Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Mar. 31, 2026

Carrying Amounts of Financial Assets and Liabilities Carried at Fair Value

The following tables present the carrying amounts of financial assets and liabilities carried at fair value based on the three levels of the fair value hierarchy at March 31, 2026 and 2025.


	At March 31, 2026
	Level 1 (1)		Level 2 (1)		Level 3		Total

	(In millions)
Financial assets:
Trading assets:
Debt instruments	¥	4,840,674	¥	1,635,520	¥	—	¥	6,476,194
Equity instruments		410,613		3,410		—		414,023

Total trading assets		5,251,287		1,638,930		—		6,890,217

Derivative financial instruments:
Interest rate derivatives		67,936		4,937,480		14		5,005,430
Currency derivatives		—		4,957,489		1,423		4,958,912
Equity derivatives		62,019		2,811		3,107		67,937
Commodity derivatives		10,815		24,094		—		34,909
Credit derivatives		—		25,707		205		25,912

Total derivative financial instruments		140,770		9,947,581		4,749		10,093,100

Financial assets at fair value through profit or loss:
Debt instruments		367,115		1,388,809		864,835		2,620,759
Equity instruments		1,751		285		82,318		84,354

Total financial assets at fair value through profit or loss		368,866		1,389,094		947,153		2,705,113

Investment securities at fair value through other comprehensive income:
Japanese government bonds		5,476,428		—		—		5,476,428
U.S. Treasury and other U.S. government agency bonds		6,785,216		23,819		—		6,809,035
Other debt instruments		1,785,661		9,197,578		—		10,983,239

Total debt instruments		14,047,305		9,221,397		—		23,268,702

Equity instruments		4,636,879		190,185		678,375		5,505,439


	At March 31, 2026
	Level 1 (1)		Level 2 (1)			Level 3			Total

	(In millions)
Total investment securities at fair value through other comprehensive income		18,684,184		9,411,582			678,375			28,774,141

Total	¥	24,445,107	¥	22,387,187		¥	1,630,277		¥	48,462,571

Financial liabilities:
Trading liabilities:
Debt instruments	¥	3,767,152	¥	335,195		¥	—		¥	4,102,347
Equity instruments		26,241		2,003			—			28,244

Total trading liabilities		3,793,393		337,198			—			4,130,591

Derivative financial instruments:
Interest rate derivatives		59,341		5,869,756			7,712			5,936,809
Currency derivatives		2,160		5,415,237			3,142			5,420,539
Equity derivatives		41,028		3,064			1,524			45,616
Commodity derivatives		9,371		24,382			—			33,753
Credit derivatives		—		35,600			127			35,727

Total derivative financial instruments		111,900		11,348,039			12,505			11,472,444

Financial liabilities designated at fair value through profit or loss		—		539,747			121,677			661,424

Others (2)		—		(19,106	)		(32,464	)		(51,570	)

Total	¥	3,905,293	¥	12,205,878		¥	101,718		¥	16,212,889


	At March 31, 2025
	Level 1 (1)		Level 2 (1)		Level 3		Total

	(In millions)
Financial assets:
Trading assets:
Debt instruments	¥	4,165,582	¥	1,304,503	¥	41,380	¥	5,511,465
Equity instruments		663,969		1,179		—		665,148

Total trading assets		4,829,551		1,305,682		41,380		6,176,613

Derivative financial instruments:
Interest rate derivatives		40,359		5,029,763		177		5,070,299
Currency derivatives		—		3,050,767		1,059		3,051,826
Equity derivatives		33,409		122,320		6,072		161,801
Commodity derivatives		1,807		3,845		—		5,652
Credit derivatives		—		23,148		290		23,438

Total derivative financial instruments		75,575		8,229,843		7,598		8,313,016

Financial assets at fair value through profit or loss:
Debt instruments		439,183		1,532,360		849,122		2,820,665
Equity instruments		1,993		167		80,144		82,304

Total financial assets at fair value through profit or loss		441,176		1,532,527		929,266		2,902,969


	At March 31, 2025
	Level 1 (1)		Level 2 (1)			Level 3			Total

	(In millions)
Investment securities at fair value through other comprehensive income:
Japanese government bonds		11,180,546		—			—			11,180,546
U.S. Treasury and other U.S. government agency bonds		5,527,480		11,571			—			5,539,051
Other debt instruments		2,218,297		9,070,386			—			11,288,683

Total debt instruments		18,926,323		9,081,957			—			28,008,280

Equity instruments		4,398,814		221,594			550,448			5,170,856

Total investment securities at fair value through other comprehensive income		23,325,137		9,303,551			550,448			33,179,136

Total	¥	28,671,439	¥	20,371,603		¥	1,528,692		¥	50,571,734

Financial liabilities:
Trading liabilities:
Debt instruments	¥	4,157,599	¥	331,560		¥	—		¥	4,489,159
Equity instruments		347,076		2,204			—			349,280

Total trading liabilities		4,504,675		333,764			—			4,838,439

Derivative financial instruments:
Interest rate derivatives		52,418		5,724,113			4,350			5,780,881
Currency derivatives		94		3,458,041			2,950			3,461,085
Equity derivatives		18,995		404			2,693			22,092
Commodity derivatives		1,796		2,588			—			4,384
Credit derivatives		—		34,727			89			34,816

Total derivative financial instruments		73,303		9,219,873			10,082			9,303,258

Financial liabilities designated at fair value through profit or loss		—		468,168			129,678			597,846

Others (2)		—		(11,203	)		(14,117	)		(25,320	)

Total	¥	4,577,978	¥	10,010,602		¥	125,643		¥	14,714,223

(1)	Transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the period. There were no significant transfers between Level 1 and Level 2 for the fiscal years ended March 31, 2026 and 2025.

(2)

Derivatives embedded in financial liabilities, except for financial liabilities designated at fair value through profit or loss, are separately accounted for, but presented together with the host contract in the consolidated statements of financial position. In these tables, the separated embedded derivatives whose host contracts are carried at amortized cost are presented within others. Although the separated embedded derivatives may have a positive or a negative fair value, they have been presented in these tables as liabilities to be consistent with the host contract. The separated embedded derivatives are measured at fair value using the valuation techniques described in “Derivative financial instruments (including embedded derivatives)” below.

Reconciliations for Financial Assets and Liabilities Carried at Fair Value

The following tables present reconciliations from the beginning to the ending balances for financial assets and liabilities carried at fair value and categorized within Level 3 of the fair value hierarchy for the fiscal years ended March 31, 2026 and 2025.


				Total gains (losses)					Purchases		Sales			Issuances			Settlement (1)			Transfers into Level 3 (2)		Transfers out of Level 3 (2)			At March 31, 2026			Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at March 31, 2026
	At April 1, 2025			Included in profit or loss			Included in other comprehensive income		Purchases		Sales			Issuances			Settlement (1)			Transfers into Level 3 (2)		Transfers out of Level 3 (2)			At March 31, 2026

	(In millions)
Trading assets:
Debt instruments	¥	41,380		¥	867		¥	—	¥	—	¥	(42,247	)	¥	—		¥	—		¥	—	¥	—		¥	—		¥	—

Total trading assets		41,380			867			—		—		(42,247	)		—			—			—		—			—			—

Derivative financial instruments—net:
Interest rate derivatives—net		(4,173	)		(6,413	)		—		4,092		(1,204	)		—			—			—		—			(7,698	)		(3,555	)
Currency derivatives—net		(1,891	)		172			—		—		—			—			—			—		—			(1,719	)		(58	)
Equity derivatives—net		3,379			1,368			—		1,203		(4,367	)		—			—			—		—			1,583			1,181
Credit derivatives—net		201			(123	)		—		—		—			—			—			—		—			78			(120	)

Total derivative financial instruments—net		(2,484	)		(4,996	)		—		5,295		(5,571	)		—			—			—		—			(7,756	)		(2,552	)

Financial assets at fair value through profit or loss:
Debt instruments		849,122			20,518			233		261,181		(132,211	)		—			(133,122	)		—		(886	)		864,835			26,022
Equity instruments		80,144			(6,260	)		—		17,513		(1,965	)		—			(5,864	)		—		(1,250	)		82,318			(7,682	)

Total financial assets at fair value through profit or loss		929,266			14,258			233		278,694		(134,176	)		—			(138,986	)		—		(2,136	)		947,153			18,340

Investment securities at fair value through other comprehensive income:
Equity instruments		550,448			—			48,682		14,172		(6,389	)		—			(693	)		72,155		—			678,375			—

Total investment securities at fair value through other comprehensive income		550,448			—			48,682		14,172		(6,389	)		—			(693	)		72,155		—			678,375			—

Financial liabilities designated at fair value through profit or loss		(129,678	)		4,123			140		—		—			(14,100	)		17,838			—		—			(121,677	)		4,145

Others (3) —liabilities		14,117			18,508			—		—		—			—			—			—		(161	)		32,464			17,780

Total	¥	1,403,049		¥	32,760		¥	49,055	¥	298,161	¥	(188,383	)	¥	(14,100	)	¥	(121,841	)	¥	72,155	¥	(2,297	)	¥	1,528,559		¥	37,713


				Total gains (losses)						Purchases		Sales			Issuances			Settlement (1)			Transfers into Level 3 (2)		Transfers out of Level 3 (2)			At March 31, 2025			Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at March 31, 2025
	At April 1, 2024			Included in profit or loss			Included in other comprehensive income			Purchases		Sales			Issuances			Settlement (1)			Transfers into Level 3 (2)		Transfers out of Level 3 (2)			At March 31, 2025

	(In millions)
Trading assets:
Debt instruments	¥	—		¥	500		¥	—		¥	1,558	¥	—		¥	—		¥	—		¥	39,322	¥	—		¥	41,380		¥	500

Total trading assets		—			500			—			1,558		—			—			—			39,322		—			41,380			500

Derivative financial instruments—net:
Interest rate derivatives—net		(2,656	)		(3,067	)		—			1,802		(252	)		—			—			—		—			(4,173	)		(1,510	)
Currency derivatives—net		(923	)		(968	)		—			—		—			—			—			—		—			(1,891	)		(887	)
Equity derivatives—net		3,382			2,057			—			6,499		(8,559	)		—			—			—		—			3,379			2,947
Credit derivatives—net		314			(113	)		—			—		—			—			—			—		—			201			(84	)

Total derivative financial instruments—net		117			(2,091	)		—			8,301		(8,811	)		—			—			—		—			(2,484	)		466

Financial assets at fair value through profit or loss:
Debt instruments		739,914			(7,237	)		(42	)		291,778		(48,335	)		—			(124,379	)		—		(2,577	)		849,122			(5,321	)
Equity instruments		79,230			(3,869	)		—			13,568		(3,504	)		—			(4,969	)		—		(312	)		80,144			(6,229	)

Total financial assets at fair value through profit or loss		819,144			(11,106	)		(42	)		305,346		(51,839	)		—			(129,348	)		—		(2,889	)		929,266			(11,550	)

Investment securities at fair value through other comprehensive income:
Equity instruments		525,869			—			29,630			4,723		(7,315	)		—			(418	)		95		(2,136	)		550,448			—

Total investment securities at fair value through other comprehensive income		525,869			—			29,630			4,723		(7,315	)		—			(418	)		95		(2,136	)		550,448			—

Financial liabilities designated at fair value through profit or loss		(125,042	)		1,298			1,248			—		—			(26,075	)		18,893			—		—			(129,678	)		3,129

Others (3) —liabilities		5,227			10,499			—			—		—			—			—			—		(1,609	)		14,117			8,589

Total	¥	1,225,315		¥	(900	)	¥	30,836		¥	319,928	¥	(67,965	)	¥	(26,075	)	¥	(110,873	)	¥	39,417	¥	(6,634	)	¥	1,403,049		¥	1,134

(1)	Settlements for equity instruments include redemption of preferred stocks and receipt of cash distributions which represent a return of investment.

(2)

Transfers between levels of the fair value hierarchy are deemed to have occurred at the beginning of the period. For the fiscal year ended March 31, 2026, transfers into Level 3 amounted to ¥72,155

million primarily due to the delisting of a certain listed stock. On the other hand, for the fiscal year ended March 31, 2025, transfers into Level 3 amounted to ¥

39,417

million primarily due to an increase in significance of unobservable inputs of certain trading assets. For the fiscal years ended March 31, 2026 and 2025, transfers out of Level 3 amounted to ¥

2,297 million and ¥6,634

million, respectively. These transfers out of Level 3 were primarily due to a decrease in significance of unobservable inputs of certain financial assets at fair value through profit or loss, including certain investment funds, and an increase in observability of certain private equity investments measured at fair value through other comprehensive income.

(3)

Total and Changes in Unrealized Gains or Losses Included in Profit or Loss for Level 3 Financial Assets and Liabilities

The following table presents total gains or losses in

cluded in

profit or loss for the Level 3 financial assets and liabilities, and changes in unrealized gains or losses included in profit or loss related to those financial assets and liabilities held at March 31, 2026 and 2025 by line item of the consolidated income statements.


	Total gains (losses) included in profit or loss for the fiscal year ended March 31,					Changes in unrealized gains (losses) included in profit or loss related to assets and liabilities held at March 31,
	2026		2025			2026		2025

	(In millions)
Net interest income	¥	1,583	¥	1,865		¥	606	¥	705
Net trading income		12,796		7,043			14,622		8,850
Net income (loss) from financial assets and liabilities at fair value through profit or loss		18,381		(9,808	)		22,485		(8,421	)

Total	¥	32,760	¥	(900	)	¥	37,713	¥	1,134

The aggregate deferred day one profit yet to be re

cog

nized in profit or loss at the beginning and end of the fiscal years ended March 31, 2026 and 2025, and reconciliation of changes in the balances were as follows:

Summary of Aggregate Deferred Day One Profit Yet to Be Recognized in Profit


	For the fiscal year ended March 31,
	2026			2025

	(In millions)
Balance at beginning of period	¥	11,030		¥	12,173
Increase due to new trades		6,970			6,936
Reduction due to redemption, sales or passage of time		(7,122	)		(8,079	)

Balance at end of period	¥	10,878		¥	11,030

Quantitative Information about Significant Unobservable Inputs Used in the Fair Value Measurement for Level 3 Financial Assets and Liabilities

Significant Unobservable Inputs

The following tables present quantitative information about significant unobservable inputs used in the fair value measurement for Level 3 financial assets and liabilities at March 31, 2026 and 2025.


	At March 31, 2026
	Assets		Liabilities			Valuation technique(s) (1)	Significant unobservable inputs (1)	Range of inputs (1)

	(In millions)
Derivative financial instruments:
Interest rate derivatives	¥	14	¥	7,712		Option model	Interest rate to interest rate correlation	28%-100%
							Quanto correlation	11%-58%
							Foreign exchange volatility	12%
Currency derivatives		1,423		3,142		Option model	Interest rate to interest rate correlation	31%-100%
							Quanto correlation	11%-50%
							Foreign exchange volatility	10%-13%
Equity derivatives		3,107		1,524		Option model	Equity volatility	2%-101%
Credit derivatives		205		127		Credit Default model	Quanto correlation	18%-28%
Financial assets at fair value through profit or loss:
Debt instruments		864,835		—		Option model	Foreign exchange volatility	42%
						DCF model	Probability of default rate	0%-19%
							Loss given default rate	25%-45%
							Discount margin	5%-8%
						Net asset value (2)	—	—
Equity instruments		82,318		—		Market multiples	Price/Book value multiple	0.8x
							Liquidity discount	20%
						DCF model	Probability of default rate	0%
							Loss given default rate	40%
						See note (3) below	—	—
Investment securities at fair value through other comprehensive income:
Equity instruments		678,375		—		Market multiples	Price/Book value multiple	0.4x-2.3x
							Liquidity discount	20%
						See note (3) below	—	—
Financial liabilities designated at fair value through profit or loss		—		121,677		Option model	Equity to equity correlation	46%-89%
							Interest rate to interest rate correlation	31%
							Quanto correlation	(4%)-50%
							Equity volatility	28%-60%
						Credit Default model	Quanto correlation	18%-28%
Others (4)		—		(32,464	)	Option model	Interest rate to interest rate correlation	28%-100%
							Quanto correlation	11%-58%
							Foreign exchange volatility	10%-42%
						Credit Default model	Quanto correlation	18%-28%


	At March 31, 2025
	Assets		Liabilities			Valuation technique(s) (1)	Significant unobservable inputs (1)	Range of inputs (1)

	(In millions)
Trading assets:
Debt instruments	¥	41,380	¥	—		DCF model	Discount margin	9%
Derivative financial instruments:
Interest rate derivatives		177		4,350		Option model	Interest rate to interest rate correlation	29%-100%
							Quanto correlation	2%-52%
							Foreign exchange volatility	11%
Currency derivatives		1,059		2,950		Option model	Interest rate to interest rate correlation	30%-100%
							Quanto correlation	7%-49%
							Foreign exchange volatility	10%-13%
Equity derivatives		6,072		2,693		Option model	Equity to equity correlation	59%
							Equity volatility	2%-93%
Credit derivatives		290		89		Credit Default model	Quanto correlation	18%-30%
Financial assets at fair value through profit or loss:
Debt instruments		849,122		—		Option model	Foreign exchange volatility	13%-42%
						DCF model	Probability of default rate	0%-27%
							Loss given default rate	20%-100%
							Discount margin	6%-8%
						Net asset value (2)	—	—
Equity instruments		80,144		—		Market multiples	Price/Book value multiple	0.9x-1.5x
							Liquidity discount	20%
						DCF model	Probability of default rate	0%-1%
							Loss given default rate	40%
						See note (3) below	—	—
Investment securities at fair value through other comprehensive income:
Equity instruments		550,448		—		Market multiples	Price/Book value multiple	0.3x-3.8x
							Liquidity discount	20%
						See note (3) below	—	—
Financial liabilities designated at fair value through profit or loss		—		129,678		Option model	Equity to equity correlation	51%-70%
							Interest rate to interest rate correlation	30%
							Quanto correlation	3%-49%
							Equity volatility	22%-47%
						Credit Default model	Quanto correlation	18%-30%
Others (4)		—		(14,117	)	Option model	Interest rate to interest rate correlation	29%-100%
							Quanto correlation	2%-52%
							Foreign exchange volatility	10%-42%
						Credit Default model	Quanto correlation	18%-30%

(1)	Valuation techniques and unobservable inputs for insignificant Level 3 financial assets and liabilities are excluded.

(2)	The Group has determined that the net asset value represents fair values of certain investment funds.

(3)

Fair values of certain equity instruments such as unlisted stocks are estimated on the basis of an analysis of the investee’s financial position and results, risk profile, prospects and other factors. A range of key inputs is not provided in these tables as it is not practical to do so given the nature of such valuation techniques.

(4)

Impact of Valuation Sensitivity


	At March 31, 2026
	Total fair value measured using valuation techniques			Effect recorded in profit or loss				Effect recorded directly in equity
	Total fair value measured using valuation techniques			Favorable changes		Unfavorable changes		Favorable changes		Unfavorable changes
	(In millions)
Financial instruments—net:
Derivative financial instruments—net:
Interest rate derivatives—net	¥	(7,698	)	¥	12	¥	12	¥	—	¥	—
Currency derivatives—net		(1,719	)		2		2		—		—
Equity derivatives—net		1,583			1,844		1,811		—		—
Credit derivatives—net		78			16		16		—		—
Financial assets at fair value through profit or loss:
Debt instruments		864,835			988		6,340		—		—
Equity instruments		82,318			125		189		—		—
Investment securities at fair value through other comprehensive income:
Equity instruments		678,375			—		—		32,188		32,188
Financial liabilities designated at fair value through profit or loss (1)		(121,677	)		228		244		—		—
Others (1)(2) —liabilities:		32,464			18		18		—		—


	At March 31, 2025
	Total fair value measured using valuation techniques			Effect recorded in profit or loss				Effect recorded directly in equity
	Total fair value measured using valuation techniques			Favorable changes		Unfavorable changes		Favorable changes		Unfavorable changes
	(In millions)
Financial instruments—net:
Trading assets:
Debt instruments	¥	41,380		¥	2,270	¥	2,272	¥	—	¥	—
Derivative financial instruments—net:
Interest rate derivatives—net		(4,173	)		39		39		—		—
Currency derivatives—net		(1,891	)		2		2		—		—
Equity derivatives—net		3,379			1,761		1,759		—		—
Credit derivatives—net		201			15		14		—		—
Financial assets at fair value through profit or loss:
Debt instruments		849,122			724		1,560		—		—
Equity instruments		80,144			579		682		—		—
Investment securities at fair value through other comprehensive income:
Equity instruments		550,448			—		—		19,371		19,371
Financial liabilities designated at fair value through profit or loss (1)		(129,678	)		209		214		—		—
Others (1)(2) —liabilities:		14,117			28		28		—		—

(1)

As part of risk management, the Group enters into transactions to offset the profit or loss of certain financial instruments, including embedded derivatives. Sensitivity of embedded derivatives related to these transactions is presented as derivative financial instruments or financial assets at fair value through profit or loss, according to the presentation of the financial instruments arising from these transactions.

(2)

Financial Assets and Liabilities Not Carried at Fair Value


			At March 31, 2026
			Carrying amount		Fair value
	Notes		Carrying amount		Total		Level 1		Level 2		Level 3

	(In millions)
Financial assets:
Investment securities:
Debt instruments at amortized cost		a	¥	4,763,716	¥	4,585,566	¥	4,394,246	¥	191,320	¥	—
Loans and advances		b		130,516,241		132,600,223		—		79,945		132,520,278
Other financial assets (1)		b		11,876,173		11,853,197		—		11,099,398		753,799

Financial liabilities:
Deposits:
Non-interest-bearing deposits, demand deposits and deposits at notice		c	¥	132,587,159	¥	132,644,154	¥	—	¥	132,644,154	¥	—
Other deposits		c		69,343,268		69,316,015		—		69,225,958		90,057
Borrowings		c		10,179,722		9,997,351		—		9,990,380		6,971
Debt securities in issue		c		16,576,423		17,207,028		—		17,028,161		178,867
Other financial liabilities (2)		c		16,425,020		16,424,478		—		16,370,524		53,954


			At March 31, 2025
			Carrying amount		Fair value
	Notes		Carrying amount		Total		Level 1		Level 2		Level 3

	(In millions)
Financial assets:
Investment securities:
Debt instruments at amortized cost		a	¥	366,997	¥	360,445	¥	255,559	¥	104,886	¥	—
Loans and advances		b		125,190,819		128,022,363		—		310,590		127,711,773
Other financial assets		b		7,061,639		7,057,811		—		7,009,447		48,364

Financial liabilities:
Deposits:
Non-interest-bearing deposits, demand deposits and deposits at notice		c	¥	127,961,773	¥	128,007,649	¥	—	¥	128,007,649	¥	—
Other deposits		c		62,060,969		62,649,007		—		62,541,596		107,411
Borrowings		c		12,303,909		12,161,162		—		12,153,534		7,628
Debt securities in issue		c		14,387,415		15,232,445		—		15,158,026		74,419
Other financial liabilities		c		10,346,934		10,346,645		—		10,291,551		55,094

a.	The fair values of debt instruments at amortized cost are determined using quoted prices in active markets or observable inputs other than quoted prices in active markets.
b.	(i)	The carrying amounts of loans with no specified repayment dates represent a reasonable estimate of fair value, considering the nature of these financial instruments.
	(ii)	Short-term financial assets: The carrying amounts represent a reasonable estimate of fair value.
	(iii)	Long-term financial assets: Except for impaired loans and advances, the fair values are mostly determined using the DCF method taking into account certain factors including counterparties’ credit ratings, pledged collateral, and market interest rates. The fair values of impaired loans and advances are generally determined by discounting the estimated future cash flows over the time period they are expected to be recovered, and may be based on the appraisal value of underlying collateral as appropriate.
c.	Note that some of the financial liabilities in this category include embedded derivatives, which are separately accounted for, but presented together with the host contract.
	(i)	The carrying amounts of demand deposits and deposits without maturity represent a reasonable estimate of fair value, considering the nature of these financial instruments.
	(ii)	Short-term financial liabilities: The carrying amounts represent a reasonable estimate of fair value.
	(iii)	Long-term financial liabilities: The fair values are, in principle, based on the present values of future cash flows calculated using the funding costs for the remaining maturities. The fair values of debt securities in issue are based on a price quoted by a third party, such as a pricing service or broker, or the present values of future cash flows calculated using the rate derived from yields of bonds issued by SMFG, SMBC and other subsidiaries and publicly offered subordinated bonds published by securities firms.
	(iv)	The carrying amounts and fair values of lease liabilities are not included in these tables.
(1)	The assets related to SMBC MANUBANK’s commercial banking business and certain other loans were classified as held for sale during the fiscal year ended March 31, 2026.
(2)	The liabilities related to SMBC MANUBANK’s commercial banking business were classified as held for sale during the fiscal year ended March 31, 2026.