Business Description
Resona Holdings is the parent of Resona Bank, Saitama Resona Bank and Kansai Mirai Financial Group. Unlike the megabanks it has no large overseas or investment-banking arm; earnings come from mortgages, small and mid-sized corporate lending, and a fee business in trust services, asset management and real estate that is unusually large for a Japanese commercial bank.
The group received a ¥1.96 trillion public capital injection in 2003 after an auditor forced a writedown of its deferred tax assets — one of the defining moments of Japan's banking crisis — and spent the following fifteen years repaying it, completing the process in 2015. That history shaped an emphasis on cost discipline and fee income over balance-sheet size. The holding company was established in 2001.
Corporate Data
| Ticker | 8308 |
|---|---|
| Exchange | Tokyo Stock Exchange |
| Size Category | TOPIX Large70 |
| Market Segment | Prime Market |
| Sector | Banks |
| Head Office | 1-5-65 Kiba, Koto-ku, Tokyo 135-8582, Japan |
| Founded | December 12, 2001 |
| Fiscal Year End | March 31 |
| Website | Official website |