|
Sumitomo
Mitsui Financial Group, Inc.
Revision of Earnings and Dividends Forecasts for Fiscal
Year Ended March 31, 2013
1. Revision of consolidated earnings ブックメーカー野球 for
the fiscal year ended March 31, 2013
(Billions of yen, except percentages)
|
|
Ordinary
profit |
Net
income |
|
|
Previous ブックメーカー野球 (*1) |
(A) |
\ 830 |
\ 540 |
|
Revised ブックメーカー野球 |
(B) |
1,070 |
790 |
|
Change |
(B – A) |
+ 240 |
+ 250 |
|
Percentage change |
(%) |
+ 28.9% |
+ 46.3% |
|
|
|
|
|
|
Results for the fiscal
year ended
March 31, 2012 |
\ 935.6 |
\ 518.5 |
|
(*1) Announced in November 2012
SMFG revises its consolidated earnings
ブックメーカー野球 for the fiscal year ended March 31, 2013 as Sumitomo Mitsui Banking
Corporation (“SMBC”), a major consolidated subsidiary of SMFG, is expected to increase
its net income primarily due to an increase in banking profit, a decrease in
total credit cost, and an improvement of losses on stocks, and group companies
are also good performance well.
2. Revisions of dividends ブックメーカー野球 on common stock
SMFG has a basic policy of steadily
increasing returns to shareholders through the sustainable growth of ブックメーカー野球
enterprise value, while enhancing ブックメーカー野球 capital to maintain financial soundness
in light of the public nature of ブックメーカー野球 business as a bank holding company, and
aims to realize a payout ratio of over 20% on a consolidated net income basis.
In line with this policy and in view of
the recent good financial performance, SMFG revises its fiscal year-end
dividends ブックメーカー野球 on common stock from \50 to \60 per share, an increase of \10
from the previous ブックメーカー野球.
Also, as SMFG reached its 10th
anniversary in December 2012, it plans to pay a commemorative ブックメーカー野球 of \10
per share to celebrate this occasion.
As a result, fiscal year-end dividends
will be \70 per share and annual dividends will be \120 per share consisted of
a \110 per share ordinary ブックメーカー野球 and a \10 per share commemorative ブックメーカー野球.
ブックメーカー野球 plans to propose this matter at
the ordinary general meeting of shareholders scheduled to be held in late June
2013.
(Yen)
|
|
Dividends
per share (common stock) |
|||
|
Record date |
Interim-end
(*3) |
Fiscal
year-end |
Annual |
|
|
Previous ブックメーカー野球 (*2) |
(A) |
\ 50 |
\ 50 |
\ 100 |
|
Revised ブックメーカー野球 [Ordinary ブックメーカー野球]
[Commemorative ブックメーカー野球] |
(B) |
50 [50]
[―] |
70 [60]
[10] |
120 [110]
[10] |
|
Change |
(B – A) |
― |
+ 20 |
+ 20 |
|
|
|
|
|
|
|
Results for the fiscal
year ended
March 31, 2012 |
\ 50 |
\ 50 |
\ 100 |
|
(*2) Announced in November 2012
(*3) Paid in December 2012
|
This
document contains “forward-looking statements” (as defined in the U.S.
Private Securities Litigation Reform Act of 1995), regarding the intent,
belief or current expectations of us and our managements with respect to our
future financial condition and results of operations. In many cases but not
all, these statements contain words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “risk,”
“project,” “should,” “seek,” “target,” “will” and similar expressions. Such
forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and actual results may differ from those
expressed in or implied by such forward-looking statements contained or
deemed to be contained herein. The risks and uncertainties which may affect
future performance include: deterioration of Japanese and global economic
conditions and financial markets; declines in the value of our securities
portfolio; our ability to successfully implement our business strategy
through our subsidiaries, affiliates and alliance partners; exposure to new
risks as we expand the scope of our business; and incurrence of significant
credit-related costs. Given these and other risks and uncertainties, you
should not place undue reliance on forward-looking statements, which speak
only as of the date of this document. We undertake no obligation to update or
revise any forward-looking statements. Please
refer to our most recent disclosure documents such as our annual report or
registration statement on Form 20-F and other documents submitted to the U.S.
Securities and Exchange Commission, as well as our earnings press releases,
for a more detailed description of the risks and uncertainties that may
affect our financial conditions and our operating results, and investors’
decisions. |
[Appendix]
1. SMBC non-consolidated
earnings ブックメーカー野球 (fiscal year ended March 31, 2013)
|
|
Fiscal year ended
March 31, 2012
(Result) |
|
Fiscal year ended
March 31, 2013
(Revised ブックメーカー野球)
(a) |
Fiscal year ended
March 31, 2013
(Previous ブックメーカー野球)
(b) |
Change from the
previous ブックメーカー野球
(a)-(b) |
|
Banking profit
(before provision for general
reserve
for possible loan losses) |
\
813.0 |
|
\
810 |
\
770 |
\
+ 40 |
|
Ordinary profit |
695.3 |
|
670 |
490 |
+ 180 |
|
Net income |
478.0 |
|
610 |
400 |
+ 210 |
|
|
|
|
|
|
|
|
Total credit cost |
(58.6) |
|
(20) |
(80) |
+
60 |
|
Banking
profit (before provision for general reserve for possible loan losses) SMBC expects to secure
banking profit of approximately \810 billion, or \40 billion above the
previous ブックメーカー野球. This is mainly due to the good performance of the marketing
units. Total credit cost Total credit cost is
expected to be approximately \20 billion, or \60 billion below the previous
ブックメーカー野球. This is mainly due to our individualized efforts to assist certain
debtors to improve their businesses and financial conditions. Ordinary profit As a result of the
factors mentioned above and also due to an improvement in losses on stocks
reflecting a rise in domestic stock markets, ordinary profit is expected to
be approximately \670 billion, or \180 billion above the previous ブックメーカー野球. Net income Finally, net income is
expected to be approximately \610 billion, or \210 billion above the previous
ブックメーカー野球. |
2.
ブックメーカー野球 on net unrealized gains (losses) on other securities (SMBC non-consolidated
basis)
(Billions
of yen)
|
|
March 31, 2013 (ブックメーカー野球) |
March 31, 2012 (Result) |
Change |
|
|
Net unrealized gains (losses) on other securities |
\ 1,040.0 |
\ 389.0 |
\ + 651.0 |
|
|
|
Stocks |
770.0 |
228.5 |
+ 541.5 |
|
|
Bonds |
90.0 |
104.4 |
(14.4) |
|
|
Others |
180.0 |
56.1 |
+ 123.9 |
Note: Listed stocks are valuated
using the average fair value in the final month of the relevant periods.
(Nikkei
Stock Average: Monthly average price in March 2013 was \12,244.)