SMBC’s profits down 1.5% to $2.5b in Q1 FY3/2026

Net interest income rose, but net trading and other operating income declined.

Sumitomo Mitsui Banking Corporation (SMBC)’s profit attributable to owners of the parent rose to $2.5b (JPY376.89b) in the three-month period ending 30 June 2025, its latest financial results showed.

Earnings per share (diluted) is JPY97.44 for the period, higher than the JPY94.34 a year earlier.

Ordinary income is $16.21b (JPY2.44t), a 3.1% decline compared to a year earlier. Ordinary profit is 7.2% lower at JPY483.34b.

Gross banking profit rose 59% to $3.84b (JPY578.5b), led by net interest income (NII) rising 97.7% to JPY416.1b.

Net interest income increased due to growth in domestic loans, improved margins, and policy rate hikes, SMBC said.

In contrast, net trading and other operating income decreased 43.2% to JPY29.7b, due to a struggle during the market turmoil in April, the bank said.

As of 30 June 2025, total assets are JPY298.92t, lower than the JPY306.28 on 31 March 2025.

The anticipated negative impact of JPY100b from US tariffs has not yet materialised, according to SMBC.

(US$1 = JPY150.53; as of 1 August 2025, Google, from Morningstar)