News & Insights

The Worldfolio sits down with Yoshio Hishida (President & CEO), Mototsugu Oota (Head of REIT Team) and Masumi Ishida (Chief Fund Manager) to discuss the advantages brought about by this merger, Japan’s booming REIT market and the vision of SMTAM for its future.

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).

The revised Immigration Control and Refugee Recognition Act was enacted by the Diet in December 2018 to expand the number of foreign workers. The Japanese government will establish a new residency qualification which officially enables foreign workers to be engaged in unskilled labour in order to deal with the serious labour shortage. This month, we take a look at the revised Immigration Act in more detail and consider what the impact may be for the Japanese economy.