Resona Holdings, Inc. [8308.T]
TOKYO, Mar 31 (Pulse News Wire) – Resona Holdings, Inc. (8308.T) reported impairment losses related to its holdings in affiliated companies for the fiscal year ending March 31, 2026.
Specifically, the company recorded a loss of ¥44.90 billion due to a decline in the market value of shares held in Digital Garage Co., Ltd. below their acquisition cost by more than 50%. Additionally, under the equity method accounting, Resona will recognize a goodwill impairment charge of ¥44.90 billion, leading to a holding gain or loss expense. The company noted that there would be no revision to its previously announced consolidated operating targets for the fiscal year 2026, which includes a forecasted net income attributable to shareholders of the parent of ¥250.0 billion for the interim period and ¥14 million for the final period.
Similarly, dividend expectations remain unchanged. Regarding the impact on capital adequacy ratios, the goodwill impairment will not affect the calculation since such items are deducted from equity. Resona emphasized that despite the impairment charges, the strategic importance of Digital Garage remains unchanged, particularly in advancing fintech services and supporting startups within the payment sector. Since signing a capital and business alliance agreement with Digital Garage in November 2022, Resona has progressively increased its stake, culminating in making Digital Garage a partially owned affiliate in September 2025.
Despite the competitive landscape evolving rapidly due to cashless trends and diverse payment methods, Resona plans to continue leveraging Digital Garage's expertise in payments and fintech innovations to develop comprehensive solutions addressing customer needs and societal challenges.
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