Resona Holdings Future Growth

Future criteria checks 2/6

Resona Holdings is forecast to grow earnings and revenue by 9.5% and 0.4% per annum respectively. EPS is expected to grow by 10.7% per annum. Return on equity is forecast to be 7.9% in 3 years.

Key information

9.5%

Earnings growth rate

10.7%

EPS growth rate

Banks earnings growth	9.4%
Revenue growth rate	0.4%
Future return on equity	7.9%
Analyst coverage	Good
Last updated	21 Sep 2024

Recent future growth updates

Recent updates

Resona Holdings' (TSE:8308) Upcoming Dividend Will Be Larger Than Last Year's

Sep 06

Resona Holdings' (TSE:8308) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 23

Earnings and Revenue Growth Forecasts

TSE:8308 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	780,731	225,129	N/A	N/A	6
3/31/2026	725,339	202,771	N/A	N/A	6
3/31/2025	676,242	178,399	N/A	N/A	6
6/30/2024	866,394	178,901	N/A	N/A	N/A
3/31/2024	813,063	158,930	-2,352,833	-2,332,314	N/A
12/31/2023	769,759	150,791	N/A	N/A	N/A
9/30/2023	778,363	160,232	-1,772,674	-1,754,054	N/A
6/30/2023	785,392	161,896	N/A	N/A	N/A
3/31/2023	801,036	160,400	-6,127,223	-6,106,722	N/A
12/31/2022	785,830	107,159	N/A	N/A	N/A
9/30/2022	763,875	111,814	N/A	N/A	N/A
6/30/2022	768,341	109,654	N/A	N/A	N/A
3/31/2022	759,006	109,974	1,401,198	1,423,659	N/A
12/31/2021	739,401	153,870	N/A	N/A	N/A
9/30/2021	795,205	148,923	N/A	N/A	N/A
6/30/2021	758,936	136,890	N/A	N/A	N/A
3/31/2021	729,370	124,481	5,801,988	5,817,197	N/A
12/31/2020	768,395	143,331	N/A	N/A	N/A
9/30/2020	784,778	131,844	3,772,990	3,790,755	N/A
6/30/2020	741,984	137,541	N/A	N/A	N/A
3/31/2020	767,821	152,426	-594,423	-574,278	N/A
12/31/2019	767,622	140,292	N/A	N/A	N/A
9/30/2019	763,413	130,002	-2,424,290	-2,403,557	N/A
6/30/2019	776,377	141,922	N/A	N/A	N/A
3/31/2019	776,170	175,162	-733,255	-712,041	N/A
12/31/2018	747,084	172,940	N/A	N/A	N/A
9/30/2018	734,996	262,619	772,626	790,812	N/A
6/30/2018	698,556	265,442	N/A	N/A	N/A
3/31/2018	678,756	232,738	N/A	-1,241,175	N/A
12/31/2017	673,930	230,757	N/A	N/A	N/A
9/30/2017	688,907	154,283	N/A	-1,133,299	N/A
6/30/2017	700,637	144,694	N/A	N/A	N/A
3/31/2017	712,546	155,248	N/A	-2,825,120	N/A
12/31/2016	733,588	175,420	N/A	N/A	N/A
9/30/2016	718,620	187,666	N/A	85,519	N/A
6/30/2016	688,451	169,707	N/A	N/A	N/A
3/31/2016	692,965	175,618	N/A	2,335,899	N/A
12/31/2015	685,582	134,114	N/A	N/A	N/A
9/30/2015	727,862	148,221	N/A	-53,169	N/A
6/30/2015	798,967	200,065	N/A	N/A	N/A
3/31/2015	797,895	199,752	N/A	-44,253	N/A
12/31/2014	783,039	224,177	N/A	N/A	N/A
9/30/2014	766,995	217,229	N/A	417,086	N/A
6/30/2014	732,758	197,808	N/A	N/A	N/A
3/31/2014	750,262	206,594	N/A	1,233,711	N/A
12/31/2013	779,013	202,684	N/A	N/A	N/A
9/30/2013	770,177	204,604	N/A	-184,084	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 8308's forecast earnings growth (9.5% per year) is above the savings rate (0.3%).

Earnings vs Market: 8308's earnings (9.5% per year) are forecast to grow faster than the JP market (8.6% per year).

High Growth Earnings: 8308's earnings are forecast to grow, but not significantly.

Revenue vs Market: 8308's revenue (0.4% per year) is forecast to grow slower than the JP market (4.3% per year).

High Growth Revenue: 8308's revenue (0.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 8308's Return on Equity is forecast to be low in 3 years time (7.9%).

Resona Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Resona Holdings, Inc. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2024

Resona Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2024

Resona Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2023

Consensus forecasts updated

Resona Holdings, Inc. Provides Consolidated Earnings Guidance for the Year 2023

Resona Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2022

Recent updates

Upcoming dividend of JP¥11.50 per share

Resona Holdings' (TSE:8308) Upcoming Dividend Will Be Larger Than Last Year's

Resona Holdings, Inc. to Report Fiscal Year 2024 Final Results on Aug 30, 2024

Resona Holdings' (TSE:8308) Shareholders Will Receive A Bigger Dividend Than Last Year

Resona Holdings' (TSE:8308) Upcoming Dividend Will Be Larger Than Last Year's

Investor sentiment deteriorates as stock falls 19%

New minor risk - Share price stability

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Resona Holdings (TSE:8308) Is Increasing Its Dividend To ¥11.50

Resona Holdings' (TSE:8308) Dividend Will Be Increased To ¥11.50

Final dividend of JP¥11.50 announced

Resona Holdings, Inc. to Report Q1, 2025 Results on Jul 31, 2024

Now 23% undervalued

Resona Holdings, Inc., Annual General Meeting, Jun 26, 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Resona Holdings, Inc. (TSE:8308) announces an Equity Buyback for 30,000,000 shares, representing 1.28% for ¥20,000 million.

Digital Garage, Inc. (TSE:4819) completed the acquisition of 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308).

Now 20% undervalued

Resona Holdings (TSE:8308) Will Pay A Dividend Of ¥11.00

Resona Holdings, Inc. to Report Fiscal Year 2024 Results on May 14, 2024

Upcoming dividend of JP¥11.00 per share

Resona Holdings (TSE:8308) Will Pay A Dividend Of ¥11.00

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Resona Holdings, Inc. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2024

Resona Holdings, Inc. to Report Q3, 2024 Results on Jan 31, 2024

Second quarter 2024 earnings released: EPS: JP¥20.06 (vs JP¥20.46 in 2Q 2023)

Resona Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2024

Resona Holdings, Inc. (TSE:8308) entered into a share purchase agreement to acquire additional majority stake in Shutoken Leasing Co., Ltd. and Daiwa Factor & Leasing Co., Ltd. from Mitsubishi HC Capital Inc. (TSE:8593) for ¥11.1 billion.

Resona Holdings, Inc. to Report Q2, 2024 Results on Nov 10, 2023

Upcoming dividend of JP¥11.00 per share at 2.6% yield

High number of new directors

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Resona Holdings, Inc. to Report Q1, 2024 Results on Jul 31, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Resona Holdings, Inc. (TSE:8308) announces an Equity Buyback for 25,000,000 shares, representing 1.05% for ¥10,000 million.

Resona Holdings, Inc., Annual General Meeting, Jun 23, 2023

Resona Holdings, Inc., Annual General Meeting, Jun 23, 2023

Upcoming dividend of JP¥10.50 per share at 3.4% yield

Investor sentiment deteriorates as stock falls 16%

Resona Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Resona Holdings, Inc. to Report Q3, 2023 Results on Jan 31, 2023

Investor sentiment improved over the past week

Consensus forecasts updated

High number of new directors

Second quarter 2023 earnings released: EPS: JP¥20.46 (vs JP¥19.27 in 2Q 2022)

Resona Holdings, Inc. (TSE:8308) announces an Equity Buyback for 40,000,000 shares, representing 1.68% for ¥15,000 million.

Resona Holdings, Inc. Provides Consolidated Earnings Guidance for the Year 2023

Resona Holdings, Inc. to Report Q2, 2023 Results on Nov 11, 2022

Upcoming dividend of JP¥10.50 per share

First quarter 2023 earnings released: EPS: JP¥14.23 (vs JP¥13.89 in 1Q 2022)

Resona Holdings, Inc. Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2023

High number of new directors

Resona Holdings, Inc. to Report Q1, 2023 Results on Jul 29, 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Resona Holdings, Inc., Annual General Meeting, Jun 24, 2022

High number of new directors

Resona Holdings, Inc. to Report Fiscal Year 2022 Results on May 12, 2022

Upcoming dividend of JP¥10.50 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Resona Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2022

Second quarter 2022 earnings released: EPS JP¥19.25 (vs JP¥15.05 in 2Q 2021)

Upcoming dividend of JP¥10.50 per share

First quarter 2022 earnings released: EPS JP¥13.89 (vs JP¥9.50 in 1Q 2021)

Full year 2021 earnings released: EPS JP¥54.20 (vs JP¥66.28 in FY 2020)

Resona Holdings, Inc. (TSE:8308) announces an Equity Buyback for 88,000,000 shares, representing 3.5% for ¥50,000 million.

Price target increased to JP¥518

Upcoming dividend of JP¥10.50 per share

New 90-day high: JP¥463