Announcement Regarding the Revision of Earnings Targets for the Fiscal Year 2016
April 28, 2017
Resona Holdings, Inc.
Resona Holdings, Inc. revised its earnings targets for the fiscal year 2016 (full year target) which it announced on Nov. 11, 2016 as detailed below based upon its recent business trend.
1. Revision of the Earnings Targets
Consolidated Earnings Targets of the Fiscal Year 2016 (Full Year Targets)
(April 1, 2016 - March 31, 2017)
Net Income Attributable to Owners of the Parent
Net Income per Share of Common Stock
|Previous targets (A)
(Announced on Nov. 11, 2016)
|Revised targets (B)||161.0||66.69|
|Change (B - A)||(9.0)||―|
|Rate of change (%)||(5.2)||―|
Fiscal year 2015
2. Reason for Revising the Consolidated Earnings Targets
Previous target of net income attributable to owners of the parent is revised downward since the actual net operating profit of group banks is estimated to be lower than the previous target mainly due to lower-than-expected financial product sales and net gains on bonds amid highly volatile financial market environment.
Further details will be announced when Resona Holdings announces its business results.
- *With regard to "Earnings Targets of Group Banks for Fiscal Year 2016", "Classified Claims under the Financial Reconstruction Act Criteria (Total of Group Banks)", and "Estimated Unrealized Gain/ (Loss) on Available-for-Sale Securities (Total of Group Banks)" , please refer to the attached PDF