6-K 1 d288225d6k.htm FORM 6-K Form 6-K

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of January 2012

Commission File Number 001-34919

SUMITOMO MITSUI FINANCIAL GROUP, INC.

(Translation of registrant’s name into English)

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

     Form 20-F  x         Form 40-F  ¨   

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

                          ¨      

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

                          ¨      

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

     Yes  ¨         No  x   

*If ‘‘Yes’’ is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

     82-                  

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Sumitomo Mitsui Financial Group, Inc.

By:    

 

  /s/ Haruyuki Nagata

 

Name:    Haruyuki Nagata

 

Title:      General Manager, Financial Accounting Dept.

Date:    January 31, 2012


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 31, 2012 — Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President: Koichi Miyata) hereby announces that, on January 30, 2012 (Eastern Daylight 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 Sumitomo Mitsui Financial Group, Inc.’s consolidated interim financial information under International Financial Reporting Standards (“IFRS”) that was disclosed in its interim report on Form 6-K submitted to the U.S. Securities and Exchange Commission on January 30, 2012. 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 Sumitomo Mitsui Financial Group, Inc.’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 Sumitomo Mitsui Financial Group, Inc. and its management with respect to Sumitomo Mitsui Financial Group, Inc.’s future financial condition and results of operations. In many cases but not all, these statements contain words such as “anticipate”, “estimate”, “expect”,” intend”, “may”, “plan”, “probability”, “risk”, “project”, “should”, “seek”, “target” 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 the fragility of any economic recovery, both globally and in Japan; Sumitomo Mitsui Financial Group, Inc.’s ability to successfully implement its business and capital strategy; the success of our business alliances including those in the consumer finance industry; exposure to new risks as we expand the scope of our business; significant credit-related costs; declines in the value of Sumitomo Mitsui Financial Group, Inc.’s securities portfolio. 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. Sumitomo Mitsui Financial Group, Inc. undertakes no obligation to update or revise any forward-looking statements. Please refer to our most recent disclosure documents such as our annual report or the registration statement on Form 20-F and other documents submitted to the U.S. Securities and Exchange Commission, as well as our earnings press releases for a more detailed description of the risks and uncertainties that may affect our financial conditions, our operating results, and investors’ decisions.

 

– 1 –


(Reference) Consolidated Financial Statements (Unaudited)

Consolidated Statement of Financial Position (Unaudited)

 

(In millions)  

 

 
    

At March 31,

2011

    

At September 30,

2011

 

 

 

Assets:

     

Cash and deposits with banks

     ¥ 9,436,358          ¥ 6,983,407      

Call loans and bills bought

     862,667            994,817      

Reverse repurchase agreements and cash collateral on securities borrowed

     5,051,053            4,143,536      

Trading assets

     3,315,153            4,556,934      

Derivative financial instruments

     4,975,973            5,738,851      

Financial assets at fair value through profit or loss

     2,132,348            2,147,530      

Investment securities

     34,662,106            29,576,690      

Loans and advances

     71,020,329            72,586,614      

Investments in associates and joint ventures

     201,135            176,527      

Property, plant and equipment

     1,039,483            1,020,484      

Intangible assets

     769,677            763,364      

Other assets

     1,924,070            2,384,223      

Current tax assets

     53,708            14,264      

Deferred tax assets

     1,026,867            900,985      
  

 

 

 

Total assets

     ¥         136,470,927          ¥         131,988,226      
  

 

 

 

Liabilities:

     

Deposits

     ¥ 90,469,098          ¥ 90,278,186      

Call money and bills sold

     2,629,407            1,605,705      

Repurchase agreements and cash collateral on securities lent

     6,439,598            3,541,963      

Trading liabilities

     1,623,918            1,782,407      

Derivative financial instruments

     4,725,261            5,300,367      

Borrowings

     12,548,358            11,664,961      

Debt securities in issue

     5,890,388            5,762,864      

Provisions

     96,353            80,753      

Other liabilities

     4,422,166            4,467,580      

Current tax liabilities

     49,448            47,323      

Deferred tax liabilities

     25,727            26,985      
  

 

 

 

Total liabilities

     128,919,722            124,559,094      
  

 

 

 

Equity:

     

Capital stock

     2,337,896            2,337,896      

Capital surplus

     1,081,556            862,692      

Retained earnings

     1,974,069            2,149,809      

Other reserves

     280,783            195,017      

Treasury stock

     (171,761)           (124,562)     
  

 

 

 

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

     5,502,543            5,420,852      

Non-controlling interests

     2,048,662            2,008,280      
  

 

 

 

Total equity

     7,551,205            7,429,132      
  

 

 

 

Total equity and liabilities

     ¥  136,470,927          ¥  131,988,226      
  

 

 

 

 

– 2 –


Consolidated Income Statement (Unaudited)

 

     (In millions, except per share data)  

 

 
     For the six months ended
September 30,
 
              2010                        2011           

 

 

Interest income

       ¥         864,731       ¥         850,230      

Interest expense

     158,034         154,442      
  

 

 

 

Net interest income

     706,697         695,788      
  

 

 

 

Fee and commission income

     386,633         422,682      

Fee and commission expense

     71,000         71,212      
  

 

 

 

Net fee and commission income

     315,633         351,470      
  

 

 

 

Net trading income

     262,931         142,589      

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

     9,689         22,947      

Net investment income

     184,915         160,745      

Other income

     101,957         94,156      
  

 

 

 

Total operating income

     1,581,822         1,467,695      
  

 

 

 

Impairment charges on financial assets

     138,506         132,094      
  

 

 

 

Net operating income

     1,443,316         1,335,601      
  

 

 

 

General and administrative expenses

     625,103         670,010      

Other expenses

     96,800         89,760      
  

 

 

 

Operating expenses

     721,903         759,770      
  

 

 

 

Share of post-tax profit (loss) of associates and joint ventures

     1,491         (38,332)     
  

 

 

 

Profit before tax

     722,904         537,499      
  

 

 

 

Income tax expense

     270,479         215,678      
  

 

 

 

Net profit

       ¥ 452,425       ¥ 321,821      
  

 

 

 

Profit attributable to:

     

Shareholders of Sumitomo Mitsui Financial Group, Inc.

       ¥ 390,732       ¥ 261,221      

Non-controlling interests

     61,693         60,600      

Earnings per share:

     

Basic

       ¥ 277.48       ¥ 187.36      

Diluted

     277.36         187.34      

 

– 3 –


Consolidated Statement of Comprehensive Income (Unaudited)

 

     (In millions)   

 

 
     For the six months ended
September 30,
 
  

 

 

 
             2010                      2011          

 

 

Net profit

     ¥ 452,425          ¥ 321,821      

Other comprehensive income:

     

Available-for-sale financial assets:

     

Losses arising during the period, before tax

     (244,386)           (71,555)     

Reclassification adjustments for gains included in net profit, before tax

     (80,632)           (896)     

Exchange differences on translating foreign operations:

     

Losses arising during the period, before tax

     (101,896)           (85,357)     

Reclassification adjustments for losses included in net profit, before tax

     377            1,369      

Share of other comprehensive loss of associates and joint ventures

     (2,314)           (1,564)     

Income tax relating to components of other comprehensive income

     142,475            42,483      
  

 

 

 

Other comprehensive loss, net of tax

     (286,376)           (115,520)     
  

 

 

 

Total comprehensive income

     ¥ 166,049          ¥ 206,301      
  

 

 

 

Total comprehensive income attributable to:

     

Shareholders of Sumitomo Mitsui Financial Group, Inc.

     ¥ 142,270          ¥ 174,955      

Non-controlling interests

     23,779            31,346      

 

– 4 –