Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Sumitomo Mitsui Financial Group ( (JP:8316) ) has provided an update.
Sumitomo Mitsui Financial Group announced corrections to its consolidated financial results for the fiscal year ended March 31, 2025, under Japanese GAAP. The corrections address errors in net exchange gains and losses, bond issuance and redemption, and cash flow statements. These adjustments impact the company’s reported cash flows from operating activities, which were revised from ¥4,969.4 billion to ¥4,848.5 billion, reflecting a year-on-year increase of ¥4,205.6 billion. The corrections ensure the accuracy of financial reporting, which is crucial for maintaining stakeholder trust and regulatory compliance.
The most recent analyst rating on (JP:8316) stock is a Buy with a Yen11700.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Financial Group stock, see the JP:8316 Stock Forecast page.
More about Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group, Inc. is a major financial services company based in Tokyo, Japan. It operates in the banking and financial services industry, offering a range of products and services including commercial banking, leasing, securities, and consumer finance. The company focuses on both domestic and international markets, providing comprehensive financial solutions to a diverse clientele.
Average Trading Volume: 16,631,383
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen14010.1B
For an in-depth examination of 8316 stock, go to TipRanks’ Overview page.