Sumitomo Mitsui Trust Holdings Inc (JP:8309)
:8309
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Sumitomo Mitsui Holdings
(8309)
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Rating:71Outperform
Price Target:
¥5,417.00
▲(9.37% Upside)
Action:ReiteratedDate:02/10/26
The score is driven primarily by solid financial performance (strong revenue growth, stable operations, and a sound balance sheet), offset by less consistent free cash flow. Technicals remain bullish on trend but overbought readings temper the outlook. Valuation is supportive with a moderate P/E and a ~2.9% dividend yield.
Positive Factors
Diversified banking franchise
SMFG's broad client mix across retail, SMEs and large corporates and its international footprint create multiple durable revenue channels. This diversification reduces concentration risk, supports recurring fee and deposit bases, and enables cross‑sell of lending, payments and advisory services over the medium term.
Negative Factors
Inconsistent free cash flow
Irregular free cash flow limits the bank's ability to consistently fund buybacks, dividends or discretionary investments from internal resources. Over time this can constrain capital allocation flexibility, increase dependence on external funding for strategic initiatives, and slow balance sheet optimization.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified banking franchise
SMFG's broad client mix across retail, SMEs and large corporates and its international footprint create multiple durable revenue channels. This diversification reduces concentration risk, supports recurring fee and deposit bases, and enables cross‑sell of lending, payments and advisory services over the medium term.
Read all positive factors
Sumitomo Mitsui Holdings (8309) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.71T
Dividend Yield3.31%
Average Volume (3M)1.91M
Price to Earnings (P/E)8.8
Beta (1Y)1.08
Revenue Growth16.24%
EPS Growth78.76%
CountryJP
Employees22,911
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)135.82
Shares Outstanding698,813,000
10 Day Avg. Volume2,518,670
30 Day Avg. Volume1,909,833
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.86
Price to Sales (P/S)0.96
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)478.6
Revenue Forecast (FY)¥956.73B
Sumitomo Mitsui Holdings Business Overview & Revenue Model
Company Description
Sumitomo Mitsui Trust Holdings, Inc. operates as a trust bank in Japan and internationally. It offers supervising services for management strategies, and financial and human resource management; and corporate administration, operational process, r...
How the Company Makes Money
SMFG makes money primarily through its banking operations and other financial services conducted by its consolidated subsidiaries. The largest revenue driver is net interest income: the group gathers funds (e.g., customer deposits and wholesale fu...
Sumitomo Mitsui Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.79T | 2.78T | 2.34T | 1.69T | 1.27T | 1.23T |
| Gross Profit | 1.48T | 1.51T | 1.21T | 1.14T | 1.16T | 1.09T |
| EBITDA | 367.01B | 404.16B | 142.56B | 312.23B | 266.72B | 242.43B |
| Net Income | 281.77B | 257.63B | 79.20B | 191.00B | 169.08B | 142.20B |
Balance Sheet | ||||||
| Total Assets | 79.72T | 78.25T | 75.88T | 69.02T | 64.63T | 62.16T |
| Cash, Cash Equivalents and Short-Term Investments | 27.50T | 25.17T | 22.83T | 21.60T | 18.22T | 18.49T |
| Total Debt | 18.57T | 31.70T | 17.68T | 12.87T | 13.53T | 12.24T |
| Total Liabilities | 76.56T | 75.12T | 72.74T | 12.87T | 61.89T | 59.44T |
| Stockholders Equity | 3.13T | 3.10T | 3.11T | 2.79T | 2.72T | 2.69T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | 1.40T | 2.55T | -172.08B | 6.49T |
| Operating Cash Flow | 0.00 | 0.00 | 1.47T | 2.62T | -120.26B | 6.55T |
| Investing Cash Flow | -1.76T | -1.76T | -2.58T | 960.27B | -879.21B | -475.49B |
| Financing Cash Flow | -47.59B | 679.22B | -85.75B | -217.51B | -125.08B | -219.72B |
Sumitomo Mitsui Holdings Technical Analysis
Positive
4953.00
Price Trends
5161.71
Positive
4897.36
Positive
4439.93
Positive
Market Momentum
66.77
Negative
60.37
Neutral
79.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8309, the sentiment is Positive. The current price of 4953 is below the 20-day moving average (MA) of 5062.63, below the 50-day MA of 5161.71, and above the 200-day MA of 4439.93, indicating a bullish trend. The MACD of 66.77 indicates Negative momentum. The RSI at 60.37 is Neutral, neither overbought nor oversold. The STOCH value of 79.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8309.
Sumitomo Mitsui Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥3.71T | 8.79 | 9.31% | 3.31% | 16.24% | 78.76% | |
71 Outperform | ¥16.87T | 10.71 | 9.14% | 2.38% | -3.62% | 23.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | ¥1.76T | 12.21 | 7.83% | 2.54% | 19.38% | 29.95% | |
63 Neutral | ¥4.35T | 10.69 | 8.37% | 1.80% | 8.28% | 28.63% | |
63 Neutral | ¥9.69T | 14.35 | 5.28% | 2.73% | 2.17% | 9.55% | |
61 Neutral | ¥5.21T | 10.08 | 3.72% | 3.03% | -1.36% | 38.26% |
* Financial Sector Average
JP:8309
Sumitomo Mitsui Holdings
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Sumitomo Mitsui Holdings Corporate Events
Sumitomo Mitsui Trust to Turn Leasing Unit into Joint Venture with Fuyo and Yokohama FG
Mar 30, 2026
Sumitomo Mitsui Trust Bank, Fuyo General Lease, and Yokohama Financial Group have signed a memorandum of understanding to restructure Sumitomo Mitsui Trust Panasonic Finance into a joint venture. The move is part of Sumitomo Mitsui Trust GroupR...
Sumitomo Mitsui Trust Group Reshapes Top Management Ahead of April 2026
Feb 26, 2026
Sumitomo Mitsui Trust Group announced leadership changes effective April 1, 2026, appointing Managing Executive Officer Masanori Watanabe as Representative Executive Officer and CFO of the holding company. Watanabe, a long-time group insider with ...
Sumitomo Mitsui Trust Group Posts Solid Capital Ratios Despite Rising Risk-Weighted Assets
Feb 13, 2026
Sumitomo Mitsui Trust Group reported its consolidated Common Equity Tier 1 capital ratio at 11.46% as of December 31, 2025, with Tier 1 and total capital ratios at 12.81% and 14.19%, respectively, slightly lower than at the end of March but comfor...
Sumitomo Mitsui Trust Group Posts Strong Nine-Month Profit and Raises Annual Dividend Outlook
Jan 30, 2026
Sumitomo Mitsui Trust Group reported consolidated ordinary income of ¥2,111.2 billion for the nine months ended December 31, 2025, up 1.6% year-on-year, with ordinary profit rising 5.5% to ¥329.6 billion and net income attributable to ow...
Sumitomo Mitsui Trust Group Completes ¥30 Billion Share Buyback and Plans Full Cancellation
Jan 9, 2026
Sumitomo Mitsui Trust Group has completed a board-authorized share repurchase program and will cancel all shares acquired under the plan as part of its capital management strategy. Between November 13, 2025 and January 8, 2026, the group repurchas...
Sumitomo Mitsui Trust Group Reports Progress on ¥30 Billion Share Buyback
Jan 5, 2026
Sumitomo Mitsui Trust Group has disclosed the status of its ongoing share repurchase program, buying back 3,315,200 shares of common stock for approximately JPY 15.3 billion via market purchases on the Tokyo Stock Exchange between December 1 and D...
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.