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, 2017Sumitomo 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).
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.
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.
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