Okinawa Financial Group, Inc. [7350.T]
TOKYO, Apr 23 (Pulse News Wire) – Okinawa Financial Group,inc. (7350.T) reported a total unrealized loss of ¥1,200 billion on securities held to maturity by its subsidiary, Okinawa Bank Co., Ltd., as of March 2026.
This figure represents a significant decline compared to the previous fiscal year's ordinary profit of ¥120 billion and net income attributable to shareholders of the parent company of ¥30 billion. The unrealized loss constitutes approximately 10 times the prior year’s ordinary profit and nearly 40 times the net income. Despite the substantial unrealized losses, the company maintains its previously disclosed earnings forecast and dividend expectations for the fiscal year ending March 2026 without any changes.
However, the company cautions that future performance could differ significantly due to various factors. The total book value of the targeted securities was ¥1,500 billion, while their fair value stood at ¥300 billion. Additionally, the total unrealized gain on securities as of March 2026 amounted to ¥-900,000 million, resulting in a net unrealized loss of ¥2,100 billion.
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