Key Developments: Sumitomo Mitsui Trust Holdings Inc (8309.T)
Latest Key Developments (Source: Significant Developments)
Sumitomo Mitsui Trust Holdings Inc announced that it will dissolve its wholly owned subsidiary, MTH Preferred Capital 1 (Cayman) Limited, which is engaged in the issuance of preferred equity investment securities in Cayman Islands. The Company will complete the liquidation in March 2013. Full Article
Sumitomo Mitsui Trust Holdings Inc announced that Deloitte Touche Tohmatsu LLC will retire from corporate auditor, effective June 28, 2012. Full Article
Sumitomo Mitsui Trust Holdings Inc Amends Consolidated Full-year Outlook and Raises Year-end Dividend Forecast for FY 2012
Sumitomo Mitsui Trust Holdings Inc announced that it has raised its consolidated full-year outlook for ordinary profit from JPY 265,000 million to JPY 272,000 million, but lowered the outlook for net profit from JPY 180,000 million to JPY 165,000 million, for the fiscal year ended March 2012. The Company raised the ordinary profit outlook due to the business integration, and lowered the net profit outlook due to the reversal of deferred tax assets. The Company has also raised its year-end dividend forecast from JPY 4 per share announced on January 31, 2012, to JPY 4.50 per share, for the fiscal year ended March 2012. Full Article
Sumitomo Mitsui Trust Holdings Inc announced that it has decided to establish an internal investigation committee to investigate on its subsidiary's insider trading infractions, on April 9, 2012. Full Article
TOKYO - Japan's fifth-largest lender, Sumitomo Mitsui Trust Bank, is planning to increase its overseas loan balances, with at least 1 trillion to 2 trillion yen ($9.6 billion-$19.2 billion) more capacity available to lend abroad, its top executive said.