Sumitomo Mitsui Financial Group (8316) Q1 2027 earnings summary

Executive summary

• Consolidated net business profit and net income both increased by over JPY 100bn year-over-year, with a progress rate of about 30% toward full-year targets.

• Ordinary income rose 16.6% year-over-year to ¥2,850.4 billion for the quarter ended June 30, 2026.

• Ordinary profit increased 43.4% year-over-year to ¥693.1 billion, and profit attributable to owners of parent grew 33.0% to ¥501.4 billion.

• Comprehensive income surged 140.8% year-over-year to ¥731.0 billion.

• No material impact from anticipated Middle East-related risks during the quarter.

Financial highlights

• Gross profit rose to JPY 1,403.4bn (+JPY 315.7bn YoY), mainly from higher net interest income and fee income in domestic markets.

• Net business profit reached JPY 722.3bn (+JPY 178.0bn YoY), with net income at JPY 501.4bn (+JPY 124.5bn YoY).

• Ordinary profit increased to JPY 693.1bn (+JPY 209.8bn YoY).

• Earnings per share (EPS) for the quarter was ¥131.62, up from ¥97.46 a year earlier.

• Total assets stood at ¥327.5 trillion as of June 30, 2026, with net assets at ¥16.2 trillion.

Outlook and guidance

• Progress rate for both net business profit and net income is approximately 30% of full-year targets.

• Full-year profit attributable to owners of parent is forecast at ¥1,700.0 billion, a 7.4% increase year-over-year.

• FY3/27 targets: net business profit JPY 2,400bn, net income JPY 1,700bn.

• Forecasted EPS for the fiscal year ending March 31, 2027 is ¥223.58, reflecting the impact of a planned stock split and share repurchase.

• Dividend forecast remains unchanged at ¥180 per share before the stock split (¥90 after split).