Summary of Financial Results

Summary of Financial Results for FY2023

Sumitomo Mitsui Trust Holdings (Consolidated)

  • ”Net business profit before credit costs” <1> was 338.6 billion yen, further exceeding the full-year forecast (330.0 billion yen), which was revised upward by 10.0 billion yen in October 2023, due to strong performance of Net fees and commissions and related profit, mainly corporate credit-related and other fee-related profits.
  • ”Net income attributable to owners of the parent” <3> was 79.1 billion yen as a result of the reduction of bear funds with low break even point to reduce the risk to future period earnings.
    There was no impact on capital due to this loss realization, and we paid dividends in line with our initial forecast.

(Billions of Yen)

FY2022 FY2023 Change
Net business profit before credit costs* 1 324.6 338.6 14.0
Ordinary profit 2 285.8 101.3 (184.5)
Net income attributable to owners of the parent 3 191.0 79.1 (111.8)
Total credit costs 4 (10.4) (11.8) (1.4)
Net gains on stocks 5 3.0 (188.5) (191.5)
Shareholder ROE 6 6.93% 2.68% (4.25%)

(Per share information)

Earnings per common share (EPS) (Yen) 7 258 109 (149)
Net assets per common share (BPS) (Yen) 8 3,843.26 4,316.77 473.51

*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.)

<Reference>Sumitomo Mitsui Trust Bank (Non-consolidated)

(Billions of Yen)

FY2022 FY2023 Change
Net business profit before credit costs 9 245.9 275.9 30.0
Net business profit before credit costs Gross business profit 10 508.1 566.1 57.9
Net business profit before credit costs Gross business profit Net interest income and related profit 11 133.4 (85.4) (218.8)
Net business profit before credit costs Gross business profit Net fees and commissions and related profit 12 193.2 211.2 17.9
Net business profit before credit costs Gross business profit Net trading profit 13 10.4 75.9 65.4
Net business profit before credit costs Gross business profit Net other operating profit 14 171.0 364.4 193.3
Net business profit before credit costs General and administrative expenses 15 (262.2) (290.1) (27.8)
Total credit costs 16 (12.4) (11.5) 0.8
Other non-recurring profit 17 (8.8) (205.6) (196.8)
Ordinary profit 18 224.5 58.7 (165.8)
Extraordinary profit 19 (0.3) (3.7) (3.4)
Net income 20 169.1 57.8 (111.2)
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