Okinawa Financial Group Reports First Quarter Impairment Losses

TOKYO, Jul 23 (Pulse News Wire) – Okinawa Financial Group,inc. (7350.F) reported impairment losses totaling ¥10.40 billion on securities held-to-maturity as of March 31, 2027.

The impairment loss represents a significant portion of the company's total assets, amounting to 65.8% of the group’s ordinary profit for the fiscal year ended March 2026, which was ¥15.80 billion. Additionally, it accounts for 92.0% of the parent company shareholders' net income for the same period, which stood at ¥11.29 billion. Regarding the impact on future performance, the company stated there would be no changes to previously disclosed earnings forecasts and dividend expectations announced on May 15, 2026.

However, the company emphasized that these forward-looking statements are based on current information and assumptions and do not guarantee future results, which could vary due to various factors. In supplementary notes, the firm highlighted that the first quarter ends on June 30 for both the company and its subsidiaries. As of March 31, 2027, the carrying value of the securities was ¥42.79 billion, while their fair value was assessed at ¥32.40 billion, resulting in a net impairment loss of -¥10.40 billion.