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© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. January 30, 2026 Summary of Financial Results for 3QFY2025
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2© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. This presentation material contains information that constitutes forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors including changes in managerial circumstances. This material includes summary figures that have not been audited so the numbers may change. Please refer to the most recent relevant materials including financial results (“Kessan Tanshin”)(including attached explanatory materials), the securities report and other presentations disclosed by Sumitomo Mitsui Trust Group and its group companies, for further information that could significantly influence its financial position and operating results as well as investment decisions by investors. Information regarding companies and other entities outside the group in this document has been obtained from publicly available information and other sources. The accuracy and appropriateness of that information has not been verified by the group and cannot be guaranteed. This presentation material does not constitute an offer to sell or a solicitation of an offer to subscribe for or purchase any securities. Definitions of terms in this document Sumitomo Mitsui Trust Group (Consolidated): “Consolidated “ or “SuMiTG” Sumitomo Mitsui Trust Bank (Non-consolidated): “Non-consolidated “ or “SuMiTB” Sumitomo Mitsui Trust Asset Management: “SuMiTAM” Amova Asset Management: “Amova AM” Net income (on consolidated basis) : “Net income attributable to owners of the parent” NPL (Non performing loans): “Problem assets based on the Financial Reconstruction Act” Change of Trade Name On September 1, 2025, Nikko Asset Management changed its trade name to Amova Asset Management. On August 3, 2026, SBI Sumishin Net Bank will change its trade name to DOCOMO SMTB Net Bank. In October 2025, Sumitomo Mitsui Trust Club was merged into Sumitomo Mitsui Trust Card, which became the surviving company, and the trade name was subsequently changed to Sumitomo Mitsui Trust Club.
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3© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. ・Achieved ¥296.7bn of 80% vs FY25 forecast of ¥370.0bn ・(#3: Effective interest related earnings) Increased by ¥17.5bn YoY due to the impact of domestic interest rate hike as well as an increase of earnings related to investment partnership ・(#4: Net fees and commissions and related profit) Increased by ¥23.5bn YoY due to the strong performance in asset management and asset administration businesses as well as corporate lending business ・(#5: Other profit) Increased by ¥9.9bn YoY, mainly through improving profits in global market related business ・(#6: Substantial G&A expenses) Increased by ¥27.2bn YoY, mainly due to higher IT system related costs. Progress largely in line with the plan (74% progress) Overview of profits (Yen bn) Change 1 Net business profit before credit costs *2 272.9 296.7 23.8 370.0 2 Substantial gross business profit *2 695.9 746.9 51.0 975.0 3 Effective interest related earnings*3 271.2 288.8 17.5 4 Net fees and commissions and related profit 369.5 393.0 23.5 5 55.1 65.1 9.9 6 Substantial G&A expenses *2 (422.9) (450.2) (27.2) (605.0) 7 Personnel expenses (185.9) (191.1) (5.2) 8 Non-personnel expenses excluding taxes (222.1) (242.8) (20.7) 9 Taxes other than income taxes (14.9) (16.1) (1.2) 10 Total credit costs (3.9) (4.0) (0.1) (20.0) 11 Net gains on stocks 71.4 75.1 3.6 80.0 12 Other net non-recurring profit (27.8) (38.2) (10.3) (55.0) 13 Ordinary profit 312.5 329.6 17.0 375.0 14 Extraordinary profit (1.0) 37.2 38.3 15 Income before income taxes 311.4 366.9 55.4 16 Total income taxes (84.4) (96.9) (12.4) 17 Income attributable to non-controlling interests (1.0) (3.3) (2.3) 18 Net income 225.9 266.6 40.6 295.0 19 Earnings per share (EPS) (Yen) 314 378 63 20 Number of shares issued (mn shares) *4 718.3 704.8 (13.5) FY24 1-3Q FY25 1-3Q FY25 Forecast *1 Other profit *1: Revised on November 12, 2025 *2: “Net business profit before credit costs”, “Substantial gross business profit”, and “Substantial G&A expenses” are based on managerial accounting, taking gross income and expenses from affiliates into consideration *3: “Effective interest related earnings” is sum of “Net interest income and related profit” and "Profit attributable to deployment of surplus foreign currency funds”. Refer to P.18 for a detailed explanation of “Profit attributable to deployment of surplus foreign currency funds” *4: Average number of common shares outstanding (excluding treasury stocks) during the period ・Flat YoY while newly recognizing some credit costs Total credit costs (#10) Net gains on stocks (#11) Net income (#18) ・Steady progress at 90% vs FY25 forecast of ¥295.0bn ・Achieved ¥75.1bn of 94% vs FY25 forecast of ¥80.0bn ・Gain on sales of strategic shareholdings: ¥87.4bn Realized losses from cancellation of bear funds: ¥(21.7)bn Net business profit before credit costs (#1) Other net non-recurring profit, Extraordinary profit (#12 and #14) ・(#12: Other net non-recurring profit) Decreased by ¥(10.3)bn YoY, due to decline in amortization of net actuarial losses and decrease of losses on investment in partnership ・(#14: Extraordinary profit) Increased by ¥38.3bn YoY due to gains on sales of stocks of subsidiaries and affiliates, factored into annual forecast
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4© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. Loan - deposit ratio (SuMiTB) Overview of balance sheet (Yen bn) Change 1 Assets 78,247.1 81,843.9 3,596.8 2 Cash and due from banks 25,173.6 22,738.2 (2,435.3) 3 Securities 11,496.1 15,401.7 3,905.5 4 Loans and bills discounted 32,206.9 33,051.8 844.8 5 Other assets 9,370.3 10,652.1 1,281.8 6 Liabilities 75,119.7 78,482.5 3,362.7 7 Deposits and NCD 47,366.0 49,178.1 1,812.0 8 Borrowed money from trust account 3,492.2 3,274.2 (218.0) 9 Other liabilities 24,261.4 26,030.2 1,768.7 10 Total net assets 3,127.3 3,361.4 234.0 11 Total shareholders' equity 2,699.9 2,796.4 96.5 12 Total accumulated OCI 396.2 531.3 135.0 13 Minority interests, etc. 31.1 33.6 2.4 14 Net assets per share (BPS) (Yen) 4,354 4,769 414 15 Number of shares issued (mn shares) *1 710.9 697.7 (13.2) (Reference) 16 Loan-deposit ratio (SuMiTB) 68.5% 68.7% 0.2% 17 NPL ratio (SuMiTB)*2 0.3% 0.2% (0.1%) *1: Number of common shares issued (excluding treasury stocks) as of the end of the month above *2: Banking a/c and principal guaranteed trust a/c combined Mar. 25 Dec. 25 （left）
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5© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. (Yen bn) Change 1 Net business profit before credit costs *1 272.9 296.7 23.8 2 o/w SuMiTB*2 200.5 228.2 27.6 3 SuMiTAM 6.2 7.6 1.4 4 Amova Asset Management*3 12.8 15.6 2.8 5 SuMi TRUST Realty 6.8 7.6 0.7 6 SuMi TRUST Panasonic Finance*3 8.6 9.5 0.8 7 Sumitomo Mitsui Trust Bank (U.S.A.) 10.5 10.5 (0.0) 8 Sumitomo Mitsui Trust (Hong Kong) 2.9 2.9 0.0 9 SuMi TRUST Guarantee*3 8.3 8.1 (0.1) 10 SuMi TRUST Club*4 1.0 1.2 0.1 11 SBI Sumishin Net Bank 9.2 10.2 1.0 12 UBS SuMi TRUST Wealth Management 2.7 4.0 1.3 13 Net income*1 225.9 266.6 40.6 14 o/w SuMiTB*2 181.3 218.3 36.9 15 SuMiTAM 4.3 5.4 1.1 16 Amova Asset Management*3 8.9 11.2 2.2 17 SuMi TRUST Realty 4.7 5.4 0.7 18 SuMi TRUST Panasonic Finance*3*5 6.2 18.6 12.4 19 Sumitomo Mitsui Trust Bank (U.S.A.) 8.3 8.3 (0.0) 20 Sumitomo Mitsui Trust (Hong Kong) 2.4 2.4 0.0 21 SuMi TRUST Guarantee*3 5.8 5.9 0.1 22 SuMi TRUST Club*4 0.2 0.2 (0.0) 23 SBI Sumishin Net Bank 6.6 7.3 0.6 24 UBS SuMi TRUST Wealth Management 2.1 3.0 0.9 FY24 1-3Q FY25 1-3Q Profit by group company *1: Figures on the table above are contribution of group companies, which are substantive amount excluding consolidation adjustment that do not relate directly to the group companies’ business results. *2: Including dividends from group companies (1-3QFY24: ¥25.7bn, 1-3QFY25: ¥30.3bn, YoY change: ¥4.5bn) *3: Consolidated basis *4: Figures represent the combined results of the former Sumitomo Mitsui Trust Card and the former Sumitomo Mitsui Trust Club *5: The increase was mainly due to extraordinary gains from the Share transfer of North American railcar leasing business Breakdown of Net business profit before credit costs Breakdown of Net income
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6© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. (Yen bn) 1 Total 272.9 746.9 51.0 (450.2) 296.7 23.8 370.0 2 Wealth Management Business 32.8 182.7 14.1 (143.1) 39.6 6.7 44.0 3 SuMiTB 18.2 125.2 12.1 (101.3) 23.8 5.6 26.0 4 Other group companies 14.6 57.5 1.9 (41.7) 15.7 1.1 18.0 5 Corporate Business 132.7 233.3 17.6 (85.5) 147.7 14.9 173.0 6 SuMiTB 105.8 178.0 30.9 (47.6) 130.4 24.6 149.0 7 Other group companies 26.9 55.3 (13.2) (37.9) 17.3 (9.6) 24.0 8 Investor Services Business 61.7 123.8 (0.8) (66.5) 57.2 (4.4) 72.0 9 SuMiTB 42.6 68.9 (2.9) (29.7) 39.1 (3.4) 54.0 10 Other group companies 19.1 54.8 2.0 (36.7) 18.1 (1.0) 18.0 11 Real Estate Business 24.0 51.6 4.0 (24.8) 26.7 2.7 43.0 12 SuMiTB 16.6 27.6 2.2 (9.1) 18.4 1.8 32.0 13 Other group companies 7.3 23.9 1.7 (15.6) 8.2 0.9 11.0 14 Global Markets Business 32.7 60.3 12.1 (18.9) 41.4 8.6 51.0 15 SuMiTB 32.7 58.1 9.9 (18.8) 39.3 6.5 51.0 16 Other group companies - 2.1 2.1 (0.0) 2.0 2.0 - 17 Asset Management Business*2 19.5 80.6 7.1 (56.9) 23.6 4.1 27.0 FY24 1-3Q Net business profit before credit costs *1 FY25 1-3Q Net business profit before credit costs *1 FY25 Plan Net business profit before credit costs *1 Substantial gross business profit*1*3 Substantial G&A expensesChange Change Profit by business segment *1: Substantial gross business profit and net business profit include a part of non-recurring profit (net gains on stocks, net gains on stocks related derivatives and others) and adjust at total *2: Sum of Asset management companies (SuMiTAM (consolidated), Amova AM (consolidated), Sky Ocean AM, JP AM) *3: Including fees paid out for outsourcing
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7© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. Overview of profit (SuMiTB) (Yen bn) Change 1 Net business profit before credit costs 200.5 228.2 27.6 2 Gross business profit 431.3 482.4 51.1 3 Effective interest related earnings 253.6 275.3 21.7 4 o/w Dividend from subsidiaries * 25.7 30.3 4.5 5 158.2 177.8 19.5 6 19.6 24.0 4.3 7 Net trading profit 56.6 80.3 23.6 8 (37.0) (56.3) (19.2) 9 Net gains on bonds (8.1) 13.5 21.6 10 Net gains from derivatives 10.4 (7.2) (17.6) 11 General and administrative expenses (230.7) (254.2) (23.4) 12 Total credit costs (2.0) (2.7) (0.6) 13 Other non-recurring profit 49.7 54.0 4.3 14 o/w Net gains on stocks 63.8 79.4 15.5 15 Amortization of net actuarial losses 2.0 (5.7) (7.8) 16 Ordinary profit 248.2 279.5 31.2 17 Extraordinary profit (1.9) 25.2 27.1 18 Income before income taxes 246.3 304.7 58.4 19 Total income taxes (64.9) (86.3) (21.4) 20 Net income 181.3 218.3 36.9 Net gains on foreign exchange transactions (Excluding Profit attributable to deployment of surplus foreign currency funds) FY24 1-3Q FY25 1-3Q Net fees and commissions and related profit Net trading profit Net gains on foreign exchange transactions Change 21 Net fees and commissions and related profit 158.2 177.8 19.5 22 o/w Investment management consulting 33.8 37.1 3.2 23 Asset management/administration 61.7 61.1 (0.5) 24 Real estate brokerage 19.7 21.1 1.3 25 Stock transfer agency services 23.3 26.9 3.5 26 Inheritance related services 3.3 3.3 0.0 27 Corporate credit related 28.2 40.1 11.8 28 Net gains on bonds (8.1) 13.5 21.6 29 Domestic bonds (1.6) (0.5) 1.1 30 Foreign bonds (6.5) 14.0 20.5 31 General and administrative expenses (230.7) (254.2) (23.4) 32 Personnel expenses (97.8) (102.9) (5.1) 33 Salaries etc. (91.6) (95.1) (3.5) 34 Retirement benefit expenses 9.7 8.5 (1.2) 35 Others (15.9) (16.3) (0.3) 36 (123.4) (140.7) (17.2) 37 IT system related costs (49.3) (63.4) (14.0) 38 Others (74.0) (77.2) (3.1) 39 Taxes other than income taxes (9.4) (10.5) (1.0) Non-personnel expenses excluding taxes FY24 1-3Q FY25 1-3Q *: Offset and eliminated as intercompany transactions on a consolidated basis
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8© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. [Total credit costs] (Yen bn) 1H 1 SuMiTB (23.1) 3.6 (2.7) 2 General allowance for loan losses (9.4) 4.8 (5.0) 3 Specific allowance for loan losses (7.6) (0.6) 1.9 4 Recoveries of written-off claims 0.8 0.7 1.6 5 Losses on sales of claims, written-off (7.0) (1.3) (1.3) 6 Other group companies, etc. (1.4) (0.9) (1.2) 7 Total (24.6) 2.7 (4.0) [Non-performing loans (NPLs) based on Banking Act and Reconstruction Act] Banking a/c and principal guaranteed trust a/c combined (Yen bn) Coverage ratio*2 Allowance ratio*3 8 Total 76.2 76.2% 54.8% (9.3) 9 NPL ratio 0.2% --- --- (0.1%) 10 Bankrupt and practically bankrupt 8.0 100.0% 100.0% (4.9) 11 Doubtful 43.2 81.5% 67.1% (5.2) 12 Substandard 25.0 59.5% 16.6% 0.8 13 Loans past due 3 months or more - --- --- - 14 Restructured loans 25.0 --- --- 0.8 15 341.4 --- --- (56.4) 16 Assets to normal borrowers 33,968.9 --- --- 1,415.5 17 Grand total 34,386.6 --- --- 1,349.8 *1: Figures represent the combined results of the former Sumitomo Mitsui Trust Card and the former Sumitomo Mitsui Trust Club *2: (Collateral value after considering haircuts + allowance for loan losses) / Loan balance *3: Allowance for loan losses / (Loan balance - Collateral value after considering haircuts) Major factors (FY25/1-3Q) Assets to borrowers requiring caution(excluding Substandard) FY24 Dec. 25 FY25 1-3Q Change from Mar. 25 Total credit costs and Non-Performing Loans (NPLs) based on Banking Act and Reconstruction Act SuMi TRUST Club*1 ¥(0.8)bn SuMi TRUST Panasonic Finance ¥(0.7)bn Special loan loss provision of approx. ¥14.5bn (As of December 2025) Total Balance and ratio of NPL Downgraded: Approx. ¥(5.0)bn Upgraded: Approx. ¥2.0bn
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9© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. Loan/Investment： Credit portfolio (SuMiTB) FY24 FY25 FY25 (Yen bn) 1-3Q 1-3Q Change Initial Plan 1 Annual amount of new loans to individuals 505.2 353.0 (152.2) 500.0 2 Mortgage loans 438.6 271.0 (167.6) 400.0 Mar. 25 Dec. 25 Mar. 26 (Yen bn) Change Initial Plan 3 Outstanding of individual loans 10,834.7 10,583.7 (250.9) 10,500.0 4 Mortgage loans 10,159.3 9,888.0 (271.3) 9,600.0 ◼ Individual： Continue operations with a focus on capital efficiency. Decreased new execution amount and loan balance YoY ◼ Corporate: See corporate funding demand rise amid yen depreciation. Keep shifting to profitable product related lending Mar. 25 Dec. 25 Mar. 26 (Yen bn) Change*2 Initial Plan 5 Corporate lending (Yen) 10,717.7 11,377.3 659.5 11,300.0 6 Corporate lending (Foreign Currency) 2,988.4 2,818.4 (169.9) 2,800.0 7 Product related (Yen) 3,472.6 3,758.8 286.1 3,600.0 8 Product related (Foreign Currency) 5,477.0 6,268.0 790.9 6,000.0 9 Total balance of credit for corporates*1 22,655.8 24,222.6 1,566.8 23,700.0 10 Product related 8,949.7 10,026.8 1,077.1 9,600.0 Sum of Corporate Credit ¥24.2trn Corporate clients Individual clients Credit portfolio balance *1: Balance of equity investment(excluding strategic shareholdings) is approx. ¥740.0bn on Dec. 2025 *2: Impact of foreign exchange: Corporate lending (Foreign Currency) approx. ¥180.0bn, Product related (Foreign Currency) approx. ¥360.0bn
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10© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. 10BPV*7 Duration (years) *7 (Yen bn) Dec.25 Change from Mar. 25 Dec.25 Change from Mar. 25 19 JPY 14.6 6.0 2.1 0.5 20 Others*8 6.0 2.1 1.5 (0.5) (*2) (*3) （*1） Securities portfolio [Consolidated]*1 Costs (Yen bn) Dec. 25 Change from Mar. 25 Dec. 25 Change from Mar. 25 1 Available-for-sale securities 13,367.5 3,428.2 513.4 17.0 2 Japanese stocks 315.5 (45.9) 635.3 111.6 3 Japanese bonds 6,878.9 1,045.0 (151.3) (104.8) 4 Others 6,173.0 2,429.2 29.4 10.1 5 Held-to-maturity securities 452.5 268.0 (12.8) (15.6) [SuMiTB (Available-for-sale securities)]*1 6 Available-for-sale securities 13,048.1 3,271.4 517.8 12.6 7 Japanese stocks 300.4 (42.1) 650.3 107.8 8 Japanese bonds 6,878.9 1,045.0 (151.3) (104.8) 9 o/w Government bonds*2 6,182.0 1,060.7 (139.2) (101.7) 10 Others 5,868.7 2,268.5 18.8 9.6 11 Domestic investment 101.9 (2.0) 0.0 (0.1) 12 International investment 5,441.0 2,359.3 9.5 6.5 13 o/w US Treasury*3 2,093.7 313.6 10.7 7.4 14 Others (Investment trust, etc.) 325.7 (88.7) 9.1 3.2 15 o/w for hedging of strategic shareholdings*4 27.0 (114.4) (5.7) (0.2) [SuMiTB (Held-to-maturity securities)] 16 Held-to-maturity securities 452.5 268.0 (12.8) (15.6) 17 o/w Government bonds 408.2 291.7 (12.9) (15.7) 18 International investment 9.8 (18.3) 0.0 (0.0) Unrealized gains/losses *1: Not include stocks with no market price and investment partnership and others *2: Unrealized losses on Government bonds after adjusting PL from hedging transactions is ¥(38.7)bn *3: Unrealized losses on US Treasury after adjusting PL from hedging transactions is ¥(8.3)bn *4: TOPIX typed bear funds. Hedge ratio of strategic shareholdings: Approx. 4% Unrealized gains/losses of AFS securities with fair value*1 *5: SuMiTB Securities portfolio of Global markets*6 *6: Managerial reporting basis; "HTM securities" and "AFS securities" are combined *7: In the calculation of 10BPV and duration, investment balance hedging transactions were excluded *8: Total of securities denominated in USD, EUR and GBP
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11© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. *1 Reduction of strategic shareholdings ◼ The number of corporate clients with strategic shareholdings reduced to half of the March 2021 level. Expect to exceed ¥65bn of reduction through FY2025 ◼ Balance of strategic shareholdings (market value) vs consolidated total net assets rose to 44.7% due to favorable market conditions. Strategic shareholdings (cost basis) continue to decline steadily Dialogue with clients Market value and cost basis balance of strategic shareholdings (consolidated basis) Reduction (consolidated basis) Number of client companies (Mar.21) 870 *3: Including repurchased shares and some shares other than strategic shareholding as a conventional stable shareholder *4: Including deemed shares and unlisted shares Number of corporate clients of which we have strategic shareholdings 870 （Mar. 21） 430（Dec. 25） *1: Domestic Listed Stocks *2: Amount agreed to be sold during FY25 as of the end of Dec. 25 Market value balance of strategic shareholdings*3,4 ÷ Consolidated total net assets Market value balance of strategic shareholdings *3,4 Cost basis balance of Domestic Listed Stocks (Banking a/c)*3 approx. ¥20.0bn To be sold*2
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12© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. Net fees and commissions and related profit SuMiTB SuMiTG*1 (Yen bn) Change from FY24/1-3Q Change from FY24/1-3Q 1 Net fees and commisions and related profit 177.8 19.5 393.0 23.5 2 Investment trust and insurance sales 37.1 3.2 37.1 3.2 3 Card - - 33.1 1.0 4 Asset management / administration 61.1 (0.5) 176.7 6.0 5 Profit 93.1 0.0 199.8 5.8 6 Fees paid out for outsourcing (31.9) (0.5) (23.1) 0.1 7 Stock transfer agency services 26.9 3.5 47.8 3.7 8 Profit 41.8 5.2 47.8 3.7 9 Fees paid out for outsourcing (14.9) (1.6) - - 10 Real estate 27.2 1.8 51.1 3.5 11 Others (Loan arrangement fees, etc.) 25.3 11.4 47.1 5.8 12 Fee income ratio *2 36.8% 0.2% 52.6% (0.4%) *1: Figures are after eliminations of intra-group transactions *2: Net fees and commissions and related profit / Gross business profit FY25 1-3Q FY25 1-3Q Fee income ratio (SuMiTG)
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13© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. FY24 FY25 FY25 (Yen bn) 1-3Q 1-3Q Change Initial Plan 1 Income total 33.8 37.1 3.2 45.5 2 Sales fees of investment trust 0.6 1.9 1.3 3.0 3 Sales fees of insurance 6.8 5.6 (1.1) 7.5 4 Administration fees 26.3 29.4 3.0 35.0 FY24 FY25 FY25 (Yen bn) 1-3Q 1-3Q Change Initial Plan 5 Sales volume total 1,199.6 1,171.4 (28.2) 1,570.0 6 Investment trust 762.9 732.1 (30.8) 980.0 7 Fund wrap, SMA 206.5 216.8 10.2 290.0 8 Insurance 230.1 222.5 (7.6) 300.0 Mar. 25 Dec. 25 Mar. 26 (Yen bn) Change Initial Plan 9 Balance total 9,237.4 10,826.5 1,589.1 9,580.0 10 Investment trust 5,121.6 6,238.3 1,116.7 5,100.0 11 Fund wrap, SMA 1,598.5 1,926.1 327.6 1,800.0 12 Insurance 2,517.2 2,662.0 144.7 2,680.0 ◼ Income total increased by ¥3.2bn YoY to ¥37.1bn, mainly due to consistent increase in administration fees as the balance grows ◼ Balance total increased by ¥1.5trn from Mar. 2025 to ¥10.8trn, mainly due to growth of market value Fee business: Invest management consulting Income from marketing of investment products Sales volume / balance Income from marketing (quarterly) Balance
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14© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. (Yen trn) Change 1 Assets under management 140.6 170.2 29.5 2 SuMiTB*1 11.7 12.6 0.8 3 Private asset*2 8.8 9.6 0.8 4 SuMiTAM 93.9 114.5 20.6 5 Amova AM 34.9 42.9 8.0 - *2: AUM of Sumitomo Mitsui Trust Real Estate Investment Management are added from Sep. 24 and the past figures are reflected in this slide. Mar. 25 Dec. 25 *1: Not include duplicate amount from re-entrustment to SuMiTAM and Amova AM Fee business: Asset management/administration ◼ AUM increased by ¥29.5trn from Mar. 2025 to ¥170.2trn, mainly due to growth of market value ◼ Both domestic and overseas AUC increased due to growth of market value and the steady accumulation of contracts USD/JPY 133.54 151.42 149.48 148.79 156.50 TOPIX 2,003.50 2,768.62 2,658.73 3,137.60 3,408.97 Assets under management (AUM) Assets under custody/administration (AUC) [Domestic] (Yen trn) Change 6 Investment trust*3 106.7 121.9 15.1 7 Non investment trust*3 99.8 103.3 3.5 [Overseas] (USD 10bn) 8 Global custody*4 42.7 47.9 5.1 9 Fund administration 10.3 11.1 0.7 SuMi TRUST Bank (Lux.) *3: Entrusted balance of SuMiTB *4: Combined figures of SuMiTB, SuMi TRUST Bank (U.S.A) and Mar. 25 Dec. 25
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15© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. FY24 FY25 FY25 (Yen bn) 1-3Q 1-3Q Change Initial Plan 1 Real estate brokerage fees 40.6 43.5 2.9 66.0 2 SuMiTB 19.7 21.1 1.3 36.0 3 SuMi TRUST Realty 20.8 22.4 1.5 30.0 4 Real estate trust fees, etc. 5.6 6.1 0.5 8.0 5 Net other real estate profit 1.3 1.4 0.1 2.0 6 SuMiTB - - - - 7 Group companies 1.3 1.4 0.1 2.0 8 Total 47.5 51.1 3.5 76.0 9 o/w SuMiTB 25.3 27.2 1.8 44.0 Mar. 25 Dec. 25 (Yen bn) Change 10 Securitized real estate 29,990.3 32,080.4 2,090.0 11 Assets under custody from J-REITs 18,631.7 19,166.8 535.1 12 Assets under management 873.6 1,069.5 195.8 13 Private placement funds 581.3 776.1 194.8 14 J-REITs 292.3 293.4 1.0 Fee business: Real estate ◼ Corporate real estate brokerage: Increased by ¥1.3bn YoY to ¥21.1bn amid firm markets ◼ Retail real estate brokerage: Increased by ¥1.5bn YoY to ¥22.4bn, while maintaining strong performance Income (group base) Assets under management / administration Real estate brokerage fees (quarterly) *: Figures have been adjusted, including those for the previous fiscal year, due to a partial revision
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16© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. FY25/1-3Q Change from FY24/1-3Q Change from FY24/1-3Q Change from FY24/1-3Q 1 Effective interest related earnings 275.3 21.7 2 Domestic business 184.7 16.5 3 Interest-earning assets 54.90 2.97 0.89% 0.32% 371.9 146.7 4 o/w Loans and bills discounted 24.19 (0.60) 1.06% 0.31% 193.6 52.6 5 o/w Securities 7.12 2.15 1.67% 0.19% 90.0 34.4 6 Interest-bearing liabilities 54.28 2.71 0.48% 0.30% (199.6) (129.5) 7 o/w Deposits 30.42 0.34 0.37% 0.25% (85.0) (56.3) 8 o/w Borrowings from trust a/c 3.50 (0.34) 0.71% 0.21% (19.0) (4.3) 9 o/w Swaps --- --- --- --- (17.8) (16.1) 10 Trust fees from principal guaranteed trust a/c 12.4 (0.6) 11 International business 90.5 5.1 12 Interest-earning assets 24.54 1.96 3.16% (0.54%) 585.2 (45.7) 13 o/w Loans and bills discounted 8.31 0.04 4.97% (0.76%) 311.2 (46.0) 14 Due from banks 1.88 (0.25) 3.94% (0.96%) 55.8 (22.9) 15 o/w Securities 5.87 1.06 3.97% (0.61%) 176.0 10.1 16 Interest-bearing liabilities 24.59 2.45 4.22% (1.12%) (783.2) 108.8 17 o/w Deposits 7.86 0.46 3.47% (0.92%) (205.6) 39.3 18 o/w NCD / USCP 10.95 1.19 3.92% (1.06%) (324.1) 41.9 19 o/w Repo 3.00 0.62 4.13% (1.15%) (93.6) 0.8 20 o/w Expenses on swaps --- --- --- --- (69.4) 32.9 21 Profit attributable to deployment of surplus foreign currency funds 288.5 (57.9) 22 Loan-deposit spread / income in domestic business 0.69% 0.06% 108.5 (3.7) 23 Loan-deposit spread / income in international business 1.50% 0.16% 105.6 (6.6) (Average balance: Yen trn) (Income/Expenses: Yen bn) Average Balance Average Yield Income/ Expenses (Reference) Effective interest related earnings (SuMiTB) Domestic loan-deposit spread (YoY) International loan-deposit spread (YoY) *: Changes from FY24/1-3Q in “Effective interest related earnings” excluding dividends from subsidiaries: ¥17.2bn “Securities” include dividends from subsidiaries (1-3QFY24: ¥25.7bn, 1-3QFY25: ¥30.3bn, YoY change: ¥4.5bn). Dividends from subsidiaries are offset and eliminated as intercompany transactions on a consolidated basis
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17© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. approx. ¥2trn (Reference) Status of JPY balance sheet (SuMiTB) ◼ Stable funding structure mainly based on term deposits from individual clients ◼ Annual impact of 10bp policy rate hike on Net business profits is estimated approx. +¥6.0bn Impact of interest rate hike (estimate. As of January, 2026) Assumptions of FY25 (FY25 impact over FY24) Sensitivity Impact (Net business profit) + approx. ¥14.0bn Per 10bp increase in Policy rate + approx. ¥6.0bnBreakdown/ Premise ◼ Premise Policy rate increased to 75bp in Dec. 25 ◼ Mainly client deposits impacts Deposits Loans *1: Managerial reporting basis. Deposits and trust principal, excluding negotiable deposits *2: Current deposits include liquid deposits, separate deposits, non-resident yen deposits, etc. *2 approx. 25％ approx. 75％ approx. 25％ approx. 35％ approx. 40％ JPY balance sheet (as of Dec. 25) Breakdown of Loans and Deposits (as of Dec. 25) Deposits*1 approx. ¥33trn About 50% is 1 year or longer term deposits Others *1 Negotiable deposits Loans approx. ¥25trn JGB approx. ¥6trn BOJ deposits approx. ¥20trn Others
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18© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. Profit attributable to deployment of surplus foreign currency funds (Reference) Status of foreign currency balance sheet (SuMiTB) • Decreased gross funding costs and investment profits due to a narrowing interest rate differential although trade volume increased. Net profit was declined ◼ Medium- to long-term and stable funding covers core investments, while liquidity risk is controlled through conservative management ◼ Funds sourced through the NCD/USCP markets are categorized as contingent funding buffer, and are utilized as short-term operations such as interbank placement or market deployment of surplus foreign currency Foreign currency Balance sheet (as of Dec. 25) Profit structure of market deployment of surplus foreign currency (FX Swap) Net zero *: The contents are simplified to promote understanding the structure of the operations, although actual profitability of market placement of surplus foreign currency changes depending on market environment. Figures show gross profits as sum of basis swap spread factor and interest gap factor. Funding costs are estimated by Bloomberg Short-term Bank Yield Index （BSBY）until FY24/2Q and by USCP rate from FY24/3Q. JPY Investment yield is nearly unsecured Overnight Call Rate Basis swap spread factor Interest rate gap factor Funding cost of foreign currency - JPY Investment profit Foreign currency funding (NCD/USCP, etc.) Market deployment of surplus foreign currency Posted “Net other operating profit” Funds transaction Posted “Net interest income and related profit” JPY investment Foreign currency investment JPY funding FX market Money market BOJ deposits, etc. ＜Basis swap spread factor＞ Stable demand of USD observed even though it depends on market fluctuations FX Swap ＜Interest rate gap factor＞ Gap between foreign currency funding costs and JPY investment yield Medium-long term funding CCS/Senior bond, etc. USD 28.8 bn NCD/USCP USD 77.0 bn Stable funding Client deposits, Repo utilizing client assets, Deposits from central banks, etc. USD 49.1 bn Repo USD 16.8 bn Core investment Loans Credit securities USD 63.3 bn Bond investments USD 29.6 bn Profit attributable to deployment of surplus foreign currency funds etc. FX Swap etc. USD 64.2 bn Net I/B depo, etc. USD 14.6 bn Profit attributable to deployment of surplus foreign currency funds* （Yen bn）
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19© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. (Reference) Real Estate Brokerage Market Trends ◼ Tenant commitments are progressing steadily for buildings scheduled for completion in 2028–2029, with limited vacancies and upward pressure on rents. ◼ Market sentiment continues to improve ◼ Remain stable ◼ Rents reflect wage growth with the impact spreading beyond the metropolitan area to surrounding areas ◼ Monitor the impact of declining inbound tourism ◼ Upward trend in transactions involving leasehold land ◼ Efforts to realize gains on hotel assets acquired during the COVID-19 pandemic 2Q Office Logistics facilities Data Centers Retail facilities Hotels Rental housing ◼ Demand for small-scale and collective investment in prime real estate remains strong ◼ Growing interest in higher-return investments (such as value-added investments) as interest rates rise Trends by client typeTrends by type of asset Corporations Overseas investors Domestic investors FY25 3Q FY25 ◼ Demand for housing purchase remains steady, despite of concern over rising interest rates ◼ Demand for investment properties among wealthy individuals remains strong Individuals ◼ Abundant dry powder While concerns over rising interest rates persist, capital continues to flow into the Japanese market, supported by low interest rates and limited geopolitical risk ◼ Maintain the intention of selling large properties and reinvesting in other domestic properties ◼ Continue reassessing assets to improve capital efficiency, prompted by shareholder proposals ◼ Office relocation demand, including for headquarters, remains resilient, driven by recruitment and branding considerations ◼ Weak rents in some areas due to oversupply in FY24 ◼ New development deals have declined due to rising construction costs. Expect improvement of future supply-demand balance Retail facilities Hotels Data centers Logistics (development prime) Logistics (in operation)
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20© 2026 SUMITOMO MITSUI TRUST GROUP, INC. All rights reserved. Upward revision of earnings forecasts for FY2025 (breakdown) *: SuMiTB includes dividends from subsidiaries (FY24(actual) :¥62.0bn, FY25(forecast) :approx.¥34.0bn) Other group companies includes offset elimination of transaction between group companies related above dividends (FY24(actual): ¥(62.0)bn, FY25(forecast): approx. ¥(34.0)bn) (Yen bn) 1 Net business profit before credit costs 362.0 370.0 + 7.9 - 2 SuMiTB 288.9 290.0 + 1.0 - 3 Substantial gross business profit 934.2 975.0 + 40.7 - 4 SuMiTB 601.1 630.0 + 28.8 - 5 Other group companies 333.0 345.0 + 11.9 - 6 Substantial G&A Expenses (572.1) (605.0) (32.8) - 7 SuMiTB (312.2) (340.0) (27.7) - 8 Other group companies (259.9) (265.0) (5.0) - 9 Total credit costs (24.6) (20.0) + 4.6 + 10.0 10 Net gains on stocks 81.4 80.0 (1.4) + 10.0 11 Other non-recurring profit (51.1) (55.0) (3.8) - 12 Ordinary profit 367.6 375.0 + 7.3 + 20.0 13 Net income 257.6 295.0 + 37.3 + 15.0 14 SuMiTB 239.5 245.0 + 5.4 + 15.0 15 Dividend per common share (Yen) 155 170 + 15 + 10 Change from FY24 Change from initial forecast FY24 Actual FY25 Forecast