Sumitomo Mitsui Trust (TYO:8309) net income attributable to owners of the parent climbed 29% to 171.3 billion for the fiscal first half from 132.8 billion a year earlier.

The financial holding company's net income per share rose to 242.55 yen from 184.69 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Ordinary income increased 3.0% to 1.375 trillion yen in the six months ended Sept. 30 from 1.335 trillion in the year-ago period.

It declared an interim dividend of 80.00 yen per share, payable from Nov. 27.

In a separate filing, Sumitomo Mitsui Trust raised its earnings and dividends forecast for the fiscal year ending March 31, 2026, as its performance is expected to exceed previous estimates.

It now projects attributable net income of 295 billion yen from 280 billion yen initially, and net income per share of 418.49 yen from 390.78 yen.

The company raised its year-end dividend forecast to 90.00 yen per share from 80 yen.