Resona Holdings Inc (JP:8308)
:8308
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Resona Holdings
(8308)
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Rating:63Neutral
Price Target:
¥1,804.00
▼(-4.63% Downside)
Action:DowngradedDate:02/10/26
The score is driven primarily by solid fundamental profitability and growth, tempered by high balance-sheet leverage and weaker operating cash flow conversion. Technicals remain in an uptrend but appear overextended, while valuation and dividend yield are only moderate.
Positive Factors
Revenue Growth
Resona's consistent top-line expansion, including a notable 3.12% rise in the latest year and multi-year revenue growth, reflects sustained demand for retail and SME banking services. Durable revenue growth supports reinvestment, loan growth and resilience across 2–6 months.
Negative Factors
High Leverage
A debt-to-equity ratio of 3.30 indicates significant leverage and a low equity base. This structural reliance on debt increases sensitivity to funding cost moves and credit stress, constraining capital flexibility and regulatory room to maneuver during adverse cycles over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Resona's consistent top-line expansion, including a notable 3.12% rise in the latest year and multi-year revenue growth, reflects sustained demand for retail and SME banking services. Durable revenue growth supports reinvestment, loan growth and resilience across 2–6 months.
Read all positive factors
Resona Holdings (8308) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.90T
Dividend Yield1.8%
Average Volume (3M)8.50M
Price to Earnings (P/E)10.7
Beta (1Y)1.35
Revenue Growth8.28%
EPS Growth28.63%
CountryJP
Employees19,721
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)34.91
Shares Outstanding2,307,136,700
10 Day Avg. Volume9,452,730
30 Day Avg. Volume8,499,770
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)1.09
Price to Sales (P/S)2.82
P/FCF Ratio4.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,962.50Price Target Upside3.75% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)111.26
Revenue Forecast (FY)¥793.13B
Resona Holdings Business Overview & Revenue Model
Company Description
Resona Holdings, Inc., through its subsidiaries, provides retail and commercial banking products and services in Japan and internationally. The company offers deposits, credit cards, factoring services, venture capital services, and investment man...
How the Company Makes Money
Resona Holdings makes money mainly through the earnings generated by its banking subsidiaries. Key revenue streams include: (1) Net interest income: interest earned on loans (e.g., housing loans, business loans, and other credit) and on securities...
Resona Holdings Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.21T | 1.05T | 905.59B | 838.89B | 803.63B | 768.13B |
| Gross Profit | 1.01T | 911.14B | 785.64B | 783.56B | 734.83B | 694.91B |
| EBITDA | 371.38B | 333.19B | 261.65B | 263.59B | 192.63B | 218.99B |
| Net Income | 266.27B | 213.32B | 158.93B | 160.40B | 109.97B | 124.48B |
Balance Sheet | ||||||
| Total Assets | 77.58T | 77.37T | 76.15T | 74.81T | 78.16T | 73.70T |
| Cash, Cash Equivalents and Short-Term Investments | 16.28T | 19.55T | 20.92T | 22.39T | 28.00T | 25.22T |
| Total Debt | 9.43T | 9.01T | 5.62T | 7.09T | 11.28T | 9.95T |
| Total Liabilities | 74.64T | 74.62T | 73.37T | 7.09T | 75.70T | 71.18T |
| Stockholders Equity | 2.91T | 2.73T | 2.76T | 2.52T | 2.44T | 2.32T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 711.43B | 138.35B | 68.54B | -2.60T | 50.62B |
| Operating Cash Flow | 0.00 | 729.04B | 151.32B | 81.44B | -2.59T | 60.78B |
| Investing Cash Flow | 0.00 | -3.26T | -2.25T | -2.27T | -47.93B | -3.14T |
| Financing Cash Flow | 0.00 | 1.10T | 581.49B | -3.47T | 5.43T | 12.97T |
Resona Holdings Technical Analysis
Negative
1891.50
Price Trends
1850.76
Negative
1699.33
Negative
1552.18
Positive
Market Momentum
-36.23
Positive
40.62
Neutral
46.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8308, the sentiment is Negative. The current price of 1891.5 is above the 20-day moving average (MA) of 1789.88, above the 50-day MA of 1850.76, and above the 200-day MA of 1552.18, indicating a neutral trend. The MACD of -36.23 indicates Positive momentum. The RSI at 40.62 is Neutral, neither overbought nor oversold. The STOCH value of 46.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥3.47T | 8.79 | 9.31% | 3.31% | 16.24% | 78.76% | |
71 Outperform | ¥14.74T | 10.71 | 9.14% | 2.38% | -3.62% | 23.01% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | ¥1.59T | 12.21 | 7.83% | 2.54% | 19.38% | 29.95% | |
63 Neutral | ¥3.90T | 10.69 | 8.37% | 1.80% | 8.28% | 28.63% | |
63 Neutral | ¥8.95T | 14.35 | 5.28% | 2.73% | 2.17% | 9.55% | |
61 Neutral | ¥5.36T | 10.08 | 3.72% | 3.03% | -1.36% | 38.26% |
* Financial Sector Average
JP:8308
Resona Holdings
1,769.50
402.79
29.47%
JP:7186
Concordia Financial Group
1,395.00
403.24
40.66%
JP:8309
Sumitomo Mitsui Holdings
4,983.00
1,139.91
29.66%
JP:6178
JAPAN POST HOLDINGS Co
1,804.50
257.44
16.64%
JP:7182
Japan Post Bank Co
2,578.00
1,020.48
65.52%
JP:8411
Mizuho Financial Group
6,159.00
1,973.90
47.17%
Resona Holdings Corporate Events
Resona Lifts Full-Year Profit Target on Strong 3Q FY2025 Earnings
Jan 30, 2026
Resona Holdings reported strong results for the first three quarters of fiscal 2025, with gross operating profit and core net operating profit both rising more than 15% year on year, and net income attributable to owners of the parent up 32.6%. Th...
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.