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

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 825,121 145,119 104,032 139.9 50.8 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 1,191,005 51,574 44,063 60.7 50.9 Nov 14, 2023 J-GAAP
Apr - Sep, 2024 1,334,516 183,003 132,824 184.7 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 72.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 Results 1,334,516 183,003 132,824 184.7 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 49,753 35,136 48.4 55 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 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 1,819,060 285,840 191,000 258.6 105 May 12, 2023 J-GAAP
Mar, 2024 2,475,303 101,327 79,199 109.2 110 May 14, 2024 J-GAAP
Mar, 2025 Guidance 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 8,506 7,327 10.1 0.0 Nov 14, 2023 J-GAAP
Oct - Dec, 2023 587,013 4,209 5,218 7.2 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 697,285 45,544 29,918 41.2 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 669,098 91,485 66,699 92.7 0.0 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 665,418 91,518 66,125 92.0 0.0 Nov 12, 2024 J-GAAP
YoY +3.4% +975.9% +802.5% +811.3%

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