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 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2025
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 ☐ |
THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF SUMITOMO MITSUI FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-276219) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
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/ Jun Okahashi | |
| Name: Jun Okahashi | ||
| Title: Executive Officer & General Manager, Financial Accounting Dept. | ||
Date: June 20, 2025
June 20, 2025
Sumitomo Mitsui Financial Group, Inc.
Corrections to the Consolidated financial results for the fiscal year ended March 31, 2025
<Under Japanese GAAP>
TOKYO, June 20, 2025 — Sumitomo Mitsui Financial Group, Inc. announced today the following corrections to its “Consolidated financial results for the fiscal year ended March 31, 2025” (under Japanese GAAP) disclosed on May 14, 2025. (Corrected items are underlined)
I. Reason for the corrections
The corrections were made because errors were found in Net exchange (gains) losses, Issuance and redemption of bonds (excluding subordinated bonds), Net change in due to trust account and Effect of exchange rate changes on cash and cash equivalents of our Consolidated statements of cash flows for the fiscal year ended March 31, 2025.
- 1 -
II. Corrected Sections
Summary
1. Consolidated financial results (for the fiscal year ended March 31, 2025)
(3) Cash flows
(Before correction)
| (Millions of yen) | ||||||||||||||||
| Cash flows from operating activities |
Cash flows from investing activities |
Cash flows from financing activities |
Cash and cash equivalents at year-end |
|||||||||||||
|
Fiscal year ended March 31, 2025 |
¥ | 4,969,423 | ¥ | (4,512,943) | ¥ | (480,149) | ¥ | 66,187,674 | ||||||||
|
Fiscal year ended March 31, 2024 |
642,862 | (918,904) | 280,693 | 66,380,330 | ||||||||||||
(After correction)
| (Millions of yen) | ||||||||||||||||
| Cash flows from operating activities |
Cash flows from investing activities |
Cash flows from financing activities |
Cash and cash equivalents at year-end |
|||||||||||||
|
Fiscal year ended March 31, 2025 |
¥ | 4,848,464 | ¥ | (4,512,943) | ¥ | (480,149) | ¥ | 66,187,674 | ||||||||
|
Fiscal year ended March 31, 2024 |
642,862 | (918,904) | 280,693 | 66,380,330 | ||||||||||||
Page 3
I. Operating and financial review
2. Consolidated financial position as of March 31, 2025
(3) Cash flows
(Before correction)
The Company generated ¥ 4,969.4 billion in cash flows from operating activities including interest received and paid, net changes in loans and bills discounted and deposits, an year-on-year increase of ¥ 4,326.6 billion, used ¥ 4,512.9 billion in cash flows from investing activities including purchases and sale of securities and tangible fixed assets, an year-on-year decrease of ¥ 3,594.0 billion, and used ¥ 480.1 billion in cash flows from financing activities including payment of dividends, an year-on-year decrease of ¥ 760.8 billion.
(After correction)
The Company generated ¥ 4,848.5 billion in cash flows from operating activities including interest received and paid, net changes in loans and bills discounted and deposits, an year-on-year increase of ¥ 4,205.6 billion, used ¥ 4,512.9 billion in cash flows from investing activities including purchases and sale of securities and tangible fixed assets, an year-on-year decrease of ¥ 3,594.0 billion, and used ¥ 480.1 billion in cash flows from financing activities including payment of dividends, an year-on-year decrease of ¥ 760.8 billion.
- 2 -
Page 11~12
III. Consolidated financial statements
4. Consolidated statements of cash flows
(Before correction)
| Millions of yen | ||||||||
| Year ended March 31 |
2024 | 2025 | ||||||
| Cash flows from operating activities: |
||||||||
| Income before income taxes |
¥ | 1,342,349 | ¥ | 1,699,943 | ||||
| Depreciation |
253,827 | 247,868 | ||||||
| Losses on impairment of fixed assets |
13,696 | 7,052 | ||||||
| Amortization of goodwill |
39,242 | 32,912 | ||||||
| Losses related to sale of the freight car leasing business |
108,191 | — | ||||||
| Net (gains) losses on step acquisitions |
(7,080) | — | ||||||
| Equity in (gains) losses of affiliates |
(71,986) | 5,504 | ||||||
| Net change in reserve for possible loan losses |
56,236 | 111,300 | ||||||
| Net change in reserve for employee bonuses |
15,231 | 14,321 | ||||||
| Net change in reserve for executive bonuses |
1,095 | 1,038 | ||||||
| Net change in net defined benefit asset and liability |
(206,752) | (76,526) | ||||||
| Net change in reserve for executive retirement benefits |
46 | (172) | ||||||
| Net change in reserve for point service program |
6,962 | (2,966) | ||||||
| Net change in reserve for reimbursement of deposits |
(1,616) | (3,655) | ||||||
| Net change in reserve for losses on interest repayment |
(6,431) | 120,180 | ||||||
| Interest income |
(6,213,520) | (6,928,577) | ||||||
| Interest expenses |
4,332,866 | 4,590,358 | ||||||
| Net (gains) losses on securities |
(157,931) | (460,489) | ||||||
| Net (gains) losses from money held in trust |
(199) | 88 | ||||||
| Net exchange (gains) losses |
(1,023,303) | 121,784 | ||||||
| Net (gains) losses from disposal of fixed assets |
8,240 | 11,753 | ||||||
| Net change in trading assets |
(3,105,997) | (595,017) | ||||||
| Net change in trading liabilities |
2,176,068 | (299,132) | ||||||
| Net change in loans and bills discounted |
(7,816,963) | (4,223,203) | ||||||
| Net change in deposits |
4,874,227 | 6,752,524 | ||||||
| Net change in negotiable certificates of deposit |
1,614,779 | 2,506,958 | ||||||
| Net change in borrowed money (excluding subordinated borrowings) |
824,962 | (3,315,758) | ||||||
| Net change in deposits with banks |
(418,953) | 2,299,127 | ||||||
| Net change in call loans and bills bought and others |
(2,223,456) | (6,829,158) | ||||||
| Net change in receivables under securities borrowing transactions |
(1,222,928) | 1,005,991 | ||||||
| Net change in call money and bills sold and others |
3,141,184 | 7,138,387 | ||||||
| Net change in commercial paper |
(56,179) | 216,445 | ||||||
| Net change in payables under securities lending transactions |
215,664 | 441,046 | ||||||
| Net change in foreign exchanges (assets) |
(107,623) | (646,936) | ||||||
| Net change in foreign exchanges (liabilities) |
1,402,696 | (1,100,136) | ||||||
| Net change in lease receivables and investment assets |
48,280 | (16,993) | ||||||
| Net change in short-term bonds (liabilities) |
439,000 | (134,800) | ||||||
| Issuance and redemption of bonds (excluding subordinated bonds) |
151,155 | 689,220 | ||||||
| Net change in due to trust account |
(525,794) | (771,841) | ||||||
| Interest received |
6,109,785 | 6,964,670 | ||||||
| Interest paid |
(4,176,630) | (4,588,453) | ||||||
| Other, net |
1,013,486 | 478,347 | ||||||
|
|
|
|
|
|||||
| Subtotal |
845,931 | 5,463,007 | ||||||
|
|
|
|
|
|||||
| Income taxes paid |
(203,069) | (493,583) | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) operating activities |
642,862 | 4,969,423 | ||||||
|
|
|
|
|
|||||
- 3 -
(continued)
| Millions of yen | ||||||||
| Year ended March 31 |
2024 | 2025 | ||||||
| Cash flows from investing activities: |
||||||||
| Purchases of securities |
¥ | (36,598,269) | ¥ | (48,625,007) | ||||
| Proceeds from sale of securities |
14,138,643 | 18,204,027 | ||||||
| Proceeds from redemption of securities |
21,888,554 | 26,275,651 | ||||||
| Purchases of money held in trust |
(10,595) | (8,611) | ||||||
| Proceeds from sale of money held in trust |
0 | 1 | ||||||
| Purchases of tangible fixed assets |
(141,688) | (110,930) | ||||||
| Proceeds from sale of tangible fixed assets |
2,387 | 7,005 | ||||||
| Purchases of intangible fixed assets |
(250,193) | (256,035) | ||||||
| Purchases of stocks of subsidiaries resulting in change in scope of consolidation |
(19,782) | (315) | ||||||
| Proceeds from sale of stocks of subsidiaries resulting in change in scope of consolidation |
72,040 | 1,272 | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) investing activities |
(918,904) | (4,512,943) | ||||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Proceeds from subordinated borrowings |
10,000 | 33,000 | ||||||
| Repayment of subordinated borrowings |
(30,000) | (33,000) | ||||||
| Proceeds from issuance of subordinated bonds and bonds with stock acquisition rights |
971,660 | 626,442 | ||||||
| Redemption of subordinated bonds and bonds with stock acquisition rights |
— | (437,067) | ||||||
| Dividends paid |
(348,010) | (412,120) | ||||||
| Dividends paid to non-controlling stockholders |
(9,004) | (5,956) | ||||||
| Purchases of treasury stock |
(211,434) | (251,629) | ||||||
| Proceeds from disposal of treasury stock |
216 | 181 | ||||||
| Proceeds from sale of treasury stock of subsidiaries |
4 | 0 | ||||||
| Purchase of stocks of subsidiaries not resulting in change in scope of consolidation |
(102,737) | — | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) financing activities |
280,693 | (480,149) | ||||||
|
|
|
|
|
|||||
| Effect of exchange rate changes on cash and cash equivalents |
511,430 | (168,986) | ||||||
|
|
|
|
|
|||||
| Net change in cash and cash equivalents |
516,081 | (192,656) | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at the beginning of the fiscal year |
65,864,248 | 66,380,330 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at the end of the fiscal year |
¥ | 66,380,330 | ¥ | 66,187,674 | ||||
|
|
|
|
|
|||||
- 4 -
(After correction)
| Millions of yen | ||||||||
| Year ended March 31 |
2024 | 2025 | ||||||
| Cash flows from operating activities: |
||||||||
| Income before income taxes |
¥ | 1,342,349 | ¥ | 1,699,943 | ||||
| Depreciation |
253,827 | 247,868 | ||||||
| Losses on impairment of fixed assets |
13,696 | 7,052 | ||||||
| Amortization of goodwill |
39,242 | 32,912 | ||||||
| Losses related to sale of the freight car leasing business |
108,191 | — | ||||||
| Net (gains) losses on step acquisitions |
(7,080) | — | ||||||
| Equity in (gains) losses of affiliates |
(71,986) | 5,504 | ||||||
| Net change in reserve for possible loan losses |
56,236 | 111,300 | ||||||
| Net change in reserve for employee bonuses |
15,231 | 14,321 | ||||||
| Net change in reserve for executive bonuses |
1,095 | 1,038 | ||||||
| Net change in net defined benefit asset and liability |
(206,752) | (76,526) | ||||||
| Net change in reserve for executive retirement benefits |
46 | (172) | ||||||
| Net change in reserve for point service program |
6,962 | (2,966) | ||||||
| Net change in reserve for reimbursement of deposits |
(1,616) | (3,655) | ||||||
| Net change in reserve for losses on interest repayment |
(6,431) | 120,180 | ||||||
| Interest income |
(6,213,520) | (6,928,577) | ||||||
| Interest expenses |
4,332,866 | 4,590,358 | ||||||
| Net (gains) losses on securities |
(157,931) | (460,489) | ||||||
| Net (gains) losses from money held in trust |
(199) | 88 | ||||||
| Net exchange (gains) losses |
(1,023,303) | 825 | ||||||
| Net (gains) losses from disposal of fixed assets |
8,240 | 11,753 | ||||||
| Net change in trading assets |
(3,105,997) | (595,017) | ||||||
| Net change in trading liabilities |
2,176,068 | (299,132) | ||||||
| Net change in loans and bills discounted |
(7,816,963) | (4,223,203) | ||||||
| Net change in deposits |
4,874,227 | 6,752,524 | ||||||
| Net change in negotiable certificates of deposit |
1,614,779 | 2,506,958 | ||||||
| Net change in borrowed money (excluding subordinated borrowings) |
824,962 | (3,315,758) | ||||||
| Net change in deposits with banks |
(418,953) | 2,299,127 | ||||||
| Net change in call loans and bills bought and others |
(2,223,456) | (6,829,158) | ||||||
| Net change in receivables under securities borrowing transactions |
(1,222,928) | 1,005,991 | ||||||
| Net change in call money and bills sold and others |
3,141,184 | 7,138,387 | ||||||
| Net change in commercial paper |
(56,179) | 216,445 | ||||||
| Net change in payables under securities lending transactions |
215,664 | 441,046 | ||||||
| Net change in foreign exchanges (assets) |
(107,623) | (646,936) | ||||||
| Net change in foreign exchanges (liabilities) |
1,402,696 | (1,100,136) | ||||||
| Net change in lease receivables and investment assets |
48,280 | (16,993) | ||||||
| Net change in short-term bonds (liabilities) |
439,000 | (134,800) | ||||||
| Issuance and redemption of bonds (excluding subordinated bonds) |
151,155 | 121,915 | ||||||
| Net change in due to trust account |
(525,794) | (204,537) | ||||||
| Interest received |
6,109,785 | 6,964,670 | ||||||
| Interest paid |
(4,176,630) | (4,588,453) | ||||||
| Other, net |
1,013,486 | 478,347 | ||||||
|
|
|
|
|
|||||
| Subtotal |
845,931 | 5,342,048 | ||||||
|
|
|
|
|
|||||
| Income taxes paid |
(203,069) | (493,583) | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) operating activities |
642,862 | 4,848,464 | ||||||
|
|
|
|
|
|||||
- 5 -
(continued)
| Millions of yen | ||||||||
| Year ended March 31 |
2024 | 2025 | ||||||
| Cash flows from investing activities: |
||||||||
| Purchases of securities |
¥ | (36,598,269) | ¥ | (48,625,007) | ||||
| Proceeds from sale of securities |
14,138,643 | 18,204,027 | ||||||
| Proceeds from redemption of securities |
21,888,554 | 26,275,651 | ||||||
| Purchases of money held in trust |
(10,595) | (8,611) | ||||||
| Proceeds from sale of money held in trust |
0 | 1 | ||||||
| Purchases of tangible fixed assets |
(141,688) | (110,930) | ||||||
| Proceeds from sale of tangible fixed assets |
2,387 | 7,005 | ||||||
| Purchases of intangible fixed assets |
(250,193) | (256,035) | ||||||
| Purchases of stocks of subsidiaries resulting in change in scope of consolidation |
(19,782) | (315) | ||||||
| Proceeds from sale of stocks of subsidiaries resulting in change in scope of consolidation |
72,040 | 1,272 | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) investing activities |
(918,904) | (4,512,943) | ||||||
|
|
|
|
|
|||||
| Cash flows from financing activities: |
||||||||
| Proceeds from subordinated borrowings |
10,000 | 33,000 | ||||||
| Repayment of subordinated borrowings |
(30,000) | (33,000) | ||||||
| Proceeds from issuance of subordinated bonds and bonds with stock acquisition rights |
971,660 | 626,442 | ||||||
| Redemption of subordinated bonds and bonds with stock acquisition rights |
— | (437,067) | ||||||
| Dividends paid |
(348,010) | (412,120) | ||||||
| Dividends paid to non-controlling stockholders |
(9,004) | (5,956) | ||||||
| Purchases of treasury stock |
(211,434) | (251,629) | ||||||
| Proceeds from disposal of treasury stock |
216 | 181 | ||||||
| Proceeds from sale of treasury stock of subsidiaries |
4 | 0 | ||||||
| Purchase of stocks of subsidiaries not resulting in change in scope of consolidation |
(102,737) | — | ||||||
|
|
|
|
|
|||||
| Net cash provided by (used in) financing activities |
280,693 | (480,149) | ||||||
|
|
|
|
|
|||||
| Effect of exchange rate changes on cash and cash equivalents |
511,430 | (48,027) | ||||||
|
|
|
|
|
|||||
| Net change in cash and cash equivalents |
516,081 | (192,656) | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at the beginning of the fiscal year |
65,864,248 | 66,380,330 | ||||||
|
|
|
|
|
|||||
| Cash and cash equivalents at the end of the fiscal year |
¥ | 66,380,330 | ¥ | 66,187,674 | ||||
|
|
|
|
|
|||||
|
|
|
|
|
|||||
- 6 -