Sumitomo Mitsui Financial Group, Inc. (SMFG) Income Statement Analysis

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Complete financial analysis of Sumitomo Mitsui Financial Group, Inc. (SMFG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sumitomo Mitsui Financial Group, Inc., a leading company in the Banks – Diversified industry within the Financial Services sector.

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Sumitomo Mitsui Financial Group, Inc. (SMFG)

Industry: Banks - Diversified

Sector: Financial Services

Website: https://www.smfg.co.jp

About Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through four segments: Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit. The Wholesale Business Unit segment offers financing, investment management, risk hedging, and settlement services, as well as financial solutions related to mergers and acquisition, and other advisory services primarily for large, mid, and small-sized corporate clients; various leasing services, including equipment, and operating and leveraged leasing; and digital services, such as robotic process automation and electronic contract services. The Retail Business Unit segment offers wealth management, settlement, consumer finance, and housing loan products and services, as well as business and asset succession services to high-net-worth customers. The Global Business Unit segment offers loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, and cash management services; underwriting services; and leasing services related to the construction machinery, transportation equipment, industrial machinery, medical equipment, and aircraft leasing. The Global Markets Business Unit segment offers solutions through foreign exchange products, derivatives, bonds, stocks, and other marketable financial products. It also undertakes asset liability management operations. The company also offers credit card, internet banking, system development and engineering, data processing, management consulting and economic research, and investment advisory and investment trust management services. Sumitomo Mitsui Financial Group, Inc. was incorporated in 2002 and is headquartered in Tokyo, Japan.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Revenue	4,433.37B	3,785.53B	3,423.11B	3,166.53B	3,677.54B	4,376.28B	4,788.71B	3,347.90B	4,175.98B	4,199.49B	3,238.63B	3,828.97B	3,676.31B	3,567.71B	2,674.44B	2,427.58B	3,102.68B	2,803.99B	2,865.35B	3,239.48B	3,359.26B	3,100.89B	3,082.23B	1,335.77B	1,411.55B
Cost of Revenue	-4,221.52B	0.00	0.00	0.00	0.00	0.00	218.96B	-848.34B	177.76B	140.87B	179.45B	1,113.11B	1,056.64B	900.92B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	8,654.89B	3,785.53B	3,423.11B	3,166.53B	3,677.54B	4,376.28B	4,569.75B	4,196.24B	3,998.22B	4,058.62B	3,059.18B	2,715.85B	2,619.67B	2,666.79B	2,674.44B	2,427.58B	3,102.68B	2,803.99B	2,865.35B	3,239.48B	3,359.26B	3,100.89B	3,082.23B	1,335.77B	1,411.55B
Gross Profit Ratio	195.22%	100.00%	100.00%	100.00%	100.00%	100.00%	95.43%	125.34%	95.74%	96.65%	94.46%	70.93%	71.26%	74.75%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	2,281.51B	1,980.56B	1,651.60B	1,770.56B	1,766.12B	1,835.15B	1,959.09B	1,752.14B	1,815.65B	1,748.65B	1,523.01B	1,556.16B	1,468.93B	1,392.67B	911.52B	1,063.42B	1,773.36B	1,563.22B	1,503.93B	852.72B	866.55B	889.24B	935.55B	490.62B	487.47B
Selling & Marketing	0.00	143.50B	126.09B	89.92B	73.48B	63.67B	80.46B	79.57B	79.45B	68.48B	56.79B	48.98B	132.10B	131.23B	35.32B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2,281.51B	1,980.56B	1,651.60B	1,770.56B	1,766.12B	1,835.15B	1,959.09B	1,752.14B	1,815.65B	1,748.65B	1,523.01B	1,556.16B	1,601.03B	1,523.90B	946.83B	1,063.42B	1,773.36B	1,563.22B	1,503.93B	852.72B	866.55B	889.24B	935.55B	490.62B	487.47B
Other Expenses	2,151.86B	-1,494.40B	-1,348.39B	167.74B	-38.76B	211.22B	218.96B	187.17B	177.76B	140.87B	-3,081.31B	75.96B	3.86B	433.93B	-2,257.73B	-723.13B	97.80B	-2,808.80B	-2,884.72B	-3,901.34B	-3,552.25B	-2,948.24B	-2,639.55B	-1,261.62B	-1,008.81B
Operating Expenses	4,433.37B	2,306.07B	2,134.40B	1,909.27B	1,962.40B	2,056.14B	2,178.05B	1,939.30B	1,993.41B	1,889.52B	-1,558.30B	1,632.12B	1,604.89B	1,957.83B	-1,310.90B	340.29B	1,871.16B	-1,245.57B	-1,380.80B	-3,048.62B	-2,685.70B	-2,059.00B	-1,703.99B	-771.00B	-521.34B
Cost & Expenses	7,411.84B	2,306.07B	2,134.40B	1,909.27B	1,962.40B	2,056.14B	2,397.01B	1,090.96B	2,171.16B	2,030.39B	179.45B	2,745.23B	2,661.53B	2,858.75B	-1,310.90B	340.29B	1,871.16B	-1,245.57B	-1,380.80B	-3,048.62B	-2,685.70B	-2,059.00B	-1,703.99B	-771.00B	-521.34B
Interest Income	6,213.52B	3,779.71B	1,907.99B	1,853.04B	2,456.36B	2,488.90B	2,165.79B	1,900.26B	1,868.31B	1,891.93B	1,714.04B	1,707.51B	1,631.59B	1,612.60B	1,766.05B	2,087.35B	2,145.45B	1,979.07B	1,662.60B	1,521.73B	1,591.34B	1,816.91B	2,176.68B	1,107.83B	1,398.94B
Interest Expense	4,332.87B	2,061.92B	380.00B	517.82B	1,179.77B	1,157.48B	775.56B	502.34B	445.38B	386.75B	320.51B	314.87B	290.22B	294.95B	346.81B	748.89B	935.07B	810.47B	500.99B	350.38B	310.27B	417.40B	726.90B	437.84B	745.55B
Depreciation & Amortization	293.07B	267.93B	241.92B	227.18B	226.73B	294.93B	306.76B	304.26B	266.02B	248.72B	219.09B	209.73B	172.95B	177.21B	140.72B	131.41B	497.64B	419.13B	425.81B	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	0.00	1,366.40B	1,171.50B	899.42B	0.00	1,418.51B	1,415.61B	1,283.56B	1,427.13B	1,558.09B	1,653.15B	1,413.50B	1,265.50B	1,127.77B	713.59B	13.44B	1,480.80B	1,344.46B	1,462.90B	0.00	673.56B	1,041.88B	1,378.23B	564.77B	890.21B
EBITDA Ratio	0.00%	-2.74%	-3.74%	-1.09%	-2.54%	-3.76%	43.59%	51.83%	37.91%	43.59%	53.11%	36.20%	35.18%	36.43%	56.25%	34.66%	73.51%	70.53%	66.67%	5.89%	20.05%	33.60%	44.72%	42.28%	63.07%
Operating Income	1,561.59B	1,341.58B	788.92B	973.51B	345.33B	890.83B	1,780.45B	1,430.86B	1,317.12B	1,581.72B	1,500.88B	1,176.33B	1,120.26B	1,122.42B	1,363.54B	710.08B	1,783.04B	1,558.41B	1,484.55B	190.86B	673.56B	1,041.88B	1,378.23B	564.77B	890.21B
Operating Income Ratio	35.22%	35.44%	23.05%	30.74%	9.39%	20.36%	37.18%	42.74%	31.54%	37.66%	46.34%	30.72%	30.47%	31.46%	50.98%	29.25%	57.47%	55.58%	51.81%	5.89%	20.05%	33.60%	44.72%	42.28%	63.07%
Total Other Income/Expenses	-219.24B	-97.09B	-147.11B	-82.29B	-86.23B	-53.64B	-330.63B	-301.61B	-671.67B	-1,342.24B	-449.76B	-10.67B	-192.83B	-185.98B	435.92B	-494.28B	-135.79B	-235.33B	-90.53B	-299.40B	-5,640.07B	-5,750.80B	-4,181.88B	-1,974.73B	-1,806.75B
Income Before Tax	1,342.35B	1,098.47B	929.59B	672.24B	888.65B	1,123.58B	1,108.85B	880.35B	980.17B	1,309.38B	1,306.18B	1,064.03B	952.97B	827.31B	1,134.73B	29.50B	928.96B	806.79B	1,043.36B	-108.54B	404.89B	590.91B	604.34B	132.05B	126.14B
Income Before Tax Ratio	30.28%	29.02%	27.16%	21.23%	24.16%	25.67%	23.16%	26.30%	23.47%	31.18%	40.33%	27.79%	25.92%	23.19%	42.43%	1.21%	29.94%	28.77%	36.41%	-3.35%	12.05%	19.06%	19.61%	9.89%	8.94%
Income Tax Expense	373.66B	282.15B	214.54B	156.35B	167.68B	331.42B	270.52B	139.77B	225.05B	441.36B	414.00B	145.97B	311.34B	240.77B	488.04B	334.64B	386.44B	306.59B	296.72B	74.68B	32.88B	159.12B	187.45B	77.99B	82.08B
Net Income	962.95B	805.84B	706.63B	512.81B	703.88B	726.68B	734.37B	635.80B	646.69B	753.61B	766.37B	794.06B	518.54B	475.90B	528.69B	-373.46B	461.54B	441.35B	686.84B	-234.20B	330.41B	465.36B	463.89B	48.94B	62.58B
Net Income Ratio	21.72%	21.29%	20.64%	16.19%	19.14%	16.61%	15.34%	18.99%	15.49%	17.95%	23.66%	20.74%	14.10%	13.34%	19.77%	-15.38%	14.88%	15.74%	23.97%	-7.23%	9.84%	15.01%	15.05%	3.66%	4.43%
EPS	724.55	590.46	515.51	374.26	511.87	519.95	520.67	516.00	472.99	551.18	611.45	395.74	243.85	328.32	511.51	-483.53	592.98	583.41	925.93	-399.03	523.15	-843.25	841.20	92.20	125.80
EPS Diluted	724.34	590.26	515.30	374.08	511.57	519.61	520.28	515.58	472.67	550.85	611.14	395.20	243.15	328.31	481.59	-463.88	566.57	583.41	925.93	-399.03	358.65	-843.25	841.20	92.10	125.80
Weighted Avg Shares Out	1.33B	1.36B	1.37B	1.37B	1.38B	1.40B	1.41B	1.37B	1.37B	1.37B	1.37B	1.35B	1.39B	1.39B	1.02B	772.35M	756.40M	756.50M	741.79M	586.93M	631.59M	551.86M	551.46M	530.79M	497.46M
Weighted Avg Shares Out (Dil)	1.33B	1.37B	1.37B	1.37B	1.38B	1.40B	1.41B	1.37B	1.37B	1.37B	1.37B	1.35B	1.39B	1.39B	1.04B	805.07M	756.40M	756.50M	741.79M	586.93M	631.59M	551.86M	551.46M	531.37M	497.46M

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Japan's asset management industry has favorable growth prospects, and this puts a leading financial services player like Sumitomo Mitsui Financial in a good position to increase its future fee income. SMFG's net interest income growth outlook is positive, considering the...

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NEW YORK & LONDON--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) (“Jefferies”) and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), and other group companies (collectively, “SMBC Group”) announced today that they have signed a memorandum...