Company Profile For The Sumitomo Trust and Banking Company,Limited

The Sumitomo Trust and Banking Company,Limited (8403.T) (Tokyo Stock Exchange)

sector: Financials · industry: Investment Trusts ·

As of 10:50am IST

436JPY

Price Change

-12

Percent Change

-2.68%

Analyst Recommendations

Overview

The Sumitomo Trust and Banking Company, Limited is a Japan-based financial institution mainly engaged in the trust banking business. The Bank operates in three business segments. The Trust Banking segment offers trust and banking services, as well as building management, housing loan, pension benefit evaluation, information processing, entrusted accounting and manpower dispatching services. The Lease segment is involved in the leasing business. The Finance-related segment provides credit card, cash loan, investment trust asset management, real estate brokerage, consulting and venture capital services. The Bank has 37 consolidated subsidiaries and eight associated companies.

Quick Financial Synopsis

BRIEF: For the six months ended 30 September 2009, The Sumitomo Trust and Banking Co., Ltd.'s interest income fell 29% to Y141.25B. Net interest income after loan loss provision increased 24% to Y87.59B. Net income decreased 32% to Y19.28B. Net interest income reflects lower interest income on securities, benefits from decreased interest expenses on deposit. Net income is offset by decreased fees and commissions income.