THE Tohoku BANK Tohoku Bank Reports First Quarter Impairment Losses on Securities

TOKYO, Jul 23 (Pulse News Wire) – THE Tohoku Bank,ltd. (8349.T) reported impairment losses totaling ¥2.138 billion on securities held-to-maturity as of March 2027's first quarter end.

This compares to ordinary profit of ¥2.523 billion and net income attributable to shareholders of ¥1.693 billion for the fiscal year ended March 2026. The impairment loss represents 84.7% of the previous fiscal year’s ordinary profit and 126.2% of the same period’s net income. Notably, the fair value of the targeted securities was ¥25.42 billion compared to their book value of ¥27.56 billion.

Despite the impairment, the bank maintains its previously disclosed earnings forecast for the fiscal year ending March 2027, which was last updated on May 12, 2026. The bank’s first quarter-end is June 30. As of the reporting period, there was a total impairment loss of -¥2.138 billion, reflecting a negative impact on the securities' fair value.