Sumitomo Mitsui Trust Group Inc 8309

Stock XTKS Rating as of Sep 8, 2026

¥1,730.00 −26.50 (1.51%)

As of Sep 9, 2026, 6:30:02 AM Delayed Price Closed

Company Report

Sumitomo Mitsui Trust Group's Stronger Capital Utilization Underpins Dividend Payout

Kathy Chan Jul 30, 2026

Like State Street and Bank of New York Mellon in the US, which compete with custodian businesses inside larger US banks like JPMorgan Chase, Sumitomo Mitsui Trust Group's main competitors are the trust bank units of Japanese megabank groups Mitsubishi UFJ and Mizuho. Given its shared connections to the Sumitomo and Mitsui keiretsu corporate networks, SMTG's business portfolio would be a good match for Sumitomo Mitsui Financial Group, but SMTG and SMFG do not have any capital connection despite the common name.

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Price vs Fair Value

View History

8309 is trading at a LOCK|RGvnC@ premium.

Price

¥1,756.50

Sep 8, 2026

Fair Value

LOCK|!G

May 18, 2026

Uncertainty

LOCK|@K#S

1-Star Price: LOCK|B>.H
5-Star Price: LOCK|xbt
Economic Moat: LOCK|SX!
Capital Allocation: LOCK|>^c!#^

Bulls Say, Bears Say

Bulls

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.

Bears

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.

News

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Trading Information

Previous Close Price: ¥1,756.50
Day Range: ¥1,729.50–1,763.50
52-Week Range: ¥1,003.00–1,822.50
Bid/Ask: ¥1,729.50 / ¥1,731.50
Shares Outstanding: 2.75B
Market Cap: ¥4.76T
Volume/Avg: 10M / 10M

Key Statistics

Price/Earnings (Normalized): 3.42
Price/Sales: 3.00
Dividend Yield (Trailing): 2.63%
Dividend Yield (Forward): 2.70%
Dividend Payment Schedule: Jun, Dec
Total Yield: 3.87%

Company Profile

Sumitomo Mitsui Trust Group is the fifth-largest Japanese bank by assets and revenue. It is the only remaining stand-alone trust bank after the late 1990s deregulation removed legal barriers between commercial banking and trust functions in Japan; its former rivals in trust banking merged and became units of Mitsubishi UFJ FG and Mizuho. It has no capital ties with Sumitomo Mitsui FG, despite the similar name and common ties to Sumitomo and Mitsui group companies. In fiduciary services, SMTG is the market leader in Japan in total assets under custody. It is the largest manager of corporate pension funds and trails only Nomura in investment trusts.

Sector: Financial Services
Industry: Banks - Regional
Stock Style Box: Large Core
Total Number of Employees: 25,380
Website: https://www.smth.jp

Competitors

Valuation

Metric	8309	STT	BNY
Price/Earnings (Normalized)	3.42	15.68	18.72
Price/Book Value	1.32	2.13	2.77
Price/Sales	3.00	3.62	5.43
Price/Cash Flow	—	11.41	14.35

Price/Earnings

8309

STT

BNY

Financial Strength

Metric	8309	STT	BNY
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

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)	—	—	—

Return on Assets

8309

STT

BNY

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