Financial Results for 3QFY2025

January 30, 2026

Stock exchange listings: Tokyo and Nagoya (Code: 8309)

URL: https://www.smtg.jp/english

Representative: Toru Takakura, Director, President (CEO)

Contact: Masanori Watanabe, Managing Executive Officer, General Manager of Financial Planning Department TEL +81-3-3286-8354

Dividend payment date: -

Trading accounts: Established

Explanatory material: Prepared

Briefing on financial results: Not scheduled

(Amounts less than one million yen are rounded down.)

1. Consolidated Financial Results (for the Nine Months Ended December 31, 2025)

   1. Operating Results (%: Changes from the same period in the previous fiscal year)

      	Ordinary Income		Ordinary Profit		Net Income Attributable to Owners of the Parent
      Nine Months Ended	Millions of Yen	%	Millions of Yen	%	Millions of Yen	%
      December 31, 2025	2,111,247	1.6	329,642	5.5	266,673	18.0
      December 31, 2024	2,077,963	16.9	312,581	460.3	225,990	358.6

      (Note) Comprehensive Income: Nine months ended December 31, 2025 ¥404,846 million, 205.1%

      Nine months ended December 31, 2024 ¥132,712 million, (50.6)%

      	Net Income per Share of Common Stock	Fully Diluted Net Income per Share of Common Stock
      Nine Months Ended	Yen	Yen
      December 31, 2025	378.37	378.17
      December 31, 2024	314.61	314.43

   2. Financial Position

   	Total Assets	Net Assets	Net Assets to Total Assets Ratio
   As of December 31, 2025 March 31, 2025	Millions of Yen 81,843,964 78,247,102	Millions of Yen 3,361,411 3,127,317	% 4.1 4.0

   (Reference) Shareholders' Equity: As of December 31, 2025

   As of March 31, 2025

   ¥ 3,327,777 million

   ¥ 3,096,168 million

   (Note 1) Net Assets to Total Assets Ratio = (Net Assets − Subscription Rights to Shares − Non-Controlling Interests) / Total Assets

   The above Net Assets to Total Assets Ratio is different from the capital adequacy ratio prescribed in the notification of the Financial Services Agency with respect to the capital adequacy ratio.

   (Note 2) Shareholders' Equity = Total Shareholders' Equity + Total Accumulated Other Comprehensive Income.

2. Cash Dividends per Share of Common Stock

   	Cash Dividends per Share of Common Stock
   	1st Quarter-End	2nd Quarter-End	3rd Quarter-End	Fiscal Year-End	Total
   Fiscal Year Ended March 31, 2025 Ending March 31, 2026	Yen - -	Yen 72.50 80.00	Yen - -	Yen 82.50	Yen 155.00
   Ending March 31, 2026 (Forecast)				90.00	170.00

   (Note 1) Revision of latest announced estimates for cash dividends per share of common stock: None

   (Note 2) Breakdown of dividend for the fiscal year ended March 31, 2025: ordinary dividend ¥145; commemorative dividend ¥10.

3. Consolidated Earnings Forecast (for the Fiscal Year Ending March 31, 2026)

(%: Changes from the previous fiscal year)

(Note) Revision of latest announced forecast of consolidated earnings: None

*Notes

1. Significant Changes in the Scope of Consolidation during the Nine Months Ended December 31, 2025: Yes

   Included: ― (―)

   Excluded: 2 companies L&F Asset Finance, Ltd. and Sumitomo Mitsui Trust Club Co., Ltd.

2. Specific Accounting Treatments for the Preparation of the Quarterly Consolidated Financial Statements: Yes

   (For further details, please refer to "(3) Notes to the Quarterly Consolidated Financial Statements" on page 7 of Accompanying Materials.)

3. Changes in Accounting Policies, Changes in Accounting Estimates, and Restatements

   1. Changes in accounting policies due to the revision of accounting standards: None

   2. Changes in accounting policies other than 1) above: None

   3. Changes in accounting estimates: None

   4. Restatements: None

   As of December 31, 2025	705,385,780 shares	As of March 31, 2025	721,355,380 shares
   As of December 31, 2025	7,644,103 shares	As of March 31, 2025	10,396,037 shares
   For the nine months ended December 31, 2025	704,800,940 shares	For the nine months ended December 31, 2024	718,325,643 shares

4. Number of Shares Issued (Common Stock)

1. Number of shares issued (including treasury stock):

2. Number of treasury stock:

3. Average number of outstanding issued shares:

Review procedures performed by certified public accountants or an audit firm for the attached quarterly consolidated financial statements: None

Explanation Concerning the Appropriate Use of the Forecasts for Results of Operations and Other Special Matters

The forecasts for results of operations presented in the consolidated financial results for the nine months ended December 31, 2025, are based on information currently available to, and certain reasonable assumptions made by, Sumitomo Mitsui Trust Group, Inc. ("the Company"). Moreover, the Company does not guarantee the achievement of these forecasts, and actual results may differ significantly from the forecasts due to various factors. Please refer to the most recent relevant materials, including securities report, annual report, and other presentations disclosed by the Company and its group companies, for further information that could significantly influence the Company's financial position and operating results, as well as investment decisions by investors.

[Accompanying Materials]

Table of Contents

1. Operating Results for the Nine Months Ended December 31, 2025 2

2. Quarterly Consolidated Financial Statements and Notes to the Quarterly Consolidated Financial Statements

   . 3

   1. Quarterly Consolidated Balance Sheets 3

   2. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income 5

      Quarterly Consolidated Statements of Income 5

      Quarterly Consolidated Statements of Comprehensive Income 6

   3. Notes to the Quarterly Consolidated Financial Statements 7

(Notes on Going Concern Assumptions) 7

(Notes on Significant Changes in Total Shareholders' Equity) 7

(Specific Accounting Treatments for the Preparation of the Quarterly Consolidated Financial Statements) 7

(Notes on Segment Information) 8

(Notes on Statements of Cash Flows) 9

1. ‌Operating Results for the Nine Months Ended December 31, 2025

   Operating Results is disclosed in the "(For reference) Summary of Financial Results for 3QFY2025," on the

   Company's website.

   URL: https://www.smtg.jp/english/investors/report/fs

   *Please refer to "Fiscal Year 2025 3rd Quarter" on the website above.

2. ‌Quarterly Consolidated Financial Statements and Notes to the Quarterly Consolidated Financial

‌(1) Quarterly Consolidated Balance Sheets

(Millions of Yen)

As of As of

March 31, 2025 December 31, 2025

(Continued)