Sumitomo Mitsui Financial Group Inc (SMFG) - Net Assets
Based on the latest financial reports, Sumitomo Mitsui Financial Group Inc (SMFG) has net assets worth $16.00 Trillion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($329.94 Trillion) and total liabilities ($313.93 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset growth rate of Sumitomo Mitsui Financial Group Inc to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.00 Trillion |
| % of Total Assets | 4.85% |
| Annual Growth Rate | 7.36% |
| 5-Year Change | 31.19% |
| 10-Year Change | 34.62% |
| Growth Volatility | 18.62 |
Sumitomo Mitsui Financial Group Inc - Net Assets Trend (2000–2026)
This chart illustrates how Sumitomo Mitsui Financial Group Inc's net assets have evolved over time, based on quarterly financial data. Check SMFG PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Annual Net Assets for Sumitomo Mitsui Financial Group Inc (2000–2026)
The table below shows the annual net assets of Sumitomo Mitsui Financial Group Inc from 2000 to 2026. For live market cap and overall valuation, see how much is Sumitomo Mitsui Financial Group Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $16.00 Trillion | +7.82% |
| 2025-03-31 | $14.84 Trillion | +0.28% |
| 2024-03-31 | $14.80 Trillion | +15.71% |
| 2023-03-31 | $12.79 Trillion | +4.87% |
| 2022-03-31 | $12.20 Trillion | +2.51% |
| 2021-03-31 | $11.90 Trillion | +10.33% |
| 2020-03-31 | $10.78 Trillion | -5.82% |
| 2019-03-31 | $11.45 Trillion | -1.39% |
| 2018-03-31 | $11.61 Trillion | -2.31% |
| 2017-03-31 | $11.89 Trillion | +13.78% |
| 2016-03-31 | $10.45 Trillion | -2.32% |
| 2015-03-31 | $10.70 Trillion | +13.57% |
| 2014-03-31 | $9.42 Trillion | +11.55% |
| 2013-03-31 | $8.44 Trillion | +16.38% |
| 2012-03-31 | $7.25 Trillion | +1.72% |
| 2011-03-31 | $7.13 Trillion | -5.68% |
| 2010-03-31 | $7.56 Trillion | +63.96% |
| 2009-03-31 | $4.61 Trillion | -11.72% |
| 2008-03-31 | $5.22 Trillion | -2.01% |
| 2007-03-31 | $5.33 Trillion | -4.24% |
| 2006-03-31 | $5.57 Trillion | +46.63% |
| 2005-03-31 | $3.80 Trillion | -6.59% |
| 2004-03-31 | $4.06 Trillion | +18.82% |
| 2003-03-31 | $3.42 Trillion | -12.21% |
| 2002-03-31 | $3.90 Trillion | +52.22% |
| 2001-03-31 | $2.56 Trillion | +1.26% |
| 2000-03-31 | $2.53 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sumitomo Mitsui Financial Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4396.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.91 Trillion | 56.20% |
| Common Stock | $2.36 Trillion | 14.87% |
| Other Comprehensive Income | $4.02 Trillion | 25.37% |
| Other Components | $565.64 Billion | 3.57% |
| Total Equity | $15.85 Trillion | 100.00% |
Sumitomo Mitsui Financial Group Inc Competitors by Market Cap
The table below lists competitors of Sumitomo Mitsui Financial Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Union Pacific Corporation
NYSE:UNP
|
$159.28 Billion |
|
Deutsche Telekom AG
XETRA:DTE
|
$160.46 Billion |
|
Eaton Corporation PLC
NYSE:ETN
|
$162.78 Billion |
|
AT&T Inc.
NYSE:T
|
$163.02 Billion |
|
Novo Nordisk A/S
CO:NOVO-B
|
$158.71 Billion |
|
Western Digital Corporation
NASDAQ:WDC
|
$158.36 Billion |
|
Booking Holdings Inc
NASDAQ:BKNG
|
$157.50 Billion |
|
The TJX Companies Inc
NYSE:TJX
|
$155.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sumitomo Mitsui Financial Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 14,704,201,000,000 to 15,854,518,754,000, a change of 1,150,317,754,000 (7.8%).
- Net income of 1,678,439,752,000 contributed positively to equity growth.
- Dividend payments of 572,641,519,000 reduced retained earnings.
- Share repurchases of 265,738,594,000 reduced equity.
- New share issuances of 1,670,000,000 increased equity.
- Other comprehensive income increased equity by 527,881,944,000.
- Other factors decreased equity by 219,293,829,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.68 Trillion | +10.59% |
| Dividends Paid | $572.64 Billion | -3.61% |
| Share Repurchases | $265.74 Billion | -1.68% |
| Share Issuances | $1.67 Billion | +0.01% |
| Other Comprehensive Income | $527.88 Billion | +3.33% |
| Other Changes | $-219.29 Billion | -1.38% |
| Total Change | $- | 7.82% |
Book Value vs Market Value Analysis
This analysis compares Sumitomo Mitsui Financial Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-03-31 | $1479.87 | $25.05 | x |
| 2001-03-31 | $1364.91 | $25.05 | x |
| 2002-03-31 | $1760.55 | $25.05 | x |
| 2003-03-31 | $1464.17 | $25.05 | x |
| 2004-03-31 | $1620.75 | $25.05 | x |
| 2005-03-31 | $1576.41 | $25.05 | x |
| 2006-03-31 | $2001.65 | $25.05 | x |
| 2007-03-31 | $1728.57 | $25.05 | x |
| 2008-03-31 | $1576.93 | $25.05 | x |
| 2009-03-31 | $1022.62 | $25.05 | x |
| 2010-03-31 | $1762.16 | $25.05 | x |
| 2011-03-31 | $1217.86 | $25.05 | x |
| 2012-03-31 | $1251.78 | $25.05 | x |
| 2013-03-31 | $1561.88 | $25.05 | x |
| 2014-03-31 | $1874.54 | $25.05 | x |
| 2015-03-31 | $2198.84 | $25.05 | x |
| 2016-03-31 | $2172.42 | $25.05 | x |
| 2017-03-31 | $2525.51 | $25.05 | x |
| 2018-03-31 | $2454.44 | $25.05 | x |
| 2019-03-31 | $2567.73 | $25.05 | x |
| 2020-03-31 | $2597.54 | $25.05 | x |
| 2021-03-31 | $2876.08 | $25.05 | x |
| 2022-03-31 | $2941.18 | $25.05 | x |
| 2023-03-31 | $3096.32 | $25.05 | x |
| 2024-03-31 | $3676.07 | $25.05 | x |
| 2025-03-31 | $3763.17 | $25.05 | x |
| 2026-03-31 | $2475.20 | $25.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sumitomo Mitsui Financial Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.51%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 20.81x
- Recent ROE (10.59%) is above the historical average (7.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 2.83% | 4.43% | 0.03x | 21.96x | $-158.27 Billion |
| 2001 | 2.25% | 3.66% | 0.03x | 23.83x | $-168.64 Billion |
| 2002 | 15.93% | 15.05% | 0.03x | 37.08x | $172.63 Billion |
| 2003 | 19.20% | 15.01% | 0.03x | 43.15x | $222.95 Billion |
| 2004 | 10.76% | 9.84% | 0.03x | 33.28x | $23.32 Billion |
| 2005 | -8.44% | -7.23% | 0.03x | 35.93x | $-511.77 Billion |
| 2006 | 15.42% | 23.97% | 0.03x | 24.02x | $241.40 Billion |
| 2007 | 11.25% | 15.74% | 0.03x | 25.71x | $49.05 Billion |
| 2008 | 12.90% | 14.88% | 0.03x | 31.29x | $103.70 Billion |
| 2009 | -15.12% | -15.38% | 0.02x | 48.44x | $-620.44 Billion |
| 2010 | 9.59% | 19.77% | 0.02x | 22.30x | $-22.73 Billion |
| 2011 | 9.34% | 13.34% | 0.03x | 27.05x | $-33.58 Billion |
| 2012 | 9.95% | 14.10% | 0.03x | 27.45x | $-2.57 Billion |
| 2013 | 12.51% | 20.74% | 0.03x | 23.43x | $159.41 Billion |
| 2014 | 9.97% | 23.66% | 0.02x | 20.63x | $-2.32 Billion |
| 2015 | 8.35% | 17.95% | 0.02x | 20.33x | $-148.84 Billion |
| 2016 | 7.25% | 15.49% | 0.02x | 20.93x | $-244.98 Billion |
| 2017 | 6.12% | 18.99% | 0.02x | 18.41x | $-402.43 Billion |
| 2018 | 7.07% | 15.34% | 0.02x | 19.15x | $-304.96 Billion |
| 2019 | 6.75% | 16.61% | 0.02x | 18.90x | $-350.63 Billion |
| 2020 | 6.56% | 16.47% | 0.02x | 20.51x | $-368.32 Billion |
| 2021 | 4.34% | 14.37% | 0.01x | 20.51x | $-670.01 Billion |
| 2022 | 5.84% | 18.58% | 0.01x | 21.30x | $-503.34 Billion |
| 2023 | 6.35% | 13.94% | 0.02x | 21.32x | $-462.32 Billion |
| 2024 | 6.57% | 10.98% | 0.03x | 20.14x | $-503.16 Billion |
| 2025 | 8.01% | 12.20% | 0.03x | 20.83x | $-292.42 Billion |
| 2026 | 10.59% | 15.51% | 0.03x | 20.81x | $92.99 Billion |
Industry Comparison
This section compares Sumitomo Mitsui Financial Group Inc's net assets metrics with peer companies in the Banks - Diversified industry.
Industry Context
- Industry: Banks - Diversified
- Average net assets among peers: $1,056,171,004,018
- Average return on equity (ROE) among peers: 8.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sumitomo Mitsui Financial Group Inc (SMFG) | $16.00 Trillion | 2.83% | 19.62x | $159.15 Billion |
| Bank of America Corp (BAC) | $177.05 Billion | 2.26% | 9.27x | $391.45 Billion |
| Banco Bilbao Viscaya Argentaria SA ADR (BBVA) | $61.80 Billion | 17.01% | 12.91x | $122.53 Billion |
| The Bank of New York Mellon Corporation (BK) | $2.79 Billion | 7.63% | 15.97x | $94.14 Billion |
| The Bank of New York Mellon Corporation (BNY) | $34.20 Billion | 7.36% | 8.51x | $106.94 Billion |
| Citigroup Inc. (C) | $47.17 Billion | 14.73% | 13.18x | $214.65 Billion |
| ING Group NV ADR (ING) | $834.65 Billion | 0.57% | 0.14x | $80.23 Billion |
| JPMorgan Chase & Co (JPM) | $261.33 Billion | 13.94% | 9.28x | $934.57 Billion |
| Mitsubishi UFJ Financial Group Inc ADR (MUFG) | $9.10 Trillion | 9.54% | 20.98x | $194.79 Billion |
| Bank of N.T. Butterfield & Son Ltd (NTB) | $355.46 Million | 0.00% | 25.99x | $2.21 Billion |
| Banco Santander SA ADR (SAN) | $39.52 Billion | 15.73% | 19.46x | $167.40 Billion |
About Sumitomo Mitsui Financial Group Inc
Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania. It operates through Wholesale Business Unit, Retail Business Unit, Global Business Unit, and Global Markets Business Unit segments. The Wholesale Business Unit segment offers bilateral… Read more