Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Sumitomo Mitsui Trust Holdings Inc    8309   JP3892100003

SUMITOMO MITSUI TRUST HOLDINGS INC (8309)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Chuo Mitsui Trust : Establishment of a Third Party Committee

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/09/2012 | 09:23am CEST

To whom it may concern,
April 9, 2012
Sumitomo Mitsui Trust Holdings, Inc. (Securities Code: 8309 TSE, OSE and NSE)

Establishment of a Third Party Committee

On March 21 of this year, the Securities and Exchange Surveillance Commission ("SESC") announced that they made a recommendation to the Prime Minister and the Commissioner of the Financial Services Agency to issue an order for payment of an administrative monetary penalty against former Chuo Mitsui Asset Trust and Banking Company, Limited ("CMAB", at that time.), which is a subsidiary of Sumitomo Mitsui Trust Holdings, Inc. The SESC recognized that former CMAB, acting as an investment manager of a fund, violated the Financial Instruments and Exchange Act (insider trading) with respect to the sale and purchase of shares in July 2010.
Sumitomo Mitsui Trust Holdings, Inc. has already established an internal special investigation committee comprised of members, not only from within the company, but also outside experts ("Special Investigation Committee"), and has arranged for an additional investigation to fully understand this matter and evaluate preventative measures. Additionally, Sumitomo Mitsui Trust Holdings, Inc. hereby announces that it has also established a Third Party Committee, which is independent and consists of outside experts in order to further evaluate and verify the adequacy of the scope, method, process and other aspects of the investigation conducted by the Special Investigation Committee. The following are specific details regarding the purpose of the Third Party Committee.
1. Purpose of the Third Party Committee
(1) To evaluate and verify the adequacy of the scope, method, process and other aspects of the investigation conducted by the Special Investigation Committee.
(2) To e valuate and verify the adequacy of the sufficiency of the measures implemented to prevent the recurrence of a similar act as evaluated by the Special Investigation
Committee.
(3) To propose additional measures to prevent a similar incident from recurring, as necessary.
2. Constitution of the Third Party Committee
Chairman Kunio Hamada, Attorney at law (former Justice of the Supreme Court) Commissioner Tetsuo Ito, Attorney at law (former Deputy Prosecutor-General of the
Supreme Public Prosecutors Office)
Commissioner Masao Kishida (Professor of Waseda University Graduate School of
Finance, Accounting and Law)
3. Schedule (tentative)
(1) April 9 (today) To establish the Third Party Committee
(2) From early to mid-May To compile the report (which will be released publicly)
End
For further information, please contact
IR Department, Sumitomo Mitsui Trust Holdings, Inc. Telephone: +81-3-3286-8354 Fax: +81-3-3286-4654

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUMITOMO MITSUI TRUST HOLD
05/11SUMITOMO MITSUI TRUST : Notice regarding Repurchase of Own Shares
PU
05/11SUMITOMO MITSUI TRUST : Notice regarding Redemption of Non-dilutive Preferred Se..
PU
05/11SUMITOMO MITSUI TRUST : Notice regarding Policy Decisions on Several Major Items..
PU
05/11SUMITOMO MITSUI TRUST HOLDINGS INC : Annual results
CO
05/11SUMITOMO MITSUI TRUST HOLDINGS INC : Slide show results
CO
03/28SUMITOMO MITSUI TRUST HOLDINGS INC : Ex-dividend day for final dividend
FA
02/13SUMITOMO MITSUI TRUST : Capital Adequacy Ratio as of December 31, 2017
PU
2017SUMITOMO MITSUI FINANCIAL : SMFG to maintain lending stance after Basel III
AQ
2017SUMITOMO MITSUI TRUST : Notice regarding the Split and Integration of the Asset ..
PU
2017PROSPECT CAPITAL : Penn Mutual Life Insurance Co Buys Shares of 594,000 Prospect..
AQ
More news
News from SeekingAlpha
05/23Sumitomo Mitsui Trust Holdings, Inc. ADR 2017 Q4 - Results - Earnings Call Sl.. 
05/14Sumitomo Mitsui Trust Holdings, Inc. ADR 2017 Q4 - Results - Earnings Call Sl.. 
03/06Sumitomo Mitsui (SUTNY) Presents At Daiwa Investment Conference Tokyo 2018 - .. 
02/01Sumitomo Mitsui Trust Holdings, Inc. ADR 2017 Q3 - Results - Earnings Call Sl.. 
2017WESTERN DIGITAL - TOSHIBA UPDATE : Why This Time Is Different 
Financials ( JPY)
Sales 2019 1 454 B
EBIT 2019 253 B
Net income 2019 163 B
Debt 2019 -
Yield 2019 2,91%
P/E ratio 2019 10,84
P/E ratio 2020 10,25
Capi. / Sales 2019 1,25x
Capi. / Sales 2020 1,20x
Capitalization 1 819 B
Chart SUMITOMO MITSUI TRUST HOLD
Duration : Period :
Sumitomo Mitsui Trust Hold Technical Analysis Chart | 8309 | JP3892100003 | 4-Traders
Technical analysis trends SUMITOMO MITSUI TRUST HOLD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 4 875  JPY
Spread / Average Target 4,6%
EPS Revisions
Managers
NameTitle
Tetsuo Ohkubo President & Representative Director
Masahiro Tsuchiya Head-Operations & Corporate Planning
Tadashi Nishimura Managing Executive Officer & Head-Finance
Hitoshi Tsunekage Director
Kunitaro Kitamura Director
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO MITSUI TRUST HOLDINGS INC2.08%16 624
JP MORGAN CHASE & COMPANY3.48%376 773
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-6.77%316 917
BANK OF AMERICA2.34%305 803
CHINA CONSTRUCTION BANK CORPORATION-5.08%273 019
WELLS FARGO-9.51%267 521