Sumitomo Mitsui Financial Group (8316) Q3 2026 earnings summary

Executive summary

• Gross profit and ordinary income rose year-over-year, driven by higher income on domestic loans and deposits, increased fee income, and strong performance in wealth management, payments, and consumer finance.

• Net business profit increased 342.0 billion JPY year-over-year, reaching 1,801.8 billion JPY, with 88% progress toward the full-year forecast.

• Net income grew by 258.8 billion JPY year-over-year to 1,394.8 billion JPY, achieving 93% of the annual target.

• Comprehensive income surged 75.8% year-over-year to 1,923.7 billion JPY.

Financial highlights

• Gross profit: 3,593.0 billion JPY (+430.7 billion JPY YoY).

• G&A expenses: 1,899.2 billion JPY (+126.3 billion JPY YoY), with overhead ratio improving to 52.9% (-3.2pp YoY).

• Ordinary profit: 1,899.1 billion JPY (+280.0 billion JPY YoY).

• Total assets increased by 10.4 trillion JPY to 316.7 trillion JPY; total net assets rose by 0.9 trillion JPY to 15.8 trillion JPY.

• Earnings per share (diluted) for the period was 362.12 JPY, reflecting a three-for-one stock split on October 1, 2024.

Outlook and guidance

• Full-year net income forecast is 1,500 billion JPY, with forecasted EPS at 390.16 JPY.

• Additional upside expected from rising JPY interest rates, with a 130 billion JPY YoY benefit in FY3/26 and further gains for each 25bp rate hike.

• Overseas credit costs expected to rise in 2H due to one-off items, but full-year costs are targeted to remain controlled.

• Dividend forecast for the year remains unchanged at 157.00 JPY per share.