Slides
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Financial Highlights for the Third Quarter of Fiscal Year 2025 (Ended December 31, 2025) January 30, 2026
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Key Points of Financial Results for 1-3Q of FY2025 (1) 1*1. Actual net operating profit - Net gains on cancellation of investment trusts - Net gains on bonds (spot) *2. Initial full-year target of FY2025: JPY240.0 bn Promote investments in IT and human resources to strengthen the Group’s growth foundation while lowering the OHR OHR: 57.4% [ (6.3)%, YoY] 9.9% against the full-year budget of JPY(39.0) bn Continue to strengthen monitoring for signs of deterioration in the quality of credits while watching changes in the external environment Progress in the reduction of policy-oriented stock holdings Balance of listed stocks disposed (acquisition cost basis): JPY15.2 bn Net gain on sale (HD consolidated): JPY62.5 bn Business development backed by the two income sources Improved ROA supported by a strong BS structure and a robust deposit base Fee income has absorbed temporary factors and returned to a growth trend JPY263.0 bn +JPY64.7 bn, or +32.6%, YoY Core net operating profit (excluding net gains on cancellation of investment trusts)*1 JPY222.1 bn +JPY52.9 bn, or +31.2%, YoY Progress rate against the full-year target*2 92.5% Net income attributable to owners of parent ⇒Next page for details Gross operating profit +JPY82.3 bn, or +15.9%, YoY Operating expenses JPY(14.5) bn, or (4.4)%, YoY [cost increased] Credit costs +JPY1.6 bn, or +29.8%, YoY [cost decreased] Net gains on stocks (including equity derivatives) +JPY5.7 bn, or +9.5%, YoY Upward revision to the full-year target, reflecting higher net interest income mainly due to the policy interest rate hike in Dec. 2025 JPY240.0 bn (ROE8.4%) → JPY250.0 bn (against initial target: +JPY10.0 bn, ROE 8.8%)
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Key Points of Financial Results for 1-3Q of FY2025 (2) -Business Development Backed by the Two Income Sources- 2 *1. Total of non-consolidated domestic banking accounts of group banks, deposits include NCDs *2. Total of Group Banks *3. Reflecting the impact of the Dec. 2025 policy interest rate hike Net interest income (NII) NII from domestic loans and deposits*1: JPY299.6 bn (+JPY42.1 bn, YoY) Loan rate: Greater than planned with regard to both corporate and individual loans Loan balance: Corporate loan maintains annual growth of over 5%, while the volume of new housing loan origination hit a record high level in terms of 1-3Q results Deposit balance: Trending steadily without excessive burden arising from funding costs Interest on due from BOJ: JPY61.7 bn (+JPY36.0 bn, YoY) Interest on yen bonds, etc: JPY36.9 bn (+JPY9.7 bn, YoY) Fee income JPY164.2 bn, +JPY0.1 bn, YoY Progress rate against the full-year plan: 71.4% Settlement related income (JPY+3.0 bn, YoY) progressed further than the plan, leading overall growth. AUM income returned to year-on-year growth 1H: JPY(0.4) bn, YoY → 1-3Q: +JPY1.7 bn, YoY A decrease of JPY(3.9) bn, YoY, in succession related income was mainly attributable to the drop-off of large-scale real estate deals, etc. [Corporate loans*2] Balance of funds extended to support capital expenditure JPY2.9 tn [+3.2%] JPY3.2 tn [+9.3%] JPY3.4 tn [+6.7%] FY23 1-3Q FY24 1-3Q FY25 1-3Q 19.4 [+3.3%] 22.2 [+5.6%]21.0 [+8.1%] 0.74 0.86 1.16 1.19 FY25 full year (Revised plan*3) 22.4 [+5.5%] [ ] represents YoY change Loan rate (%) Average loan balance (JPY tn) [Housing loans*2] 0.91 0.91 1.14 0.88 0.91 1.15 Stock yield (%) FY23 FY24 FY25 0.82 1.12 1.06 0.92 1-3Q1-3Q Full year1-3Q Full year 1.28 New origination (JPY tn) 1.41 Full year (Plan) FY22 FY23 FY24 42.7 112.3 46.9 51.8 1H 3Q 105.8108.8 (JPY bn) FY25 110.0 54.21-3Q 151.5 152.8 164.1 164.2 +2.4, YoY
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Breakdown of the Upward Revision to the FY2025 Earnings Targets (vs. initial targets) 3 HD Consolidated Earnings targets DPS Breakdown of the upward revision (vs. initial targets) Strategic repositioning of securities Strengthening of credit- related provisions Group CRE-related expenses Internal DX-related initiatives, etc. (JPY bn) Net income attributable to owners of parent 240.0 Net income attributable to owners of parent 250.0 Net interest income +13.5 Current revision +10.0 FY2025 Initial target FY2025 Revised target Income taxes (3.5) Impact of the policy interest rate hike in Dec. 2025 +10.0 Other core net operating profit items Other gains and losses Initiatives aimed at stabilizing the management foundation from the next fiscal year onward DPS Change from initial forecast YoY change (4) 29.0 yen - +4.0 yen Interim dividend (5) 14.5 yen - +3.0 yen Full-year dividend (forecast) Change from initial target YoY change (1) 250.0 +10.0 +36.7 (2) 348.5 +13.5 +60.0 Core income (3) 190.0 +4.0 +19.1 Core net operating profit (excluding net gains on cancellation of investment trusts) (JPY bn) Full-year Net income attributable to owners of parent
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Outline of Financial Results for 1-3Q of FY2025 4 *1. Initial full-year target of FY2025: JPY240.0 bn *2. Actual net operating profit - Net gains on cancellation of investment trusts - Net gains on bonds (spot) *3. Total of non-consolidated domestic banking accounts of group banks, deposits include NCDs *4. Interest on yen bonds and income from interest rate swaps *5. Net interest income from domestic loans and deposits + Interest on yen bonds, etc. + Fee income + Operating expenses Net income attributable to owners of parent: JPY222.1 bn Up JPY52.9 bn, or +31.2%, YoY Progress rate against the full-year target*1: 92.5% Core net operating profit (excluding net gains on cancellation of investment trusts)*2 : JPY263.0 bn, Up JPY64.7 bn, or 32.6%, YoY Gross operating profit : JPY597.6 bn, Up JPY82.3 bn, or 15.9%, YoY Net interest income from domestic loans and deposits*3 : Up JPY42.1 bn, YoY Average loan balance: Up 4.12%, YoY, Loan rate: Up by 27bps, YoY Loan rate remains strong compared to the initial plan, and the loan balance continues to maintain a high level Fee income: Up JPY0.1 bn, YoY Progress rate against the full-year plan (JPY230.0 bn): 71.4% Net gains on bonds (including futures): Up JPY2.8 bn, YoY Operating expenses: JPY343.4 bn, increased by JPY14.5 bn, YoY Promote investments in IT and human resources to strengthen the Group’s growth foundation while lowering the OHR Credit costs: JPY3.8 bn (cost), decreased by JPY1.6 bn, YoY 9.9% against the full-year budget of JPY(39.0) bn Continue to strengthen monitoring for signs of deterioration in the quality of credits while watching changes in the external environment HD Consolidated Rate of change (a) (b) (c) (d) (1) 222.1 +52.9 +31.2% 92.5% (2) 97.45 +24.31 +33.2% (3) 1,289.49 +94.09 +7.8% (4) 12.2% +2.3% (5) 10.5% +2.3% Gross operating profit (6) 597.6 +82.3 +15.9% (7) 425.9 +82.8 (8) 299.6 +42.1 (9) 36.9 +9.7 Fee income (10) 164.2 +0.1 Fee income ratio (11) 27.4% (4.3)% (12) 19.8 +0.6 (13) 144.4 (0.4) (14) 7.4 (0.5) (15) (8.7) +2.8 (16) (343.4) (14.5) (4.4)% Cost income ratio (OHR) (17) 57.4% (6.3)% Equity in earnings of investments in affiliates (18) 0.1 (0.7) (19) 254.3 +67.0 +35.8% (20) 263.0 +64.7 +32.6% (21) 157.5 +37.5 +31.2% (22) 65.6 +5.7 (23) (3.8) +1.6 (24) (4.1) +2.9 (25) 312.0 +77.4 +33.0% (26) (88.4) (24.4) (27) (1.4) (0.0)Net income attributable to non-controlling interests Net interest income NII from loans and deposits Trust fees BPS (yen) Fees and commission income Income taxes and other Net income before income taxes and non-controlling interests Credit costs Other gains, net Other operating income Operating expenses (excluding group banks' non-recurring items) Interest on yen bonds, etc.*4 Net gains on stocks (including equity derivatives) Core net operating profit (excluding net gains on cancellation of investment trusts) Core income*5 FY2025 1-3Q(JPY bn) YoY change Progress rate vs. Full-year target*1 Actual net operating profit ROE (stockholders' equity) ROE (TSE standard) EPS (yen) Net income attributable to owners of parent Net gains on bonds (including futures)
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(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) (l) (a)-(c) (1) 597.6 +82.3 549.8 +85.7 325.8 +53.0 104.4 +14.2 80.4 +11.6 39.1 +6.7 47.8 Net interest income (2) 425.9 +82.8 420.0 +85.8 231.8 +48.1 87.4 +20.4 69.3 +12.0 31.4 +5.2 5.8 (3) 299.6 +42.1 299.6 +42.1 171.8 +32.2 47.6 +0.5 57.0 +6.3 23.1 +2.9 (4) 36.9 +9.7 36.9 +9.7 18.1 +4.1 11.7 +3.6 3.5 +0.8 3.5 +1.2 (5) 0.2 (0.3) 0.2 (0.3) (0.8) (1.9) － +0.6 1.1 +1.0 (0.0) (0.0) － Fee income (6) 164.2 +0.1 125.5 (0.9) 84.8 +0.0 22.2 (0.7) 10.7 +0.3 7.7 (0.5) 38.7 Fee income ratio (7) 27.4% (4.3)% 22.8% (4.4)% 26.0% (5.0)% 21.3% (4.1)% 13.3% (1.7)% 19.7% (5.7)% Trust fees (8) 19.8 +0.6 19.8 +0.6 19.8 +0.6 0.0 (0.0) 0.0 (0.0) － － (0.0) Fees and commission income (9) 144.4 (0.4) 105.7 (1.5) 65.0 (0.6) 22.2 (0.6) 10.7 +0.3 7.7 (0.5) 38.7 Other operating income (10) 7.4 (0.5) 4.2 +0.7 9.1 +4.9 (5.2) (5.4) 0.3 (0.6) (0.0) +2.0 3.2 Net gains on bonds (including futures) (11) (8.7) +2.8 (8.9) +2.6 (2.6) +5.4 (6.1) (4.5) (0.0) (0.3) (0.0) +2.1 0.1 (12) (343.4) (14.5) (314.1) (11.9) (174.8) (5.6) (62.9) (2.9) (49.1) (1.1) (27.2) (2.2) (29.2) Cost income ratio (OHR) (13) 57.4% (6.3)% 57.1% (7.9)% 53.6% (8.3)% 60.2% (6.2)% 61.0% (8.7)% 69.5% (7.5)% (14) 0.1 (0.7) 0.1 Actual net operating profit (15) 254.3 +67.0 235.6 +73.8 150.9 +47.4 41.5 +11.3 31.2 +10.5 11.9 +4.4 18.7 (16) 263.0 +64.7 244.5 +71.7 154.1 +44.0 47.6 +14.9 30.6 +10.0 12.1 +2.6 18.5 (17) 157.5 +37.5 148.0 +39.1 99.9 +30.7 18.6 +0.5 22.2 +6.3 7.1 +1.4 9.4 (18) 65.6 +5.7 65.5 +4.7 53.1 +15.0 7.5 (2.5) 0.4 (0.5) 4.3 (7.2) 0.0 Credit costs (19) (3.8) +1.6 (1.4) +4.2 (2.2) +5.1 1.1 +2.3 (0.1) (3.6) (0.2) +0.3 (2.4) Other gains, net (20) (4.1) +2.9 (3.8) +2.5 (1.0) +2.7 (1.1) +0.0 (1.9) (0.2) 0.3 (0.0) (0.2) Net income before income taxes (21) 312.0 +77.4 295.8 +85.4 200.8 +70.4 49.0 +11.1 29.6 +6.2 16.3 (2.3) 16.1 Income taxes and other (22) (88.4) (24.4) (82.4) (25.2) (56.6) (20.0) (14.5) (3.7) (6.5) (2.2) (4.7) +0.8 (23) (1.4) (0.0) (24) 222.1 +52.9 213.4 +60.1 144.1 +50.3 34.5 +7.4 23.1 +3.9 11.6 (1.5) Difference Net income (attributable to owners of parent) YoY Net gains on stocks (including equity derivatives) YoY Gross operating profit Operating expenses (excluding group banks' non-recurring items) (JPY bn) Resona Holdings (Consolidated) RB Core net operating profit (excluding net gains on cancellation of investment trusts) KMB YoY MB YoY Net income attributable to non-controlling interests Equity in earnings of investments in affiliates SR YoY Total of group banks YoY NII from domestic loans and deposits Interest on yen bonds, etc. Net gains on cancellation of investment trusts Core income Breakdown of Financial Results for 1-3Q of FY2025 5 *2 *1*1 *1 *3 *3 *1. Including JPY3.4 bn in dividends from KMB and MB subsidiaries to KMB and MB (JPY2.4 bn to KMB, JPY0.9 bn to MB) (intercompany elimination) *2. Exclude goodwill amortization by KMB, JPY(0.5) bn, related to acquisition of former Biwako Bank *3. Including JPY0.9 bn in gains from the sale of MB subsidiary shares due to group company restructuring (intercompany elimination) HD Consolidated Total of Group Banks
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Factors for the Changes in Net Income Attributable to Owners of Parent (YoY Change) 6 HD Consolidated FY2025 1-3Q FY2024 1-3Q 222.1 (JPY bn) Net gains on stocks (including equity derivatives) +5.7 Actual net operating profit +67.0 Core net operating profit (excluding net gains on cancellation of investment trusts) +64.7 Operating expenses (14.5) Gross operating profit +82.3 Personnel expenses (5.5) Non-personnel expenses (6.9) Income taxes (2.0) Other NII +40.6 +52.9, YoY 169.1 Other items, net (21.5) Credit costs +1.6 Volume factor +13.4 Rate factor +28.7 Settlement related +3.0 AUM +1.7 Succession related (3.9) Act. 24/12 (5.5) 25/12 (3.8) Policy-oriented stock holdings +3.3 (Act.) 24/12 59.4 25/12 62.8 Interest on due from BOJ +36.0 Interest on yen bonds, etc. +9.7 NII from domestic loans and deposits +42.1 Other GOP, net (0.5) Income taxes and other (24.4) Equity in earnings of investments in affiliates (0.7) Fee income +0.1
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Act. YoY*4 Revised plan*1 YoY*4 (a) (b) (c) (d) Avg. bal. (1) 44.86 +4.12% 44.81 +3.54% Rate (2) 1.13% +0.27% 1.16% +0.26% Income (3) 384.2 +104.8 520.3 +131.4 Avg. bal. (4) 42.84 +4.67% 42.90 +4.17% Rate (5) 1.16% +0.26% 1.18% +0.25% Avg. bal. (6) 25.23 +4.72% 25.43 +4.72% Rate (7) 1.16% +0.28% 1.19% +0.26% Avg. bal. (8) 22.22 +5.65% 22.40 +5.55% Rate (9) 1.16% +0.29% 1.19% +0.27% Avg. bal. (10) 14.85 +2.78% 14.85 +2.58% Rate (11) 1.27% +0.26% 1.28% +0.24% Avg. bal. (12) 62.94 (0.17)% 63.25 +0.38% Rate (13) 0.17% +0.13% 0.19% +0.13% Cost (14) (84.5) (62.6) (122.3) (83.3) Spread (15) 0.95% +0.14% 0.96% +0.13% (16) 299.6 +42.1 397.9 +48.0 Loan-to-deposit Deposits (Including NCDs) Excluding loans to the Japanese gov. and others Personal banking business unit*3 Corporate Loan Loans Corporate banking business unit*2 Avg. bal. : Trillion Yen Income/Cost : Billion Yen FY20251-3Q Net interest income 56% 56% 58% 16% 16% 15% 28% 28% 27% 0.75% 0.91% 1.16% -1.50% -1.00% -0.50% 0.00% 0.50% 1.00% 1.50% 2.00% 0% 100% 2024/3 2025/3 2025/12 (1) Fixed rate (2) Prime rate, etc. (3) Market rate Corporate loan rate 94% 95% 95% 6% 5% 5% 0.91% 0.91% 1.14% -2.2% -1.7% -1.2% -0.7% -0.2% 0.3% 0.8% 1.3% 1.8% 2.3% 0% 100% 2024/3 2025/3 2025/12 (1) Fixed rate (2) Variable rate Residential housing loan rate FY2024 FY2025 1-3Q (9 months) 1-3Q (9 months) Full year plan (12 months) Full year (12 months) +42.1 +48.0 +9.0 +17.7 Trend of Loans and Deposits (Domestic Account) 7 *1. Reflecting the impact of the Dec. 2025 policy interest rate hike *2. Corporate loans (excluding loans to HD) + apartment loans, Figures are for internal administration purpose *3. Residential housing loans + other consumer loans, Figures are for internal administration purpose *4. Average balance : rate of change *5. Corporate banking business unit (excluding apartment loans) + public corporation, etc. Net interest income from domestic loans and deposits Average loan / deposit balance, rates and spread [Trends in NII from domestic loans and deposits (YoY change) ] The rise in our housing loan base rates has been taking effect from 2Q, leading to the steady increase Total of Group Banks (JPY bn) Composition of avg. loan balance by interest rate type and loan rate on a stock basis *5 *5 *5 [Corporate loans] (1) (2) (3) [Residential housing loans] (1) (2) 1-3Q of FY25 (YoY) : Avg. loan balance +4.12%, Loan rate +27bps FY25 (Revised plan*1): Avg. loan balance +3.54%, Loan rate +26bps
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38.56 38.33 38.94 38.73 39.18 38.86 39.54 38.96 39.39 39.21 39.90 19.46 19.69 19.56 20.05 19.43 19.72 19.63 19.81 19.79 20.08 19.63 4.36 4.07 3.82 4.85 3.98 3.80 3.75 4.74 3.58 3.55 3.29 62.40 62.10 62.33 63.63 62.60 62.40 62.94 63.52 62.76 62.86 62.83 (0.1)% 23/6 23/9 23/12 24/3 24/6 24/9 24/12 25/3 25/6 25/9 25/12 FY2023 FY2024 FY2025 (1) Other (2) Corporate (3) Personal 13.74 13.79 13.85 13.89 13.94 13.99 14.08 14.19 14.25 14.36 14.54 0.43 0.44 0.44 0.45 0.45 0.46 0.47 0.48 0.49 0.50 0.50 3.03 3.01 2.99 2.99 2.96 2.95 2.94 2.93 2.91 2.90 2.90 15.62 15.74 15.98 16.46 16.37 16.52 16.77 16.93 16.76 17.04 17.31 8.62 8.70 9.01 9.20 9.79 10.01 9.87 10.24 10.77 10.97 11.14 41.47 41.70 42.29 43.01 43.53 43.95 44.15 44.78 45.20 45.79 46.42 +5.1% 23/6 23/9 23/12 24/3 24/6 24/9 24/12 25/3 25/6 25/9 25/12 FY2023 FY2024 FY2025 (1) Corporate (Large companies and other) (2) Corporate (SMEs) (3) Corporate (Apartment loans) (4) Personal (Consumer loans) (5) Personal (Residential housing loans) Term-End Balance of Loans and Deposits 8 Term-end deposit balanceTerm-end loan balance Total of Group Banks JPY tn, % represents YoY change JPY tn, % represents YoY change (12.3)% +0.9% (0.0)%+12.8% (1.1)% +3.2% +6.3% +3.2% Of which, excluding loans to the Japanese gov. and others [JPY1.91 tn] +4.9% (1) (2) (3) (4) (5) (1) (2) (3)
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13.74 13.79 13.85 13.89 13.94 13.99 14.08 14.19 14.25 14.36 14.54 3.03 3.01 2.99 2.99 2.96 2.95 2.94 2.93 2.91 2.90 2.90 16.7816.8116.8416.8816.9016.9417.0217.1217.1717.27 17.45 +2.4% 23/6 23/9 23/12 24/3 24/6 24/9 24/12 25/3 25/6 25/9 25/12 FY2023 FY2024 FY2025 (1) Apartment loans (2) Residential housing loans 0.26 0.27 0.28 0.30 0.28 0.31 0.32 0.35 0.31 0.35 0.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.04 0.04 0.07 0.04 0.06 0.05 0.05 0.04 0.05 0.05 0.29 0.32 0.32 0.37 0.33 0.37 0.37 0.41 0.36 0.40 0.45 +21.3% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2023 FY2024 FY2025 (1) Apartment loans (2) Flat 35 (3) Residential housing loans Housing Loan Business 9 New housing loan origination Term-end housing loan balance Total of Group Banks JPY tn, % represents YoY change +16.7% +22.0% +18.0% (1) (2) (3) JPY tn, % represents YoY change +3.2% (1.1)% (1) (2) 1-3Q 1-3Q 1.08 1.22 +13.2%
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15.4 16.6 16.7 56.3 57.9 61.0 8.8 9.4 10.0 17.6 20.2 18.9 16.5 17.8 13.9 38.0 41.8 43.5 152.8 164.1 164.2 +0.0% 0.0 FY2023 1-3Q FY2024 1-3Q FY2025 1-3Q 17.5 17.5 78.3 82.5 13.9 13.0 31.9 29.5 29.5 28.5 56.5 59.0 227.9 230.0 +0.8% 0% 5% 10% 15% 20% 25% 30% 35% 0.0 200.0 FY2024 FY2025 Fee Income 10 (b)(a) (c) JPY bn, % represents YoY change (6) Other (5) Settlement related*3 (3) Corporate solution (1) AUM*1 *1. Insurance and investment trust (sales commission and trust fees), fund wrap, securities trust and fee income earned by Resona Asset Management *2. Asset and business succession related trust, real estate and M&A income *3. Fees and commission from domestic exchange, account transfer, EB, debit card, etc. and fee income earned by Resona Kessai Service and Resona Card *4. Including fee income earned by Resona Asset Management (2) Succession related*2 (4) Pension trust (1) AUM ・Fund wrap 9.5 ・Investment trust (sales commission) 8.5 ・Insurance 8.0 ・Investment trust (trust fees) 17.5 ・Real estate 17.5 (2) Succession related (6) Other (5) Settlement related (3) Corporate solution (4) Pension trust (d) Progress rate against the full-year plan (JPY230.0 bn): 71.4% Settlement related: Up JPY3.0 bn, YoY AUM: Up JPY1.7 bn, YoY Succession related: Down JPY3.9 bn, YoY HD Consolidated ・Fund wrap*4 ・Housing loan related ・Debit card ・M&A ・Investment trust (sales commission) ・Insurance ・Investment trust (trust fees) 7.1, +1.2% 19.2, +18.0% 6.4, +17.3% 1.5, (21.8)% 5.2, (16.1)% 6.2, +3.1% ・Real estate ・EB 8.2, (28.5)% 9.9, +3.5% 13.0, +4.3% (e) [FY results and plan] (Plan)
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0.6 0.7 0.7 0.8 0.8 1.3 0.8 1.7 1.1 1.7 1.5 1.9 2.0 2.0 2.1 2.2 2.2 2.3 2.3 2.3 2.4 2.6 2.1 2.2 2.2 2.3 2.3 2.3 2.4 2.2 2.2 2.4 2.5 3.1 3.8 3.3 4.0 3.8 4.6 4.0 4.3 3.8 4.6 4.51.4 2.1 1.4 2.6 2.4 2.1 1.7 2.1 1.1 2.0 2.0 2.9 2.1 2.6 2.6 2.2 2.0 1.7 1.8 2.1 2.1 1.9 12.3 13.2 12.4 14.7 13.9 14.7 13.1 14.6 12.8 15.4 15.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2023 FY2024 FY2025 (1) Insurance (2) Investment trust (sales commission) (3) Investment trust (trust fees) (4) Fund wrap (5) Resona Asset Management (6) Securities trust 2.46 2.55 2.99 0.65 0.61 0.65 3.08 3.15 3.31 0.39 0.44 0.546.58 6.77 7.50 14.4% 14.7% 15.8% 0% 5% 10% 15% 2024/3 2025/3 2025/12 Major Fee Businesses (1) (AUM) 11 *1. Based on market value *2. Balance of asset formation support products sold to individuals / (balance of asset formation support products sold to individuals and yen deposits held by individuals) *3. Including corporation and external group *4. NISA, Junior NISA *5. iDeCo participants + members giving investment instructions AUM income Balance of asset formation support products sold to individuals HD Consolidated Balance of fund wrap*1,3: Dec. 2025 JPY842.9 bn, +3.8%, YoY Of which, external group JPY137.0 bn Change in balance of investment trust and fund wrap: 1-3Q of FY25 Approx. +JPY475.0 bn Net inflow (new purchase – withdrawal and redemption): Approx. JPY(26.0) bn Number of individual customers having investment trust, fund wrap and insurance products: Dec. 2025 1,009 thousands, (0.0) thousands, YoY Of which, NISA account holders*4: 472 thousands, +3.2%, YoY iDeCo participants*5: Dec. 2025 214 thousands, +6.8%, YoY Securities trust (total assets in custody): Dec. 2025 JPY53.7 tn （JPY bn） (1) (2) (3) (4) (5) (6) *1 *1 *2 （JPY tn） (1) (2) (3) (4) (1) Foreign currency deposits, Public bonds, etc. (2) Insurance (3) Fund wrap (4) Investment trusts Asset formation support product ratio 1-3Q 43.5, +4.1% 1-3Q 41.8
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2.7 3.2 2.9 3.9 2.9 3.5 2.9 4.4 2.9 3.8 3.2 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2023 FY2024 FY2025 1.4 3.0 2.1 4.3 2.6 2.3 4.1 6.0 1.6 2.2 2.2 0.4 1.2 0.8 1.4 0.5 0.9 0.9 1.6 0.7 0.5 0.7 0.6 1.0 1.2 1.0 0.9 0.5 0.4 1.6 0.5 0.4 0.50.8 2.2 1.2 2.2 0.9 1.8 1.4 2.3 0.8 1.8 1.33.3 7.6 5.5 9.0 5.0 5.7 7.0 11.7 3.7 5.1 4.9 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2023 FY2024 FY2025 (1) Asset and business succession related trust (2) M&A (3) Real estate (individual) (4) Real estate (corporation) 3.3 6.2 4.6 9.4 4.3 6.8 6.1 9.6 3.8 6.2 7.50.6 1.6 1.0 2.2 0.6 1.5 0.8 2.0 0.2 0.6 0.3 3.9 7.9 5.7 11.7 4.9 8.3 6.9 11.6 4.0 6.9 7.9 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2023 FY2024 FY2025 (1) Private placement bonds (2) Commitment line, Syndicated loans, Covenants Major Fee Businesses (2) (Succession, Corporate Solution, Pension Trust) 12 Succession related income Corporate solutions business income （JPY bn） (1) (2) (3) (4) *1 Pension trust income （JPY bn） （JPY bn） *1. Excluding gains from investments in real estate funds (1) (2) HD Consolidated 1-3Q 1-3Q 17.8 13.9, (22.1)% 1-3Q 1-3Q 9.4 10.0, +5.7% 1-3Q 1-3Q 20.2 18.9, (6.6)%
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1.34% 1.17% 1.08% 1.55% 1.33% 1.22% 0 166.7 167.8 169.0 371.6 326.2 297.4 52.7 43.9 46.3 591.1 538.0 512.8 0% 1% 2% 0 2024/3 2025/3 2025/12 (JPY bn) (1) Unrecoverable or valueless claims (2) Risk claims (3) Special attention loans NPL ratio (Reference) NPL ratio (HD consolidated) HD Consolidated Total of Group BanksCredit Costs and NPL 13 (Note) Positive figures represent reversal gains (Financial Reconstruction Act criteria)) *1. Credit costs / (Loans and bills discounted + acceptances and guarantees), (Simple average of the balances at the beginning and end of the term) *2. Credit costs / Total credits defined under the Financial Reconstruction Act , (Simple average of the balances at the begi nning and end of the term) NPL balance and ratio (Total of group banks)Credit costs (1) (2) (3) 1-3Q 1-3Q Plan (a) (b) (c) (d) (e) (1) (35.6) (5.5) (11.5) (3.8) (39.0) (2) (29.6) (5.7) (10.2) (1.4) (37.5) General reserve (3) (1.4) 2.5 (0.7) 3.6 (4) (28.1) (8.3) (9.4) (5.1) (5) (40.8) (38.5) (49.5) (18.1) (6) 12.7 30.2 40.1 12.9 (7) (6.0) 0.1 (1.3) (2.4) (1.5) (8) 2.5 1.8 1.7 (0.7) (9) (2.0) (1.4) (1.9) (1.5) <Credit cost ratio> (bps) (10) (8.4) (1.6) (2.6) (1.1) (8.4) (11) (6.8) (1.7) (2.2) (0.4) (8.0) FY2025FY2024FY2023 Total of group banks Specific reserve and other items HD consolidated Total of group banks*2 Of which, housing loan guarantee subsidiaries Difference (1) - (2) Of which, Resona Card New bankruptcy, downward migration Collection/ upward migration and other items HD consolidated*1 (JPY bn) 英語
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469.2 511.7 560.1 1,002.1 889.2 1,217.1 1,049.3 839.8 722.2 627.1 608.6 552.4 539.3 1,466.5 1,962.7 261.6 227.0 211.8 3,948.8 4,543.2 5,226.7 2024/3 2025/3 2025/12 643.4 Private placement bonds 684.0 539.3 Bonds held to maturity Of which, JGBs 4,609.2 2,737.0 5,094.2 3,130.9 5,603.3 3,576.9 [Reference] （JPY bn） (a) (b) (c) (3) Local government bonds (5) Foreign bonds (6) Investment trusts (Domestic), etc. (2) JGBs (1) Stocks (4) Corporate bonds Securities Portfolio 14 *1. Acquisition cost basis. Stocks and others without a quoted market price and investments in partnerships are excluded *2. Available-for-sale securities Net unrealized gains of available-for-sale securitiesBalance of available-for-sale securities*1 Total of Group Banks Average duration / BPV of JGBs and foreign bonds *2 2024/3 2025/3 2025/12 (a) (b) (c) (1) 663.3 476.0 617.2 Stocks (2) 768.7 620.6 744.5 JGBs (3) (39.7) (83.2) (132.9) After hedging (4) (29.2) (58.2) (79.5) (5) (9.8) (23.4) (26.2) Corporate bonds (6) (16.1) (14.6) (22.5) Foreign bonds (7) (38.0) (16.1) (8.1) (8) (1.5) (7.0) 62.5 (JPY bn, before hedging) Investment trusts (Domestic), etc. Available-for-sale securities Local government bonds 2024/3 2025/3 2025/12 (a) (b) (c) Before hedging (1) 11.9 7.8 7.4 After hedging (2) 9.2 5.9 6.1 Before hedging (3) (0.60) (1.09) (1.37) After hedging (4) (0.24) (0.73) (0.83) (5) 5.5 5.4 5.0 (6) (0.41) (0.37) (0.51) Average duration : years Basis point value (BPV) : JPY bn JGBs Average duration BPV Foreign bonds Average duration BPV
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Structural reforms and the strengthening of foundations, which are both necessary to realize CX Expansion of IT and human resource investments Address issues confronting our customers and society as a whole Expansion of organic and inorganic growth investments Deliver even greater shareholder returns Expand income Improve capital efficiency Utilize capital to accelerate investments aimed at sustainable growth Resona group has established the “Policy for the Voting Right Exercise Standards of Holding Policy-Oriented Stocks” in relation to exercise the voting rights of policy-oriented stocks. We have built a process to individually judge and verify the approval or disapproval of all proposals. Reduce over 2/3 of book value by the end of Mar. 2030 compared to the end of Mar. 2024 ⇒ Reduce the fair value-based ratio to consolidated net assets to 10% level (Will reduce the ratio to the 20% level at the end of Mar. 2027 in the best-case scenario) Plan for Reduction (Released in May 2024) Balance of listed stocks disposed (acquisition cost basis): JPY15.2 bn Net gain on sale: Total of group banks JPY61.9 bn HD consolidated JPY62.5 bn <1-3Q of FY25 (Act.)> [Trends in stock holdings*2] Create capital equivalent to JPY300.0 bn (1.5% of CET1 ratio) 956.41,030.4 211.8 261.6 397.8 1,397.0 2003/3 2005/3 2024/3 2025/12 2030/3 37% 10% level (JPY bn) 32% Approx. JPY(1) tn The fair value-based ratio to consolidated net assets Vs 2003/3 Approx. (94)％ Fair value No reallocation to pure investment stocks Vs 2024/3 Reduce over 2/3 Policy-Oriented Stock Holdings*1 15 Total of Group Banks *1. Policy-oriented stocks are classified into (i) policy investment stocks and (ii) strategic investment stocks, according to the purpose of holding. Of these, (i) policy investment stocks are targeted for reduction of the balance. All listed shares held by group banks are ( i) policy investment stocks *2. Total of group banks. The presented figures include marketable securities only Create new value to be delivered to customers/ Create management resources that can be allocated to growth investment and structural reforms
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Other liabilities JPY11.2 tn BOJ loans JPY3.4 tn Other 5.0% Loans JPY 46.1 tn Securities JPY11.7 tn JGB JPY5.4 tn Other assets JPY19.7 tn Deposits at BOJ JPY15.4 tn Deposits JPY 62.6 tn NCDs JPY0.6 tn Total equity JPY2.9 tn SMEs*1 37.3% Housing loans*1 37.6% Personal deposits*1 63.7% Corporate deposits*1 31.3% Large companies and other*1 25.1% (Reference) BS Management Approach Aligned with Possible Hikes in Yen Interest Rates 16 *1. Total of group banks *2. Applicable to excess reserves (Jan. 27, 2025- 0.50%, Dec. 22, 2025- 0.75%) *3. Total group of banks, TEIKOKU DATABANK (2025) *4. Excluding NCDs *5. Top 10 regional banking groups by consolidated total assets Leverage the advantages of the balance sheet (BS) during a period of rising interest rates to turnaround and raise ROA Proactively respond to diverse funding demands Balance of loans: +JPY2.2 tn, YoY Avg. balance of corporate loans: +5.6%, YoY New housing loan origination: +14.9%, YoY Reconstructing the securities portfolio to ensure stable interest income over the medium to long term Balance of securities: +JPY1.6 tn, YoY Accelerating capital circulation to improve ROE Maintain and expand of deposit base centered on retail, which boasts strong retention Balance of deposits: JPY(0.1) tn, YoY Overwhelming convenience ⇒ Higher switching costs • # of Banking App DL: 10.02 mil • # of debit card issued: 3.37 mil # of companies naming the Resona Group as their main bank*3: 69 thousands Expand AUM; accelerate the shift from savings to investment # of individual customers having investment trust, fund wrap and insurance products: 1,009 thousands Interest on policy rates*2 End of Dec. 2025 Total assets JPY77.5 tn 0.59% 0.14% 0.38% FY11 FY21 1-3Q of FY25 [Trends in ROA] 107% 77% Mar. 2012 Mar. 2022 [Trends in ratio of loans and securities to deposits*4] Avg. of top regional banks*5 (Sep. 2025): 106% (loan-to-deposit ratio 83%, securities-to-deposit ratio 22%) 92% Dec. 2025 Loan-to- deposit ratio Securities-to- deposit ratio 73% 18%
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Fixed Rate 19% Market Rate*3 35% Prime Rate 13% Prime Rate 32% Fixed Rate 2% Individual (JPY15.2 tn) 33% Corporation*2 (JPY30.7 tn) 67% Corporation (JPY19.6 tn) 33% Individual (JPY39.9 tn) 67% Liquid deposits 26% Time deposits 6% Other 1% Other 0.2% Time deposits 14% Liquid deposits 53% (Reference) Possible Impact on Earnings while JPY Interest Rate Hikes (provisional calculation) 17 After the impact of interest rate hikes has completely materialized, we expect ROE defined by TSE to reach 10% Composition of loan portfolio*1 (JPY bn) 0.50%→0.75% 0.25%→0.50% Negative interest rate cancellation →0.25% Negative interest rate cancellation ＜Assumption for provisional calculation＞ Balance sheet : Unchanged (~ 0.25% : As of end of Mar. 2024, 0.25→0.50% : As of end of Sep. 2024, 0.50→0.75% : As of end of Sep. 2025) Reflecting the impact on loans, investment bonds and time deposits with interest rates that will be updated within a year, as well as savings accounts and ordinary deposits, deposits at the BOJ and others (*1-3Q of FY25 (Act.) compared to 1-3Q of FY23) Composition of deposits*1,4 JPY16.0 tn45% JPY20.5 tn 20% JPY9.3 tn [Amount increase in gross operating profit due to policy interest rate hike (vs FY23)] *1. Total of group banks *2. Including apartment loans *3. Market rate-linked loans include the fixed-rate (spread) loans maturing in less than one year *4. Domestic individual deposits + Domestic corporate deposits 1-3Q FY2025 (Act.) Annual basis after the impact of interest rate hikes has completely materialized +77.0 +115.0 +170.0 ~0.50% +113.0 0.50%~ 0.75% +57.0 [+82.0, YoY] FY2024 (Act.) +33.0 [+60.0, YoY] FY2025
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(Reference) Outline of Financial Results of Each Segment 18 Gross operating profit of “Markets” segment includes a part of net gains/losses on stocks. Definition of management accounting (JPY bn) Personal +30.1 Corporate +12.8 Customer divisions +43.0 [Next page for details] Markets and Other +25.8 Actual net operating profit 187.7 Actual net operating profit 256.6 +68.9 FY2024 1-3Q FY2025 1-3Q HD Consolidated FY2025 1-3Q YoY Change Gross operating profit (1) 656.2 +56.9 Operating expenses (2) (341.4) (13.1) Actual net operating profit (3) 314.7 +43.0 Gross operating profit (4) 304.5 +36.5 Operating expenses (5) (177.0) (6.3) Actual net operating profit (6) 127.4 +30.1 Gross operating profit (7) 351.6 +20.3 Operating expenses (8) (164.3) (6.7) Actual net operating profit (9) 187.3 +12.8 Gross operating profit (10) (56.2) +27.3 Operating expenses (11) (1.9) (1.4) Actual net operating profit (12) (58.0) +25.8 Gross operating profit (13) 599.9 +84.2 Operating expenses (14) (343.4) (14.5) Actual net operating profit (15) 256.6 +68.9 (JPY bn) Total Customer divisions Personal banking Corporate banking Markets and other 英語
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(Reference) Outline of Financial Results of Customer Divisions 19 Actual net operating profit: Up JPY30.1 bn, YoY Actual net operating profit: Up JPY12.8 bn, YoY Personal banking segment Corporate banking segment FY2024 1-3Q (JPY bn) +12.8+30.1 FY2025 1-3Q FY2024 1-3Q Actual net operating profit 97.2 Actual net operating profit 127.4 Gross operating profit +36.5 Operating expenses (6.3) Other items, net +0.6 Real estate (0.4) Asset formation support (0.3) Segment interest spread +36.7 (JPY bn) Actual net operating profit 174.4 Actual net operating profit 187.3 Gross operating profit +20.3 Operating expenses (6.7) Other items, net (3.2) Real estate (excluding equity invest- ments) (2.7) Corporate solution (2.4) Trust related +3.5Segment interest spread +25.3 FY2025 1-3Q Loans +3.7 Deposits +21.6 Loans (7.4) Deposits +44.2 HD Consolidated Equity in earnings of investments in affiliates (0.7) FY2025 1-3Q Segment interest spread Asset formation support Real estate Other 304.5 245.0 28.1 2.0 29.3 (177.0) Gross operating profit Operating expenses FY2025 1-3Q Segment interest spread Real estate Corporate solution Trust related Other 351.6 200.5 6.2 21.7 27.8 95.2 (164.3) (0.0) Gross operating profit Operating expenses Equity in earnings of inv estments in af f iliates
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Abbreviations and definitions of the figures presented in this material are as follows: The forward-looking statements contained in this material may be subject to material change due to the following factors. These factors may include changes in the level of stock price in Japan, any change related to the government’s and central bank’s policies, laws, business practices and their interpretation, emergence of new corporate bankruptcies, changes in the economic environment in Japan and abroad and any other factors which are beyond control of the Resona Group. These forward-looking statements are not intended to provide any guarantees of the Group's future performance. Please also note that the actual performance may differ from these statements. [HD] Resona Holdings*1 [RB] Resona Bank [SR] Saitama Resona Bank [KMB] Kansai Mirai Bank*2 [MB] Minato Bank *1 Resona Holdings and [KMFG] Kansai Mirai Financial Group merged on April 1, 2024 *2 [KU] Kansai Urban Banking Corporation and [KO] Kinki Osaka Bank merged on April 1, 2019 Negative figures represent items that would reduce net income. Figures include data for internal administration purpose.