SMFG Files 6-K: Q3 2023 Financial Results Under Japanese GAAP
Ticker: SMFNF · Form: 6-K · Filed: Feb 1, 2024 · CIK: 1022837
| Field | Detail |
|---|---|
| Company | Sumitomo Mitsui Financial Group, Inc. (SMFNF) |
| Form Type | 6-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 12 |
| Reading Time | 15 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, 6-K, japanese-gaap, quarterly-report
TL;DR
**SMFG just dropped its Q3 2023 financial results, giving us a peek at their performance.**
AI Summary
Sumitomo Mitsui Financial Group, Inc. (SMFG) filed a 6-K on February 1, 2024, to report its consolidated financial results for the nine months ended December 31, 2023, under Japanese GAAP. This filing also indicates that the report will be incorporated by reference into SMFG's Form F-3 registration statement (File No. 333-276219). This matters to investors because it provides an update on the company's financial performance, which can influence stock valuation and future investment decisions.
Why It Matters
This filing provides investors with the latest financial performance data for Sumitomo Mitsui Financial Group, Inc., offering transparency and crucial information for evaluating the company's health and future prospects.
Risk Assessment
Risk Level: low — This 6-K filing is a routine financial disclosure and does not inherently introduce new risks, but rather provides information to assess existing ones.
Analyst Insight
A smart investor would review the detailed financial results for the nine months ended December 31, 2023, which are attached to this 6-K (though not provided in the excerpt), to understand Sumitomo Mitsui Financial Group's performance trends and compare them against previous periods and analyst expectations.
Key Players & Entities
- SUMITOMO MITSUI FINANCIAL GROUP, INC. (company) — the registrant filing the 6-K
- Jun Okahashi (person) — General Manager, Financial Accounting Dept., who signed the report
- February 1, 2024 (date) — the filing date and report date
- December 31, 2023 (date) — the end date of the nine-month period for the financial results
- 001-34919 (other) — Commission File Number for SMFG
- 333-276219 (other) — File Number for SMFG's Form F-3 registration statement
FAQ
What specific financial period do the reported results cover?
The reported results cover the nine months ended December 31, 2023, as stated in the filing: "Consolidated Financial Results for the nine months ended December 31, 2023."
Under which accounting standards were these financial results prepared?
These financial results were prepared "<Under Japanese GAAP>" as explicitly mentioned in the filing.
Who signed this 6-K report on behalf of Sumitomo Mitsui Financial Group, Inc.?
The report was signed by Jun Okahashi, who holds the title of General Manager, Financial Accounting Dept., on February 1, 2024.
Into which other SEC filing will this 6-K report be incorporated by reference?
This report will be incorporated by reference into Sumitomo Mitsui Financial Group, Inc.'s Registration Statement on Form F-3 (File No. 333-276219).
What is the registrant's Commission File Number?
The registrant's Commission File Number is 001-34919, as stated in the filing.
Filing Stats: 3,733 words · 15 min read · ~12 pages · Grade level 7.2 · Accepted 2024-02-01 06:04:56
Filing Documents
- d738609d6k.htm (6-K) — 428KB
- g738609g02c22.jpg (GRAPHIC) — 6KB
- g738609g18n06.jpg (GRAPHIC) — 4KB
- 0001193125-24-021340.txt ( ) — 445KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Sumitomo Mitsui Financial Group, Inc. By: /s/ Jun Okahashi Name: Jun Okahashi Title: General Manager, Financial Accounting Dept. Date:February 1, 2024 February 1, 2024 Sumitomo Mitsui Financial Group, Inc. Consolidated Financial Results for the nine months ended December 31, 2023 <Under Japanese GAAP> Head Office: 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan Stock Exchange Listings: Tokyo Stock Exchange, Nagoya Stock Exchange, New York Stock Exchange URL: https://www.smfg.co.jp/english/ President: Toru Nakashima Quarterly Securities Report ( Shihanki hokokusho ) issuing date: February 14, 2024 Investors meeting presentation for quarterly financial results: Scheduled Note: Amounts less than one million yen have been rounded down. 1. Consolidated financial results (for the nine months ended December 31, 2023) (1) Operating results (Millions of yen, except per share data and percentages) Ordinary income Ordinary profit Profit attributable to Nine months ended December 31, 2023 ¥6,691,218 52.8 % ¥1,196,679 15.9% ¥792,837 3.5% Nine months ended December 31, 2022 4,380,252 46.2 1,032,609 19.1 766,021 22.6 Notes: 1. Comprehensive income: (a) for the nine months ended December 31, 2023: ¥ 1,594,978 million [152.6%] (b) for the nine months ended December 31, 2022: ¥ 631,527 million [(8.2)%] 2. Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the same period in the previous fiscal year. Earnings per share Earnings per share (Diluted) Nine months ended December 31, 2023 ¥594.72 ¥594.55 Nine months ended December 31, 2022 559.36 55