News & Insights

Sumitomo Mitsui Trust Asset Management Co., Ltd. has agreed to collaborate with Legal & General Investment Management, a subsidiary of the Legal & General Group, a major U.K. life insurer, on ESG activities.

1. Earnings forecast for FY 2019 2. From Heisei to Reiwa - assuming the challenges and the legacy May 2019 marks the start of a new era, Reiwa. The 30 years of Heisei left Japan with heavy tasks and issues both in economic and corporate management. But looking back, it has not been all about the “lost” and “strayed”. The Heisei era displayed Japan’s economic endurance, tenacity and flexibility. It also made “new gains” and “held its own” during the era.

TOPIX ended April up 1.65% on March end. With little news coming from the domestic market, there continues to be a wait-and-see attitude towards FY2018 earnings results and starting from late-April, FY 2019 earnings guidance announcements.

Tokyo Stock Exchange is considering a tougher standard for listed companies in the 1st Section. The new standard will slash the number of listed companies. In this report, we will talk about TSE review, Japanese market outlook, and stock picks.

In this month’s report we describe our Economic Outlook for FY 2019. SuMi TRUST has updated its real GDP forecast for Japan for the next fiscal year ending March 2020 (FY 2019). Finally, we will introduce capital expenditures related companies that SuMi TRUST is paying close attention to.

SuMi TRUST has updated its operating profit forecast for the Nikkei 225 for the current fiscal year ending March 2019 (FY2018) and the next fiscal year ending March 2020 (FY2019).