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Sumitomo Mitsui Trust, Net Income Forecast for Last Fiscal Year Revised Upward by 7%, Raises Record High Profit Forecast, Dividend Revised Upward by 15 Yen

Thu Apr 30, 2026 4:00 pm JST Revision

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

Guidance Update Report

Sumitomo Mitsui Trust Group, Inc. <8309> [TSE Prime] announced a revision to its performance and dividend after the market closed on April 30th (16:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 7.5%, from the previous forecast of 295 billion yen to 317 billion yen (compared to 257 billion yen in the previous period), increasing the growth rate from 14.5% to 23.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 17.8%, from the previous forecast of 123 billion yen to 145 billion yen (compared to 124 billion yen in the same period of the previous year), turning to a 16.7% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the last fiscal year from the original plan of 170 yen to 185 yen (compared to 155 yen in the previous period).

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Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev ー ー ー 123,690 177.5 90 Nov 12, 2025 J-GAAP
Oct - Mar, 2025 New ー ー ー 145,690 207.3 105 Apr 30, 2026 J-GAAP
Revision Rate － － － +17.8% +16.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev ー ー ー 295,000 423.3 170 Nov 12, 2025 J-GAAP
Mar, 2026 New ー ー ー 317,000 451.0 185 Apr 30, 2026 J-GAAP
Revision Rate － － － +7.5% +6.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,587,912 ー 184,691 124,811 174.2 82.50 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー ー 145,690 207.3 105 Apr 30, 2026 J-GAAP
YoY － － － +16.7% +19.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,475,303 ー 101,327 79,199 109.2 110 May 14, 2024 J-GAAP
Mar, 2025 2,922,428 ー 367,694 257,635 359.6 155 May 14, 2025 J-GAAP
Mar, 2026 Guidance ー ー ー 317,000 451.0 185 Apr 30, 2026 J-GAAP
YoY － － － +23.0% +25.4%

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