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Having acquired a reputation for product development after launching many innovative new products like car trusts, pension trusts, and land trusts, it was natural for Sumitomo Trust & Banking to engage in management with an acute awareness of corporate social responsibility (CSR). In addition to quarter of a century of assisting public services including academic research and welfare activities through public trusts, in 2003 the company launched Japan’s first socially responsible investment (SRI)-type corporate pension funds in an alliance with Japan Research Institute, a member of the Sumitomo Group.
The waves of financial restructuring are pushing aside boundaries between business categories and corporate groups. Against this background, Sumitomo Trust & Banking is well positioned to continue its development as a provider of true wealth as an organization that serves society through asset management.
Preparation of this article was overseen and photos provided by the Sumitomo Shi-ryo-kan and Sumitomo Trust & Banking.
CORPORATE DATA (as of March 31, 2004)
| FOUNDED |
1925 |
| PAID-IN CAPITAL |
 287,0 billion |
| EMPLOYEES |
6,850 (consolidated), 5,008 (non-consolidated) |
HISTORIC MILESTONES
| 1925 |
Established as The Sumitomo Trust Company Limited |
| 1948 |
Renamed The Fuji Trust & Banking Co., Ltd. |
| 1952 |
Renamed The Sumitomo Trust & Banking Co., Ltd. |
| 1952 |
Began loan trust business |
| 1957 |
Developed and set up first car trust in Japan |
| 1962 |
Relocated headquarters to Sumitomo Building |
| 1962 |
Developed and set up first tax-qualified pension trust in Japan |
| 1974 |
Opened London branch |
| 1977 |
Set up first public trust in Japan |
| 1984 |
Developed and set up first land trust in Japan |
| 1989 |
Stock listed on London Stock Exchange |
| 1996 |
Began selling Triple, a floating interest rate deposit account |
| 1998 |
Began over-the-counter sales of mutual funds |
| 1999 |
Began ATM online alliance with Postal Savings |
| 2000 |
Established Japan Trustee Services Bank, Ltd. together with The Daiwa Bank, Ltd. |
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Love Letters at 60
The “Love Letters at 60” campaign sought heartwarming true stories of married couples that have shared life’s ups and downs for many years. Sumitomo Trust & Banking used the campaign to publicize a range of products and services that meet the needs of people in their 60s enjoying their retirement. |
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Business model
Sumitomo Trust & Banking’s basic management policy is to enhance corporate value as a unique and independent bank featuring asset management and information processing services, making full use of its strengths in sophisticated investment management and precise operation in its profitable core banking business. |
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