Sumitomo Mitsui Trust Group's net income for the first quarter of fiscal 2026 (ending March 2027) rose 57% year on year. Growth was driven by higher net fee income, stronger interest-related earnings, and trading revenue, while net gains on share sales tripled to JPY 61 billion.
SMTG holding more equities as a proportion of its capital than the three Japanese megabanks means its capital ratios benefit more as they all reduce their holdings significantly.
In a scenario in which Japanese interest rates rise quickly, SMTG has less operational gearing given its higher weighting of fees in the revenue mix.
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Metric
|
8309
|
STT
|
BNY
|
|---|---|---|---|
Price/Earnings (Normalized) | 3.27 | 15.09 | 18.12 |
Price/Book Value | 1.26 | 2.05 | 2.68 |
Price/Sales | 2.87 | 3.49 | 5.26 |
Price/Cash Flow | — | 10.98 | 13.89 |
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Metric
|
8309
|
STT
|
BNY
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
8309
|
STT
|
BNY
|
|---|---|---|---|
Return on Assets (Normalized) | 0.60% | 0.93% | 1.22% |
Return on Equity (Normalized) | 14.51% | 14.85% | 15.53% |
Return on Invested Capital (Normalized) | — | — | — |
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1-Day Chart
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Morningstar Rating for Stocks
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