Resona Group Integrated Report 2026

CEO Message

Our New Ways of Doing Business

Group CEO, Director, President and
Representative Executive Officer
Masahiro Minami

Starting in FY2026, we launched our new Medium-Term Management Plan, “Shift to the Next Stage—Three Years to Create Our New Ways of Doing Business,” back-casting from our long-term aspirations. We have clearly defined the areas and in-house issues that our company should prioritize addressing as Materiality towards realizing the future society we as Resona Group aim to create (i.e. “For a Brighter Future”). In this message, Group CEO Masahiro Minami clearly explains the thinking and background behind these initiatives while also expressing his commitment to sustainable value creation.

A diagram illustrating how the new Medium-Term Management Plan, “Shift to the Next Stage—Three Years to Create Our New Ways of Doing Business,” launched in 2026 aligns with the Group’s long-term aspirations, including its Long-Term Vision, “Retail No.1,” and its Purpose, “Beyond Finance, for a Brighter Future.”

Roundtable Discussion with Outside Directors

Outside Director
Chairperson, Audit Committee,
Member, Compensation Committee
Katsuyuki Tanaka
(Left edge of photo)
Outside Director
Chairperson of the Board of Directors
Masaki Yamauchi
(Second from the left in the photo)
Pictet Japan,
Senior Fellow / NUCB Business School, Professor
Nana Otsuki
(Center of the photo)
Outside Director
Chairperson, Nominating Committee
Kimie Iwata
(Second from the right in the photo)
Outside Director
Chairperson, Compensation Committee
Sawako Nohara
(Right edge of photo)

The Chairperson of the Board of Directors and the Chairpersons of the Nominating, Compensation, and Audit Committees engaged in a dialogue with Nana Otsuki (Pictet Japan/NUCB Business School). We outline where the Resona Group currently stands and the direction it is taking in strengthening its governance to support sustainable growth.

CSO/CSuO/CHRO Message

Group CSO, Group CSuO, Group CHRO, Director,
Deputy President and Representative Executive Officer
Nobuki Iwadate

Group CSO, Group CSuO and Group CHRO Nobuki Iwadate discusses the implementation of sustainability, human resources, and governance within the Group’s management strategy, along with other topics. He also expresses his commitment to continuously applying Materiality in day-to-day business decisions and management practices.

A diagram illustrating the Resona Group’s Purpose and the path through which our actions, guided by Materiality and the new Medium-Term Management Plan, contribute to realizing the future society we aspire to create

CFO Message

Group CFO, Group CDO, Director,
Deputy President and Representative Executive Officer
Shinichiro Isa

Group CFO Shinichiro Isa discusses the results for the fiscal year ended March 2026 (FY2025) and the framework for FY2026 annual targets, the income framework under the new MMP, the possible impact on earnings with JPY interest rate hikes, capital management, the reduction of policy-oriented stock holdings, initiatives to enhance corporate value, and the status of dialogue with shareholders and investors, among other topics.

A diagram outlining the direction of capital management. Based on its fundamental policy of expanding growth investment and shareholder returns while maintaining financial soundness, the Group aims to enhance corporate value and has set a target of achieving ROE (TSE standard) of 12% in FY2028.

New MMP

We formulated our new MMP, “Shift to the Next Stage—Three Years to Create Our New Ways of Doing Business,” covering the period from the fiscal year ending March 2027 through the fiscal year ending March 2029. “Our New Ways of Doing Business” means further evolving the very foundations of our business, including governance, the way we deliver value, and our profit structure, and thereby moving closer to the “next-generation” form to which Resona aspires. We outline our aim to realize “Our New Ways of Doing Business” through four axes: “Growth in core businesses,” “Creating next-generation growth drivers,” “Structural reforms of management platforms,” and “Acceleration of capital circulation to maximize corporate value.”

Resona Group Medium-Term Management Plan (FY2026–FY2028)

Shift to the Next Stage — Three Years to Create Our New Ways of Doing Business —

Growth in core businesses

Strengthening funds flow cycle to continue supporting Japan’s growth and regional vitalization

Our New Ways of Doing Business
Balance sheet management focused on realizing a virtuous cycle of value creation backed by a high-quality deposit base

Sustainably expanding solutions to provide support for diversifying issues and financial conduct

Our New Ways of Doing Business
Enhancing our ability to resolve issues through solutions derived from co-creation with external partners and other means

Creating next-generation growth drivers

Acquiring new capabilities to continue sustainably providing value amid societal changes

Our New Ways of Doing Business
Strengthening our ability to deliver sustainable value by expanding our operations in peripheral and new business fields

Structural reforms of management platforms

Reforming policies, systems and processes to achieve a more sophisticated income and cost structure

Our New Ways of Doing Business
Advancing our mode of value creation by taking full advantage of the combination of human capital, generative AI and data

Acceleration of capital circulation to maximize corporate value

Strategic utilization of expanding capital flows

Our New Ways of Doing Business
Capital management aimed at accelerating a virtuous cycle of capital creation

Resona Group Integrated Report
2026 PDF Version

Entire Report(PDF: 10.46MB)
  • Cover, Contents(PDF: 455KB)
    • The Resona Group’s Conceptual Structure
    • To Be a Good Company
    • Contents
  • Section1 Value Creation Story(PDF: 2.44MB)
    • CEO Message
    • Roundtable Discussion with Outside Directors
    • CSO/CSuO/CHRO Message
    • Materiality Selection Processes
    • CFO Message
    • Driving Force of Value Creation—Resona’s Footsteps—
    • Driving Force of Value Creation—Resona’s Strength and Group at a Glance—
    • Value Creation Model
    • Entrenchment of the Purpose