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ブックメーカー野球 Revision of Earnings and Dividends Forecasts for Fiscal Year Ended March 31, 2013(1/1)


 

 
 

 

 


Sumitomo Mitsui Financial Group, Inc.

                                        

Revision of Earnings and Dividends Forecasts for Fiscal Year Ended March 31, 2013

 

 

TOKYO, April 26, 2013 --- Sumitomo Mitsui Financial Group, Inc. (“SMFG”) announces revisions of earnings ブックメーカー野球 and dividends ブックメーカー野球 on common stock for the fiscal year ended March 31, 2013, which were announced in November 2012.

 

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)

(Billions of yen)

 

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.)

 





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