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SMFG

Sumitomo Mitsui Financial Group, Inc.

SMFG

Sumitomo Mitsui Financial Group, Inc. • NYSE
$18.22 ▲ 2.13% (+0.38)
Market Cap $70.09 B
52w High $18.23
52w Low $11.83
Dividend Yield 0.52%
P/E 13.2
Volume 1.11M
Outstanding Shares 3.85B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $2.66T ▲ $701.549B ▲ $556.607B ▲ 20.928% ▲ $144.69 ▲ $793.9B ▲
Q1-2026 $2.314T ▲ $670.595B ▼ $376.898B ▲ 16.288% ▲ $97.28 ▲ $481.574B ▲
Q4-2025 $2.306T ▼ $976.748B ▲ $42.025B ▼ 1.822% ▼ $10.85 ▼ $87.495B ▼
Q3-2025 $2.403T ▼ $532.934B ▼ $410.799B ▲ 17.096% ▲ $104.39 ▲ $585.048B ▲
Q2-2025 $2.537T $874.904B $353.817B 13.947% $89.91 $509.222B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $72.598T ▲ $305.906T ▲ $290.602T ▲ $15.166T ▲
Q1-2026 $72.274T ▼ $298.92T ▼ $284.312T ▼ $14.473T ▼
Q4-2025 $103.773T ▲ $306.282T ▼ $291.441T ▼ $14.704T ▼
Q3-2025 $74.544T ▼ $310.853T ▲ $295.571T ▲ $15.136T ▲
Q2-2025 $97.657T $290.023T $275.13T $14.756T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $556.607B ▲ $0 $0 $0 $0 $0
Q1-2026 $376.898B ▲ $0 $0 $0 $0 $0
Q4-2025 $42.025B ▼ $0 $0 $0 $0 $0
Q3-2025 $410.799B ▲ $0 $0 $0 $0 $0
Q2-2025 $353.817B $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement SMFG’s income statement shows a clear multi‑year improvement in earnings. Revenue has risen steadily over several years and then jumps sharply in the most recent period, pointing to a larger business footprint and a more favorable interest‑rate or fee environment. Operating profit and net profit also trend upward year after year, though in the latest year revenue is growing faster than profit, which suggests some pressure on margins or a shift into lower‑margin activities. Overall, profitability looks stronger than a few years ago, with meaningfully higher earnings per share, but investors should be aware that the most recent step‑up may partly reflect conditions that are not guaranteed to repeat.

Balance Sheet

Balance Sheet The balance sheet is typical of a major bank: very large and steadily expanding. Total assets have grown each year, indicating continued expansion of lending and investment activities. Equity has also increased gradually, which strengthens the capital base and helps absorb potential losses, although it is rising more slowly than assets, implying somewhat higher leverage over time. Debt has moved around but climbs sharply in the latest year, suggesting greater use of market funding; in a bank this can be normal, but it does mean ongoing dependence on stable funding conditions. Cash and liquid balances remain high, providing a solid liquidity buffer. Overall, the balance sheet looks robust but increasingly geared to a larger scale of operations.

Cash Flow

Cash Flow SMFG’s cash flows are more volatile than its earnings, which is common for banks. Operating cash flow swings from very strong inflows to sizable outflows in some years, reflecting changes in lending, deposits, and trading positions rather than day‑to‑day profitability. Free cash flow is generally positive over the period with one notable negative year, suggesting that, despite volatility, the group is not structurally cash‑hungry. Capital spending is modest and stable, reinforcing that this is not a heavy brick‑and‑mortar or industrial business but a financial and technology‑driven one. In short, cash flow is lumpy, but there is no obvious sign of chronic strain.

Competitive Edge

Competitive Edge SMFG is one of Japan’s leading megabanks, with a long history, a trusted brand, and deep relationships across large corporations, small businesses, and retail customers. Its offerings span commercial banking, securities, leasing, cards, and consumer finance, which spreads risk and creates many cross‑selling opportunities. It has meaningful strength in supply‑chain finance and corporate solutions in Asia‑Pacific, where it competes not just with domestic peers but also global banks. The large customer base, regulatory know‑how, and scale give it defenses that pure fintech newcomers struggle to match. On the other hand, it still faces structural headwinds from a mature, low‑growth home market, intense competition from other Japanese megabanks, and ongoing regulatory and interest‑rate uncertainty.

Innovation and R&D

Innovation and R&D SMFG is leaning heavily into digital innovation rather than relying only on its traditional banking strengths. It operates innovation hubs in places like Silicon Valley and Tokyo, and is actively applying artificial intelligence and blockchain across risk management, payments, and corporate services. The group prefers an “open innovation” model, partnering with fintechs and using open‑source technologies to speed up product development. Concrete examples include electronic contract services (like SMBC CLOUDSIGN), digital tools for store and asset management, and embedded finance and supply‑chain finance platforms that plug directly into clients’ business systems. While banks do not report R&D the way tech firms do, SMFG’s strategy suggests a sustained commitment to technology and partnerships as key drivers of its next stage of growth.

Summary

Overall, SMFG looks like a mature but evolving financial group: earnings have grown solidly over several years, the balance sheet is large and generally stronger, and cash flows, though volatile, do not show structural weakness. The firm’s traditional advantages—brand, scale, and diversified services—are now being reinforced by a clear push into digital platforms, AI‑driven services, and embedded finance solutions. The main opportunities lie in monetizing these digital capabilities, deepening relationships in Asia‑Pacific, and expanding beyond pure lending into broader business solutions. Key risks include reliance on a still‑challenging Japanese banking environment, higher leverage tied to balance‑sheet growth, and execution risk around its ambitious digital transformation. The picture is of a major bank actively trying to reinvent itself while building on a stronger earnings and capital base than it had a few years ago.

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