Sumitomo Mitsui Financial Group, Inc.

 

 

Differences between the earnings forecasts and the results for the fiscal year ended March 31, 2009

 

 

TOKYO , May 15, 2009 --- Sumitomo Mitsui Financial Group, Inc. (“SMFG”) announces differences between the earnings forecasts and the actual results for the fiscal year ended March 31, 2009.

 

1. Differences between the earnings forecasts and the results for the year ended March 31, 2009

 

(Billions of yen, except percentages)

		Ordinary income	Ordinary profit	Net income (loss)
Previous forecast (*)	(A)	¥ 3,700.0	¥ 30.0	¥ (390.0)
Results	(B)	3,552.8	45.3	(373.5)
Change	(B – A)	(147.2)	+ 15.3	+ 16.5
Percentage change	(%)	(4.0)	+ 51.0	–
Results for the fiscal year ended March 31, 2008		4,623.5	831.2	461.5

(*) Announced in April 9, 2009

 

2. The reason for the difference

The difference is mainly attributable to an increase in the banking profit of Sumitomo Mitsui Banking Corporation, a consolidated subsidiary of SMFG, compared to the forecast amount announced on April 9, 2009.