Sumitomo Mitsui Financial Group (8316) Q2 2025 earnings summary

Executive summary

• Ordinary income rose 17.7% year-over-year to ¥5,276,938 million for the six months ended September 30, 2024.

• Ordinary profit increased 45.3% year-over-year to ¥1,030,472 million.

• Profit attributable to owners of parent grew 37.7% year-over-year to ¥725,172 million.

• Comprehensive income declined 70.3% year-over-year to ¥373,994 million, reflecting significant changes in other comprehensive income.

Financial highlights

• Earnings per share (EPS) was ¥184.77, up from ¥131.47 year-over-year, adjusted for a three-for-one stock split.

• Net assets as of September 30, 2024, were ¥14,892,743 million, with a net assets ratio of 5.1%.

• Total assets stood at ¥290,022,585 million, down from ¥295,236,701 million as of March 31, 2024.

• Interim dividend per share was ¥60.00 after the stock split, with a revised annual forecast of ¥180.00 per share.

Outlook and guidance

• Full-year profit attributable to owners of parent is forecast at ¥1,160,000 million, a 20.5% increase year-over-year.

• Forecasted EPS for the fiscal year ending March 31, 2025, is ¥299.94, reflecting the stock split and share repurchase.

• Dividend forecast was revised upward in May 2024.