Debt Securities in Issue

12 Months Ended

Mar. 31, 2026

20	DEBT SECURITIES IN ISSUE

Debt securities in issue at March 31, 2026 and 2025 consisted of the following:


		At March 31,
	Interest rate	2026		2025
		(In millions)
SMFG:
Unsubordinated bonds:
Unsubordinated bonds, payable in United States dollars, due 2025-2052	0.95%-6.71%	¥	8,015,219	¥	7,204,601
Unsubordinated bonds, payable in euros, due 2026-2035	0.30%-4.49%		1,189,176		799,166
Unsubordinated bonds, payable in Japanese yen, due 2026-2035	0.55%-2.15%		240,402		260,000
Unsubordinated bonds, payable in Australian dollars, due 2026-2028	3.40%-4.13%		61,456		52,553
Unsubordinated bonds, payable in Hong Kong dollars, due 2028	3.54%		6,059		5,589
Subordinated bonds:
Subordinated bonds, payable in Japanese yen, due 2025-2035	0.47%-2.35%		752,730		701,064
Subordinated bonds, payable in United States dollars, due 2029-2045	2.14%-6.18%		869,239		493,492

Total SMFG			11,134,281		9,516,465

SMBC:
Commercial paper	1.96%-4.91%		2,237,882		1,819,529
Unsubordinated bonds:
Unsubordinated bonds, payable in United States dollars, due 2025-2045	3.30%-6.90%		378,138		281,872
Unsubordinated bonds, payable in Australian dollars, due 2026-2027	4.77%-4.80%		12,030		5,838
Unsubordinated bonds, payable in Hong Kong dollars, due 2025-2028	2.90%-4.16%		8,159		21,667
Subordinated bonds:
Subordinated bonds, payable in Japanese yen, due 2026	2.17%-2.21%		59,999		59,998

Total SMBC			2,696,208		2,188,904

Other subsidiaries:
Commercial paper	0.30%-7.97%		1,913,474		1,751,568
Unsubordinated bonds:
Unsubordinated bonds, payable in Japanese yen, due 2025-2050	0.01%-7.20%		69,764		84,114
Unsubordinated bonds, payable in United States dollars, due 2025-2037	0.01%-4.02%		6,700		8,606
Unsubordinated bonds, payable in euros, due 2025-2031	0.01%-3.60%		476,416		566,906
Unsubordinated bonds, payable in Indonesian rupiah, due 2025-2030	6.10%-7.45%		63,884		33,651
Unsubordinated bonds, payable in Australian dollars, due 2027-2028	0.01%-0.75%		183		250
Unsubordinated bonds, payable in Indian rupee, due 2025-2035	7.14%-9.50%		195,513		216,951
Subordinated bonds:
Subordinated bonds, payable in Japanese yen, due 2028	4.00%-4.15%		20,000		20,000

Total other subsidiaries			2,745,934		2,682,046

Total debt securities in issue		¥	16,576,423	¥	14,387,415

Interest rates represent the contractual interest rates that were applied at March 31, 2026 and 2025, and thus do not represent the actual effective interest rates.

The following table presents the movement in Subordinated bonds for the fiscal years ended March 31, 2026 and 2025.


	For the fiscal year ended March 31,
	2026			2025
	(In millions)
Subordinated bonds at beginning of period (1)	¥	1,274,554		¥	1,444,192
Cash flows:
Proceeds from issuance of subordinated bonds		513,967			252,506
Redemption of subordinated bonds		(123,000	)		(439,941	)
Non-cash changes:
Foreign exchange translations		59,371			(5,117	)
Others		(22,924	)		22,914

Subordinated bonds at end of period (1)	¥	1,701,968		¥	1,274,554

(1)	The balances are comprised of subordinated bonds issued by SMFG, SMBC and other subsidiaries.