Sumitomo Mitsui Trust Holdings, Inc. provided earnings guidance for the fiscal 2021. Net business profit is expected to be at the level assumed in the medium-term management plan. Gains on sales of strategic shareholdings will be used to offset the realization of unrealized losses on hedging transactions. As a result, net business income is expected to remain at JPY 155 billion, a recovery of about JPY 13 billion from the previous year.