, Japan
Photo from Freepik

Sumitomo Mitsui’s 2023 profit jumps more than three-fourths of the way

Net profit for 2023 was Y52.2t, versus the Y29.7t the previous year.

Sumitomo Mitsui Finance and Leasing saw its fiscal year-ended 31 March net profit at Y52.2t, 75.8% higher than the previous year.

This was aggravated by the higher total revenues of Y2.2t, or 18.7% higher on a year-on-year (YoY) basis.

Cost and expenses reduced the total with Y1.9t, which was also 18.7% larger YoY. Gross profit was at Y263.5b or an 18.9% YoY.

ALSO READ: Sumitomo Mitsui Banking Corporation’s net profit up to $9.34b for FY2022

Meanwhile, total liabilities also jumped 19.1% to Y8.1t whilst total assets saw an increase of 18.6% to Y9.2t.


Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Bank DBS Indonesia avails fast, reliable and sustainable corporate banking
Its ESG-based bank financing, as reflected in sales and asset under management, proves to be an IDR1.8t (US$117m) success.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Digibank by DBS sets new digital banking standards
Apart from speed and convenience, DBS stays ahead with exceptional personalisation, open banking, and enhanced security.