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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sumitomo Mitsui Trust Holdings, Inc.    8309   JP3892100003

SUMITOMO MITSUI TRUST HOLDINGS, INC.

(8309)
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Japan financial regulator orders two banks to report on vote count errors, Nikkei says

09/30/2020 | 12:02am EST

Japan's financial regulator has ordered two trust banks to report details of vote-counting problems at shareholder meetings, the Nikkei said on Wednesday, after the banks revealed counting errors at more than 1,300 firms.

The Financial Services Agency has urged Sumitomo Mitsui Trust Bank and Mizuho Trust to take preventive steps, the Nikkei said, without citing sources.

The two banks said this month they found vote-counting problems at 1,346 companies that entrusted them with counting shareholder mail-in votes for annual general meetings.

Sumitomo and Mizuho declined to comment.

The banks attributed the miscounts to procedures during the peak season for such meetings, saying they usually ask the post office for delivery a day earlier to ensure more time to count the forms.

But they do not issue receipts until the day after delivery, meaning that some forms were mistakenly categorised as having passed the deadline despite delivery on time, according to the banks.

(Reporting by Takashi Umekawa; Editing by Tom Hogue and Clarence Fernandez)


© Reuters 2020
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Financials
Sales 2021 668 B 6 414 M 6 414 M
Net income 2021 145 B 1 395 M 1 395 M
Net Debt 2021 - - -
P/E ratio 2021 8,17x
Yield 2021 4,75%
Capitalization 1 199 B 11 522 M 11 511 M
Capi. / Sales 2021 1,79x
Capi. / Sales 2022 1,75x
Nbr of Employees 3 665
Free-Float 74,7%
Chart SUMITOMO MITSUI TRUST HOLDINGS, INC.
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Sumitomo Mitsui Trust Holdings, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends SUMITOMO MITSUI TRUST HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 4 133,21 JPY
Last Close Price 3 200,00 JPY
Spread / Highest target 105%
Spread / Average Target 29,2%
Spread / Lowest Target -6,25%
EPS Revisions
Managers
NameTitle
Tetsuo Ohkubo President & Representative Director
Akihiko Shirayama Head-Operations
Tadashi Nishimura Head-Financial Planning
Hitoshi Tsunekage Director
Kunitaro Kitamura Director
Sector and Competitors
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