Sumitomo Mitsui Trust Holdings ( (CMTDF) ) has released its Q3 earnings. Here is a breakdown of the information Sumitomo Mitsui Trust Holdings presented to its investors.
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Sumitomo Mitsui Trust Holdings, Inc. is a prominent Japanese financial institution specializing in trust banking, real estate, and asset management, with stock listings on the Tokyo and Nagoya stock exchanges. The company’s latest financial results for the nine months ending December 31, 2024, display a significant turnaround in profitability compared to the same period last year. The Group’s ordinary income rose to ¥2,077,963 million, marking a 16.9% increase, while ordinary profit surged by 460.3% to ¥312,581 million. Net income attributable to the owners of the parent saw an impressive 358.6% increase, reaching ¥225,990 million. These results were buoyed by a 2-for-1 stock split executed on January 1, 2024, which impacted net income per share calculations. The financial position remained robust with total assets growing to ¥78,320,305 million and net assets slightly increasing to ¥3,145,143 million, maintaining a net assets to total assets ratio of 4.0%. Looking ahead, Sumitomo Mitsui Trust Holdings forecasts continued profitability with an expected net income of ¥250,000 million for the fiscal year ending March 31, 2025, reflecting a positive outlook based on current financial trends and strategic initiatives.
