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Sumitomo Mitsui Trust Group, Inc.

Latest Tokyo Brief coverage on Sumitomo Mitsui Trust Group, Inc., tracking filings, financial news, and market signals from Japan.

Code
8309
Exchange
TSE
Coverage
4 articles

Latest coverage

TSE:8309

  1. Panasonic is out of SMTB Leasing as Fuyo General Lease takes 40% of the votes

    SMTB Leasing, formerly Sumitomo Mitsui Trust Panasonic Finance, bought back all of Panasonic Holdings' shares on 1 October, leaving Fuyo General Lease with 40.00% of voting rights, Yokohama Financial Group with 15.00% and Sumitomo Mitsui Trust Bank with 45.00%.

  2. Sumitomo Mitsui Trust Sets Terms for a ¥40bn Bond That Can Be Wiped to Zero

    An amended EDINET filing fixes indicative pricing on a ten-year subordinated bond whose holders would lose their entire principal, not just deferred interest, if regulators ever declared Sumitomo Mitsui Trust Group failing.

  3. Sumitomo Mitsui Trust Cedes Control of Leasing Arm as Panasonic Exits, Rivals Buy In

    Sumitomo Mitsui Trust Bank is cutting its stake in a ¥1.64tn leasing subsidiary from 84.9% to 45%, Panasonic is exiting entirely, and Fuyo General Lease (40%) and Yokohama Financial Group (15%) are buying in; parent Sumitomo Mitsui Trust Group expects a ¥14.0bn transfer loss when the deal closes on October 1.

  4. 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.