Sumitomo Mitsui Financial Group (NYSE: SMFG) interim net profit surges

Rhea-AI Filing Summary

Sumitomo Mitsui Financial Group, Inc. reported significantly stronger interim results for the six months ended September 30, 2025 under IFRS. Net profit rose to ¥772,877 million from ¥265,496 million a year earlier, and basic earnings per share increased to ¥192.60 from ¥63.75, showing a large improvement in profitability.

Net interest income grew to ¥1,355,492 million from ¥1,185,018 million, supported by higher interest income and lower interest expense. Net fee and commission income also increased to ¥696,491 million from ¥637,916 million, while impairment charges on financial assets declined to ¥71,815 million from ¥105,062 million, helping lift overall results.

Total operating income rose to ¥2,365,813 million from ¥1,744,686 million, and profit before tax expanded to ¥965,169 million from ¥318,188 million. Total comprehensive income jumped to ¥1,244,588 million, driven partly by positive movements in other comprehensive income items such as equity instruments at fair value through other comprehensive income.

Positive

• Strong earnings growth: Net profit increased to ¥772,877 million from ¥265,496 million, with basic EPS rising to ¥192.60 from ¥63.75 for the six months ended September 30, 2025.
• Broad-based income gains and lower credit costs: Total operating income rose to ¥2,365,813 million, while impairment charges on financial assets declined to ¥71,815 million, boosting profitability.
• Improved capital position: Equity attributable to shareholders grew to ¥15,346,270 million and total equity to ¥17,633,269 million as of September 30, 2025.

Negative

• None.

Insights

Banking sector equity analyst

Interim profit and EPS increase sharply on higher income and lower impairments.

Sumitomo Mitsui Financial Group, Inc. shows a substantial upswing in profitability for the six months ended September 30, 2025. Net profit climbed to ¥772,877 million from ¥265,496 million, while profit before tax rose to ¥965,169 million from ¥318,188 million, indicating much stronger core performance compared with the prior-year period.

The improvement is broad-based: net interest income increased to ¥1,355,492 million, net fee and commission income to ¥696,491 million, and the net trading loss narrowed sharply to ¥9,833 million from ¥179,020 million. At the same time, impairment charges on financial assets fell to ¥71,815 million, supporting higher net operating income of ¥2,293,998 million.

On the capital side, equity attributable to shareholders grew from ¥14,470,195 million at March 31, 2025 to ¥15,346,270 million at September 30, 2025, and total equity increased to ¥17,633,269 million. Total comprehensive income reached ¥1,244,588 million, aided by favorable movements in other comprehensive income, particularly equity instruments at fair value through other comprehensive income.

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 December 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  ☒  or 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:  December 30, 2025

Sumitomo Mitsui Financial Group, Inc.

Notice Regarding Submission of Interim Report on Form 6-K

to the U.S. Securities and Exchange Commission

TOKYO, December 30, 2025 --- Sumitomo Mitsui Financial Group, Inc. (the “Company,” President and Group Chief Executive Officer: Toru Nakashima) hereby announces that, on December 29, 2025 (Eastern Standard Time), the Company submitted an interim report on Form 6-K to the U.S. Securities and Exchange Commission (“SEC”).

A copy of the interim report on Form 6-K can be viewed and obtained at the Company’s website at https://www.smfg.co.jp/english/investor/financial/disclosure.html or on EDGAR, the SEC’s Electronic Data Gathering, Analysis, and Retrieval system.

Attachment:

 (Reference) Consolidated Financial Statements (IFRS) (Unaudited)

This document contains a summary of the Company’s consolidated interim financial information under International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”) that was disclosed in its interim report on Form 6-K submitted to the U.S. Securities and Exchange Commission on December 29, 2025. This document does not contain all of the information in the interim report on Form 6-K that may be important to you. You should read the entire interim report on Form 6-K carefully to obtain a comprehensive understanding of the Company’s business and financial data under IFRS and related issues.

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 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.

– 1 –

 (Reference) Consolidated Financial Statements (IFRS) (Unaudited)

Consolidated Statements of Financial Position (Unaudited)

(In millions)

		At March 31,				At September 30,
		2025				2025
Assets:
Cash and deposits with banks		¥	76,669,401			¥	73,348,716
Call loans and bills bought			5,200,789				5,702,966
Reverse repurchase agreements and cash collateral on securities borrowed			22,076,009				21,923,897
Trading assets			6,176,613				5,825,732
Derivative financial instruments			8,313,016				8,306,494
Financial assets at fair value through profit or loss			2,902,969				2,254,221
Investment securities			33,546,133				33,184,239
Loans and advances			125,190,819				127,088,662
Investments in associates and joint ventures			1,588,820				1,817,612
Property, plant and equipment			1,319,002				1,328,317
Intangible assets			1,091,194				1,151,853
Other assets			7,983,972				8,607,375
Current tax assets			43,157				46,697
Deferred tax assets			63,176				89,104
Total assets		¥	292,165,070			¥	290,675,885
Liabilities:
Deposits		¥	190,022,742			¥	187,712,124
Call money and bills sold			4,378,277				3,613,678
Repurchase agreements and cash collateral on securities lent			27,791,101				28,145,501
Trading liabilities			4,838,439				4,187,484
Derivative financial instruments			9,303,258				9,279,351
Financial liabilities designated at fair value through profit or loss			597,846				630,618
Borrowings			12,697,699				11,523,632
Debt securities in issue			14,387,415				15,185,629
Provisions			333,301				303,556
Other liabilities			10,821,441				11,826,470
Current tax liabilities			239,190				232,324
Deferred tax liabilities			265,767				402,249
Total liabilities			275,676,476				273,042,616
Equity:
Capital stock			2,345,961				2,346,888
Capital surplus			663,063				664,280
Retained earnings			7,836,548				8,455,310
Treasury stock			(38,512	)			(38,638	)
Equity excluding other reserves			10,807,060				11,427,840
Other reserves			3,663,135				3,918,430
Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc.			14,470,195				15,346,270
Non-controlling interests			150,022				156,810
Equity attributable to other equity instruments holders			1,868,377				2,130,189
Total equity			16,488,594				17,633,269
Total equity and liabilities		¥	292,165,070			¥	290,675,885

– 2 –

Consolidated Income Statements (Unaudited)

(In millions, except per share data)

		For the six months ended September 30,
		2024				2025
Interest income		¥	3,342,131			¥	3,393,743
Interest expense			2,157,113				2,038,251
Net interest income			1,185,018				1,355,492
Fee and commission income			788,350				850,793
Fee and commission expense			150,434				154,302
Net fee and commission income			637,916				696,491
Net trading loss			(179,020	)			(9,833	)
Net income (loss) from financial assets and liabilities at fair value through profit or loss			(10,731	)			137,549
Net investment income			72,343				70,018
Net gains (losses) arising from derecognition of financial assets at amortized cost(1)			(1,822	)			1,777
Other income(1)			40,982				114,319
Total operating income(1)			1,744,686				2,365,813
Impairment charges on financial assets			105,062				71,815
Net operating income(1)			1,639,624				2,293,998
General and administrative expenses			1,186,749				1,251,493
Other expenses(1)			182,141				145,870
Operating expenses(1)			1,368,890				1,397,363
Share of post-tax profit of associates and joint ventures			47,454				68,534
Profit before tax			318,188				965,169
Income tax expense			52,692				192,292
Net profit		¥	265,496			¥	772,877
Profit attributable to:
Shareholders of Sumitomo Mitsui Financial Group, Inc.		¥	250,215			¥	742,848
Non-controlling interests			2,127				8,430
Other equity instruments holders			13,154				21,599
Earnings per share(2):
Basic		¥	63.75			¥	192.60
Diluted			63.74				192.56

– 3 –

Consolidated Statements of Comprehensive Income (Unaudited)

(In millions)

		For the six months ended September 30,
		2024				2025
Net profit		¥	265,496			¥	772,877
Other comprehensive income:
Items that will not be reclassified to profit or loss:
Remeasurements of defined benefit plans:
Gains (losses) arising during the period, before tax			10,356				52,952
Equity instruments at fair value through other comprehensive income:
Gains (losses) arising during the period, before tax			(291,120	)			623,850
Own credit on financial liabilities designated at fair value through profit or loss:
Gains (losses) arising during the period, before tax			2,747				711
Share of other comprehensive income (loss) of associates and joint ventures			675				2,374
Income tax relating to items that will not be reclassified			83,756				(211,131)
Total items that will not be reclassified to profit or loss, net of tax			(193,586	)			468,756
Items that may be reclassified subsequently to profit or loss:
Debt instruments at fair value through other comprehensive income:
Gains (losses) arising during the period, before tax			303,502				115,212
Reclassification adjustments for (gains) losses included in net profit, before tax			(50,202	)			(28,382)
Exchange differences on translating foreign operations:
Gains (losses) arising during the period, before tax			(125,705	)			(53,905)
Reclassification adjustments for (gains) losses included in net profit, before tax			—				39,944
Share of other comprehensive income (loss) of associates and joint ventures			45,804				(38,535)
Income tax relating to items that may be reclassified			(77,513	)			(31,379)
Total items that may be reclassified subsequently to profit or loss, net of tax			95,886				2,955
Other comprehensive income (loss), net of tax			(97,700	)			471,711
Total comprehensive income		¥	167,796			¥	1,244,588
Total comprehensive income attributable to:
Shareholders of Sumitomo Mitsui Financial Group, Inc.		¥	152,920			¥	1,214,532
Non-controlling interests			1,722				8,457
Other equity instruments holders			13,154				21,599

(1) “Net gains (losses) arising from derecognition of financial assets at amortized cost” previously included in “Other income” and “Other expenses,” respectively, were presented separately for the six months ended September 30, 2025. The comparative amounts of the consolidated income statements have been reclassified to conform to the current presentation.

(2) As resolved by the board of directors on May 15, 2024, the Company implemented a stock split of its common stock with an effective date of October 1, 2024, whereby each share of common stock owned by shareholders listed or recorded in the closing register of shareholders on the record date of September 30, 2024 was split into three shares. Basic and diluted earnings per share are calculated based on the assumption that the stock split had been implemented at the beginning of the fiscal year ended March 31, 2025.

– 4 –

FAQ

How did Sumitomo Mitsui Financial Group (SMFG) perform for the six months ended September 30, 2025?

For the six months ended September 30, 2025, Sumitomo Mitsui Financial Group, Inc. reported net profit of ¥772,877 million, up from ¥265,496 million a year earlier. Profit before tax increased to ¥965,169 million, reflecting stronger operating income and lower impairment charges.

What happened to SMFG's earnings per share in this interim period?

Basic earnings per share for Sumitomo Mitsui Financial Group, Inc. for the six months ended September 30, 2025 were ¥192.60, compared with ¥63.75 in the same period of 2024. Diluted earnings per share were ¥192.56, up from ¥63.74.

How did SMFG's net interest and fee income change year over year?

Net interest income rose to ¥1,355,492 million from ¥1,185,018 million, supported by higher interest income and lower interest expense. Net fee and commission income increased to ¥696,491 million from ¥637,916 million for the six months ended September 30, 2025.

What were SMFG's total assets and equity as of September 30, 2025?

As of September 30, 2025, Sumitomo Mitsui Financial Group, Inc. reported total assets of ¥290,675,885 million and total equity of ¥17,633,269 million. Equity attributable to shareholders was ¥15,346,270 million.

How did credit costs and trading results affect SMFG's interim performance?

Impairment charges on financial assets decreased to ¥71,815 million from ¥105,062 million, reducing credit costs. The net trading loss narrowed to ¥9,833 million from ¥179,020 million, contributing to higher total operating income of ¥2,365,813 million.

What was SMFG's total comprehensive income for the six months ended September 30, 2025?

Total comprehensive income for the six months ended September 30, 2025 was ¥1,244,588 million, compared with ¥167,796 million in the prior-year period. This reflects higher net profit and positive other comprehensive income, including gains on equity instruments at fair value through other comprehensive income.