Annuncio • May 15
Sumitomo Mitsui Trust Group, Inc., Annual General Meeting, Jun 19, 2026 Sumitomo Mitsui Trust Group, Inc., Annual General Meeting, Jun 19, 2026. Annuncio • May 14
Sumitomo Mitsui Trust Group, Inc. (TSE:8309) announces an Equity Buyback for 14,000,000 shares, representing 2.01% for ¥50,000 million. Sumitomo Mitsui Trust Group, Inc. (TSE:8309) announces a share repurchase program. Under the program, the company will repurchase up to 14,000,000 shares, representing 2.01% of its issued share capital, for ¥50,000 million. The purpose of the program is improving capital efficiency in consideration of the status of securing sufficient capital, the use of capital for medium-to-long term profit growth and the company’s current stock price level. All the repurchased shares will be cancelled. The program will expire on September 30, 2026 . As of March 31, 2026, the company had 698,236,940 issued shares (excluding treasury stock) and 576,040 treasury shares. Annuncio • Apr 07
Sumitomo Mitsui Trust Group, Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Sumitomo Mitsui Trust Group, Inc. announced that they will report fiscal year 2026 results at 4:00 PM, Tokyo Standard Time on May 14, 2026 Annuncio • Mar 04
Raymond James Financial, Inc. (NYSE:RJF) completed the acquisition of Greensledge Holdings, LLC from Sumitomo Mitsui Trust Group, Inc. (TSE:8309). Raymond James Financial, Inc. (NYSE:RJF) agreed to acquire Greensledge Holdings, LLC from Sumitomo Mitsui Trust Group, Inc. (TSE:8309) on October 14, 2025. Following the acquisition, Sumitomo Mitsui Trust Group, Inc. will retain a minority stake in Greensledge Holdings, LLC. The acquisition is funded from cash on hand. GreensLedge will operate within our Capital Markets segment upon completion of the acquisition.
The closing of the acquisition is subject to the satisfaction of customary conditions, including regulatory approvals and is currently expected to close in fiscal year 2026.
Sullivan & Cromwell LLP acted as legal advisor for Raymond James Financial, Inc. Houlihan Lokey, Inc. acted as financial advisor for Greensledge Holdings, LLC. Erik Andrén, Gregory Gooding, J. Michael Snypes, Michael Bolotin, Marc Ponchione, and Kyra Bromley of Debevoise & Plimpton LLP acted as legal advisor for Greensledge Holdings, LLC.
Raymond James Financial, Inc. (NYSE:RJF) completed the acquisition of Greensledge Holdings, LLC from Sumitomo Mitsui Trust Group, Inc. (TSE:8309) on March 2, 2026. Annuncio • Dec 17
Sumitomo Mitsui Trust Group, Inc. to Report Q3, 2026 Results on Jan 30, 2026 Sumitomo Mitsui Trust Group, Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Annuncio • Oct 15
Raymond James Financial, Inc. (NYSE:RJF) agreed to acquire an unknown majority stake in Greensledge Holdings, LLC from Sumitomo Mitsui Trust Group, Inc. (TSE:8309). Raymond James Financial, Inc. (NYSE:RJF) agreed to acquire an unknown majority stake in Greensledge Holdings, LLC from Sumitomo Mitsui Trust Group, Inc. (TSE:8309) on October 14, 2025. Following the acquisition, Sumitomo Mitsui Trust Group, Inc. will retain a minority stake in Greensledge Holdings, LLC. The closing of the acquisition is subject to the satisfaction of customary conditions, including regulatory approvals. Sullivan & Cromwell LLP acted as legal advisor for Raymond James Financial, Inc. Houlihan Lokey, Inc. acted as financial advisor for Greensledge Holdings, LLC. Erik Andrén, Gregory Gooding, J. Michael Snypes, Michael Bolotin, Marc Ponchione, and Kyra Bromley of Debevoise & Plimpton LLP acted as legal advisor for Greensledge Holdings, LLC. Annuncio • Oct 08
Sumitomo Mitsui Trust Group, Inc. to Report Q2, 2026 Results on Nov 12, 2025 Sumitomo Mitsui Trust Group, Inc. announced that they will report Q2, 2026 results on Nov 12, 2025 Annuncio • Jun 27
Sumitomo Mitsui Trust Group, Inc. to Report Q1, 2026 Results on Jul 30, 2025 Sumitomo Mitsui Trust Group, Inc. announced that they will report Q1, 2026 results on Jul 30, 2025 Annuncio • Mar 25
Sumitomo Mitsui Trust Group, Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Sumitomo Mitsui Trust Group, Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Annuncio • Mar 01
Sumitomo Mitsui Trust Group, Inc. Announces Board Changes Sumitomo Mitsui Trust Group, Inc. announced that Retiring Representative Executive Officer: Atsushi Kaibara changed from Director, Deputy President (Representative Executive Officer) to Director. Yasuyuki Suzuki changed from Director, Deputy President (Representative Director) to Director. Retiring as of March 31, 2025 (planned). Reported Earnings • Nov 14
First half 2025 earnings released: EPS: JP¥185 (vs JP¥60.67 in 1H 2024) First half 2025 results: EPS: JP¥185 (up from JP¥60.67 in 1H 2024). Revenue: JP¥688.4b (up 37% from 1H 2024). Net income: JP¥132.8b (up 201% from 1H 2024). Profit margin: 19% (up from 8.8% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annuncio • Nov 12
Sumitomo Mitsui Trust Group, Inc. (TSE:8309) announces an Equity Buyback for 13,000,000 shares, representing 1.8% for ¥30,000 million. Sumitomo Mitsui Trust Group, Inc. (TSE:8309) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 1.8% of its issued share capital, for ¥30,000 million. The purpose of the program is ensuring capital adequacy and capital utilization for mid- to long-term profit growth, we will implement share buybacks with the aim of improving capital efficiency. All the repurchased shares will be cancelled. The program will expire on March 31, 2025. As of September 30, 2024, the company had 720,766,929 issued shares (excluding treasury stock) and 588,451 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥72.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.4%). Annuncio • Sep 19
Sumitomo Mitsui Trust Holdings, Inc. to Report Q2, 2025 Results on Nov 12, 2024 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.73 per share. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥92.71 (vs JP¥50.59 in 1Q 2024) First quarter 2025 results: EPS: JP¥92.71 (up from JP¥50.59 in 1Q 2024). Revenue: JP¥341.4b (up 29% from 1Q 2024). Net income: JP¥66.7b (up 82% from 1Q 2024). Profit margin: 20% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €22.40. The fair value is estimated to be €18.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 0.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Declared Dividend • Jul 25
Final dividend of JP¥72.50 announced Shareholders will receive a dividend of JP¥72.50. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 319%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 71% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • Jul 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to €21.60. The fair value is estimated to be €17.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 0.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €21.40. The fair value is estimated to be €17.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to decline by 6.2% per annum. Earnings are forecast to grow by 20% per annum over the same time period. Annuncio • Jun 28
Sumitomo Mitsui Trust Holdings, Inc. to Report Q1, 2025 Results on Jul 30, 2024 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q1, 2025 results on Jul 30, 2024 Buy Or Sell Opportunity • Jun 25
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.9% to €21.40. The fair value is estimated to be €17.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to decline by 6.2% per annum. Earnings are forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • May 31
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.4% to €21.00. The fair value is estimated to be €17.42, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to decline by 7.2% per annum. Earnings are forecast to grow by 20% per annum over the same time period. Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥109 (vs JP¥259 in FY 2023) Full year 2024 results: EPS: JP¥109 (down from JP¥259 in FY 2023). Revenue: JP¥1.34t (up 14% from FY 2023). Net income: JP¥79.2b (down 59% from FY 2023). Profit margin: 5.9% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • May 17
Sumitomo Mitsui Trust Holdings, Inc., Annual General Meeting, Jun 20, 2024 Sumitomo Mitsui Trust Holdings, Inc., Annual General Meeting, Jun 20, 2024. Buy Or Sell Opportunity • May 16
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €21.00. The fair value is estimated to be €16.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 1.9% per annum. Earnings are forecast to grow by 27% per annum over the same time period. Annuncio • Mar 23
Sumitomo Mitsui Trust Holdings, Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.6%). New Risk • Feb 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.5% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 01
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥455.0b (up 62% from 3Q 2023). Net income: JP¥5.22b (down 88% from 3Q 2023). Profit margin: 1.1% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.9% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 01
Sumitomo Mitsui Trust Holdings, Inc. (TSE:8309) announces an Equity Buyback for 10,000,000 shares, representing 1.37% for ¥20,000 million. Sumitomo Mitsui Trust Holdings, Inc. (TSE:8309) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 1.37% of its issued share capital, for ¥20,000 million. The purpose of the program is to improving capital efficiency. All the repurchased shares will be cancelled. The program will expire on April 30, 2024. As of January 1, 2024, the company had 727,430,880 issued shares (excluding treasury stock) and 620,800 treasury shares. Annuncio • Dec 23
Sumitomo Mitsui Trust Holdings, Inc. to Report Q3, 2024 Results on Jan 31, 2024 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Annuncio • Nov 29
Sumitomo Mitsui Trust Holdings, Inc. Revises Year-End Dividend Guidance for the Fiscal Year 2023 Sumitomo Mitsui Trust Holdings, Inc. revised year-end dividend guidance for the fiscal year 2023. The company expected to pay dividend of JPY 55 per share against JPY 110 per share paid a year ago. Reported Earnings • Nov 19
Second quarter 2024 earnings released: EPS: JP¥20.18 (vs JP¥107 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.18 (down from JP¥107 in 2Q 2023). Revenue: JP¥406.5b (up 38% from 2Q 2023). Net income: JP¥7.33b (down 81% from 2Q 2023). Profit margin: 1.8% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 7.8% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Annuncio • Nov 01
Sumitomo Mitsui Trust Holdings, Inc. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2024 Sumitomo Mitsui Trust Holdings, Inc. revised earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expected Net income attributable to owners of the parent JPY 85.0 billion from the previous guidance of JPY 200.0 billion. Earnings per share of JPY 234.08 from the previous guidance for JPY 550.81. Annuncio • Sep 23
Sumitomo Mitsui Trust Holdings, Inc. to Report Q2, 2024 Results on Nov 14, 2023 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥110 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.0%). Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥101 (vs JP¥172 in 1Q 2023) First quarter 2024 results: EPS: JP¥101 (down from JP¥172 in 1Q 2023). Revenue: JP¥307.2b (up 2.1% from 1Q 2023). Net income: JP¥36.7b (down 43% from 1Q 2023). Profit margin: 12% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 24
Sumitomo Mitsui Trust Holdings, Inc. to Report Q1, 2024 Results on Jul 28, 2023 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q1, 2024 results on Jul 28, 2023 Annuncio • May 17
Sumitomo Mitsui Trust Holdings, Inc., Annual General Meeting, Jun 23, 2023 Sumitomo Mitsui Trust Holdings, Inc., Annual General Meeting, Jun 23, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥517 (vs JP¥451 in FY 2022) Full year 2023 results: EPS: JP¥517 (up from JP¥451 in FY 2022). Revenue: JP¥1.26t (up 12% from FY 2022). Net income: JP¥191.0b (up 13% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share at 4.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥113 (vs JP¥82.33 in 3Q 2022) Third quarter 2023 results: EPS: JP¥113 (up from JP¥82.33 in 3Q 2022). Revenue: JP¥314.0b (up 28% from 3Q 2022). Net income: JP¥41.7b (up 35% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Annuncio • Dec 23
Sumitomo Mitsui Trust Holdings, Inc. to Report Q3, 2023 Results on Jan 31, 2023 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥107 (vs JP¥161 in 2Q 2022) Second quarter 2023 results: EPS: JP¥107 (down from JP¥161 in 2Q 2022). Revenue: JP¥321.1b (up 11% from 2Q 2022). Net income: JP¥39.5b (down 35% from 2Q 2022). Profit margin: 12% (down from 21% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥107 (vs JP¥161 in 2Q 2022) Second quarter 2023 results: EPS: JP¥107 (down from JP¥161 in 2Q 2022). Revenue: JP¥321.1b (up 11% from 2Q 2022). Net income: JP¥39.5b (down 35% from 2Q 2022). Profit margin: 12% (down from 21% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.3%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥172 (vs JP¥136 in 1Q 2022) First quarter 2023 results: EPS: JP¥172 (up from JP¥136 in 1Q 2022). Revenue: JP¥314.9b (up 1.6% from 1Q 2022). Net income: JP¥64.6b (up 27% from 1Q 2022). Profit margin: 21% (up from 16% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is expected to shrink by 33% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥451 (vs JP¥380 in FY 2021) Full year 2022 results: EPS: JP¥451 (up from JP¥380 in FY 2021). Revenue: JP¥1.26t (up 18% from FY 2021). Net income: JP¥169.1b (up 19% from FY 2021). Profit margin: 14% (in line with FY 2021). Over the next year, revenue is expected to shrink by 41% compared to a 13% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Annuncio • Apr 08
Sumitomo Mitsui Trust Holdings, Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.8%). Annuncio • Feb 25
Sumitomo Mitsui Trust Holdings, Inc. (TSE:8309) announces an Equity Buyback for 9,000,000 shares, representing 2.4% for ¥30,000 million. Sumitomo Mitsui Trust Holdings, Inc. (TSE:8309) announces a share repurchase program. Under the program, the company will repurchase up to 9,000,000 shares, representing 2.4% of its issued share capital, for ¥30,000 million. The purpose of the program is to improving capital efficiency. All the repurchased shares will be cancelled. The program will expire on August 31, 2022. As of December 31, 2021, the company had 374,965,823 issued shares (excluding treasury stock) and 325,617 treasury shares. Buying Opportunity • Feb 16
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥39.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.4% per annum over the last 3 years. Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥82.33 (down from JP¥124 in 3Q 2021). Revenue: JP¥329.1b (up 22% from 3Q 2021). Net income: JP¥30.8b (down 34% from 3Q 2021). Profit margin: 9.4% (down from 17% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 76%. Over the next year, revenue is expected to shrink by 38% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Buying Opportunity • Jan 29
Now 24% undervalued Over the last 90 days, the stock is up 9.4%. The fair value is estimated to be JP¥39.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.4% per annum over the last 3 years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS JP¥161 (vs JP¥138 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥334.7b (up 17% from 2Q 2021). Net income: JP¥60.3b (up 17% from 2Q 2021). Profit margin: 18% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.4%). Reported Earnings • Jul 31
First quarter 2022 earnings released: EPS JP¥136 (vs JP¥76.11 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥318.3b (up 24% from 1Q 2021). Net income: JP¥50.8b (up 78% from 1Q 2021). Profit margin: 16% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Executive Departure • Jun 25
Senior Managing Executive Officer & Director Yutaka Nishida has left the company On the 23rd of June, Yutaka Nishida's tenure as Senior Managing Executive Officer & Director ended after 2.0 years in the role. As of March 2021, Yutaka still personally held 4.90k shares (€125k worth at the time). A total of 7 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 25
Independent External Director Takashi Yoshida has left the company On the 23rd of June, Takashi Yoshida's tenure as Independent External Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Takashi's name. A total of 7 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥380 (vs JP¥434 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥1.21t (up 8.6% from FY 2020). Net income: JP¥142.2b (down 13% from FY 2020). Profit margin: 12% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.3%). In line with average of industry peers (3.9%). Is New 90 Day High Low • Mar 04
New 90-day high: €28.00 The company is up 14% from its price of €24.60 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.45 per share. Is New 90 Day High Low • Feb 10
New 90-day high: €27.00 The company is up 9.0% from its price of €24.80 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.25 per share. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥124 (vs JP¥128 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥269.2b (down 7.8% from 3Q 2020). Net income: JP¥46.5b (down 2.9% from 3Q 2020). Profit margin: 17% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Dec 27
Sumitomo Mitsui Trust Holdings, Inc. to Report Q3, 2021 Results on Jan 28, 2021 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q3, 2021 results on Jan 28, 2021 Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS JP¥138 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥290.3b (down 3.2% from 2Q 2020). Net income: JP¥51.6b (down 19% from 2Q 2020). Profit margin: 18% (down from 21% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 11
New 90-day high: €24.40 The company is up 3.0% from its price of €23.60 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.22 per share. Annuncio • Oct 10
Sumitomo Mitsui Trust Holdings, Inc. to Report Q2, 2021 Results on Nov 12, 2020 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q2, 2021 results on Nov 12, 2020 Annuncio • Jun 28
Sumitomo Mitsui Trust Holdings, Inc. to Report Q1, 2021 Results on Jul 30, 2020 Sumitomo Mitsui Trust Holdings, Inc. announced that they will report Q1, 2021 results on Jul 30, 2020