# Sumitomo Mitsui Financial Group, Inc.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第24期(2025/04/01－2026/03/31) (S100YERK)
> Page: https://vizora.meequs.com/en/company/sumitomo-mitsui-financial-group
> Retrieved: 2026-09-30T20:00:00.003Z

## Company

SMFG, founded in 2002, is a company in Major Banks listed on TSE Prime. It has 122,970 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Sumitomo Mitsui Financial Group, Inc. |
| Ticker | 8316 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8316.T) |
| Listing | TSE Prime |
| Head office | 東京都千代田区丸の内一丁目1番2号 |
| Representative (per filing) | 執行役社長 中島達 |
| Founded | Jul 2002 |
| Employees (consolidated) | 122,970 |
| Average salary (parent only) | ¥11.8M |
| Fiscal year end | March |
| Website | www.smfg.co.jp (https://www.smfg.co.jp/) |
| Corporate number | 2010001081053 |
| EDINET | E03614 |
| Industries (Vizora) | Major Banks |

> Profile source: annual securities report (S100YERK, filed 2026-06-19). As of filing

## Key points (generated from figures)

- SMFG brought in ¥10.8T in ordinary revenue.
- Out of every ¥100 of ordinary revenue, about ¥21 is left as ordinary profit.
- Ordinary revenue changed +6.1% from the prior year, ordinary profit +34.0%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Ordinary revenue | ¥10.8T |  |
| Ordinary income | ¥2.3T | Margin 21.3% |
| Net income | ¥1.58T | Margin 14.7% |
| Employees (consolidated) | 122,970 |  |
| EPS | ¥232.64 |  |
| Diluted EPS | ¥232.59 |  |
| Book value per share | ¥1708.39 |  |
| Equity ratio | 4.8% |  |
| Shares outstanding | 3,827,498,140 |  |
| Treasury shares | 10,058,300 |  |
| Shareholders | 549,895 |  |
| Average salary (parent only) | ¥11.8M | Filing company only |

## Notable figures

- FY2026, revenue is 2.6× its level five years ago

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥3902307000000 | ¥10790853000000 | +176.5% |
| Employees | 86,781 people | 122,970 people | +41.7% |
| Cash and equivalents | ¥66811212000000 | ¥59431773000000 | -11.0% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Ordinary revenue | 10,790,853 | 100.0% | S100YERK |
| Ordinary expenses | 8,487,502 | 78.7% | S100YERK |
| Ordinary income | 2,303,350 | 21.3% | S100YERK |
| Extraordinary income | 9,749 | 0.1% | S100YERK |
| Extraordinary loss | 61,374 | 0.6% | S100YERK |
| Pretax income | 2,251,725 | 20.9% | S100YERK |
| Income tax | 666,910 | 6.2% | S100YERK |
| Net income | 1,584,815 | 14.7% | S100YERK |
| Net income attributable to owners | 1,582,973 | 14.7% | S100YERK |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Ordinary expenses | 79 |
| Ordinary income | 21 |
| (Ref.) Net income | 15 |

### Margin funnel

Ordinary margin 21.3% → Net margin 14.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.1%; Core profit growth: +34.0%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 5.61×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 10,174,894 | 10,790,853 | 615,959 | +6.1% |
| Net income attributable to owners | 1,177,996 | 1,582,973 | 404,977 | +34.4% |
| Operating cash flow | 4,848,464 | -10,283,139 | -15,131,603 | -312.1% |
| Free cash flow | 4,481,499 | -10,760,659 | -15,242,158 | -340.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 4,300,496 | — | — | 706,519 | 4,514,377 | — | S100LU5N |
| FY ending Mar 2018 | 4,777,018 | — | — | 734,368 | 9,342,794 | — | S100OCJ8 |
| FY ending Mar 2019 | 4,804,428 | — | — | 726,681 | 4,596,242 | — | S100R1RG |
| FY ending Mar 2020 | 4,591,873 | — | — | 703,883 | 7,087,460 | 6,836,624 | S100LU5N |
| FY ending Mar 2021 | 3,902,307 | — | — | 512,812 | 18,795,951 | 18,471,240 | S100OCJ8 |
| FY ending Mar 2022 | 4,111,127 | — | — | 706,631 | 1,545,423 | 1,257,235 | S100R1RG |
| FY ending Mar 2023 | 6,142,155 | — | — | 805,842 | -5,895,185 | -6,194,314 | S100TPKY |
| FY ending Mar 2024 | 9,353,590 | — | — | 962,946 | 642,862 | 250,981 | S100X7DX |
| FY ending Mar 2025 | 10,174,894 | — | — | 1,177,996 | 4,848,464 | 4,481,499 | S100YERK |
| FY ending Mar 2026 | 10,790,853 | — | — | 1,582,973 | -10,283,139 | -10,760,659 | S100YERK |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥87.8M |
| Net income per employee (consolidated) | ¥12.9M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 101,023 | 105,955 | 120,373 | 122,978 | 122,970 |
| Average salary (parent company) | ¥10.9M | ¥10.9M | ¥11M | ¥11.3M | ¥11.8M |
| Average age (parent company) | 39.0 years | 39.0 years | 39.0 years | 39.0 years | 39.0 years |
| Average tenure (parent company) | 15.0 years | 15.0 years | 14.0 years | 14.0 years | 14.0 years |

Year over year: Employees (consolidated) -0.0% · Revenue (consolidated) +6.1%

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -10,283,139 | -95.3% | S100YERK |
| Capital expenditure | 477,520 | 4.4% | S100YERK |
| Free cash flow | -10,760,659 | -99.7% | 算出 |
| Investing cash flow | 3,254,237 | 30.2% | S100YERK |
| Financing cash flow | -46,355 | -0.4% | S100YERK |
| Dividends paid | 540,071 | 5.0% | S100YERK |
| Share buyback | 250,624 | 2.3% | S100YERK |
| Change in cash | -6,755,900 | -62.6% | S100YERK |
| Cash and equivalents | 59,431,773 | 550.8% | S100YERK |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 16.2% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 5.8% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 （常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 2.8% | 2026-03-31 |
| NATSCUMCO（常任代理人 株式会社三井住友銀行） | Major shareholder | 2.0% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781（常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 1.4% | 2026-03-31 |
| GOVERNMENT OF NORWAY（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 1.1% | 2026-03-31 |
| 野村信託銀行株式会社（投信口） | Major shareholder | 1.1% | 2026-03-31 |
| JPモルガン証券株式会社 | Major shareholder | 1.0% | 2026-03-31 |
| THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT（常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 1.0% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103（常任代理人 株式会社みずほ銀行 決済営業部） | Major shareholder | 0.9% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue reached ¥10.8T in the FY ending Mar 2026, up +6.1% from ¥10.2T.
- Net income attributable to owners rose much faster, from ¥1.18T to ¥1.58T.
- Operating cash flow went the other way, from ¥4.85T to -¥10.3T.

### Drivers

- Higher yen interest rates widened the gap between what it earns on loans and pays on deposits
- Asset management, payments, and corporate deal fees in Japan all brought in more
- Last year's goodwill write-down on its stakes in Vietnam's VPBank group did not repeat

### Risks

- A deeper or longer Middle East conflict could push up bad loans and market losses
- Fintech firms and companies from other industries are moving into banking
- Dropping below Basel III capital requirements would let regulators limit its business

Cited: Annual Securities Report (FY ending Mar 2026) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual Securities Report (FY ending Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第24期(2025/04/01－2026/03/31) | S100YERK | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YERK,, |
| 訂正有価証券報告書－第23期(2024/04/01－2025/03/31) | S100X7DX | 2025-11-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100X7DX,, |
| 有価証券報告書－第22期(2023/04/01－2024/03/31) | S100TPKY | 2024-06-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPKY,, |
| 有価証券報告書－第21期(2022/04/01－2023/03/31) | S100R1RG | 2023-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1RG,, |
| 有価証券報告書－第20期(令和3年4月1日－令和4年3月31日) | S100OCJ8 | 2022-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OCJ8,, |
| 有価証券報告書－第19期(令和2年4月1日－令和3年3月31日) | S100LU5N | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LU5N,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| SBIホールディングス | Capital alliance | 包括的な資本業務提携（第三者割当でSMFGが出資） | S100YK3R |
| GMOインターネットグループ | Capital alliance | GMO-PGと共に、合弁会社を通じた決済代行サービスの資本・業務提携 | S100XSG3 |
| ライフネット生命保険 | Capital alliance | 保険商品と決済サービスの連携を目的とした資本業務提携（三井住友カードも当事者） | S100YC7R |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).