Sumitomo Mitsui Trust Group, Inc. (TYO: 8309)

Sumitomo Mitsui Trust Group Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	691,950	634,847	427,033	261,558	271,819	348,888
Interest Income on Investments	412,187	374,142	233,275	114,101	91,930	140,476
Total Interest Income	1,104,137	1,008,989	660,308	375,659	363,749	489,364
Interest Paid on Deposits	787,111	654,308	311,131	36,638	59,422	207,011
Interest Paid on Borrowings	475,068	475,068	240,325	71,245	78,049	154,875
Total Interest Expense	1,262,179	1,129,376	551,456	107,883	137,471	361,886
Net Interest Income	-158,042	-120,387	108,852	267,776	226,278	127,478
Net Interest Income Growth (YoY)	-	-	-59.35%	18.34%	77.50%	-5.69%
Trust Income	119,304	116,269	109,721	110,539	102,883	99,816
Income From Trading Activities	144,645	75,917	10,424	13,453	-33,224	102,189
Gain (Loss) on Sale of Assets	390	-631	-933	-235	-559	2,423
Gain (Loss) on Sale of Investments	-52,046	-186,479	4,722	-37,394	-43,527	73,116
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-	9,929
Other Non-Interest Income	1,147,636	1,147,422	945,262	807,398	813,912	722,079
Total Non-Interest Income	1,359,929	1,152,498	1,069,196	893,761	839,485	1,009,552
Non-Interest Income Growth (YoY)	23.28%	7.79%	19.63%	6.47%	-16.85%	11.67%
Revenues Before Loan Losses	1,201,887	1,032,111	1,178,048	1,161,537	1,065,763	1,137,030
Provision for Loan Losses	13,917	7,547	1,547	37,688	3,277	-
Revenue	1,187,970	1,024,564	1,176,501	1,123,849	1,062,486	1,137,030
Revenue Growth (YoY)	9.54%	-12.91%	4.68%	5.78%	-6.56%	9.41%
Selling, General & Administrative	519,064	505,945	460,336	435,567	431,422	415,659
Other Non-Interest Expense	435,762	417,924	431,259	458,815	448,468	461,291
Total Non-Interest Expense	954,826	923,869	891,595	894,382	879,890	876,950
EBT Excluding Unusual Items	233,144	100,695	284,906	229,467	182,596	260,080
Asset Writedown	-6,783	-7,407	-18,187	-1,468	-20,173	-19,360
Other Unusual Items	-	4,688	4,667	-1	37,579	-
Pretax Income	226,361	97,976	271,386	227,998	200,002	240,720
Income Tax Expense	56,945	17,636	79,357	57,763	56,064	75,627
Earnings From Continuing Operations	169,416	80,340	192,029	170,235	143,938	165,093
Minority Interest in Earnings	-1,456	-1,141	-1,029	-1,157	-1,742	-2,065
Net Income	167,960	79,199	191,000	169,078	142,196	163,028
Net Income to Common	167,960	79,199	191,000	169,078	142,196	163,028
Net Income Growth	28.18%	-58.53%	12.97%	18.90%	-12.78%	-6.25%
Basic Shares Outstanding	722	726	739	749	749	751
Diluted Shares Outstanding	722	726	739	750	750	751
Shares Change (YoY)	-1.10%	-1.78%	-1.40%	0.01%	-0.22%	-0.93%
EPS (Basic)	232.63	109.16	258.57	225.70	189.83	217.15
EPS (Diluted)	232.49	109.09	258.42	225.56	189.71	217.01
EPS Growth	29.61%	-57.78%	14.57%	18.90%	-12.58%	-5.37%
Dividend Per Share	122.500	110.000	105.000	85.000	75.000	75.000
Dividend Growth	11.36%	4.76%	23.53%	13.33%	0%	7.14%
Effective Tax Rate	25.16%	18.00%	29.24%	25.33%	28.03%	31.42%

Source: S&P Capital IQ. Banks template. Financial Sources.