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, 2026 (FY2025), the Japanese economy remained on a modest recovery track while feeling the effects of growing uncertainty arising from the emergence of geopolitical risks and other factors.

Amid this business environment, the Resona Group concluded the final year of the medium-term management plan (MMP). Under this MMP, the Group stepped up the smooth extension of funds aimed at supporting business growth and otherwise rallied its overall strength to further enhance its solution capabilities, with addressing issues customers and society as a whole are confronting as a starting point.

As a result, net income attributable to owners of the parent amounted to 258.7 billion yen, an increase of 45.3 billion yen compared with the previous fiscal year. This also reflected an increase of 98.3 billion yen over the course of the three-year period of the MMP. The NPL ratio amounted to 1.05%, while the capital adequacy ratio totaled 12.54%, supporting a continued robust level of financial soundness.

For FY2025, we announced an annual dividend of 29 yen per share of common stock, up 4 yen per share from a year earlier. Moreover, we expended a total of approximately 65.0 billion yen for share buybacks over the fiscal year.

With regard to common dividends to be paid for the fiscal year ending March 31, 2027 (FY2026), we set our forecast at 37 yen per share, up 8 yen year on year. We have also set aside a new budget for share buybacks, with an eye to expending a maximum of 35.0 billion yen for this purpose over the period from May 13 to August 7, 2026.

Looking ahead, we will strive to further enhance the content of shareholder returns by simultaneously aiming for a stable and sustainable increase in the volume of dividends as well as the flexible execution of share buybacks even as we balance these endeavors with measures to ensure financial soundness and profitability while securing opportunities for growth investment.

On March 31, 2026, the Resona Group announced a new MMP under the title “Shift to the Next Stage—Three Years to Create Our New Ways of Doing Business.” This MMP is intended to accelerate our efforts to realize “Retail No. 1,” our Long-Term Vision. Guided by the Group Purpose “Beyond Finance, for a Brighter Future,” the Group will thus evolve to the next stage.

As part of this MMP, we have specified three pillars: “Growth in core business,” “Creating next-generation growth drivers” and “Structural reforms of management platforms.” These have been formulated with the aim of maximizing the Group’s medium- to long-term corporate value. Furthermore, we intend to strategically utilize capital flows generated through the aforementioned initiatives to establish a next-generation earnings structure that is resilient to economic fluctuations.

For the fiscal year ending March 31, 2029 (FY2028), the final year of the new MMP, we are aiming to achieve the following management targets: net income attributable to owners of the parent of 390.0 billion yen; an ROE of 12%; gross operating profit of 1 trillion yen; an OHR in the 40% range; and a Common Equity Tier 1 (CET1) capital ratio in the 10% range.

The Resona Group is equipped with the “DNA of reform.” By developing this inherent strength and passing it down to future generations, we will rally functions afforded by the entire Resona Group to address issues our customers and society as a whole are confronting. We will thus remain a financial group of choice for customers even as we leverage new ideas that transcend the framework of finance while creating new value.