CEO Message

I would like to express my sincere appreciation for your continued support.

Sumitomo Mitsui Trust Group celebrated the 100th anniversary of its incorporation on April 15, 2024. I would like to extend my profound gratitude to all the stakeholders who have steadfastly supported us throughout the years.

In our Medium-Term Management Plan announced in May 2023, we set forth our aspiration for 2030 to achieve an ROE of 10% or above. By the fiscal year 2025, we aimed to achieve an ROE of 8% or above and strive to reach a PBR of 1x or higher as early as possible.

Currently, the upward trends in interest rates, stock prices, and wages suggest a likely departure from the prolonged deflationary period. For the fiscal year 2024, we are targeting the achievement of our profit plan one year earlier, leveraging these favorable macroeconomic conditions.

To provide a clearer picture of our growth, we have introduced a new indicator, AUF (Assets Under Fiduciary). AUF represents the scale of our diverse trust-related businesses, including asset management and asset administration as well as our banking businesses such as lending and investment.

An increase in AUF not only signifies the growth of our group but also indicates our contribution to enhancing societal and client value, solving social issues, and creating and expanding markets. We encourage you to pay close attention to this indicator.

The 100-year journey of our group is synonymous with the history of trust, evolving alongside society and the economy. In addressing social issues such as the age of 100-year life and decarbonization, the power of trust, which has contributed to post-war economic recovery and national asset formation, is indispensable.

With the utmost fidelity and integrity that have been our guiding principles since our inception, we will continue to confront issues alongside society and our clients, contributing to the creation of a flourishing future.

We kindly ask for your continued understanding and support.

July 2024