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Sumitomo Mitsui Trust Group (8309) investor relations material

Sumitomo Mitsui Trust Group Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary12 Nov, 2025

Executive summary

  • Net income for 1HFY2025 reached a record high of ¥171.3bn, up 29.0% year-over-year, prompting an upward revision of the full-year forecast to ¥295.0bn, a 14.5% increase from the previous year.

  • Dividend per share forecast was raised to ¥170, an increase of ¥10 from the initial forecast and ¥15 year-over-year.

  • Comprehensive income more than doubled year-over-year, reaching ¥255.0bn, a 123.1% increase.

  • Share repurchase of up to ¥30.0bn announced, reflecting strong capital position and shareholder return focus.

Financial highlights

  • Net business profit before credit costs rose to ¥181.9bn, up ¥12.3bn year-over-year, with 49% progress toward the full-year target.

  • Ordinary profit increased 7.3% year-over-year to ¥196.5bn.

  • Net income per share for 1H was ¥242.55, up from ¥184.69 a year earlier.

  • Substantial gross business profit increased by ¥27.4bn to ¥478.3bn.

  • Total assets increased to ¥82.6 trillion from ¥78.2 trillion at the end of March 2025.

Outlook and guidance

  • Full-year net income forecast revised upward to ¥295.0bn, with EPS projected at ¥418.49 and ROE expected in the lower 9% range.

  • Dividend per share for FY25 forecast at ¥170, up ¥15 year-over-year.

  • Capital utilization enters a new phase, with additional investments and share repurchases planned.

Consolidated CET1 ratio change drivers
NPL trend in substandard vs doubtful loans
Consolidated net interest income turnaround drivers
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Frequently asked questions

Sumitomo Mitsui Trust Holdings, Inc. is a Japanese financial services company specializing in trust banking and asset management. Its core operations include wealth management, real estate services, pension fund management, and corporate trust services. The company provides tailored financial solutions for individuals, corporations, and institutional clients, offering products such as investment trusts, loans, and fiduciary services. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange (TSE).

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