Investor Presentaiton
FY3/2022 financial results
VS.
FY3/22
YOY
(JPY bn)
Target
1 Consolidated gross profit
2,945.5
+139.3
G&A expenses
1,821.1
+74.0
2
Overhead ratio
61.8%
(0.5)%
Equity in gains (losses)
3
28.5
+3.5
of affiliates
Consolidated
4
1,152.9
+68.9
+32.9
net business profit
5 Total credit cost
274.4
(86.1) +74.4
6 Gains (losses) on stocks
209.1
+116.5
7 Other income (expenses)
(46.9)
+58.1
8 Ordinary profit
1,040.6
+329.6
+60.6
9 Extraordinary gains (losses)
(111.0)
(72.3)
10 Income taxes
214.5
+58.2
Profit attributable to
11
706.6
+193.8
+36.6
owners of parent
12 ROE
7.3%
+1.9%
Consolidated gross profit: increased YoY due to strong
performance of RT, WS and GB Business Units, despite lower
gains on sales of bonds in GM Business Unit.
Impact of SMBC Nikko case: approx. JPY (10) bn.
G&A expenses: increased YoY due mainly to business recovery
from COVID-19, as well as higher variable marketing costs of
SMCC, which successfully increased its number of new
customers.
● Equity in gains of affiliates: increased YoY due mainly to
business recovery in affiliates in Asia.
Impairment of aircraft at SMBCAC: JPY 47 bn
Total credit cost: JPY 75 bn of reserve for exposure to Russia
including forward-looking provisions.
Gains on stocks: increased YoY due to higher gains on sales of
strategic shareholdings (JPY 162 bn, YoY JPY 97 bn)
Other income: increased YoY due to the absence of loss from
forward dealings recorded in FY3/21.
Allowance on interest repayment: JPY 32 bn, YoY JPY (7) bn
Extraordinary losses: recorded impairment of branches and
software at SMBC and SMBC Trust, as well as freight cars at
SMBC Rail Services.
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