Sumitomo Mitsui Trust Holdings, Inc. (SuMi TRUST Holdings)

Financial Results for the Three Months Ended June 30, 2017 [Japanese GAAP] (Consolidated)

Stock exchange listings: Tokyo and Nagoya (Code: 8309)

URL: http://www.smth.jp/en/index.html

Representative: Tetsuo Ohkubo, President

July 27, 2017

Contact: Shinichi Nonomura, General Manager of Financial Planning Department TEL +81-3-3286-8354

Filing date of quarterly securities report (Shihanki Hokokusyo) (Scheduled): August 9, 2017 Specific trading accounts: Established

Dividend payment date: ―

Explanatory material: Prepared

Briefing on financial results: Not scheduled

(Amounts less than one million yen are rounded down.)

  1. Consolidated Financial Results (for the Three Months Ended June 30, 2017)
  2. Operating Results (%: Changes from the same period in the previous fiscal year)

    Ordinary Income

    Ordinary Profit

    Net Income Attributable to Owners of the Parent

    Three Months Ended

    Millions of Yen %

    Millions of Yen %

    Millions of Yen %

    June 30, 2017

    315,035 9.1

    61,418 25.8

    40,123 24.4

    June 30, 2016

    288,650 6.2

    48,825 (27.0)

    32,259 (23.6)

    (Note) Comprehensive Income:

    Three months ended June 30, 2017 ¥46,998 million, ()%

    Three months ended June 30, 2016

    ¥(3,625) million, ()%

    Net Income

    per Share of Common Stock

    Net Income

    per Share of Common Stock (Fully Diluted)

    Three Months Ended

    Yen

    Yen

    June 30, 2017

    104.89

    104.85

    June 30, 2016

    84.09

    84.07

    (Note) SuMi TRUST Holdings consolidated its shares with a ratio of ten shares of common stock into one share effected on October 1, 2016. Net income per share of common stock and net income per share of common stock (fully diluted) are calculated as if the consolidation of shares had occurred at the beginning of the fiscal year ended March 31, 2017.

  3. Financial Position

  4. Total Assets

    Net Assets

    Net Assets to Total Assets Ratio

    As of

    Millions of Yen

    Millions of Yen

    %

    June 30, 2017

    63,379,539

    2,813,456

    3.9

    March 31, 2017

    65,453,725

    2,791,682

    3.8

    (Reference) Shareholders' Equity:

    As of June 30, 2017

    ¥2,481,124 million

    As of March 31, 2017 ¥2,462,616 million

    (Note 1) Net Assets to Total Assets Ratio = (Net Assets - Subscription Rights to Shares - Non-Controlling Interests) / Total Assets

    (Note 2) The above Net Assets to Total Assets Ratio is different from the capital adequacy ratio prescribed in the notification of the Financial Services Agency with respect to the capital adequacy ratio.

  5. Cash Dividends per Share of Common Stock

    Annual Cash Dividends per Share of Common Stock

    1st Quarter- End

    2nd Quarter- End

    3rd Quarter- End

    Fiscal Year- End

    Total

    Fiscal Year

    Ended March 31, 2017

    Ending March 31, 2018

    Yen

    Yen

    6.50

    Yen

    Yen

    65.00

    Yen

    Ending March 31, 2018 (Forecast)

    65.00

    65.00

    130.00

    (Note 1) Revision of latest announced estimates for cash dividends per share of common stock: None

    (Note 2) SuMi TRUST Holdings consolidated its shares with a ratio of ten shares of common stock into one share effected on October 1, 2016. Annual cash dividends per share of common stock for the fiscal year ended March 31, 2017, reflect the effect of the share consolidation, and total annual cash dividends per share of common stock are presented as "-."

  6. Consolidated Earnings Forecast (for the Fiscal Year Ending March 31, 2018)

    (%: Changes from the same period in the previous fiscal year)

    Ordinary Profit

    Net Income Attributable to Owners of the Parent

    Net Income per Share of Common Stock

    Six Months Ending

    September 30, 2017

    Fiscal Year Ending

    March 31, 2018

    Millions of Yen %

    Millions of Yen %

    Yen

    110,000 (20.0)

    70,000 (20.4)

    182.99

    235,000 19.7

    150,000 23.5

    392.12

    (Note) Revision of latest announced forecast of consolidated earnings: None

    * Notes

  7. Changes in Significant Subsidiaries during the Three Months Ended June 30, 2017: None

    (Changes in "specified subsidiaries" resulted in changes in the scope of consolidation)

  8. Specific Accounting Treatments for the Preparation of the Quarterly Consolidated Financial Statements: Yes

    (For further details, please refer to "1. (3) Notes to the Consolidated Financial Statements" on page 6 of Accompanying Materials.)

  9. Changes in Accounting Policies, Changes in Accounting Estimates, and Restatements

  10. Changes in accounting policies due to the revision of accounting standards: None

  11. Changes in accounting policies other than 1) above: None

  12. Changes in accounting estimates: None

  13. Restatements: None

  14. As of June 30, 2017

    390,348,640 shares

    As of March 31, 2017

    390,348,640 shares

    As of June 30, 2017

    7,809,754 shares

    As of March 31, 2017

    7,810,724 shares

    For the three months ended

    June 30, 2017

    382,539,134 shares

    For the three months ended

    June 30, 2016

    383,647,168 shares

  15. Number of Shares Issued (Common Stock)

    1. Number of shares issued (including treasury stock):

    2. Number of treasury stock:

    3. Average number of outstanding issued shares:

    4. (Note) SuMi TRUST Holdings consolidated its shares with a ratio of ten shares of common stock into one share effected on October 1, 2016. The average number of outstanding issued shares is calculated as if the consolidation of shares had occurred at the beginning of the fiscal year ended March 31, 2017.

      These consolidated financial results for the three months ended June 30, 2017 (the quarterly consolidated financial results), are out of the scope of the quarterly review procedures required by the Financial Instruments and Exchange Act.

      Explanation Concerning the Appropriate Use of the Forecasts for Results of Operations and Other Special Matters

      The forecasts for results of operations presented in the quarterly consolidated financial results for the three-month period ended June 30, 2017, are based on information currently available to, and certain reasonable assumptions made by SuMi TRUST Holdings. Moreover, SuMi TRUST Holdings does not guarantee the achievement of these forecasts, and actual results may differ significantly from the forecasts due to various factors. Please refer to the most recent relevant materials including securities report, annual report and other presentations disclosed by SuMi TRUST Holdings and its group companies, for further information that could significantly influence SuMi TRUST Holdings' financial position and operating results as well as investment decisions by investors.

      [Accompanying Materials]

      Table of Contents

      1. Consolidated Financial Statements and Notes to the Consolidated Financial Statements 2
      1. Consolidated Balance Sheets 2

      2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income 4

        Consolidated Statements of Income 4

        Consolidated Statements of Comprehensive Income 5

      3. Notes to the Consolidated Financial Statements 6

      (Notes on Going Concern Assumptions) 6

      (Notes on Significant Changes in Total Shareholders' Equity) 6

      (Specific Accounting Treatments for the Preparation of the Quarterly Consolidated Financial Statements) 6

      1. Consolidated Financial Statements and Notes to the Consolidated Financial Statements

      (1) Consolidated Balance Sheets

      Assets

      (Millions of Yen)

      As of As of

      March 31, 2017 June 30, 2017

      Cash and Due from Banks 26,944,478 24,367,085

      Call Loans and Bills Bought 124,706 162,189

      Receivables under Resale Agreements 83,888 83,746

      Receivables under Securities Borrowing Transactions 480,453 617,629

      Monetary Claims Bought 906,572 750,739

      Trading Assets 496,563 523,527

      Money Held in Trust 1,650 1,646

      Securities 5,127,717 5,082,979

      Loans and Bills Discounted 28,040,446 28,393,641

      Foreign Exchanges 16,189 31,730

      Lease Receivables and Investment Assets 667,808 672,710

      Other Assets 1,638,186 1,742,297

      Tangible Fixed Assets 225,814 224,990

      Intangible Fixed Assets 214,790 217,027

      Assets for Retirement Benefits 119,018 121,875

      Deferred Tax Assets 23,243 22,910

      Customers' Liabilities for Acceptances and Guarantees 458,010 470,960

      Allowance for Loan Losses (115,814) (108,148)

      Total Assets 65,453,725 63,379,539

      Liabilities

      Deposits 36,000,814 33,843,178

      Negotiable Certificates of Deposit 7,326,617 7,075,701 Call Money and Bills Sold 54,089 1,472,630

      Payables under Repurchase Agreements 1,063,737 1,070,346 Payables under Securities Lending Transactions 13,699 18,647

      Trading Liabilities 366,879 378,098

      Borrowed Money 3,463,105 4,285,499

      Foreign Exchanges 236 1,227

      Short-Term Bonds Payable 904,248 804,123

      Bonds Payable 1,385,098 1,374,549

      Borrowed Money from Trust Account 10,274,143 8,351,265

      Other Liabilities 1,151,325 1,225,813

      Provision for Bonuses 16,331 4,711

      Provision for Directors' Bonuses 259 30

      Liabilities for Retirement Benefits 14,048 14,476

      Provision for Reward Points Program 17,519 17,407

      Provision for Reimbursement of Deposits 3,583 3,583

      Provision for Contingent Losses 7,774 8,466

      Deferred Tax Liabilities 137,501 142,348

      Deferred Tax Liabilities for Land Revaluation 3,016 3,016

      Acceptances and Guarantees 458,010 470,960

      Total Liabilities 62,662,042 60,566,083

    Sumitomo Mitsui Trust Holdings Inc. published this content on 27 July 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 27 July 2017 07:34:05 UTC.

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