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Sumitomo Mitsui Holdings
(8309)
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Rating:65Neutral
Price Target:
¥1,797.00
▼(-73.62% Downside)
Action:Reiterated
Date:07/31/26
The score is driven primarily by moderate financial quality—stronger revenue/earnings trends but tempered by high/variable leverage and volatile cash-flow readings. Technicals add support with the stock trading above major moving averages, while valuation is a key positive due to the very high dividend yield and a reasonable P/E.
Positive Factors
Diversified business model
SMFG's broad banking and financial-services footprint (retail, SME, corporate, securities, leasing, asset management and overseas operations) creates multiple durable revenue streams and cross‑sell opportunities. Scale and product breadth reduce single‑market exposure and support steady fee and lending income over time.
Negative Factors
High, inconsistent leverage
Material swings in leverage and elevated debt‑to‑equity in 2025 signal balance‑sheet management risk. Inconsistent leverage increases sensitivity to funding costs and regulatory capital constraints, limiting flexibility for lending growth or capital returns and raising the risk of tightened policy under stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
SMFG's broad banking and financial-services footprint (retail, SME, corporate, securities, leasing, asset management and overseas operations) creates multiple durable revenue streams and cross‑sell opportunities. Scale and product breadth reduce single‑market exposure and support steady fee and lending income over time.
Read all positive factors
Sumitomo Mitsui Holdings (8309) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.62T
Dividend Yield11.19%
Average Volume (3M)1.91M
Price to Earnings (P/E)12.5
Beta (1Y)1.08
Revenue Growth5.33%
EPS Growth33.82%
CountryJP
Employees22,526
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)112.94
Shares Outstanding2,795,252,000
10 Day Avg. Volume2,518,670
30 Day Avg. Volume1,909,833
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)0.97
Price to Sales (P/S)1.17
P/FCF Ratio4.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,000.00Price Target Upside-11.92% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)140.87
Revenue Forecast (FY)¥963.58B
Sumitomo Mitsui Holdings Business Overview & Revenue Model
Company Description
Sumitomo Mitsui Trust Holdings, Inc. operates as a trust bank across Japan and globally. The company delivers a wide array of supervisory services encompassing strategic planning, financial oversight, and human resource management. Its extensive o...
How the Company Makes Money
SMFG makes money primarily through its banking and related financial services operations under the holding company structure. Key revenue streams typically include: (1) Net interest income: earned from the spread between interest income on loans a...
Sumitomo Mitsui Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
54
Neutral
Cash Flow
41
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.95T | 2.78T | 2.34T | 1.69T | 1.27T |
| Gross Profit | 1.64T | 1.51T | 1.21T | 1.14T | 1.16T |
| EBITDA | 482.13B | 404.16B | 142.56B | 312.23B | 266.72B |
| Net Income | 317.57B | 257.63B | 79.20B | 191.00B | 169.08B |
Balance Sheet | |||||
| Total Assets | 82.17T | 78.25T | 75.88T | 69.02T | 64.63T |
| Cash, Cash Equivalents and Short-Term Investments | 27.42T | 25.17T | 22.83T | 21.60T | 18.22T |
| Total Debt | 20.79T | 31.70T | 17.68T | 12.87T | 13.53T |
| Total Liabilities | 78.58T | 75.12T | 72.74T | 12.87T | 61.89T |
| Stockholders Equity | 3.56T | 3.10T | 3.11T | 2.79T | 2.72T |
Cash Flow | |||||
| Free Cash Flow | 711.07B | 0.00 | 1.40T | 2.55T | -172.08B |
| Operating Cash Flow | 727.72B | 0.00 | 1.47T | 2.62T | -120.26B |
| Investing Cash Flow | -3.32T | -1.76T | -2.58T | 960.27B | -879.21B |
| Financing Cash Flow | 2.06T | 679.22B | -85.75B | -217.51B | -125.08B |
Sumitomo Mitsui Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥19.92T | 14.57 | 11.34% | 1.68% | 5.93% | 59.55% | |
69 Neutral | ¥5.05T | 18.46 | 9.00% | 1.23% | 17.19% | 19.44% | |
69 Neutral | ¥2.10T | 19.56 | 7.77% | 1.97% | 23.44% | 31.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | ¥4.62T | 12.52 | 9.57% | 2.69% | 5.33% | 33.82% | |
62 Neutral | ¥11.12T | 21.14 | 5.71% | 2.17% | 26.25% | 28.43% | |
59 Neutral | ¥6.69T | 18.33 | 3.96% | 2.01% | -0.10% | 8.52% |
* Financial Sector Average
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Sumitomo Mitsui Holdings Corporate Events
Sumitomo Mitsui Trust Group Expands Performance-Linked Employee Share Incentive Plan
Jul 30, 2026
Sumitomo Mitsui Trust Group has decided to continue its existing employee incentive plan and launch a new performance-linked share-based plan for managerial and highly skilled staff at Sumitomo Mitsui Trust Bank. The plans grant restricted shares ...
Sumitomo Mitsui Trust Reshapes Leasing Arm as Joint Venture with Fuyo and Yokohama FG
Jul 30, 2026
Sumitomo Mitsui Trust Bank has signed a definitive agreement with Fuyo General Lease and Yokohama Financial Group to convert Sumitomo Mitsui Trust Panasonic Finance into a joint venture, alongside a rebranding to SMTB Leasing Co., Ltd. The move is...
SuMi TRUST Group Posts Strong Q1 Results and Confirms Stock Split, Dividend Outlook
Jul 30, 2026
Sumitomo Mitsui Trust Group, Inc. is a Japan-based financial institution listed in Tokyo and Nagoya, operating as a major trust banking group. The company provides a broad range of financial services including trust banking, asset management and c...
Sumitomo Mitsui Trust Group Completes Share Buyback, Plans Major Cancellation After Stock Split
Jun 23, 2026
Sumitomo Mitsui Trust Group has completed a share repurchase program authorized by its board on May 14, 2026, buying back 5,155,500 common shares between June 1 and June 22 for about JPY 30.4 billion via market purchases on the Tokyo Stock Exchang...
Sumitomo Mitsui Trust Group Details Progress on Share Buyback Program
Jun 1, 2026
Sumitomo Mitsui Trust Group, Inc. has disclosed the status of its ongoing share buyback program authorized under Japan’s Companies Act. The company repurchased 3,493,700 shares of its common stock on the Tokyo Stock Exchange between May 15 a...
Sumitomo Mitsui Trust Group Unveils Asset‑Led Medium‑Term Growth Plan for 2026–2028
May 14, 2026
Sumitomo Mitsui Trust Group has unveiled a new medium‑term management plan for fiscal years 2026 to 2028, following the near‑completion of its previous plan that strengthened profitability, capital efficiency and strategic investment c...
Sumitomo Mitsui Trust Group Raises Shareholder Payout Target and Links Dividends to Adjusted Profit
May 14, 2026
Sumitomo Mitsui Trust Group has revised its shareholder return policy to better balance capital adequacy, growth investment, and returns, after meeting prior goals of progressive dividends and maintaining a payout ratio of at least 40%. The group ...
Sumitomo Mitsui Trust Group Plans 4-for-1 Stock Split and Charter Change
May 14, 2026
Sumitomo Mitsui Trust Group has approved a four-for-one split of its common stock, effective August 1, 2026, aiming to lower the per-share investment price and make its shares more accessible to a wider range of investors. The move is designed to ...
Sumitomo Mitsui Trust Group Launches ¥50 Billion Share Buyback and Cancellation
May 14, 2026
Sumitomo Mitsui Trust Group has approved a share repurchase of up to 14 million common shares, representing about 2% of shares outstanding, for a maximum total of ¥50 billion between May 15 and September 30, 2026, via market purchases on the ...
Sumitomo Mitsui Trust Group Lifts Profit, Ups Dividend and Announces Four-for-One Stock Split
May 14, 2026
Sumitomo Mitsui Trust Group reported a modest 2.1% rise in ordinary income to ¥2.98 trillion for the year ended March 31, 2026, while ordinary profit climbed 9.2% and net income attributable to owners surged 23.3% to ¥317.6 billion, lift...
Sumitomo Mitsui Trust Group Lifts FY2025 Profit and Dividend Forecasts
Apr 30, 2026
Sumitomo Mitsui Trust Group revised upward its consolidated earnings forecast for the fiscal year ending March 31, 2026, marking a second increase for FY2025. The group now projects net income attributable to owners of the parent at ¥317 bill...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.