2
The Sumitomo Trust & Banking Co., Ltd. 2004 Annual Report — Financial Highlights
Financial Highlights
Millions of Yen
(Unless otherwise specified)
FY2002
(4/02-3/03)
FY2003
(4/03-3/04)
< Consolidated >
For the Year:
Gross Business Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross Business Profit (Before Trust Account Credit Costs) 2 . . . . . . . . . . . . .
Credit Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Business Profit (Before Credit Costs) 3 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Other Non-recurring Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Gains (Losses) on Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Income (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥
279,911
284,589
(22,777)
153,619
7,752
25,723
79,629
At Year-end:
Tier 1 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Risk Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
789,900
1,390,649
11,168,978
Per Common Share (Yen/U.S. Dollars):
Total Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Income (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
481.03
53.99
Financial Ratios:
ROE 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BIS Tier 1 Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BIS Capital Adequacy Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.6%
7.07%
12.45%
Millions of U.S. Dollars 1
(Unless otherwise specified)
¥
271,005
291,314
(87,898)
159,045
(134,428)
(127,952)
(72,967)
706,184
1,213,927
11,580,899
FY2001
(4/01-3/02)
¥
FY2003
(4/03-3/04)
267,417
291,398
(110,023)
—
(103,282)
(104,130)
(42,480)
$
734,136
1,293,603
11,908,016
361.45
(50.80)
2,650
2,694
(216)
1,454
73
243
754
7,477
13,164
105,727
386.87
(29.88)
(13.6)%
6.09%
10.48%
4.55
0.51
(7.1)%
6.16%
10.86%
—
—
—
1. The U.S. dollar amounts have been translated, for convenience only, at ¥105.64 to U.S. $1.00.
2. Gross Business Profit (Before Trust Account Credit Costs) = (Gross Business Profit) + (Trust Account Credit Costs)
3. Net Business Profit (Before Credit Costs) = (Net Business Profit) + (Trust Account Credit Costs) + (Net Transfer to General Reserve)
Net Business Profit = (Gross Business Profit) - (General and Administrative Expenses) - (Net Transfer to General Reserve)
4. ROE is computed based on the average stockholders’ equity at the beginning and end of the fiscal year.
< Consolidated >
Gross Business Profit
Net Business Profit (Before Credit Costs)
in comparison with Credit Costs
Net Income and ROE
Gross Business Profit
Gross Business Profit (Before Trust Account Credit Costs)
( Billions of Yen )
Net Business Profit (Before Credit Costs)
Credit Costs
( Billions of Yen )
Net Income (Loss) <left>
ROE <right>
( Billions of Yen )
(%)
79.6
300
291.4
267.4
271.0
279.9
153.6
159.0
150
291.3
12.6
50
10
284.6
110.0
200
0
0
100
87.9
100
-50
50
(42.5)
(7.1)
-10
(13.6)
22.8
0
-100
0
FY2001
FY2002
FY2003
(73.0)
FY2001
FY2002
FY2003
FY2001
FY2002
-20
FY2003
The Sumitomo Trust & Banking Co., Ltd. 2004 Annual Report — Financial Highlights
Millions of Yen
(Unless otherwise specified)
FY2002
(4/02-3/03)
FY2003
(4/03-3/04)
< Non-Consolidated >
For the Year:
Gross Business Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross Business Profit (Before Trust Account Credit Costs) 2 . . . . . . . . . . . . .
Credit Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Business Profit (Before Credit Costs) 3 . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Other Non-recurring Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Gains (Losses) on Stocks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Income (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥
252,327
257,006
(21,833)
145,031
899
25,640
73,928
At Year-end:
Tier 1 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Risk Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
790,266
1,393,089
11,090,725
Per Common Share (Yen/U.S. Dollars):
Total Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net Income (Loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Cash Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
485.27
50.09
6.00
Financial Ratios:
ROE 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BIS Tier 1 Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BIS Capital Adequacy Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Non-performing Loan Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.5%
7.12%
12.56%
2.8%
Millions of U.S. Dollars 1
(Unless otherwise specified)
¥
254,958
275,267
(85,928)
158,889
(141,351)
(127,782)
(56,565)
713,201
1,221,164
11,496,551
FY2001
(4/01-3/02)
¥
FY2003
(4/03-3/04)
247,770
271,751
(105,413)
150,257
(112,496)
(110,122)
(42,207)
$
723,595
1,281,598
11,816,497
368.77
(39.50)
3.00
2,389
2,433
(207)
1,373
9
243
700
7,481
13,187
104,986
381.58
(29.69)
5.00
(10.5)%
6.20%
10.62%
3.6%
4.59
0.47
0.06
(7.1)%
6.12%
10.84%
6.1%
—
—
—
—
1. The U.S. dollar amounts have been translated, for convenience only, at ¥105.64 to U.S. $1.00.
2. Gross Business Profit (Before Trust Account Credit Costs) = (Gross Business Profit) + (Trust Account Credit Costs)
3. Net Business Profit (Before Credit Costs) = (Net Business Profit) + (Trust Account Credit Costs) + (Net Transfer to General Reserve)
Net Business Profit = (Gross Business Profit) - (General and Administrative Expenses) - (Net Transfer to General Reserve)
4. ROE is computed based on the average stockholders’ equity at the beginning and end of the fiscal year.
< Non-Consolidated >
Gross Business Profit
Net Business Profit (Before Credit Costs)
in comparison with Credit Costs
Net Income and ROE
Gross Business Profit
Gross Business Profit (Before Trust Account Credit Costs)
( Billions of Yen )
Net Business Profit (Before Credit Costs)
Credit Costs
( Billions of Yen )
Net Income (Loss) <left>
ROE <right>
( Billions of Yen )
(%)
73.9
300
247.8
150.3
275.3
271.8
255.0
11.5
50
158.9
150
10
145.0
257.0
252.3
200
100
105.4
0
0
85.9
100
-50
50
(42.2)
(7.1)
-10
(10.5)
(56.6)
21.8
0
FY2001
FY2002
FY2003
-20
-100
0
FY2001
FY2002
FY2003
FY2001
FY2002
FY2003
3