• TOP>
  • IR Library>
  • Financial Highlights, Summary of financial results
Financial HighlightsJAPANESE

Summary of financial results

[Summary of Financial Results for 1HFY2016]

Sumitomo Mitsui Trust Holdings (Consolidated)

  • ■ “Net business profit before credit costs” <1> increased by 10.6 billion yen from 1HFY2015 to 146.1 billion yen due mainly to decrease in “Net interest income and related profit” in SuMi TRUST Bank (Non-consolidated), while contribution from subsidiaries engaging in financial services increased.
  • ■ “Ordinary profit” <2> remained at 137.4 billion yen kept at the same level as 1HFY2015 due to improvement of "Net gains on stocks"<5> .
  • ■ “Net income attributable to owners of the parent”<3> increased by 1.9 billion yen from 1HFY2015 to 87.9 billion yen, which represents 51% of the net income forecast for FY2016, 170.0 billion yen.

(Billions of Yen)

  1HFY2015 1HFY2016 Change
Net business profit before credit costs (*1) 1 156.7 146.1 (10.6)
Ordinary profit 2 137.2 137.4 0.1
Net income attributable to owners of the parent 3 86.0 87.9 1.9
Total credit costs 4 0.0 0.7 0.7
Net gains on stocks 5 (1.5) 9.9 11.4
Return (Net income) on shareholders’ equity (ROE) 6 9.09% 8.79% (0.30)%

(Per share information)

Earnings per common share (EPS) (Yen) (*2) 7 222.89 229.51 6.62
Net assets per common share (BPS) (Yen) (*2) 8 6,181.19 6,190.16 8.97

(Difference from non-consolidated financial results) (*3)

Net business profit before credit costs 9 35.9 40.0 4.0
Net income attributable to owners of the parent (*4) 10 16.9 18.0 1.0
Total credit costs 11 0.1 (1.8) (2.0)
Net gains on stocks 12 (0.0) (0.2) (0.1)
  • (*1) Consolidated net business profit before credit costs = Net business profit before credit costs of Sumitomo Mitsui Trust Bank (Non-consolidated) + Ordinary profit of other subsidiary companies (non-recurring effect adjusted) + Ordinary profit of affiliates (non-recurring effect adjusted) x Ratio of equity holdings – Intra-group transaction (dividends, etc.)
  • (*2) Indices are presented assuming that the consolidation of shares (one (1) share for every ten (10) shares) enacted on October 1, 2016, took place at the beginning of fiscal year ended March 31, 2016, for consistency purposes.
  • (*3) Difference from Sumitomo Mitsui Trust Bank (Non-consolidated)
  • (*4) Differences between Net income attributable to owners of the parent (Consolidated) and Net income (Non-consolidated).

Sumitomo Mitsui Trust Bank (Non-consolidated)

  • ■ “Net business profit before credit costs” <22> decreased by 14.7 billion yen from 1HFY2015 to 106.1 billion yen due primarily to decrease in “Net interest income and related profit” <14> mainly from decrease in interest on foreign bond and increase in foreign currencies funding costs, whereas “General and administrative expenses”<20>decreased.
  • ■ “Ordinary profit” <28> decreased by 0.4 billion yen from 1HFY2015 to 101.2 billion yen, while “Net gains on stocks” <26> improved.
  • ■ “Net income” <32> increased by 0.8 billion yen from 1HFY2015 to 69.8 billion yen, which represents 51% of the net income forecast for FY2016, 135.0 billion yen.

(Billions of Yen)

  1HFY2015 1HFY2016 Change
Gross business profit 13 239.7 221.5 (18.1)
  Net interest income and related profit 14 115.6 90.3 (25.2)
  Net fees and commissions and related profit 15 98.7 96.7 (1.9)
  Net trading profit 16 8.4 6.3 (2.0)
  Net other operating profit 17 16.8 28.0 11.1
    o/w Net gains on foreign exchange transactions 18 5.0 14.2 9.2
    o/w Net gains on bonds 19 13.5 16.9 3.4
    o/w Net gains from derivatives other than for trading or hedging 20 (2.0) (3.6) (1.6)
General and administrative expenses 21 (118.8) (115.4) 3.4
Net business profit before credit costs 22 120.8 106.1 (14.7)
Net non-recurring profit 23 (19.1) (4.8) 14.2
  Banking a/c credit costs 24 (2.3) (0.3) 2.0
  Reversal of allowance for loan losses, etc. 25 2.2 2.9 0.7
  Net gains on stocks 26 (1.4) 10.1 11.6
  Others 27 (17.5) (17.7) (0.1)
Ordinary profit 28 101.6 101.2 (0.4)
Extraordinary profit 29 (0.6) (2.4) (1.7)
Income before income taxes 30 100.9 98.7 (2.1)
Total income taxes 31 (31.9) (28.8) 3.0
Net income 32 69.0 69.8 0.8
Total credit costs 33 (0.1) 2.6 2.7
Overhead ratio (OHR) (-20 / 13) 34 49.60% 52.11% 2.51%

This icon indicates that the transition to an external website.

This website contains content that requires Adobe® Flash® Player.
In order to view it, please download Adobe® Flash® Player (free) offered by Adobe Systems Corporation. Download it Here