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Notice Regarding Submission of Interim Report on Form 6-K to the U.S. Securities and Exchange Commission(1/1)


 

Sumitomo Mitsui Financial Group, Inc.

 

 

Notice Regarding Submission of Interim Report on Form 6-K to the U.S. Securities and Exchange Commission

 

 

TOKYO, January 27, 2015 --- Sumitomo Mitsui Financial Group, Inc. (gSMFGh, President: Koichi Miyata) hereby announces that, on January 26, 2015 (Eastern Standard Time), SMFG submitted an interim report on Form 6-K to the U.S. Securities and Exchange Commission (gSECh).

 

A copy of the interim report on Form 6-K can be viewed and obtained at SMFGfs website at http://www.smfg.co.jp/english/investor/financial/annual.html or on EDGAR, the SECfs Electronic Data Gathering, Analysis, and Retrieval system.

 

 

Attachment:

(Reference) Consolidated Financial Statements (IFRS) (Unaudited)

ƒeƒLƒXƒg ƒ{ƒbƒNƒX: This document contains a summary of SMFGfs consolidated interim financial information under International Financial Reporting Standards (gIFRSh) as issued by the International Accounting Standards Board that was disclosed in its interim report on Form 6-K submitted to the U.S. Securities and Exchange Commission on January 26, 2015. This document does not contain all of the information in the interim report on Form 6-K that may be important to you. You should read the entire interim report on Form 6-K carefully to obtain a comprehensive understanding of SMFGfs business and financial data under IFRS and related issues.
This document contains gforward-looking statementsh (as defined in the U.S. Private Securities Litigation Reform Act of 1995), regarding the intent, belief or current expectations of SMFG and its management with respect to SMFGfs future financial condition and results of operations. In many cases but not all, these statements contain words such as ganticipate,h gbelieve,h gestimate,h gexpect,h gintend,h gmay,h gplan,h gprobability,h grisk,h gproject,h gshould,h gseek,h gtarget,h gwillh and similar expressions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those expressed in or implied by such forward-looking statements contained or deemed to be contained herein. The risks and uncertainties which may affect future performance include: deterioration of Japanese and global economic conditions and financial markets; declines in the value of SMFGfs securities portfolio; SMFGfs ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; exposure to new risks as SMFG expands the scope of its business; and incurrence of significant credit-related costs. Given these and other risks and uncertainties, you should not place undue reliance on forward-looking statements, which speak only as of the date of this document. SMFG undertakes no obligation to update or revise any forward-looking statements. Please refer to SMFGfs most recent disclosure documents such as its annual report on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as its earnings press releases, for a more detailed description of the risks and uncertainties that may affect its financial conditions, its operating results, and investorsf decisions.

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 (Reference) Consolidated Financial Statements (IFRS) (Unaudited)

 

Consolidated Statement of Financial Position (Unaudited)

(In millions)

 

At March 31,

2014

At September 30,

2014

Assets:

 

 

Cash and deposits with banks

\   33,208,724

\   36,681,124

Call loans and bills bought

1,248,235

1,194,366

Reverse repurchase agreements and cash collateral on securities borrowed

4,303,121

6,238,412

Trading assets

3,557,545

4,125,359

Derivative financial instruments

4,891,382

5,602,504

Financial assets at fair value through profit or loss

1,840,255

1,810,807

Investment securities

22,052,998

21,135,902

Loans and advances

81,244,982

83,904,901

Investments in associates and joint ventures

383,590

403,514

Property, plant and equipment

2,078,927

2,268,219

Intangible assets

955,746

962,989

Other assets

2,655,512

3,573,541

Current tax assets

62,783

82,659

Deferred tax assets

147,241

134,817

Total assets

\  158,631,041

\  168,119,114

Liabilities:

 

 

Deposits

\  108,370,494

\  110,207,327

Call money and bills sold

4,112,429

4,401,121

Repurchase agreements and cash collateral on securities lent

7,041,075

9,317,913

Trading liabilities  

1,865,243

2,111,598

Derivative financial instruments

4,980,991

5,818,182

Borrowings

8,463,363

10,017,198

Debt securities in issue

8,769,094

9,610,820

Provisions

225,473

177,814

Other liabilities

5,143,853

5,949,754

Current tax liabilities

94,585

103,055

Deferred tax liabilities

149,251

322,042

Total liabilities

149,215,851

158,036,824

Equity:

 

 

Capital stock

2,337,896

2,337,896

Capital surplus

862,518

862,750

Retained earnings

3,112,571

3,413,163

Other reserves

1,546,826

1,906,379

Treasury stock

(175,115)

(175,180)

Equity attributable to shareholders of Sumitomo Mitsui Financial Group, Inc.

 

7,684,696

 

8,345,008

Non-controlling interests

1,730,494

1,737,282

Total equity

9,415,190

10,082,290

Total equity and liabilities

\  158,631,041

\  168,119,114


Consolidated Income Statement (Unaudited)

(In millions, except per share data)

 

For the six months ended

September 30,

 

2013

2014

Interest income

\      859,322

\      875,491

Interest expense

158,321

174,811

Net interest income

701,001

700,680

 

 

 

Fee and commission income

516,044

476,927

Fee and commission expense

72,840

69,057

Net fee and commission income

443,204

407,870

 

 

 

Net trading income

81,706

75,980

Net income from financial assets at fair value
through profit or loss

 

35,369

 

15,502

Net investment income

225,083

201,635

Other income

167,046

157,613

Total operating income

1,653,409

1,559,280

 

 

 

Impairment charges (reversals) on financial assets

(1,194)

20,933

Net operating income

1,654,603

1,538,347

 

 

 

General and administrative expenses

764,604

790,640

Other expenses

136,468

134,142

Operating expenses

901,072

924,782

 

 

 

Share of post-tax profit of associates and joint ventures

11,334

12,084

Profit before tax

764,865

625,649

 

 

 

Income tax expense     

238,187

178,783

Net profit

\      526,678

\      446,866

 

 

 

Profit attributable to:

 

 

Shareholders of Sumitomo Mitsui Financial Group, Inc.

\      459,009

\      390,728

Non-controlling interests

67,669

56,138

 

 

 

Earnings per share:

 

 

Basic

\       336.25

\       285.77

Diluted

336.09

285.61


Consolidated Statement of Comprehensive Income (Unaudited)

(In millions)

 

For the six months ended

September 30,

 

2013

2014

Net profit

\      526,678

\      446,866

 

 

 

Other comprehensive income:

 

 

 

Items that will not be reclassified to profit or loss:

 

 

Remeasurements of defined benefit plans:

 

 

Gains (losses) arising during the period, before tax    

78,681

90,830

 

 

 

Share of other comprehensive income (loss) of associates
and joint ventures

 

-

 

65

 

 

 

Income tax relating to items that will not be reclassified

(28,044)

(32,260)

Total items that will not be reclassified to profit or loss, net of tax

50,637

58,635

 

 

 

Items that may be reclassified subsequently to profit or loss:

 

 

Available-for-sale financial assets:

 

 

Gains (losses) arising during the period, before tax

513,454

540,465

Reclassification adjustments for (gains) losses included
in net profit, before tax

 

(169,105)

 

(141,810)

 

 

 

Exchange differences on translating foreign operations:

 

 

Gains (losses) arising during the period, before tax

118,233

76,973

 

 

 

Share of other comprehensive income (loss) of associates
and joint ventures

 

(14,514)

 

(2,210)

 

 

 

Income tax relating to items that may be reclassified

(125,957)

(147,687)

Total items that may be reclassified subsequently
to profit or loss, net of tax

 

322,111

 

325,731

 

 

 

Other comprehensive income, net of tax

372,748

384,366

Total comprehensive income

\      899,426

\      831,232

 

 

 

Total comprehensive income attributable to:

 

 

Shareholders of Sumitomo Mitsui Financial Group, Inc.

\      801,023

\      750,281

Non-controlling interests

98,403

80,951

 

 

Note: Comparative information in the Consolidated Statement of Financial Position, Consolidated Income Statement and Consolidated Statement of Comprehensive Income presented above has been restated to reflect the adoption of IFRIC Interpretation 21 gLevies.h For a more detailed explanation, please refer to gNote 2 Summary of Significant Accounting Policies|Significant Accounting Policiesh in the interim report on Form 6-K submitted on January 26, 2015 (Eastern Standard Time).





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