidated gross profit rose to ¥3,592,988 million, up ¥430,701 million, driven mainly by net interest income and fee growth. Ordinary profit increased to ¥1,899,055 million, supported by higher net business profit across all major segments.

Bottom-line performance was robust: profit attributable to owners of parent climbed to ¥1,394,768 million, a rise of ¥258,796 million versus the prior-year period. Comprehensive income more than increased to ¥1,923,729 million, aided by improved unrealized gains on securities, notably in stocks.

Management kept its earnings forecast unchanged, targeting fiscal-year profit attributable to owners of parent of ¥1,500,000 million and EPS of ¥390.16, implying a 27.3% increase from the previous year. Credit metrics softened, with the consolidated NPL ratio at 0.88% versus 0.67% and total credit cost more negative at ¥216,782 million, so future disclosures on asset quality and credit costs will be important for assessing sustainability of this profit trajectory.

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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 January 2026

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: January 30, 2026

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January 30, 2026

Sumitomo Mitsui Financial Group, Inc. Consolidated Financial Results for the nine months ended December 31, 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: Not scheduled

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

1. Consolidated financial results (for the nine months ended December 31, 2025)

 (1) Operating results

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

						Ordinary income								Ordinary profit								Profit attributable to owners of parent
Nine months ended December 31, 2025							¥    7,934,366				3.7	%		¥	1,899,055				17.3	%		¥	1,394,768				22.8	%
Nine months ended December 31, 2024							7,652,260				14.4				1,619,085				35.3				1,135,971				43.3
Notes:		1.		Comprehensive income:
				(a) for the nine months ended December 31, 2025: ¥   1,923,729 million [75.8%]
				(b) for the nine months ended December 31, 2024: ¥   1,094,402 million [(31.4)%]
		2.		Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the same period in the previous fiscal year.
						Earnings per share								Earnings per share  (Diluted)
Nine months ended December 31, 2025							¥ 362.20								¥ 362.12
Nine months ended December 31, 2024							289.99								289.92
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 December 31, 2025							¥ 316,731,786								¥ 15,786,704								4.9%
As of March 31, 2025							306,282,015								14,841,509								4.8
Notes:		1.		Stockholders’ equity:
				(a) as of December 31, 2025: ¥ 15,651,179 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			—				78.00				—
Fiscal year ending March 31, 2026 (Forecast)															79.00				157.00

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. For the fiscal year ended March 31, 2025, the cash dividends per share for the 4th quarter reflect the impact of the stock split, and the annual cash dividends per share are stated as “—.” If the stock split is not taken into account, the 4th quarter and annual cash dividends per share would have been ¥186 and ¥366, respectively. The cash dividends per share for the 2nd quarter and annual cash dividends per share after reflecting the stock split are ¥60 and ¥122, 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				¥ 1,500,000		27.3%		¥ 390.16

Notes:		1.		Earnings forecast remains unchanged.
		2.		Percentage shown in profit attributable to owners of parent is the increase (decrease) from the previous fiscal year.
		3.		At the Board of Directors meeting held on November 14, 2025, the Company resolved to acquire treasury stock. Forecasted earnings per share are calculated by dividing the forecasted profit attributable to owners of parent by the number of common stock shares. The number of common stock shares used as the basis for this calculation is the average of “the number of issued common stock shares at the beginning of the period (excluding treasury stock)” and “the expected number of issued common stock shares at the end of the period,” represented by the number of shares as of the end of the third quarter (excluding treasury stock) after reflecting the aforementioned acquisition of treasury stock.

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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 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 stocks)

		As of December 31, 2025				As of March 31, 2025
(a) Number of shares issued (including treasury stocks)		3,857,407,640 shares				3,884,445,458 shares
(b) Number of treasury stocks		29,270,960 shares				10,651,848 shares
		Nine months ended  December 31, 2025				Nine months ended  December 31, 2024
(c) Average number of shares issued during the period		3,850,846,378 shares				3,917,225,669 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 nine months ended December 31, 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 nine months ended December 31, 2025 supplementary information

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Sumitomo Mitsui Financial Group, Inc.

I. Consolidated operating results for the nine months ended December 31, 2025 (fiscal 2025)

The subject matter is described in the “Overview of 3Q FY3/2026” disclosed on January 30, 2026 (Friday), 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 ending March 31, 2026, Financial Results section, Third Quarter, Overview of performance, on the above website.

- 2 -

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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				December 31, 2025
Assets:
Cash and due from banks		¥	75,590,583			¥	69,260,055
Call loans and bills bought			5,197,978				6,505,392
Receivables under resale agreements			16,205,759				19,469,791
Receivables under securities borrowing transactions			5,799,821				5,751,748
Monetary claims bought			5,618,985				6,134,892
Trading assets			11,976,375				15,310,913
Money held in trust			32,272				36,592
Securities			40,760,968				40,638,541
Loans and bills discounted			111,136,239				117,344,675
Foreign exchanges			2,712,573				2,162,987
Lease receivables and investment assets			231,199				216,856
Other assets			13,722,960				15,505,536
Tangible fixed assets			1,006,556				1,053,597
Intangible fixed assets			1,017,322				1,071,882
Net defined benefit asset			987,288				1,032,358
Deferred tax assets			71,261				97,991
Customers’ liabilities for acceptances and guarantees			15,139,799				16,085,990
Reserve for possible loan losses			(925,931)				(948,019)
Total assets		¥	306,282,015			¥	316,731,786
Liabilities:
Deposits		¥	171,498,651			¥	176,802,490
Negotiable certificates of deposit			17,175,391				16,447,629
Call money and bills sold			4,378,276				3,235,666
Payables under repurchase agreements			25,797,136				26,094,224
Payables under securities lending transactions			2,183,655				1,664,376
Commercial paper			2,686,483				3,608,267
Trading liabilities			9,726,615				12,153,731
Borrowed money			11,355,209				9,460,833
Foreign exchanges			1,771,839				1,593,871
Short-term bonds			728,200				586,312
Bonds			13,352,392				14,726,703
Due to trust account			1,041,660				1,512,257
Other liabilities			13,700,199				15,885,940
Reserve for employee bonuses			130,464				88,717
Reserve for executive bonuses			5,433				—
Net defined benefit liability			33,890				35,402
Reserve for executive retirement benefits			1,007				850
Reserve for point service program			32,656				33,653
Reserve for reimbursement of deposits			5,573				2,947
Reserve for losses on interest repayment			242,127				230,633
Reserves under the special laws			5,365				6,280
Deferred tax liabilities			422,050				662,150
Deferred tax liabilities for land revaluation			26,424				26,150
Acceptances and guarantees			15,139,799				16,085,990
Total liabilities			291,440,506				300,945,082
Net assets:
Capital stock			2,345,960				2,346,888
Capital surplus			611,423				586,966
Retained earnings			8,290,170				8,822,017
Treasury stock			(38,512)				(127,286)
Total stockholders’ equity			11,209,042				11,628,585
Net unrealized gains (losses) on other securities			1,930,834				2,414,111
Net deferred gains (losses) on hedges			(168,604)				(237,643)
Land revaluation excess			32,849				29,719
Foreign currency translation adjustments			1,411,827				1,565,142
Accumulated remeasurements of defined benefit plans			287,487				251,265
Total accumulated other comprehensive income			3,494,393				4,022,594
Stock acquisition rights			767				642
Non-controlling interests			137,306				134,882
Total net assets			14,841,509				15,786,704
Total liabilities and net assets		¥	306,282,015			¥	316,731,786

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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
Nine months ended December 31		2024				2025
Ordinary income		¥	7,652,260			¥	7,934,366
Interest income			5,214,666				5,330,631
Interest on loans and discounts			3,023,432				3,027,364
Interest and dividends on securities			683,234				721,263
Trust fees			7,010				8,412
Fees and commissions			1,401,779				1,520,131
Trading income			222,109				183,472
Other operating income			254,406				336,253
Other income			552,290				555,465
Ordinary expenses			6,033,174				6,035,311
Interest expenses			3,535,091				3,384,457
Interest on deposits			1,288,630				1,275,788
Fees and commissions payments			231,110				218,877
Other operating expenses			171,482				182,577
General and administrative expenses			1,772,978				1,899,234
Other expenses			322,512				350,163
Ordinary profit			1,619,085				1,899,055
Extraordinary gains			2,423				2,305
Extraordinary losses			9,061				7,141
Income before income taxes			1,612,448				1,894,219
Income taxes			470,023				501,867
Profit			1,142,424				1,392,351
Profit (loss) attributable to non-controlling interests			6,452				(2,416)
Profit attributable to owners of parent		¥	1,135,971			¥	1,394,768
(Quarterly consolidated statements of comprehensive income)
		Millions of yen
Nine months ended December 31		2024				2025
Profit		¥	1,142,424			¥	1,392,351
Other comprehensive income (losses)			(48,021)				531,378
Net unrealized gains (losses) on other securities			(136,601)				485,794
Net deferred gains (losses) on hedges			(83,990)				(67,568)
Land revaluation excess			—				(776)
Foreign currency translation adjustments			180,852				204,602
Remeasurements of defined benefit plans			(21,238)				(36,305)
Share of other comprehensive income of affiliates			12,955				(54,368)
Total comprehensive income			1,094,402				1,923,729
Comprehensive income attributable to owners of parent			1,081,953				1,925,322
Comprehensive income attributable to non-controlling interests			12,449				(1,592)

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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 nine months ended December 31, 2025. The amounts of Income taxes include Income taxes-deferred.

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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
Nine months ended December 31, 2024		Wholesale Business Unit				Retail Business Unit				Global Business Unit				Global Markets Business Unit				Head office account and others				Total
Consolidated gross profit		¥	671,700			¥	1,012,900			¥	1,075,700			¥	535,800			¥	(133,814	)		¥	3,162,286
General and administrative expenses			(244,000	)			(810,700	)			(690,600	)			(148,400	)			120,722				(1,772,978	)
Others			92,300				3,300				83,500				25,900				(134,485	)			70,515
Consolidated net business profit		¥	520,000			¥	205,500			¥	468,600			¥	413,300			¥	(147,577	)		¥	1,459,823

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
Nine months ended December 31, 2025		Wholesale Business Unit				Retail Business Unit				Global Business Unit				Global Markets Business Unit				Head office account and others				Total
Consolidated gross profit		¥	874,500			¥	1,119,400			¥	1,158,800			¥	513,200			¥	(72,912	)		¥	3,592,988
General and administrative expenses			(301,000	)			(829,100	)			(768,900	)			(166,900	)			166,666				(1,899,234	)
Others			111,100				3,500				121,000				28,800				(156,377	)			108,023
Consolidated net business profit		¥	684,600			¥	293,800			¥	510,900			¥	375,100			¥	(62,624	)		¥	1,801,776

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)

Nine months ended December 31, 2024		Millions of yen
Consolidated net business profit		¥	1,459,823
Other ordinary income (excluding equity in gains of affiliates)			481,774
Other ordinary expenses			(322,512	)
Ordinary profit on quarterly consolidated statements of income		¥	1,619,085

Note:  Figures shown in parentheses represent a loss.

Nine months ended December 31, 2025		Millions of yen
Consolidated net business profit		¥	1,801,776
Other ordinary income (excluding equity in gains of affiliates)			447,442
Other ordinary expenses			(350,163	)
Ordinary profit on quarterly consolidated statements of income		¥	1,899,055

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 nine months ended December 31, 2025. “Depreciation” (including amortization of intangible fixed assets other than goodwill) and “Amortization of goodwill” for the nine months ended December 31, 2024 and 2025 were as follows:

		Millions of yen
Nine months ended December 31		2024				2025
Depreciation		¥	187,859			¥	192,825
Amortization of goodwill			21,175				20,031

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Financial results

for the nine months

ended December 31, 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 December 31, 2025 will be announced when it is fixed.

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Sumitomo Mitsui Financial Group

1. Operating results

Consolidated														(Millions of yen)
								Nine months ended December 31, 2025 (A)		Change   (A) - (B)				Nine months ended December 31, 2024 (B)
Consolidated gross profit						1		3,592,988		430,701				3,162,286
		Net interest income				2		1,946,173		266,598				1,679,574
		Trust fees				3		8,412		1,402				7,010
		Net fees and commissions				4		1,301,254		130,585				1,170,668
		Net trading income				5		183,472		(38,636)				222,109
		Net other operating income				6		153,676		70,752				82,923
General and administrative expenses						7		(1,899,234)		(126,256)				(1,772,978)
Equity in gains (losses) of affiliates						8		108,023		37,507				70,515
Consolidated net business profit						9		1,801,776		341,953				1,459,823
Total credit cost						10		(216,782)		(58,759)				(158,022)
		Credit costs				11		(243,116)		(72,282)				(170,833)
				Write-off of loans		12		(125,008)		2,548				(127,556)
				Provision for reserve for possible loan losses		13		(91,672)		(75,407)				(16,265)
				Others		14		(26,435)		576				(27,011)
		Recoveries of written-off claims				15		26,333		13,522				12,811
Gains (losses) on stocks						16		352,527		(78,671)				431,198
Other income (expenses)						17		(38,466)		75,447				(113,913)
Ordinary profit						18		1,899,055		279,969				1,619,085
Extraordinary gains (losses)						19		(4,836)		1,800				(6,637)
		Gains (losses) on disposal of fixed assets				20		(1,636)		1,748				(3,384)
		Losses on impairment of fixed assets				21		(2,285)		155				(2,440)
Income before income taxes						22		1,894,219		281,770				1,612,448
Income taxes						23		(501,867)		(31,843)				(470,023)
Profit						24		1,392,351		249,926				1,142,424
Profit (loss) attributable to non-controlling interests						25		2,416		8,869				(6,452)
Profit attributable to owners of parent						26		1,394,768		258,796				1,135,971
Notes: 1.  Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
2.   Consolidated gross profit = (Interest income - Interest expenses) + Trust fees + (Fees and commissions - Fees and commissions payments) + (Trading income - Trading losses) + (Other operating income - Other operating expenses) 3.   The amount of Income taxes includes income taxes-deferred.
				Number of consolidated subsidiaries and affiliates
								December 31, 2025						March 31, 2025
										Change
				Consolidated subsidiaries		27		178		6				172
				Equity method affiliates		28		264		20				244

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Sumitomo Mitsui Financial Group

SMBC non-consolidated														(Millions of yen)
								Nine months ended     December 31, 2025 (A)		Change     (A) - (B)				Nine months ended December 31, 2024 (B)
Gross banking profit						1		2,037,602		297,494				1,740,107
		Net interest income				2		1,408,319		231,751				1,176,567
		Trust fees				3		3,025		539				2,485
		Net fees and commissions				4		425,935		21,264				404,671
		Net trading income				5		11,561		(29,940)				41,501
		Net other operating income				6		188,759		73,878				114,881
		Gains (losses) on bonds				7		24,371		10,811				13,560
Expenses (excluding non-recurring losses)						8		(836,093)		(53,317)				(782,775)
		Personnel expenses				9		(343,824)		(8,634)				(335,189)
		Non-personnel expenses				10		(441,722)		(41,595)				(400,127)
		Taxes				11		(50,545)		(3,087)				(47,458)
Banking profit (before provision for general reserve for possible loan losses)						12		1,201,508		244,177				957,331
Gains (losses) on bonds						13		24,371		10,811				13,560
		Core banking profit (12-13)				14		1,177,137		233,365				943,771
				excluding gains (losses) on cancellation of investment trusts		15		1,130,503		249,332				881,170
Provision for general reserve for possible loan losses						16		—		—				—
Banking profit						17		1,201,508		244,177				957,331
Non-recurring gains (losses)						18		456,167		31,542				424,624
		Credit costs				19		(6,187)		15,016				(21,203)
		Gains on reversal of reserve for possible loan losses				20		21,296		15,789				5,506
		Recoveries of written-off claims				21		14,294		14,294				0
		Gains (losses) on stocks				22		333,402		(77,745)				411,147
				Gains on sales of stocks		23		358,452		(70,506)				428,958
				Losses on sales of stocks		24		(8,724)		(8,385)				(338)
				Losses on devaluation of stocks		25		(16,325)		1,146				(17,471)
		Other non-recurring gains (losses)				26		93,361		64,187				29,173
Ordinary profit						27		1,657,676		275,719				1,381,956
Extraordinary gains (losses)						28		(3,200)		565				(3,766)
		Gains (losses) on disposal of fixed assets				29		(1,413)		1,519				(2,932)
		Losses on impairment of fixed assets				30		(1,787)		(953)				(833)
Income before income taxes						31		1,654,475		276,285				1,378,190
Income taxes						32		(404,177)		(39,463)				(364,714)
Net income						33		1,250,298		236,821				1,013,476
Total credit cost (16+19+20+21)						34		29,403		45,100				(15,696)
		Provision for general reserve for possible loan losses				35		89,904		55,362				34,542
		Write-off of loans				36		(10)		12,381				(12,392)
		Provision for specific reserve for possible loan losses				37		(78,916)		(55,829)				(23,086)
		Losses on sales of delinquent loans				38		(6,176)		2,634				(8,811)
		Provision for loan loss reserve for specific overseas countries				39		10,307		16,256				(5,948)
		Recoveries of written-off claims				40		14,294		14,294				0

Notes:		1. Amounts less than 1 million yen are rounded down. Figures in parenthesis 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														(%)
		Nine months ended												Nine months    ended     December 31,   2024 (B)
		December 31, 2025 (A)
		April 1 - June 30		July 1  -  September 30		October 1  -  December 31				Change  (A) - (B)
Interest earned on loans and bills discounted (a)		1.26		1.30		1.34		1.30		0.32				0.98
Interest paid on deposits, etc. (b)		0.18		0.19		0.19		0.19		0.14				0.05
Interest spread (a) - (b)		1.08		1.11		1.15		1.11		0.18				0.93
Reference: The figures below exclude loans to the Japanese government, among others.
Interest earned on loans and bills discounted (c)		1.27		1.30		1.34		1.30		0.30				1.00
Interest spread (c) - (b)		1.09		1.11		1.15		1.11		0.16				0.95

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

Consolidated														(Billions of yen)
								December 31, 2025						March 31, 2025
										Change from    March 31, 2025
		Bankrupt and quasi-bankrupt loans				1		94.4		19.1				75.2
		Doubtful loans				2		706.5		251.7				454.8
		Substandard loans				3		417.3		65.6				351.7
				Past due loans (3 months or more)		4		72.6		11.8				60.8
				Restructured loans		5		344.7		53.8				290.9
		Total (A)				6		1,218.1		336.4				881.7
		Normal assets				7		136,529.8		6,449.0				130,080.8
		Grand total (B)				8		137,748.0		6,785.5				130,962.5
														(%)
		NPL ratio (A/B)				9		0.88		0.21				0.67
		Amount of direct reduction						252.0		9.0				243.0
SMBC non-consolidated														(Billions of yen)
								December 31, 2025						March 31, 2025
										Change from March 31, 2025
		Bankrupt and quasi-bankrupt loans				10		60.4		4.6				55.8
		Doubtful loans				11		528.9		205.5				323.5
		Substandard loans				12		218.4		61.2				157.2
				Past due loans (3 months or more)		13		23.7		2.0				21.7
				Restructured loans		14		194.7		59.2				135.6
		Total (A)				15		807.7		271.2				536.5
		Normal assets				16		127,671.2		4,800.7				122,870.5
		Grand total (B)				17		128,478.9		5,072.0				123,406.9
														(%)
		NPL ratio (A/B)				18		0.63		0.20				0.43
		Amount of direct reduction						186.6		(11.2)				197.8

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4. Unrealized gains (losses) on securities

Consolidated																																(Billions of yen)
												December 31, 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									3,523.4				(102.3)		(96.1)									0.0			102.3			274.4			(6.2)
		Other securities							2			36,408.2				3,543.8		737.8			4,280.0			736.2			39,776.8					2,806.0
				Stocks					3			3,611.1				2,559.1		598.2			2,560.1			1.0			3,045.2					1,960.9
				Bonds					4			8,948.0				(224.9)		(80.1)			7.6			232.5			13,893.5					(144.8)
						Japanese government bonds			5			6,538.5				(98.0)		(45.6)			0.0			98.0			11,180.5					(52.4)
				Others					6			23,849.2				1,209.6		219.7			1,712.3			502.7			22,838.1					989.9
						Foreign bonds			7			18,654.6				(322.8)		126.3			114.8			437.6			17,424.7					(449.1)
		Other money held in trust							8			0.5				—		—			—			—			0.5					—
		Total							9			39,932.1				3,441.5		641.7			4,280.1			838.5			40,051.7					2,799.8
						Stocks			10			3,611.1				2,559.1		598.2			2,560.1			1.0			3,045.2					1,960.9
						Bonds			11			12,418.7				(327.2)		(176.2)			7.6			334.8			14,167.9					(151.0)
						Others			12			23,902.4				1,209.6		219.7			1,712.4			502.7			22,838.6					989.9
SMBC non-consolidated																																(Billions of yen)
												December 31, 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					3,046.2				(95.0)		(93.8)			—							95.0					22.3			(1.2)
		Stocks of subsidiaries and affiliates							14			5,234.4				(3.2)		66.9			12.9			16.1			5,009.8					(70.1)
		Other securities							15			29,690.8				2,380.2		605.8			3,102.7			722.5			33,564.6					1,774.4
				Stocks					16			3,188.4				2,355.7		538.5			2,356.6			0.9			2,693.6					1,817.2
				Bonds					17			8,959.7				(216.7)		(75.8)			7.6			224.3			13,835.1					(140.9)
						Japanese government bonds			18			6,356.2				(95.3)		(42.9)			0.0			95.3			11,180.5					(52.4)
				Others					19			17,542.7				241.2		143.1			738.5			497.2			17,035.9					98.2
						Foreign bonds			20			13,498.0				(357.3)		101.6			74.9			432.3			12,711.0					(458.9)
		Total							21			37,971.4				2,282.1		578.9			3,115.6			833.6			38,596.7					1,703.2
						Stocks			22			3,488.4				2,357.7		538.9			2,358.7			0.9			2,987.9					1,818.9
						Bonds			23			12,005.9				(311.7)		(169.6)			7.6			319.3			13,857.4					(142.1)
						Others			24			22,477.2				236.0		209.6			749.3			513.3			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)
				December 31, 2025						March 31,  2025
						Change from    March 31, 2025
Domestic deposits				128,755.9		(2,068.4)				130,824.3
		Individual		62,955.2		1,736.1				61,219.1
Note : The figures above exclude negotiable certificates of deposit and offshore banking accounts in Japan.
Loans and bills discounted				109,673.4		5,157.8				104,515.6
		Domestic offices (excluding offshore banking accounts)		70,429.0		2,983.9				67,445.1
		Overseas offices and offshore banking accounts		39,244.4		2,173.9				37,070.5

- 5 -

FAQ

How did SMFG (SMFG) perform for the nine months ended December 31, 2025?

SMFG reported higher earnings, with profit attributable to owners of parent reaching ¥1,394,768 million, up from ¥1,135,971 million a year earlier. Ordinary profit increased to ¥1,899,055 million as consolidated gross profit rose to ¥3,592,988 million on stronger net interest income and fees.

What earnings forecast did SMFG (SMFG) provide for the fiscal year ending March 31, 2026?

SMFG forecasts profit attributable to owners of parent of ¥1,500,000 million for the year ending March 31, 2026. This implies a 27.3% increase from the previous fiscal year, with forecast earnings per share of ¥390.16. The company states that its earnings forecast remains unchanged.

How are SMFG’s credit costs and non-performing loans trending?

Consolidated total credit cost worsened to ¥216,782 million from ¥158,022 million. Consolidated non‑performing loans rose to ¥1,218.1 billion, pushing the NPL ratio to 0.88% from 0.67%. SMBC non‑consolidated NPLs also increased to 807.7 billion yen.

What drove SMFG’s profit growth in the latest nine-month period?

Profit growth was supported by higher revenue and segment performance. Consolidated gross profit rose to ¥3,592,988 million, up ¥430,701 million, as net interest income increased to ¥1,946,173 million and net fees and commissions to ¥1,301,254 million. All major business units reported higher consolidated net business profit.

What are SMFG’s dividend and stock split details mentioned in this report?

The company states its dividend forecast remains unchanged. It executed a three-for-one stock split of common stock on October 1, 2024, with a record date of September 30, 2024. The disclosed cash dividend per share figures and comparisons are adjusted to reflect this stock split.

How did SMBC’s (SMFG’s main bank) standalone results evolve over the period?

SMBC non‑consolidated gross banking profit increased to ¥2,037,602 million from ¥1,740,107 million, while banking profit before general reserve reached ¥1,201,508 million. Net income rose to ¥1,250,298 million, an increase of ¥236,821 million, supported by higher net interest income and improved non‑recurring gains.

What happened to SMFG’s interest spread in its domestic banking operations?

SMBC’s domestic interest spread improved. Interest earned on loans and bills discounted averaged 1.30%, while interest paid on deposits averaged 0.19%, resulting in an interest spread of 1.11% for the nine months ended December 31, 2025, up from 0.93% a year earlier.