Sumitomo Mitsui Trust's (TYO:8309) net income attributable to owners of the parent increased by 23% to 317.6 billion yen for the fiscal year 2025 from 257.6 billion yen a year earlier.

The financial services company's earnings per share increased to 451.56 yen from 359.37 yen a year ago, according to a Tokyo bourse filing on Thursday.

Ordinary income rose 2.1% to 2.984 trillion yen for the year ended March 31 from 2.922 trillion yen in the prior year.

It declared a final dividend of 105 yen per share, payable from June 22.

For the fiscal year 2026, the company expects attributable net income of 380 billion yen and net income per share of 135.16 yen.

Sumitomo Mitsui Trust plans to pay interim and year-end dividends of 23.75 yen per share for the year.