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Japanese retail-focused bank group serving individuals and small/mid-size businesses mainly around Tokyo and Osaka.
Japanese retail-focused bank group serving individuals and small/mid-size businesses mainly around Tokyo and Osaka.
Earns mostly from the gap between loan and deposit rates, with fees from pension trust, real-estate and inheritance services. It runs separate bank brands in different regions, including Saitama Resona Bank north of Tokyo. It took public funds in 2003 after bad loans and was reorganised under the Resona name.
In one line: A regional-bank-scale Japanese retail lender.
Moat: narrow (distribution, scale). Dense branch network in Tokyo/Osaka retail banking, but competes directly with megabanks.
Headquarters: Tokyo, Japan · Founded: 2001 · Employees: 20,813
Size Resona (8308.T) is a Japan Financials company (Regional Banks) with a market value of $30.8B, the 53rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,108 on 6 Nov 2026.
Performance Over six months the shares gained 8.8%, against +9.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 17.2% over the last twelve months (peer median +1.3%); the operating margin is 35.1% (peer median 33.9%).
Valuation It trades at 1.57× book value against a peer median of 1.29× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 8.7%; Resona delivers 9.3%, so the price asks less than the business earns today.
Credit Resona has 1 bond outstanding ($300M), rated A2 by the agencies and trading like AA- at a weighted spread of 55 bp.
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.28T | ¥1.34T | ¥1.09T | ¥923B | ¥843B |
| Revenue growth | — | +23% | +18% | +10% | — |
| Net income | ¥269B | ¥259B | ¥213B | ¥159B | ¥160B |
| Free cash flow | n/a | ¥394B | ¥711B | ¥138B | ¥68.5B |
| Capital expenditure | n/a | ¥29.1B | ¥27.2B | ¥20.5B | ¥20.5B |
| Total debt | ¥8.30T | ¥7.21T | ¥9.06T | ¥7.54T | ¥8.32T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Resona 8308.T | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% |
| Mitsubishi Ufj Financial 8306.T | $230B | +14% | +11% | 13% | 1.60× | 11.2% |
| Sumitomo Mitsui Financial 8316.T | $145B | +35% | +11% | 11% | 1.42× | 10.0% |
| Japan Post Bank 7182.T | $65.5B | +7% | +39% | 7% | 1.11× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8308.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.2% | +1.4% | lowest of 21 |
| 6-month return | +8.8% | +9.4% | 11th highest of 21 |
| Return on equity | 9.3% | 11.9% | 5th lowest of 21 |
| Price / book | 1.57× | 1.29× | 8th most expensive of 21 |
| Trailing P/E | 17.8× | 11.7× | 4th most expensive of 20 |
| ROE the price implies | 8.7% | 8.5% | 11th least demanding of 21 |
| ROE delivered | 9.3% | 12.8% | 5th lowest of 20 |
| Bond spread | 55 bp | 101 bp | 2nd tightest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Commerzbank CBK.DE | Germany | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% | 10.3% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Fifth Third Bancorp FITB | United States | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% | 9.4% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Shanghai Pudong Development Bank 600000.SS | China | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% | 6.1% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |
| East West Bancorp EWBC | United States | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% | 16.6% |
| Credit Agricole ACA.PA | France | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% | 8.9% |
| Bank of Shanghai 601229.SS | China | $17.6B | -13% | -7% | 8% | 0.44× | 2.0% | 7.5% |
Resona has 1 bond outstanding with $300M face value. The agencies rate it A2; its bonds trade like AA-. Weighted yield 5.17%, a spread of 55 bp over government bonds.