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Sumitomo Mitsui Trust, Net Income Forecast for the Fiscal Year Revised Upward by 5%, Raises Record High Profit Forecast, Dividend Revised Upward by 10 Yen

Wed Nov 12, 2025 4:00 pm JST Earnings

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

Earnings Report

Sumitomo Mitsui Trust Group, Inc. <8309> [TSE Prime] announced its financial results after the market closed on November 12th (16:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 29.0% from the same period last year, reaching 171 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 5.4%, from the previous forecast of 280 billion yen to 295 billion yen (compared to 257 billion yen in the previous period), increasing the growth rate from 8.7% to 14.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to nearly flat at 123 billion yen, down 0.9% from the same period last year.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 160 yen to 170 yen (compared to 155 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated net income grew 21.7% from the same period last year, reaching 80.4 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, 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 49.8 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 1,374,871 ー 196,451 171,310 242.6 ー Nov 12, 2025 J-GAAP
YoY +3.0% － +7.3% +29.0% +31.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 80 May 14, 2025 J-GAAP
Apr - Sep, 2025 Results 1,374,871 ー 196,451 171,310 242.6 80 Nov 12, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

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 280,000 399.4 160 May 14, 2025 J-GAAP
Mar, 2026 New ー ー ー 295,000 420.8 170 Nov 12, 2025 J-GAAP
Revision Rate － － － +5.4% +5.4%

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 123,690 176.4 90 Nov 12, 2025 J-GAAP
YoY － － － -0.9% +1.3%

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 295,000 420.8 170 Nov 12, 2025 J-GAAP
YoY － － － +14.5% +17.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 665,418 ー 91,518 66,125 92.0 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 743,447 ー 129,578 93,166 129.7 0.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 844,465 ー 55,113 31,645 44.2 0.0 May 14, 2025 J-GAAP
Apr - Jun, 2025 652,599 ー 83,192 90,834 128.1 0.0 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 722,272 ー 113,259 80,476 113.9 0.0 Nov 12, 2025 J-GAAP
YoY +8.5% － +23.8% +21.7% +23.9%

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