Source disclosure: January 29, 2026
T&D Holdings, Inc. [8795.T]
TOKYO, Jan 29 (Pulse News Wire) – T&D Holdings, Inc. (8795.T) reported a total unrealized loss of ¥1.60 trillion on its securities portfolio as of the end of the third quarter of fiscal 2026.
The company noted that this represents a ratio of 807.6% percent compared to its ordinary profit of ¥198.6 billion for the fiscal year ended March 2025. Additionally, the net income attributable to shareholders of the parent company for the same period was ¥126.4 billion, resulting in a ratio of 1268.7% percent based on the unrealized loss. As of the reporting date, the book value of the targeted securities stood at ¥6.58 trillion, comprising bonds held-to-maturity worth ¥602.5 billion and liability-matching bonds valued at ¥5.98 trillion. The fair value of these securities was recorded at ¥4.98 trillion, with bonds held-to-maturity valued at ¥505.3 billion and liability-matching bonds at ¥4.48 trillion.
Regarding the impact on performance, T&D Holdings stated that there would be no immediate changes to its full-year consolidated operating forecast for the fiscal year ending March 31, 2026, which was previously disclosed on May 15, 2025. However, the company emphasized that it would promptly disclose any significant developments affecting future forecasts. It should be noted that the bonds held-to-maturity and liability-matching bonds serve as assets corresponding to insurance liabilities. In cases of rising interest rates, while the fair value of such assets decreases, so does the economic value of the matching liabilities, effectively offsetting their impact on overall financial health.
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