Announcement Regarding the Consolidated Business Results for the Fiscal Year 2018
April 26, 2019
Resona Holdings, Inc.
Resona Holdings, Inc. (RHD) hereby announces that its consolidated ordinary income for the fiscal year 2018 is expected to differ materially from the same result for the previous fiscal year as described in the following.
On April 5, 2019, RHD issued the announcement titled "Announcement Regarding the Revision of Earnings Targets for the Fiscal Year 2018" to revise its guidance for net income attributable to owners of the parent for the fiscal year 2018 since the estimated result was expected to differ from the guidance. The prior revision will not be affected by this announcement.
- 1.Difference between the consolidated business results for the fiscal year 2018(April 1, 2018-March 31, 2019) and those for the fiscal year 2017
|Ordinary Income||(Reference) Ordinary Profits|
|Fiscal Year 2017 (A)
|Fiscal Year 2018 (B)||860.0||200.0|
|Change (B - A)||+117.0||(17.7)|
|Rate of change (%)||+15.8||(8.2)|
- 2.Reason for the Difference
RHD's consolidated ordinary income is expected to increase materially in comparison with the actual result for the previous fiscal year since its consolidated subsidiary, Kansai Mirai Financial Group, Inc. acquired Kansai Urban Banking Corporation and the Minato Bank, Ltd. as its fully owned subsidiaries effective from fiscal year 2018.
- *Earnings reported herein are based on the data available as of the date on which this material is announced. Please be aware that actual results may differ from the above due to various factors.