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01/23/2013 | Press release
distributed by noodls on 01/23/2013 04:14
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 23, 2013 --- Sumitomo Mitsui Financial Group, Inc. ("SMFG", President: Koichi Miyata) hereby announces that, on January 22, 2013 (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)
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 22, 2013. 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.
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At March 31,
(In millions) At September 30,
2012 2012 Assets:
Cash and deposits with banks ¥ 8,050,562 ¥ 8,360,558
Call loans and bills bought 1,297,082 1,125,647
Reverse repurchase agreements and cash collateral on securities
borrowed 4,937,025 3,978,194
Trading assets 4,461,258 4,843,436
Derivative financial instruments 5,901,526 6,281,908
Financial assets at fair value through profit or loss 2,150,409 2,137,737
Investment securities 37,324,100 34,448,711
Loans and advances 72,536,813 71,464,359
Investments in associates and joint ventures 206,660 209,576
Property, plant and equipment 1,045,006 1,589,068
Intangible assets 899,167 900,851
Other assets 2,367,300 2,890,423
Current tax assets 65,298 22,599
Deferred tax assets 632,220 651,492
Total assets ¥ 141,874,426 ¥ 138,904,559
Liabilities:
Deposits ¥ 92,853,566 ¥ 94,385,266
Call money and bills sold 2,144,600 2,101,108
Repurchase agreements and cash collateral on securities lent 7,487,633 5,527,735
Trading liabilities 2,173,567 1,907,968
Derivative financial instruments 5,850,813 6,113,782
Borrowings 10,412,858 7,649,411
Debt securities in issue 7,377,742 7,469,904
Provisions 425,350 327,302
Other liabilities 5,401,790 5,605,597
Current tax liabilities 61,786 106,825
Deferred tax liabilities 69,330 76,114
Total liabilities 134,259,035 131,271,012
Equity:
Capital stock 2,337,896 2,337,896
Capital surplus 862,933 862,029
Retained earnings 2,162,696 2,382,208
Other reserves 437,177 275,275
Treasury stock (236,037) (227,173) Equity attributable to shareholders of Sumitomo Mitsui Financial
Group, Inc. 5,564,665 5,630,235
Non-controlling interests 2,050,726 2,003,312
Total equity 7,615,391 7,633,547
Total equity and liabilities ¥ 141,874,426 ¥ 138,904,559
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(In millions, except per share data) For the six months ended
September 30,
2011 2012 Interest income ¥ 850,230 ¥ 869,479
Interest expense 154,442 158,480
Net interest income 695,788 710,999
|
Fee and commission income |
422,682 438,867 |
|
Fee and commission expense |
71,212 67,156 |
|
Net fee and commission income |
351,470 371,711 |
Net trading income 142,589 181,005
Net income (loss) from financial assets at fair value
through profit or loss
22,947 (863)
Net investment income 160,745 138,920
Other income 94,156 126,008 Total operating income 1,467,695 1,527,780
Impairment charges on financial assets 132,094 196,673
Net operating income 1,335,601 1,331,107
General and administrative expenses 670,010 707,538
Other expenses 89,760 112,842 Operating expenses 759,770 820,380
Share of post-tax profit (loss) of associates and joint ventures (38,332) 4,288
Profit before tax 537,499 515,015
Income tax expense 215,678 167,363
Net profit ¥ 321,821 ¥ 347,652
Profit attributable to:
Shareholders of Sumitomo Mitsui Financial Group, Inc. ¥ 261,221 ¥ 290,987
Non-controlling interests 60,600 56,665
Earnings per share:
|
Basic |
¥ |
187.36 |
¥ |
214.92 |
|
Diluted |
187.34 |
214.80 |
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(In millions) For the six months ended
September 30,
2011 2012 Net profit ¥ 321,821 ¥ 347,652
Other comprehensive income: Available-for-sale financial assets:
Losses arising during the period, before tax (71,555) (230,564)
Reclassification adjustments for (gains) losses included
in net profit, before tax
Exchange differences on translating foreign operations:
(896) 23,166
Losses arising during the period, before tax (85,357) (51,575) Reclassification adjustments for (gains) losses included
in net profit, before tax
Share of other comprehensive loss of associates and joint ventures
1,369 (926)
(1,564) (927)
Income tax relating to components of other comprehensive income 42,483 79,642 Other comprehensive loss, net of tax (115,520) (181,184) Total comprehensive income ¥ 206,301 ¥ 166,468
Total comprehensive income attributable to:
|
Shareholders of Sumitomo Mitsui Financial Group, Inc. |
¥ |
174,955 |
¥ |
129,085 |
|
Non-controlling interests |
31,346 |
37,383 |
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