Sumitomo Mitsui Trust kept growing trust fees as assets topped ¥82tn
Sumitomo Mitsui Trust Group's audited annual report shows ordinary income of ¥2.98tn, profit attributable of ¥317.6bn, trust fees of ¥125.4bn and total assets of ¥82.17tn. The more durable signal is the fee line: trust fees rose from ¥120.9bn a year earlier even as the balance sheet expanded, suggesting the franchise grew on more than bulk alone.