KK Mitsui Sumitomo Financial Group

Latest Results (16.07.2026):

KK Mitsui Sumitomo Financial Group — Q2 FY2025 (six months ended September 30, 2024): the group reported a sharp year‑on‑year decline in net profit to ¥265,496 million (basic EPS ¥63.75) from ¥662,787 million a year earlier. The profit fall reflected a large swing to net trading losses and higher operating expenses that more than offset stronger net interest income and higher fee income; total operating income fell to ¥1,752,578 million from ¥2,147,543 million.

Net profit

Net profit for the six months ended September 30, 2024 was ¥265,496 million (¥250,215 million attributable to shareholders), down from ¥662,787 million a year earlier. Basic earnings per share (adjusted for the October 1, 2024 3‑for‑1 stock split assumption) were ¥63.75 vs ¥162.60 in the prior period.

Total operating income — main drivers

Total operating income fell 18% to ¥1,752,578 million (down ¥394,965 million). The principal driver was a deterioration in trading results (large net trading loss), partially offset by higher net interest income.

Net interest income — improved

Net interest income rose 33% to ¥1,185,018 million from ¥888,942 million, supported by higher loan yields (notably at foreign offices) and an increase in average rates on interest‑earning assets. The reported interest‑rate spread widened to 1.52% from 1.29%.

Trading and fair‑value results — significant swing

Net trading income swung to a loss of ¥179,020 million (from a gain of ¥487,524 million previously), driven by losses in foreign‑exchange and interest‑rate related trading. Net gains from financial assets at fair value and trading instruments also declined, weighing heavily on total operating income.

Fee and commission income — growth

Fee and commission income rose to ¥788,350 million (net fee income ¥637,916 million) from ¥690,715 million (net ¥571,626 million). Growth was led by securities‑related fees (wealth management/underwriting), credit‑card business volumes and investment trust fees.

Impairment and provisions

Impairment charges on financial assets decreased to ¥105,062 million from ¥130,253 million year‑on‑year, mainly reflecting lower provisions for loans and a reduction in specific large‑borrower provisions recognized in the prior period.

Expenses and operating profit

Operating expenses increased to ¥1,376,782 million (general & administrative expenses ¥1,186,749 million) from ¥1,201,604 million, driven by higher marketing and sales costs in card and securities businesses and FX translation effects. Profit before tax fell to ¥318,188 million from ¥870,972 million.

Balance sheet and capital

Total assets decreased to ¥278,196,747 million (from ¥281,271,637 million at March 31, 2024); total liabilities fell to ¥261,826,115 million and total equity rose to ¥16,370,632 million (increase of ¥91,534 million). The group remains subject to a 1% G‑SIB CET1 surcharge per the November 2024 list.

Corporate actions and other items

Key developments noted: a 3‑for‑1 stock split effective October 1, 2024 (ADS ratio adjusted), a board‑approved repurchase program (up to ¥150 billion authorized; ¥40 billion purchased in November 2024 with cancellation planned), and a management change (passing of an outside director). These items were disclosed alongside the interim financial results.