Resona Holdings Inc

8308: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Resona: Higher Margins and Better Cost Containment; Our Valuation Rises 36% to JPY 1,850

Lorraine Tan

Jan 19, 2026

We review our assumptions on Resona, given the company's cost guidance and recent improvement in its net interest margin.

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United States

Resona Holdings Inc

Resona: Higher Margins and Better Cost Containment; Our Valuation Rises 36% to JPY 1,850

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