Sumitomo Mitsui Trust Group, Inc.
8309・Prime Market・Banks
Personal Business
Core trust group segment providing integrated asset formation, management, administration, and succession services for individual customers
| Period | Current | Previous | Change |
|---|---|---|---|
| Real net business income (full year) | ¥248,472 million | ¥228,864 million (prior fiscal year) | ↑ |
| Real net operating profit (full year) | ¥56,180 million | - | ↑ |
| Total expenses (full year) | ¥192,291 million | - | ↑ |
| Fixed assets (segment allocated) | ¥92,475 million | ¥91,755 million (as of Q3) | ↑ |
| Housing loan balance (non-consolidated, fiscal year-end) | ¥9,764,574 million | ¥10,159,373 million | ↓ |
| Total personal loan balance (non-consolidated, fiscal year-end) | ¥10,467,878 million | ¥10,834,752 million | ↓ |
| Personal deposit balance (non-consolidated, domestic branches, fiscal year-end) | ¥16,972,377 million | ¥16,394,310 million | ↑ |
| Personal trust principal balance (non-consolidated, domestic branches, fiscal year-end) | ¥1,539,142 million | ¥1,370,671 million | ↑ |
Business Details
Addresses the full range of life plan needs for individual customers in the era of the 100-year life, offering products and services unique to the trust group, spanning asset formation and management to administration and succession. Centered on Sumitomo Mitsui Trust Bank's retail branch network, the segment deploys diverse solutions including deposits, lending, investment trusts, will trusts, and real estate trusts. Its mission is to support the realization of a prosperous and secure future based on long-term relationships of trust with each individual customer.
Recent Overview
Full-year real net business income was ¥248,472 million, up year on year, with real net operating profit of ¥56,180 million
In FY2026 (ending March 2026), the Personal Business segment recorded real net business income of ¥248,472 million (up from ¥228,864 million in the prior fiscal year) and real net operating profit of ¥56,180 million for the full year. This was driven by improved fund-related profit from rising yen interest rates and strong fee and commission income, while total expenses increased to ¥192,291 million. Personal deposit balances rose to ¥16,972,377 million from the prior fiscal year, while housing loan balances declined by ¥394,799 million to ¥9,764,574 million. Personal trust principal balances increased to ¥1,539,142 million from the prior fiscal year, reflecting progress in capturing asset succession and management needs.
Key Products
Growth Drivers
- Improvement in fund-related profit accompanying rising yen interest rates supports personal deposit and lending income
- Creation of individual investment demand through trust-specific products such as Future Trust (New-Type Money Trust)
- Increase in investment trust sales and fee and commission income driven by growing individual interest in asset formation amid NISA program expansion
- Expansion of customer touchpoints and improved convenience through digitalization, including the expansion of online consulting plazas
- Structural expansion of will trust and asset succession demand in the era of the 100-year life
- Capture of asset management and succession demand, as reflected in the increase in personal trust principal balance (up ¥168,471 million from the prior fiscal year)
Risks
- Risk of profitability pressure from sustained high total expenses of ¥192,291 million (real net operating profit ratio of 22.6%)
- Risk of declining demand for personal housing loans amid rising interest rates (balance down ¥394,799 million from the prior fiscal year)
- Intensifying competition in individual asset management from competing banks, securities firms, and fintech companies
- Long-term risk of a shrinking domestic individual customer base due to aging population and demographic decline
- Possibility that rising interest rates could spread to increased repayment burdens and delinquency risk among existing housing loan customers
Last updated: June 17, 2026