Resona Holdings Inc 8308

Stock XTKS Rating as of Oct 2, 2026

¥2,474.00 +0.50 (0.02%)

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As of Oct 2, 2026, 6:30:02 AM Delayed Price Closed

Company Report

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Resona Sees Strong Three-Year Growth Drivers on Higher Margins, Share Sales, and Cost Controls

Lorraine Tan May 13, 2026

Over the next five years, we expect Resona’s earnings to benefit from interest rate tailwinds in Japan, improving operating leverage that is lowering its cost/income ratio, and from share sale gains. These factors should help Resona’s ROE average 11.6% during the period before easing to 11% in our midcycle forecast as equity sales diminish.

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Price vs Fair Value

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8308 is trading at a LOCK|l$S$NN premium.

Price

¥2,474.00

Oct 2, 2026

Fair Value

LOCK|n@%

May 13, 2026

Uncertainty

LOCK|DRQr

1-Star Price: LOCK|#H.W
5-Star Price: LOCK|<@M
Economic Moat: LOCK|#!
Capital Allocation: LOCK|dPFh^F

Bulls Say, Bears Say

Bulls

If yen interest rates rise, Resona has the highest operational gearing among major Japanese banks to increases in net interest income, given its domestic focus and high revenue contribution of NII.

Bears

Investor expectations for Resona to benefit more from rising yen interest rates than other major Japanese banks may be disappointed.

Trading Information

Previous Close Price: ¥2,473.50
Day Range: ¥2,446.50–2,503.00
52-Week Range: ¥1,401.50–2,601.00
Bid/Ask: ¥2,473.00 / ¥2,474.50
Shares Outstanding: 2.23B
Market Cap: ¥5.53T
Volume/Avg: 10M / 10M

Key Statistics

Price/Earnings (Normalized): 20.10
Price/Sales: 5.48
Dividend Yield (Trailing): 1.33%
Dividend Yield (Forward): 1.50%
Dividend Payment Schedule: Jun, Dec
Total Yield: 2.48%

Company Profile

Resona Holdings is one of the top six Japanese banking groups by assets. Although its banking units are categorized in Japan as "city" banks for historical reasons, it is only around a third of the size of the three megabank groups and effectively a superregional bank operating mainly in the Kansai region (54% of its branches) and the Tokyo metropolitan area (43% of branches), with a strong focus on retail and small and medium-size enterprises, rather than lending to large corporates.

Sector: Financial Services
Industry: Banks - Regional
Stock Style Box: Large Growth
Total Number of Employees: 28,954
Website: https://www.resona-gr.co.jp

Competitors

Valuation

Metric	8308	MFG	MUFG
Price/Earnings (Normalized)	20.10	14.18	10.72
Price/Book Value	1.92	1.84	1.82
Price/Sales	5.48	4.51	5.04
Price/Cash Flow	22.61	—	—

Price/Earnings

8308

MFG

MUFG

Financial Strength

Metric	8308	MFG	MUFG
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	—	—	—

Quick Ratio

No chart available

Profitability

Metric	8308	MFG	MUFG
Return on Assets (Normalized)	0.51%	0.61%	0.91%
Return on Equity (Normalized)	13.77%	16.24%	17.81%
Return on Invested Capital (Normalized)	—	—	—

Return on Assets