SBI Sumishin Net Bank, Ltd. (E26990) Stock Price

Sumitomo Mitsui Trust Bank has three main business segments. First, the "Digital Banking Business" provides financial services including deposit operations, lending operations, and debit card services through mobile apps and the internet. This segment includes Yuryo Housing Loan Corporation.

Second, the "BaaS (Banking as a Service) Business" operates the "NEOBANK®" service, which provides banking functions to partner companies. This service delivers banking services integrated with partner companies' customer offerings, supporting seamless user experience. Related companies include Dayta Consulting Inc. and NEOBANK Services Inc.

Finally, the "THEMIX Business" conducts non-financial operations including data marketing and advertising using customer-consented data, forestry and forestry policy digitalization, and carbon credit support services. This segment includes THEMIX Data Inc. and THEMIX Green Inc.

Sumitomo Mitsui Trust Bank SBI Net Bank positions technology enhancement and alliance expansion as core growth strategies. Through these initiatives, the company aims to create innovative business models and develop new products, improving customer convenience and satisfaction while pursuing further growth. The company is also leveraging cutting-edge technologies such as generative AI to enter new business domains.

The company's medium-term management plan targets the fiscal year ending March 2025, with targets set for profit metrics, financial indicators, and key performance indicators across major business segments. Specifically, the company has established numerical targets for gross operating profit, ordinary profit, and ROE, with growth driven through achievement of these goals. The company is particularly focused on expanding its digital banking and BaaS businesses.

In digital banking, the company is advancing mortgage application process reforms and developing new products to enhance customer convenience. It is also working to expand assets under management from wealth-building customer segments and increase non-interest income. In corporate transactions, the company is expanding its product and service offerings and reviewing its fee structure to drive revenue growth.

In the BaaS business, the company is strengthening partnerships and promoting the acquisition of active accounts with focus on revenue per account. Through increased dedicated branch accounts from partners, the company aims to grow account fees and achieve rapid business expansion. The company is also establishing a Win-Win-Win business model that delivers value distinct from traditional banking.

In the THEMIX business, the company operates a financial data platform business utilizing customer data obtained with consent. This expands non-financial services and secures new revenue streams. Through these strategies, Sumitomo Mitsui Trust Bank SBI Net Bank pursues sustainable growth.