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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 24, 2014 --- Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President: Koichi Miyata) hereby announces that, on January 23, 2014 (Eastern Standard Time), SMFG submitted an interim report on Form 6-K to the U.S. Securities and Exchange Commission (“SEC”).

 

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

 

 

Attachment:

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

　　　　　　

 

テキスト ボックス: This document contains a summary of SMFG’s consolidated interim financial information under International Financial Reporting Standards (“IFRS”) 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 23, 2014. 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 SMFG’s business and financial data under IFRS and related issues. This document contains “forward-looking statements” (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 SMFG’s future financial condition and results of operations. In many cases but not all, these statements contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “risk,” “project,” “should,” “seek,” “target,” “will” 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 SMFG’s securities portfolio; SMFG’s 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 SMFG’s most recent disclosure documents such as its annual report or registration statement 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 investors’ decisions.
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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

 

Consolidated Statement of Financial Position (Unaudited)

(In millions)

 

At March 31,

2013

At September 30,

2013

Assets:

 

 

Cash and deposits with banks

\     11,804,786

25,209,503

Call loans and bills bought

1,353,866

1,017,758

Reverse repurchase agreements and cash collateral on securities borrowed

3,927,126

4,281,146

Trading assets

3,481,619

3,156,283

Derivative financial instruments

6,851,729

5,502,650

Financial assets at fair value through profit or loss

2,045,046

1,901,701

Investment securities

36,252,599

22,359,849

Loans and advances

75,987,057

77,456,299

Investments in associates and joint ventures

260,495

349,028

Property, plant and equipment

1,757,994

1,884,044

Intangible assets

903,264

904,185

Other assets

2,596,555

2,421,813

Current tax assets

51,449

33,997

Deferred tax assets

481,028

275,598

Total assets

\    147,754,613

146,753,854

Liabilities:

 

 

Deposits

\    101,021,413

102,180,129

Call money and bills sold

2,954,052

2,174,335

Repurchase agreements and cash collateral on securities lent

6,510,627

5,148,613

Trading liabilities

1,910,886

2,079,861

Derivative financial instruments

6,936,356

5,594,505

Borrowings

6,475,543

7,180,440

Debt securities in issue

7,950,020

8,259,197

Provisions

279,131

216,474

Other liabilities

4,839,628

4,486,903

Current tax liabilities

206,977

120,051

Deferred tax liabilities

107,262

129,690

Total liabilities

139,191,895

137,570,198

Equity:

 

 

Capital stock

2,337,896

2,337,896

Capital surplus

862,305

862,280

Retained earnings

2,518,121

2,882,340

Other reserves

971,170

1,313,184

Treasury stock

(227,373)

(174,956)

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

6,462,119

7,220,744

Non-controlling interests

2,100,599

1,962,912

Total equity

8,562,718

9,183,656

Total equity and liabilities

\    147,754,613

146,753,854

 

 

Consolidated Income Statement (Unaudited)

(In millions, except per share data)

 

For the six months ended

September 30,

 

2012

2013

Interest income

\       869,479

859,322

Interest expense

158,831

158,321

Net interest income

710,648

701,001

 

 

 

Fee and commission income

438,867

516,044

Fee and commission expense

67,134

72,840

Net fee and commission income

371,733

443,204

 

 

 

Net trading income

183,006

81,706

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

(863)

35,369

Net investment income

140,573

225,083

Other income

126,008

167,046

Total operating income

1,531,105

1,653,409

 

 

 

Impairment charges (reversals) on financial assets

199,395

(1,194)

Net operating income

1,331,710

1,654,603

 

 

 

General and administrative expenses

709,659

764,589

Other expenses

112,842

136,577

Operating expenses

822,501

901,166

 

 

 

Share of post-tax profit of associates and joint ventures

4,288

11,334

Profit before tax

513,497

764,771

 

 

 

Income tax expense             

166,875

238,156

Net profit

\       346,622

526,615

 

 

 

Profit attributable to:

 

 

Shareholders of Sumitomo Mitsui Financial Group, Inc.

\       289,903

458,981

Non-controlling interests

56,719

67,634

 

 

 

Earnings per share:

 

 

Basic

\        214.12

336.23

Diluted

213.99

336.07

Consolidated Statement of Comprehensive Income (Unaudited)

(In millions)

 

For the six months ended

September 30,

 

2012

2013

Net profit

\       346,622

526,615

 

 

 

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

(46,248)

78,681

 

 

 

Income tax relating to items that will not be reclassified

16,752

(28,044)

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

(29,496)

50,637

 

 

 

Items that may be reclassified subsequently to profit or loss:

 

 

Available-for-sale financial assets:

 

 

Gains (losses) arising during the period, before tax

(234,542)

513,454

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

 

24,805

 

(169,105)

 

 

 

Exchange differences on translating foreign operations:

 

 

Gains (losses) arising during the period, before tax

(49,850)

118,233

Reclassification adjustments for gains included
in net profit, before tax

 

(926)

 

-

 

 

 

Share of other comprehensive loss of associates and joint ventures

(927)

(14,514)

 

 

 

Income tax relating to items that may be reclassified

79,860

(125,957)

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

 

(181,580)

 

322,111

 

 

 

Other comprehensive income (loss), net of tax

(211,076)

372,748

Total comprehensive income

\       135,546

899,363

 

 

 

Total comprehensive income attributable to:

 

 

Shareholders of Sumitomo Mitsui Financial Group, Inc.

\        98,864

800,995

Non-controlling interests

36,682

98,368

 

 

Note: Comparative information in the Consolidated Statement of Financial Position, Consolidated Income Statement and Consolidated Statement of Comprehensive Income presented above has been restated following the implementation of IFRS 10 “Consolidated Financial Statements” and revised IAS 19 “Employee Benefits.” For a more detailed explanation, please refer to “Note 2 Summary of Significant Accounting Policies−Significant Accounting Policies” in the interim report on Form 6-K submitted on January 23, 2014 (Eastern Standard Time).