Resona Holdings has signed a capital and business alliance with M&A Capital Partners, listed in Tokyo under securities code 6080, and will buy 1,589,900 of its common shares from the firm's president and one of its directors, according to the release.
The two firms will refer clients with M&A needs to each other and work together on brokerage and financial advisory mandates. The share transfer is scheduled for 13 November 2026. Resona also raised its net profit forecast for this fiscal year, according to Kabutan, and published its results for the first half of fiscal year 2026 together with a revision of its earnings target.
WHAT THE ALLIANCE COVERS
The partners will consider joint measures suited to the regions and clients of each Resona group bank, and strengthen M&A support for business succession, growth and industry consolidation. They will exchange staff through secondments to share M&A expertise and train M&A specialists.
Japan's mid-sized and smaller companies face ageing owners and a shortage of successors, and more of them are using M&A for growth, consolidation and to acquire people and technology, the release said. M&A Capital Partners expects the alliance to have only a minor effect on its consolidated results for the year to September 2027.
OTHER STAKE DEALS
Resona says it treats the succession of businesses and assets as a key area in its aim of becoming "No. 1 in retail". On 1 October 2026 JR West bought shares of Kansai Mirai Bank from Resona for 90 billion yen and now holds 20.0% of its voting rights.
Resona is also buying a 2.24% stake in the card company JCB, a purchase it expects to complete around mid-November, after which the group will hold 5.27% of JCB's shares.
Japan's three global systemically important banks are MUFG, Sumitomo Mitsui Financial Group and Mizuho; the next tier comprises Japan Post Bank, Norinchukin, trust bank groups and Resona. The regional tier comprised 97 banks at the end of March 2026, many of them serving shrinking local economies, according to TGB's market profile of Japan.
THE TGB VIEW
Resona ranks 36th among the largest banks in Asia-Pacific in the TGB Bank Rankings, which rank banks by total assets in US$ billions, with assets of US$478.0 billion at the end of March 2026 and a return on equity of 8.9%, the same return as Sumitomo Mitsui Trust Group in 34th place. The alliance adds a listed M&A firm's brokerage and advisory work to the succession business Resona calls a key area, after it sold a Kansai Mirai Bank stake to JR West and agreed to buy more of JCB. The next dates to watch are 13 November, when the shares are due to change hands, and mid-November, when the JCB purchase is due to complete.
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