Note:

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 14, 2024
Sumitomo Mitsui Finance and Leasing Company, Limited

Notice Regarding Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
Sumitomo Mitsui Finance and Leasing Company, Limited (the “Company,” President: Masaki Tachibana) hereby
announces the consolidated financial results for the fiscal year ended March 31, 2024 as follows.
1. Status of Operations
During the fiscal year ended March 31, 2024, the global economy recovered as a whole, despite evidence ofweakness in certain regions. Amid a gradual slowdown in inflation from monetary tightening by the central banksof each country to curb the globally high prices, the economies of the United States and South East Asia continued
to recover at a moderate level while moderate slowdown and stagnation were observed in the economies of Chinaand Europe.
The Japanese economy generally recovered moderately, although there were signs of a standstill in some areas.
Export and production activities remained at the same level, while being countered by the impact of the slowing
pace of overseas economies in certain areas. As a result, corporate earnings generally remained at a high level.
Capital investment in Japan increased gradually overall, although there were differing levels of investment indifferent industry sectors. Leasing volume (preliminary statistics from the Japan Leasing Association) increased by
7.6% year on year.
Under these circumstances, the Group launched its medium-term management plan, of which the current fiscal year
is the first year. Under the theme of “Pursuing the strengths of a business company with financial capabilities andtaking on the challenge of solving social issues,” the following medium-term management plan strategies werepursued. Under “Creation of new core businesses,” we established a joint venture with an overseas pension fund foraircraft investment, entered the grid storage battery business, reached an agreement regarding acquisition of an
overseas real estate private placement fund and strengthened our helicopter operating lease business. Under“Fundamental transformation of existing business,” we worked to promote electronic contracts and orders, selectand focus on businesses, strengthen our business structure, and deepen cooperation with partners. Under “Solvefurther social issues,” we promoted the renewable energy power generation business and the provision of renewableenergy power generation services based on the on-site and off-site PPA model, we decided to move forward with theestablishment of a joint venture for industrial waste management, and we began to consider the global expansion of
the lithium-ion battery recycling business. Under “Establish business foundation,” we worked to execute humanresource strategies to respond to the expansion of our business areas, and to enhance risk management and diversify
the financing platform.
The amount of new contracts during the fiscal year ended March 31, 2024 was ¥2,446.8 billion (down 22.2% yearon year).
-1-2. Status of Financial Results
Revenues for the fiscal year ended March 31, 2024 increased by 5.0% year on year to ¥2,267.5 billion. In terms ofprofit and loss, operating income increased by 18.2% year on year to ¥157.4 billion, and ordinary profit increased
by 9.6% year on year to ¥149.7 billion due to contributions from the transportation business and the real estatebusiness. Profit attributable to owners of parent increased by 157.3% year on year to ¥129.7 billion mainly due tothe recording of gain on insurance claims related to Russia in extraordinary income.
Operating assets as of March 31, 2024 increased by ¥274.1 billion from the end of the previous fiscal year to ¥8,331.5
billion, and total assets increased by ¥450.4 billion from the end of the previous fiscal year to ¥9,696.1 billion. Net
assets increased by ¥202.6 billion from the end of the previous fiscal year to ¥1,377.9 billion.
3. Financial Results Forecasts
For the consolidated financial results forecasts for the fiscal year ending March 31, 2025, we forecast revenues of¥2,100 billion, down 7.4% year on year, operating income of ¥150 billion, down 4.7% year on year, ordinary profitof ¥140 billion, down 6.5% year on year, and profit attributable to owners of parent of ¥80 billion, down 38.3%
year on year, mainly due to the absence of gain on insurance claims related to Russia recorded in the previous
fiscal year. The assumed exchange rate for the calculation of the earnings forecasts is ¥140 per dollar.
Please refer to the attachment for details of the financial results and forecasts.
[Contact Information]
Iino, Corporate Communications Department (Phone: +81-3-5219-6334)-2-

Summary of Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
[Under Japanese GAAP]May 14, 2024
Company name:
URL:
Representative:
Contact:
Phone:

Sumitomo Mitsui Finance and Leasing Company, Limited
https://www.smfl.co.jp/english/
Masaki Tachibana, PresidentMichie Iino, General Manager of the Corporate Communications Department+81-3-5219-6334(Amounts of less than one million are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31,2024)(1) Consolidated Operating Results (Accumulated) (% indicates changes from the previous corresponding period.)
Revenues

Operating income

Ordinary profit%

Profit attributable toowners of parent
Millions of yen%

Fiscal year ended

Millions of yen%

Millions of yen

Millions of yen%March 31, 2024

2,267,470

5.0

157,392

18.2

149,6679.6

129,731

157.3

March 31, 2023

2,159,316

18.7

133,197

14.6

136,566

14.3

50,41842.6(Note) Comprehensive income:Fiscal year ended

Fiscal year ended March 31, 2024: ¥237,241 million[113.2%]
Fiscal year ended March 31, 2023: ¥111,265 million[12.3%]
Rate of return on
Ordinary profit toEarnings per shareequity
total assets%%
Yen

Operating income torevenues%

March 31, 2024

1,485.12

13.2

1.6

6.9

March 31, 2023

577.17

5.8

1.6

6.2

(2) Consolidated Financial Position
Total assets
As ofNet assetsMillions of yen

Capital ratio

Millions of yen%Net assets per share
Yen

March 31, 2024

9,696,059

1,377,920

10.8

12,040.66

March 31, 2023

9,245,649

1,175,290

9.8

10,408.70(Reference)

Equity:As of March 31, 2024:
As of March 31, 2023:¥1,051,803 million¥909,244 million

2. Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2025 (April 1, 2024 toMarch 31, 2025)(% indicates changes from the previous corresponding period.)
Revenues
Full year--

Millions of yen
2,100,000

Operating income% Millions of yen(7.4)
150,000

Profit attributable toowners of parent% Millions of yen%(6.5)
80,000 (38.3)

Ordinary profit% Millions of yen(4.7)
140,000

Earnings per shareYen
915.81The earnings forecasts and other forward-looking statements in these materials are based on the information
currently available to the Company and certain assumptions that are judged to be reasonable, and are notintended as a guarantee that the Company will achieve these targets. Actual results may differ significantly
due to various factors.
These materials are outside the scope of audit procedures under the Financial Instruments and Exchange Actof Japan. As of the time of disclosure of these materials, the audit procedures of the Company’s financial
statements under the Financial Instruments and Exchange Act have not been completed.

-3-Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and bank deposits
Installment sales receivable
Lease receivables and investment assets
Loans receivable
Short-term investment securities
Merchandise
Real estate for sale
Real estate for sale in process
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property and equipment
Leased assets
Leased assets
Allowance for loss on disposal of leased
assetsAdvances on purchases of leased assets
Total leased assets
Other operating assets
Property and equipment for internal use
Total property and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Delinquent receivables
Deferred tax assets
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-4-

As of March 31, 2024

298,272
643,875
2,102,929
592,285
629
8,946
166,250
4,733
293,833(17,630)
4,094,124

457,976
616,144
1,928,155
512,884
0
18,217
240,837
5,834
310,242(11,032)
4,079,261

4,375,205

4,724,677

(292)

(286)

143,674
4,518,587
101,900
16,575
4,637,063

197,247
4,921,638
137,380
21,5125,080,530

57,54866,942
124,490

48,18966,636
114,826

316,0652
37,97919,320122
27,223(10,742)
389,971
5,151,525
9,245,649

360,983
1138,200
12,956
161
27,209(18,083)
421,440
5,616,798
9,696,059

(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Trade notes payable and accounts payable
Short-term loans
Long-term loans due within one year
Bonds due within one year
Commercial paper
Payables under securitization of lease receivables
Long-term payables under securitization of leasereceivables due within one year
Lease obligations
Income taxes payable
Deferred profit on installment sales
Reserve for employee bonuses
Reserve for directors’ bonuses
OtherTotal current liabilities
Non-current liabilities
Bonds
Long-term loans
Long-term payables under securitization of leasereceivables
Lease obligations
Deferred tax liabilities
Reserve for directors’ retirement benefits
Net defined benefit liability
Guarantee deposits received
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Net unrealized holding gains or losses on securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets-5-

As of March 31, 2024

75,627
1,198,493
430,782
180,470
899,700
26,76956,646
1,076,955
601,953
273,814659,000–

18,573

11,141

11,201
14,79029,066
2,635
898
226,570
3,115,579

9,141
21,17735,224
3,131
636
234,337
2,983,159

691,517
3,789,074

993,680
3,838,067

23,316

22,62728,47573,699491
2,966
146,658
4,868
193,710
4,954,779
8,070,359

23,504
95,596690
809
144,231
5,958
209,814
5,334,979
8,318,138

15,000421,975
440,339(73,313)804,002

15,000421,857
544,739(73,313)908,283

27,3432,260
75,836(198)
105,242122
265,923
1,175,290
9,245,649

26,875
1,827
113,091
1,724
143,519
118
325,999
1,377,920
9,696,059

(2) Consolidated Statements of Income
For the fiscal year
ended March 31, 2023
Revenues
Cost and expenses
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Equity in earnings of affiliates
Value-added tax refund
Other
Total non-operating income
Non-operating expenses
Interest expenses
Amortization of bond issuance cost
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and affiliates
Gain on insurance claims related to Russia
Other
Total extraordinary income
Extraordinary losses
Loss related to sanctions on Russia
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-6-(Millions of yen)
For the fiscal year
ended March 31, 2024

2,159,316
1,895,797
263,519
130,322
133,197

2,267,470
1,979,631
287,839
130,446
157,392

132
1,987
9,772
235
887
13,016

241
1,565
8,734
1,763
564
12,869

7,617
281
1,347
400
9,647
136,566

17,836
1,140
1,068
549
20,594
149,667625
881
–
1
1,507

13,156–82,972
15
96,14459,480621
60,101
77,97225,643
166
25,80952,162
1,744
50,41819,486
1,564
21,050224,761
32,066
21,26453,331
171,430
41,698
129,731