To whom it may concern

November 20, 2017

Sumitomo Mitsui Trust Holdings, Inc. (Securities Code: 8309 TSE, NSE)

Correction in Explanatory Material 1st Half of Fiscal Year 2017 ended on Sep. 30, 2017

Sumitomo Mitsui Trust Holdings, Inc. hereby announces that it has made corrections to parts of the Explanatory Material 1st Half of Fiscal Year 2017 ended on Sep. 30, 2017 disclosed on November 14, 2017 (Corrections are underlined in the tables below).

  1. Explanatory Material 1st Half of Fiscal Year 2017 ended on Sep. 30, 2017 Summary of 1HFY2017 financial results (Page "Summary 5")

    (After correction)

    (1)"Common Equity Tier 1 capital ratio" , "Tier 1 capital ratio" and "Total capital ratio" at the end of September 2017 stood at 11.29%, 13.73% and 16.76%, respectively, all of which exceeded regulatory minimum requirements.(2)"Common Equity Tier 1 capital ratio" , Pro forma on fully-loaded basis, increased by 0.28 percentage points from the end of March 2017 to 11.47% due primarily to increase in "Common Equity Tier 1 capital" increased by the accumulation of retained earnings.

    (Before correction)

    (1)"Common Equity Tier 1 capital ratio" , "Tier 1 capital ratio" and "Total capital ratio" at the end of September 2017 stood at 11.24%, 13.67% and 16.68%, respectively, all of which exceeded regulatory minimum requirements.(2)"Common Equity Tier 1 capital ratio" , Pro forma on fully-loaded basis, increased by 0.23 percentage points from the end of March 2017 to 11.42% due primarily to increase in "Common Equity Tier 1 capital" increased by the accumulation of retained earnings.

    (Continued)

    (After correction)

    [Consolidated] (Billions of Yen)

    Sep. 2017

    (Preliminary)

    Mar. 2017

    requirement (*)

    Common Equity Tier 1 capital ratio

    1

    11.29%

    11.04%

    0.25%

    6.00%

    Tier 1 capital ratio

    2

    13.73%

    13.54%

    0.19%

    7.50%

    Total capital ratio

    3

    16.76%

    16.42%

    0.34%

    9.50%

    Common Equity Tier 1 capital

    4

    2,210.9

    2,141.8

    69.0

    Tier 1 capital

    5

    2,688.8

    2,625.7

    63.1

    Total capital

    6

    3,280.5

    3,185.8

    94.6

    Total risk-weighted assets

    7

    19,570.8

    19,391.9

    178.9

    Mar. 2017

    Change from

    Minimum

    (*) 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.

    Fully-loaded basis (*)

    Common Equity Tier 1 capital ratio

    8

    11.47%

    11.19%

    0.28%

    Common Equity Tier 1 capital

    9

    2,242.3

    2,166.5

    75.8

    Total risk-weighted assets

    10

    19,537.6

    19,352.6

    185.0

    (*) Fully-loaded basis: Pro forma without considering transitional arrangements concerning "Regulatory adjustments", etc.

    (Before correction)

    Minimum requirement (*)

    [Consolidated] (Billions of Yen)

    Sep. 2017 (Preliminary)

    Mar. 2017

    Change from

    Mar. 2017

    Common Equity Tier 1 capital ratio

    1

    11.24%

    11.04%

    0.20%

    6.00%

    Tier 1 capital ratio

    2

    13.67%

    13.54%

    0.13%

    7.50%

    Total capital ratio

    3

    16.68%

    16.42%

    0.26%

    9.50%

    Common Equity Tier 1 capital

    4

    2,210.9

    2,141.8

    69.0

    Tier 1 capital

    5

    2,688.8

    2,625.7

    63.1

    Total capital

    6

    3,280.4

    3,185.8

    94.6

    Total risk-weighted assets

    7

    19,665.4

    19,391.9

    273.4

    (*) 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.

    Fully-loaded basis (*)

    Common Equity Tier 1 capital ratio

    8

    11.42%

    11.19%

    0.23%

    Common Equity Tier 1 capital

    9

    2,242.3

    2,166.5

    75.7

    Total risk-weighted assets

    10

    19,632.1

    19,352.6

    279.5

    (*) Fully-loaded basis: Pro forma w ithout considering transitional arrangements concerning "Regulatory adjustments", etc.

  2. Explanatory Material 1st Half of Fiscal Year 2017 ended on Sep. 30, 2017 Financial figures (Page "9")

10. BIS capital adequacy ratio (Basel III, international standard)

(After correction)

[Consolidated]

(Billions of yen)

Sep. 2017 Mar. 2017 Change

(Preliminary)

Minimum requirement (*1) (Sep. 2017)

Common Equity Tier 1 capital ratio (8) / (21) 1 11.29% 11.04% 0.25% 6.00%

Tier 1 capital ratio (12) / (21) 2 13.73% 13.54% 0.19% 7.50%

Total capital ratio (16) / (21) 3 16.76% 16.42% 0.34% 9.50%

Directly issued qualifying capital plus retained earnings

4

2,049.5

2,006.7

42.8

Accumulated Other Comprehensive Income ("OCI")

5

363.5

344.7

18.7

Instruments and reserves

6

2,422.5

2,360.8

61.6

Regulatory adjustments

7

(211.5)

(218.9)

7.4

Common Equity Tier 1 capital (CET1)

8

2,210.9

2,141.8

69.0

Directly issued qualifying Additional Tier 1 instruments

9

290.0

220.0

70.0

Eligible Tier 1 capital instruments subject to phase-out arrangements

10

193.0

272.5

(79.5)

Additional Tier 1 capital (AT1)

11

477.9

483.8

(5.9)

Tier 1 capital (T1 = CET1 + AT1)

12

2,688.8

2,625.7

63.1

Directly issued qualifying Tier 2 instruments

13

180.0

140.0

40.0

Eligible Tier 2 capital instruments subject to phase-out arrangements

14

344.1

361.4

(17.3)

Tier 2 capital (T2)

15

591.6

560.1

31.4

Total capital (T1 + T2)

16

3,280.5

3,185.8

94.6

Amount included in credit risk-weighted assets subject to phase-out arrangements

17

33.2

39.2

(6.0)

Amount of credit risk-weighted assets

18

17,840.2

17,855.8

(15.5)

Amount of market risk equivalents

19

741.2

551.4

189.7

Amount of operational risk equivalents

20

989.4

984.6

4.7

Total risk weighted assets

21

19,570.8

19,391.9

178.9

(*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.

Fully-loaded basis (*2)

[Consolidated]

(Billions of yen)

Sep. 2017 Mar. 2017 Change

Common Equity Tier 1 capital ratio (31) / (35) 22 11.47% 11.19% 0.28%

Directly issued qualifying capital plus retained earnings

23

2,049.5

2,006.7

42.8

Accumulated Other Comprehensive Income ("OCI")

24

454.3

430.9

23.4

Instruments and reserves

25

2,506.8

2,440.2

66.5

Intangibles

26

(181.0)

(190.0)

9.0

Shortfall of eligible provisions to expected losses

27

(15.1)

(10.9)

(4.2)

Assets for retirement benefits

28

(86.4)

(82.5)

(3.8)

Minority investments in other financial institutions (*3)

29

-

(6.2)

6.2

Regulatory adjustments

30

(264.4)

(273.7)

9.2

Common Equity Tier 1 capital (CET1)

31

2,242.3

2,166.5

75.8

Amount of credit risk-weighted assets

32

17,807.0

17,816.5

(9.4)

Amount of market risk equivalents

33

741.2

551.4

189.7

Amount of operational risk equivalents

34

989.4

984.6

4.7

Total risk weighted assets

35

19,537.6

19,352.6

185.0

(*2) Pro forma without considering transitional arrangements concerning "Regulatory adjustments", etc.

(*3) Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued share capital.

(Continued)

(Before correction)

[Consolidated]

(Billions of yen)

Sep. 2017 Mar. 2017 Change

(Preliminary)

Minimum requirement (*1) (Sep. 2017)

Common Equity Tier 1 capital ratio (8) / (21) 1 11.24% 11.04% 0.20% 6.00%

Tier 1 capital ratio (12) / (21) 2 13.67% 13.54% 0.13% 7.50%

Total capital ratio (16) / (21) 3 16.68% 16.42% 0.26% 9.50%

Directly issued qualifying capital plus retained earnings

4

2,049.5

2,006.7

42.8

Accumulated Other Comprehensive Income ("OCI")

5

363.5

344.7

18.7

Instruments and reserves

6

2,422.5

2,360.8

61.6

Regulatory adjustments

7

(211.5)

(218.9)

7.4

Common Equity Tier 1 capital (CET1)

8

2,210.9

2,141.8

69.0

Directly issued qualifying Additional Tier 1 instruments

9

290.0

220.0

70.0

Eligible Tier 1 capital instruments subject to phase-out arrangements

10

193.0

272.5

(79.5)

Additional Tier 1 capital (AT1)

11

477.9

483.8

(5.9)

Tier 1 capital (T1 = CET1 + AT1)

12

2,688.8

2,625.7

63.1

Directly issued qualifying Tier 2 instruments

13

180.0

140.0

40.0

Eligible Tier 2 capital instruments subject to phase-out arrangements

14

344.1

361.4

(17.3)

Tier 2 capital (T2)

15

591.6

560.1

31.4

Total capital (T1 + T2)

16

3,280.4

3,185.8

94.6

Amount included in credit risk-weighted assets subject to phase-out arrangements

17

33.2

39.2

(6.0)

Amount of credit risk-weighted assets

18

17,934.7

17,855.8

78.9

Amount of market risk equivalents

19

741.2

551.4

189.7

Amount of operational risk equivalents

20

989.4

984.6

4.7

Total risk weighted assets

21

19,665.4

19,391.9

273.4

(*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.

Fully-loaded basis (*2)

[Consolidated]

(Billions of yen)

Sep. 2017 Mar. 2017 Change

Common Equity Tier 1 capital ratio (31) / (35) 22 11.42% 11.19% 0.23%

Directly issued qualifying capital plus retained earnings

23

2,049.5

2,006.7

42.8

Accumulated Other Comprehensive Income ("OCI")

24

454.3

430.9

23.4

Instruments and reserves

25

2,506.8

2,440.2

66.5

Intangibles

26

(181.0)

(190.0)

9.0

Shortfall of eligible provisions to expected losses

27

(15.1)

(10.9)

(4.2)

Assets for retirement benefits

28

(86.4)

(82.5)

(3.8)

Minority investments in other financial institutions (*3)

29

-

(6.2)

6.2

Regulatory adjustments

30

(264.4)

(273.7)

9.2

Common Equity Tier 1 capital (CET1)

31

2,242.3

2,166.5

75.7

Amount of credit risk-weighted assets

32

17,901.5

17,816.5

85.0

Amount of market risk equivalents

33

741.2

551.4

189.7

Amount of operational risk equivalents

34

989.4

984.6

4.7

Total risk weighted assets

35

19,632.1

19,352.6

279.5

(*2) Pro forma without considering transitional arrangements concerning "Regulatory adjustments", etc.

(*3) Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued share capital.

Sumitomo Mitsui Trust Holdings Inc. published this content on 20 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 November 2017 06:15:05 UTC.

Original documenthttp://www.smth.jp/en/news/2017/E171120.pdf

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