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sumitomo mitsui financial gr (8316) Details

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides various banking and financial services. Its Commercial Banking segment offers deposits; loans, including syndicated loans, commitment lines, structured finance, and nonrecourse loans, as well as settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services for listed and mid-sized companies; and personal bank accounts, ordinary deposits, time deposits, foreign currency deposits, housing loans, investment trusts, pension-type insurance products, and life insurance products for individuals. This segment also provides international banking services, such as loans, deposits, clearing services, trade finance, project finance, loan syndication, and cash management services; and services related to money, foreign exchange, securities, and derivative markets. As of March 31, 2016, it had 440 branch offices in japan; 17 branches, 17 sub-branches, and 5 representative offices internationally; and 53,284 ATMs. The company’s Leasing segment offers various leasing services comprising equipment, operating, leveraged, aircraft, small-ticket, and automotive leasing. Its Securities segment provides financial products, investment consultation, and administration services to individual and corporate customers, as well as debt and equity underwriting, and M&A advisory services for corporate customers. The company’s Consumer Finance segment offers credit cards, and related settlement and financing services; installments, such as shopping credit and automobile loans; collection and factoring services; and unsecured loans and loan guarantees to individuals. Sumitomo Mitsui Financial Group, Inc. also provides system development, data processing, management consulting, and economic research services; and system engineering and information services, as well engages in venture capital business. The company is headquartered in Tokyo, Japan.

sumitomo mitsui financial gr (8316) Top Compensated Officers

President and Representative Director
Total Annual Compensation: ¥113.0M
Director, Chief Executive Officer of Sumitomo...
Total Annual Compensation: ¥113.0M
Compensation as of Fiscal Year 2016.
sumitomo mitsui financial gr
Sumitomo Mitsui Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016

Sumitomo Mitsui Financial Group, Inc. reported unaudited consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported interest income of $924,563 million against $919,910 million a year ago. Net interest income was $699,611 million against $710,987 million a year ago. Net fee and commission income was $416,971 million against $437,865 million a year ago. Total operating income was $1,906,233 million against $1,739,083 million a year ago. Net operating income was $1,787,662 million against $1,671,803 million a year ago. Profit before tax was $761,082 million against $685,876 million a year ago. Profit attributable to shareholders of the company was $506,104 million against $444,452 million a year ago. Diluted earnings per share was $369.90 against $324.86 a year ago. Net cash and cash equivalents used in operating activities was $4,511,457 million against net cash and cash equivalents provided by operating activities of $2,382,298 million a year ago. Purchases of financial assets at fair value through profit or loss and available-for-sale financial assets were $11,313,448 million against $10,540,388 a year ago. Purchases of property, plant and equipment and investment properties were $206,222 million against $218,849 million a year ago. Purchases of intangible assets were $71,028 million against $75,099 million a year ago.

Sumitomo Mitsui Financial Group, Inc. Announces Board Changes

Sumitomo Mitsui Financial Group, Inc. announced the change of Directors, including Representative Directors, with effect from April 1, 2017. Over the past months, SMFG, through its Nomination Committee, established as an internal committee of the Board of Directors and chaired by Yoshinori Yokoyama, independent outside director, has carefully examined candidates nominated by incumbent senior management. The Committee has also considered the credentials and expectations which SMFG’s future senior management should meet, whilst exploring a fair and transparent nomination process. The company is currently preparing for its new medium-term management plan to be launched in April 2017 as well as the transformation into a Company with three Committees from the current Company with a Board of Corporate Auditors in June 2017, subject to approval at its ordinary general meeting of shareholders. In order to accelerate the preparation under new senior management, the Board of Directors of SMFG approved the change of Directors, on which the Nomination Committee also extended its agreement, as follows: with effect from December 16, 2016, the company appoints Makoto Takashima as Director (Member of the Board) and Senior Managing Director from the current position of Senior Managing Director. With effect from April 1, 2017, the company appoints Teisuke Kitayama as Director from the current position of Chairman of the Board; Takeshi Kunibe as Director from the current position of President (Representative Director); Koichi Miyata as Chairman of the Board from the current position of Director; Makoto Takashima as President (Representative Director) from the current position of Director (Member of the Board)  and Senior Managing Director. Takeshi Kunibe is President, Sumitomo Mitsui Banking Corporation in April 2011. Makoto Takashima is Senior Managing Director, Member of the Board of Directors, Sumitomo Mitsui Banking Corporation in December 2016.

Sumitomo Mitsui Financial Group, Inc. Reports Consolidated and Non Consolidated Earnings Results for Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017

Sumitomo Mitsui Financial Group, Inc. reported consolidated and non-consolidated earnings results for six months ended September 30, 2016. For the period, on consolidated basis interest income of ¥906,411 million, ordinary profit of ¥514,251 million, income before income taxes of ¥541,066 million, profit attributable to owners of parent of ¥359,198 million, net cash used in operating activities of ¥3,070,361 million, purchases of tangible fixed assets of ¥205,601 million, purchases of intangible fixed assets of ¥71,035 million compared to the interest income of ¥992,325 million, ordinary profit of ¥631,824 million, income before income taxes of ¥630,832 million, profit attributable to owners of parent of ¥359,198 million, net cash provided by operating activities of ¥3,008,207 million, purchases of tangible fixed assets of ¥220,158 million, purchases of intangible fixed assets of ¥75,101 million for the same period a year ago. For the period on non-consolidated basis total operating income of ¥267,153 million, ordinary profit of ¥236,707 million, income before income taxes of ¥230,433 million, net income of ¥230,431 million, operating profit of ¥236,707 million, compared to the total operating income of ¥367,827 million, ordinary profit of ¥343,718 million, income before income taxes of ¥343,718 million, net income of ¥343,716 million, operating profit of ¥350,173 million for the same period a year ago. For fiscal year ending March 31, 2017, the company expected ordinary profit of ¥960,000 million and Profit attributable to owners of parent of ¥700,000 million.

 

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Valuation 8316 Industry Range
Price/Earnings 8.8x
Price/Sales 1.3x
Price/Book 0.6x
Price/Cash Flow 9.1x
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