I would like to express my sincere appreciation for your continued support.
With ESG management and digitalization progressing ever faster, the environment surrounding the SuMi TRUST Holdings Group is becoming increasingly uncertain and unclear, due to heightened concerns about the financial system, including high inflation throughout the world, as well as the bankruptcies and acquisitions of financial institutions in the United States and Europe.
In the previous Medium-Term Management Plan (FY2020-FY2022), we aimed to realize a virtuous circulation of funds, assets and capital, by creating both social value and economic value based on our purpose, amidst significant changes in society on a global scale.
In order to realize the virtuous circulation, we announced our policy of reduction of strategic shareholdings to zero*, while promoting strategic investments to contribute to solving social issues and to achieve sustainable growth of SuMi TRUST Group.
In the last fiscal year, we accelerated our initiatives to generate positive impact, including the business alliance with Apollo Group, which has a world-class track record in the management of private assets and other assets.
Moreover, the balance of Assets Under Custody, mainly in asset management and asset administration, has more than doubled since the management integration in 2011, and we have achieved growth that is unique to a trust group.
SuMi TRUST Group will celebrate its 100th anniversary next year in 2024.
The founding aspiration based on the fiduciary spirit of trust, to contribute to the development of Japan by solving social issues through the "Power of Trust", has not and will not change over the years.
During the period of the new Medium-Term Management Plan, we will continue to generate new value in response to the needs of our clients and the demands of society, and pave the way for the next 100 years.
We will contribute to the creation of a prosperous future, by powerfully supporting individual clients to achieve FINANCIAL WELL-BEING, as well as the transformation of corporate clients to achieve goals such as decarbonization, by integrating the engagement capabilities of each Group company.
Through the sound development of capital markets, we will create a flow that will return rewards to investors, including individual clients, enhance our fundamental earning capability even in difficult environments, and steadily progress toward an ROE of 10% or above in the medium to long term, and a P/B ratio of 1x or above as early as possible.
Thank you for your continued understanding and support.
- *In principle, we shall not hold any “strategic shareholdings as a conventional stable shareholder”