Japanese Banking Giant SMFG Reports Iran Business Ties in Annual Filing

Rhea-AI Filing Summary

Sumitomo Mitsui Financial Group (SMFG) has submitted a notice to the SEC regarding disclosures made in their Annual Report on Form 20-F for the fiscal year ended March 31, 2025. The filing is specifically related to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934.

This notice, signed by Kazuyuki Anchi, Senior Managing Corporate Executive Officer and Group CFO, indicates that SMFG has included required disclosures regarding Iran-related activities in their annual report. The filing suggests potential business activities or transactions related to Iran that require disclosure under U.S. sanctions legislation.

Investors should note that such disclosures are required when companies engage in certain transactions with Iran or Iranian entities, and may indicate potential regulatory or compliance risks that warrant further examination in the full Form 20-F filing.

Positive

• None.

Negative

• Disclosure of Iran-related business activities required under Iran Threat Reduction and Syria Human Rights Act indicates potential exposure to sanctioned business activities and regulatory risks

Date: June 27, 2025

U.S. Securities and Exchange Commission

100 F Street, NE

Washington, D.C. 20549

 

Re: Notice of Disclosure filed in Annual Report on Form 20-F under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Exchange Act

Ladies and Gentlemen:

Pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended, notice is hereby provided that Sumitomo Mitsui Financial Group, Inc. has made disclosure pursuant to such provisions in its Annual Report on Form 20-F for the fiscal year ended March 31, 2025.

Very truly yours,

 

Sumitomo Mitsui Financial Group, Inc.
/s/ Kazuyuki Anchi
Name:	 	Kazuyuki Anchi
Title:	 	Senior Managing Corporate Executive Officer Group Chief Financial Officer

FAQ

What type of disclosure did SMFG file regarding Iran on June 28, 2025?

SMFG filed a disclosure pursuant to Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934 in their Annual Report on Form 20-F for the fiscal year ended March 31, 2025.

Who signed SMFG's Iran-related disclosure notice in June 2025?

The notice was signed by Kazuyuki Anchi, who serves as Senior Managing Corporate Executive Officer and Group Chief Financial Officer of Sumitomo Mitsui Financial Group, Inc.

When did SMFG's fiscal year end for the 20-F containing Iran-related disclosures?

The Annual Report on Form 20-F containing the Iran-related disclosures was for the fiscal year ended March 31, 2025.

What regulatory requirements prompted SMFG's Iran disclosure filing?

The disclosure was required under two regulatory frameworks: Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 and Section 13(r) of the Securities Exchange Act of 1934, as amended.