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Sumitomo Mitsui Financial Group
(8316)
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Rating:68Neutral
Price Target:
¥7,596.00
▲(6.07% Upside)
Action:Downgraded
Date:08/17/26
The score is driven primarily by improved financial performance (strong revenue/earnings growth and better margins/ROE), tempered by balance-sheet leverage and historical cash-flow volatility. Technicals add support due to an established uptrend and healthy (not overbought) momentum, while valuation is moderate with a mid-range P/E and a modest dividend yield.
Positive Factors
Strong revenue and earnings growth
Material expansion in revenue and net income indicates stronger operating scale and customer activity. Sustained growth can improve earnings capacity and support investment across SMFG's diversified banking and financial-services platform.
Negative Factors
Elevated balance-sheet leverage
High leverage is structural to banking but reduces financial flexibility and magnifies sensitivity to credit losses, funding pressure, and asset-quality deterioration. Stress in these areas could constrain growth and capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and earnings growth
Material expansion in revenue and net income indicates stronger operating scale and customer activity. Sustained growth can improve earnings capacity and support investment across SMFG's diversified banking and financial-services platform.
Read all positive factors
Sumitomo Mitsui Financial Group (8316) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥25.52T
Dividend Yield2.31%
Average Volume (3M)11.61M
Price to Earnings (P/E)15.3
Beta (1Y)1.29
Revenue Growth10.65%
EPS Growth46.42%
CountryJP
Employees123,000
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)446.25
Shares Outstanding3,801,125,000
10 Day Avg. Volume12,491,479
30 Day Avg. Volume11,612,370
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)1.22
Price to Sales (P/S)1.88
P/FCF Ratio2.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,480.00Price Target Upside4.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)476.34
Revenue Forecast (FY)¥5.35T
Sumitomo Mitsui Financial Group Business Overview & Revenue Model
Company Description
Sumitomo Mitsui Financial Group, Inc. (SMFG), established in 2002 and headquartered in Tokyo, Japan, is a global financial services conglomerate. It provides a wide array of offerings, including commercial banking, leasing, securities, and consume...
How the Company Makes Money
SMFG primarily makes money by earning spread-based and fee-based income across its banking and financial services businesses. A major revenue driver is net interest income: the group collects interest on loans and other interest-earning assets (su...
Sumitomo Mitsui Financial Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.47T | 10.21T | 9.66T | 8.77T | 5.78T | 3.80T |
| Gross Profit | 5.77T | 5.54T | 4.72T | 4.16T | 3.51T | 3.15T |
| EBITDA | 2.46T | 2.54T | 1.98T | 1.64T | 1.37T | 1.17T |
| Net Income | 1.71T | 1.58T | 1.18T | 962.95B | 805.84B | 706.63B |
Balance Sheet | ||||||
| Total Assets | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Cash, Cash Equivalents and Short-Term Investments | 71.50T | 90.44T | 75.59T | 78.14T | 75.91T | 74.79T |
| Total Debt | 59.16T | 58.41T | 58.30T | 53.88T | 46.16T | 51.48T |
| Total Liabilities | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> | 10.00T> |
| Stockholders Equity | 16.10T | 15.79T | 14.70T | 14.66T | 12.68T | 12.10T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.93T | 4.60T | 4.72T | -6.19T | 414.72B |
| Operating Cash Flow | 0.00 | 7.11T | 4.97T | 4.86T | -5.90T | 507.31B |
| Investing Cash Flow | 0.00 | -20.66T | -4.51T | -15.80T | 5.93T | -10.73T |
| Financing Cash Flow | 0.00 | 6.44T | -480.15B | 10.52T | -357.78B | 8.88T |
Sumitomo Mitsui Financial Group Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥40.02T | 15.17 | 11.49% | 2.29% | 11.03% | 48.61% | |
68 Neutral | ¥25.52T | 15.31 | 10.37% | 2.19% | 10.65% | 46.42% | |
68 Neutral | ¥20.27T | 14.90 | 11.34% | 1.68% | 5.93% | 59.55% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥5.63T | 20.78 | 9.00% | 1.23% | 17.19% | 19.44% | |
64 Neutral | ¥4.61T | 0.33 | 404.11% | 3.19% | 6.38% | 8.32% | |
58 Neutral | ¥11.59T | 19.72 | 5.71% | 2.17% | 39.22% | 43.01% |
* Financial Sector Average
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Sumitomo Mitsui Financial Group Corporate Events
Sumitomo Mitsui Financial Group Strengthens Capital Ratios as of June 2026
Aug 14, 2026
Sumitomo Mitsui Financial Group reported solid capital ratios as of June 30, 2026 on a consolidated basis, with a total capital ratio of 16.24%, Tier 1 ratio of 15.04%, and common equity Tier 1 ratio of 12.63%, all modestly higher than at March 31...
Sumitomo Mitsui Financial Group Adjusts Share Figures Following Treasury Share Cancellation
Aug 3, 2026
Sumitomo Mitsui Financial Group has updated disclosed figures related to its previously announced stock split following the cancellation of a portion of its treasury shares under Article 178 of the Companies Act. The board had resolved the cancell...
SMFG Completes ¥180 Billion Share Buyback and Sets August Share Cancellation
Aug 3, 2026
Sumitomo Mitsui Financial Group has completed a share repurchase program authorized by its board in May 2026, buying back a total of 28,018,600 common shares for approximately JPY 180 billion through market purchases. The latest tranche, executed ...
SMFG Delivers Strong Q1 Earnings and Confirms Outlook Ahead of Stock Split
Jul 31, 2026
Sumitomo Mitsui Financial Group reported a strong start to fiscal 2026, with ordinary income rising 16.6% year-on-year to ¥2.85 trillion and profit attributable to owners of parent jumping 33.0% to ¥501.4 billion, lifting diluted earning...
SMFG Tweaks Share Count Ahead of Stock Split After Restricted Stock Issuance
Jul 6, 2026
Sumitomo Mitsui Financial Group has adjusted the disclosed share figures related to its upcoming stock split following the Board’s decision to issue new common shares under a restricted stock compensation plan. The issuance, finalized for Ju...
Sumitomo Mitsui Financial Group Advances Large-Scale Share Buyback Program
Jul 1, 2026
Sumitomo Mitsui Financial Group reported progress on its ongoing share repurchase program, buying back 12,175,400 common shares for approximately JPY 76.1 billion between June 1 and June 30, 2026 through market purchases under a discretionary deal...
Sumitomo Mitsui Files IFRS-Based Form 20-F as Assets and Equity Rise
Jun 28, 2026
Sumitomo Mitsui Financial Group has filed its annual report on Form 20-F with the U.S. Securities and Exchange Commission, reinforcing its compliance with U.S. disclosure standards as a foreign issuer. The report, which includes consolidated finan...
Sumitomo Mitsui Financial Group Reports Progress on Share Buyback Program
Jun 1, 2026
Sumitomo Mitsui Financial Group has disclosed the progress of its ongoing share repurchase program, buying back 5,439,500 shares of common stock for a total of ¥32.39 billion between May 14 and May 31, 2026, through market purchases under a d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.