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

Exhibit number
101. INS		Inline XBRL Instance Document–the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101. SCH		Inline XBRL Taxonomy Extension Schema
101. CAL		Inline XBRL Taxonomy Extension Calculation Linkbase
101. DEF		Inline XBRL Taxonomy Extension Definition Linkbase
101. LAB		Inline XBRL Taxonomy Extension Label Linkbase
101. PRE		Inline XBRL Taxonomy Extension Presentation Linkbase
104		The cover page for the Company’s Interim Report on Form 6-K for the six months ended September 30, 2022, has been formatted in Inline XBRL

		Page
Cautionary Statement Regarding Forward-Looking Statements			1
Financial Review			2
Recent Developments			2
Operating Environment			2
Developments Related to Our Business			4
Accounting Changes			6
Operating Results and Financial Condition			7
Executive Summary			7
Operating Results			8
Business Segment Analysis			16
Financial Condition			20
Liquidity			33
Capital Management			36
Financial Risk Management			40
Risk Management System			40
Credit Risk			40
Market Risk			40

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. (the “Company”) and its management with respect to the Company’s future financial condition and results of operations. In many cases but not all, these statements contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “probability,” “risk,” “project,” “should,” “seek,” “target,” “will,” 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: deterioration of Japanese and global economic conditions and financial markets; declines in the value of the Company’s securities portfolio; incurrence of significant credit-related costs; the Company’s ability to successfully implement its business strategy through its subsidiaries, affiliates and alliance partners; and exposure to new risks as the Company expands the scope of its business. 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. The Company undertakes no obligation to update or revise any forward-looking statements. Please refer to the Company’s most recent disclosure documents such as its annual report on and other documents submitted to the U.S. Securities and Exchange Commission, as well as its earnings press releases, for a more detailed description of the risks and uncertainties that may affect its financial conditions, its operating results, and investors’ decisions.

The Japanese economy, as a whole, showed signs of recovery in the six months ended September 30, 2022. This was primarily due to a gradual increase in economic activity reflecting the easing of the restrictions related to However, the pace of its recovery slowed in the latter half of the period, primarily due to the spread of the Omicron variant of in Japan and sustained high commodity prices largely caused by Russia’s aggression against Ukraine.

The following table presents the growth rates of Japanese gross domestic product (“GDP”) from the third quarter ended December 31, 2020 for the fiscal year ended March 31, 2021 through the second quarter ended September 30, 2022 for the fiscal year ending March 31, 2023, based on data published in December 2022 by the Cabinet Office of the Government of Japan.

Japanese GDP increased by 1.1% on a basis for the first quarter ended June 30, 2022, primarily due to an increase in private consumption reflecting the easing of the restrictions related to However, it decreased by 0.2% for the second quarter ended September 30, 2022. This was primarily due to increases in imports of services, the declining growth in private consumption reflecting the spread of the Omicron variant of in Japan and sustained high commodity prices.

The employment situation was relatively weak. The active job ratio published by the Ministry of Health, Labour and Welfare of Japan slightly increased for the six months ended September 30, 2022. The unemployment rate in September 2022 was 2.6%, the same as inMarch 2022, based on the data published in October 2022 by the Statistics Bureau of Japan. Further, for the first quarter ended June 30, 2022 and the second quarter ended September 30, 2022, the compensation of employees decreased, on a basis, by 0.3% and 0.2%, respectively.

Interest rates in Japanese financial and capital markets are affected by the monetary policy measures of the Bank of Japan (“BOJ”). In January 2016, in addition to the existing provision of ample funds, the BOJ announced the introduction of “quantitative and qualitative monetary easing with a negative interest rate.” Thereafter, the BOJ announced the introduction of a new policy framework, “quantitative and qualitative monetary easing with yield curve control” in September 2016. Under this policy framework, the BOJ would keep short-term interest rates down by maintaining its policy of applying a negative interest rate of minus 0.1% to certain excess reserves of financial institutions held at the BOJ. Moreover, the BOJ indicated it would purchase Japanese government bonds so that the yield of the Japanese government bonds would be close to around 0% to control long-term interest rates. In July 2018, the BOJ decided to introduce forward guidance for policy rates with a view to persistently continuing with powerful monetary easing. Further, in October 2019, the BOJ amended its forward guidance to indicate that it expects short- and long-term interest rates to remain at or below their present levels so long as the BOJ believes it is necessary to pay close attention to the possibility of a loss in momentum toward achieving its 2% price stability target. In March 2020, the BOJ announced “enhancement of monetary easing in light of the impact of the outbreak of Thereafter, in April and May 2020, the BOJ decided to further enhance monetary easing and introduce measures to support corporate financing. Moreover, in March 2021, the BOJ announced the establishment of a scheme to apply interest rates, which would be linked to the short-term policy interest rate, as an incentive to a certain amount of financial institutions’ current account balances, based on the recognition of the importance of continuing with monetary easing in a sustainable manner and making nimble and effective responses to counter changes in developments in economic activity and prices, as well as in financial conditions. In addition, the BOJ made clear that the range of the Japanese government bonds yield fluctuations would be between around plus and minus 0.25% from the target level. Under such circumstances, the uncollateralized overnight call rate, which is the benchmark for short-term interest rates, remained negative for the six months ended September 30, 2022. The yield on newly issued Japanese government bonds with a maturity of 10 years, which is the benchmark for long-term interest rates, was around 0.2% for the same period, and was 0.24% at September 30, 2022. This is close to the BOJ’s upper limit target of yield fluctuations.

For the six months ended September 30, 2022, the global economy, as a whole, recovered gradually, primarily due to an increase in private consumption reflecting the easing of restrictions related to However, the pace of its recovery was slow primarily due to downward pressure on the global economy affected by higher commodity prices and the continuous global monetary tightening. The U.S. economy slightly shrank in the first half of the six months ended September 30, 2022, primarily due to a decrease in private residential investments and changes in private inventories. Although increasing inflation and the subsequent monetary tightening put downward pressure on the U.S. economy, it recovered gradually in the latter half of the period, primarily due to an increase in private consumption supported by the good employment situation. The European economy recovered gradually in the first half of the six months ended September 30, 2022, primarily due to an increase in private consumption reflecting the easing of restrictions related to However, the pace of its recovery was relatively weak in the latter half of the period, primarily due to downward pressure on the European economy, which has experienced higher energy prices caused by Russia’s aggression against Ukraine. In Asia, the Chinese economy slowed down in the first half of the six months ended September 30, 2022, due to the policy, which includes restrictions such as the restraint on movement. However, it showed signs of picking up in the latter half of the six months ended September 30, 2022, primarily due to an increase in

private consumption reflecting the easing of restrictions related to Asian economies other than China, as a whole, recovered gradually, primarily due to the resumption of economic activity reflecting the easing of restrictions related to for the six months ended September 30, 2022.

On December 8, 2022, Fitch Ratings Japan Limited (“Fitch”) downgraded the long-term issuer default ratings of SMFG and SMBC to from “A,” primarily due to our weakened capitalization. For more information about our credit ratings, see “Operating Results and Financial Condition—Liquidity.”

Each year, the Financial Stability Board (“FSB”) publishes a list of global financial institutions that it has identified as Global Systemically Important Banks based on the methodology issued by the Basel Committee on Banking Supervision (“BCBS”). included on the list are required to maintain an amount of Common Equity Tier 1 (“CET1”) capital above the Basel III minimum requirement and applicable capital conservation buffer to discourage such financial institutions from becoming even more systemically important. This is commonly known as the capital surcharge.

The capital surcharge ranges from 1% to 2.5% of additional CET1 capital as a percentage of risk-weighted assets based on the organization’s size, interconnectedness, substitutability, complexity and cross-jurisdictional activity as determined by the FSB.

We have been included in the list of each year since the initial list was published in November 2011 and were included on the list published in November 2022. Based on that list, the additional CET1 capital as a percentage of risk-weighted assets we are currently required to maintain is 1%.

On October 7, 2022, the FSA announced administrative actions against SMBC Nikko Securities, SMBC and SMFG in relation to findings by the Securities and Exchange Surveillance Commission of Japan (“SESC”) of multiple violations of the Financial Instruments and Exchange Act (“FIEA”). The violations identified by the SESC included, among others, improper stabilization activity and related deficiencies in transaction monitoring and business practices by SMBC Nikko Securities in connection with a series of “block offer” transactions in publicly listed securities (collectively, the “market manipulation conduct”). Separately from the market manipulation conduct, the SESC found that SMBC Nikko Securities committed violations of the “firewall regulations” of the FIEA, in connection with impermissible sharing of customer information between SMBC Nikko Securities and SMBC.

Refer to our reports on Form dated October 7, 2022 for more information about the FSA’s administrative actions.

The SMBC Group takes these administrative actions seriously and has been cooperating with the FSA to formulate, submit and implement business improvement plans within the required timeframes. Specifically, on November 4, 2022, SMFG, SMBC and SMBC Nikko Securities timely submitted plans and/or reports to the FSA as required by the respective orders. Each is further required to provide periodic status reports to the FSA on the implementation of the measures detailed therein. In addition, SMFG, SMBC and SMBC Nikko Securities announced reductions in the remuneration of certain executives, among other internal disciplinary actions. Refer to our reports on Form dated November 4, 2022 for more information about the SMBC Group’s submissions to the FSA. With regard to the business suspension order issued to SMBC Nikko Securities, SMBC Nikko Securities intends to continue its full compliance with the three-month suspension of any new block offer business. Although we, SMBC and SMBC Nikko Securities are striving to implement remediation measures that address the concerns identified in the FSA orders, there is no guarantee that the FSA will consider the proposed measures and our implementation progress to be satisfactory, or that additional deficiencies will not be uncovered in the process, and it is possible that additional sanctions may be imposed on us or our group companies in the future.

See “Item 3.D. Risk Factors—Risks Related to Our Business—Adverse regulatory developments or changes in government policies could have a negative impact on our results of operations,” “—Fraud, misconduct or other unlawful behavior by directors, officers and employees or third parties could subject us to losses and regulatory sanctions,” “—Our business could be adversely affected by litigation and regulatory proceedings globally,” “—Damage to our reputation may have an adverse effect on our business and results of operations” and “Item 4.B. Business Overview—Regulations in Japan—Other Regulations Related to Our Business—Financial Instruments and Exchange Act of Japan” in our most recent annual report on Form for a description of the potential impact of such developments on our business, results of operations and financial condition.

On November 14, 2022, we announced the progress of the repurchase of our own shares pursuant to the resolution of our board of directors held on November 12, 2021. The resolution authorized the repurchase of up to the lesser of (i) an aggregate of 33,000,000 shares of our common stock and (ii) an aggregate of ¥100 billion between November 15, 2021 and November 11, 2022. However, our share repurchases were suspended during periods in which we may have been deemed to hold material information. As a result, the repurchase period beginning November 15, 2021 ended without any repurchase of shares.