Sumitomo Mitsui Financial Group annual r&d spending
2016
2017
2018
2019
2020
2021
2022
2023
2024
Sumitomo Mitsui Financial Group R&D Spending Growth & History (SMFG)
Sumitomo Mitsui Financial Group's r&d spending was ¥0 for fiscal 2024.
View full Sumitomo Mitsui Financial Group company overviewSumitomo Mitsui Financial Group annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-03-31 | ¥0 | ¥0 | — |
| 2023 | 2023-03-31 | ¥0 | −¥35.0M | — |
| 2022 | 2022-03-31 | ¥35.0M | −¥25.0M | −41.67% |
| 2021 | 2021-03-31 | ¥60.0M | −¥18.0M | −23.08% |
| 2020 | 2020-03-31 | ¥78.0M | −¥89.0M | −53.29% |
| 2019 | 2019-03-31 | ¥167.0M | ¥83.0M | +98.81% |
| 2018 | 2018-03-31 | ¥84.0M | −¥5.0M | −5.62% |
| 2017 | 2017-03-31 | ¥89.0M | −¥118.0M | −57.00% |
| 2016 | 2016-03-31 | ¥207.0M | — | — |
Sumitomo Mitsui Financial Group r&d spending trends
Over the last five fiscal years, Sumitomo Mitsui Financial Group's r&d spending decreased from ¥167.0M to ¥0, a change of −¥167.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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