8309
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ株式会社
Banks
Sumitomo Mitsui Trust Group, Inc. operates as a trust bank in Japan and internationally. The company engages in various businesses, such as wealth management, corporate, investor service, asset management, real estate, and other businesses. It also offers asset management and administration services; real estate brokerage, ESG consulting, and custody functions; and investment and treasury, and client services. The company was formerly known as Sumitomo Mitsui Trust Holdings, Inc. and changed its name to Sumitomo Mitsui Trust Group, Inc. in October 2024. Sumitomo Mitsui Trust Group, Inc. was founded in 1924 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥2,983.5B
—
—
—
—
Operating Income
¥401.5B
—
—
—
—
Ordinary Income
¥401.5B
¥367.7B
¥101.3B
¥285.8B
¥229.7B
Pre-tax Income
¥428.1B
¥354.4B
¥98.0B
¥271.4B
¥228.0B
Income Taxes
¥107.5B
¥95.3B
¥17.6B
¥79.4B
¥57.8B
Current Tax
—
¥105.2B
¥20.0B
¥50.8B
¥57.3B
Deferred Tax
—
¥-9.9B
¥-2.3B
¥28.6B
¥420M
Net Income (owners)
¥317.6B
¥257.6B
¥79.2B
¥191.0B
¥169.1B
Minority Interest
—
¥1.5B
¥1.1B
¥1.0B
¥1.2B
Comprehensive Income
—
¥115.5B
¥416.2B
¥198.5B
¥90.9B
Goodwill Amort. (J-GAAP)
—
¥6.7B
¥7.0B
¥8.0B
¥7.9B
EPS
¥451.80
¥359.56
¥109.16
¥517.14
¥451.40
Shares Outstanding
—
712.7M
720.7M
363.9M
375.0M
Shares Issued (total)
—
721.4M
728.1M
368.2M
375.3M
Treasury Shares
—
8.6M
7.3M
4.2M
0.3M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥82,174.3B
¥78,247.1B
¥75,876.9B
¥69,022.7B
¥64,633.2B
PP&E
¥219.2B
¥218.4B
¥226.7B
¥222.6B
¥224.5B
Goodwill
—
¥8.1B
¥14.8B
¥21.7B
¥29.5B
Intangible Assets
—
¥174.7B
¥149.2B
¥131.0B
¥125.7B
Deferred Tax Assets
—
¥8.2B
¥7.9B
¥10.7B
¥15.6B
Total Liabilities
¥78,583.3B
¥75,119.8B
¥72,739.2B
¥66,200.2B
¥61,887.9B
Total LT Borrowings
¥3,927.6B
¥3,543.5B
¥2,787.4B
¥2,501.8B
¥2,076.6B
Pension Obligations
—
¥12.6B
¥14.0B
¥13.7B
¥13.6B
Deferred Tax Liab.
—
¥135.5B
¥201.9B
¥65.6B
¥44.1B
Total Equity
¥3,591.0B
¥3,127.3B
¥3,137.7B
¥2,822.6B
¥2,745.3B
Capital Stock
—
¥261.6B
¥261.6B
¥261.6B
¥261.6B
Capital Surplus
—
¥506.6B
¥526.3B
¥546.1B
¥576.1B
Retained Earnings
¥2,170.5B
¥1,968.1B
¥1,802.1B
¥1,803.0B
¥1,682.5B
Treasury Stock
—
¥-36.4B
¥-23.6B
¥-22.9B
¥-2.7B
AOCI
—
¥396.2B
¥539.9B
¥204.3B
¥198.0B
Equity (owners)
¥2,843.6B
¥2,699.9B
¥2,566.4B
¥2,587.8B
¥2,517.5B
Minority Interests
—
¥30.4B
¥30.5B
¥29.5B
¥28.7B
Total Interest-Bearing Debt ⓘ
¥3,927.6B
¥3,543.5B
¥2,787.4B
¥2,501.8B
¥2,076.6B
Net Cash ⓘ
¥18,623.7B
¥19,518.9B
¥18,050.5B
¥16,670.9B
¥13,657.0B
BV/Share
—
¥3,788
¥3,561
¥7,111
¥6,714
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1,220.4B
¥3,976.7B
¥4,294.5B
¥2,616.2B
¥-120.3B
Taxes Paid
—
¥-18.3B
¥-41.5B
¥-77.2B
¥-55.9B
D&A
¥50.0B
¥43.0B
¥37.6B
¥32.8B
¥30.8B
Goodwill Amort.
—
¥6.7B
¥7.0B
¥8.0B
¥7.9B
Investing CF
¥-1,548.8B
¥-1,763.8B
¥-2,584.2B
¥960.3B
¥-879.2B
CapEx
¥16.7B
¥12.9B
¥17.8B
¥8.7B
¥8.9B
Financing CF
¥-196.8B
¥-47.6B
¥-85.8B
¥-217.5B
¥-125.1B
Dividends Paid
—
¥-91.9B
¥-80.0B
¥-70.5B
¥-58.1B
Share Buybacks
—
¥-33.5B
¥-21.1B
¥-50.4B
¥-21M
Free Cash Flow
¥1,203.7B
¥3,963.7B
¥4,276.8B
¥2,607.6B
¥-129.1B
Net Change in Cash
—
¥2,224.5B
¥1,665.2B
¥3,439.0B
¥-1,065.5B
Metric
FY 2025
TDnet
FY 2024
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FY 2023
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FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
9.5%
8.3%
2.7%
6.9%
6.2%
ROA
0.4%
0.3%
0.1%
0.3%
0.3%
EPS
¥451.80
¥359.56
¥109.16
¥517.14
¥451.40
DPS
¥80.00
¥155.00
¥110.00
¥210.00
¥170.00
BPS
¥5,104.06
¥4,354.91
¥4,316.76
¥7,686.52
¥7,249.70
FCF/Share
—
¥5,562
¥5,934
¥7,165
¥-344
Payout Ratio
17.7%
43.1%
100.8%
40.6%
37.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.4%
change
Passive
—
2025-03-24
Nomura Asset Management Co., Ltd.
6.13%
change
Passive
—
2024-03-22
BlackRock Japan Co., Ltd.
7.15%
change
Passive
—
Capital Allocation Signals 2
Date
Type
Amount
Summary
2026-05-14
16:30
Buyback
¥50.0B 2.0%
Mitsui Sumitomo Trust Group, board resolved on 2026-05-14 to repurchase up to 14.0 million shares (2.0% of outstanding s…
Summary
Mitsui Sumitomo Trust Group, board resolved on 2026-05-14 to repurchase up to 14.0 million shares (2.0% of outstanding shares) for a maximum of JPY 50 billion through open market purchases on the Tokyo Stock Exchange between May 15 and September 30, 2026. All repurchased shares will be cancelled as of October 20, 2026. The buyback is intended to improve capital efficiency while maintaining sufficient capital adequacy and supporting long-term profit growth.
Deadline: 2026-09-30
% of Shares: 2.0%
Shares: 14,000,000
Source (JP)
自己株式取得に係る事項の決定および自己株式消却に係る事項の決定に関するお知らせ。取得する株式の総数 14,000 千株(上限)、株式の取得価額の総額 500 億円(上限)、取得期間 2026年5月15日~2026年9月30日。
自己株式取得に係る事項の決定および自己株式消却に係る事項の決定に関するお知らせ
TDnet PDF
2026-05-14
16:30
Capital Policy
—
Sumitomo Mitsui Trust Group, announced a revision to its shareholder return policy effective FY2026 (March 2027). The co…
Summary
Sumitomo Mitsui Trust Group, announced a revision to its shareholder return policy effective FY2026 (March 2027). The company will shift from a dividend payout ratio target of 40% or higher to a total shareholder return ratio of 50% or higher, combining dividends and share buybacks. Dividends will be set at approximately 50% of adjusted net profit (excluding gains/losses from policy shareholding disposals), enabling more stable and sustainable dividend management.
Source (JP)
総還元性向50%以上を目安に株主還元を行う。1株当たり配当金については、累進的としつつ、政策保有株式の売却損益を除く「修正純利益」の50%程度を目安に決定する。
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
114,410,700
16.05%
2
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
49,258,154
6.91%
3
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
29,106,314
4.08%
4
STATE STREET BANK WEST CLIENT ― TREATY
STATE STREET BANK WEST CLIENT ― TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
13,272,370
1.86%
5
JPモルガン証券株式会社
13,113,232
1.83%
6
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
10,497,176
1.47%
7
バークレイズ証券株式会社
10,318,300
1.44%
8
野村信託銀行株式会社(投信口)
9,796,200
1.37%
9
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
9,711,972
1.36%
10
三井住友トラストグループ持株会
7,679,773
1.07%
Domestic Nominees
23.0%
+1.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
14.5%
+1.3% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
17.51%
16.04%
16.05%
+0.01%
Japan Custody Bank
日本カストディ銀行
6.78%
5.96%
6.91%
+0.95%
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001
1.60%
1.90%
4.08%
+2.18%
STATE STREET BANK WEST CLIENT ― TREATY
STATE STREET BANK WEST CLIENT ― TREATY 505234
1.62%
1.82%
1.86%
+0.04%
JPモルガン証券
1.36%
1.64%
1.83%
+0.19%
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781
1.32%
1.45%
1.47%
+0.02%
Barclays
↑
—
1.26%
1.44%
+0.18%
野村信託銀行株式会社(投信口)
NEW ENTRY
—
—
—
1.37%
NEW
STATE STREET BANK AND TRUST COMPANY 505103
NEW ENTRY
—
—
—
1.36%
NEW
三井住友トラストグループ持株会
NEW ENTRY
—
—
—
1.07%
NEW
NORTHERN TRUST CO.(AVFC)RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST
NORTHERN TRUST CO.(AVFC)RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST
last seen 2024
Exited Top 10
2.07%
1.92%
—
SSBTC CLIENT OMNIBUS ACCOUNT
SSBTC CLIENT OMNIBUS ACCOUNT
last seen 2024
Exited Top 10
1.40%
1.79%
—
NORTHERN TRUST CO.(AVFC) RE U.S.TAX EXEMPTED PENSION FUNDS
NORTHERN TRUST CO.(AVFC) RE U.S.TAX EXEMPTED PENSION FUNDS
last seen 2024
Exited Top 10
1.40%
1.40%
—
THE BANK OF NEW YORK MELLON140051
last seen 2023
Exited Top 10
1.36%
—
—
Concentration (HHI)
ⓘ
371
315
338
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved