Sumitomo Mitsui Financial Group, Inc. SMFG

FinancialsBanking ServicesJapan

Last close 23.88 USD on Nov 3, 2026, +25.4% year to date

Quant rating

Quant rating C Rank 141 of 304 in Financials

Growth C 200 of 304
Valuation C 163 of 304
Quality D 222 of 304
Revisions B 106 of 304
Momentum B 74 of 304

Wall Street consensus Average target 15.76 USD −34.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 152.3B
Enterprise value: 84.1B
52-week range: 15.95 – 27.61
3-year range: 9.05 – 27.61
Dividend yield: 2.47%
Beta (5 years): 0.55
Shares outstanding: 7,602M
Next earnings: Nov 12, 2026

About the company

Sumitomo Mitsui Financial Group Inc is a Japan-based company mainly engaged in businesses related to financial services, centering on banking, leasing, securities, consumer finance, and system development and information processing. The Company consists of five business segments. The Wholesale Business segment provides services to large domestic corporations as well as small and medium-sized enterprises. The Retail business segment serves retail customers in Japan. The Global Business segment serves Japanese and non-Japanese clients overseas. The Market Business segment provides services for financial markets. The Headquarters Administration Business segment provides services that do not belong to any of the above business segments.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	45,522	46,206	41,065	28,464	15,683	–
Revenue growth	−1.5%	12.5%	44.3%	81.5%	−6.3%	22.2%
EPS (basic, normalized)	2.70	2.09	1.81	1.62	1.62	–
EPS growth	29.1%	15.6%	11.5%	−0.1%	31.5%	16.9%
Gross margin	–	–	–	–	–	–
Net margin	21.9%	17.0%	15.5%	21.3%	37.0%	22.6%
ROE	–	7.9%	9.2%	6.5%	1.0%	6.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	157,826
Net debt (mil)	–
Total equity (mil)	99,049
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2026 actual	45,522	−1.5%	1.8x	–	–	–	1.64	+38.2%	14.6x
2027	–	–	–	–	–	–	1.90	+15.9%	12.6x
2028	–	–	–	–	–	–	1.09	−42.6%	21.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	–	–	–	–	1.90	0.0%	+5.0%	+14.5%
2028	–	–	–	–	1.09	0.0%	−46.3%	–
2029	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	0.17	0.36	0.36	0.41	0.04	0.41	0.59	0.47	0.19	0.49
EPS mean	0.13	0.30	0.10	0.12	0.07	0.35	0.41	0.39	0.11	0.44
Surprise	+34.6%	+21.0%	+264.0%	+245.0%	−35.7%	+15.7%	+43.4%	+20.0%	+71.8%	+12.5%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
SMFG Sumitomo Mitsui Financial Group, Inc.	152.3B	–	21.9%	1.73x	12.6x	21.9x	–	–
8306 Mitsubishi UFJ Financial Group, Inc.	254.9B	14.9%	27.8%	1.94x	13.4x	12.1x	1.6x	1.5x
601988 Bank of China Ltd	310.7B	13.9%	22.9%	1.29x	9.1x	8.6x	0.8x	0.7x
RY Royal Bank of Canada	283.0B	–	19.1%	1.45x	17.1x	15.6x	2.9x	2.7x
HSBA HSBC Holdings PLC	288.9B	16.3%	21.6%	1.95x	10.0x	9.1x	1.6x	1.5x
TD The Toronto-Dominion Bank	205.5B	–	22.8%	1.37x	17.2x	15.5x	2.5x	2.4x
Mean		15.0%	22.7%	1.62x	13.2x	13.8x	1.9x	1.8x
Median		14.9%	22.4%	1.59x	13.0x	13.8x	1.6x	1.5x

Technical analysis

1M−6.0%
3M−5.4%
1Y+48.2%
3Y+159.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Sumitomo Mitsui Financial Group, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Interest income	45,522	46,206	41,065	28,464	15,683	16,739
Total interest expense	28,386	30,613	28,636	15,528	3,124	4,678
Net interest income	17,136	15,593	12,429	12,936	12,559	12,062
Loan loss provision	2,141	2,019	1,620	1,299	2,022	3,057
Net interest income after loan loss provision	14,995	13,574	10,809	11,637	10,537	9,004
Non-interest income	22,350	21,560	20,695	17,687	18,012	18,481
Non-interest expense	−23,157	−23,798	−22,632	−21,052	−20,908	−21,413
Net income before taxes	14,188	11,337	8,872	8,272	7,641	6,073
Provision for taxes	4,202	3,422	2,470	2,125	1,763	1,412
Minority interest & equity in affiliates	−11.6	−59.2	−37.9	−78.9	−69.2	−27.8
Other	0	0	0	0	0	0
Net income before extraordinary items	9,974	7,856	6,364	6,069	5,808	4,632
Extraordinary items	–	–	–	–	–	–
Net income	9,974	7,856	6,364	6,069	5,808	4,632
Basic weighted average shares (mil)	3,842	3,906	3,987	4,094	4,112	4,111
Diluted weighted average shares (mil)	3,843	3,907	3,988	4,096	4,114	4,113
Basic EPS excluding extraordinary items	2.60	2.01	1.60	1.48	1.41	1.13
Basic EPS, normalized	2.70	2.09	1.81	1.62	1.62	1.23

Balance sheet in millions of USD, fiscal years

Balance sheet, Sumitomo Mitsui Financial Group, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & due from banks	464,350	504,105	516,444	571,684	614,763	655,545
Other earning assets	720,242	677,597	598,896	593,854	643,257	659,073
Net loans	734,810	734,980	701,846	735,400	739,900	763,087
Property, plant & equipment	6,771	6,713	6,654	11,255	11,978	13,180
Goodwill	1,527	1,534	1,777	2,088	2,636	1,333
Intangibles	5,725	5,250	4,678	4,673	4,752	5,341
Long-term investments	10,957	12,048	11,662	10,156	9,756	8,687
Other long-term assets	8,879	7,059	6,511	5,864	5,670	5,378
Other assets	116,622	93,274	102,736	101,537	85,524	79,742
Total assets	2,069,883	2,042,561	1,951,204	2,036,513	2,118,236	2,191,367
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	959	906	792	750	772	849
Total deposits	1,268,612	1,258,246	1,186,383	1,293,741	1,328,746	1,396,538
Other bearing liabilities	107,323	100,966	98,272	103,124	96,352	90,139
Short-term borrowings	221,186	257,334	210,903	207,217	230,476	229,599
Current portion of long-term debt	65.6	70.9	68.5	68.7	65.4	71.2
Long-term debt	156,027	164,916	184,049	181,186	235,962	241,587
Minority interest	927	916	918	825	803	640
Other liabilities	215,318	161,145	172,923	154,102	125,604	125,095
Total liabilities	1,970,418	1,944,500	1,854,310	1,941,012	2,018,781	2,084,518
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	14,787	15,645	15,492	17,641	19,249	21,150
Additional paid-in capital	3,673	4,078	4,032	5,227	5,702	6,262
Retained earnings (accumulated deficit)	55,899	55,291	51,843	55,913	56,863	58,666
Treasury stock	−308	−257	−1,108	−1,143	−110	−124
Other equity	25,414	23,304	26,635	17,863	17,751	20,895
Total equity	99,465	98,061	96,894	95,501	99,455	106,849
Total liabilities & shareholders' equity	2,069,883	2,042,561	1,951,204	2,036,513	2,118,236	2,191,367

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Sumitomo Mitsui Financial Group, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	14,188	11,337	8,872	8,272	7,641	6,073
Depreciation, depletion & amortization	1,834	1,872	1,937	2,018	1,988	2,052
Deferred taxes	–	–	–	–	–	–
Non-cash items	−22,748	−14,567	−18,754	−17,977	−17,285	−15,390
Changes in working capital	−58,066	33,692	12,194	−36,708	20,358	177,057
Cash from operations	−64,792	32,334	4,249	−44,395	12,703	169,792
Investing activities
Capital expenditures	−3,009	−2,447	−2,590	−2,253	−2,369	−2,933
Other investing cash flows	23,513	−27,649	−3,483	46,918	−17,414	−66,442
Cash from investing	20,504	−30,096	−6,073	44,665	−19,783	−69,376
Financing activities
Financing cash flow items	−23.3	−39.7	−739	−12.6	−4.2	−10.3
Cash dividends paid	−3,403	−2,748	−2,300	−2,271	−2,253	−2,413
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	3,134	−414	4,894	−410	−1,732	−2,659
Cash from financing	−292	−3,202	1,855	−2,694	−3,989	−5,082
Foreign exchange effects	2,012	−320	3,380	2,666	3,021	1,445
Net change in cash	−42,568	−1,285	3,411	242	−8,048	96,779
Free cash flow	−67,801	29,887	1,659	−46,647	10,334	166,859

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.