The strong Q1 beat across all key metrics with maintained guidance and higher dividend supports positive momentum. Monitor for continued margin expansion and credit cost trends in subsequent quarters. The stock split and buyback may provide additional near-term support.
Price Chart
Executive Summary
SMFG reported strong Q1 FY2026 results with ordinary income up 16.6% YoY to ¥2,850,426M and profit attributable to owners of parent up 33.0% to ¥501,372M. EPS rose to ¥131.62 from ¥97.46. The company maintained its full-year earnings forecast of ¥1,700,000M (+7.4% YoY) and increased the annual dividend forecast to ¥180 per share (pre-split). Credit quality improved with the consolidated NPL ratio falling to 0.81% from 0.97%.
Key Facts
- Ordinary income ¥2,850,426M, +16.6% YoY
- Ordinary profit ¥693,136M, +43.4% YoY
- Profit attributable to owners of parent ¥501,372M, +33.0% YoY
- EPS ¥131.62 vs ¥97.46 YoY
- Dividend forecast raised to ¥180 annual (pre-split) from ¥157 prior year
- Full-year earnings forecast unchanged at ¥1,700,000M
- Consolidated NPL ratio improved to 0.81% from 0.97%
- Domestic interest spread expanded to 1.31% from 1.08%
- Stock split 2:1 with record date Sept 30, 2026, and share repurchase authorized
Financial Impact
Revenue +16.6%, profit +33%, EPS +35%, dividend +14.6%
Risk Factors
- Global economic slowdown could pressure loan growth and credit quality
- Interest rate normalization may impact net interest income trajectory
- Foreign exchange volatility affects overseas operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-326659 |
| Document: 0001193125-26-326659-index-headers.html | 0001193125-26-326659 |
| Document: 0001193125-26-326659-index.html | 0001193125-26-326659 |
| Document: 0001193125-26-326659.txt | 0001193125-26-326659 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | 6-K | $26.55 $26.72 | ▲ +0.64% | ▲ +1.14% | $25.28 (−4.78%) |
Sep 1, 2026 4w ago | 424B5 | $26.03 $26.31 | ▲ +1.08% | ▲ +0.99% | $25.28 (−2.88%) |
Aug 14, 2026 7w ago | 6-K | $26.32 $25.05 | ▼ −4.83% | ▼ −3.46% | $25.28 (−3.95%) |
Aug 3, 2026 8w ago | 6-K | $25.25 $25.32 | ▲ +0.28% | ▼ −1.75% | $25.28 (+0.12%) |
Jul 31, 2026 9w ago | 6-K | $25.88 $25.74 | ▼ −0.54% | ▼ −4.05% | $25.28 (−2.32%) |
Jul 7, 2026 12w ago | 6-K | $25.31 $26.26 | ▲ +3.75% | ▲ +3.20% | $25.28 (−0.12%) |
Jul 6, 2026 12w ago | 6-K | $25.51 $25.74 | ▲ +0.90% | ▲ +0.41% | $25.28 (−0.90%) |
Jul 6, 2026 12w ago | 6-K | $25.51 $25.74 | ▲ +0.90% | ▲ +0.41% | $25.28 (−0.90%) |
Jul 1, 2026 13w ago | 6-K | $24.05 $25.31 | ▲ +5.24% | ▲ +4.98% | $25.28 (+5.11%) |
Jun 29, 2026 13w ago | 424B5 | $23.71 $25.51 | ▲ +7.59% | ▲ +6.20% | $25.28 (+6.62%) |
US Market Status
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