Quarterly ResultMay 13, 2026, 06:12 AM
Sumitomo Mitsui FY2026 Profit Attributable to Owners +34.4% to ¥1.58T
AI Summary
Sumitomo Mitsui Financial Group reported a significant increase in profit attributable to owners of parent for the fiscal year ended March 31, 2026, rising 34.4% to ¥1,583.0 billion. This growth was driven by increased net business profit from domestic net interest income and fee income. The company also announced a two-for-one stock split effective September 30, 2026, and a share repurchase, alongside forecasting a 7.4% increase in profit attributable to owners of parent to ¥1,700.0 billion for the fiscal year ending March 31, 2027.
Key Highlights
- Profit attributable to owners of parent increased 34.4% to ¥1,583.0 billion for FY2026.
- Ordinary profit rose 34.0% to ¥2,303.4 billion, driven by a ¥611.6 billion increase in net business profit.
- Total assets grew by ¥22,229.1 billion to ¥328,511.1 billion as of March 31, 2026.
- Loans and bills discounted increased by ¥6,493.0 billion to ¥117,629.2 billion.
- Deposits increased by ¥14,175.6 billion to ¥185,674.2 billion.
- Board resolved a two-for-one stock split effective September 30, 2026, and a share repurchase.
- Forecasted profit attributable to owners of parent for FY2027 is ¥1,700.0 billion (+7.4%).
- Annual cash dividend for FY2026 is ¥157 per share, with a forecast of ¥135 for FY2027 (after split).