Message from the Management

First of all, I would like to extend my deepest gratitude for your ongoing support of our operations.
In the fiscal year ended March 31, 2025 (FY2024), the Japanese economy largely remained on a gradual recovery track despite a variety of challenges, while the Bank of Japan (BOJ) began to cautiously move forward toward the normalization of its monetary policies.

Against this backdrop, net income attributable to owners of the parent amounted to 213.3 billion yen, an increase of 54.3 billion yen compared with the previous fiscal year. Not only did we record a higher volume of gross operating profit due to the strong results of two principal income sources, namely, net interest income and fee income, we made progress in the divestment of policy-oriented stockholdings. Furthermore, credit costs remained low. These factors, in turn, enabled us to secure a net income of more than 200 billion yen for the first time in the last seven fiscal years.
The NPL ratio amounted to 1.17%, while the capital adequacy ratio totaled 12.79%, supporting a continued robust level of financial soundness.

For FY2024, we announced a full-year dividend of 25 yen per common share, up 3 yen year on year. We have also expended a total of approximately 40.0 billion yen for share repurchases over the course of that fiscal year.
Our full-year dividend forecast for FY2025 amounts to 29 yen per common share, up 4 yen from a year earlier. In addition, we have set aside a budget for share repurchases to be executed over the course of the period from May 14 to July 31, 2025, and plan to expend up to30.0 billion yen to this end. Going forward, we will strive to enhance shareholder returns in a way that balances financial soundness and profitability while giving due consideration to seizing growth investment opportunities.

Looking at factors affecting our operating results for FY2024, we have benefitted from the revival of our earnings power backed by robust net interest income, especially from domestic deposits and loans, even as the BOJ shifted its monetary policy. Other factors contributing to results included an expansion in fee income thanks to our undertaking initiatives to address issues confronting our customers. With FY2025 under way, we are determined to build on these positive outcomes while taking on new challenges with an eye to adapting to the changing times.
In January 2025, we completed the integration of back-office operations and systems in place at Minato Bank. This massive structural renovation has provided customers of Minato Bank with access to all functions, products and services offered by Resona Group companies.

Looking ahead, we will advance our “one-platform, multi-regional strategy” to embody our Purpose, “Beyond Finance, for a Brighter Future.” At the same time, we will remain a financial group that does its utmost to address issues confronting customers and society as a whole.
We ask for your continued support of our endeavors.