Message from the Management

First of all, I would like to extend my deepest gratitude for your ongoing support of our operations.

In the first half of the fiscal year ending March 31, 2026 (FY2025), the Japanese economy remained on a recovery track, while moderate inflation persisted, despite the impact of the evolving international trade environment and other factors.
Against this backdrop, gross operating profit stood at 401.6 billion, an increase of 56.4 billion, or 16.3%, compared with the same period of the previous fiscal year. This also marked the first time since the 2003 inauguration of Resona Holdings, Inc. that the 400.0 billion yen was surpassed. Moreover, net income attributable to owners of the parent amounted to 142.8 billion, an increase of 28.6 billion, or 25.0%, year on year. Thus far, this indicator hit a progress ratio of 59.5% relative to our full-year target of 240.0 billion yen, reflecting such factors as the widespread positive effect of policy rate hikes, improvement in our ROA through proactive balance sheet management, and the success of cost control efforts, including those targeting credit costs. The NPL ratio amounted to 1.09%, while the capital adequacy ratio totaled 12.69%, supporting a continued robust level of financial soundness.

With regard to shareholder returns, we expended a total of approximately 30.0 billion yen for share buybacks over the period from May to July 2025. Furthermore, we set aside a new budget for the same purpose in November and are planning to expend up to 35.0 billion yen. As for dividends, we announced interim dividends of 14.5 yen per share in line with the initial forecast while disclosing an annual dividend forecast of 29.0 yen per share, up 4 yen per share from a year earlier. Taking these factors into account and in light of full-year operating results forecasts, we expect our total shareholder return ratio to amount to 54.6%.

Today, we are on the threshold of an era of profound transition in terms of the business environment surrounding financial institutions. Japan is confronting issues associated with an aging population with a low birthrate and shrinking workforce, while across society the public call for decarbonization grows ever stronger. In addition to these megatrends, the advance of generative AI and other technologies has begun affecting every area of society. We are now being called upon to flexibly and agilely adapt to or counter these changes. In other words, we must be open to seeing new opportunities brought by changes, rather than perceiving them only as threats.

Amid this evolving environment, the Resona Group aims to reclaim stronger earnings power while drastically accelerating structural reforms with an eye to realizing next-generation retail financing. At present, we are leveraging net interest income from domestic loans and deposits as a main driver even as we proactively acquire new profit opportunities that will enable us to grow over the next five or even 10 years. As part of initiatives to deliver new value to customers, we made Digital Garage, Inc. an equity-method affiliate in September 2025, facilitating increased collaboration with this firm in the settlement field.

Looking ahead, the Resona Group will remain true to its Purpose, “Beyond Finance, for a Brighter Future.” That is, we will employ new ideas that go beyond the conventional framework of financial services to seriously address issues our customers and society as a whole are confronting. As we do so, we will continue transforming ourselves while rallying the overall strength of the Resona Group to realize “Retail No. 1,” our Long-Term Vision.
We ask for your continued support for our endeavors.