SMFG, US86562M2098

SMFG completes bank sale. Sumitomo Mitsui Financial Group stock falls 1.33 percent

Published on 10/09/2026 at 15:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ordinary profit reached JPY 693.14 billion, up 43.40 percent in fiscal 2027's first quarter. Sumitomo Mitsui Financial Group stock costs EUR 22.20 on October 9, 2026 after EUR 22.50.

Key points in brief

SMFG completed the sale of an SMBC MANUBANK commercial banking unit on October 1, 2026.
Ordinary profit rose 43.40 percent year over year to JPY 693.14 billion in the first quarter of fiscal 2027.
The Lang & Schwarz quote was EUR 22.20 on October 9, 2026, down 1.33 percent from EUR 22.50.

SMFG, US86562M2098, Illustration mit AI erstellt.

SMFG completed the sale of an SMBC MANUBANK commercial banking unit to Bank of Hope on October 1, 2026, according to Sumitomo Mitsui Financial Group. The stock was trading at EUR 22.20 at Lang & Schwarz on October 9, 2026 at 3:19 p.m. CEST, down 1.33 percent versus the prior close of EUR 22.50.

Profit grew in the first quarter

SMFG reported ordinary profit of JPY 693.14 billion for the first quarter of the fiscal year ending March 2027, compared with JPY 483.34 billion in the year-earlier period. That represents year-over-year growth of 43.40 percent, according to Note.com.

The same first-quarter report put ordinary income at JPY 2.85 trillion, up 16.60 percent from JPY 2.44 trillion a year earlier. SMFG kept its fiscal-year forecast for net income attributable to owners of the parent at JPY 1.70 trillion, a projected 7.40 percent increase over fiscal 2026, Note.com reported.

Three milestones set the direction

On July 31, 2026, SMFG published its first-quarter results, including JPY 693.14 billion in ordinary profit. On September 29, 2026, it disclosed one share exchange agreement linked to the transition toward an intermediate holding company structure. On October 1, 2026, the group completed one commercial banking unit sale to Bank of Hope, according to the company's dated release.

What comes next for SMFG?

The next scheduled markers are the second-quarter interim earnings announcement in mid-November 2026 and a first-half earnings investor briefing in late November 2026, according to Note.com. For investors, the key contrast is clear: operating profit growth of 43.40 percent in the first quarter is running ahead of the full-year net income forecast of 7.40 percent.

Price stays below the yearly high

The NYSE-listed ADR's primary-market quote was USD 25.31 at 4:00 p.m. ET on October 8, 2026, according to the finance market snapshot, while its 52-week range was USD 15.18 to USD 27.62. Market capitalization stood at USD 98.1 billion on the same date. The euro quote from Lang & Schwarz was EUR 22.20 on October 9, 2026 at 3:19 p.m. CEST, versus the EUR 22.50 prior close on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Sumitomo Mitsui Financial Group stock.