Quarterly ResultMay 13, 2026, 06:12 AM
Sumitomo Mitsui FY26 Ordinary Profit +34% to 2,303B Yen
AI Summary
Sumitomo Mitsui Financial Group announced a significant difference in its consolidated financial results for the fiscal year ended March 31, 2026, compared to the previous fiscal year and prior forecasts. Ordinary profit surged by 34.0% to 2,303,350 million yen. This increase was primarily driven by higher net interest income, increased fee income in domestic wholesale business, and strong performance in wealth management, payment, and consumer finance sectors.
Key Highlights
- FY2026 Ordinary Profit increased by 34.0% to 2,303,350 million yen.
- FY2026 Ordinary Income rose by 6.1% to 10,790,853 million yen.
- Profit attributable to owners of parent increased by 5.5% to 1,582,973 million yen.
- Earnings per share grew by 5.5% to 411.97 yen.
- Increase attributed to higher net interest income in the domestic market.
- Higher fee income in domestic wholesale business contributed to the profit growth.
- Solid performance in wealth management, payment, and consumer finance businesses.