Sumitomo Mitsui Trust Group (8309) Q3 2026 earnings summary

Executive summary

• Net business profit before credit costs rose to ¥296.8bn for 1-3Q FY25, up year-over-year, achieving 80% of the full-year forecast of ¥370.0bn.

• Net income reached ¥266.7bn, up 18.0% year-over-year, representing 90% progress toward the FY25 forecast of ¥295.0bn.

• Ordinary income for the nine months ended December 31, 2025, rose 1.6% year-over-year to ¥2,111.2bn, with ordinary profit up 5.5% to ¥329.6bn.

• Comprehensive income more than tripled year-over-year, reaching ¥404.8bn, driven by valuation gains on available-for-sale securities and hedges.

• Strong performance in asset management, asset administration, and corporate lending drove fee and commission growth.

Financial highlights

• Substantial gross business profit increased by ¥51.0bn year-over-year to ¥746.9bn.

• Net income per share increased to ¥378.37 from ¥314.61 year-over-year.

• Total assets grew to ¥81.84trn from ¥78.25trn as of March 31, 2025, and net assets rose to ¥3.36trn.

• Net fees and commissions and related profit grew by ¥23.5bn year-over-year to ¥393.0bn.

• Net gains on stocks were ¥75.1bn, achieving 94% of the FY25 forecast.

Outlook and guidance

• FY25 net business profit before credit costs forecast revised upward to ¥370.0bn, up ¥7.9bn from FY24.

• Net income forecast for FY25 raised to ¥295.0bn, up ¥37.3bn from FY24, with net income per share projected at ¥419.59.

• Dividend per common share projected to increase by ¥15 to ¥170.