Sumitomo Mitsui Financial Group (SMFG) reported net profit of JPY 1.18 trillion for the fiscal year ended 31 March 2025, the highest annual profit recorded in the group's history and representing an increase of approximately 22% from the JPY 963 billion earned in the prior fiscal year, the group announced on 14 May 2025. The result was equivalent to approximately USD 8.1 billion.
SMFG attributed the record outturn to higher income from loans and deposits both in Japan and overseas, strong wealth management, payment and consumer finance businesses, and higher domestic wholesale fees.
GROSS PROFIT GROWTH AND DOMESTIC BUSINESS PERFORMANCE
Consolidated gross profit rose by JPY 387.9 billion to JPY 4,126.7 billion in the year to March 2025, with the Retail Business Unit contributing JPY 1,377 billion.
FY2026 PROFIT GUIDANCE SET AT JPY 1.3 TRILLION
Management set out a fiscal 2026 net profit target of JPY 1.3 trillion.