Condensed Financial Information of Registrant (SMFG)

12 Months Ended

Mar. 31, 2026

Condensed Financial Information of Registrant (SMFG)

53	CONDENSED FINANCIAL INFORMATION OF REGISTRANT (SMFG)

Condensed Statements of Financial

Position


	At March 31,
	2026		2025
	(In millions)
Assets:
Deposits with SMBC	¥	551,330	¥	530,273
Investments in SMBC		4,613,984		4,613,984
Loans to SMBC		14,480,073		12,416,502
Loans to other subsidiaries		50,000		—
Investments in other subsidiaries, associates and joint ventures		2,481,066		2,480,680
Other assets		388,664		310,671
Current tax assets		17,616		1,393

Total assets	¥	22,582,733	¥	20,353,503

Liabilities and equity:
Short-term borrowings from SMBC	¥	1,675,000	¥	1,679,650
Long-term borrowings		402,838		380,100
Debt securities in issue due to subsidiaries		31,623		20,758
Debt securities in issue		11,490,697		9,889,186
Other liabilities		149,833		102,273

Total liabilities		13,749,991		12,071,967

Shareholders’ equity		6,585,588		6,418,083
Other equity instruments holders’ equity		2,247,154		1,863,453

Total equity		8,832,742		8,281,536

Total equity and liabilities	¥	22,582,733	¥	20,353,503

Condensed Income Statements


	For the fiscal year ended March 31,
	2026			2025			2024
	(In millions)
Income:
Interest income from SMBC	¥	464,381		¥	391,543		¥	334,964
Interest income from other subsidiaries		508			—			—
Dividends from SMBC		868,070			731,201			542,929
Dividends from other subsidiaries, associates and joint ventures		75,851			287,848			37,246
Fees and commission income from subsidiaries		23,611			21,498			21,722
Other income		30,066			5,197			9,655

Total income		1,462,487			1,437,287			946,516

Expense:
Interest expense to SMBC		20,754			12,071			5,586
Interest expense to other subsidiaries		11,897			9,363			9,961
Interest expense		401,553			350,428			313,356
Operating and other expense		63,906			71,586			58,418

Total expense		498,110			443,448			387,321

Profit before tax		964,377			993,839			559,195
Income tax expense		(11,345	)		(12,355	)		(8,670	)

Net profit	¥	975,722		¥	1,006,194		¥	567,865

Profit attributable to:
Shareholders		925,854			974,558			554,102
Other equity instruments holders		49,868			31,636			13,763

Condensed Statements of Cash Flows


	For the fiscal year ended March 31,
	2026			2025			2024

	(In millions)
Operating Activities:
Profit before tax	¥	964,377		¥	993,839		¥	559,195
Income taxes paid—net		14,021			32,052			78,036
Other operating activities—net		(17,214	)		(34,924	)		63,260

Net cash and cash equivalents provided by operating activities		961,184			990,967			700,491

Investing Activities:
Loans provided to subsidiaries		(1,365,996	)		(490,827	)		(1,269,130	)
Investments in subsidiaries		(3,559	)		(93,679	)		(377,437	)
Investments in associates and joint ventures		—			(507	)		(26,962	)
Other investing activities—net		(5,961	)		(4,697	)		(5,995	)

Net cash and cash equivalents used in investing activities		(1,375,516	)		(589,710	)		(1,679,524	)

Financing Activities:
Net increase (decrease) of short-term borrowings from SMBC		(4,650	)		(28,000	)		220,000
Proceeds from issuance of long-term borrowings		3,198			—			1,263,169
Redemption of long-term borrowings		(8,000	)		(13,000	)		(1,259,255	)
Proceeds from issuance of debt securities		2,142,650			1,403,275			1,260,767
Proceeds from issuance of other equity instruments		466,383			407,939			694,862
Redemption of debt securities		(1,238,587	)		(1,255,520	)		(564,970	)
Redemption of other equity instruments		(85,000	)		—			—
Payments for the principal portion of lease liabilities		(301	)		—			—
Dividends paid to shareholders		(540,071	)		(412,120	)		(348,010	)
Coupons paid to other equity instruments holders		(49,868	)		(31,636	)		(13,763	)
Purchases of treasury stock and proceeds from sales of treasury stock—net		(250,365	)		(251,448	)		(211,218	)

Net cash and cash equivalents provided by (used in) financing activities		435,389			(180,510	)		1,041,582

Net increase of cash and cash equivalents		21,057			220,747			62,549
Cash and cash equivalents at beginning of period		530,273			309,526			246,977

Cash and cash equivalents at end of period	¥	551,330		¥	530,273		¥	309,526

Investments in subsidiaries, associates and joint ventures

Investments in subsidiaries, associates and joint ventures are stated at cost. The Company recognizes dividend income from these companies when its right to receive payment is established.

Investments in other subsidiaries, associates and joint ventures included equity investments in SMBC Nikko Securities Inc., Sumitomo Mitsui Card Company, Limited, Sumitomo Mitsui DS Asset Management Company, Limited, Sumitomo Mitsui Finance and Leasing Company, Limited and others at March 31, 2026 and 2025. The country of incorporation and the proportion of ownership interest of the Company in these companies was the same as described in Note 11 “Investments in Associates and Joint Ventures,” and Note 49 “Principal Subsidiaries.”

Long-term obligations

The Company had subordinated long-term borrowings amounting to ¥20 billion and ¥28 billion at March 31, 2026 and 2025, respectively, and had unsubordinated long-term borrowings amounting to ¥383 billion and ¥352 billion at March 31, 2026 and 2025, respectively. The Company also had subordinated bonds amounting to ¥1,706 billion and ¥1,257 billion, including ¥3.0 billion and ¥0.8 billion outstanding to its subsidiary, at March 31, 2026 and 2025, respectively, and had unsubordinated bonds amounting to ¥9,817 billion and ¥8,653 billion, including ¥29 billion and ¥20 billion outstanding to its subsidiary, at March 31, 2026 and 2025, respectively. For additional information, refer to Note 19 “Borrowings” and Note 20 “Debt Securities in Issue.”

Guarantees

The Company provided guarantee of ¥

273

billion and ¥

273

billion at March 31, 2026 and 2025, respectively, to the Deposit Protection Fund of the Association of German Banks with regard to the deposits of the SMBC Dusseldorf branch.