Resona (8308) Q2 2026 earnings summary

Executive summary

• Core operating profit in the Semiconductor and Electronic Materials segment reached a record high in Q3, driven by strong demand for advanced semiconductors used in AI and inventory demand for smartphones.

• Net income attributable to owners of parent reached JPY142.8 billion, up 25% year-over-year, achieving 59.5% of the full-year target.

• Ordinary income rose 16.2% year-over-year to ¥620.8 billion for the first half of FY2025, with comprehensive income surging 243.2% year-over-year to ¥212.6 billion.

• Year-on-year core operating profit increased, offsetting weakness in the Chemicals segment.

• Key drivers included policy rate hike effects, proactive balance sheet management, and cost control.

Financial highlights

• Q1–Q3 revenue was JPY 986.3 billion, down JPY 43 billion year-on-year due to declines in Chemicals and Crasus Chemical segments.

• Core operating profit rose to JPY 72.8 billion, up JPY 4 billion year-on-year.

• Net interest income from domestic loans and deposits increased by JPY24.0 billion year-over-year to JPY195.4 billion.

• Ordinary profits increased 23.6% year-over-year to ¥199.7 billion.

• Net income per share rose to ¥62.55 from ¥49.30 year-over-year.

Outlook and guidance

• Full-year forecasts remain unchanged as of the February 13 announcement.

• FY2025 net income target is ¥240 billion, a 12.5% increase year-over-year.

• Management expects continued benefit from higher policy rates and ongoing cost control.