Resona's Results in Line, but Recent Share Price Performance Has Been Irregular
Resona's net profit of JPY 175 billion for the period ended March 2019 was in line with our forecast of JPY 174 billion, and its JPY 160 billion guidance for March 2020 is above our previous forecast and consensus. The company left its dividend unchanged at JPY 21 per share after having increased it by JPY 1 in the just-ended year, but it announced a JPY 10 billion share buyback (1.0% of shares outstanding at the current price).Resona faces pressure to prevent its top line from shrinking as ban...
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.
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