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Investor Meeting FY3/2026
May 18, 2026
Copyright © 2026 Sumitomo Mitsui Financial Group. All Rights Reserved.
This document contains "forward-looking statements" (as defined in the U.S. Private Securities Litigation Reform Act of 1995), regarding the intent, belief or current expectations of Sumitomo Mitsui Financial Group, Inc. ("the Company") and its management with respect to the Company's future financial condition and results of operations. This document also contains "sustainability statements" related to the sustainability activities of the Company concerning the environmental, social, and governance matters.
In many cases but not all, these statements contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "probability," "risk," "project," "should," "seek," "target," "will" and similar expressions. Such statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those expressed in or implied by such forward-looking statements or sustainability statements contained or deemed to be contained herein. The risks and uncertainties which may affect future performance or results include: deterioration of Japanese and global economic conditions and financial markets;
declines in the value of the Company's securities portfolio; incurrence of significant credit-related costs; the Company's ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; and exposure to new risks as the Company expands the scope of its business. Given these and other risks and uncertainties, you should not place undue reliance on forward-looking statements or sustainability statements, which speak only as of the date of this document. The Company undertakes no obligation to update or revise any forward-looking statements or sustainability statements. The sustainability initiatives of the Company described in the "sustainability statements" are based on policies and practices that seek to promote and responsive to its risk management and other investment and objectives. Each decision will be made subject to local legal requirements.
Please refer to the Company's most recent disclosure documents such as its annual report on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as its earnings press releases, for a more detailed description of the risks and uncertainties that may affect its financial conditions, its operating results, and investors' decisions.
FX rates (TTM)
Mar. 25 | Mar. 26 | |
USD | 149.53 | 159.90 |
EUR | 162.05 | 183.44 |
FX rates (average)
USD | 152.57 151.06 |
EUR | 163.65 175.53 |
▶ Definitions
SMFG | Sumitomo Mitsui Financial Group, Inc. |
SMBC | Sumitomo Mitsui Banking Corporation |
SMBC Trust | SMBC Trust Bank |
SMFL | Sumitomo Mitsui Finance and Leasing |
SMBC Nikko | SMBC Nikko Securities |
SMCC | Sumitomo Mitsui Card Company |
SMBCCF | SMBC Consumer Finance |
SMDAM | Sumitomo Mitsui DS Asset Management |
SMBCAC | SMBC Aviation Capital |
SMICC | SMFG India Credit Company |
Major local subsidiaries | SMBC Bank International, SMBC Bank EU, SMBC (China) |
Expenses (non-consolidated) | Excl. non-recurring losses |
Net business profit | Before provision for general reserve for possible loan losses |
Retail Business Unit (RT) | Domestic retail business |
Wholesale Business Unit (WS) | Domestic wholesale business |
Global Business Unit (GB) | International business |
Global Markets Business Unit (GM) | Market / Treasury related businesses |
Copyright © 2026 Sumitomo Mitsui Financial Group.
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Agenda
Ⅰ
Ⅱ
Ⅲ
Financial Results
////////////////////////////////////////////// 3
//////////////////////////////
New Medium-Term Management Plan/////// 24
Capital Policy
////////////////////////////////////////////////// 52
Appendix ///////////////////////////////////////////////////////// 60
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Financial Results of FY3/2026Results of FY3/26
Achieved record-high net income as strong core businesses continued, exceeding the target of JPY 1.5tn. ROE and EPS also improved substantially in line with profit growth.
(JPY bn)
Solid business
+212
Utilize one-off profits for future measures
+36
1,583.0
Interest rate and FX
+94
1,178.0 Absence of forward-looking +63
provisions in FY3/25
FY3/25
FY3/26
All figures are after tax
FY3/26
(JPY bn) | Results | YoY | vs. target |
Gross profit | 4,844.7 | +717.9 | - |
G&A expenses | 2,651.5 | +249.6 | - |
Overhead ratio | 54.7% | (3.5)% | |
Net business profit | 2,330.9 | +611.6 | +280.9 |
Total credit cost | 388.4 | +43.9 | +88.4 |
Gains (losses) on stocks | 446.1 | (63.8) | - |
Ordinary profit | 2,303.4 | +583.9 | +193.4 |
Net income | 1,583.0 | +405.0 | +83.0 |
ROE | 10.4% | +2.4% | - |
EPS (JPY) | 412 | +110 | - |
▶ Breakdown of net income
One-off profits: +224 | Measures for future: (188) | ||
Higher gains of stocks | +110 | Forward-looking provisions | (46) |
Higher profits of GM Business Units | +100 | Bond portfolio rebalancing | (42) |
Receipt of insurance claims | +14 | Loss from the restructuring | (34) |
on aircraft leasing | of an U.S. banking subsidiary | ||
Radical allowance for | |||
dormant deposits*1 | (24) | ||
Sales of low-return assets | (21) | ||
Disposal of NPL at OTO/SOF | (21) | ||
*1 Allowance for possible losses on repayment claims for dormant deposits that have had no transactions for an extended period and are no longer recognized as liabilities.
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Target of FY3/27
Aim to achieve net income of JPY 1.7tn, driven by solid growth in underlying businesses
while absorbing the impact from the Middle East. Maintain flexibility in addressing downside risks to deliver the target.
▶ Breakdown of net income
(JPY bn)
1,700
Solid business
+120
1,583.0
Interest rate and FX*1
+30
One-off factors
in FY3/26
Absence Absence of of one-off measures profits for future
(224) +188
(JPY bn) | Results Target FY3/26 FY3/27 | ||
YoY | |||
Net business profit | 2,330.9 | 2,400 | +69.1 |
Credit cost | 388.4 | 340 | (48.4) |
Ordinary profit | 2,303.4 | 2,390 | +86.6 |
Net income | 1,583.0 | 1,700 | +117.0 |
FY3/26 FY3/27
*1 Macro assumption : Policy rate Japan: 0.75%, US: 3.5% FX: USD1=JPY150
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Income Statement
Net income
1,583.0
+405.0
+34%
+83.0
(JPY bn)
Gross profit
4,844.7
+717.9
G&A expenses
2,651.5
+249.6
Overhead ratio
54.7%
(3.5)%
Equity in gains (losses) of affiliates
137.7
+143.2
Net business profit
2,330.9
+611.6
+36%
+280.9
Total credit cost
388.4
+43.9
+88.4
Gains (losses) on stocks
446.1
(63.8)
Other income (expenses)
(85.2)
+79.9
Ordinary profit
2,303.4
+583.9
+193.4
Extraordinary gains (losses)
(51.6)
(32.1)
Income taxes
666.9
+153.8
vs. target
YoY
FY3/26
Gross profit: despite a bond portfolio rebalancing: (60) and sales of low-return assets: (30), increased YoY due to
1 1) increase of net interest income in domestic market
increase of fee income in domestic wholesale business, and
good performance in wealth management business,
2 payment business and consumer finance.
Impact of FX*1: +65
3 ⚫ G&A expenses: increased YoY mainly due to inflation and
higher variable marketing costs, while the overhead ratio significantly
4 improved on top-line growth.
Impact of FX*1: +29
5 ⚫ Equity in gains of affiliates: increased YoY due to absence of
6 the impairment in Vietnam: +135
Impact of FX*1: +4
7 ⚫ Total credit cost: increased due to
8 1) forward-looking provisions preparing for the potential risks
initiated by the Middle East tensions: +65
9 2) disposal of NPL at OTO/SOF: +31
10 ⚫ Gains on stocks: decreased YoY despite Kotak share sales: +94,
lower gains on sales of equity holdings: +386 (YoY(99)), and
11 loss on Bank of East Asia share sale: (28)
ROE incl. OCI*2 | 10.4% +2.4% |
ROE*3 | 13.8% +3.0% |
Others: increased due to the absence of an allowance on interest repayment of consumer finance: +140 , despite the loss from forward
12 dealings which aim to mitigate risk of stock prices: (32)
13 and allowance for dormant deposits: (34)
Extraordinary losses: decreased due to
the loss from the reorganization of an U.S. banking subsidiary: (46)
*1 Impact of FX on SMBC overseas branch: transaction date rate, overseas subsidiary: end-of-period rate
*2 Denominator: Shareholder's equity + total accumulated other comprehensive income *3 Based on shareholder's equity
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(Ref.) Group Companies
▶ SMBC ▶ Other Major Group Companies
vs. target
YoY
FY3/26
(left : results of FY3/26 / right : YoY)
SMBC Nikko *1
SMCC *2
(JPY bn)
1 Gross banking profit | 2,677.9 | +421.3 | ||
2 | o/w Net interest income | 1,946.3 | +295.0 | |
o/w Gains (losses) on cancellation 3 of investment trusts | 65.4 | (18.6) | ||
4 | Domestic | 1,148.0 | +300.2 | |
5 | Overseas | 798.3 | (5.1) | |
6 | o/w Net fees and commissions | 620.0 +74.1 | ||
7 | Domestic | 298.5 | +46.7 | |
8 | Overseas | 321.4 | +27.4 | |
9 | o/w Net trading income Net other operating income | 107.6 | +51.5 | |
10 | o/w Gains (lossses) on bonds | (96.5) | (41.3) | |
11 | Expenses | 1,186.0 | +113.9 | |
12 | Banking profit | 1,491.9 | +307.5 +111.9 | |
13 | Total credit cost | 86.0 | (64.8) +26.0 | |
14 15 | Gains (losses) on stocks Extraordinary gains (losses) | 426.7 (59.4) 66.0 +97.6 | ||
(JPY bn)
Gross profit | 586.4 | +51.0 | 884.4 | +66.0 | *3 (excl. one-off items) | |
Expenses | 470.7 | +23.8 | 627.0 | +58.1 | ||
Net business profit | 115.7 | +27.2 | 262.9 | +80.1 | 262.9 | +80.1 |
Net income | 128.3 | +55.0 | 105.7 | +170.0 | 105.7 | +29.8 |
(Equity method affiliate)
SMBC Trust | SMDAM 50% | SM | *4 50% FL | |||
Gross profit | 80.7 | +8.5 | 51.6 | +7.8 | 411.2 | +105.3 |
Expenses | 45.7 | +3.1 | 35.4 | +1.9 | 179.2 | +38.9 |
Net business profit | 35.1 | +5.5 | 16.3 | +6.0 | 240.9 | +63.2 |
Net income | 26.4 | +4.1 | 5.8 | +2.1 | 120.1 | (13.8) |
Net income 1,411.7 +343.1 +121.7
Eliminated in consolidated basis
dividend from a subsidiary: 150 (YoY +5)
reversal of allowance for investment losses from VPBank: 90
16
*1 Incl. profits from SMBC Nikko America and SMBC Capital Markets (managerial accounting basis) *2 Incl. SMBCCF
*3 Excl. impairment of FE Credit and the radical allowance on interest repayment, the gain on extinguishment of tie-in shares related to the merger with SMBCFS *4 Managerial accounting basis
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(Ref.) Net Business Profit and Net Income Breakdown
▶ Net Business Profit Breakdown by Business Unit ▶ Net Income Breakdown by Group Company
SMCC*3
105.7
SMBC
Trust 26.4
SMFL
60.0
SMDAM
5.8
Others SMFG
1,583.0
SMBC
1,411.7
SMBC
Nikko*2 128.3
Overseas
Banking
Subsidiaries
113.1
Eliminated in consolidated basis*1 (240)
(JPY bn) (JPY bn)
Others
2,330.9
WS
+213.5
GB
+16.3
GM
+39.0
RT
+139.4
Absence of impairment of
VPBank and FE Credit in Vietnam (+135)
1,719.3
FY3/25
FY3/26
RT WS GB 市場 そ の他
*1 Dividend from a subsidiary: JPY 150bn, reversal of allowance for investment losses from VPBank: JPY 90bn
*2 Incl. profits from SMBC Nikko America and SMBC Capital Markets (managerial accounting basis) *3 Incl. SMBCCF
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Impact of Rising JPY Interest Rates
A +25bps rate hike is expected to add JPY 110bn in year 1, rising to JPY 150bn by year 5 as fixed-rate loans gradually reprice. Further upside from loan volume growth, spread expansion, and JGB portfolio optimization.
for every
+25bps
Reflects the lagged impacts and B/S changes
Year 1 Year 5
+JPY 110bn*1 +JPY 150bn*1
+JPY 100bn
JPY B/S as of Mar.26
(JPY tn)
Impact on NII
(JPY bn)
Upside
Loan volume growth, spread expansion
JGB portfolio optimization
120
110
Investment | Funding | ||||
Loans | 70 | Deposits | 130 | ||
Floating rate | 40 | Saving | 90 | ||
Fixed rate | 20 | Time | 25 | ||
Prime rate | 10 | Current | 15 | ||
Market operation | 60 | ||||
BOJ's current account | 50 | ||||
Short-term JGB | 3 | ||||
Mid- to long-term JGB | 7 | ||||
Others | 15 | Others | 15 | ||
Yen swap, etc. | Capital funding Market funding | ||||
+100
110
30
110
120
FY3/26 FY3/27 FY3/31
Policy rate
150
150
150
⇒75bps (Dec.25)
⇒50bps (Jan.25)
Lift of the NIRP*2 (Mar.24)
⇒25bps (Jul.24)
*1 +25bps increase in both short-term and long-term rate, deposit rate based on historical results
*2 Negative interest rate policy
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Gross Profit
Net interest income increased by loan growth and higher interest rates.
Fee income also increased due to robust corporate activities and higher transaction volumes from Olive.
▶ Net Trading Income +
Net Other Operating Income
▶ Net Interest Income ▶ Net Fees and Commissions
(JPY bn)
SMBCOverseas banking subsidiaries
2,719.6
SMBC Nikko SMCC*1SMICC
Others
269.6
320.3
532.5
595.6
211.7
166.3
545.8
620.0
398.3
65.4*2
261.7
126.0
382.4
1,946.3
1,651.3
84.0 *2
2,338.2
101.3
258.0
1,820.6
1,559.2
292.8
65.4
88.6
27.1
75.2
27.9
107.6
56.0
66.9
219.6
FY3/25 FY3/26
Eliminated in
consolidated basis*3
FY3/25 FY3/26
FY3/25 FY3/26
*1 Incl. SMBCCF *2 Gains on cancellation of investment trusts
*3 Incl. dividend from a subsidiary (JPY 145bn in FY3/25, JPY 150bn in FY3/26)
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(Ref.) Net Interest Income (SMBC)
▶ Domestic ▶ Overseas
Income from loans and deposits increased due to improved loan-to-deposit spread by higher interest rates and loan growth.
Loan balances declined excluding FX impact but increased in JPY. Income from loans and deposits decreased due to interest rate cuts and growth in deposit volumes.
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▶ Loan Balance
▶ Domestic Loan-to-Deposit Spread
Loans*1
2H
1H
YoY
FY3/26
(%)
Interest earned on loans and bills discounted | 1.34 | +0.32 | 1.28 | 1.40 | |
Interest paid on deposits, etc. | 0.20 | +0.14 | 0.18 | 0.23 | |
Loan-to-deposit spread | 1.14 | +0.18 | 1.10 | 1.17 | |
Balance (JPY tn)
Spread (%)
FY3/26
YoY*4
FY3/26
YoY
(Ref.) Excl. loans to the Japanese government, etc.
Interest earned on loans and bills discounted | 1.35 | +0.31 | 1.29 | 1.40 |
Loan-to-deposit spread | 1.15 | +0.17 | 1.11 | 1.17 |
▶ Average Loan Balance and Spread*2
Domestic loans | 66.7 | +4.4 | 0.68 | (0.01) | |
o/w Large corporations | 26.3 | +3.6 | 0.54 | (0.05) | |
Mid-sized corporations & SMEs | 23.3 | +1.5 | 0.68 | +0.02 | |
Individuals | 12.1 | (0.0) | 1.15 | +0.01 | |
GBU's interest earning assets*3 | 362.1 USD bn | +13.2 USD bn | 1.43 | +0.09 | |
*1 SMBC *2 Managerial accounting basis *3 Sum of SMBC, Major local subsidiaries and SMBC Trust, etc.
Sum of loans, trade bills, and securities. The spread shows the difference with the cost of funds *4 After adjustments for FX rates, etc.
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Domestic Loans and Deposits*1
Loan balances grew on strong funding demand, supported by major deals with large corporate clients.
Retail deposits increased, driven by Olive, while corporate deposits grew by capturing surplus funds from large clients.
▶ Loan Balance*2,3
▶ Deposit Balance
▶ Loan Average Balance for Corporates*2,4
▶ Loan Spread for Corporates*2,5
(JPY tn)
Mid-sized corporations and SMEs
28
26
24
22
20
18
16
Large corporations0.8%
0.7%
0.6%
0.5%
0.4%
0.3%
Large corporationsMid-sized corporations and SMEs
1Q 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1Q 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
FY3/23 FY3/24 FY3/25 FY3/26
FY3/23 FY3/24 FY3/25
FY3/26
*1 SMBC *2 Managerial accounting basis *3 Changed the definition of mid-sized corporations and SMEs from Sep.25. The figures before have been adjusted retrospectively *4 Quarterly average (excl. loans to the Japanese government). Figures for SMEs are the outstanding balance of Corporate banking division *5 Loan spread of existing loans (excl. loans to the Japanese government)
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Overseas Loans and Deposits*1
Loan spreads improved despite lower loan balances,
reflecting reduction in low-return assets and a shift toward higher margin loans.
▶ Loan Balance
▶ Loan Spread*2,3
(USD bn)
Asia Americas EMEAvs Mar.25
▶ Loan to Deposit Spread
excl. FX impact
288
290
285
295
289
80
77
82
86
84
105
117
113
122
123
102
96
90
86
82
(3)%
(5)%
+0%
8.0%
Yield of loans and bills discounted
Yield of deposits
Loan to deposit spread
6.0%
(6)%
4.0%
2.0%
Mar.22 Mar.23 Mar.24 Mar.25 Mar.26
*1 Managerial accounting basis. Sum of SMBC and Major local subsidiaries
*2 Quarterly average loan spread of existing loans
*3 Changed the definition from FY3/25. The figures before have been adjusted retrospectively
0.0%
1Q 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
FY3/23 FY3/24 FY3/25 FY3/26
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Asset Quality
▶ Credit Costs ▶ Non-Performing Loan Ratio*2 and Balance
(JPY bn)
Consolidated SMBC(JPY bn)
Consolidated SMBC388.4
344.5
340
274.0
210.2
115.5
(10bp)
150.8
(12bp)
96.3
(8bp)
86.0
(7bp)
90
0.52% 0.52%
0.43%
0.71%
0.80%
0.81%
0.97%
0.67%
1,349.3
927.8
586.6
1,023.1
630.0
881.7
536.5
919.3
FY3/23 FY3/24 FY3/25 FY3/26 FY3/27
forecast
(JPY bn)
Mar.23 Mar.24 Mar.25 Mar.26
Non-performing loan balance*3
(JPY bn)
Domestic | 651.1 | 455.4 | 584.4 |
Asia | 209.9 | 174.9 | 246.9 |
Americas | 84.5 | 117.5 | 367.3 |
EMEA | 77.6 | 133.9 | 150.7 |
SMBC
(excl. claims to substandard borrowers)
(JPY tn)
Major group companies
Claims on borrowers requiring caution
YoY
FY3/26
SMCC | 126 | +10 |
o/w SMBCCF | 69 | +10 |
Overseas banking subsidiaries | 111*1 | +31 |
SMICC | 43 | +12 |
1.8 1.7 1.2
Total claims
(JPY tn)
Consolidated | 126 | 131 | 139 |
SMBC | 120 | 123 | 130 |
*1 Incl. disposal of OTO/SOF NPL: JPY (31)
*2 NPL ratio = NPLs based on the Banking Act and the Reconstruction Act (excl. normal assets) / Total claims
*3 Managerial accounting basis
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Credit Costs
Credit costs were in line with forecast, excluding forward-looking provisions and OTO/SOF NPL disposals.
Middle East-related risks, including potential spillover effects, are partly provisioned for and remain closely monitored.
(JPY bn, Breakdowns in round figures)
388.4
344.5
provisions for
Middle East 65 OTO/SOF
31
340
Forward-looking
provisions for
U.S. tariffs 90
292.4
Large-borrowers
in Brazil 74
Initial
forecast 300
Enhance head office
oversight and local collection / credit monitoring capabilities
Forward-looking
Forward-looking provisions for Middle East
Middle East tensions
Inflation/
Higher rates
Assumed Business
risks disruptions in the
Middle East
Production cuts /
operational suspensions
due to inventory shortages
Higher
manufacturing
Higher interest
burden and rising
and transportation material prices,
costs
etc.
Target
portfolio
Resource
Petrochemicals, energy,
development, etc. transportation, materials, etc.
LBO, Project
finance under construction phase, etc.
Estimate appropriate provision by applying
revenue-decline assumptions to each portfolio
New provisions in FY3/26: JPY 65bn
Spillover effects
Direct impact
Estimate potential impacts under revenue-decline scenarios for portfolios likely to be affected
FY3/25 FY3/26 FY3/27
forecast
Forward-looking provision balance
JPY 100bn
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Exposure to Private Credit, AI, and the Middle East
SMBC Group's Exposure*1
Private Credit
JPY 1.2tn
JPY 177tn
≤ 1%
BDC*2 JPY 1.2tn
(o/w on balance: 0.5tn)
Financing secured by BDC-held assets, mainly loans to unlisted mid-sized and small businesses
No NPLs
Investment Grade: > 80%
LTV: c. 20%*3
Senior / Secured: 100%
2%
2%
Middle East
JPY 3.5tn
AI
JPY 4.0tn
Qatar JPY 1.3tn Saudi Arabia JPY 1.1tn UAE JPY 0.6tn
Data Centers JPY 2.6tn
< 1% of total exposure
80% of off-takers
are hyperscalers
1% of total exposure
Investment grade: > 80%
Financials and Sovereign:70%
Software JPY 1.3tn
*1 SMBC consolidated, calculated based on location for headquarter, managerial accounting basis
*2 Companies providing financial and managerial support to portfolio companies (Business Development Company)
*3 Borrowings ranking pari passu with or senior to SMBC / current fund asset value
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Securities
▶ Breakdown of Other Securities (Consolidated) ▶ Yen-Denominated Bonds (SMBC)
(JPY bn)
(JPY bn)
B/S amount
Unrealized gains
(losses)
Mar.26 vs Mar.25 Mar.26 vs Mar.25
Held-to-maturity | 4,655.3 | +4,380.9 | (178.6) | (172.5) | |
Available for sale | 34,802.3 | (4,974.5) | 3,220.2 | +414.2 | |
Stocks (domestic) | 3,503.3 | +458.1 | 2,497.2 | +536.3 | |
Bonds (domstic) | 7,556.7 | (6,336.8) | (271.2) | (126.4) | |
o/w JGBs | 5,476.4 | (5,704.1) | (120.4) | (68.0) | |
Others | 23,742.3 | +904.2 | 994.3*1 | +4.3 | |
o/w Foreign bonds | 18,534.8 | +1,110.0 | (300.4) | +148.7 | |
1 year or less ■ 1 to 5 years ■ 5 to 10 years ■ More than 10 years
▶ Foreign Bonds (SMBC)
Risk volume is controlled by hedging and others
(JPY bn)
*1 The main difference between foreign bonds and others is unrealized gain on foreign stocks
*2 Managerial accounting basis (excl. bonds classified as held-to-maturity, bonds for which hedge-accounting is applied, and private placement bonds) *3 Excl. Held-to-maturity
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Reduction of Equity Holdings
Reduction progress reached 52%, ahead of the 40% standard pace.
Accelerate reductions through persistent client negotiations toward early plan achievement.
(JPY tn)
6.09
3.82
Book value of domestic listed stock*1 Market value of domestic listed stock*1Market value of equity holdings*2 / consolidated net assets
3.12
Reduction
Total reduction | JPY 309bn | |
FY3/25 | JPY 185bn | |
FY3/26 | JPY 124bn | |
Consent of sales JPY 69bn
1.01
32.9%
2.76
0.83
27.3%
0.70
27.5%
Reduce ahead of schedule
Reduction plan (FY3/25-FY3/29)
JPY (600)bn
Target: <20%
Apr.01 Mar.24 Mar.25 Mar.26 Mar.29
*1 Excl. investments after Mar.20 for the business alliance purpose *2 Incl. balance of deemed held shares
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Sumitomo Mitsui Financial Group Inc. published this content on May 18, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 18, 2026 at 01:12 UTC.

















