Condensed Financial Information of Registrant (SMFG) (Tables)

12 Months Ended

Mar. 31, 2024

Text Block1 [Abstract]

Condensed Statement of Financial Position

Condensed Statements of Financial Position

	At March 31,
	2024		2023
	(In millions)
Assets:
Deposits with SMBC	¥	309,526	¥	246,977
Investments in SMBC		4,613,790		4,613,790
Loans to SMBC		12,104,056		9,796,649
Investments in other subsidiaries, associates and joint ventures		2,408,849		2,007,172
Other assets		291,223		293,522
Current tax assets		22,827		91,048
Total assets	¥	19,750,271	¥	17,049,158
Liabilities and equity:
Short-term borrowings from SMBC	¥	1,707,650	¥	1,487,650
Long-term borrowings		398,026		355,265
Debt securities in issue due to other subsidiaries		27,113		14,889
Debt securities in issue		9,961,308		8,280,718
Other liabilities		95,166		67,757
Total liabilities		12,189,263		10,206,279
Shareholders’ equity		6,105,493		6,082,226
Other equity instruments holders’ equity		1,455,515		760,653
Total equity		7,561,008		6,842,879
Total equity and liabilities	¥	19,750,271	¥	17,049,158

Condensed Income Statement

Condensed Income Statements

	For the fiscal year ended March 31,
	2024			2023			2022
	(In millions)
Income:
Interest income from SMBC	¥	334,964		¥	235,386		¥	184,206
Dividends from SMBC		542,929			437,850			376,757
Dividends from other subsidiaries, associates and joint ventures		37,246			15,951			45,609
Fees and commission income from subsidiaries		21,722			12,421			9,439
Other income		9,655			1,956			1,109
Total income		946,516			703,564			617,120
Expense:
Interest expense to SMBC		5,586			5,546			4,751
Interest expense to other subsidiaries		9,961			4,830			4,779
Interest expense		313,356			220,397			169,526
Operating and other expense		58,418			68,659			37,982
Total expense		387,321			299,432			217,038
Profit before tax		559,195			404,132			400,082
Income tax expense		(8,670	)		(8,348	)		(7,942	)
Net profit	¥	567,865		¥	412,480		¥	408,024
Profit attributable to:
Shareholders		554,102			401,170			397,293
Other equity instruments holders		13,763			11,310			10,731

Condensed Statement of Cash Flows

Condensed Statements of Cash Flows

	For the fiscal year ended March 31,
	2024			2023			2022
	(In millions)
Operating Activities:
Profit before tax	¥	559,195		¥	404,132		¥	400,082
Income taxes paid—net		78,036			387			(17,935	)
Other operating activities—net		63,260			359,237			579,929
Net cash and cash equivalents provided by operating activities		700,491			763,756			962,076
Investing Activities:
Loans provided to SMBC		(1,269,130	)		(727,223	)		(873,537	)
Investments in subsidiaries		(377,437	)		(19,796	)		(233,576	)
Investments in associates and joint ventures		(26,962	)		—			(819	)
Other investing activities—net		(5,995	)		(2,770	)		(5,953	)
Net cash and cash equivalents used in investing activities		(1,679,524	)		(749,789	)		(1,113,885	)
Financing Activities:
Net increase (decrease) of short-term borrowings from SMBC		220,000			(20,380	)		230,000
Proceeds from issuance of long-term borrowings		1,263,169			61,042			86,390
Redemption of long-term borrowings		(1,259,255	)		(36,046	)		—
Proceeds from issuance of debt securities		1,260,767			1,191,048			969,480
Proceeds from issuance of other equity instruments		694,862			116,346			79,516
Redemption of debt securities		(564,970	)		(861,730	)		(831,880	)
Redemption of other equity instruments		—			(85,000	)		—
Dividends paid to shareholders		(348,010	)		(301,600	)		(274,058	)
Coupons paid to other equity instruments holders		(13,763	)		(11,310	)		(10,731	)
Purchases of treasury stock and proceeds from sales of treasury stock—net		(211,218	)		(138,507	)		246
Net cash and cash equivalents provided by (used in) financing activities		1,041,582			(86,137	)		248,963
Net increase (decrease) of cash and cash equivalents		62,549			(72,170	)		97,154
Cash and cash equivalents at beginning of period		246,977			319,147			221,993
Cash and cash equivalents at end of period	¥	309,526		¥	246,977		¥	319,147