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 August 2022

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    ☒    or    Form 40-F    ☐

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):      ☐

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):      ☐

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    ☐      No    ☒

* If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE INTO THE PROSPECTUS FORMING A PART OF SUMITOMO MITSUI FINANCIAL GROUP, INC.’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-261754) AND TO BE A PART OF SUCH PROSPECTUS FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

TABLE OF DOCUMENT(S) SUBMITTED

1. Unaudited quarterly consolidated Japanese GAAP financial statements as of and for the three months ended June 30, 2022

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/ Toru Nakashima
	Name:     Toru Nakashima
	Title:       Senior Managing Executive Officer                 Group Chief Financial Officer

Date: August 18, 2022

UNAUDITED QUARTERLY CONSOLIDATED JAPANESE GAAP FINANCIAL STATEMENTS

AS OF AND FOR THE THREE MONTHS ENDED JUNE 30, 2022

On August 12, 2022, we published our unaudited quarterly consolidated financial statements as of and for the three months ended June 30, 2022 prepared in accordance with accounting principles generally accepted in Japan, or Japanese GAAP, as part of our quarterly securities report (shihanki hokokusho) for the same period filed by us with the relevant Japanese authorities. This document is an English translation of the unaudited quarterly consolidated financial statements and the notes thereto included in such quarterly securities report. Japanese GAAP differs in certain respects from International Financial Reporting Standards as issued by the International Accounting Standards Board, or IFRS, and generally accepted accounting principles in the United States. For a description of certain differences between IFRS and Japanese GAAP, see “Item 5.A Operating Results—Reconciliation with Japanese GAAP” in our most recent annual report on Form 20-F filed with the SEC.

UNAUDITED QUARTERLY

CONSOLIDATED FINANCIAL STATEMENTS (JAPANESE GAAP)

QUARTERLY CONSOLIDATED BALANCE SHEETS

	Millions of yen						Millions of U.S. dollars
	March 31, 2022			June 30, 2022			June 30, 2022
Assets:
Cash and due from banks		¥	74,792,123		¥	74,646,634	$	546,301
Call loans and bills bought			1,965,134			2,091,072		15,304
Receivables under resale agreements			6,035,507			5,231,799		38,289
Receivables under securities borrowing transactions			5,649,632			4,777,896		34,967
Monetary claims bought			5,370,377			5,760,257		42,156
Trading assets			7,351,878			8,297,478		60,725
Money held in trust			310			6,810		50
Securities	*1, *2		38,538,724	*1, *2		39,347,789		287,967
Loans and bills discounted	*1		90,834,056	*1		96,688,452		707,615
Foreign exchanges	*1		2,812,104	*1		4,448,520		32,557
Lease receivables and investment assets			228,608			226,746		1,659
Other assets	*1		10,175,873	*1		12,657,021		92,630
Tangible fixed assets			1,457,254			1,493,839		10,933
Intangible fixed assets			898,817			920,660		6,738
Net defined benefit asset			623,045			634,325		4,642
Deferred tax assets			66,720			75,710		554
Customers’ liabilities for acceptances and guarantees	*1		11,722,239	*1		13,098,225		95,859
Reserve for possible loan losses			(817,784)			(711,407)		(5,206)
Total assets		¥	257,704,625		¥	269,691,834	$	1,973,740

—1—

QUARTERLY CONSOLIDATED BALANCE SHEETS

	Millions of yen						Millions of U.S. dollars
	March 31, 2022			June 30, 2022			June 30, 2022
Liabilities and net assets:
Liabilities:
Deposits		¥	148,585,460		¥	153,172,245	$	1,120,991
Negotiable certificates of deposit			13,069,796			13,792,741		100,942
Call money and bills sold			1,129,999			1,018,146		7,451
Payables under repurchase agreements			19,359,965			19,045,789		139,387
Payables under securities lending transactions			1,580,580			1,388,565		10,162
Commercial paper			1,866,366			1,992,918		14,585
Trading liabilities			6,377,968			7,119,225		52,102
Borrowed money			18,877,990			17,951,970		131,382
Foreign exchanges			1,216,893			1,859,257		13,607
Short-term bonds			442,000			433,500		3,173
Bonds			9,808,107			10,543,167		77,160
Due to trust account			2,443,873			2,395,740		17,533
Other liabilities			8,415,621			13,006,313		95,187
Reserve for employee bonuses			89,894			31,915		234
Reserve for executive bonuses			4,064			—		—
Net defined benefit liability			40,864			40,569		297
Reserve for executive retirement benefits			1,087			923		7
Reserve for point service program			25,000			26,360		193
Reserve for reimbursement of deposits			5,767			4,254		31
Reserve for losses on interest repayment			135,084			126,586		926
Reserves under the special laws			3,902			3,902		29
Deferred tax liabilities			275,570			164,908		1,207
Deferred tax liabilities for land revaluation			29,193			29,192		214
Acceptances and guarantees			11,722,239			13,098,225		95,859
Total liabilities			245,507,293			257,246,417		1,882,658
Net assets:
Capital stock			2,341,878			2,341,878		17,139
Capital surplus			693,664			693,809		5,078
Retained earnings			6,916,468			7,024,916		51,412
Treasury stock			(13,402)			(13,116)		(96)
Total stockholders’ equity			9,938,608			10,047,488		73,533
Net unrealized gains (losses) on other securities			1,632,080			1,264,690		9,256
Net deferred gains (losses) on hedges			(80,061)			1,394		10
Land revaluation excess			36,320			36,324		266
Foreign currency translation adjustments			450,143			879,507		6,437
Accumulated remeasurements of defined benefit plans			121,123			115,611		846
Total accumulated other comprehensive income			2,159,606			2,297,528		16,814
Stock acquisition rights			1,475			1,226		9
Non-controlling interests			97,641			99,173		726
Total net assets			12,197,331			12,445,416		91,082
Total liabilities and net assets		¥	257,704,625		¥	269,691,834	$	1,973,740

—2—

QUARTERLY CONSOLIDATED STATEMENTS OF INCOME

	Millions of yen								Millions of     U.S. dollars
Three months ended June 30	2021				2022				2022
Ordinary income			¥	951,725			¥	1,331,703	$	9,746
Interest income				442,051				637,403		4,665
Interest on loans and discounts				321,811				441,177		3,229
Interest and dividends on securities				74,476				108,984		798
Trust fees				1,237				1,478		11
Fees and commissions				327,317				336,330		2,461
Trading income				67,364				4,543		33
Other operating income				34,369				255,237		1,868
Other income		*1		79,386		*1		96,710		708
Ordinary expenses				664,484				982,028		7,187
Interest expenses				87,808				205,653		1,505
Interest on deposits				20,749				63,559		465
Fees and commissions payments				54,712				56,222		411
Trading losses				1,582				90,643		663
Other operating expenses				36,457				85,556		626
General and administrative expenses				437,980				484,021		3,542
Other expenses		*2		45,943		*2		59,932		439
Ordinary profit				287,240				349,674		2,559
Extraordinary gains		*3		16		*3		10		0
Extraordinary losses		*4		2,445		*4		998		7
Income before income taxes				284,812				348,686		2,552
Income taxes				79,973				93,962		688
Profit				204,838				254,724		1,864
Profit attributable to non-controlling interests				1,595				2,284		17
Profit attributable to owners of parent			¥	203,243			¥	252,439	$	1,847

—3—

QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	Millions of yen						Millions of     U.S. dollars
Three months ended June 30	2021			2022			2022
Profit		¥	204,838		¥	254,724	$	1,864
Other comprehensive income (losses)			55,480			136,901		1,002
Net unrealized gains (losses) on other securities			14,503			(365,102)		(2,672)
Net deferred gains (losses) on hedges			1,606			71,230		521
Foreign currency translation adjustments			26,720			393,295		2,878
Remeasurements of defined benefit plans			(4,329)			(5,525)		(40)
Share of other comprehensive income of affiliates			16,979			43,003		315
Total comprehensive income			260,319			391,625		2,866
Comprehensive income attributable to owners of parent			258,184			390,357		2,857
Comprehensive income attributable to non-controlling interests			2,135			1,268		9

—4—

NOTES TO UNAUDITED QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS

(Basis of presentation)

Sumitomo Mitsui Financial Group, Inc. (“the Company”) was established on December 2, 2002 as a holding company for the SMBC group (“the Group”) through a statutory share transfer (kabushiki iten) of all of the outstanding equity securities of Sumitomo Mitsui Banking Corporation (“SMBC”) in exchange for the Company’s newly issued securities. The Company is a joint stock corporation with limited liability (Kabushiki Kaisha) incorporated under the Companies Act of Japan. Upon formation of the Company and completion of the statutory share transfer, SMBC became a direct wholly owned subsidiary of the Company.

The Company has prepared the accompanying consolidated financial statements in accordance with the provisions set forth in the Japanese Financial Instruments and Exchange Act and its related accounting regulations, and in conformity with accounting principles generally accepted in Japan (“Japanese GAAP”), which are different in certain respects as to application and disclosure requirements from International Financial Reporting Standards (“IFRS”).

The accounts of overseas subsidiaries and affiliated companies are, in principle, integrated with those of the Company’s accounting policies for purposes of consolidation unless they apply different accounting principles and standards as required under U.S. GAAP or IFRS, in which case a certain limited number of items are adjusted based on their materiality.

These consolidated financial statements are translated from the consolidated financial statements contained in the quarterly securities report filed under the Financial Instruments and Exchange Act of Japan (“FIEA based financial statements”) except for the addition of U.S. dollar figures.

Amounts less than ¥1 million have been rounded down. As a result, the totals in Japanese yen shown in the financial statements do not necessarily agree with the sum of the individual amounts.

The translation of the Japanese yen amounts into U.S. dollars is included solely for the convenience of readers outside Japan, using the prevailing exchange rate at June 30, 2022 which was ¥136.64 to US$1. These translations should not be construed as representations that the Japanese yen amounts have been, could have been, or could in the future be, converted into U.S. dollars at that rate.

—5—

(Changes in the scope of consolidation or in the scope of equity method)

(1) Significant changes in the scope of consolidation

Not applicable.

(2) Significant changes in the scope of equity method

Not applicable.

(Changes in accounting policies)

Application of Implementation Guidance on Accounting Standard for Fair Value Measurement

The Company applied “Implementation Guidance on Accounting Standard for Fair Value Measurement” (ASBJ Guidance No.31, June 17, 2021) from the beginning of the period for the three months ended June 30, 2022. In accordance with the transitional treatment set forth in Paragraph 27-2 of Implementation Guidance on Accounting Standard for Fair Value Measurement, the Company has prospectively adopted the new accounting policy set forth in Implementation Guidance on Accounting Standard for Fair Value Measurement. There are no effects on quarterly consolidated financial statements due to the application of the Implementation Guidance.

—6—

(Applied special accounting methods used for preparing quarterly consolidated financial statements)

Accounting treatment of tax expenses

The Company and certain domestic consolidated subsidiaries calculated tax expenses by multiplying Income before income taxes by an effective tax rate that was reasonably estimated by applying tax effect accounting to estimated Income before income taxes for the fiscal year ending March 31, 2023 including the period for the three months ended June 30, 2022. Amounts of Income taxes include Income taxes-deferred.

(Additional information)

1. Transition from the consolidated corporate-tax system to the group tax sharing system

The Company and certain consolidated domestic subsidiaries transitioned from the consolidated corporate-tax system to the group tax sharing system from the beginning of the period for the three months ended June 30, 2022. In accordance with the transition, the accounting treatment and disclosure of corporate tax, local tax and tax effect accounting are based on “Practical Solution on the Accounting and Disclosure Under the Group Tax Sharing System” (ASBJ Practical Issue Task Force No. 42, August 12, 2021). Based on Paragraph 32(1) of ASBJ Practical Issue Task Force No. 42, it is deemed that changes in accounting policy by applying ASBJ Practical Issue Task Force No. 42 have no effect.

2. Repurchase and cancellation of own shares

On November 12, 2021, the Board of Directors of the Company resolved to repurchase its own shares under Article 8 of its Articles of Incorporation pursuant to Paragraph 1 of Article 459 of the Companies Act and cancel the repurchased shares pursuant to Article 178 of the Companies Act.

(1) Reason for the Repurchase of Own Shares

The Company will proceed with a flexible repurchase of its own shares in order to enhance shareholder return and improve capital efficiency.

(2) Outline of the Repurchase

(a) Type of shares to be repurchased: Common stock

(b) Aggregate number of shares to be repurchased:

Up to 33,000,000 shares (Equivalent to 2.4% of the number of shares issued (excluding treasury stock))

(c) Aggregate amount of shares to be repurchased: Up to 100 billion yen

(d) Repurchase period: From November 15, 2021 to November 11, 2022

(e) Repurchase method:

Market purchases based on a discretionary dealing contract regarding repurchase of its own shares

(3) Outline of the Cancellation

(a) Type of shares to be cancelled: Common stock

(b) Number of shares to be cancelled: All of shares repurchased as stated in 2) above.

(c) Scheduled cancellation date: December 20, 2022

The Company had not conducted the repurchase and cancellation pursuant to the resolution of the Board of Directors as of the end of the period.

—7—

(Notes to quarterly consolidated balance sheets)

*1 Claims under the Banking Act and the Act on Emergency Measures for the Revitalization of Financial Functions

Claims under the Banking Act and the Act on Emergency Measures for the Revitalization of Financial Functions are as follows. The claims are items that are recorded under the following items on the quarterly consolidated balance sheet (consolidated balance sheet): bonds included in “Securities” (limited to bonds for which the redemption of principal and the payment of interest in whole or in part are guaranteed, and that are issued through private placements (under Article 2, Paragraph 3 of the Financial Instruments and Exchange Act)), loans and bills discounted, foreign exchanges, accrued interest and suspense payments included in “Other assets,” and customers’ liabilities for acceptances and guarantees. If security lending listed in the notes is conducted, such securities (limited to those based on loan for a use agreement or lease agreement) are also included in the claims.

	Millions of yen
	March 31, 2022		June 30, 2022
Bankrupt and quasi-bankrupt loans	¥	99,256	¥	144,992
Doubtful loans		643,881		532,122
Substandard loans		414,422		395,447
Past due loans (3 months or more)		13,553		15,325
Restructured loans		400,868		380,121
Subtotal		1,157,560		1,072,562
Normal loans		106,019,459		115,119,364
Total	¥	107,177,019	¥	116,191,927

The amounts of loans presented above are the amounts before deduction of reserve for possible loan losses.

*2 Guaranteed amount to privately-placed bonds

The amounts guaranteed by banking subsidiaries to privately-placed bonds (stipulated by Article 2, Paragraph 3 of the Financial Instruments and Exchange Act) in “Securities” at March 31, 2022 and June 30, 2022 were as follows:

	Millions of yen
	March 31, 2022		June 30, 2022
Guaranteed amount to privately-placed bonds	¥	1,342,460	¥	1,330,045

—8—

(Notes to quarterly consolidated statements of income)

*1 Other income

“Other income” for the three months ended June 30, 2021 and 2022 included the following:

Three months ended June 30, 2021	Millions of yen		Three months ended June 30, 2022	Millions of yen
Gains on sales of stocks	¥	44,722	Gains on sales of stocks	¥	55,535
Equity in gains of affiliates		13,275	Equity in gains of affiliates		32,712

*2 Other expenses

“Other expenses” for the three months ended June 30, 2021 and 2022 included the following:

Three months ended June 30, 2021	Millions of yen		Three months ended June 30, 2022	Millions of yen
Write-off of loans	¥	26,166	Write-off of loans	¥	26,898
			Losses on sales of stocks		14,230

*3 Extraordinary gains

“Extraordinary gains” for the three months ended June 30, 2021 and 2022 included the following:

Three months ended June 30, 2021	Millions of yen		Three months ended June 30, 2022	Millions of yen
Gains on disposal of fixed assets	¥	16	Gains on disposal of fixed assets	¥	10

*4 Extraordinary losses

“Extraordinary losses” for the three months ended June 30, 2021 and 2022 included the following:

Three months ended June 30, 2021	Millions of yen		Three months ended June 30, 2022	Millions of yen
Losses on impairment of fixed assets	¥	1,790	Losses on impairment of fixed assets	¥	629
Losses on disposal of fixed assets		627	Losses on disposal of fixed assets		368

—9—

(Notes to quarterly consolidated statements of cash flows)

Quarterly consolidated statements of cash flows were not prepared for the three months ended June 30, 2022. “Depreciation” (including amortization of intangible fixed assets other than goodwill) and “Amortization of goodwill” for the three months ended June 30, 2021 and 2022 were as follows:

	Millions of yen
Three months ended June 30	2021		2022
Depreciation	¥	54,129	¥	58,946
Amortization of goodwill		3,849		8,209

(Notes to stockholders’ equity)

Dividends paid in the three months ended June 30, 2021

Date of resolution	Type of shares		Millions of yen, except per share amount
			Cash dividends		Cash dividends     per share		Record date	Effective date	Source of dividends
Ordinary general meeting of shareholders held on June 29, 2021		Common stock	¥	130,190	¥	95	March 31, 2021	June 30, 2021		Retained earnings

Dividends paid in the three months ended June 30, 2022

Date of resolution	Type of shares		Millions of yen, except per share amount
			Cash dividends		Cash dividends     per share		Record date	Effective date	Source of dividends
Ordinary general meeting of shareholders held on June 29, 2022		Common stock	¥	143,936	¥	105	March 31, 2022	June 30, 2022		Retained earnings

—10—

(Notes to segment and other related information)

[Segment information]

1. Information on profit and loss amount by reportable segment

Three months ended June 30, 2021	Millions of yen
	Wholesale Business Unit		Retail Business Unit		Global Business Unit		Global Markets Business Unit		Head office account and others			Total
Consolidated gross profit	¥	148,200	¥	279,400	¥	187,900	¥	132,900	¥	(56,622	)	¥	691,778
General and administrative expenses		(74,600)		(233,300)		(106,300)		(21,400)		(2,380	)		(437,980)
Others		12,200		300		11,700		8,300		(19,225	)		13,275
Consolidated net business profit	¥	85,800	¥	46,400	¥	93,300	¥	119,800	¥	(78,227	)	¥	267,073

Notes:	1.	Figures shown in the parenthesis represent the loss.
	2.	“Others” includes equity in profit and loss of affiliates and cooperated profit and loss based on internal managerial accounting.
	3.	“Head office account and others” includes profit or loss to be eliminated as inter-segment transactions.

Three months ended June 30, 2022	Millions of yen
	Wholesale Business Unit		Retail Business Unit		Global Business Unit		Global Markets Business Unit		Head office account and others			Total
Consolidated gross profit	¥	166,700	¥	271,700	¥	268,100	¥	136,200	¥	(45,783	)	¥	796,917
General and administrative expenses		(73,400)		(230,800)		(145,200)		(27,200)		(7,421	)		(484,021)
Others		15,700		800		32,500		6,800		(23,088	)		32,712
Consolidated net business profit	¥	109,000	¥	41,700	¥	155,400	¥	115,800	¥	(76,291	)	¥	345,609

Notes:	1.	Figures shown in the parenthesis represent the loss.
	2.	“Others” includes equity in profit and loss of affiliates and cooperated profit and loss based on internal managerial accounting.
	3.	“Head office account and others” includes profit or loss to be eliminated as inter-segment transactions.

2. Difference between total amount of consolidated net business profit by reportable segment and ordinary profit on quarterly consolidated statements of income (adjustment of difference)

Three months ended June 30, 2021	Millions of yen
Consolidated net business profit	¥	267,073
Other ordinary income (excluding equity in gains of affiliates)		66,110
Other ordinary expenses		(45,943)
Ordinary profit on quarterly consolidated statements of income	¥	287,240

Note:    Figures shown in the parenthesis represent the loss.

Three months ended June 30, 2022	Millions of yen
Consolidated net business profit	¥	345,609
Other ordinary income (excluding equity in gains of affiliates)		63,997
Other ordinary expenses		(59,932)
Ordinary profit on quarterly consolidated statements of income	¥	349,674

Note:    Figures shown in the parenthesis represent the loss.

—11—

(Notes to financial instruments)

There are no significant matters to be disclosed regarding financial instruments.

(Notes to securities)

The amounts shown in the following tables include negotiable certificates of deposit classified as “Cash and due from banks” and beneficiary claims on loan trust classified as “Monetary claims bought,” in addition to “Securities” stated in the quarterly consolidated balance sheets.

1.    Bonds classified as held-to-maturity

	Millions of yen
	Consolidated				Net unrealized
March 31, 2022	balance sheet amount		Fair value		gains (losses)
Japanese government bonds	¥	—	¥	—	¥	—
Japanese local government bonds		25,741		25,522		(218	)
Japanese corporate bonds		—		—		—
Other		—		—		—
Total	¥	25,741	¥	25,522	¥	(218	)
Note:      The fair values are based on their market prices and others at the end of the fiscal year.
	Millions of yen
	Quarterly consolidated				Net unrealized
June 30, 2022	balance sheet amount		Fair value		gains (losses)
Japanese government bonds	¥	4,994	¥	4,998	¥	3
Japanese local government bonds		35,941		35,567		(374	)
Japanese corporate bonds		—		—		—
Other		—		—		—
Total	¥	40,936	¥	40,565	¥	(370	)
Note:      The fair values are based on their market prices and others at the end of the period.

—12—

2. Other securities

	Millions of yen
March 31, 2022	Acquisition cost		Consolidated  balance sheet amount		Net unrealized gains (losses)
Stocks	¥	1,203,355	¥	3,237,013	¥	2,033,658
Bonds		19,610,383		19,560,308		(50,074)
Japanese government bonds		15,821,296		15,774,197		(47,099)
Japanese local government bonds		1,154,551		1,145,496		(9,054)
Japanese corporate bonds		2,634,535		2,640,615		6,080
Other		14,473,249		14,766,875		293,625
Total	¥	35,286,988	¥	37,564,198	¥	2,277,209

Notes:	1.	Consolidated balance sheet amount is measured at fair value based on its market price and others at the end of the fiscal year.
	2.	Net unrealized gains (losses) on other securities shown above include gains of ¥2,122 million for the fiscal year ended March 31, 2022 that are recognized in the earnings by applying fair value hedge accounting.

	Millions of yen
June 30, 2022	Acquisition cost		Quarterly consolidated balance sheet amount		Net unrealized gains (losses)
Stocks	¥	1,189,793	¥	3,098,330	¥	1,908,537
Bonds		19,731,130		19,664,295		(66,835)
Japanese government bonds		15,831,961		15,779,237		(52,723)
Japanese local government bonds		1,205,719		1,191,490		(14,229)
Japanese corporate bonds		2,693,450		2,693,567		117
Other		15,543,265		15,449,269		(93,995)
Total	¥	36,464,188	¥	38,211,895	¥	1,747,706

Notes:	1.	Quarterly consolidated balance sheet amount is measured at fair value based on its market price and others at the end of the period.
	2.	Net unrealized gains (losses) on other securities shown above include losses of ¥17 million for the three months ended June 30, 2022 that are recognized in the earnings by applying fair value hedge accounting.

—13—

3.    Write-down of securities

Bonds classified as held-to-maturity and other securities (excluding other securities whose quarterly consolidated balance sheet amounts are not measured at fair value) are considered as impaired if the fair value decreases materially below the acquisition cost and such decline is not considered as recoverable. The fair value is recognized as the quarterly consolidated balance sheet amount (consolidated balance sheet amount) and the amount of write-down is accounted for as valuation loss for the period. Valuation losses for the fiscal year ended March 31, 2022 and for the three months ended June 30, 2022 were ¥4,688 million and ¥8,482 million, respectively. The rule for determining “material decline” is as follows and is based on the classification of issuers under the rules of self-assessment of assets.

Bankrupt/Effectively bankrupt/Potentially bankrupt issuers:	Fair value is lower than acquisition cost.
Issuers requiring caution:	Fair value is 30% or lower than acquisition cost.
Normal issuers:	Fair value is 50% or lower than acquisition cost.

Bankrupt issuers: Issuers that are legally bankrupt or formally declared bankrupt.

Effectively bankrupt issuers: Issuers that are not legally bankrupt but regarded as substantially bankrupt.

Potentially bankrupt issuers: Issuers that are not bankrupt now, but are perceived to have a high risk of falling into bankruptcy.

Issuers requiring caution: Issuers that are identified for close monitoring.

Normal issuers: Issuers other than the above 4 categories of issuers.

(Notes to money held in trust)

1. Money held in trust classified as held-to-maturity

Fiscal year ended March 31, 2022

There are no corresponding transactions.

Three months ended June 30, 2022

There are no corresponding transactions.

2. Other money held in trust (Other than trading and held to maturity)

	Millions of yen
March 31, 2022	Acquisition cost		Consolidated balance sheet amount		Net unrealized gains (losses)
Other money held in trust	¥	310	¥	310	¥	—

Note:    Consolidated balance sheet amount is measured at fair value based on its market price and others at the end of the fiscal year.

	Millions of yen
June 30, 2022	Acquisition cost		Quarterly consolidated balance sheet amount		Net unrealized gains (losses)
Other money held in trust	¥	310	¥	310	¥	—

Note:    Quarterly consolidated balance sheet amount is measured at fair value based on its market price and others at the end of the period.

—14—

(Notes to derivative transactions)

(1) Interest rate derivatives

	Millions of yen
March 31, 2022	Contract amount		Fair Value		Valuation     gains (losses)
Listed
Interest rate futures	¥	142,753,490	¥	2,663	¥	2,663
Interest rate options		450,578,969		394,362		394,362
Over-the-counter
Forward rate agreements		12,575,210		(28)		(28)
Interest rate swaps		661,604,364		(121,168)		(121,168)
Interest rate swaptions		26,687,532		(10,506)		(10,506)
Caps		107,838,182		(505,738)		(505,738)
Floors		7,576,704		4,260		4,260
Other		14,037,668		58,115		58,115
Total		/	¥	(178,039)	¥	(178,039)

Note:	The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the consolidated statements of income.
	Derivative transactions to which the hedge accounting method is applied are not included in the table above.

	Millions of yen
June 30, 2022	Contract amount		Fair Value		Valuation     gains (losses)
Listed
Interest rate futures	¥	158,047,519	¥	(10,565)	¥	(10,565)
Interest rate options		544,118,106		191,747		191,747
Over-the-counter
Forward rate agreements		14,985,368		2,155		2,155
Interest rate swaps		903,239,021		(292,560)		(292,560)
Interest rate swaptions		38,075,720		(22,188)		(22,188)
Caps		122,852,246		(870,606)		(870,606)
Floors		9,361,613		10,279		10,279
Other		21,648,778		81,711		81,711
Total		/	¥	(910,026)	¥	(910,026)

Note:	The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the quarterly consolidated statements of income.
	Derivative transactions to which the hedge accounting method is applied are not included in the table above.

—15—

(2) Currency derivatives

	Millions of yen
March 31, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Currency futures	¥	10,758	¥	(103)	¥	(103)
Over-the-counter
Currency swaps		86,400,103		615,163		242,608
Currency swaptions		693,027		91		91
Forward foreign exchange		86,861,074		(184,625)		(184,625)
Currency options		9,911,292		(24,867)		(24,867)
Total		/	¥	405,658	¥	33,103

Note: The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the consolidated statements of income. Derivative transactions to which the hedge accounting method is applied are not included in the table above. In addition, transactions related to financial assets and liabilities denominated in foreign currencies and recognized in the consolidated balance sheets, or transactions related to financial assets and liabilities denominated in foreign currencies which have been eliminated in the consolidation are not included in the table above.

	Millions of yen
June 30, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Currency futures	¥	10,633	¥	(2,134)	¥	(2,134)
Over-the-counter
Currency swaps		96,476,590		1,172,301		297,745
Currency swaptions		1,115,410		400		400
Forward foreign exchange		109,198,539		(129,232)		(129,232)
Currency options		7,622,497		(59,424)		(59,424)
Total		/	¥	981,911	¥	107,354

Note: The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the quarterly consolidated statements of income. Derivative transactions to which the hedge accounting method is applied are not included in the table above. In addition, transactions related to financial assets and liabilities denominated in foreign currencies and recognized in the quarterly consolidated balance sheets, or transactions related to financial assets and liabilities denominated in foreign currencies which have been eliminated in the consolidation are not included in the table above.

—16—

(3) Equity derivatives

	Millions of yen
March 31, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Equity price index futures	¥	1,228,695	¥	(22,042)	¥	(22,042)
Equity price index options		1,252,614		(47,940)		(47,940)
Over-the-counter
Equity options		249,895		22,992		22,992
Equity price index swaps		330,918		48,697		48,697
Total		/	¥	1,707	¥	1,707

Note: The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the consolidated statements of income. Derivative transactions to which the hedge accounting method is applied are not included in the table above.

	Millions of yen
June 30, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Equity price index futures	¥	1,235,346	¥	6,129	¥	6,129
Equity price index options		1,171,799		(46,816)		(46,816)
Over-the-counter
Equity options		259,498		31,855		31,855
Equity index forward contracts		290		(7)		(7)
Equity price index swaps		344,280		95,383		95,383
Total		/	¥	86,544	¥	86,544

Note: The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the quarterly consolidated statements of income. Derivative transactions to which the hedge accounting method is applied are not included in the table above.

—17—

(4) Bond derivatives

	Millions of yen
March 31, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Bond futures	¥	8,027,933	¥	(3,306)	¥	(3,306)
Bond futures options		30,275		12		12
Over-the-counter
Bond forward contracts		59,827		1,438		1,438
Bond options		96,516		(31)		(31)
Total		/	¥	(1,886)	¥	(1,886)

Note: The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the consolidated statements of income. Derivative transactions to which the hedge accounting method is applied are not included in the table above.

	Millions of yen
June 30, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Bond futures	¥	9,646,344	¥	1,520	¥	1,520
Bond futures options		89,849		26		26
Over-the-counter
Bond options		272,190		26		26
Total		/	¥	1,572	¥	1,572

Note: The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the quarterly consolidated statements of income. Derivative transactions to which the hedge accounting method is applied are not included in the table above.

—18—

(5) Commodity derivatives

	Millions of yen
March 31, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Commodity futures	¥	11,185	¥	1,210	¥	1,210
Over-the-counter
Commodity swaps		138,269		297		297
Commodity options		3,790		(490)		(490)
Total		/	¥	1,016	¥	1,016

Notes:	1.	The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the consolidated statements of income.
		Derivative transactions to which the hedge accounting method is applied are not included in the table above.
	2.	Underlying assets of commodity derivatives are fuels and metals.

	Millions of yen
June 30, 2022	Contract amount		Fair value		Valuation     gains (losses)
Listed
Commodity futures	¥	18,589	¥	1,008	¥	1,008
Over-the-counter
Commodity swaps		123,910		(275)		(275)
Commodity options		5,106		(577)		(577)
Total		/	¥	155	¥	155

Notes:	1.	The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the quarterly consolidated statements of income.
		Derivative transactions to which the hedge accounting method is applied are not included in the table above.
	2.	Underlying assets of commodity derivatives are fuels and metals.

(6) Credit derivative transactions

	Millions of yen
March 31, 2022	Contract amount		Fair value		Valuation     gains (losses)
Over-the-counter
Credit default options	¥	2,981,181	¥	(1,352)	¥	(1,352)
Total		/	¥	(1,352)	¥	(1,352)

Note:	The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the consolidated statements of income.
	Derivative transactions to which the hedge accounting method is applied are not included in the table above.

	Millions of yen
June 30, 2022	Contract amount		Fair value		Valuation     gains (losses)
Over-the-counter
Credit default options	¥	3,009,981	¥	4,125	¥	4,125
Total		/	¥	4,125	¥	4,125

Note:	The above transactions are valued at fair value and the valuation gains (losses) are accounted for in the quarterly consolidated statements of income.
	Derivative transactions to which the hedge accounting method is applied are not included in the table above.

—19—

(Business combination)

There is no significant business combination to be disclosed.

(Revenue recognition)

Information on breakdown of revenues from contracts with customers.

Three months ended June 30	Millions of yen
	2021		2022
Ordinary income	¥	951,725	¥	1,331,703
Fees and commissions		327,317		336,330
Deposits and loans		38,082		55,979
Remittances and transfers		35,873		36,317
Securities-related business		43,394		29,887
Agency		2,237		2,264
Safe deposits		1,997		1,924
Guarantees		20,314		21,516
Credit card business		79,396		88,489
Investment trusts		46,845		38,196
Others		59,173		61,753

Note:    Fees and commissions obtained through Deposits and loans principally arise in the Wholesale Business Unit and the Global Business Unit, Remittances and transfers principally arise in the Wholesale Business Unit, the Retail Business Unit, and the Global Business Unit, Securities-related business principally arise in the Wholesale Business Unit, the Retail Business Unit, and the Global Business Unit, Credit card business principally arise in the Retail Business Unit, and Investment trusts principally arise in the Retail Business Unit and Head office account and others. Income based on “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, July 4, 2019) is also included in the table above.

—20—

(Per share data)

Earnings per share, earnings per share (diluted) and each calculation method were as follows:

Three months ended June 30	Millions of yen, except per share data and number of shares
	2021		2022
(i) Earnings per share	¥	148.30	¥	184.14
[The calculation method]
Profit attributable to owners of parent		203,243		252,439
Amount not attributable to common stockholders		—		—
Profit attributable to owners of parent concerning common stock		203,243		252,439
Average number of common stock during the period (in thousands)		1,370,486		1,370,881
(ii) Earnings per share (diluted)	¥	148.24	¥	184.08
[The calculation method]
Adjustment for profit attributable to owners of parent		—		—
Adjustment of dilutive shares issued by consolidated subsidiaries and equity method affiliates		—		—
Increase in the number of common stock (in thousands)		597		500
Stock acquisition rights (in thousands)		597		500
Outline of dilutive shares which were not included in the calculation of “Earnings Per Share (diluted)” because they do not have dilutive effect and have significant changes from the fiscal year ended March 31, 2022:		—		—

(Significant subsequent events)

There are no significant subsequent events to be disclosed.

(Others)

Not applicable.

—21—