Sumitomo Mitsui Financial : Finnancial Results FY 3/2021 Supplementary Information
May 14, 2021 at 03:28 pm
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Sumitomo Mitsui Financial Group
1. Income analysis
Consolidated
(Millions of yen)
FY3/2021
Change
FY3/2020
Consolidated gross profit
1
2,806,187
37,600
2,768,587
Net interest income
2
1,335,216
28,288
1,306,928
Trust fees
3
4,895
194
4,701
Net fees and commissions
4
1,094,021
10,671
1,083,350
Net trading income
5
199,647
(63,179)
262,826
Net other operating income
6
172,406
61,627
110,779
General and administrative expenses
7
(1,747,144)
(7,541)
(1,739,603)
Equity in gains (losses) of affiliates
8
24,972
(31,079)
56,051
Consolidated net business profit
9
1,084,015
(1,019)
1,085,034
Total credit cost
10
(360,520)
(189,871)
(170,649)
Credit costs
11
(373,371)
(190,307)
(183,064)
Write-off of loans
12
(117,415)
(12,108)
(105,307)
Provision for reserve for possible loan losses
13
(233,875)
(163,304)
(70,571)
Others
14
(22,080)
(14,894)
(7,186)
Recoveries of written-off claims
15
12,850
436
12,414
Gains (losses) on stocks
16
92,556
12,072
80,484
Other income (expenses)
17
(105,032)
(42,228)
(62,804)
Ordinary profit
18
711,018
(221,046)
932,064
Extraordinary gains (losses)
19
(38,781)
4,637
(43,418)
Gains (losses) on disposal of fixed assets
20
4,096
4,150
(54)
Losses on impairment of fixed assets
21
(42,525)
22,581
(65,106)
Gains on step acquisitions
22
404
(21,636)
22,040
Income before income taxes
23
672,237
(216,409)
888,646
Income taxes - current
24
(225,523)
(11,997)
(213,526)
Income taxes - deferred
25
69,177
23,335
45,842
Profit
26
515,890
(205,072)
720,962
Profit attributable to non-controlling interests
27
(3,077)
14,001
(17,078)
Profit attributable to owners of parent
28
512,812
(191,071)
703,883
Notes: 1. Amounts less than 1 million yen are rounded down. Figures in parenthesis indicate the amount of loss or decrease.
Consolidated gross profit = (Interest income - Interest expenses) + Trust fees + (Fees and commissions - Fees and commissions payments) + (Trading income - Trading losses) + (Other operating income - Other operating expenses)
The Company changed the recognition of installment-sales-related income and installment-sales-related expenses from the fiscal year ended March 31, 2021 and the change in accounting policies is applied retroactively for the year ended March 31, 2020.
As a result, comparing before and after the retroactive application, Net interest income increased by 30,335 million yen, and Net other operating income decreased by 30,335 million yen.
Number of consolidated subsidiaries and affiliates
Mar. 31, 2021
Change
Mar. 31, 2020
Consolidated subsidiaries
29
177
3
174
Equity method affiliates
30
98
(3)
101
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Sumitomo Mitsui Financial Group Inc. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 14:27:47 UTC.
Sumitomo Mitsui Financial Group, Inc. is one of the Japanese largest financial services groups. The group's activity is organized around 3 areas:
- bank: retail bank, business bank, financing and investment bank, assets management, etc.;
- issuance of credit cards;
- leasing services.