6-K 1 d853381d6k.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 2015

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 27, 2015


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 27, 2015 — Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President: Koichi Miyata) hereby announces that, on January 26, 2015 (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 26, 2015. 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 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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(Reference) Consolidated Financial Statements (IFRS) (Unaudited)

Consolidated Statement of Financial Position (Unaudited)

 

             (In millions)  
     At March 31,     At September 30,  
      2014     2014  

Assets:

    

Cash and deposits with banks

     ¥        33,208,724        ¥          36,681,124   

Call loans and bills bought

     1,248,235        1,194,366   

Reverse repurchase agreements and cash collateral on securities borrowed

     4,303,121        6,238,412   

Trading assets

     3,557,545        4,125,359   

Derivative financial instruments

     4,891,382        5,602,504   

Financial assets at fair value through profit or loss

     1,840,255        1,810,807   

Investment securities

     22,052,998        21,135,902   

Loans and advances

     81,244,982        83,904,901   

Investments in associates and joint ventures

     383,590        403,514   

Property, plant and equipment

     2,078,927        2,268,219   

Intangible assets

     955,746        962,989   

Other assets

     2,655,512        3,573,541   

Current tax assets

     62,783        82,659   

Deferred tax assets

     147,241        134,817   

Total assets

     ¥  158,631,041        ¥  168,119,114   

Liabilities:

    

Deposits

     ¥  108,370,494        ¥  110,207,327   

Call money and bills sold

     4,112,429        4,401,121   

Repurchase agreements and cash collateral on securities lent

     7,041,075        9,317,913   

Trading liabilities

     1,865,243        2,111,598   

Derivative financial instruments

     4,980,991        5,818,182   

Borrowings

     8,463,363        10,017,198   

Debt securities in issue

     8,769,094        9,610,820   

Provisions

     225,473        177,814   

Other liabilities

     5,143,853        5,949,754   

Current tax liabilities

     94,585        103,055   

Deferred tax liabilities

     149,251        322,042   

Total liabilities

     149,215,851        158,036,824   

Equity:

    

Capital stock

     2,337,896        2,337,896   

Capital surplus

     862,518        862,750   

Retained earnings

     3,112,571        3,413,163   

Other reserves

     1,546,826        1,906,379   

Treasury stock

     (175,115     (175,180

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

     7,684,696        8,345,008   

Non-controlling interests

     1,730,494        1,737,282   

Total equity

     9,415,190        10,082,290   

Total equity and liabilities

     ¥  158,631,041        ¥  168,119,114   

 

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Consolidated Income Statement (Unaudited)

(In millions, except per share data)

 

    For the six months ended  
    September 30,  
     2013     2014  

Interest income

    ¥  859,322        ¥  875,491     

Interest expense

    158,321        174,811     

Net interest income

    701,001        700,680     

Fee and commission income

    516,044        476,927     

Fee and commission expense

    72,840        69,057     

Net fee and commission income

    443,204        407,870     

Net trading income

    81,706        75,980     

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

    35,369        15,502     

Net investment income

    225,083        201,635     

Other income

    167,046        157,613     

Total operating income

    1,653,409        1,559,280     

Impairment charges (reversals) on financial assets

    (1,194)        20,933     

Net operating income

    1,654,603        1,538,347     

General and administrative expenses

    764,604        790,640     

Other expenses

    136,468        134,142     

Operating expenses

    901,072        924,782     

Share of post-tax profit of associates and joint ventures

    11,334        12,084     

Profit before tax

    764,865        625,649     

Income tax expense

    238,187        178,783     

Net profit

    ¥              526,678        ¥              446,866     

Profit attributable to:

   

Shareholders of Sumitomo Mitsui Financial Group, Inc.

    ¥  459,009        ¥  390,728     

Non-controlling interests

    67,669        56,138     

Earnings per share:

   

Basic

    ¥  336.25        ¥  285.77     

Diluted

    336.09        285.61     

 

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Consolidated Statement of Comprehensive Income (Unaudited)

 

     (In millions)  
   

For the six months ended

September 30,

 
             2013                     2014          

  Net profit

    ¥ 526,678      ¥ 446,866   

  Other comprehensive income:

   

Items that will not be reclassified to profit or loss:

   

Remeasurements of defined benefit plans:

   

Gains (losses) arising during the period, before tax

    78,681        90,830   

Share of other comprehensive income (loss) of associates and joint ventures

    -        65   

Income tax relating to items that will not be reclassified

    (28,044     (32,260

Total items that will not be reclassified to profit or loss, net of tax

    50,637        58,635   

Items that may be reclassified subsequently to profit or loss:

   

Available-for-sale financial assets:

   

Gains (losses) arising during the period, before tax

    513,454        540,465   

Reclassification adjustments for (gains) losses included in net profit, before tax

    (169,105     (141,810

Exchange differences on translating foreign operations:

   

Gains (losses) arising during the period, before tax

    118,233        76,973   

Share of other comprehensive income (loss) of associates and joint ventures

    (14,514     (2,210

Income tax relating to items that may be reclassified

    (125,957     (147,687

Total items that may be reclassified subsequently to profit or loss, net of tax

    322,111        325,731   

  Other comprehensive income, net of tax

    372,748        384,366   

  Total comprehensive income

    ¥           899,426      ¥           831,232   

  Total comprehensive income attributable to:

   

Shareholders of Sumitomo Mitsui Financial Group, Inc.

    ¥ 801,023      ¥ 750,281   

Non-controlling interests

    98,403        80,951   

Note: Comparative information in the Consolidated Statement of Financial Position, Consolidated Income Statement and Consolidated Statement of Comprehensive Income presented above has been restated to reflect the adoption of IFRIC Interpretation 21 “Levies.” For a more detailed explanation, please refer to “Note 2 Summary of Significant Accounting Policies — Significant Accounting Policies” in the interim report on Form 6-K submitted on January 26, 2015 (Eastern Standard Time).

 

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