Sumitomo Mitsui Trust Group,Inc.

This business overview is based on the annual Securities Report for securities code 8309. With its holding company functions at the core, the Group operates a diverse range of businesses, including banking, asset management, asset administration and real estate-related services. At its core is a trust banking group centered on Sumitomo Mitsui Trust Bank, Limited, with 57 affiliates in Japan and overseas and 31 equity-method affiliates. Business segments comprise Retail Business, Wholesale Business, Investor Business, Real Estate Business, Markets Business, Asset Management Business and Other. The Group aims to become a leading company in businesses that help solve social issues by 2035. The key themes of the 2030 Medium-Term Management Plan are the growth strategy, centered on a trust-group model built around asset management; capital strategy; and enhancement of the management platform. As part of its sustainability strategy, the Group is pursuing measures to address climate change and achieve decarbonization over the medium to long term. It aims to achieve targets including ROTCE of 16% and ROE of 12%, and to raise adjusted business profit to approximately ¥1 trillion. Digitalization, strengthening the IT platform, system integration, and the achievement of sustainability and well-being, including a carbon-neutral transition plan, have been identified as material issues.