SMFG Files 6-K for May 2024
Ticker: SMFNF · Form: 6-K · Filed: May 15, 2024 · CIK: 1022837
| Field | Detail |
|---|---|
| Company | Sumitomo Mitsui Financial Group, Inc. (SMFNF) |
| Form Type | 6-K |
| Filed Date | May 15, 2024 |
| Risk Level | low |
| Pages | 13 |
| Reading Time | 16 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, compliance, registration
TL;DR
SMFG filed a 6-K, just a routine update for their F-3 registration. Nothing new to see here.
AI Summary
Sumitomo Mitsui Financial Group, Inc. filed a Form 6-K on May 15, 2024, to be incorporated by reference into its F-3 registration statement (File No. 333-276219). This filing is for the month of May 2024 and indicates the company files annual reports under Form 20-F.
Why It Matters
This filing ensures ongoing compliance and transparency for investors by incorporating information into an existing registration statement.
Risk Assessment
Risk Level: low — This is a routine filing and does not appear to contain new material information or significant changes.
Key Players & Entities
- SUMITOMO MITSUI FINANCIAL GROUP, INC. (company) — Filer
- 001-34919 (company) — SEC File Number
- 333-276219 (company) — Registration Statement File Number
- May 2024 (date) — Reporting Period
- 20240515 (date) — Filing Date
FAQ
What is the purpose of this Form 6-K filing?
The Form 6-K is filed for the month of May 2024 and is deemed to be incorporated by reference into Sumitomo Mitsui Financial Group, Inc.'s prospectus forming a part of its registration statement on Form F-3 (File No. 333-276219).
Which form does Sumitomo Mitsui Financial Group, Inc. use for its annual reports?
Sumitomo Mitsui Financial Group, Inc. files its annual reports under cover of Form 20-F.
What is the filing date of this Form 6-K?
This Form 6-K was filed on May 15, 2024.
What is the SEC file number for Sumitomo Mitsui Financial Group, Inc.?
The SEC file number for Sumitomo Mitsui Financial Group, Inc. is 001-34919.
Where is Sumitomo Mitsui Financial Group, Inc. headquartered?
The company's principal executive offices are located at 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan.
Filing Stats: 4,047 words · 16 min read · ~13 pages · Grade level 12.3 · Accepted 2024-05-15 08:13:58
Filing Documents
- d801495d6k.htm (6-K) — 516KB
- g801495g01g01.jpg (GRAPHIC) — 7KB
- g801495g18n06.jpg (GRAPHIC) — 4KB
- 0001193125-24-138917.txt ( ) — 533KB
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:Executive Officer & General Manager, Financial Accounting Dept. Date:May 15, 2024 Table of Contents Sumitomo Mitsui Financial Group, Inc. May 15, 2024 Sumitomo Mitsui Financial Group, Inc. Consolidated financial results for the fiscal year ended March 31, 2024 <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 Date of ordinary general meeting of shareholders: June 27, 2024Date of payment of year-end dividends: June 28, 2024 Annual securities report ( Yukashoken hokokusho ) issuing date: June 21, 2024 Investors meeting presentation for financial results: Scheduled Note: Amounts less than one million yen have been rounded down. 1. Consolidated financial results (for the fiscal year ended March 31, 2024) (1) Operating results (Millions of yen, except per share data and percentages) Ordinary income Ordinary profit Profit attributable to Fiscal year ended March 31, 2024 ¥ 9,353,590 52.3 % ¥ 1,466,128 26.3 % ¥ 962,946 19.5 % Fiscal year ended March 31, 2023 6,142,155 49.4 1,160,930 11.6 805,842 14.0 Notes: 1. Comprehensive income: (a) for the fiscal year ended March 31, 2024: ¥2,629,723 million [154.9%] (b) for the fiscal year ended March 31, 2023: ¥1,031,712 million [83.6%] 2. Percentages shown in ordinary income, ordinary profit, profit attributable to owners of parent and comprehensive income are the increase (decrease) from the previous fiscal year. Earnings per share Ear
Notes to consolidated financial statements
Notes to consolidated financial statements 13 Note on going concern 13 Segment information 13 Per share data 14 Significant subsequent events 15 * Appendix: Financial results for the fiscal year ended March 31, 2024 supplementary information -1- Table of Contents Sumitomo Mitsui Financial Group, Inc. I. Operating and financial review 1. Consolidated operating results for the fiscal year ended March 31, 2024 (fiscal 2023) (1) Operating results In fiscal 2023, net business profit increased by ¥283.8 billion year-on-year to ¥1,560.2 billion. The primary reasons were the recovery of the business result at SMBC Nikko Securities Inc., the strong performance of Sumitomo Mitsui Card Company, Limited. and increases in interest income from domestic and overseas loans. Total credit cost increased by ¥63.9 billion year-on-year to ¥274.0 billion, mainly due to expanding the businesses of retail subsidiaries, recording reserve for domestic and overseas large borrowers, and recording forward-looking provisions corresponding to future business environment changes. As a result, ordinary profit increased by ¥305.2 billion year-on-year to ¥1,466.1 billion, and profit attributable to owners of parent increased by ¥157.1 billion year-on-year to ¥962.9 billion. Consolidated (Billions of yen) Fiscal year ended March 31, 2024 Change from the fiscal year ended March 31, 2023 Net business profit ¥1,560.2 ¥283.8 Gross profit 3,738.8 568.6 General and administrative expenses (2.250.6) (301.3) Equity in gains of affiliates 72.0 16.5 Total credit cost (274.0) (63.9) Ordinary profit 1,466.1 305.2 Profit attributable to owners of parent 962.9 157.1 SMBC non-consolidated Banking profit * ¥901.3 ¥85.4 Gross banking profit 1,885.2 185.7 Expenses (excluding non-recurring losses) (983.9) (100.3) Total credit cost (96.3) 19.2 Ordinary profit 1,040.5