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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector 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 CET

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
2017 SUMITOMO MITSUI FINANCIAL : SMFG to maintain lending stance after Basel III
2017 SUMITOMO MITSUI TRUST : Notice regarding the Split and Integration of the Asset ..
2017 PROSPECT CAPITAL : Penn Mutual Life Insurance Co Buys Shares of 594,000 Prospect..
2017 Sumitomo Mitsui Trust Holdings Inc. Has $27.09 Million Holdings in Delta Air ..
2017 SUMITOMO MITSUI TRUST : Notice regarding Establishment of a New Subsidiary to Ev..
2017 SUMITOMO MITSUI TRUST : Correction in Explanatory Material 1st Half of Fiscal Ye..
2017 SUMITOMO MITSUI TRUST : Explanatory Material for 1HFY2017
2017 SUMITOMO MITSUI TRUST : Financial results for 1HFY2017
2017 SUMITOMO MITSUI TRUST : Notice regarding Capital Contribution to U.S. Investment..
2017 SUMITOMO MITSUI TRUST : Notice regarding Change of Officers' Responsibilities in..
More news
News from SeekingAlpha
2017 WESTERN DIGITAL - TOSHIBA UPDATE : Why This Time Is Different
2017 NOMURA : Interesting Times And Interesting Price
2017 SUMITOMO MITSUI TRUST : Are Japanese Megabanks Back?
2016 Sumitomo Mitsui Trust Holdings, Inc. ADR 2016 Q2 - Results - Earnings Call Sl..
2016 Is Kuroda's Operation Twist Really A Windfall For Banks?
Financials ( JPY)
Sales 2018 1 315 B
EBIT 2018 237 B
Net income 2018 155 B
Debt 2018 -
Yield 2018 2,78%
P/E ratio 2018 11,61
P/E ratio 2019 11,06
Capi. / Sales 2018 1,40x
Capi. / Sales 2019 1,37x
Capitalization 1 841 B
Chart SUMITOMO MITSUI TRUST HOLD
Duration : Period :
Sumitomo Mitsui Trust Hold Technical Analysis Chart | 8309 | JP3892100003 | 4-Traders
Technical analysis trends SUMITOMO MITSUI TRUST HOLD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 4 628  JPY
Spread / Average Target -1,9%
EPS Revisions
Managers
NameTitle
Tetsuo Ohkubo President & Representative Director
Masahiro Tsuchiya Head-Operations & Corporate Planning
Tadashi Nishimura Managing Executive Officer & Head-Finance
Hitoshi Tsunekage Director
Kunitaro Kitamura Director
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO MITSUI TRUST HOLDINGS INC3.31%16 635
JP MORGAN CHASE & COMPANY4.98%389 546
INDUSTRIAL AND COMMERCIAL BANK OF CHINA8.39%352 388
BANK OF AMERICA5.83%325 852
WELLS FARGO3.02%307 992
CHINA CONSTRUCTION BANK CORPORATION9.24%277 565