Core Insights - The article compares Banco Do Brasil SA (BDORY) and Sumitomo Mitsui (SMFG) to determine which stock offers better value for investors [1] Valuation Metrics - BDORY has a forward P/E ratio of 4.14, significantly lower than SMFG's forward P/E of 41.13 [5] - BDORY's PEG ratio is 1.47, while SMFG's PEG ratio is 2.42, indicating that BDORY may offer better value relative to its expected earnings growth [5] - BDORY's P/B ratio is 0.80, compared to SMFG's P/B of 1.04, suggesting that BDORY is undervalued in terms of market value versus book value [6] Zacks Rank and Value Grades - BDORY has a Zacks Rank of 1 (Strong Buy), while SMFG has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook for BDORY [3] - Based on various valuation metrics, BDORY holds a Value grade of B, whereas SMFG has a Value grade of D, further supporting the conclusion that BDORY is the more attractive option for value investors [6]

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Sumitomo Mitsui (SMFG) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investo ...

Investors with an interest in Banks - Foreign stocks have likely encountered both Sumitomo Mitsui (SMFG) and HDFC Bank (HDB) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and o ...

Investors interested in Banks - Foreign stocks are likely familiar with Sumitomo Mitsui (SMFG) and ICICI Bank Limited (IBN) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets comp ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the ...

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Loan and Asset Management - The total reserve for possible loan losses related to Russia was recorded at ¥85,553 million[11]. - The total amount of loans classified as bankrupt and quasi-bankrupt increased from ¥92,941 million in 2023 to ¥160,186 million in 2024, representing a growth of 72.5%[19]. - The total amount of normal loans rose from ¥115,139,286 million in 2023 to ¥125,031,630 million in 2024, an increase of approximately 8%[19]. - The total impairment loss on idle assets was recorded at ¥59,842 million for the fiscal year ended March 31, 2023[27]. - The company reported trading liabilities of ¥4,921,315 million, reflecting a stable financial position[77]. - The company conducts regular loan reviews to manage non-performing loans and potential non-performing loans, enhancing loan security and supporting business recoveries[121]. - Total monetary claims increased from ¥38,504,642 million as of March 31, 2023, to ¥44,061,034 million as of March 31, 2024, representing a growth of approximately 14.3%[166]. - Loans and bills discounted rose from ¥24,562,475 million to ¥28,370,239 million, marking an increase of approximately 11.0%[166]. Financial Performance and Valuation - The net unrealized gains on other securities improved significantly from a loss of ¥252,078 million in 2023 to a gain of ¥1,024,910 million in 2024[35]. - The total other comprehensive income surged from ¥215,388 million in 2023 to ¥1,661,035 million in 2024, showcasing a substantial improvement[35]. - The company reported a net unrealized gain of ¥3,393,095 million for the fiscal year ended March 31, 2024, compared to a net unrealized gain of ¥1,915,148 million in 2023[44]. - The company reported valuation losses of ¥408 million for the fiscal year ended March 31, 2023, and ¥42,081 million for the fiscal year ended March 31, 2024, highlighting a significant increase in impairment[174]. - The total sales amount for other securities sold in the fiscal year ended March 31, 2024, was ¥14,328,322 million, with gains on sales amounting to ¥358,040 million[170]. Securities and Derivatives - The total amount of securities pledged rose from ¥7,694,727 million in 2023 to ¥9,174,753 million in 2024, reflecting an increase of 19.3%[18]. - Total valuation losses for interest rate futures amounted to ¥966,966 million[38]. - The total contract amount for currency derivatives was ¥1,029,554 million, with valuation gains of ¥204,179 million[39]. - The total amount of interest rate swaps was ¥824,325,850 million, with net valuation losses of ¥304,791 million[38]. - The total derivative transactions resulted in a loss of ¥1,739,642 million, indicating exposure to market risks[77]. - The total valuation loss for all derivatives was ¥1,384,794 million[158]. - The total derivative transactions resulted in a loss of ¥1,661,170 million, primarily due to interest rate derivatives[184]. Risk Management - The company has established a comprehensive risk management framework to monitor credit, market, and liquidity risks[89][90]. - The liquidity risk management framework includes contingency plans and quantitative benchmarks to ensure funding stability[97]. - The Corporate Risk Management Department and Risk Management Information Department manage market and liquidity risks in an integrated manner, reporting regularly to the Management Committee and the Audit Committee[122]. - The Company has established guidelines for managing marketable credit risk, which includes credit risk, market risk, and liquidity risk associated with financial products[121]. - The Internal Audit Department performs periodic audits to ensure the risk management framework is functioning properly[122]. Financial Position and Capital - Total assets amounted to ¥41,519,046 million, with a significant increase in trading assets to ¥6,486,298 million[77]. - Total assets grew from ¥55,135,341 million to ¥59,430,145 million, indicating an increase of around 7.0%[166]. - The company has a total of ¥164,841,513 million in deposits, with a slight increase of ¥2,155 million from the previous period[103]. - The total consolidated balance sheet amount as of March 31, 2024, is ¥35,441,147 million, an increase from ¥31,872,239 million as of March 31, 2023[44]. - The number of shares issued at the end of the fiscal year was 1,337,529,084, after an increase of 477,890 shares[79]. - The company paid dividends totaling ¥301,626 million for the fiscal year, with dividends per share at ¥220[78]. Accounting and Reporting - The company is currently assessing the effects of new accounting standards related to current income taxes and comprehensive income, which may impact future financial reporting[9]. - The company has applied deferred hedge accounting for derivative transactions, following the "Practical Solution on the Treatment of Hedge Accounting for Financial Instruments that Reference LIBOR"[99]. - The fair values of derivative transactions are calculated based on the present value of estimated future cash flows, with significant unobservable inputs affecting the valuation[146]. - The fair value of monetary claims bought is ¥5,603,840 million, with a difference of ¥72,530 million from the consolidated balance sheet amount of ¥5,531,310 million[103].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2023 Commission file number 001-34919 SUMITOMO MITSUI FINANCIAL GROUP, INC. (Translation of registrant's name into English) 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan (Address of principal executive offices) Indicate by check mark whether the registrant files or ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2023 Commission file number 001-34919 SUMITOMO MITSUI FINANCIAL GROUP, INC. (Translation of registrant's name into English) 1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan (Address of principal executive offices) Indicate by check mark whether the registrant files or wi ...