Sumitomo Mitsui Trust Holdings, Inc. Provides Earnings Guidance for the Fiscal 2021
Sumitomo Mitsui Trust Holdings, Inc. provided earnings guidance for the fiscal 2021. Net business profit is expected to be at the level assumed in the medium-term management plan. Gains on sales of strategic shareholdings will be used to offset the realization of unrealized losses on hedging transactions. As a result, net business income is expected to remain at JPY 155 billion, a recovery of about JPY 13 billion from the previous year.