Every line of the income statement grew by double digits
Resona Holdings, Inc. (TSE: 8308) published consolidated results for the three months to June 30, 2026 on July 31, 2026 under Japanese GAAP. Ordinary income — the top line for a Japanese bank — rose 20.0% to ¥359,982 million, on top of a 19.6% rise in the year-earlier quarter. Ordinary profit rose 19.3% to ¥116,203 million and net profit attributable to shareholders of the parent rose 14.2% to ¥80,526 million, for earnings per share of ¥35.79 against ¥30.77.
Comprehensive income rose furthest, up 43.4% to ¥159,036 million — roughly double the net figure, and a reminder that for a bank of this size the valuation of the securities portfolio can move the widest income measure more than the quarter's banking operations do.
A balance sheet of ¥77 trillion
Total assets rose 0.9% to ¥77,007,779 million from the March 31, 2026 year-end — ¥77.0 trillion — and net assets rose 3.6% to ¥3,034,423 million. The equity ratio shown here edged up to 3.9% from 3.8%; note that this is total net assets less share acquisition rights and non-controlling interests, divided by total assets, and is not the regulatory capital adequacy ratio defined by Japan's capital-adequacy notification.
The share count tells its own story: 2,307,136,666 shares were issued at quarter-end, unchanged, while treasury shares rose to 63,363,220 from 54,275,208 at the March year-end — the group bought back roughly 9.1 million shares during the quarter. The weighted average share count fell to 2,249,882,457 from 2,292,154,174, which is part of why earnings per share grew faster (16.3%) than net profit (14.2%).
A target, not a forecast — and it has been revised
Resona is unusual among listed Japanese banks in publishing a consolidated performance target rather than a forecast. The company explains that because the group offers credit-card, leasing and other financial services alongside banking and trust operations, and because external uncertainty keeps increasing, it presents a target in place of an earnings forecast. That target for FY3/2027 is net profit attributable to shareholders of ¥330,000 million, up 27.6%, with earnings per share of ¥146.97.
The target has been revised from the one published on May 12, 2026, in light of results through the first quarter; the detail is set out in a separate disclosure issued the same day. The annual dividend forecast is unchanged at ¥37.00 — ¥18.50 interim and ¥18.50 at year-end — against ¥29.00 paid for FY3/2026, a 27.6% increase that matches the growth rate in the net-income target. With ¥80,526 million earned in the first quarter, 24.4% of the ¥330,000 million target is already in hand.
| Metric | Q1 FY3/2027 | Q1 FY3/2026 | Change |
|---|---|---|---|
| Operating revenue (¥ million) | 359,982 | 300,108 | +20.0% |
| Ordinary profit (¥ million) | 116,203 | 97,401 | +19.3% |
| Net profit attrib. to owners of parent (¥ million) | 80,526 | 70,530 | +14.2% |
| Comprehensive income (¥ million) | 159,036 | 110,916 | +43.4% |
| EPS (¥) | 35.79 | 30.77 | +16.3% |
| Total assets (¥ million) | 77,007,779 | 76,297,892 | +0.9% |
| Net assets (¥ million) | 3,034,423 | 2,928,363 | +3.6% |
| Equity ratio | 3.9% | 3.8% | +0.1 pt |
| FY3/2027 target — net profit attrib. to owners of parent (¥ million) | 330,000 | — | +27.6% |
| FY3/2027 target — EPS (¥) | 146.97 | — | — |
| Annual dividend per share (¥) | 37.00 | 29.00 | +27.6% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.