Sumitomo Mitsui Financial Group reports 2017 annual financial results

Operating results

Consolidated financial position as of March 31, 2018

Total assets as of March 31, 2018 were ¥ 199,049.1 billion, a year-on-year increase of ¥ 1,257.5 billion. As for major account balances, loans and bills discounted decreased by ¥ 7,291.4 billion to ¥ 72,945.9 billion year-on-year and deposits decreased by ¥ 1,352.7 billion to ¥ 116,477.5 billion year-on-year.

Net assets were ¥ 11,612.9 billion, a year-on-year increase of ¥ 378.6 billion. Stockholders’ equity within net assets was ¥ 8,637.0 billion, a year-on-year increase of ¥ 518.0 billion due to the contribution of profit attributable to owners of parent and the payment of cash dividends.

Sumitomo Mitsui Financial Group, Inc. generated ¥ 9,342.8 billion in cash flows from operating activities including interest received and paid, net changes in loans and bills discounted and deposits, a year-on-year increase in cash flows of ¥ 4,828.4 billion, and used ¥ 3,395.3 billion in cash flows from investing activities including purchases and sale of, securities
and tangible fixed assets, a year-on-year decrease in cash flows of ¥ 3,976.6 billion, and used ¥ 350.5 billion in cash flows from financing activities including issuance of subordinated borrowings, a year-on-year decrease in cash flows of ¥ 183.9 billion. Consequently, cash and cash equivalents amounted to ¥ 47,983.1 billion, a year-on-year increase of ¥ 5,504.7 billion.

Re-disseminated by The Asian Banker

Diary of Activities
FutureWealth UK Study Tour 2018
05 - 08 November 2018 | United Kingdom
Wealth & Society 2018
08 November 2018 | United Kingdom
The Future of Finance, Vietnam 2019
10 January 2019 | Vietnam
Dubai Innovation Tour 2019
18 - 21 March 2019 | UAE