TOKYO (Reuters) - Sumitomo Mitsui Financial Group 8316.T, Japan's second largest lender by assets, reported on Friday a smaller than expected full-year net profit and flagged 450 billion yen ($4.20 billion) of credit-related costs this year amid the coronavirus outbreak.
SMFG’s annual net profit for the year ended in March came in at 703.9 billion yen, compared with an average estimate of 721.5 billion yen from 11 analysts polled by Refinitiv.
SMFG said in a financial statement it clocked a fourth-quarter net profit of 93.1 billion yen and forecast a 400 billion yen profit for the current business year.
Reporting by Takashi Umekawa; Editing by Muralikumar Anantharaman
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