SMFG Notes to Consolidated Financial Statements Geographic segment information (3) Ordinary income from overseas operations 35. Business Combinations SMFG  2011 130$^{(2)}$ Notes: 1. The geographic segmentation is classified based on the degrees of the following factors: geographic proximity, similarity of economic activities and relationship of  business activities among regions. Ordinary income and ordinary profit are presented as counterparts of sales and operating profit of companies in other industries. 2. The Americas includes the United States, Brazil, Canada and others; Europe and Middle East includes the United Kingdom, Germany, France and others; Asia and  Oceania includes China, Singapore, Australia and others except Japan. 3. Assets in Elimination include unallocated corporate assets of ¥6,214,065 million at March 31, 2010, which mainly consist of investments in subsidiaries and  affiliates. 4. Ordinary income represents total income excluding gains on disposal of fixed assets, recoveries of written-off claims and other extraordinary gains. Ordinary expenses  represent total expenses excluding losses on disposal of fixed assets, losses on impairment of fixed assets and other extraordinary expenses. 5. As mentioned in Note 2. (22) (a), “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10, partially revised on March 10, 2008) and  “Implementation Guidance on Disclosures about Fair Value of Financial Instruments” (ASBJ Guidance No. 19, issued on March 10, 2008) became effective from  the fiscal year ending on and after March 31, 2010, and SMFG has applied them from the fiscal year ended March 31, 2010. As a result of the accounting change,  Ordinary expenses of “Japan” for the year ended March 31, 2010 decreased by ¥19,251 million and Ordinary profit of “Japan” increased by ¥19,251 million as  compared with the former method. Assets of “Japan,” “Europe and Middle East” and “Asia and Oceania” increased by ¥58,612 million, ¥341 million and ¥181  million, respectively. Assets of “The Americas” decreased by ¥567 million. Notes: 1. Consolidated ordinary income from overseas operations is presented as a counterpart of overseas sales of companies in other industries. 2. The table above shows ordinary income from transactions of overseas branches of SMBC and transactions of overseas consolidated subsidiaries, excluding internal  income. These extensive transactions are not categorized by transaction party and the geographic segment information is not presented because such information is  not available. Fiscal year ended March 31, 2011 SMFG Group’s credit card services and to enhance Cedyna’s  capital base. Cedyna Financial Corporation consolidated as a subsidiary through a  third-party allotment of new shares <Business combination through acquisition> SMFG Card & Credit, Inc. (“FGCC”), a wholly-owned subsidiary of  SMFG, subscribed all the new shares issued by way of a third-party  allotment by Cedyna Financial Corporation (“Cedyna”), an equity  method affiliate of SMFG, on May 31, 2010. Cedyna became a  consolidated subsidiary of SMFG. The outline of the business  combination is as follows: 1. Outline of the business combination (1) Name of the acquired company and its business Cedyna (Credit Card Services) (2) Main reasons for the business combination (3) Date of business combination (4) Legal form of the business combinations (5) Name of the controlling entity after the business combination (6) Percentage share of voting rights SMFG has acquired (7) Main reason for deciding to acquire the company 2. Period of the acquired company’s financial results included in the  consolidated statements of income From April 1, 2010 to March 31, 2011 Note that as the deemed acquisition date is June 30, 2010,  gain or loss related to the acquired company for the period from  April 1, 2010 to June 30, 2010 is presented as gain or loss from   FGCC subscribed new shares issued by way of a third-party  allotment by Cedyna and made Cedyna a consolidated  subsidiary of SMFG in order to accelerate and ensure Cedyna’s  management restructuring including its investments in new  businesses and systems developments to increase the corporate  value as well as its cost restructuring, to further clarify the  positioning of Cedyna as one of the core business entities,  together with Sumitomo Mitsui Card Company, Limited of   It is because SMFG acquired a majority of voting rights of  Cedyna and consolidated it as a subsidiary. Sumitomo Mitsui Financial Group, Inc.  Consolidated as a subsidiary through a third-party allotment  of new shares May 31, 2010 Percentage share of voting rights owned before business combination ............................................. 48% Percentage share of voting rights additionally acquired at the date of business combination ......... 21% Percentage share of voting rights after acquisition ... 69% Millions of yen Year ended March 31 2010 Consolidated ordinary income from overseas operations (A) ................................................................................. ¥ 459,354 Consolidated ordinary income (B) ........................................................................................................................ 3,166,465 (A) / (B) ............................................................................................................................................................... 14.5% Millions of yen 2010 Year ended March 31 Japan The Americas Europe and  Middle East Asia and  Oceania Total Elimination Consolidated I. Ordinary income (1) External customers  ......... ¥ 2,707,111 ¥ 205,016 ¥ 126,121 ¥ 128,216 ¥ 3,166,465 ¥ — ¥ 3,166,465 (2) Intersegment ................. 21,793 106,215 2,641 3,856 134,507 (134,507) — Total ................................... 2,728,905 311,232 128,763 132,072 3,300,973 (134,507) 3,166,465 Ordinary expenses ................... 2,344,349 171,438 115,093 69,893 2,700,774 (93,077) 2,607,696 Ordinary profit  ........................ ¥ 384,555 ¥ 139,794 ¥ 13,669 ¥ 62,178 ¥ 600,198 ¥ (41,429) ¥ 558,769 II. Assets ...................................... ¥107,412,125 ¥8,255,658 ¥4,931,900 ¥5,638,760 ¥126,238,444 ¥(3,078,930) ¥123,159,513