TOKYO, Mar 26 (Pulse News Wire) – Suruga Bank Ltd. (8358.T) reported a loss related to bond portfolio adjustments during its fiscal year ending March 2026.
According to the bank's filing, the loss stems from the compression of certain long-term bonds holding valuation losses, aimed at enhancing the quality of its securities portfolio. In the third quarter of the fiscal year, the bank recorded a securities-related profit of ¥4.029 billion. However, for the entire fiscal year, the bank expects a securities-related loss of ¥7.009 billion, with a reduction of ¥3 billion compared to previous estimates. Specifically, the bond sale resulted in a realized loss of ¥2.900 billion.
The decision to compress the bond portfolio was made considering recent market trends, focusing primarily on long-term bonds carrying valuation losses. Despite this adjustment, the fourth-quarter loss due to bond sales remains within the initially estimated range of approximately ¥3 billion. As a result, the bank does not anticipate changes to its previously disclosed full-year earnings forecasts for the fiscal year ending March 2026, which were published on November 7, 2025. Any further developments requiring disclosure will be communicated promptly.
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