Unrealized Losses on Securities from Higher Interest Rates and Market Volatility Risk
First written in FY2023. 10 of 11 entries say "Worsened", first in FY2024-Q2. Latest entry: 2026-08-06.
Rakuten Bank moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 69 of 144 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedEarnings
「The fair value difference on held-to-maturity bonds increased from negative ¥41,672 million at the end of March 2025 to negative ¥46,104 million, worsening exposure to unrealized losses in an environment of rising interest rates.」
四半期末の満期保有目的の債券の時価差額は△69,651百万円となり、前年度末の△68,386百万円から含み損が拡大した。 - FY2026WorsenedAnnual report
「Held-to-maturity bonds | 1,532,891 | 1,464,504 | △68,386」
The fair value difference on held-to-maturity bonds increased from negative ¥41,672 million at the end of March 2025 to negative ¥68,386 million. The company disclosed a present value impact of ¥2,008 million for a 10-basis-point change in interest rates. - FY2026-H1WorsenedAnnual report
「Held-to-maturity bonds | 1,456,585 | 1,410,480 | △46,104」
The fair value difference on held-to-maturity bonds increased from negative ¥41,672 million at the end of March 2025 to negative ¥46,104 million, worsening exposure to unrealized losses in an environment of rising interest rates. - FY2025WorsenedAnnual report
「The total fair value difference on held-to-maturity bonds was negative ¥41,672 million, while the valuation difference on other securities was negative ¥18,088 million.」
Unrealized losses on held-to-maturity bonds increased from negative ¥12,401 million in the previous fiscal year to negative ¥41,672 million, and the valuation difference on other securities also increased from negative ¥8,809 million to negative ¥18,088 million. The company disclosed a present value impact of ¥2,863 million for a 10-basis-point change in interest rates. - FY2025-H1WorsenedAnnual report
「Held-to-maturity bonds | 1,047,482 | 1,032,495 | △14,986」
The fair value difference on held-to-maturity bonds increased from negative ¥12,401 million at the end of March 2024 to negative ¥14,986 million. The valuation difference on other securities was also negative ¥14,045 million, worsening exposure to unrealized losses in an environment of rising interest rates. - FY2024WorsenedAnnual report
「As of 31 March 2024, assuming that all risk variables other than interest rates remained constant, we recognize that if all benchmark interest rates rose by 10 basis points (0.1%), present value would increase by ¥3,056 million, while a 10-basis-point (0.1%) decline would reduce present value by ¥3,056 million.」
The disclosed present value impact of a 10-basis-point change increased from ¥1,362 million in the previous period to ¥3,056 million. The fair value difference on held-to-maturity bonds also increased to negative ¥12,401 million. - FY2024-Q3WorsenedAnnual report
「Total | 690,934 | 681,861 | △9,072」
The fair value difference on held-to-maturity bonds increased from negative ¥5,703 million at the end of the previous fiscal year to negative ¥9,072 million. The valuation difference on other securities also changed from negative ¥7,364 million to negative ¥7,955 million, worsening exposure to unrealized losses in an environment of rising interest rates. - FY2024-Q2WorsenedAnnual report
「Held-to-maturity bonds | Total | 522,051 | 516,347 | △5,703」
The fair value difference on held-to-maturity bonds was negative ¥5,703 million, and exposure to unrealized losses on securities has increased in an environment of rising interest rates. The valuation difference on other securities also changed from negative ¥7,364 million to negative ¥10,933 million. - FY2023First statedAnnual report
「Following the Bank of Japan's review of its operation of long-term interest rates under yield curve control, a gradual increase in the yields on assets linked to medium- and long-term interest rates among our bank's operating assets could increase our profits. At the same time, unrealized losses could arise or increase on our bank's fixed-rate securities.」
The company quantitatively disclosed the present value impact of ¥1,362 million for a 10-basis-point change in interest rates.