Sumitomo Mitsui Trust Group, Inc., First Half Ordinary Profit Increases by 3.5 times, July-September Ordinary Profit Increases by 11 times

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Tue Nov 12, 2024 4:00 pm JST Earnings

8309 Sumitomo Mitsui Trust Group, Inc. 【J-GAAP】

Earnings Report

Sumitomo Mitsui Trust Group, Inc. <8309> [TSE-P] announced its financial results after the market closed on November 12th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 3.5 times that of the same period last year, reaching 183 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged to 11 times that of the same period last year, reaching 91.5 billion yen.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	825,121	ー	145,119	104,032	139.9	50.8	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	1,191,005	ー	51,574	44,063	60.7	50.9	Nov 14, 2023	J-GAAP
Apr - Sep, 2024	1,334,516	ー	183,003	132,824	184.7	ー	Nov 12, 2024	J-GAAP
YoY	+12.0%	－	+254.8%	+201.4%	+204.4%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	72.50	May 14, 2024	J-GAAP
Apr - Sep, 2024 Results	1,334,516	ー	183,003	132,824	184.7	72.50	Nov 12, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,284,298	ー	49,753	35,136	48.4	55	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	ー	107,176	150.8	72.50	Nov 12, 2024	J-GAAP
YoY	－	－	－	+205.0%	+211.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,819,060	ー	285,840	191,000	258.6	105	May 12, 2023	J-GAAP
Mar, 2024	2,475,303	ー	101,327	79,199	109.2	110	May 14, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	ー	240,000	337.6	145	May 14, 2024	J-GAAP
YoY	－	－	－	+203.0%	+209.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	643,357	ー	8,506	7,327	10.1	0.0	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	587,013	ー	4,209	5,218	7.2	0.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	697,285	ー	45,544	29,918	41.2	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	669,098	ー	91,485	66,699	92.7	0.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	665,418	ー	91,518	66,125	92.0	0.0	Nov 12, 2024	J-GAAP
YoY	+3.4%	－	+975.9%	+802.5%	+811.3%