Resona Holdings raises full-year earnings outlook by 20%

Resona Holdings (TSE:8308) announced an upward revision to its consolidated earnings target for the fiscal year ending March 31, 2025. The company now expects net income attributable to owners of the parent to reach JPY210.0 billion, a 20% increase from the previously announced target of JPY175.0 billion. This revision reflects steady progress in earnings, driven by strong performance in net interest income and fee income. It also accounts for increased gains from policy-oriented stock sales and lower-than-expected credit costs. Detailed fiscal year 2024 results will be disclosed on May 13, 2025.