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Summary of financial results

[Summary of Financial Results for FY2017]

Sumitomo Mitsui Trust Holdings (Consolidated)

  • ■ “Net business profit before credit costs” <1> increased by 38.1 billion yen from FY2016 to 270.5 billion yen, due primarily to non-recurrence of last year's fall in market related profit in Sumitomo Mitsui Trust Bank.
  • ■ “Ordinary profit” <2> increased by 36.2 billion yen from FY2016 to 232.6 billion yen. The increase primarily reflects a decrease in "Total credit costs" <4> from reversal of loan-loss reserves due to decrease in balances of problem loans from repayment by certain borrowers, although "Net gains on stocks" <5> decreased.
  • ■ “Net income attributable to owners of the parent”<3> increased by 32.5 billion yen from FY2016 to 153.9 billion yen

(Billions of Yen)

  FY2016 FY2017 Change
Net business profit before credit costs (*1) 1 232.3 270.5 38.1
Ordinary profit 2 196.3 232.6 36.2
Net income attributable to owners of the parent 3 121.4 153.9 32.5
Total credit costs 4 (28.5) 2.9 31.5
Net gains on stocks 5 36.4 6.3 (30.1)
Return (Net income) on shareholders’ equity (ROE) 6 6.07% 7.40% 1.33%

(Per share information)

Earnings per common share (EPS) (Yen) (*2) 7 317.24 403.92 86.68
Net assets per common share (BPS) (Yen) (*2) 8 6,437.58 6,897.36 459.78

(Difference from non-consolidated financial results) (*3)

Net business profit before credit costs 9 81.8 80.8 (1.0)
Net income attributable to owners of the parent (*4) 10 43.7 36.0 (7.7)
Total credit costs 11 (3.5) (4.0) (0.4)
Net gains on stocks 12 5.1 0.3 (4.8)
  • (*1) Consolidated net business profit before credit costs = Net business profit before credit costs of Sumitomo Mitsui Trust Bank (Non-consolidated) + Ordinary profit of other subsidiary companies (non-recurring effect adjusted) + Ordinary profit of affiliates (non-recurring effect adjusted) x Ratio of equity holdings – Intra-group transaction (dividends, etc.)
  • (*2) Indices are presented assuming that the consolidation of shares (one (1) share for every ten (10) shares) enacted on October 1, 2016, took place at the beginning of fiscal year ended March 31, 2016, for consistency purposes.
  • (*3) Difference from Sumitomo Mitsui Trust Bank (Non-consolidated)
  • (*4) Differences between Net income attributable to owners of the parent (Consolidated) and Net income (Non-consolidated).

[Reference] Sumitomo Mitsui Trust Bank (Non-consolidated)

(Billions of Yen)

  FY2016 FY2017 Change
Gross business profit 13 383.3 426.8 43.5
  Net interest income and related profit 14 216.7 176.5 (40.1)
  Net fees and commissions and related profit 15 196.9 190.2 (6.6)
  Net trading profit 16 17.0 10.4 (6.6)
  Net other operating profit 17 (47.3) 49.5 96.9
    o/w Net gains on foreign exchange transactions 18 28.6 45.3 16.7
    o/w Net gains on bonds 19 (96.9) (5.7) 91.2
    o/w Net gains from derivatives other than for trading or hedging 20 21.1  9.4 (11.7)
General and administrative expenses 21 (232.7) (237.0) (4.3)
Net business profit before credit costs 22 150.5 189.7 39.2
Net non-recurring profit 23 (33.2) (16.7) 16.4
  Total credit costs 24 (24.9) 7.0 31.9
  Net gains on stocks 25 31.3 5.9 (25.3)
  Others 26 (39.5) (29.7) 9.7
Ordinary profit 27 117.3 172.9 55.6
Extraordinary profit 28 (5.9) (8.3) (2.3)
Income before income taxes 29 111.3 164.6 53.3
Total income taxes 30 (33.6) (46.6) (13.0)
Net income 31 77.6 117.9 40.3
Overhead ratio (OHR) (-21 / 13) 32 60.73% 55.55% (5.18%)

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