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Message from the Management

Message from the Management

Thank you for your support and patronage of the Resona Group.

I would like to begin by expressing on behalf of the Resona Group our heartfelt sympathies to those affected by the number of natural disasters that have struck Japan.

For the First Half of FY2019, Resona Holdings recorded 76.9 billion yen in net income attributable to owners of the parent, which is on par with the interim target of 76 billion yen. Although net interest income from loans and deposits declined owing to the low interest rate environment, generally this figure is in line with the forecast. Net gains on bonds exceeded the forecast. Operating expenses declined year on year and versus the budget from ongoing efforts to achieve low cost operations.

Furthermore, as of September 30, 2019, our non-performing loan (NPL) ratio was at 1.13% and our capital adequacy ratio stood at 11.2%, with both remaining at sound levels.

Turning to dividends, we offered an interim dividend of 10.5 yen per share of common stock, which is the same as last year and exactly as forecast at the beginning of the fiscal year. In addition, in June 2019 we completed share buybacks totaling around 10 billion yen. This demonstrates our ongoing commitment to increasing shareholder returns.

FY2019 is the final year of the Medium-term Management Plan. In addition to expanding our new product lineup such as the Resona Group App and Resona Cashless Platform, we integrated the systems of Kansai Mirai Bank in October 2019, which allowed us to provide Resona’s innovative services to even more customers. Aimed at becoming a “Retail No. 1” Financial Services Group, we will endeavor to maximize corporate value by continuously working to provide optimal solutions to a wide range of customers anytime and anywhere.

We look forward to your continued support and patronage.

December 2019

President and Representative Executive Officer

Kazuhiro Higashi