trending Market Intelligence /marketintelligence/en/news-insights/trending/gwo6kqoui8luxxktuqrdja2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Resona Holdings posts YOY rise in fiscal-year profit

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Resona Holdings posts YOY rise in fiscal-year profit

Resona Holdings Inc. posted a 46.3% year-over-year increase in net income for the fiscal year ended March 31.

The Japanese company's net income attributable to owners of the parent rose to ¥236.25 billion from ¥161.49 billion in the prior-year period, which it attributed to a decline in income tax. Basic EPS for the period came to ¥100.51, up from ¥66.89.

The S&P Capital IQ consensus GAAP EPS estimate for the fiscal year was ¥101.66.

Ordinary profits for the period slipped to ¥217.78 billion from ¥226.28 billion, while ordinary income also inched down to ¥742.93 billion from ¥757.96 billion.

Interest income declined to ¥368.36 billion from ¥377.91 billion, while fees and commission income rose to ¥149.42 billion from ¥142.71 billion.

The company reported a fall in credit expenses for the fiscal year to ¥14.75 billion from ¥17.45 billion in the prior year.

Net income at the company's three banking units — Resona Bank Ltd., Saitama Resona Bank Ltd. and Kinki Osaka Bank Ltd. — went up to ¥206.57 billion from ¥143.56 billion in the year-ago period.

Resona Bank's net income came to ¥156.85 billion, up from ¥101.35 billion, while Saitama Resona Bank posted net income of ¥40.15 billion, up from ¥34.71 billion. Kinki Osaka Bank's net income also rose to ¥9.57 billion from ¥7.50 billion a year earlier.

The three bank units' nonperforming loan ratio was 1.18% at March 31, down from 1.35% a year earlier.

As of March 31, Resona Holdings' consolidated capital adequacy ratio was 10.65%, compared to 11.69% at the end of March 2017.

Resona Holdings' board declared a higher final dividend of ¥10, from ¥9.50 for the same period last year. Together with an interim dividend of ¥10, the company's total dividend came in at ¥20, up from ¥19 in the prior financial year.

The company expects net income for the fiscal half ending Sept. 30 of ¥113 billion, or ¥48.81 per share, while it expects to report a 15.3% year-over-year decline in net income for the full year to March 31, 2019, to ¥200 billion. The company also plans to raise the total dividend to ¥21.

As of May 10, US$1 was equivalent to ¥109.58.