6-K 1 d510542d6k.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 December 2017

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   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 ☒

*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/ Takeshi Mikami

 

Name:

  Takeshi Mikami
 

Title:

 

Executive Officer & General Manager,

Financial Accounting Dept.

Date:      December 21, 2017


Sumitomo Mitsui Financial Group, Inc.

Notice Regarding Submission of Interim Report on Form 6-K

to the U.S. Securities and Exchange Commission

TOKYO, December 21, 2017 --- Sumitomo Mitsui Financial Group, Inc. (“SMFG”, President and Group Chief Executive Officer: Takeshi Kunibe) hereby announces that, on December 20, 2017 (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/disclosure.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 December 20, 2017. 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; incurrence of significant credit-related costs; SMFG’s ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; and exposure to new risks as SMFG expands the scope of its business. 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.

 

   

 

– 1 –


  (Reference) Consolidated Financial Statements (IFRS) (Unaudited)

Consolidated Statement of Financial Position (Unaudited)

 

            (In millions)
     At March 31,     At September 30,  
      2017     2017  

  Assets:

    

Cash and deposits with banks

   ¥       47,330,155     ¥           49,990,986  

Call loans and bills bought

     1,872,209       1,952,800  

Reverse repurchase agreements and cash collateral on securities borrowed

     8,924,385       9,555,849  

Trading assets

     3,776,671       3,683,141  

Derivative financial instruments

     4,063,982       3,807,133  

Financial assets at fair value through profit or loss

     1,599,093       1,599,103  

Investment securities

     19,073,937       19,290,071  

Loans and advances

     95,273,845       96,999,975  

Investments in associates and joint ventures

     675,704       696,461  

Property, plant and equipment

     2,686,055       2,966,027  

Intangible assets

     1,096,568       1,085,391  

Other assets

     4,456,031       5,539,861  

Current tax assets

     240,385       53,160  

Deferred tax assets

     81,961       68,085  

Total assets

   ¥ 191,150,981     ¥ 197,288,043  

  Liabilities:

    

Deposits

   ¥ 130,295,290     ¥ 133,683,638  

Call money and bills sold

     2,088,020       1,890,031  

Repurchase agreements and cash collateral on securities lent

     9,424,506       11,906,971  

Trading liabilities

     2,071,584       2,250,002  

Derivative financial instruments

     3,889,694       3,593,712  

Borrowings

     12,245,943       12,348,923  

Debt securities in issue

     11,165,623       11,698,919  

Provisions

     194,700       146,564  

Other liabilities

     7,488,766       6,694,080  

Current tax liabilities

     79,371       51,859  

Deferred tax liabilities

     320,201       488,386  

Total liabilities

     179,263,698       184,753,085  

  Equity:

    

Capital stock

     2,337,896       2,338,743  

Capital surplus

     864,052       863,366  

Retained earnings

     4,609,496       4,929,792  

Other reserves

     2,134,042       2,431,221  

Treasury stock

     (12,913     (12,480

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

     9,932,573       10,550,642  

Non-controlling interests

     1,505,001       1,534,504  

Equity attributable to other equity instruments holders

     449,709       449,812  

Total equity

     11,887,283       12,534,958  

  Total equity and liabilities

   ¥ 191,150,981     ¥ 197,288,043  

 

– 2 –


Consolidated Income Statement (Unaudited)

(In millions, except per share data)

 

   

For the six months ended

September 30,

 
     2016     2017  

  Interest income

  ¥ 924,563     ¥ 1,036,329    

  Interest expense

    224,952       337,852    

  Net interest income

    699,611       698,477    

  Fee and commission income

    504,086       530,006    

  Fee and commission expense

    87,115       99,052    

  Net fee and commission income

    416,971       430,954    

  Net trading income

    375,304       139,685    

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

    (489     (960)   

  Net investment income

    166,064       222,377    

  Other income

    248,772       265,204    

  Total operating income

    1,906,233       1,755,737    

  Impairment charges on financial assets

    118,571       66,992    

  Net operating income

    1,787,662       1,688,745    

  General and administrative expenses

    863,137       888,037    

  Other expenses

    178,723       215,666    

  Operating expenses

    1,041,860       1,103,703    

  Share of post-tax profit of associates and joint ventures

    15,280       32,223    

  Profit before tax

    761,082       617,265    

  Income tax expense

    201,614       137,296    

  Net profit

  ¥              559,468     ¥              479,969    

  Profit attributable to:

   

Shareholders of Sumitomo Mitsui Financial Group, Inc.

  ¥ 506,104     ¥ 426,002    

Non-controlling interests

    49,399       49,252    

Other equity instruments holders

    3,965       4,715    

  Earnings per share:

   

Basic

  ¥ 370.17     ¥ 302.06    

Diluted

    369.90       301.83    

 

– 3 –


Consolidated Statement of Comprehensive Income (Unaudited)

 

      (In millions)
    

For the six months ended

September 30,

 
      2016     2017  

  Net profit

   ¥ 559,468     ¥ 479,969  

  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

     (31,953     76,692  

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

     (435     117  

Income tax relating to items that will not be reclassified

     10,398       (23,417

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

     (21,990     53,392  

Items that may be reclassified subsequently to profit or loss:

    

Available-for-sale financial assets:

    

Gains (losses) arising during the period, before tax

     (110,159     558,315  

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

     (39,521     (152,564

Exchange differences on translating foreign operations:

    

Gains (losses) arising during the period, before tax

     (383,658     (12,248

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

     (61,525     (7,677

Income tax relating to items that may be reclassified

     71,039       (124,952

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

     (523,824     260,874  

  Other comprehensive income (loss), net of tax

     (545,814     314,266  

  Total comprehensive income

   ¥                 13,654     ¥             794,235  

  Total comprehensive income attributable to:

    

Shareholders of Sumitomo Mitsui Financial Group, Inc.

   ¥ 5,835     ¥ 723,181  

Non-controlling interests

     3,854       66,339  

Other equity instruments holders

     3,965       4,715  

 

– 4 –