Sumitomo Mitsui Financial Group corrected its accounts for the year ended March 2026 on 13 November after finding an error in the fair-value measurement of purchased monetary claims. The correction lowers those assets by ¥99.6bn, deferred tax liabilities by ¥31.4bn and the valuation difference on available-for-sale securities by ¥68.2bn. Consolidated net assets fall from ¥15.93tn to ¥15.86tn, and total assets from ¥328.5tn to ¥328.4tn.
| Measure | Before (¥mn) | After (¥mn) | Change (¥mn) |
|---|---|---|---|
| Purchased monetary claims | 6,079,754 | 5,980,143 | -99,611 |
| Deferred tax liabilities | 619,716 | 588,318 | -31,397 |
| Valuation difference on available-for-sale securities | 2,185,092 | 2,116,878 | -68,213 |
| Net assets | 15,933,144 | 15,864,931 | -68,213 |
| Total assets | 328,511,145 | 328,411,534 | -99,611 |
| Other comprehensive income, full year | 544,262 | 476,049 | -68,213 |
| Other comprehensive income, April-June 2026 | 224,959 | 293,172 | +68,213 |
Profit did not move
The corrected earnings summary shows the same ordinary profit (¥2.30tn) and the same net profit attributable to owners of the parent (¥1.58tn) as the original. Earnings per share stay at ¥411.97. Net assets per share fall from ¥4,135.71 to ¥4,117.84.
The change runs through other comprehensive income instead. Full-year other comprehensive income drops from ¥544.3bn to ¥476.0bn, and comprehensive income from ¥2.13tn to ¥2.06tn. Its growth over the prior year is restated from 198.8% to 189.2%.
The offset in the next quarter
The quarter to June 2026 moves the other way. Other comprehensive income for April to June rises from ¥225.0bn to ¥293.2bn, an increase of ¥68.2bn, and comprehensive income from ¥731.0bn to ¥799.2bn. The corrected quarterly statements leave the June balance sheet unchanged: purchased monetary claims at ¥6.17tn, a valuation difference of ¥2.34tn and net assets of ¥16.24tn. Quarterly net profit of ¥501.4bn is also unchanged. The correction therefore lowers the year to March 2026 and lifts the following quarter by the same ¥68.2bn, with no change to either period's reported profit.
Capital ratios and the bank
The corrected results presentation puts the group's preliminary March 2026 common equity Tier 1 ratio at 12.32%, from 12.41% before, and the total capital ratio at 15.60%, from 15.69%. For the main bank subsidiary's own accounts, purchased monetary claims are restated from ¥2.29tn to ¥2.19tn and net assets from ¥8.28tn to ¥8.21tn.
The amended annual securities report, filed with the Kanto Local Finance Bureau, says the corrected consolidated statements were audited by the group's auditor, with an audit report dated 12 November 2026. The original report was filed on 19 June 2026. None of the corrected documents gives a cause for the measurement error.
The notice lists the annual securities report, the March 2026 results summary, the April-June results summary, the 2025 results presentation and the June-quarter capital ratio disclosure among the materials corrected on 13 November, and says the main bank is also filing an amended report.