Sumitomo Mitsui Trust Holdings, Inc. TYO: 8309 holding bankowy w Japonii

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wykres
https://www.investing.com/equities/sumi ... t-holdings
https://finance.yahoo.com/chart/8309.T

Sumitomo Mitsui Trust Holdings, Inc. jap. 三井住友トラスト・ホールディングス株式会社 TYO: 8309 - formerly Chuo Mitsui Trust Holdings, Inc., is a Japanese financial holding company headquartered in Chiyoda, Tokyo. It provides an assortment of financial solutions and financial products to retail and wholesale customers, with a focus on asset management, financial brokerage and real estate services.
Its main operating company is Sumitomo Mitsui Trust Bank, Limited jap. 三井住友信託銀行株式会社 which is the largest trust company and the fifth-largest bank in Japan measured by assets.

The company has no capital relationship with the Sumitomo Mitsui Financial Group TYO: 8316; the two banking groups are similarly named because both are descended from the historical Sumitomo and Mitsui conglomerates.

https://en.wikipedia.org/wiki/Sumitomo_ ... t_Holdings
http://smth.jp/en
dywidendy
https://www.investing.com/equities/sumi ... -dividends

TAGI bank, bankowość

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UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management
https://japantoday.com/category/busines ... management

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Japan's 5 Major Banks See Latent Share Profits Plummet

Tokyo, March 31 (Jiji Press)--Combined latent profits on shares held by five major banking groups in Japan as of Tuesday, the final day of fiscal 2019, fell by 2.28 trillion yen, or about 30 pct, from a year before, according to an estimate by an analyst.

The unrealized profits totaled some 5.45 trillion yen, compared with the year-before level of 7.73 trillion yen, based on the TOPIX index of all stocks listed on the first section of the Tokyo Stock Exchange, Akira Takai, chief analyst at Daiwa Securities Co., said.

The drop reflects plummeting share prices amid the spread of the new coronavirus.

Takai said that the five banks' capital-to-asset ratios will go down, but added that they have already conducted write-downs of their shareholdings in fiscal 2008 following a stock market tumble triggered by the September 2008 collapse of U.S. investment bank Lehman Brothers. "Additional costs will be limited," he said.

The five groups are Mitsubishi UFJ Financial Group Inc. <8306>, Sumitomo Mitsui Financial Group Inc. <8316>, Mizuho Financial Group Inc. <8411>, Resona Holdings Inc. <8308> and Sumitomo Mitsui Trust Holdings Inc. <8309>.

[Copyright The Jiji Press, Ltd.]

https://www.nippon.com/en/news/yjj20200 ... ummet.html

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Sumitomo Mitsui Trust to Invest 1.5 B. Dlrs in U.S. Fund
Tokyo, July 7 (Jiji Press)--Japan's Sumitomo Mitsui Trust Holdings Inc. <8309> said Thursday it will invest 1.5 billion dollars in U.S. fund Apollo Global Management Inc. through subsidiary Sumitomo Mitsui Trust Bank.
Sumitomo Mitsui Trust Holdings said it will form a business alliance with the investment fund mainly in the field of asset management.

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Strong loan demand boosts Q2 profits at Japan's Sumitomo Mitsui, Mizuho

TOKYO (Reuters) -Sumitomo Mitsui Financial Group Inc and Mizuho Financial Group on Monday reported strong second-quarter profits on demand from overseas clients looking to lock in loans ahead of higher interest rates.

Sumitomo Mitsui (NYSE:SMFG), Japan's second-largest bank by assets, lifted its net profit forecast for the full year to March by 5% to 770 billion yen ($5.51 billion) after posting an 8% profit increase for July-September.

"Expectations for higher interest rates drove overseas clients, mainly in the United States, to lock in loans," Sumitomo Mitsui CEO Jun Ohta told a press briefing. Lending in Japan was also brisk as companies made fresh investments as part of their post-pandemic business strategies, he added.

Smaller rival Mizuho posted a 29% increase in quarterly net profit, also citing growth in lending overseas.

Meanwhile, second-quarter net profit plunged 70.5% to 117.41 billion yen at Japan's largest lender Mitsubishi UFJ (NYSE:MUFG) Financial Group Inc because of a one-off accounting loss related to the sale this year of U.S. unit MUFG Union Bank.

But Mitsubishi UFJ, which owns about 22% of Morgan Stanley (NYSE:MS), also saw healthy growth in overseas lending.

Mitsubishi UFJ and Mizuho both maintained their full-year profit outlooks.

Mitsubishi UFJ and Sumitomo Mitsui announced share repurchases of worth up to 150 billion yen and 200 billion yen, respectively.

The heads of the top three lenders all sounded a note of caution about their earnings outlooks, however.

"In Japan, we would take loan loss provisions in a forward-looking way for industries that cannot pass on rising costs to prices," Mizuho CEO Masahiro Kihara said. "And overseas particularly needs caution as higher interest rates would drain cash flows at some firms," he added.

Rising U.S. interest rates have also badly hit the banks' holdings on overseas bonds, mainly U.S. Treasuries, in which they invested heavily in search of higher returns amid ultra-low rates at home.

Combined valuation losses on such holdings at the three banks stood at 3.972 trillion yen at the end of September, an increase from 2.656 trillion yen at the end of June.

But the banks all said a large part of their positions have been hedged and losses are manageable. "We have reduced our positions significantly already," Mitsubishi UFJ CEO Hironori Kamezawa said.

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