Resona Holdings Inc. posted a 0.3% year-over-year decline in net income for the nine months ended Dec. 31, 2016.
The group said Jan. 31 that net profit attributable to shareholders dropped to ¥129.81 billion, or ¥54.04 per basic share, from ¥130.14 billion, or ¥54.17 per basic share, in the year-ago period.
Ordinary income for the period fell to ¥581.47 billion from ¥587.24 billion, while ordinary profits declined to ¥179.87 billion from ¥185.37 billion. Interest income dropped to ¥300.12 billion from ¥331.37 billion, while fees and commissions slipped to ¥145.28 billion from ¥147.60 billion in the year-ago period.
The company's three banking units — Resona Bank Ltd., Saitama Resona Bank Ltd. and Kinki Osaka Bank Ltd. — contributed a total net income of ¥114.56 billion, down from ¥115.33 billion in the prior-year period.
Total ordinary profit of the three banks declined to ¥156.72 billion from ¥163.32 billion in the prior-year period.
As of Dec. 31, 2016, the three banks' nonperforming loan ratio stood at 1.42%, down from 1.51% as of March 31, 2016, and from 1.55% as of Dec. 31, 2015.
As of Jan. 30, US$1 was equivalent to ¥113.84.