Sumitomo Mitsui boosts profit, launches ¥180B buyback

Sumitomo Mitsui Financial Group reported strong full-year results for the fiscal year ended March 31, 2026, with ordinary profit rising 34.0% to ¥2,303,350 million and profit attributable to owners of parent up 34.4% to ¥1,582,973 million.

Rhea-AI Filing Summary

Sumitomo Mitsui Financial Group reported strong full-year results for the fiscal year ended March 31, 2026, with ordinary profit rising 34.0% to ¥2,303,350 million and profit attributable to owners of parent up 34.4% to ¥1,582,973 million. Ordinary income grew 6.1% to ¥10,790,853 million, while earnings per share increased to ¥411.97.

Total assets reached ¥328,511,145 million and net assets were ¥15,933,144 million, with return on net assets improving to 10.4%. Operating cash flow swung to an outflow of ¥10,283,139 million, but cash and cash equivalents remained sizable at ¥59,431,773 million.

The company plans an additional two-for-one stock split effective October 1, 2026 and forecasts fiscal 2027 profit attributable to owners of parent of ¥1,700,000 million. It also authorized a share repurchase of up to 40,000,000 shares, or 1.0% of issued shares, for up to ¥180,000,000,000, all of which will be cancelled, alongside continued share-based compensation purchases through an employee ESOP trust.

Positive

• Strong earnings growth: Ordinary profit rose 34.0% year-on-year to ¥2,303,350 million and profit attributable to owners of parent increased 34.4% to ¥1,582,973 million, reflecting higher net business profit and improved segment performance.
• Enhanced shareholder returns: Annual dividends reached ¥157 per share with a 38.0% payout ratio, and the board approved a share repurchase of up to 40,000,000 shares (1.0% of issued shares) for up to ¥180,000,000,000, all to be cancelled.
• Supportive capital structure actions: A two-for-one stock split effective October 1, 2026, combined with increased authorized shares, is intended to create a more investor-friendly trading unit and broaden the shareholder base.

Negative

• Weaker operating cash flow: Cash flows from operating activities swung from an inflow of ¥4,848,464 million to an outflow of ¥10,283,139 million, contributing to a reduction in cash and cash equivalents to ¥59,431,773 million.
• Higher credit costs and special losses: Total credit cost increased to ¥388,4 billion and results included losses related to the sale of part of a U.S. banking subsidiary’s business, indicating higher risk provisioning and one-off charges.

Insights

Banking sector equity analyst

Profit surged and capital returns increased, but cash flow weakened.

Sumitomo Mitsui Financial Group delivered a notable earnings step-up. Ordinary profit rose to ¥2,303,350 million and profit attributable to owners of parent climbed to ¥1,582,973 million, driven by higher domestic net interest income, fee income, and strong wealth and consumer finance businesses.

Asset growth remained solid, with total assets at ¥328,511,145 million and loans at ¥117,629,215 million. However, cash flows from operating activities deteriorated sharply to an outflow of ¥10,283,139 million, and total credit cost increased to ¥388,4 billion as management booked forward-looking provisions for potential risks, including the situation in the Middle East and a loss on a U.S. subsidiary business sale.

Capital actions are significant: annual dividends rose to ¥157 per share with a payout ratio of 38.0%, the board approved a buyback of up to 40,000,000 shares for up to ¥180,000,000,000, all to be cancelled, and another two-for-one stock split is planned effective October 1, 2026. The company guides profit attributable to owners of parent of ¥1,700,000 million for the fiscal year ending March 31, 2027, implying continued robust, though more moderate, earnings.

Key Figures

Ordinary income: ¥10,790,853 million Ordinary profit: ¥2,303,350 million Profit attributable to owners of parent: ¥1,582,973 million +5 more

8 metrics

Ordinary income ¥10,790,853 million Fiscal year ended March 31, 2026; up 6.1% year-on-year

Ordinary profit ¥2,303,350 million Fiscal year ended March 31, 2026; up 34.0% year-on-year

Profit attributable to owners of parent ¥1,582,973 million Fiscal year ended March 31, 2026; up 34.4% year-on-year

Earnings per share ¥411.97 Fiscal year ended March 31, 2026; reflects prior three-for-one split

Total assets ¥328,511,145 million As of March 31, 2026; year-on-year increase of ¥22,229.1 billion

Operating cash flow ¥(10,283,139) million Cash flows from operating activities, fiscal year ended March 31, 2026

Share buyback authorization Up to 40,000,000 shares / ¥180,000,000,000 Repurchase resolution, period May 14–July 31, 2026

Dividend per share ¥157 Annual dividend on common stock for year ended March 31, 2026

Key Terms

ordinary profit, net business profit, stock split, Employee Stock Ownership Plan, +2 more

6 terms

ordinary profit financial

"As a result, ordinary profit increased by ¥ 583.9 billion year-on-year to ¥ 2,303.4 billion."

net business profit financial

"In fiscal 2025, net business profit increased by ¥ 611.6 billion year-on-year to ¥ 2,330.9 billion."

stock split financial

"the Company resolved to implement a stock split of its common stock at a ratio of two shares for each share"

A stock split increases the number of a company's shares by dividing each existing share into multiple new shares while reducing the price per share by the same proportion, so an investor's total value and ownership percentage stay the same. It matters because lower per-share prices can make trading easier and attract more buyers, similar to breaking a large chocolate bar into smaller pieces to make it easier to share, which can boost liquidity and market interest.

Employee Stock Ownership Plan financial

"the acquisition of its own shares by the trustee of the Employee Stock Ownership Plan (the “ESOP”) in connection with the Plan."

An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.

share-based compensation plan financial

"the Share-Based Compensation Plan (the “Plan”) for employees of Sumitomo Mitsui Banking Corporation"

International Financial Reporting Standards (IFRS) financial

"the Company separately prepares consolidated financial statements in accordance with International Financial Reporting Standards (IFRS)"

A set of globally accepted accounting rules companies use to prepare financial statements so their numbers speak the same language across borders. For investors, IFRS matters because it makes it easier to compare profitability, assets and liabilities between companies the way a common recipe or measuring tape lets you judge two cakes or two rooms fairly, which helps assess value and risk more reliably.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Sumitomo Mitsui Financial Group (SMFG) perform in fiscal year ended March 31, 2026?

SMFG’s profit attributable to owners of parent rose 34.4% to ¥1,582,973 million, while ordinary profit increased 34.0% to ¥2,303,350 million. Ordinary income grew 6.1% to ¥10,790,853 million, reflecting stronger net interest income, fee income, and affiliate contributions.

What were SMFG’s key per-share metrics and returns for fiscal 2026?

Earnings per share reached ¥411.97 (diluted ¥411.88) and net assets per share were ¥4,135.71. Return on net assets improved to 10.4%, and ordinary profit on ordinary income was 21.3%, indicating better profitability versus the prior year.

What dividends is Sumitomo Mitsui Financial Group paying for fiscal 2026?

For the year ended March 31, 2026, SMFG’s annual dividend on common stock totals ¥157 per share (¥78 at midyear and ¥79 year-end), with total dividends of ¥601,667 million. The dividend payout ratio is 38.0% and ratio of dividends to net assets is 3.9%.

What share repurchase has SMFG authorized in May 2026?

The board approved repurchasing up to 40,000,000 common shares, equal to 1.0% of issued shares (excluding treasury stock), for up to ¥180,000,000,000. Purchases will occur from May 14, 2026 to July 31, 2026, and all repurchased shares will be cancelled.

What stock splits has Sumitomo Mitsui Financial Group announced?

SMFG executed a three-for-one stock split on October 1, 2024, and resolved a further two-for-one split with record date September 30, 2026 and effective October 1, 2026. After the new split, authorized shares will increase to 18,000,564,000.

What is SMFG’s earnings forecast for the fiscal year ending March 31, 2027?

For the year ending March 31, 2027, SMFG forecasts profit attributable to owners of parent of ¥1,700,000 million and earnings per share of ¥223.75. This guidance incorporates the planned stock split and expected effects from ongoing capital management policies.

How is SMFG using share-based compensation and ESOP share purchases?

SMFG’s employee stock grant trust may acquire up to 1,094,000 shares for as much as ¥6,564,000,000 from May 21 to May 29, 2026. This supports a broadened share-based compensation plan covering additional group subsidiaries’ employees.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Table of Contents

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 May 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 THE STATEMENTS REGARDING OUR EARNINGS FORECAST UNDER THE CAPTIONS “3. EARNINGS FORECAST ON A CONSOLIDATED BASIS (FOR THE FISCAL YEAR ENDING MARCH 31, 2027)” AND “(2) EARNINGS FORECAST FOR THE FISCAL YEAR ENDING MARCH 31, 2027 (FISCAL 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/ Kunihito Takaichi
		Name: Kunihito Takaichi
		Title:  Executive Officer & General Manager,      Financial Accounting Dept

Date:  May 13, 2026

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		May 13, 2026
		Sumitomo Mitsui Financial Group, Inc. Consolidated financial results for the fiscal year ended March 31, 2026 <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

Date of ordinary general meeting of shareholders: June 26, 2026  Date of payment of year-end dividends: June 29, 2026

Annual securities report (Yukashoken hokokusho) issuing date: June 19, 2026

Investors meeting presentation for financial results: Scheduled

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

1. Consolidated financial results (for the fiscal year ended March 31, 2026)

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

		Ordinary income								Ordinary profit								Profit attributable to    owners of parent
Fiscal year ended March 31, 2026		¥	10,790,853				6.1	%		¥	2,303,350				34.0	%		¥	1,582,973				34.4	%
Fiscal year ended March 31, 2025			10,174,894				8.8				1,719,482				17.3				1,177,996				22.3

Notes:		1.		Comprehensive income:
				(a) for the fiscal year ended March 31, 2026: ¥2,129,077 million [198.8%] (b) for the fiscal year ended March 31, 2025: ¥712,549 million [(72.9)%]
		2.		Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the previous fiscal year.

		Earnings   per share					Earnings per  share (Diluted)					Return on  net assets					Ordinary profit   on total assets					Ordinary profit  on ordinary income
Fiscal year ended March 31, 2026			¥	411.97				¥	411.88					10.4 %					0.7 %					21.3 %
Fiscal year ended March 31, 2025				301.55					301.48					8.0					0.6					16.9

Notes:		1.		Equity in gains (losses) of affiliates:
				(a) for the fiscal year ended March 31, 2026: ¥137,710 million (b) for the fiscal year ended March 31, 2025: ¥(5,504) million
		2.		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 per share data and percentages) 

		Total assets					Net assets					Net assets ratio					Net assets per share
As of March 31, 2026			¥	328,511,145				¥	15,933,144					4.8%				¥	4,135.71
As of March 31, 2025				306,282,015					14,841,509					4.8					3,795.62

Notes:		1.		Stockholders’ equity:
				(a) as of March 31, 2026: ¥ 15,785,457 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

(3) Cash flows		(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, 2026				¥  (10,283,139)				¥	3,254,237				¥	(46,355	)			¥	59,431,773
Fiscal year ended March 31, 2025				4,848,464					(4,512,943)					(480,149	)				66,187,674

2. Dividends on common stock		(Millions of yen, except per share data and percentages)
		Cash dividends per share																									Total  dividends  (annual)					Dividend   payout ratio					Ratio of   dividends to   net assets
		1st  quarter					2nd  quarter					3rd  quarter					4th  quarter					Annual
Fiscal year ended March 31, 2025				¥—					¥180					¥—					¥62					¥—					¥475,061					40.3%					3.2%
ended March 31, 2026				—					78					—					79					157					601,667					38.0					3.9
ending March 31, 2027 forecast/Before considering the stock split				—					90					—					90					180										40.0
(forecast/After considering the stock split)				—					90					—					45					—										40.0

Notes:		1.		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.
		2.		At a meeting of the Board of Directors held on May 13, 2026, the Company resolved to implement a stock split of its common stock at a ratio of two shares for each share, with a record date of September 30, 2026.
		3.		Dividend payout ratio = (Total dividends on common stock / Profit attributable to owners of parent) X 100 At a meeting of the Board of Directors held on May 13, 2026, the Company resolved to repurchase its own shares, and dividend payout ratio for the fiscal year ending March 31, 2027 (forecast) reflects the impact of the repurchase of its own shares.
		4.		Ratio of dividends to net assets = Total dividends on common stock / {(Beginning balance of Stockholders’ equity + Ending balance of Stockholders’ equity) / 2}X 100

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3. Earnings forecast on a consolidated basis (for the fiscal year ending March 31, 2027)

		(Millions of yen, except per share data and percentage)
		Profit attributable to owners of parent										Earnings per share
Fiscal year ending March 31, 2027			¥	1,700,000					7.4	%			¥	223.75

  Note: Forecasted earnings per share is calculated by dividing the forecasted profit attributable to owners of parent by the number of issued common stock. 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 year (excluding treasury stock)” and “the expected number of issued common stock shares at the end of the year (excluding treasury stock).” At a meeting of the Board of Directors held on May 13, 2026, the Company resolved to implement a stock split and a repurchase of its own shares. Forecasted earnings per share reflects the impact of the stock split and the repurchase of its own shares.

[Notes]

(1) There was a change in material consolidated subsidiaries in the fiscal year.

Newly consolidated: 1 company (CCC MK HOLDINGS Co., Ltd.)

(2) 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

(3) Number of shares issued (common stocks)

		As of March 31, 2026		As of March 31, 2025
(a) Number of shares issued (including treasury stocks)		3,827,498,140 shares		3,884,445,458 shares
(b) Number of treasury stocks		10,632,119 shares		10,651,848 shares
		Fiscal year ended March 31, 2026		Fiscal year ended March 31, 2025
(c) Average number of shares issued during the year		3,842,443,746 shares		3,906,456,046 shares

Notes:		1.		Number of shares used in calculating “Earnings per share” (on a consolidated basis) is reported on page 14, “(Per share data).”
		2.		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 year.
		3.		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 year reflects the impact of the stock split.

[Reference] Summary of financial information on a non-consolidated basis

Non-consolidated financial results (for the fiscal year ended March 31, 2026)

(1) Operating results										(Millions of yen, except per share data and percentages)
		Operating income				Operating profit				Ordinary profit				Net income
Fiscal year ended March 31, 2026		¥ 1,430,526		(0.1) %		¥ 906,817		(8.0) %		¥ 882,542		(8.6) %		¥ 893,893		(7.9) %
ended March 31, 2025		1,431,414		52.8		986,127		79.3		965,402		79.0		970,319		78.0

		Earnings per share		Earnings per share  (Diluted)
Fiscal year ended March 31, 2026		¥  232.64		¥  232.59
ended March 31, 2025		248.39		248.33

Notes:		1.		Percentages shown in operating income, operating profit, ordinary profit, and net income are the increase (decrease) from the previous fiscal year.
		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. Earnings per share and Earnings per share (Diluted) reflect the impact of the stock split.

(2) Financial position		(Millions of yen, except per share data and percentages)
		Total assets					Net assets					Net assets ratio					Net assets per share
As of March 31, 2026				¥ 22,576,801					¥  6,521,288					28.9%					¥  1,708.39
As of March 31, 2025				20,351,401					6,384,907					31.4					1,648.03

Note:				Stockholders’ equity
				(a) as of March 31, 2026: ¥6,520,694 million   (b) as of March 31, 2025: ¥6,384,140 million

[Note on audit procedures]

This report is out of the scope of the audit procedures.

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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Table of contents

I.		Operating and financial review			2
1.		Consolidated operating results for the fiscal year ended March 31, 2026 (fiscal 2025)			2
2.		Consolidated financial position as of March 31, 2026			3
II.		Basic approach to the selection of accounting standards			3
III.		Consolidated financial statements			4
1.		Consolidated balance sheets			4
2.		Consolidated statements of income and consolidated statements of comprehensive income			6
3.		Consolidated statements of changes in net assets			8
4.		Consolidated statements of cash flows			11
5.		Notes to consolidated financial statements			13
		Note on going concern			13
		Segment information			13
		Per share data			14
		Significant subsequent events			15

* Appendix: Financial results for the fiscal year ended March 31, 2026 supplementary information

- 1 -

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I. Operating and financial review

1. Consolidated operating results for the fiscal year ended March 31, 2026 (fiscal 2025)

(1) Operating results

In fiscal 2025, net business profit increased by ¥ 611.6 billion year-on-year to ¥ 2,330.9 billion. The primary reasons were increases in domestic net interest income and fee income in domestic wholesale business, as well as the strong performances of wealth management business, payment and consumer finance business.

Total credit cost increased by ¥ 43.9 billion year-on-year to ¥ 388.4 billion, mainly due to recording forward-looking provisions for the potential risks, including the deterioration of the situation in the Middle East.

As a result, ordinary profit increased by ¥ 583.9 billion year-on-year to ¥ 2,303.4 billion.

Profit attributable to owners of parent increased by ¥ 405.0 billion year-on-year to ¥ 1,583.0 billion, despite the recording of losses related to the sale of part of a business of a banking subsidiary in the U.S. and other factors.

Consolidated								(Billions of yen)
				Fiscal year ended      March 31, 2026				Change from the fiscal year   ended March 31, 2025
		Net business profit		¥	2,330.9			¥	611.6
		Gross profit			4,844.7				717.9
		General and administrative expenses			(2,651.5	)			(249.6	)
		Equity in gains of affiliates			137.7				143.2
		Total credit cost			(388.4	)			(43.9	)
		Ordinary profit			2,303.4				583.9
		Profit attributable to owners of parent			1,583.0				405.0
SMBC non-consolidated
		Banking profit *		¥	1,491.9			¥	307.5
		Gross banking profit			2,677.9				421.3
		Expenses (excluding non-recurring losses)			(1,186.0	)			(113.9	)
		Total credit cost			(86.0	)			64.8
		Ordinary profit			1,898.5				410.4
		Net income			1,411.7				343.1

* Banking profit (before provision for general reserve for possible loan losses)

(2) Earnings forecast for the fiscal year ending March 31, 2027 (fiscal 2026)

Earnings forecast for profit attributable to owners of parent is ¥ 1,700.0 billion.

- 2 -

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2. Consolidated financial position as of March 31, 2026

(1) Assets and liabilities

Total assets as of March 31, 2026 were ¥ 328,511.1 billion, a year-on-year increase of ¥ 22,229.1 billion. As for major account balances, loans and bills discounted increased by ¥ 6,493.0 billion year-on-year to ¥ 117,629.2 billion and deposits increased by ¥ 14,175.6 billion year-on-year to ¥ 185,674.2 billion.

(2) Net assets

Net assets were ¥ 15,933.1 billion, a year-on-year increase of ¥ 1,091.6 billion. Stockholders’ equity within net assets was ¥ 11,752.0 billion, a year-on-year increase of ¥ 543.0 billion after the contribution of profit attributable to owners of parent and the payment of cash dividends.

(3) Cash flows

The Company used ¥ 10,283.1 billion in cash flows from operating activities including interest received and paid, net changes in loans and bills discounted and deposits, a year-on-year decrease of ¥ 15,131.6 billion, generated ¥ 3,254.2 billion in cash flows from investing activities including the purchase and sale of securities and tangible fixed assets, a year-on-year increase of ¥ 7,767.2 billion, and used ¥ 46.4 billion in cash flows from financing activities including payment of dividends, a year-on-year increase of ¥ 433.8 billion. Consequently, cash and cash equivalents amounted to ¥ 59,431.8 billion, a year-on-year decrease of ¥ 6,755.9  billion.

II. Basic approach to the selection of accounting standards

The Company selects Japanese GAAP as its accounting standards.

Since American depository receipts (ADRs) of the Company are listed on the New York Stock Exchange, the Company separately prepares consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), and the Company is considering the possibility of application of IFRS in the future.

- 3 -

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III. Consolidated financial statements

1. Consolidated balance sheets

		Millions of yen
March 31		2025				2026
Assets:
Cash and due from banks		¥	75,590,583			¥	73,696,930
Call loans and bills bought			5,197,978				7,882,022
Receivables under resale agreements			16,205,759				20,099,101
Receivables under securities borrowing transactions			5,799,821				6,247,642
Monetary claims bought			5,618,985				6,079,754
Trading assets			11,976,375				16,701,913
Money held in trust			32,272				36,902
Securities			40,760,968				39,974,120
Loans and bills discounted			111,136,239				117,629,215
Foreign exchanges			2,712,573				2,030,821
Lease receivables and investment assets			231,199				231,429
Other assets			13,722,960				18,240,722
Tangible fixed assets			1,006,556				1,074,673
Buildings			329,897				350,581
Land			409,805				420,805
Lease assets			25,850				25,360
Construction in progress			48,832				92,110
Other tangible fixed assets			192,170				185,815
Intangible fixed assets			1,017,322				1,151,037
Software			731,749				862,113
Goodwill			230,070				242,387
Lease assets			155				665
Other intangible fixed assets			55,348				45,870
Net defined benefit asset			987,288				1,299,540
Deferred tax assets			71,261				109,614
Customers’ liabilities for acceptances and guarantees			15,139,799				17,033,172
Reserve for possible loan losses			(925,931)				(1,007,469)
Total assets		¥	306,282,015			¥	328,511,145

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(continued)

		Millions of yen
March 31		2025				2026
Liabilities:
Deposits		¥	171,498,651			¥	185,674,241
Negotiable certificates of deposit			17,175,391				15,667,132
Call money and bills sold			4,378,276				3,656,736
Payables under repurchase agreements			25,797,136				23,764,473
Payables under securities lending transactions			2,183,655				1,136,833
Commercial paper			2,686,483				3,380,389
Trading liabilities			9,726,615				13,089,960
Borrowed money			11,355,209				9,370,996
Foreign exchanges			1,771,839				1,436,381
Short-term bonds			728,200				773,500
Bonds			13,352,392				15,369,164
Due to trust account			1,041,660				956,169
Other liabilities			13,700,199				20,103,338
Reserve for employee bonuses			130,464				146,303
Reserve for executive bonuses			5,433				5,973
Net defined benefit liability			33,890				34,317
Reserve for executive retirement benefits			1,007				907
Reserve for point service program			32,656				63,254
Reserve for reimbursement of deposits			5,573				35,806
Reserve for losses on interest repayment			242,127				226,742
Reserves under the special laws			5,365				6,737
Deferred tax liabilities			422,050				619,716
Deferred tax liabilities for land revaluation			26,424				25,750
Acceptances and guarantees			15,139,799				17,033,172
Total liabilities			291,440,506				312,578,001
Net assets:
Capital stock			2,345,960				2,346,888
Capital surplus			611,423				582,909
Retained earnings			8,290,170				8,871,065
Treasury stock			(38,512)				(48,851)
Total stockholders’ equity			11,209,042				11,752,012
Net unrealized gains (losses) on other securities			1,930,834				2,185,092
Net deferred gains (losses) on hedges			(168,604)				(300,715)
Land revaluation excess			32,849				29,133
Foreign currency translation adjustments			1,411,827				1,706,949
Accumulated remeasurements of defined benefit plans			287,487				412,985
Total accumulated other comprehensive income			3,494,393				4,033,445
Stock acquisition rights			767				594
Non-controlling interests			137,306				147,092
Total net assets			14,841,509				15,933,144
Total liabilities and net assets		¥	306,282,015			¥	328,511,145

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2. Consolidated statements of income and consolidated statements of comprehensive income

(Consolidated statements of income)

		Millions of yen
Year ended March 31		2025				2026
Ordinary income		¥	10,174,894			¥	10,790,853
Interest income			6,928,577				7,224,758
Interest on loans and discounts			3,984,710				4,024,934
Interest and dividends on securities			935,978				1,016,742
Interest on call loans and bills bought			182,718				126,527
Interest on receivables under resale agreements			268,048				463,968
Interest on receivables under securities borrowing transactions			120,363				128,104
Interest on deposits with banks			650,205				786,707
Interest on lease transactions			12,185				11,571
Interest on deferred payment			22,320				23,452
Other interest income			752,046				642,749
Trust fees			9,733				11,722
Fees and commissions			1,874,934				2,110,110
Trading income			568,890				236,374
Other operating income			172,329				492,473
Other income			620,428				715,415
Recoveries of written-off claims			16,449				28,624
Other			603,979				686,790
Ordinary expenses			8,455,412				8,487,502
Interest expenses			4,590,358				4,505,121
Interest on deposits			1,671,048				1,737,487
Interest on negotiable certificates of deposit			559,252				511,509
Interest on call money and bills sold			48,050				39,839
Interest on payables under repurchase agreements			837,244				854,917
Interest on payables under securities lending transactions			38,368				24,632
Interest on commercial paper			109,557				130,678
Interest on borrowed money			170,937				164,597
Interest on short-term bonds			3,298				5,213
Interest on bonds			413,681				488,177
Other interest expenses			738,918				548,065
Fees and commissions payments			315,758				289,531
Trading losses			185,324				36,930
Other operating expenses			336,278				399,160
General and administrative expenses			2,401,955				2,651,514
Other expenses			625,736				605,243
Provision for reserve for possible loan losses			167,639				192,226
Other			458,097				413,017
Ordinary profit			1,719,482				2,303,350

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(continued)

		Millions of yen
Year ended March 31		2025				2026
Extraordinary gains		¥	3,090			¥	9,749
Gains on disposal of fixed assets			3,090				9,749
Extraordinary losses			22,630				61,374
Losses on disposal of fixed assets			14,843				8,025
Losses on impairment of fixed assets			7,052				4,496
Provision for reserve for eventual future operating losses from financial instruments transactions			733				1,372
Other extraordinary losses			—				47,480
Income before income taxes			1,699,943				2,251,725
Income taxes-current			577,307				663,449
Income taxes-deferred			(64,242)				3,461
Income taxes			513,065				666,910
Profit			1,186,877				1,584,815
Profit attributable to non-controlling interests			8,881				1,841
Profit attributable to owners of parent		¥	1,177,996			¥	1,582,973

(Consolidated statements of comprehensive income)

		Millions of yen
Year ended March 31		2025				2026
Profit		¥	1,186,877			¥	1,584,815
Other comprehensive income (losses)			(474,327)				544,262
Net unrealized gains (losses) on other securities			(420,445)				259,448
Net deferred gains (losses) on hedges			(99,721)				(132,981)
Land revaluation excess			—				(776)
Foreign currency translation adjustments			(18,937)				325,502
Remeasurements of defined benefit plans			(2,819)				125,135
Share of other comprehensive income of affiliates			67,596				(32,065)
Total comprehensive income			712,549				2,129,077
Comprehensive income attributable to owners of parent			703,678				2,124,964
Comprehensive income attributable to non-controlling interests			8,871				4,112

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3. Consolidated statements of changes in net assets

		Millions of yen
		Stockholders’ equity
Year ended March 31, 2025		Capital stock				Capital surplus				Retained earnings				Treasury stock				Total
Balance at the beginning of the fiscal year		¥	2,344,038			¥	610,143			¥	7,843,470			¥	(167,671)			¥	10,629,980
Cumulative effects of changes in accounting policies											59,330								59,330
Restated balance			2,344,038				610,143				7,902,800				(167,671)				10,689,311
Changes in the fiscal year
Issuance of new stock			1,922				1,922												3,844
Cash dividends											(412,240)								(412,240)
Profit attributable to owners of parent											1,177,996								1,177,996
Purchase of treasury stock															(251,629)				(251,629)
Disposal of treasury stock							(430)								612				181
Cancellation of treasury stock							(380,176)								380,176				—
Changes in shareholders’ interest due to transaction with non-controlling interests							(642)												(642)
Increase due to a decrease in subsidiaries											133								133
Reversal of land revaluation excess											2,087								2,087
Transfer from retained earnings to capital surplus							380,607				(380,607)								—
Net changes in items other than stockholders’ equity in the fiscal year
Net changes in the fiscal year			1,922				1,279				387,369				129,159				519,730
Balance at the end of the fiscal year		¥	2,345,960			¥	611,423			¥	8,290,170			¥	(38,512)			¥	11,209,042
		Millions of yen
		Accumulated other comprehensive income
Year ended March 31, 2025		Net unrealized gains (losses) on other securities				Net deferred gains (losses) on hedges				Land revaluation excess				Foreign currency translation adjustments				Accumulated remeasurements of defined benefit plans				Total
Balance at the beginning of the fiscal year		¥	2,406,883			¥	(65,073)			¥	34,936			¥	1,362,647			¥	290,735			¥	4,030,129
Cumulative effects of changes in accounting policies			(59,330)																				(59,330)
Restated balance			2,347,553				(65,073)				34,936				1,362,647				290,735				3,970,798
Changes in the fiscal year
Issuance of new stock
Cash dividends
Profit attributable to owners of parent
Purchase of treasury stock
Disposal of treasury stock
Cancellation of treasury stock
Changes in shareholders’ interest due to transaction with non-controlling interests
Increase due to a decrease in subsidiaries
Reversal of land revaluation excess
Transfer from retained earnings to capital surplus
Net changes in items other than stockholders’ equity in the fiscal year			(416,718)				(103,531)				(2,087)				49,179				(3,247)				(476,405)
Net changes in the fiscal year			(416,718)				(103,531)				(2,087)				49,179				(3,247)				(476,405)
Balance at the end of the fiscal year		¥	1,930,834			¥	(168,604)			¥	32,849			¥	1,411,827			¥	287,487			¥	3,494,393

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(Continued)

		Millions of yen
Year ended March 31, 2025		Stock acquisition rights				Non- controlling interests				Total net assets
Balance at the beginning of the fiscal year		¥	931			¥	138,925			¥	14,799,967
Cumulative effects of changes in accounting policies
Restated balance			931				138,925				14,799,967
Changes in the fiscal year
Issuance of new stock											3,844
Cash dividends											(412,240)
Profit attributable to owners of parent											1,177,996
Purchase of treasury stock											(251,629)
Disposal of treasury stock											181
Cancellation of treasury stock											—
Changes in shareholders’ interest due to transaction with non-controlling interests											(642)
Increase due to a decrease in subsidiaries											133
Reversal of land revaluation excess											2,087
Transfer from retained earnings to capital surplus											—
Net changes in items other than stockholders’ equity in the fiscal year			(164)				(1,619)				(478,188)
Net changes in the fiscal year			(164)				(1,619)				41,541
Balance at the end of the fiscal year		¥	767			¥	137,306			¥	14,841,509
Year ended March 31, 2026		Millions of yen
		Stockholders’ equity
		Capital stock				Capital surplus				Retained earnings				Treasury stock				Total
Balance at the beginning of the fiscal year		¥	2,345,960			¥	611,423			¥	8,290,170			¥	(38,512)			¥	11,209,042
Changes in the fiscal year
Issuance of new stock			927				927												1,855
Cash dividends											(540,292)								(540,292)
Profit attributable to owners of parent											1,582,973								1,582,973
Purchase of treasury stock															(250,624)				(250,624)
Disposal of treasury stock							(499)								759				260
Cancellation of treasury stock							(239,526)								239,526				—
Changes in shareholders’ interest due to transaction with non-controlling interests							(57)												(57)
Decrease due to a decrease in equity method affiliates											(224,699)								(224,699)
Changes in equity interest in subsidiaries of equity method affiliates							(29,383)												(29,383)
Reversal of land revaluation excess											2,939								2,939
Transfer from retained earnings to capital surplus							240,025				(240,025)								—
Net changes in items other than stockholders’ equity in the fiscal year
Net changes in the fiscal year			927				(28,513)				580,894				(10,339)				542,969
Balance at the end of the fiscal year		¥	2,346,888			¥	582,909			¥	8,871,065			¥	(48,851)			¥	11,752,012

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(Continued)

		Millions of yen
		Accumulated other comprehensive income
Year ended March 31, 2026		Net unrealized  gains (losses) on other securities				Net deferred gains (losses) on hedges				Land revaluation  excess				Foreign currency translation  adjustments				Accumulated remeasurements of defined benefit plans				Total
Balance at the beginning of the fiscal year		¥	1,930,834			¥	(168,604)			¥	32,849			¥	1,411,827			¥	287,487			¥	3,494,393
Changes in the fiscal year
Issuance of new stock
Cash dividends
Profit attributable to owners of parent
Purchase of treasury stock
Disposal of treasury stock
Cancellation of treasury stock
Changes in shareholders’ interest due to transaction with non-controlling interests
Decrease due to a decrease in equity method affiliates
Changes in equity interest in subsidiaries of equity method affiliates
Reversal of land revaluation excess
Transfer from retained earnings to capital surplus
Net changes in items other than stockholders’ equity in the fiscal year			254,257				(132,110)				(3,715)				295,122				125,497				539,051
Net changes in the fiscal year			254,257				(132,110)				(3,715)				295,122				125,497				539,051
Balance at the end of the fiscal year		¥	2,185,092			¥	(300,715)			¥	29,133			¥	1,706,949			¥	412,985			¥	4,033,445
		Millions of yen
Year ended March 31, 2026		Stock acquisition rights				Non- controlling interests				Total net assets
Balance at the beginning of the fiscal year		¥	767			¥	137,306			¥	14,841,509
Changes in the fiscal year
Issuance of new stock											1,855
Cash dividends											(540,292)
Profit attributable to owners of parent											1,582,973
Purchase of treasury stock											(250,624)
Disposal of treasury stock											260
Cancellation of treasury stock											—
Changes in shareholders’ interest due to transaction with non-controlling interests											(57)
Decrease due to a decrease in equity method affiliates											(224,699)
Changes in equity interest in subsidiaries of equity method affiliates											(29,383)
Reversal of land revaluation excess											2,939
Transfer from retained earnings to capital surplus											—
Net changes in items other than stockholders’ equity in the fiscal year			(173)				9,786				548,665
Net changes in the fiscal year			(173)				9,786				1,091,635
Balance at the end of the fiscal year		¥	594			¥	147,092			¥	15,933,144

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4. Consolidated statements of cash flows

		Millions of yen
Year ended March 31		2025				2026
Cash flows from operating activities:
Income before income taxes		¥	1,699,943			¥	2,251,725
Depreciation			247,868				264,838
Losses on impairment of fixed assets			7,052				4,496
Amortization of goodwill			32,912				26,246
Losses related to the sale of part of the US banking subsidiary’s business			—				46,112
Net (gains) losses on step acquisitions			—				1,367
Equity in (gains) losses of affiliates			5,504				(137,710)
Net change in reserve for possible loan losses			111,300				76,329
Net change in reserve for employee bonuses			14,321				13,043
Net change in reserve for executive bonuses			1,038				523
Net change in net defined benefit asset and liability			(76,526)				(311,682)
Net change in reserve for executive retirement benefits			(172)				(100)
Net change in reserve for point service program			(2,966)				30,597
Net change in reserve for reimbursement of deposits			(3,655)				30,232
Net change in reserve for losses on interest repayment			120,180				(15,384)
Interest income			(6,928,577)				(7,224,758)
Interest expenses			4,590,358				4,505,121
Net (gains) losses on securities			(460,489)				(378,553)
Net (gains) losses from money held in trust			88				(392)
Net exchange (gains) losses			825				(816,062)
Net (gains) losses from disposal of fixed assets			11,753				(1,724)
Net change in trading assets			(595,017)				(7,716,989)
Net change in trading liabilities			(299,132)				6,691,725
Net change in loans and bills discounted			(4,223,203)				(5,769,364)
Net change in deposits			6,752,524				12,846,621
Net change in negotiable certificates of deposit			2,506,958				(1,544,982)
Net change in borrowed money (excluding subordinated borrowings)			(3,315,758)				(2,045,097)
Net change in deposits with banks			2,299,127				(4,141,388)
Net change in call loans and bills bought and others			(6,829,158)				(6,548,973)
Net change in receivables under securities borrowing transactions			1,005,991				(448,302)
Net change in call money and bills sold and others			7,138,387				(2,938,650)
Net change in commercial paper			216,445				690,162
Net change in payables under securities lending transactions			441,046				(1,046,408)
Net change in foreign exchanges (assets)			(646,936)				701,146
Net change in foreign exchanges (liabilities)			(1,100,136)				(341,174)
Net change in lease receivables and investment assets			(16,993)				16,973
Net change in short-term bonds (liabilities)			(134,800)				45,300
Issuance and redemption of bonds (excluding subordinated bonds)			121,915				609,074
Net change in due to trust account			(204,537)				(85,490)
Interest received			6,964,670				7,376,170
Interest paid			(4,588,453)				(4,386,201)
Other, net			478,347				(29,421)
Subtotal			5,342,048				(9,701,005)
Income taxes paid			(493,583)				(582,134)
Net cash provided by (used in) operating activities			4,848,464				(10,283,139)

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(continued)

Year ended March 31		Millions of yen
		2025				2026
Cash flows from investing activities:
Purchases of securities		¥	(48,625,007)			¥	(44,401,975)
Proceeds from sale of securities			18,204,027				15,071,521
Proceeds from redemption of securities			26,275,651				32,985,276
Purchases of money held in trust			(8,611)				(8,301)
Proceeds from sale of money held in trust			1				4,064
Purchases of tangible fixed assets			(110,930)				(185,107)
Proceeds from sale of tangible fixed assets			7,005				11,619
Purchases of intangible fixed assets			(256,035)				(292,413)
Proceeds from purchases of stocks of subsidiaries resulting in change in scope of consolidation			—				69,552
Purchases of stocks of subsidiaries resulting in change in scope of consolidation			(315)				—
Proceeds from sale of stocks of subsidiaries resulting in change in scope of consolidation			1,272				—
Net cash provided by (used in) investing activities			(4,512,943)				3,254,237
Cash flows from financing activities:
Proceeds from subordinated borrowings			33,000				29,000
Repayment of subordinated borrowings			(33,000)				(48,000)
Proceeds from issuance of subordinated bonds and bonds with stock acquisition rights			626,442				974,775
Redemption of subordinated bonds and bonds with stock acquisition rights			(437,067)				(208,000)
Dividends paid			(412,120)				(540,071)
Proceeds from issuance of common stock to non-controlling stockholders			—				1,410
Dividends paid to non-controlling stockholders			(5,956)				(5,060)
Purchases of treasury stock			(251,629)				(250,624)
Proceeds from disposal of treasury stock			181				260
Proceeds from sale of treasury stock of subsidiaries			0				—
Purchase of stocks of subsidiaries not resulting in change in scope of consolidation			—				(45)
Proceeds from sale of stocks of subsidiaries not resulting in change in scope of consolidation			—				0
Net cash provided by (used in) financing activities			(480,149)				(46,355)
Effect of exchange rate changes on cash and cash equivalents			(48,027)				319,356
Net change in cash and cash equivalents			(192,656)				(6,755,900)
Cash and cash equivalents at the beginning of the fiscal year			66,380,330				66,187,674
Cash and cash equivalents at the end of the fiscal year		¥	66,187,674			¥	59,431,773

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5. Notes to consolidated financial statements

(Note on going concern)

Not applicable.

(Segment information)

1. Information on profit and loss amount by reportable segment

		Millions of yen
Fiscal year ended March 31, 2026		Wholesale Business Unit				Retail Business Unit				Global Business Unit				Global Markets Business Unit				Head office account and others				Total
Consolidated gross profit		¥	1,253,400			¥	1,555,600			¥	1,550,900			¥	697,800			¥	(213,007	)		¥	4,844,693
General and administrative expenses			(407,900)				(1,134,600)				(1,063,400)				(228,500)				182,886				(2,651,514)
Others			151,600				6,700				168,300				39,400				(228,290	)			137,710
Consolidated net business profit		¥	997,100			¥	427,700			¥	655,800			¥	508,700			¥	(258,410	)		¥	2,330,890

Notes:		1.		Figures shown in parentheses represent losses.
		2.		“Others” includes equity in 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 consolidated statements of income (adjustment of difference)

Fiscal year ended March 31, 2026		Millions of yen
Consolidated net business profit		¥	2,330,890
Other ordinary income (excluding equity in gains of affiliates)			577,704
Other ordinary expenses			(605,243)
Ordinary profit on consolidated statements of income		¥	2,303,350

Note: Figures shown in parentheses represent losses.

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(Per share data)

As of and for the fiscal year ended March 31, 2026		Yen
Net assets per share		¥	4,135.71
Earnings per share			411.97
Earnings per share (diluted)			411.88

(Notes)

1. Earnings per share and earnings per share (diluted) are calculated based on the following:

Year ended March 31, 2026		Millions of yen, except number of shares
Earnings per share
Profit attributable to owners of parents		¥	1,582,973
Amount not attributable to common stockholders			—
Profit attributable to owners of parents attributable to common stock			1,582,973
Average number of common stock during the fiscal year (in thousands)			3,842,443
Earnings per share (diluted)
Adjustment for profit attributable to owners of parents			(17)
Adjustment of dilutive shares issued by consolidated subsidiaries and equity method affiliates			(17)
Increase in number of common stock (in thousands)			766
Stock acquisition rights (in thousands)			766
Outline of dilutive shares which were not included in the calculation of “Earnings per share (diluted)” because they do not have dilutive effect:			—

2. Net assets per share is calculated based on the following:

March 31, 2026		Millions of yen, except number of shares
Net assets		¥	15,933,144
Amount excluded from net assets			147,687
Stock acquisition rights			594
Non-controlling interests			147,092
Net assets attributable to common stock at the fiscal year-end			15,785,457
Number of common stock at the fiscal year-end used for the calculation of net assets per share (in thousands)			3,816,866

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(Significant subsequent events)

1. Stock split and partial amendments to the Articles of Incorporation to conduct the stock split

At a meeting of the Board of Directors held on May 13, 2026, the Company resolved to implement a stock split and propose partial amendments to the Articles of Incorporation to conduct the stock split at the 24th Ordinary General Meeting of Shareholders scheduled for June 26, 2026.

(1) Purpose of the stock split

By reducing the stock price per investment unit, the Company seeks to develop a more investor-friendly environment and expand the investor base.

(2) Method of the stock split

Each share of common stock owned by shareholders listed or recorded in the final register of shareholders, with a record date of September 30, 2026, will be split into two shares.

(3) Increase in the number of shares due to the stock split

 1) Total number of issued shares before the stock split: 3,827,498,140 shares

 2) Number of shares to be increased by the stock split: 3,827,498,140 shares

 3) Total number of issued shares following the stock split: 7,654,996,280 shares

 4) Total number of authorized shares following the stock split: 18,000,564,000 shares

  * The numbers of shares in 1), 2) and 3) above are subject to change prior to the record date.

(4) Schedule for the stock split

 1) Public notice of record date (tentative): September 15, 2026

 2) Record date: September 30, 2026

 3) Effective date: October 1, 2026

(5) Partial amendments to the Articles of Incorporation to conduct the stock split

The Company proposes partial amendments to the Articles of Incorporation, effective on October 1, 2026, to increase the total number of issued shares and the total number of authorized shares for common stocks in accordance with the above split ratio of the common stocks.

Existing Articles of Incorporation		Proposed Amendments
(Total Number of Authorized Shares) Article 6. The total number of shares the Corporation is authorized to issue shall be nine billion five hundred sixty four thousand (9,000,564,000) shares. (Total Number of Authorized Shares of Each Particular Class of Shares)  Article 7. The total number of shares the Corporation is authorized to issue shall consist of nine billion (9,000,000,000) common stocks, one hundred sixty seven thousand (167,000) type 5 preferred stocks, one hundred sixty seven thousand (167,000) type 7 preferred stocks, one hundred fifteen thousand (115,000) type 8 preferred stocks and one hundred fifteen thousand (115,000) type 9 preferred stocks.		(Total Number of Authorized Shares) Article 6. The total number of shares the Corporation is authorized to issue shall be eighteen billion five hundred sixty four thousand (18,000,564,000) shares. (Total Number of Authorized Shares of Each Particular Class of Shares)  Article 7. The total number of shares the Corporation is authorized to issue shall consist of eighteen billion (18,000,000,000) common stocks, one hundred sixty seven thousand (167,000) type 5 preferred stocks, one hundred sixty seven thousand (167,000) type 7 preferred stocks, one hundred fifteen thousand (115,000) type 8 preferred stocks and one hundred fifteen thousand (115,000) type 9 preferred stocks.

(6) Effect on per share data

Assuming that the Company conducts the stock split at the beginning of the fiscal year ended March 31, 2026, per share data are as follows:

		Yen
Net assets per share		¥	2,067.86
Earnings per share			205.99
Earnings per share (diluted)			205.94

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Table of Contents

2. Repurchase and Cancellation of Own Share

At a meeting of the Board of Directors held on May 13, 2026, the Company resolved to repurchase its own shares pursuant to Article 8 of its Articles of Incorporation and paragraph 1 of Article 459 of the Companies Act, and to cancel the repurchased shares pursuant to Article 178 of the Companies Act.

(1) Reason for the Repurchase of Own Shares

The Company will conduct a flexible repurchase of its own shares in order to enhance shareholder returns and improve capital efficiency.

(2) Outline of the Repurchase

 1) Type of shares to be repurchased: Common stock

 2) Aggregate number of shares to be repurchased: Up to 40,000,000 shares (Equivalent to 1.0% of the number of shares issued (excluding treasury stock))

 3) Aggregate amount to be repurchased: Up to JPY 180,000,000,000

 4) Repurchase period: From May 14, 2026 to July 31, 2026

 5) Repurchase method: Market purchases based on a discretionary dealing contract regarding the repurchase of its own shares

(3) Outline of the Cancellation

 1) Type of shares to be cancelled: Common stock

 2) Number of shares to be cancelled: All of the shares repurchased as stated in (2) above

 3) Scheduled cancellation date: August 20, 2026

3. Acquisition of the Company’s shares for Share-Based Compensation Plan for Employees

The Company has expanded the scope of subsidiary companies covered by the Share-Based Compensation Plan (the “Plan”) for employees of Sumitomo Mitsui Banking Corporation, SMBC Nikko Securities Inc., Sumitomo Mitsui Card Company, Limited, and The Japan Research Institute, Limited, consolidated subsidiaries of the Company, to include SMBC Consumer Finance Co., Ltd.

At a meeting of the Board of Directors held on May 13, 2026, the Company resolved on matters related to the acquisition of its own shares by the trustee of the Employee Stock Ownership Plan (the “ESOP”) in connection with the Plan.

(1) Outline of the ESOP

 1) Name: Stock grant trust for employees

 2) Trustor: The Company

 3) Trustee: Sumitomo Mitsui Trust Bank, Limited

 4) Beneficiary: Employees who meet requirements as beneficiaries

 5) Trust administrator: A third party that is independent of the Company and its officers will be appointed

 6) Voting rights: The trustee shall exercise the voting rights during the trust period based on the trust administrator’s instructions

 7) Trust type: Money trust other than a specified cash trust for separate investment

 8) Date of trust contract: May 23, 2024

 9) Date of additional cash contribution to the trust: May 21, 2026

 10) Date to end trust: The end of May 2029 (tentative)

(2) Acquisition of the Company’s shares by the trustee of the ESOP

 1) Type of share to be acquired: Common stock

 2) Cash entrusted for the acquisition of the shares: Up to JPY 6,564,000,000

 3) Number of shares: Up to 1,094,000 shares

 4) Method of the share acquisition: Acquisition from the stock market

 5) Period of the share acquisition: From May 21, 2026 to May 29, 2026 (tentative)

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