TOKYO, May 15 (Reuters) - Sumitomo Mitsui Financial Group (SMFG) reported a jump in fourth-quarter profit on Wednesday, beating expectations as it saw robust business overseas and solid demand at home, and it forecast higher profit in the current financial year.

For the January-March fourth quarter, Japan's second-largest bank reported a group net profit of 170 billion yen ($1.09 billion), compared with 39.8 billion yen in the same period a year earlier.

The results also compared to expectations for a 150.3 billion yen quarterly profit, based on the average full-year forecast by 12 analysts polled by LSEG.

For the current financial year, SMFG forecast a profit of 1.06 trillion yen. That compared to the full-year profit of 962.95 billion in the year that just ended.

SMFG is the first of Japan's three megabanks to report quarterly results on Wednesday. ($1 = 156.3000 yen) (Reporting by Anton Bridge; Editing by David Dolan)