Sumitomo Mitsui Finl Group Inc SEC Filings

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.

Sumitomo Mitsui Financial Group (NYSE:SMFG) filed its FY-2025 Form 20-F.

• 3-for-1 stock split effective 1 Oct 2024; all per-share data retroactively adjusted.
• New line item: “Net gains (losses) from derecognition of financial assets at amortized cost.”
• Interest on Bank of Japan deposits reclassified; prior years restated.
• Losses stemmed from sales of low-profit loans in Europe & the Middle East to boost capital efficiency.
• Deferred-tax assets recognized nationally but not locally: ¥304.3 bn (2025) vs ¥221.5 bn (2024); current statutory tax rate 30.6%, slated to change from FY-2027.
• Housing-loan portfolio edged up to ¥11.12 tn (+1%).

No headline earnings were included in the excerpt; investors should review the full filing for profitability and capital metrics.

Sumitomo Mitsui Financial Group held its 23rd Ordinary General Meeting of Shareholders on June 27, 2025, where several key matters were reported and resolved. The company reported on its Business Report and Financial Statements for FY2024-2025.

Key resolutions included:

• Approval of a dividend of ¥62 per share of Common Stock (¥122 annualized after 3-for-1 stock split from October 1, 2024)
• Election of thirteen Directors, including seven Outside Directors: Sonosuke Kadonaga, Jun Sawada, Yoriko Goto, Isao Teshirogi, Norimitsu Takashima, Charles D. Lake II, and Jenifer Rogers

Three shareholder proposals were rejected, including:

• Disclosure of financial risk audit by the Audit Committee
• Disclosure of assessment of clients' climate change transition plans
• Alternative appropriation of surplus

Sumitomo Mitsui Financial Group, Inc. (SMFG) filed a Form 6-K on 20 June 2025 disclosing corrections to the consolidated financial results for the fiscal year ended 31 March 2025 prepared under Japanese GAAP.

Reason for restatement: Errors were identified in cash-flow related line items – Net exchange gains/losses, Issuance and redemption of bonds (excluding subordinated bonds), Net change in due to trust account, and the Effect of exchange-rate changes on cash and cash equivalents. These mistakes affected the Consolidated Statements of Cash Flows but did not alter year-end cash and cash equivalents (¥66,187.7 bn) or investing/financing cash-flow totals.

Key revisions (FY 2025):

• Net cash provided by operating activities revised from ¥4,969.4 bn to ¥4,848.5 bn (-¥120.9 bn, or -2.4%).
• Year-on-year increase in operating cash flow now ¥4,205.6 bn instead of ¥4,326.6 bn.
• Investing cash flow unchanged at -¥4,512.9 bn.
• Financing cash flow unchanged at -¥480.1 bn.

The filing notes no revisions to income-statement or balance-sheet figures. Management signed the report, and the document is incorporated by reference into SMFG’s Form F-3 shelf registration.

Implications for investors: The downward adjustment is modest relative to SMFG’s scale and leaves liquidity metrics intact; however, it highlights internal control weaknesses in cash-flow preparation and could draw auditor or regulatory attention.