Report
Michael Makdad
EUR 100.00 For Business Accounts Only

Resona Company Report

After having achieved 61% of its full-year net profit guidance of JPY 200 billion in the first two quarters, Resona reported a poor third fiscal quarter, with annualized return on equity of only 3.6% for the October-December period, bringing its guidance achievement rate to 71% with one quarter left to go. The primary driver of the profit weakness was a JPY 16.8 billion loss on debt securities, including futures. 
Still, performance in Resona's customer segments was reasonably good, with continu...
Underlying
Resona Holdings Inc.

Resona Holdings is a holding company engaged in the management and supervision of banking and other subsidiaries as well as other ancillary activities. As of Mar 31 2017, Co. has total assets of 48,456,133 million. The Resona Group is a financial group comprising three banks (Resona Bank, Ltd., Saitama Resona Bank, Ltd. and The Kinki Osaka Bank, Ltd.) controlled by Co. Co., through its subsidiaries and associated companies, is engaged in the provision of financial services, including banking, trust operation, credit card services, venture capital business, factoring service and investment trust entrusted business.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Makdad

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