Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025

Its return on equity is expected to rise to 9% to 10% in the next five years.

Sumitomo Mitsui Financial Group reported a profit attributable to owners of $8.12b (JPY1.18t) for the fiscal year that ended on 31 March 2025— a 22.3% increase compared to the previous year.

This is the first time that SMFG’s annual profit has exceeded 1 trillion yen, according to Morningstar Asia.

Earnings per share is JPY301.55, and JPY301.48 diluted.

Ordinary income was $69.96b (JPY10.17t), an 8.8% rise compared to the previous year.

Total assets are $2.1t (JPY306.28), higher than the $2.03t (JPY295.23t) the previous year.

Return on equity is 8%. 

Morningstar expects the bank's ROE to improve in the coming years, despite headwinds from tariff-related uncertainty. SMFG also guided for an 8.7% ROE for this fiscal year.

“We forecast 9%-10% over the next five years, supported by gains from sales of long-held equities,” Morningstar Asia said.

SMFG expects its net profit to rise 10.4% to JPY1.3t for the fiscal year ending in March 2026, and earnings per share to be JPY338.19.

(US$1 = JPY145.35; as of 16 May 2025, Google)