Sumitomo Mitsui Financial Group's (TYO:8316) profit attributable to owners of the parent surged 43.3% to 1.136 trillion yen in the nine months ended Dec. 31, 2024, from 792.8 billion yen a year ago, driven by strong growth in ordinary income and improved profitability across its business segments.
The company said earnings per share (EPS) rose to 289.92 yen from 198.18 yen a year ago, according to a Wednesday filing. The EPS figures take into account a three-for-one stock split that took effect on Oct. 1, 2024.
Ordinary income increased 14.4% to 7.652 trillion yen from 6.691 trillion yen a year earlier, supported by higher interest income, fees, and commissions.
The group expects attributable profit to grow 20.5% to 1.160 trillion yen, or 299.48 yen per share, for the fiscal year ending March 31.
It expects to pay a year-end dividend of 180 yen per share, bringing the total annual dividend to 360 yen per share for the current year.
Price (JPY): $3899.00, Change: $+8.0, Percent Change: +0.21%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.