Explanatory Material

Fiscal Year 2023 ended on Mar. 31, 2024

Table of Contents

Financial figures

1.

Status of profit and loss---------

1-2

2.

Breakdown of profit by business group---------

3

3.

Yields and margins---------

4

4.

Net gains on securities---------

4

5.

Unrealized gains/ losses on investment securities---------

5-6

6.

Maturity ladder of securities---------

7

7.

Shareholdings---------

7

8.

Deferred unrealized gains/ losses of derivative transactions qualified for hedge accounting ---------

7

9.

BIS capital adequacy ratio (Basel III, international standard)---------

8-9

10.

Return on equity (ROE)---------

9

11.

Loans and Deposits (Banking a/c and principal guaranteed trust a/c combined)---------

10

12.

Loans (Banking a/c and principal guaranteed trust a/c combined)---------

11

13.

Non-Performing Loans (NPLs) based on Banking Act and Reconstruction Act---------

12-13

(Banking a/c and principal guaranteed trust a/c combined)

14.

Self-Assessment and Non-Performing Loans (NPLs) based on Banking Act and Reconstruction Act ---------

13

(Banking a/c and principal guaranteed trust a/c combined)

15.

Allowance for loan losses---------

14

16.

Final disposal of non-performing loans (Banking a/c and principal guaranteed trust a/c combined) ---------

15

17.

Retirement benefits---------

16

18.

Deferred tax assets---------

17

Other referential financial figures of SuMi TRUST Bank---------

18-20

Sumitomo MitsuiTrust Holdings (Consolidated): "SuMi TRUST Holdings"or"Consolidated"

Sumitomo Mitsui Trust Bank (Non-consolidated): "SuMi TRUST Bank" or "Non-Consolidated"

Legal Disclaimer

Regarding forward-looking Statements contained in this material

This presentation material contains information that constitutes forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors including but not limited to changes in managerial circumstances. By virtue of the aforementioned reasons, Sumitomo Mitsui Trust Holdings, Inc. hereby cautions against sole reliance on such forward-looking statements in making investment decisions.

Sumitomo Mitsui Trust Holdings, Inc.

Financial figures

1. Status of profit and loss

[Consolidated]

(Millions of yen)

FY2023

FY2022

Change

Consolidated gross business profit (*1)

1

796,460

741,814

54,646

Consolidated gross business profit

2

796,460

741,814

54,646

(after written-off of principal guaranteed trust a/c) (1 + 20)

Net interest income and related profit

3

(99,231)

128,997

(228,228)

Net interest income

4

(120,387)

108,851

(229,239)

Trust fees from principal guaranteed trust a/c

5

21,155

20,145

1,010

(before written-off of principal guaranteed trust a/c)

433,344

Net fees and commissions and related profit

6

407,068

26,275

Net fees and commissions

7

338,230

317,492

20,738

Other trust fees

8

95,114

89,576

5,537

Net trading profit

9

75,917

10,424

65,492

Net other operating profit

10

386,429

195,323

191,105

Net gains on foreign exchange transactions

11

349,405

199,670

149,734

Net gains on bonds

12

6,966

(25,088)

32,054

Net gains from derivatives other than for trading or hedging

13

8,127

1,093

7,033

General and administrative expenses

14

(500,672)

(456,075)

(44,596)

(excluding amortization of goodwill)

15

(493,648)

(448,073)

(45,574)

Personnel expenses

16

(224,945)

(206,424)

(18,520)

Non-personnel expenses excluding taxes

17

(261,926)

(235,310)

(26,616)

Taxes other than income taxes

18

(13,800)

(14,340)

540

Provision of general allowance for loan losses

19

(4,121)

3,563

(7,685)

Principal guaranteed trust a/c credit costs

20

-

-

-

Banking a/c credit costs

21

(8,996)

(15,164)

6,167

Written-off of loans

22

(5,571)

(9,742)

4,170

Provision of specific allowance for loan losses

23

(3,425)

(5,110)

1,685

Losses on sales of loans

24

-

(311)

311

Reversal of allowance for loan losses

25

-

-

-

Recoveries of written-off claims

26

1,240

1,123

116

Net gains on stocks

27

(188,508)

3,080

(191,588)

Losses on devaluation of stocks

28

(2,028)

(1,642)

(386)

Net income from affiliates by equity method

29

18,733

18,102

631

Others

30

(12,808)

(10,602)

(2,205)

Ordinary profit

31

101,327

285,840

(184,513)

Extraordinary profit

32

(3,349)

(14,453)

11,103

Impairment loss on fixed assets

33

(630)

(933)

302

Impairment loss on fixed assets

34

(7,407)

(18,187)

10,779

Other (*2)

35

4,688

4,667

21

Income before income tax

36

97,977

271,387

(173,410)

Total income taxes

37

(17,636)

(79,357)

61,721

Income taxes-current

38

(19,967)

(50,760)

30,793

Income taxes-deferred

39

2,331

(28,597)

30,928

Net income

40

80,340

192,029

(111,688)

Net income attributable to non-controlling interests

41

(1,141)

(1,029)

(111)

Net income attributable to owners of the parent

42

79,199

191,000

(111,800)

Total credit costs (19 + 20 + 21 + 25 + 26)

43

(11,877)

(10,477)

(1,400)

(*1) Consolidated gross business profit = Trust fees + (Interest income - Interest expenses) + (Fees and commissions - Fees and commissions payments) + (Trading income - Trading expenses) + (Other operating income - Other operating expenses)

(*2) Gains on sales of stocks of subsidiaries and affiliates.

Consolidated net business profit before credit costs (*3)

44

338,670

324,641

14,029

(*3) Consolidated net business profit before credit costs = Non-consolidated net business profit before credit costs + Ordinary profits of other subsidiary companies (non-recurring effect adjusted) + Ordinary profits of affiliates (non-recurring effect adjusted) x Ratio of equity holdings - Intra-group transaction (dividends, etc.)

(Reference) Major components of "Consolidated net business profit before credit costs" <44>, in which gross income and expense from the affiliates are taken into consideration for managerial accounting, are shown in the table below.

Substantial consolidated gross business profit

45

874,155

814,162

59,992

Substantial net fees and commissions and related profit

46

478,880

449,361

29,518

Substantial general and administrative expenses

47

(535,484)

(489,521)

(45,963)

Consolidated Fee income ratio

48

54.7%

55.1%

(0.4%)

non-consolidated financial results

(*4)>

Net business profit before credit costs

49

62,688

78,735

(16,047)

Net income attributable to owners of the parent (*5)

50

21,359

21,864

(505)

Total credit costs

51

(290)

1,938

(2,228)

Net gains on stocks

52

117

(2,888)

3,005

(*4) Differences between "Consolidated" and "Non-consolidated".

(*5) Differences between "Net income attributable to owners of the parent" in "Consolidated" and "Net income" in "Non-consolidated".

Mar. 2024

Mar. 2023

Change

Consolidated subsidiaries

60

58

2

Affiliates (subject to the equity method)

30

30

-

1

Sumitomo Mitsui Trust Holdings, Inc.

[Non-consolidated]

(Millions of yen)

FY2023

FY2022

Change

Gross business profit

1

566,104

508,198

57,906

Gross business profit

2

566,104

508,198

57,906

(after written-off of principal guaranteed trust a/c) (1 + 24)

Net interest income and related profit

3

(85,460)

133,406

(218,867)

Net interest income

4

(106,616)

113,261

(219,877)

Domestic

5

188,982

188,312

669

International

6

(295,598)

(75,050)

(220,547)

Trust fees from principal guaranteed trust a/c

7

21,155

20,145

1,010

(before written-off of principal guaranteed trust a/c)

Net fees and commissions and related profit

8

211,203

193,268

17,935

Net fees and commissions

9

116,089

103,692

12,397

Other trust fees

10

95,114

89,576

5,537

Net trading income

11

75,917

10,424

65,492

Net other operating profit

12

364,444

171,099

193,345

Net gains on foreign exchange transactions

13

346,772

199,248

147,523

Net gains on bonds

14

6,357

(26,005)

32,362

Net gains from derivatives other than for trading or hedging

15

15,235

1,053

14,182

General and administrative expenses

16

(290,122)

(262,293)

(27,829)

Personnel expenses

17

(127,445)

(117,793)

(9,652)

Non-personnel expenses

18

(153,658)

(134,648)

(19,009)

Taxes other than income taxes

19

(9,018)

(9,851)

832

Net business profit before credit costs (1 + 16)

20

275,982

245,905

30,076

Core net operating profit (20-14)

21

269,624

271,910

(2,285)

Core net operating profit (excluding gains/(losses) on cancellation of investment)

22

267,963

258,372

9,590

Provision of general allowance for loan losses

23

(6,426)

952

(7,379)

Principal guaranteed trust a/c credit costs

24

-

-

-

Net business profit

25

269,555

246,857

22,697

Net non-recurring profit

26

(210,854)

(22,260)

(188,594)

Banking a/c credit costs

27

(6,140)

(14,042)

7,901

Written-off of loans

28

(4,366)

(8,267)

3,901

Provision of specific allowance for loan losses

29

(1,774)

(5,463)

3,689

Losses on sales of loans

30

-

(311)

311

Reversal of allowance for loan losses

31

-

-

-

Recoveries of written-off claims

32

979

674

305

Net gains on stocks

33

(188,625)

5,968

(194,593)

Losses on devaluation of stocks

34

(3,017)

(646)

(2,370)

Others

35

(17,068)

(14,860)

(2,207)

Amortization of net actuarial losses/ prior service cost

36

(4,761)

(3,839)

(922)

Provision for contingent loss

37

(284)

305

(590)

Losses on investment in partnerships

38

(10,296)

(9,731)

(564)

Net gains on stock related derivatives

39

3,287

1,811

1,475

Ordinary profit

40

58,701

224,597

(165,896)

Extraordinary profit

41

(3,773)

(311)

(3,461)

Net gains on disposal of fixed assets

42

710

(858)

1,568

Impairment loss on fixed assets

43

(7,065)

(16,660)

9,595

Other

44

2,581

17,207

(14,625)

Income before income taxes

45

54,927

224,286

(169,358)

Total income taxes

46

2,912

(55,150)

58,062

Income taxes-current

47

2,006

(31,701)

33,707

Income taxes-deferred

48

905

(23,449)

24,355

Net income

49

57,839

169,135

(111,295)

Total credit costs (23 + 24 + 27 + 31 + 32)

50

(11,587)

(12,415)

827

Overhead ratio (-16/1)

51

51.25%

51.61%

(0.36%)

2

Sumitomo Mitsui Trust Holdings, Inc.

2. Breakdown of profit by business group

(1) Gross business profit

[Non-consolidated]

(Billions of yen)

FY2023

FY2022

Change

Retail Business

142.0

134.1

7.9

Corporate Business (*1)

196.0

166.1

29.9

Investor Services Business (*1)

122.7

115.0

7.6

Real Estate Business (*1)

38.6

44.1

(5.4)

Global Markets Business

65.9

69.3

(3.3)

Fees paid out for outsourcing (*2)

(55.9)

(51.6)

(4.3)

Corporate Business related

(15.6)

(12.5)

(3.0)

Investor Services Business related

(40.3)

(39.0)

(1.2)

Others (*1), (*3)

56.5

30.9

25.5

Gross business profit

566.1

508.1

57.9

(*1) Changed the attribution segment for gains/losses on some equity investment and other methods since the beginning of this fiscal year.

(*2) "Corporate Business related" is related to stock transfer agency services and "Investor Services Business related" is related to asset adminisitration and asset management, etc.

(*3) Figures for "Others" include costs of capital funding, dividends of shares for cross-shareholdings, general and administrative expenses of headquarters, etc.

  1. Net business profit before credit costs
    [Consolidated]

(Billions of yen)

FY2023

FY2022

Change

Retail Business

40.1

41.5

(1.3)

Corporate Business (*1)

162.9

140.8

22.1

Investor Services Business (*1)

62.7

57.7

5.0

Re

al Estate Business (*1)

35.6

42.1

(6.4)

Global Markets Business

46.3

54.1

(7.8)

Asset Management Business (*2)

17.9

22.2

(4.2)

Others (*1), (*3)

(27.1)

(33.9)

6.7

Net business profit before credit costs

338.6

324.6

14.0

(*1) Changed the attribution segment for gains/losses on some equity investment and other methods since the beginning of this fiscal year.

(*2) Figures for "Asset Management Business" are combined total of asset management companies (SuMi TRUST AM (consolidated), Nikko AM (consolidated),

(*2) Sky Ocean Asset Management, JP Asset Management.)

(*3) Figures for "Others" include costs of capital funding, dividends of shares for cross-shareholdings, general and administrative expenses of headquarters,

[Non-consolidated]

(Billions of yen)

FY2023

FY2022

Change

Retail Business

21.3

21.3

0.0

Corporate Business (*1)

130.7

111.1

19.5

Investor Services Business (*1)

44.5

43.1

1.4

Re

al Estate Business (*1)

27.3

33.9

(6.6)

Global Markets Business

46.3

54.1

(7.8)

Others (*1), (*2)

5.6

(17.8)

23.5

Net business profit before credit costs

275.9

245.9

30.0

(*1) Changed the attribution segment for gains/losses on some equity investment and other methods since the beginning of this fiscal year.

(*2) Figures for "Others" include costs of capital funding, dividends of shares for cross-shareholdings, general and administrative expenses of headquarters, etc.

3

Sumitomo Mitsui Trust Holdings, Inc.

3. Yields and margins

(1) Domestic banking a/c [Non-consolidated]

(%)

FY2023

2HFY2023

1HFY2023

FY2022

Change from

FY2022

Average yield on interest-earning assets (A)

0.50

0.43

0.58

0.53

(0.03)

Loans and bills discounted (B)

0.65

0.66

0.63

0.63

0.02

Securities

1.95

1.07

2.97

1.91

0.04

Average yield on interest-bearing liabilities (C)

0.12

0.12

0.12

0.13

(0.01)

Deposits (D)

0.05

0.05

0.05

0.05

0.00

Gross margin (A) - (C)

0.38

0.31

0.46

0.40

(0.02)

Loan-deposit margin (B) - (D)

0.60

0.61

0.58

0.58

0.02

  1. Domestic banking a/c and principal guaranteed trust a/c combined
    [Non-consolidated]

(%)

FY2023

2HFY2023

1HFY2023

FY2022

Change from

FY2022

Average yield on interest-earning assets (A)

0.50

0.43

0.58

0.53

(0.03)

Loans and bills discounted (B)

0.65

0.66

0.64

0.63

0.02

Securities

1.95

1.07

2.97

1.91

0.04

Average yield on interest-bearing liabilities (C)

0.08

0.07

0.08

0.08

(0.00)

Deposits and Trust Principal (D)

0.05

0.05

0.04

0.04

0.01

Gross margin (A) - (C)

0.42

0.36

0.50

0.45

(0.03)

Loan-deposit margin (B) - (D)

0.60

0.61

0.60

0.59

0.01

4. Net gains on securities [Consolidated]

(Millions of yen)

FY2023

FY2022

Change

Net gains on bonds

6,966

(25,088)

32,054

Gains on sales of bonds

14,809

4,662

10,147

Gains on redemption of bonds

1

121

(120)

Losses on sales of bonds

(7,842)

(29,864)

22,021

Losses on redemption of bonds

(1)

(6)

5

Losses on devaluation of bonds

-

(0)

0

Net gains on stocks

(188,508)

3,080

(191,588)

Gains on sales of stocks

124,858

88,161

36,696

Losses on sales of stocks

(311,337)

(83,439)

(227,898)

Losses on devaluation of stocks

(2,028)

(1,642)

(386)

[Non-consolidated]

(Millions of yen)

FY2023

FY2022

Change

Net gains on bonds

6,357

(26,005)

32,362

Gains on sales of bonds

13,990

3,495

10,495

Gains on redemption of bonds

0

-

0

Losses on sales of bonds

(7,633)

(29,499)

21,866

Losses on redemption of bonds

-

-

-

Losses on devaluation of bonds

-

(0)

0

Net gains on stocks

(188,625)

5,968

(194,593)

Gains on sales of stocks

125,642

89,952

35,690

Losses on sales of stocks

(311,250)

(83,337)

(227,913)

Losses on devaluation of stocks

(3,017)

(646)

(2,370)

4

Sumitomo Mitsui Trust Holdings, Inc.

5. Unrealized gains/ losses on investment securities

[Consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change from Mar. 2023

Cost

Net

Unrealized

Unrealized

Cost

Net

Cost

Net

Cost

Net

gains

losses

Available-for-sale securities (*1)

8,263,021

681,778

835,293

(153,514)

6,695,071

502,790

5,675,353

372,689

2,587,668

309,088

Japanese stocks (*2)

443,584

769,805

782,022

(12,216)

511,859

670,818

495,423

577,205

(51,838)

192,600

Japanese bonds

3,803,920

(11,417)

1,836

(13,254)

2,622,088

(9,327)

2,178,588

(364)

1,625,331

(11,053)

Government bonds

3,047,996

(9,849)

45

(9,894)

1,854,845

(7,767)

1,433,514

(1,514)

1,614,482

(8,334)

Local government bonds

43,698

(587)

12

(600)

41,532

(809)

38,572

(454)

5,126

(132)

Corporate bonds

712,225

(981)

1,778

(2,759)

725,711

(750)

706,502

1,605

5,722

(2,586)

Others

4,015,516

(76,609)

51,434

(128,043)

3,561,123

(158,699)

3,001,341

(204,151)

1,014,175

127,541

Held-to-maturity securities

263,735

8,184

8,189

(5)

315,545

8,166

299,219

9,997

(35,484)

(1,812)

(*1) Not include stocks with no market price and investment partnership etc.

(*2) Fair value of listed stocks included in "Available-for-sale securities" is determined based on the quoted market price over the consolidated balance sheet date.

[Non-consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change from Mar. 2023

Cost

Net

Unrealized

Unrealized

Cost

Net

Cost

Net

Cost

Net

gains

losses

Available-for-sale securities (*1)

8,089,572

688,271

839,901

(151,630)

6,531,564

514,113

5,522,549

386,238

2,567,022

302,032

Japanese stocks (*2)

420,652

788,940

799,254

(10,314)

487,510

691,795

471,652

598,358

(51,000)

190,581

Japanese bonds

3,803,920

(11,417)

1,836

(13,254)

2,622,088

(9,327)

2,178,588

(364)

1,625,331

(11,053)

Government bonds

3,047,996

(9,849)

45

(9,894)

1,854,845

(7,767)

1,433,514

(1,514)

1,614,482

(8,334)

Local government bonds

43,698

(587)

12

(600)

41,532

(809)

38,572

(454)

5,126

(132)

Corporate bonds

712,225

(981)

1,778

(2,759)

725,711

(750)

706,502

1,605

5,722

(2,586)

Others

3,864,999

(89,251)

38,809

(128,061)

3,421,965

(168,353)

2,872,308

(211,756)

992,690

122,505

Held-to-maturity securities

263,675

8,184

8,189

(5)

315,485

8,165

299,159

9,997

(35,484)

(1,812)

(*1) Not include stocks with no market price and investment partnership etc.

(*2) Fair value of listed stocks included in "Available-for-sale securities" is determined based on the quoted market price over the consolidated balance sheet date.

Breakdown of "Available-for-sale securities (Others)" (*1) [Non-consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change

Cost

Net

Cost

Net

Cost

Net

Cost

Net

Domestic investment (*2)

108,934

1,358

109,988

1,713

107,893

1,803

1,040

(445)

Asset-backed securities

67,000

381

69,368

537

71,614

514

(4,614)

(133)

Others

41,934

977

40,620

1,176

36,279

1,288

5,655

(311)

International investment (*2)

3,156,232

(50,882)

2,500,571

(74,076)

1,766,255

(30,041)

1,389,976

(20,841)

Foreign government bonds

3,156,008

(52,330)

2,500,350

(75,390)

1,765,923

(31,160)

1,390,084

(21,169)

US Treasury

1,762,489

(48,797)

1,067,095

(61,744)

650,520

(17,262)

1,111,969

(31,534)

European government bonds (*3)

29,337

(2,335)

24,647

(3,388)

22,698

(2,361)

6,639

26

US agency MBS

74,566

(4,090)

113,502

(5,757)

71,060

(1,677)

3,505

(2,413)

Corporate bonds, etc. (*4)

1,282,297

3,159

1,261,383

(3,553)

1,014,630

(9,464)

267,666

12,623

Foreign stocks and others

223

1,447

220

1,313

331

1,119

(108)

327

Others (Investment trust, etc.) (*5)

599,833

(39,727)

811,405

(95,991)

998,159

(183,518)

(398,326)

143,791

Total

3,864,999

(89,251)

3,421,965

(168,353)

2,872,308

(211,756)

992,690

122,505

(*1) Not include stocks with no market price and investment partnership etc.

(*2) "Domestic investment" and "International investment" are basically categorized by the countries where final exposure exists.

(*3) UK government bonds (Gilts), German government bonds (Bunds), and French government bonds (OATs)

(*4) Corporate bonds which are based on issuer's credit risk.

(*5) "Investment trust" and investment securities uncategorizable into "Domestic investment" or "International investment".

5

Sumitomo Mitsui Trust Holdings, Inc.

Breakdown of "Held-to-maturity securities" [Non-consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change from Mar. 2023

Cost

Net

Cost

Net

Cost

Net

Cost

Net

Held-to-maturity securities

263,675

8,184

315,485

8,165

299,159

9,997

(35,484)

(1,812)

Japanese Government Bonds

116,836

7,845

117,025

7,994

117,214

10,766

(377)

(2,921)

Japanese Local Government Bonds

-

-

-

-

-

-

-

-

Japanese Corporate Bonds

10,700

74

14,400

103

14,400

126

(3,700)

(52)

Others

136,138

264

184,060

68

167,545

(896)

(31,406)

1,161

Domestic investment (*)

34,081

112

36,942

203

40,005

276

(5,924)

(163)

International investment (*)

102,057

152

147,117

(135)

127,539

(1,172)

(25,481)

1,325

(*) "Domestic investment" and "International investment" are basically categorized by the countries where final exposure exists.

Breakdown of "Stocks with no market price and investment partnership etc." [Non-consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change from Mar. 2023

Cost

Net

Cost

Net

Cost

Net

Cost

Net

Stocks with no market price and

626,792

14,563

593,045

14,211

523,771

6,420

103,020

8,143

investment partnership etc. (*1)

Japanese stocks

70,150

-

68,748

-

66,397

-

3,752

-

Others

556,642

14,563

524,296

14,211

457,373

6,420

99,268

8,143

Domestic investment (*2)

89,713

4,436

83,884

4,377

76,697

4,573

13,015

(137)

International investment (*2)

466,929

10,127

440,412

9,833

380,676

1,847

86,252

8,280

(*1) Include unconsolidated subsidiaries etc.

(*2) "Domestic investment" and "International investment" are basically categorized by the countries where final exposure exists.

6

Sumitomo Mitsui Trust Holdings, Inc.

6. Maturity ladder of securities

<"Held-to-maturity securities" and "Available-for-sale securities" with maturities>

[Consolidated]

(Millions of yen)

Mar. 2024

Mar. 2023

Less than

1 year to

5 years to

Over

Total

Less than

1 year to

5 years to

Over

Total

1 year

5 years

10 years

10 years

1 year

5 years

10 years

10 years

Japanese bonds

616,739

2,940,475

293,391

69,492

3,920,099

408,325

1,575,456

268,468

57,648

2,309,899

Government bonds

522,581

2,459,110

145,137

28,214

3,155,044

350,880

1,087,643

96,612

14,138

1,549,273

Local government bonds

2,869

18,273

21,967

-

43,110

1,674

17,283

19,159

-

38,117

Corporate bonds

91,288

463,090

126,286

41,278

721,944

55,770

470,530

152,696

43,510

722,507

Others

515,654

1,351,553

1,066,806

873,270

3,807,284

631,482

722,200

652,635

724,621

2,730,940

Note: Including NCD in "Cash and Due from Banks" and "Monetary Claims Bought", as well as securities.

[Non-consolidated]

(Millions of yen)

Mar. 2024

Mar. 2023

Less than

1 year to

5 years to

Over

Total

Less than

1 year to

5 years to

Over

Total

1 year

5 years

10 years

10 years

1 year

5 years

10 years

10 years

Japanese bonds

616,679

2,940,475

293,391

69,492

3,920,039

408,325

1,575,396

268,468

57,648

2,309,839

Government bonds

522,521

2,459,110

145,137

28,214

3,154,984

350,880

1,087,583

96,612

14,138

1,549,213

Local government bonds

2,869

18,273

21,967

-

43,110

1,674

17,283

19,159

-

38,117

Corporate bonds

91,288

463,090

126,286

41,278

721,944

55,770

470,530

152,696

43,510

722,507

Others

502,665

1,283,792

1,063,528

858,971

3,708,957

625,635

676,475

645,969

709,141

2,657,221

Note: Including NCD in "Cash and Due from Banks" and "Monetary Claims Bought", as well as securities.

7. Shareholdings

  1. Balance of listed stocks
    [Consolidated]

(Billions of yen)

Mar. 2024

Mar. 2023

Cost basis

443.5

495.4

Fair value basis

1,213.3

1,072.6

  1. Reduction of cross shareholdings
    [Consolidated]

(Billions of yen)

FY2023

FY2022

Full

1H

Full

1H

Cost basis

79.3

19.6

52.4

9.9

Note: Reduction in FY2022 exclude sold and repurchased shares in FY2020 is 46.7 billion yen.

8. Deferred unrealized gains/ losses of derivative transactions qualified for hedge accounting

[Consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change from

Mar. 2023

Interest rate related

(6,648)

(8,663)

(67,827)

61,179

Interest rate swaps

(6,648)

(8,663)

(67,827)

61,179

Currency related

(6,451)

1,558

368

(6,819)

Total

(13,100)

(7,104)

(67,459)

54,359

Note: Before considering tax effect accounting.

[Non-consolidated]

(Millions of yen)

Mar. 2024

Sep. 2023

Mar. 2023

Change from

Mar. 2023

Interest rate related

(6,844)

(8,979)

(67,953)

61,108

Interest rate swaps

(6,844)

(8,979)

(67,953)

61,108

Currency related

(26,953)

(19,715)

(12,541)

(14,412)

Total

(33,798)

(28,695)

(80,494)

46,696

Note: Before considering tax effect accounting.

7

Sumitomo Mitsui Trust Holdings, Inc.

9. BIS capital adequacy ratio

  1. BIS capital adequacy ratio (International standard)
    [Consolidated]

(Billions of yen)

Mar. 2024

Mar. 2023

Change

(Preliminary)

Common Equity Tier 1 capital ratio

(8) / (19)

1

11.35%

10.79%

0.6%

Tier 1 capital ratio

(11) / (19)

2

12.55%

12.01%

0.5%

Total capital ratio

(14) / (19)

3

13.64%

13.24%

0.4%

Directly issued qualifying capital plus retained earnings

4

2,526.7

2,547.7

(21.0)

Accumulated Other Comprehensive Income ("OCI")

5

539.9

204.2

335.6

Instruments and reserves

6

3,067.5

2,752.9

314.5

Regulatory adjustments

7

(373.1)

(243.2)

(129.9)

Common Equity Tier 1 capital (CET1)

8

2,694.3

2,509.7

184.6

Directly issued qualifying Additional Tier 1 instruments

9

270.0

270.0

-

Additional Tier 1 capital (AT1)

10

284.4

283.7

0.7

Tier 1 capital (T1 = CET1 + AT1)

11

2,978.8

2,793.5

185.3

Directly issued qualifying Tier 2 instruments

12

253.3

270.6

(17.2)

Tier 2 capital (T2)

13

260.0

287.7

(27.7)

Total capital (T1 + T2)

14

3,238.9

3,081.2

157.6

Amount of credit risk-weighted assets

15

21,372.3

20,411.9

960.3

Amount of market risk equivalents

16

1,006.2

1,838.2

(831.9)

Amount of operational risk equivalents

17

1,352.4

1,006.7

345.7

Floor adjustment

18

-

-

-

Total risk weighted assets

19

23,731.0

23,256.8

474.1

Minimum

requirement (*)

(Mar. 2024)

7.55%

9.05%

11.05%

  1. Capital conservation buffer, countercyclical capital buffer and surcharge for domestic systemically important banks are taken into account and added to minimum regulatory requirements for each capital ratio.

8

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Sumitomo Mitsui Trust Holdings Inc. published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 08:25:07 UTC.