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 November 2010

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 will file annual reports under cover of Form 20-F or Form 40-F:	Form 20-F x	Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):	o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):	o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.	Yes o	No x
*If ‘‘Yes’’ is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):	82-________

TABLE OF CONTENTS

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Sumitomo Mitsui Financial Group, Inc.
By:	/s/ Koichi Miyata
	Name:	Koichi Miyata
	Title:	Director and Senior Managing Executive Officer

Date:     November 12, 2010

November 12, 2010

Sumitomo Mitsui Financial Group, Inc. (SMFG)

Consolidated Financial Results for the Six Months ended September 30, 2010
<under Japanese GAAP>

Head Office:   1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan
Stock Exchange Listings:   Tokyo Stock Exchange, Osaka Securities Exchange, Nagoya Stock Exchange (code: 8316)
URL:   http://www.smfg.co.jp
President:   Teisuke Kitayama
Date of Payment of Interim Dividends:   December 3, 2010

Amounts less than one million yen have been omitted.

1. Consolidated Financial Results (for the six months ended September 30, 2010)

 (1) Operating Results (Millions of yen, except per share data and percentages)

	Ordinary Income				Ordinary Profit				Net Income
Six Months ended September 30, 2010	¥	1,980,507	26.4	%	¥	540,609	143.3	%	¥	417,493	237.9	%
Six Months ended September 30, 2009		1,566,910	(13.8	)		222,225	16.4			123,540	48.3
	Net Income				Net Income
	per Share				per Share (Diluted)
Six Months ended September 30, 2010	¥    296.64				¥    296.63
Six Months ended September 30, 2009	128.05				125.97

Note: Percentages shown in Ordinary Income, Ordinary Profit and Net Income are the increase (decrease) from the same period in the previous fiscal year.

(2) Financial Position (Millions of yen, except per share data and percentages)

	Total Assets		Net Assets		Net Assets Ratio			Net Assets per Share		Capital Ratio
September 30, 2010	¥	131,409,208	¥	7,198,610		3.9	%	¥	3,547.89		(Preliminary)16.02		%
March 31, 2010		123,159,513		7,000,805		4.0			3,391.75			15.02

Notes:	1.	Stockholders’ equity
		(a) as of September 30, 2010: ¥5,169,413 million      (b) as of March 31, 2010: ¥4,951,323 million
	2.	Net assets ratio = {(Net assets – Stock acquisition rights – Minority interests) / Total assets} X 100
	3.	Capital Ratio is calculated using the method stipulated in “Standards for Bank Holding Company to Examine the Adequacy of Its Capital Based on Assets, etc. Held by It and Its Subsidiaries Pursuant to Article 52-25 of the Banking Law” (Notification 20 issued by the Japanese Financial Services Agency in 2006).

2. Dividends on Common Stock per Share

(Yen)

	1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Annual
Fiscal Year ended March 31, 2010	¥	—	¥	45	¥	—	¥	55	¥	100
Fiscal Year ending March 31, 2011		—		50
Fiscal Year ending March 31, 2011 (Forecast)						—		50		100

Notes:	1.	Dividend forecast remains unchanged.
	2.	Dividends on unlisted preferred stocks are reported on page 3.

3. Earnings Forecast on a Consolidated Basis (for the fiscal year ending March 31, 2011)

(Millions of yen, except per share data and percentages)

	Ordinary Income				Ordinary Profit				Net Income				Net Income per Share
Fiscal Year ending March 31, 2011	¥	3,900,000	23.2	%	¥	870,000	55.7	%	¥	540,000	98.9	%	¥	382.11

Notes:	1.	Earnings forecast which was announced in May 2010 is revised. Please refer to the press release “Revision of Earnings Forecasts for the Fiscal Year Ending March 31, 2011” which is announced separately today.
	2.	Percentages shown in Ordinary Income, Ordinary Profit and Net Income are the increase from the previous fiscal year.

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Sumitomo Mitsui Financial Group, Inc. (8316)

4. Other Information

(1)	There are no changes in material consolidated subsidiaries in the six months ended September 30, 2010.
(2)	There are changes in accounting principles, procedures and presentation due to changes in accounting standards and so on when preparing interim consolidated financial statements.
(3)	Number of Shares Issued (common stock)

	As of September 30, 2010	As of March 31, 2010
(a) Number of shares issued (including treasury shares)	1,414,055,625 shares	1,414,055,625 shares
(b) Number of treasury shares	17,080,954 shares	17,070,100 shares
	Six Months ended September 30,
	2010	2009
(c) Average number of shares issued in the period	1,396,978,830 shares	922,966,966 shares

[Reference] Parent Company Only Financial Information on a Nonconsolidated Basis

1. Non-consolidated Financial Results (for the six months ended September 30, 2010)

  (1) Operating Results (Millions of yen, except per share data and percentages)

	Operating Income				Operating Profit				Ordinary Profit				Net Income
Six Months ended
September 30, 2010	¥	85,600	162.6	%	¥	74,357	155.9	%	¥	71,101	316.6	%	¥	71,099	288.3	%
September 30, 2009		32,594	(34.4	)		29,058	(37.1	)		17,067	(49.5	)		18,309	(42.9	)

	Net Income per Share
Six Months ended
September 30, 2010	¥	48.22
September 30, 2009		13.84

Note: Percentages shown in Operating Income, Operating Profit, Ordinary Profit and Net Income are the increase (decrease) from the previous fiscal year.

  (2) Financial Position (Millions of yen, except per share data and percentages)

	Total Assets		Net Assets		Net Assets Ratio			Net Assets per Share
September 30, 2010	¥	6,141,632	¥	4,796,034		78.1	%	¥	3,249.54
March 31, 2010		6,152,774		4,805,574		78.1			3,256.32

Note:	Stockholders’ equity
	(a) as of September 30, 2010: ¥4,795,977 million    (b) as of March 31, 2010: ¥4,805,574 million

2. Earnings Forecast on a Non-consolidated Basis (for the fiscal year ending March 31, 2011)

(Millions of yen, except per share data and percentages)

	Operating Income				Operating Profit				Ordinary Profit
Fiscal Year ending March 31, 2011	¥	220,000	64.9	%	¥	200,000	71.3	%	¥	190,000	101.0	%
	Net Income				Net Income per Share
Fiscal Year ending March 31, 2011	¥	190,000	187.1	%	¥ 130.33

Notes:	1.	Percentages shown in Operating Income, Operating Profit, Ordinary Profit and Net Income are the increase (decrease) from the results of the previous fiscal year.
	2.	Earnings forecast remains unchanged.

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Sumitomo Mitsui Financial Group, Inc. (8316)

[Note on Interim Audit Process]

This quarterly (interim) earnings report is out of the scope of the external auditor’s review procedure which is required by “Financial Instruments and Exchange Act”. Therefore, the audit process of interim consolidated financial statement and interim financial statement has not been completed as of the disclosure of this quarterly (interim) earnings report.

 

This document contains “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995), regarding the intent, belief or current expectations of Sumitomo Mitsui Financial Group, Inc. and its management with respect to Sumitomo Mitsui Financial Group, Inc.’s future financial condition and results of operations. In many cases but not all, these statements contain words such as “anticipate”, “estimate”, “expect”, “intend”, “may”, “plan”, “probability”, “risk”, “project”, “should”, “seek”, “target” and similar expressions. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those expressed in or implied by such forward-looking statements contained or deemed to be contained herein. The risks and uncertainties which may affect future performance include the fragility of any economic recovery, both globally and in Japan; Sumitomo Mitsui Financial Group, Inc.’s ability to successfully implement its business and capital strategy; the success of our business alliances including those in the consumer finance industry; exposure to new risks as we expand the scope of our business; significant credit-related costs; declines in the value of Sumitomo Mitsui Financial Group, Inc.’s securities portfolio. Given these and other risks and uncertainties, you should not place undue reliance on forward-looking statements, which speak only as of the date of this document. Sumitomo Mitsui Financial Group, Inc. undertakes no obligation to update or revise any forward-looking statements. Please refer to our most recent disclosure documents such as our annual report or the registration statement on Form 20-F filed with the U.S. Securities and Exchange Commission, as well as our earnings press release for a more detailed description of the risks and uncertainties that may affect our financial conditions, our operating results, and investors’ decisions.

[Dividends Information]
  Dividends on Preferred Stock per Share

(Yen)  

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter		Annual
Preferred stock (Type 4)	Fiscal Year ended March 31, 2010	¥	—	¥	67,500	¥	—		¥    —	¥	67,500
Preferred stock (Type 6)	Fiscal Year ended March 31, 2010		—		44,250		—		44,250		88,500
	Fiscal Year ending March 31, 2011		—		44,250						88,500
	Fiscal Year ending March 31, 2011 (Forecast)						—		44,250

<Reference> Calculation for Indices
   - Forecasted Net Income per Share:

Forecasted net income – Forecasted preferred stock dividends

     Forecasted number of common stocks at the Fiscal Year End (excluding treasury stock)      

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Sumitomo Mitsui Financial Group, Inc. (8316)

Sumitomo Mitsui Financial Group (“SMFG”) reports the financial results for the six months ended September 30, 2010.

1. Operating Results

     In the six months ended September 30, 2010, consolidated gross profit increased by ¥250.7 billion year-on-year to ¥1,316.8 billion. Factors that contributed to the increase include year-over-year increase in gross banking profit of ¥119.2 billion by Sumitomo Mitsui Banking Corporation (“SMBC”) due mainly to an increase in gains on bonds, and the gross profit of Nikko Cordial Securities Inc. that became a consolidated subsidiary in October 2009.

     Consolidated general and administrative expenses increased by ¥122.6 billion year-on-year to ¥655.6 billion due mainly to an increase in the number of consolidated subsidiaries such as Nikko Cordial Securities, while SMBC recorded ¥345.3 billion on a non-consolidated basis, almost the same as a year earlier.

     Total credit cost decreased by ¥162.7 billion year-on-year to ¥105.8 billion on a consolidated basis, due mainly to a decrease of ¥113.6 billion at SMBC as a result of measures tailored to borrowers to improve their business and financial situations.

     As a result of the factors mentioned above, SMFG recorded ordinary profit of ¥540.6 billion, year-on-year increase of ¥318.4 billion, and net income of ¥417.5 billion, year-on-year increase of ¥294.0 billion on a consolidated basis.

<Consolidated>									(Billions of yen)
			Six months			Change from the			Fiscal Year ended
			ended			six months ended			March 31, 2010
			September 30, 2010			September 30, 2009			(reference)
	Consolidated gross profit		¥	1,316.8		¥	250.7		¥	2,236.6
	General and administrative expenses			(655.6	)		(122.6	)		(1,161.3	)
	Total credit cost			(105.8	)		162.7			(473.0	)
	Gains (losses) on stocks, net			(22.6	)		(13.7	)		(10.1	)
	Ordinary profit			540.6			318.4			558.8
	Net income			417.5			294.0			271.6
	<SMBC, Non-consolidated>
	Gross banking profit		¥	838.6		¥	119.2		¥	1,455.3
	Expenses (excluding non-recurring losses)			(345.3	)		(3.6	)		(685.8	)
	Banking profit (*)			493.3			115.6			769.5
		Gains on bonds, net		151.2			112.3			37.3
	Total credit cost			(43.3	)		113.6			(254.7	)
	Gains (losses) on stocks, net			(18.3	)		18.6			3.9
	Ordinary profit			393.0			245.9			462.7
	Net income			351.2			238.6			318.0

       (*) Banking profit (before provision for general reserve for possible loan losses)

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Sumitomo Mitsui Financial Group, Inc. (8316)

2. Financial Position

     SMFG’s total assets as of September 30, 2010, were ¥131,409.2 billion, an increase of ¥8,249.7 billion compared with March 31, 2010 on a consolidated basis. Net assets were ¥7,198.6 billion, an increase of ¥197.8 billion. Stockholders’ equity was ¥4,982.1 billion, an increase of ¥337.4 billion, due mainly to recording of net income.

     Deposits decreased by ¥551.7 billion to ¥78,096.9 billion from March 31, 2010, mainly because the balance of deposits in overseas market after conversion to Japanese Yen decreased due to the stronger Yen while the balance of deposits in domestic market increased. Loans and bills discounted increased by ¥831.6 billion to ¥63,532.7 billion mainly because the balance of loans and bills discounted at SMBC on a non-consolidated basis increased in domestic market.

     Problem assets (non-performing loans as defined under the Financial Reconstruction Law) increased by ¥35.9 billion from March 31, 2010 to ¥1,607.8 billion on a consolidated basis. Problem asset ratio remained at a low level of 2.25%.

3. Earnings Forecasts for the fiscal year ending March 31, 2011

     The consolidated earnings forecast announced on May 14, 2010 has been revised as follows mainly because SMBC is expected to show an increase in banking profit and a decrease in credit cost.

Ordinary income	¥	3,900	billion	(increase of ¥500 billion from the previous forecast)
Ordinary profit		870	billion	(increase of ¥180 billion from the previous forecast)
Net income		540	billion	(increase of ¥200 billion from the previous forecast)

     The non-consolidated earnings forecast remain unchanged.

4. Other

     Changes of Accounting Principles, Procedures and Presentation

     Accounting Standard for Asset Retirement Obligations

     SMFG has adopted the “Accounting Standards for Asset Retirement Obligations” (ASBJ Statement No. 18, issued on March 31, 2008) and “Guidance on Accounting Standards for Asset Retirement Obligations” (ASBJ Guidance No. 21, issued on March 31, 2008) that became effective from the fiscal year starting on or after April 1, 2010. As a result of this change, ordinary profit and income before income taxes decreased by ¥269 million and ¥3,851 million, respectively.

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Sumitomo Mitsui Financial Group, Inc. (8316)

5. Consolidated Financial Statements

  (1) Consolidated Balance Sheets

	(Millions of yen)
	September 30,			March 31, 2010
	2010			(condensed)
Assets:
Cash and due from banks	¥	4,893,453		¥	5,839,672
Call loans and bills bought		849,184			1,121,145
Receivables under resale agreements		63,038			25,226
Receivables under securities borrowing transactions		4,975,505			5,440,622
Monetary claims bought		1,077,846			1,006,738
Trading assets		8,771,403			6,708,688
Money held in trust		22,457			18,734
Securities		33,435,725			28,623,968
Loans and bills discounted		63,532,671			62,701,033
Foreign exchanges		980,245			1,107,289
Lease receivables and investment assets		1,761,258			1,839,662
Other assets		5,021,784			3,610,046
Tangible fixed assets		1,088,390			1,081,125
Intangible fixed assets		660,590			626,248
Deferred tax assets		715,973			728,586
Customers’ liabilities for acceptances and guarantees		4,622,617			3,749,056
Reserve for possible loan losses		(1,062,938	)		(1,068,329	)
Total assets	¥	131,409,208		¥	123,159,513

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Sumitomo Mitsui Financial Group, Inc. (8316)

(continued)

	(Millions of yen					)
	September 30,			March 31, 2010
	2010			(condensed)
Liabilities:
Deposits	¥	78,096,908		¥	78,648,595
Negotiable certificates of deposit		8,977,715			6,995,619
Call money and bills sold		2,236,437			2,119,557
Payables under repurchase agreements		1,135,743			1,120,860
Payables under securities lending transactions		3,703,652			4,315,774
Commercial paper		351,205			310,787
Trading liabilities		6,587,071			5,066,727
Borrowed money		7,719,322			5,470,578
Foreign exchanges		264,723			192,299
Short-term bonds		1,150,585			1,212,178
Bonds		3,489,479			3,422,672
Due to trust account		187,298			159,554
Other liabilities		5,432,762			3,193,146
Reserve for employee bonuses		36,670			43,443
Reserve for executive bonuses		—			2,333
Reserve for employee retirement benefits		47,800			41,691
Reserve for executive retirement benefits		2,307			8,216
Provision for point service program		20,416
Reserve for reimbursement of deposits		9,697			11,734
Provision for loss on interest repayment		66,399
Reserves under the special laws		365			393
Deferred tax liabilities		24,464			26,520
Deferred tax liabilities for land revaluation		46,949			46,966
Acceptances and guarantees		4,622,617			3,749,056
Total liabilities		124,210,597			116,158,708
Net assets:
Capital stock		2,337,895			2,337,895
Capital surplus		978,866			978,897
Retained earnings		1,789,404			1,451,945
Treasury stock		(124,060	)		(124,061	)
Stockholders’ equity		4,982,105			4,644,677
Net unrealized gains on other securities		235,442			412,708
Net deferred gains (losses) on hedges		17,081			(39,367	)
Land revaluation excess		34,937			34,955
Foreign currency translation adjustments		(100,154	)		(101,650	)
Valuation and translation adjustments		187,307			306,646
Stock acquisition rights		144			81
Minority interests		2,029,052			2,049,400
Total net assets		7,198,610			7,000,805
Total liabilities and net assets	¥	131,409,208		¥	123,159,513

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Sumitomo Mitsui Financial Group, Inc. (8316)

(2) Consolidated Statements of Income

	(Millions of yen					)
Six months ended September 30	2009			2010
Ordinary income	¥	1,566,910		¥	1,980,507
Interest income		858,852			818,685
Interest on loans and discounts		654,985			603,194
Interest and dividends on securities		126,234			134,630
Trust fees		540			1,052
Fees and commissions		321,694			428,506
Trading income		140,586			188,653
Other operating income		236,399			524,289
Other income		8,836			19,319
Ordinary expenses		1,344,685			1,439,898
Interest expenses		175,688			158,146
Interest on deposits		80,017			57,774
Fees and commissions payments		62,165			69,987
Other operating expenses		254,194			416,294
General and administrative expenses		533,021			655,630
Other expenses		319,615			139,840
Ordinary profit		222,225			540,609
Extraordinary gains		10,895			14,096
Extraordinary losses		3,043			6,517
Income before income taxes		230,076			548,187
Income taxes-current		64,943			46,527
Income taxes-deferred		(14,720	)		27,318
Income taxes		50,222			73,845
Income before minority interests					474,341
Minority interests in net income		56,313			56,848
Net income	¥	123,540		¥	417,493

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Sumitomo Mitsui Financial Group, Inc. (8316)

(3) Consolidated Statements of Changes in Net Assets

	(Millions of yen					)
Six months ended September 30	2009			2010
Stockholders’ equity
Capital stock
Balance at the end of the previous fiscal year	¥	1,420,877		¥	2,337,895
Changes in the period
Issuance of new shares		430,512			—
Net changes in the period		430,512			—
Balance at the end of the period		1,851,389			2,337,895
Capital surplus
Balance at the end of the previous fiscal year		57,245			978,897
Changes in the period
Issuance of new shares		434,900			—
Disposal of treasury stock		(75	)		(31	)
Net changes in the period		434,825			(31	)
Balance at the end of the period		492,070			978,866
Retained earnings
Balance at the end of the previous fiscal year		1,245,085			1,451,945
Changes in the period
Cash dividends		(20,793	)		(79,931	)
Net income		123,540			417,493
Increase due to increase in subsidiaries		3			5
Increase due to decrease in subsidiaries		0			2
Decrease due to increase in subsidiaries		(5	)		(4	)
Decrease due to decrease in subsidiaries		(0	)		(2	)
Decrease due to decrease in equity method affiliates		—			(126	)
Reversal of land revaluation excess		(5	)		24
Net changes in the period		102,740			337,459
Balance at the end of the period		1,347,826			1,789,404
Treasury stock
Balance at the end of the previous fiscal year		(124,024	)		(124,061	)
Changes in the period
Purchase of treasury stock		(137	)		(40	)
Disposal of treasury stock		107			40
Net changes in the period		(29	)		0
Balance at the end of the period		(124,054	)		(124,060	)
Total stockholders’ equity
Balance at the end of the previous fiscal year		2,599,183			4,644,677
Changes in the period
Issuance of new shares		865,413			—
Cash dividends		(20,793	)		(79,931	)
Net income		123,540			417,493
Purchase of treasury stock		(137	)		(40	)
Disposal of treasury stock		32			9
Increase due to increase in subsidiaries		3			5
Increase due to decrease in subsidiaries		0			2
Decrease due to increase in subsidiaries		(5	)		(4	)
Decrease due to decrease in subsidiaries		(0	)		(2	)
Decrease due to decrease in equity method affiliates		—			(126	)
Reversal of land revaluation excess		(5	)		24
Net changes in the period		968,049			337,428
Balance at the end of the period		3,567,232			4,982,105

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Sumitomo Mitsui Financial Group, Inc. (8316)     

(continued)

	(Millions of yen)
Six months ended September 30	2009			2010
Valuation and translation adjustments
Net unrealized gains on other securities
Balance at the end of the previous fiscal year		(14,649	)		412,708
Changes in the period
Net changes in items other than stockholders’ equity in the period		483,412			(177,265	)
Net changes in the period		483,412			(177,265	)
Balance at the end of the period		468,762			235,442
Net deferred losses on hedges
Balance at the end of the previous fiscal year		(20,835	)		(39,367	)
Changes in the period
Net changes in items other than stockholders’ equity in the period		(778	)		56,448
Net changes in the period		(778	)		56,448
Balance at the end of the period		(21,614	)		17,081
Land revaluation excess
Balance at the end of the previous fiscal year		35,159			34,955
Changes in the period
Net changes in items other than stockholders’ equity in the period		9			(17	)
Net changes in the period		9			(17	)
Balance at the end of the period		35,169			34,937
Foreign currency translation adjustments
Balance at the end of the previous fiscal year		(129,068	)		(101,650	)
Changes in the period
Net changes in items other than stockholders’ equity in the period		42,936			1,495
Net changes in the period		42,936			1,495
Balance at the end of the period		(86,132	)		(100,154	)
Total valuation and translation adjustments
Balance at the end of the previous fiscal year		(129,394	)		306,646
Changes in the period
Net changes in items other than stockholders’ equity in the period		525,579			(119,338	)
Net changes in the period		525,579			(119,338	)
Balance at the end of the period		396,185			187,307
Stock acquisition rights
Balance at the end of the previous fiscal year		66			81
Changes in the period
Net changes in items other than stockholders’ equity in the period		8			62
Net changes in the period		8			62
Balance at the end of the period		74			144
Minority interests
Balance at the end of the previous fiscal year		2,141,908			2,049,400
Changes in the period
Net changes in items other than stockholders’ equity in the period		(2,434	)		(20,347	)
Net changes in the period		(2,434	)		(20,347	)
Balance at the end of the period		2,139,474			2,029,052

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Sumitomo Mitsui Financial Group, Inc. (8316)     

(continued)

	(Millions of yen)
Six months ended September 30	2009			2010
Total net assets
Balance at the end of the previous fiscal year		4,611,764			7,000,805
Changes in the period
Issuance of new shares		865,413			—
Cash dividends		(20,793	)		(79,931	)
Net income		123,540			417,493
Purchase of treasury stock		(137	)		(40	)
Disposal of treasury stock		32			9
Increase due to increase in subsidiaries		3			5
Increase due to decrease in subsidiaries		0			2
Decrease due to increase in subsidiaries		(5	)		(4	)
Decrease due to decrease in subsidiaries		(0	)		(2	)
Decrease due to decrease in equity method affiliates		—			(126	)
Reversal of land revaluation excess		(5	)		24
Net changes in items other than stockholders’ equity in the period		523,154			(139,623	)
Net changes in the period		1,491,203			197,805
Balance at the end of the period		¥   6,102,967			¥   7,198,610

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Sumitomo Mitsui Financial Group, Inc. (8316)     

(4) Consolidated Statements of Cash Flows

	(Millions of yen)
Six months ended September 30	2009			2010
Cash flows from operating activities:
Income before income taxes		¥   230,076			¥   548,187
Depreciation		63,449			73,441
Losses on impairment of fixed assets		1,763			1,414
Amortization of goodwill		9,037			12,682
Gain on negative goodwill		—			(90	)
Gain on step acquisitions		—			(12,655	)
Equity in (earnings) losses of affiliates		20,042			(1,627	)
Net change in reserve for possible loan losses		31,386			(8,121	)
Net change in reserve for employee bonuses		(1,007	)		(7,396	)
Net change in reserve for executive bonuses		(513	)		(2,333	)
Net change in reserve for employee retirement benefits		1,764			190
Net change in reserve for executive retirement benefits		(475	)		(5,929	)
Net change in provision for point service program					68
Net change in reserve for reimbursement of deposits		(2,167	)		(2,036	)
Net change in provision for loss on interest repayment					(10,979	)
Interest income		(858,852	)		(818,685	)
Interest expenses		175,688			158,146
Net gains on securities		(35,140	)		(134,858	)
Net losses from money held in trust		71			257
Net exchange losses		162,524			274,867
Net (gains) losses from disposal of fixed assets		(9,014	)		1,534
Net change in trading assets		103,515			(2,085,621	)
Net change in trading liabilities		(173,608	)		1,545,460
Net change in loans and bills discounted		942,489			(762,014	)
Net change in deposits		414,421			(252,309	)
Net change in negotiable certificates of deposit		874,292			1,990,785
Net change in borrowed money (excluding subordinated borrowings)		(392,066	)		1,513,802
Net change in deposits with banks		(521,488	)		(84,806	)
Net change in call loans and bills bought and others		(139,234	)		122,862
Net change in receivables under securities borrowing transactions		506,347			465,116
Net change in call money and bills sold and others		770,214			157,326
Net change in commercial paper		—			40,418
Net change in payables under securities lending transactions		(4,654,237	)		(612,122	)
Net change in foreign exchanges (assets)		(37,906	)		91,651
Net change in foreign exchanges (liabilities)		(64,836	)		72,631
Net change in lease receivables and investment assets		125,969			84,979
Net change in short-term bonds (liabilities)		40,921			(134,393	)
Issuance and redemption of bonds (excluding subordinated bonds)		(76,950	)		234,471
Net change in due to trust account		50,748			27,744
Interest received		900,996			822,602
Interest paid		(181,357	)		(163,964	)
Other, net		(1,095,415	)		(322,802	)
Subtotal		(2,818,554	)		2,817,896
Income taxes paid		(31,796	)		(43,745	)
Net cash provided (used) in operating activities		(2,850,350	)		2,774,150

- 12 -

Sumitomo Mitsui Financial Group, Inc. (8316)     

(continued)

	(Millions of yen)
Six months ended September 30	2009			2010
Cash flows from investing activities:
Purchases of securities		(23,171,622	)		(35,998,349	)
Proceeds from sale of securities		16,187,876			25,330,499
Proceeds from maturity of securities		8,304,496			7,270,257
Purchases of money held in trust		(238	)		(727	)
Proceeds from sale of money held in trust		—			500
Purchases of tangible fixed assets		(82,527	)		(46,007	)
Proceeds from sale of tangible fixed assets		25,663			2,597
Purchases of intangible fixed assets		(35,692	)		(35,405	)
Proceeds from sale of intangible fixed assets		53			43
Proceeds from sale of stocks of subsidiaries		—			314
Proceeds from purchase of stocks of subsidiaries resulting in change in scope of consolidation		—			55,729
Purchases of stocks of subsidiaries resulting in change in scope of consolidation		(27,153	)		(10,756	)
Net cash provided (used) by investing activities		1,200,855			(3,431,305	)
Cash flows from financing activities:
Proceeds from subordinated borrowings					10,000
Repayment of subordinated borrowings		(58,000	)		(25,000	)
Proceeds from issuance of subordinated bonds and bonds with stock acquisition rights		251,160			93,193
Repayment of subordinated bonds and bonds with stock acquisition rights		(181,220	)		(246,878	)
Proceeds from issuance of stocks		856,496			—
Dividends paid		(20,822	)		(79,710	)
Proceeds from contributions paid by minority stockholders		343,000			—
Repayment to minority stockholders		(340,000	)		(309	)
Dividends paid to minority shareholders		(47,664	)		(52,486	)
Purchases of treasury stock		(137	)		(40	)
Proceeds from disposal of treasury stock		32			9
Net cash provided (used) by financing activities		802,845			(301,222	)
Effect of exchange rate changes on cash and cash equivalents		(236	)		(8,213	)
Net change in cash and cash equivalents		(846,885	)		(966,591	)
Cash and cash equivalents at the beginning of the period		3,800,890			3,371,193
Change in cash and cash equivalents due to merger of a consolidated subsidiary		(17,407	)		—
Cash and cash equivalents at the end of the period		¥   2,936,596			¥   2,404,601

- 13 -

Sumitomo Mitsui Financial Group, Inc. (8316)     

(5) Note on the Assumption as a Going Concern

     Not applicable.

(6) Segment Information

     (a) Information on profit and loss amount by segment

          Six months ended September 30, 2010

(Millions of yen)  

	Banking Business
		SMBC
				Consumer Banking Unit			Middle Market Banking Unit			Corporate Banking Unit			International Banking Unit			Treasury Unit			Head office account			Others			Sub-total
Gross profit		838,587			190,191			220,720			98,963			88,826			251,717			(11,829	)		117,008			955,595
Interest income		488,242			169,983			138,114			65,413			53,674			73,896			(12,837	)		73,036			561,278
Non-interest income		350,344			20,208			82,606			33,550			35,152			177,821			1,007			43,972			394,316
Expenses		(345,330	)		(143,393	)		(109,540	)		(17,660	)		(29,060	)		(8,936	)		(36,741	)		(67,799	)		(413,129	)
Other profit or loss		—			—			—			—			—			—			—			(19,238	)		(19,238	)
Consolidated net business profit		493,256			46,798			111,180			81,303			59,766			242,781			(48,571	)		29,970			523,227
	Securities Services												Leasing
	SMBC Friend Securities Co., Ltd.			Nikko Cordial Securities Inc.			Others			Sub-total			Sumitomo Mitsui Finance and Leasing Co., Ltd.			Others			Sub-total
Gross profit		26,282			104,661			611			131,555			49,719			587			50,306
Interest income		380			(1,433	)		434			(618	)		31,291			(2,252	)		29,038
Non-interest income		25,902			106,095			176			132,174			18,428			2,840			21,268
Expenses		(21,487	)		(81,567	)		(776	)		(103,831	)		(14,157	)		(4,458	)		(18,615	)
Other profit or loss		—			(45	)		(2,664	)		(2,709	)		(7,980	)		7,686			(293	)
Consolidated net business profit		4,795			23,048			(2,828	)		25,015			27,582			3,815			31,397
	Credit Card Services
	Sumitomo Mitsui Card Company, Limited			Cedyna Financial Corporation			Others			Sub-total			Other Business			Total
Gross profit		90,151			45,630			3,459			139,241			6,122			1,282,822
Interest income		12,106			13,201			1,411			26,719			5,932			622,350
Non-interest income		78,045			32,428			2,047			112,521			189			660,471
Expenses		(64,255	)		(33,425	)		(143	)		(97,824	)		5,761			(627,639	)
Other profit or loss		(11,636	)		(7,356	)		119			(18,873	)		(13,426	)		(54,542	)
Consolidated net business profit		14,259			4,847			3,435			22,542			(1,542	)		600,640

(Notes)

1.	Consolidated net business profit = SMBC’s banking profit + Other subsidiaries’ ordinary profits (excluding non-recurring factors) + ordinary profits of affiliates accounted for by the equity method X Ownership ratio - Internal transactions (dividends, etc.)
2.	Other profit or loss = Non-operating profit or loss of consolidated subsidiaries except SMBC + ordinary profits of affiliates accounted for by the equity method X ownership ratio
3.	Consolidated net business profit of SMBC Friend Securities Co., Ltd., Nikko Cordial Securities Inc., Sumitomo Mitsui Finance and Leasing Co., Ltd., Sumitomo Mitsui Card Company, Limited, and Cedyna Financial Corporation are operating profit of each company, and non-operating profits or losses of the companies are classified into “Others” in each segment. For the figures on Cedyna Financial Corporation which became a consolidated subsidiary in the 1st quarter of this fiscal year, consolidated net business income amount is sum of operating profit in the 1st quarter X ownership ratio + operating profit in the 2nd quarter.
4.	“Other business” contains profit or loss to be off-set as internal transactions between segments.

- 14 -

Sumitomo Mitsui Financial Group, Inc. (8316)     

(continued)

(b) Difference between Total Amount of Consolidated Net Business Profit by Segment and Operating Profit on Interim Consolidated Statements of Income (adjustment of difference)

(Millions of yen)
Profit	Amount
Consolidated net business profit		600,640
Credit cost for problem loans of SMBC		(43,889	)
Gains (Losses) on stocks of SMBC		(18,296	)
Amortization of unrecognized retirement benefit obligation of SMBC		(18,999	)
Operating profit of consolidated subsidiaries other than segment report		39,670
Amortization of goodwill other than segment report		(9,336	)
Adjustment of profit or loss of affiliates accounted for by the equity method		(4,588	)
Others		(4,590	)
Operating profit on interim consolidated statements of Income		540,609

(Notes)

1.	Credit Cost = Provision for general reserve for possible loan losses (except foreign currency translation adjustment) + Write-off loans + Losses on sales of delinquent loans
2.	Net gains (losses) on stock = Gains on sale of stocks - Losses on sale of stocks - Losses on devaluation of stocks
3.	Adjustment of profit or loss of affiliates accounted for by the equity method = interim net income of affiliates accounted for by the equity method X ownership ratio - operating profit of affiliates accounted for by the equity method X ownership ratio

- 15 -

Sumitomo Mitsui Financial Group, Inc. (8316)

6. Non-consolidated Financial Statements

  (1) Non-consolidated Balance Sheets

	(Millions of yen)
	September 30,			March 31, 2010
	2010			(condensed)
Assets:
Current assets
Cash and due from banks		¥   33,175			¥   86,283
Other current assets		16,304			24,749
Total current assets		49,479			111,033
Fixed assets
Tangible fixed assets		1			1
Intangible fixed assets		7			8
Investments and other assets		6,092,144			6,041,729
Investments in subsidiaries and affiliates		6,092,144			6,041,729
Total fixed assets		6,092,153			6,041,740
Total assets		¥   6,141,632			¥   6,152,774
Liabilities:
Current liabilities
Short-term borrowings		¥   948,030			¥   948,030
Income taxes payable		18			3
Reserve for employee bonuses		106			101
Reserve for executive bonuses		—			71
Other current liabilities		4,542			5,867
Total current liabilities		952,698			954,073
Fixed liabilities
Bonds		392,900			392,900
Reserve for executive retirement benefits		—			226
Total fixed liabilities		392,900			393,126
Total liabilities		1,345,598			1,347,199
Net assets:
Stockholders’ equity
Capital stock		2,337,895			2,337,895
Capital surplus
Capital reserve		1,559,374			1,559,374
Other capital surplus		273,667			273,699
Total capital surplus		1,833,041			1,833,073
Retained earnings
Other retained earnings
Voluntary reserve		30,420			30,420
Retained earnings brought forward		638,056			647,622
Total retained earnings		668,476			678,042
Treasury stock		(43,436	)		(43,437	)
Total stockholders’ equity		4,795,977			4,805,574
Stock acquisition rights		56			—
Total net assets		4,796,034			4,805,574
Total liabilities and net assets		¥   6,141,632			¥   6,152,774

- 16 -

Sumitomo Mitsui Financial Group, Inc. (8316)

(2) Non-consolidated Statements of Income

	(Millions of yen)
Six months ended September 30	2009			2010
Operating income
Dividends on investments in subsidiaries and affiliates		¥   25,451			¥   78,394
Fees and commissions received from subsidiaries		7,142			7,206
Total operating income		32,594			85,600
Operating expenses
General and administrative expenses		3,413			3,008
Interest on bonds		122			8,234
Total operating expenses		3,535			11,242
Operating profit		29,058			74,357
Nonoperating income		253			68
Nonoperating expenses		12,244			3,325
Ordinary profit		17,067			71,101
Income before income taxes		17,067			71,101
Current		1,227			1
Deferred		(2,469	)		—
Income taxes		(1,241	)		1
Net income		¥   18,309			¥   71,099

- 17 -

Sumitomo Mitsui Financial Group, Inc. (8316)

(3) Non-consolidated Statements of Changes in Net Assets

	(Millions of yen)
Six months ended September 30	2009			2010
Stockholders’ equity
Capital stock
Balance at the end of the previous fiscal year		¥   1,420,877			¥   2,337,895
Changes in the period
Issuance of new shares		430,512			—
Net changes in the period		430,512			—
Balance at the end of the period		1,851,389			2,337,895
Capital surplus
Capital reserve
Balance at the end of the previous fiscal year		642,355			1,559,374
Changes in the period
Issuance of new shares		430,512			—
Net changes in the period		430,512			—
Balance at the end of the period		1,072,868			1,559,374
Other capital surplus
Balance at the end of the previous fiscal year		273,808			273,699
Changes in the period
Disposal of treasury stock		(75	)		(31	)
Net changes in the period		(75	)		(31	)
Balance at the end of the period		273,732			273,667
Total capital surplus
Balance at the end of the previous fiscal year		916,163			1,833,073
Changes in the period
Issuance of new shares		430,512			—
Disposal of treasury stock		(75	)		(31	)
Net changes in the period		430,437			(31	)
Balance at the end of the period		1,346,601			1,833,041
Retained earnings
Other retained earnings
Voluntary reserve
Balance at the end of the previous fiscal year		30,420			30,420
Changes in the period
Net changes in the period		—			—
Balance at the end of the period		30,420			30,420
Retained earnings brought forward
Balance at the end of the previous fiscal year		653,487			647,622
Changes in the period
Cash dividends		(21,059	)		(80,665	)
Net income		18,309			71,099
Net changes in the period		(2,750	)		(9,565	)
Balance at the end of the period		650,736			638,056
Total retained earnings
Balance at the end of the previous fiscal year		683,907			678,042
Changes in the period
Cash dividends		(21,059	)		(80,665	)
Net income		18,309			71,099
Net changes in the period		(2,750	)		(9,565	)
Balance at the end of the period		681,156			668,476

- 18 -

Sumitomo Mitsui Financial Group, Inc. (8316)

(continued)

	(Millions of yen)
Six months ended September 30	2009			2010
Treasury stock
Balance at the end of the previous fiscal year		(43,400	)		(43,437	)
Changes in the period
Purchase of treasury stock		(137	)		(40	)
Disposal of treasury stock		107			40
Net changes in the period		(29	)		0
Balance at the end of the period		(43,430	)		(43,436	)
Total stockholders’ equity
Balance at the end of the previous fiscal year		2,977,547			4,805,574
Changes in the period
Issuance of new shares		861,025			—
Cash dividends		(21,059	)		(80,665	)
Net income		18,309			71,099
Purchase of treasury stock		(137	)		(40	)
Disposal of treasury stock		32			9
Net changes in the period		858,169			(9,596	)
Balance at the end of the period		3,835,717			4,795,977
Stock acquisition rights
Balance at the end of the previous fiscal year		—			—
Changes in the period
Net Changes in the items other than stockholders’ equity in the period		—			56
Net Changes in the period		—			56
Balance at the end of the period		—			56
Total net assets
Balance at the end of the previous fiscal year		2,977,547			4,805,574
Changes in the period
Issuance of new shares		861,025			—
Cash dividends		(21,059	)		(80,665	)
Net income		18,309			71,099
Purchase of treasury stock		(137	)		(40	)
Disposal of treasury stock		32			9
Net Changes in the items other than stockholders’ equity in the period		—			56
Net changes in the period		858,169			(9,539	)
Balance at the end of the period		¥  3,835,717			¥  4,796,034

(4) Note on the Assumption as a Going Concern

     Not applicable.

- 19 -