Announcement Regarding the Revision of Earnings Targets for the First Half of Fiscal Year 2017
October 31, 2017
Resona Holdings, Inc.
Resona Holdings, Inc. revised its earnings targets for the first half of fiscal year 2017 which it announced on May 12, 2017 as below.
1. Revision of the Earnings Targets
(1) Consolidated Earnings Targets of the First Half of Fiscal Year 2017 (April 1, 2017 - September 30, 2017)
Net Income Attributable to Owners of the Parent
Net Income per Share of Common Stock
|Previous targets (A) (Announced on May 12, 2017)||
|Revised targets (B)||94.0||39.79|
|Change (B - A)||+21.0||―|
|Rate of change (%)||+28.7||―|
|(Reference) First half of fiscal year 2016||96.9||40.17|
(2) Reason to Revise the Consolidated Earnings Targets
The previous earnings target in terms of net interim income attributable to owners of the parent is revised upward due to the one-time gain arising from the realignment of loan guarantee subsidiaries (approx. JPY14.0 billion) which was announced on September 28, 2017 and the expected improvement in credit expenses at group banks from their respective targets.
2. Earnings Targets for the Fiscal Year 2017 (Full Year)
Details of earnings targets for fiscal year 2017 will be announced separately when Resona Holdings announces its business results for the first half of fiscal year 2017.
*With regard to "Earnings Targets of Group Banks for the First Half of Fiscal Year 2017", "Classified Claims under the Financial Reconstruction Act Criteria (Total of Group Banks)", and "Estimated Unrealized Gain/ (Loss) on Available-for-Sale Securities (Total of Group Banks)" , please refer to the attached PDF