Sumitomo Mitsui Financial Group Files 6-K
Ticker: SMFNF · Form: 6-K · Filed: Aug 2, 2024 · CIK: 1022837
| Field | Detail |
|---|---|
| Company | Sumitomo Mitsui Financial Group, Inc. (SMFNF) |
| Form Type | 6-K |
| Filed Date | Aug 2, 2024 |
| Risk Level | low |
| Pages | 14 |
| Reading Time | 16 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing, registration-statement
TL;DR
SMFG filed a 6-K, incorporating it into their F-3. Standard reporting.
AI Summary
Sumitomo Mitsui Financial Group, Inc. filed a Form 6-K on August 2, 2024, to be incorporated by reference into its F-3 registration statement (File No. 333-276219). This filing is for the month of August 2024 and indicates the company files annual reports under Form 20-F.
Why It Matters
This filing updates the company's registration statement, which is crucial for ongoing capital raising activities and investor transparency.
Risk Assessment
Risk Level: low — This is a routine periodic filing and does not contain new material financial information or significant corporate events.
Key Players & Entities
- SUMITOMO MITSUI FINANCIAL GROUP, INC. (company) — Filer
- 0001193125-24-192003 (filing_id) — Accession Number
- 20240802 (date) — Filing Date
- 333-276219 (registration_statement_id) — Form F-3 File Number
FAQ
What is the purpose of this Form 6-K filing?
The Form 6-K is filed for the month of August 2024 and is deemed to be incorporated by reference into Sumitomo Mitsui Financial Group, Inc.'s registration statement on Form F-3 (File No. 333-276219).
Which form does Sumitomo Mitsui Financial Group use for its annual reports?
The company indicates it files annual reports under cover of Form 20-F.
What is the principal executive office address of Sumitomo Mitsui Financial Group, Inc.?
The principal executive offices are located at 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan.
When was Sumitomo Mitsui Financial Group, Inc. previously known as Sumitomo Bank Ltd Tokyo?
The date of name change from Sumitomo Bank Ltd Tokyo was September 13, 1996.
What is the SEC file number for Sumitomo Mitsui Financial Group, Inc.?
The SEC file number is 001-34919.
Filing Stats: 4,083 words · 16 min read · ~14 pages · Grade level 11.4 · Accepted 2024-08-02 06:05:56
Filing Documents
- d840312d6k.htm (6-K) — 467KB
- g840312g02c22.jpg (GRAPHIC) — 6KB
- g840312g18n06.jpg (GRAPHIC) — 4KB
- 0001193125-24-192003.txt ( ) — 484KB
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:August 2, 2024 Table of Contents August 2, 2024 Sumitomo Mitsui Financial Group, Inc. Consolidated Financial Results for the three months ended June 30, 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 Investors meeting presentation for financial results: Not scheduled Note:Amounts less than one million yen have been rounded down. 1. Consolidated financial results (for the three months ended June 30, 2024) (1) Operating results (Millions of yen, except per share data and percentages) Ordinary income Ordinary profit Profit attributable to Three months ended June 30, 2024 ¥2,522,567 11.0 % ¥ 520,888 49.2 % ¥ 371,355 49.7 % Three months ended June 30, 2023 2,273,292 70.7 349,137 (0.2 ) 248,016 (1.8 ) Notes: 1. Comprehensive income: (a) for the three months ended June 30, 2024: ¥ 528,541 million [(39.1)%] (b) for the three months ended June 30, 2023: ¥868,208 million [121.7%] 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) Three months ended June 30, 2024 ¥283.09 ¥283.02 Three months ended June 30, 2023 185.69 185.64 (2) Financial position (Millions of yen, except percentages) To
financial statements
financial statements (Changes in accounting policies) Application of Accounting Standard for Current Income Taxes, etc. The Company applied the Accounting Standard for Current Income Taxes (ASBJ Statement No.27, October 28, 2022), the Accounting Standard for Presentation of Comprehensive Income (ASBJ Statement No.25, October 28, 2022) and the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No.28, October 28, 2022) from the beginning of the three months ended June 30, 2024. As for the revision of accounting classification of current income taxes (imposed on Other comprehensive income) in accordance with the transitional treatment stipulated in the proviso of Paragraph 20-3 of the Accounting Standard for Current Income Taxes and Paragraph 65-2, Item 2 of the Implementation Guidance on Tax Effect Accounting, the cumulative effects by the retroactive application of the new accounting policies prior to the beginning of the three months ended June 30, 2024, were adjusted to Retained earnings at the beginning of the three months ended June 30, 2024. Furthermore, the corresponding amounts were appropriately allocated among Capital surplus, Valuation and translation adjustments and Total accumulated other comprehensive income, and new accounting standards were applied from the beginning balance of the three months ended June 30, 2024. As a result, Retained earnings increased by ¥59,330 million and Net unrealized gains on other securities decreased by ¥59,330 million at the beginning of the three months ended June 30, 2024. As for the revision to review the treatment of gains or losses on sales arising from the sale of subsidiaries stocks and others between consolidated companies in the consolidated financial statements, in cases where the gains or losses on sales is deferred for tax purposes, the Company applied the Implementation Guidance on Tax Effect Accounting from the beginning of the three months ended June 30, 2024. There were no sign
Business
Business Unit Retail
Business
Business Unit Global
Business
Business Unit Global Markets
Business
Business Unit Head office account and others Total Consolidated gross profit ¥ 172,900 ¥ 304,600 ¥ 331,300 ¥ 149,400 ¥ (82,811 ) ¥ 875,389 General and administrative expenses (76,300 ) (261,600 ) (187,600 ) (38,800 ) 29,208 (535,092 ) Others 25,100 800 12,800 7,400 (29,230 ) 16,870 Consolidated net business profit ¥ 121,700 ¥ 43,800 ¥ 156,500 ¥ 118,000 ¥ (82,833 ) ¥ 357,167 Notes: 1. Figures shown in the parentheses represent the loss. 2. Others includes equity in profit and loss of affiliates and cooperated profit and loss based on internal managerial accounting. 3. Head office account and others includes profit or loss to be eliminated as inter-segment transactions. Millions of yen Three months ended June 30, 2024 Wholesale
Business
Business Unit Retail
Business
Business Unit Global
Business
Business Unit Global Markets
Business
Business Unit Head office account and others Total Consolidated gross profit ¥ 204,100 ¥ 339,000 ¥ 353,200 ¥ 168,600 ¥ (35,059 ) ¥ 1,029,841 General and administrative expenses (82,400 ) (281,100 ) (234,500 ) (49,900 ) 55,493 (592,407 ) Others 29,700 400 25,600 7,800 (32,105 ) 31,395 Consolidated net business profit ¥ 151,400 ¥ 58,300 ¥ 144,300 ¥ 126,500 ¥ (11,671 ) ¥ 468,829 Notes: 1. Figures shown in the parentheses represent the loss. 2. Others includes equity in profit and loss of affiliates and cooperated profit and loss based on internal managerial accounting. 3. Head office account and others includes profit or loss to be eliminated as inter-segment transactions. 2. Difference between total amount of consolidated net business profit by reportable segment and ordinary profit on quarterly consolidated statements of income (adjustment of difference) Three months ended June 30, 2023 Millions of yen Consolidated net business profit ¥ 357,167 Other ordinary income (excluding equity in gains of affiliates) 65,415 Other ordinary expenses (73,445 ) Ordinary profit on quarterly consolidated statements of income ¥ 349,137 Note: Figures shown in the parentheses represent the loss. Three months ended June 30, 2024 Millions of yen Consolidated net business profit ¥ 468,829 Other ordinary income (excluding equity in gains of affiliates) 105,279 Other ordinary expenses (53,220 ) Ordinary profit on quarterly consolidated statements of income ¥ 520,888 Note: Figures shown in the parentheses represent the loss. (Material changes in stockholders equity) Not applicable. (Note on going concern) Not applicable. -6- Table of Contents Sumitomo Mitsui Financial Group, Inc. (Notes to quarterly consolidated Quarterly consolidated statements of cash flows were