Sumitomo Mitsui Financial Group Future Growth

Future criteria checks 1/6

Sumitomo Mitsui Financial Group is forecast to grow earnings and revenue by 8.4% and 4% per annum respectively. EPS is expected to grow by 9.8% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

8.4%

Earnings growth rate

9.8%

EPS growth rate

Banks earnings growth	10.5%
Revenue growth rate	4.0%
Future return on equity	8.6%
Analyst coverage	Good
Last updated	19 Nov 2024

Recent future growth updates

Recent updates

Sumitomo Mitsui: Many Ways To Win

Oct 18

Sumitomo Mitsui: Spotlight On Above-Expectation Earnings And Positive ROE Outlook

Aug 06

Sumitomo Mitsui Financial Group Aims For Streamlined Growth And Remains Undervalued

Jun 28

Sumitomo Mitsui Financial Group: A More Favorable Outlook

Dec 25

Sumitomo Mitsui Financial GAAP EPS of ¥383.10, net interest income of ¥1533.17B

Nov 14

Sumitomo Mitsui Financial Group: Negatives Priced In, Offering Attractive Yield

Oct 02

Sumitomo Mitsui Financial to bolster U.S. presence with digital consumer banking unit

Aug 24

Sumitomo Mitsui Financial GAAP EPS of ¥184.08, revenue of ¥1.33T

Jul 29

Sumitomo Mitsui Financial Group: Block Trading Scandal And Updated Performance

Jun 29

Earnings and Revenue Growth Forecasts

NYSE:SMFG - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	4,505,117	1,315,424	N/A	N/A	7
3/31/2026	4,317,023	1,222,110	N/A	N/A	7
3/31/2025	4,043,303	1,148,213	N/A	N/A	5
9/30/2024	4,158,206	1,072,053	N/A	N/A	N/A
6/30/2024	3,754,062	996,685	N/A	N/A	N/A
3/31/2024	3,554,839	873,346	-7,247,298	-6,884,711	N/A
12/31/2023	3,906,889	938,647	N/A	N/A	N/A
9/30/2023	3,510,627	800,773	6,820,762	7,137,021	N/A
6/30/2023	3,614,394	907,408	N/A	N/A	N/A
3/31/2023	3,567,946	911,831	-15,101,843	-14,814,732	N/A
12/31/2022	3,170,425	640,799	N/A	N/A	N/A
9/30/2022	3,099,642	805,690	-21,503,902	-21,235,310	N/A
6/30/2022	2,942,811	548,769	N/A	N/A	N/A
3/31/2022	2,810,865	499,573	-1,272,728	-996,525	N/A
12/31/2021	3,153,784	878,349	N/A	N/A	N/A
9/30/2021	3,058,305	873,421	1,478,419	1,795,960	N/A
6/30/2021	2,966,750	804,631	N/A	N/A	N/A
3/31/2021	2,865,752	687,483	1,324,484	1,614,407	N/A
12/31/2020	1,597,259	23,151	N/A	N/A	N/A
9/30/2020	2,129,306	38,227	104,397	333,267	N/A
6/30/2020	2,171,148	70,420	N/A	N/A	N/A
3/31/2020	2,245,153	200,052	4,276,207	4,508,095	N/A
12/31/2019	2,108,712	514,880	N/A	N/A	N/A
9/30/2019	2,174,130	501,239	231,654	617,409	N/A
6/30/2019	2,543,342	530,575	N/A	N/A	N/A
3/31/2019	2,888,035	541,932	-2,991,820	-2,343,680	N/A
12/31/2018	3,183,675	749,755	N/A	N/A	N/A
9/30/2018	3,356,757	822,173	3,518,394	4,374,709	N/A
6/30/2018	3,304,809	745,561	N/A	N/A	N/A
3/31/2018	3,274,127	759,998	N/A	5,290,949	N/A
12/31/2017	3,299,957	739,245	N/A	N/A	N/A
9/30/2017	3,195,695	696,796	N/A	-298,720	N/A
6/30/2017	3,090,928	693,035	N/A	N/A	N/A
3/31/2017	2,973,691	627,870	N/A	-764,601	N/A
12/31/2016	4,394,688	565,124	N/A	N/A	N/A
9/30/2016	4,268,424	617,748	N/A	-9,231,864	N/A
6/30/2016	4,226,681	563,103	N/A	N/A	N/A
3/31/2016	3,376,559	846,693	N/A	-10,142,482	N/A
12/31/2015	4,430,823	697,632	N/A	N/A	N/A
9/30/2015	4,423,346	662,199	N/A	1,829,193	N/A
6/30/2015	4,507,181	790,660	N/A	N/A	N/A
3/31/2015	4,400,271	753,610	N/A	1,529,127	N/A
12/31/2014	4,240,465	812,872	N/A	N/A	N/A
9/30/2014	4,774,681	855,924	N/A	3,079,151	N/A
6/30/2014	4,187,416	777,843	N/A	N/A	N/A
3/31/2014	4,268,510	835,357	N/A	1,561,371	N/A
12/31/2013	4,638,696	989,493	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMFG's forecast earnings growth (8.4% per year) is above the savings rate (2.6%).

Earnings vs Market: SMFG's earnings (8.4% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: SMFG's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMFG's revenue (4% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: SMFG's revenue (4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SMFG's Return on Equity is forecast to be low in 3 years time (8.6%).

Sumitomo Mitsui Financial Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Sumitomo Mitsui Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024

Sumitomo Mitsui Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024

Sumitomo Mitsui Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022

Recent updates

Sumitomo Mitsui Financial Group, Inc. (TSE:8316) announces an Equity Buyback for 60,000,000 shares, representing 1.53% for ¥150,000 million.

Sumitomo Mitsui: Many Ways To Win

Japan Megabanks, DBJ Reportedly to Invest Up to $175 Million in Rapidus

Sumitomo Mitsui Financial Group, Inc. to Report Q2, 2025 Results on Nov 14, 2024

Sumitomo Mitsui: Spotlight On Above-Expectation Earnings And Positive ROE Outlook

Investors from West Asia, Japan Reportedly Eying Yes Bank's $5bn Stake Sale

Sumitomo Mitsui Financial Group, Inc. to Report Q1, 2025 Results on Aug 02, 2024

Sumitomo Mitsui: Multiple Positives

Sumitomo Mitsui Financial Group, Inc. Announces Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 28, 2024; Provides Dividend Guidance for the Second Quarter and Full Year of the Fiscal Year Ending March 31, 2025

Sumitomo Mitsui Financial Group, Inc. (TSE:8316) announces an Equity Buyback for 15,000,000 shares, representing 1.14% for ¥100,000 million.

Sumitomo Mitsui Financial Group, Inc. to Report Fiscal Year 2024 Results on May 15, 2024

Sumitomo Mitsui Financial Group, Inc. Announces Change of Deputy President, with Effect from April 1, 2024

Sumitomo Mitsui Financial: A Bright Future Ahead (Rating Upgrade)

Sumitomo Mitsui Financial Group, Inc. Announces New Executive Appointments

Sumitomo Mitsui Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024

Sumitomo Mitsui Financial Group, Inc. to Report Q3, 2024 Results on Feb 01, 2024

Sumitomo Mitsui Financial: Shares Are Fairly Valued

Sumitomo Mitsui Financial Group, Inc. Announces Management Changes

Sumitomo Mitsui Financial Group, Inc. Announces Demise of Jun Ohta, Director President (Representative Executive Officer)

Sumitomo Mitsui Financial Group, Inc. Announces Demise of Jun Ohta, Group CEO

Sumitomo Mitsui Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024

Sumitomo Mitsui Financial Group, Inc. (TSE:8316) announces an Equity Buyback for 26,000,000 shares, representing 1.95% for ¥150,000 million.

Sumitomo Mitsui Financial Group, Inc. to Report Q2, 2024 Results on Nov 14, 2023

Sumitomo Mitsui Financial: Taking Profits, Risk Reward Profile Less Attractive

Sumitomo Mitsui Financial Group, Inc. Reports Impairment Charges for the First Quarter Ended June 30, 2023

Sumitomo Mitsui Financial Group, Inc. announced that it has received $0.649617 million in funding

Sumitomo Mitsui Financial Group, Inc. Approves Board Elections

Sumitomo Mitsui Financial Group Aims For Streamlined Growth And Remains Undervalued

Sumitomo Mitsui Financial Group, Inc. to Report Q1, 2024 Results on Jul 31, 2023

Sumitomo Mitsui Financial Group, Inc., Annual General Meeting, Jun 29, 2023

Government Receives Several EoIs for IDBI Bank Stake Sale

Sumitomo Mitsui Financial Group, Inc. to Report Q3, 2023 Results on Jan 30, 2023

Sumitomo Mitsui Financial Group: A More Favorable Outlook

Sumitomo Mitsui Financial Group, Inc. Announces Makoto Takashima Becomes New Chair, Effective April 1, 2023

Carlyle, Fairfax, DBS Bank Reportedly May Bid for IDBI Bank

Sumitomo Mitsui Financial Group and One Other Global Bank Reportedly Among Five Potential Investors That Have Sought Information from the Centre About the Sale of State Equity in IDBI Bank

Sumitomo Mitsui Financial Group, Inc. (TSE:8316) announces an Equity Buyback for 61,000,000 shares, representing 4.45% for ¥200,000 million.

Sumitomo Mitsui Financial GAAP EPS of ¥383.10, net interest income of ¥1533.17B

Smbc Appoints Rick Davison as Chief Financial Officer

Sumitomo Mitsui Financial Group: Negatives Priced In, Offering Attractive Yield

Sumitomo Mitsui Financial Group, Inc. to Report Q2, 2023 Results on Nov 14, 2022

Sumitomo Mitsui Financial Group, Inc Appoints John Rosenfeld as President of Jenius Bank

Sumitomo Mitsui Financial to bolster U.S. presence with digital consumer banking unit

Sumitomo Mitsui Financial Group, Inc. Provides Second Quarter and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2023

Sumitomo Mitsui Financial GAAP EPS of ¥184.08, revenue of ¥1.33T

Sumitomo Mitsui Financial Group, Inc. announced that it has received ¥25.901959 million in funding

Sumitomo Mitsui Financial Group, Inc. Approves Dividend for 2022

Sumitomo Mitsui Financial Group: Block Trading Scandal And Updated Performance

SMFG Reportedly Plans to Take 10% Stake in SBI

Sumitomo Mitsui Financial Group, Inc., Annual General Meeting, Jun 29, 2022

Sumitomo Mitsui Financial Group Reportedly in Talks to Acquire Minority Stake in Marathon Capital

Sumitomo Mitsui Financial Appoints Hirofumi Otsuka as CEO for SMBC Americas Division

Sumitomo Mitsui Financial Group, Inc. to Report Fiscal Year 2022 Results on May 13, 2022

Sumitomo Mitsui Financial Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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