SMFG logs record profit of $10.02b in FY3/2026

The Japanese megabank aims for a $10.7b net profit for FY3/2027.

Sumitomo Mitsui Financial Group (SMFG) logged record-high profits for FY3/2026, or the full-year period ending 31 March 2027.

Profit attributable to owners of the company rose 34.4% year-on-year (YoY) to $10.02b (JPY1.58t), its consolidated financial results showed. Return on equity (ROE) is 10.4%.

SMFG attributed this to its strong core business in Japan.

Japan's big three banks have been expected to log record high profits thanks to the Bank of Japan’s monetary policy normalisation boosts their margins. 

However, the three megabanks may face credit risk as the outlook for the Middle East war remains uncertain, said S&P Global Market Intelligence.

SMFG's earnings per share is JPY411.97 for the whole year, and JPY411.88 diluted.

Annual cash dividend per share is JPY157 for the fiscal year ended March.

For FY3/2027 ending in March 2027, SMFG is aiming for a net income of $10.7b (JPY1.7t), even as the bank says that it is closely monitoring the uncertain environment.

SMFG also forecasts a DPS Of JPY180 for FY3/2027, with a dividend payout ratio of 40%.

(US$1 = JPY157.79)