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Resona Holdings
(8308)
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Rating:69Neutral
Price Target:
¥2,557.00
▲(35.18% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by improving profitability and a strong 2026 earnings step-up, supported by bullish technical trends. Offsetting factors are balance-sheet leverage risk and cash-flow volatility, with valuation and dividend yield providing only moderate support.
Positive Factors
Improving profitability with 2026 earnings step-up
Profitability has strengthened materially, with net income rising significantly into 2026. This demonstrates an improving core earnings base and higher margin conversion, which supports sustainable internal capital generation, dividend capacity, and reinvestment without relying solely on episodic gains.
Negative Factors
Elevated and fluctuating leverage
High and volatile leverage constrains financial flexibility and amplifies downside risk if credit conditions worsen. Persistent leverage swings limit the firm’s capacity to expand lending or absorb shocks without raising capital, increasing refinancing and regulatory pressures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability with 2026 earnings step-up
Profitability has strengthened materially, with net income rising significantly into 2026. This demonstrates an improving core earnings base and higher margin conversion, which supports sustainable internal capital generation, dividend capacity, and reinvestment without relying solely on episodic gains.
Read all positive factors
Resona Holdings (8308) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.38T
Dividend Yield1.8%
Average Volume (3M)8.50M
Price to Earnings (P/E)20.7
Beta (1Y)1.37
Revenue Growth16.12%
EPS Growth22.97%
CountryJP
Employees20,813
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)113.72
Shares Outstanding2,307,136,700
10 Day Avg. Volume9,452,730
30 Day Avg. Volume8,499,770
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)1.35
Price to Sales (P/S)3.15
P/FCF Ratio9.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)143.63
Revenue Forecast (FY)¥909.42B
Resona Holdings Business Overview & Revenue Model
Company Description
Resona Holdings, Inc., a Tokyo-headquartered financial institution established in 1918, conducts extensive retail and corporate banking operations both within Japan and internationally. The company provides a comprehensive suite of banking and fin...
How the Company Makes Money
Resona Holdings makes money primarily through the earnings generated by its banking subsidiaries. Key revenue streams include: (1) Net interest income: interest earned on loans and other interest-bearing assets (e.g., securities) minus interest pa...
Resona Holdings Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.24T | 1.05T | 905.59B | 838.89B | 803.63B |
| Gross Profit | 1.02T | 911.14B | 785.64B | 783.56B | 734.83B |
| EBITDA | 421.54B | 333.19B | 261.65B | 263.59B | 192.63B |
| Net Income | 258.72B | 213.32B | 158.93B | 160.40B | 109.97B |
Balance Sheet | |||||
| Total Assets | 76.30T | 77.37T | 76.15T | 74.81T | 78.16T |
| Cash, Cash Equivalents and Short-Term Investments | 14.51T | 19.55T | 20.92T | 22.39T | 28.00T |
| Total Debt | 7.16T | 9.01T | 5.62T | 7.09T | 11.28T |
| Total Liabilities | 73.37T | 74.62T | 73.37T | 7.09T | 75.70T |
| Stockholders Equity | 2.91T | 2.73T | 2.76T | 2.52T | 2.44T |
Cash Flow | |||||
| Free Cash Flow | 393.52B | 711.43B | 138.35B | 68.54B | -2.60T |
| Operating Cash Flow | 410.75B | 729.04B | 151.32B | 81.44B | -2.59T |
| Investing Cash Flow | -4.39T | -3.26T | -2.25T | -2.27T | -47.93B |
| Financing Cash Flow | -1.87T | 1.10T | 581.49B | -3.47T | 5.43T |
Resona Holdings Technical Analysis
Positive
1891.50
Price Trends
2116.07
Positive
1977.28
Positive
1778.92
Positive
Market Momentum
64.19
Negative
66.51
Neutral
81.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8308, the sentiment is Positive. The current price of 1891.5 is below the 20-day moving average (MA) of 2205.88, below the 50-day MA of 2116.07, and above the 200-day MA of 1778.92, indicating a bullish trend. The MACD of 64.19 indicates Negative momentum. The RSI at 66.51 is Neutral, neither overbought nor oversold. The STOCH value of 81.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8308.
Resona Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥20.26T | 16.58 | 9.14% | 2.38% | -0.74% | 43.87% | |
69 Neutral | ¥5.38T | 20.66 | 8.37% | 1.80% | 16.12% | 22.97% | |
69 Neutral | ¥2.13T | 19.92 | 7.83% | 2.54% | 23.44% | 31.35% | |
68 Neutral | ¥4.56T | 14.63 | 9.31% | 3.31% | 0.67% | 25.67% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | ¥11.66T | 22.22 | 5.28% | 2.73% | 26.25% | 28.43% | |
59 Neutral | ¥6.51T | 17.98 | 3.72% | 3.03% | -0.10% | 8.52% |
* Financial Sector Average
JP:8308
Resona Holdings
2,362.50
1,090.68
85.76%
JP:7186
Concordia Financial Group
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105.49%
JP:8309
Sumitomo Mitsui Holdings
6,632.00
2,919.41
78.64%
JP:6178
JAPAN POST HOLDINGS Co
2,333.00
1,026.34
78.55%
JP:7182
Japan Post Bank Co
3,299.00
1,724.41
109.51%
JP:8411
Mizuho Financial Group
8,417.00
4,466.22
113.05%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.