Major Review of the Securities Investment Portfolio and Stable Management
First written in FY2021-Q2. 7 of 17 entries say "Advanced", first in FY2021-Q3. Latest entry: 2026-08-07.
1 other company's latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「The balance of securities declined by ¥638.6 million from the end of the previous consolidated fiscal year to ¥343.279 billion.」
The securities balance declined from the end of March 2026, and the Company continues the portfolio-reduction and investment policy aimed at eliminating valuation losses described in the previous fiscal year. - FY2026AdvancedAnnual report
「The balance of securities declined by ¥12.9 billion from the end of the previous consolidated fiscal year to ¥349.6 billion, as the Company is working to eliminate valuation losses over the medium to long term, including by applying investment-generated income for that purpose.」
The policy of allocating investment income to eliminate unrealized losses was outlined for the securities portfolio, which was reduced by ¥12.9 billion from the end of the previous fiscal year. - FY2026-H1RestatedAnnual report
「The balance of securities increased by ¥4.602 billion from the end of the previous consolidated fiscal year to ¥367.221 billion.」
The trend of an increase in the balance through reinvestment after the previous fiscal year's securities sales continued, with the balance of securities increasing by ¥4.602 billion during the interim period. - FY2025Reversal to an increase in the securities balance through reinvestment after the saleAnnual report
「The balance of securities increased by ¥15.5 billion from the end of the previous consolidated fiscal year to ¥362.6 billion, mainly because proceeds from securities sold in the previous fiscal year were reinvested.」
Following the substantial reduction in the securities portfolio in the previous fiscal year, the balance increased from ¥347.0 billion to ¥362.6 billion through reinvestment of the sale proceeds. - FY2024AdvancedAnnual report
「The balance of securities decreased by ¥147.3 billion from the end of the previous consolidated fiscal year to ¥347.0 billion, mainly because some securities were sold to review the portfolio in light of financial market trends.」
The portfolio review progressed into actual partial sales and a substantial reduction, with the balance of securities decreasing by ¥147.3 billion from the end of the previous fiscal year. A loss on redemption of bonds, including government bonds, of ¥7,168 million was also recorded. - FY2024-Q3RestatedAnnual report
「Our group will consult with the SBI Group and reinvest within the funds in highly creditworthy overseas bonds, including government bonds from North America and Europe. A portion of the resulting income will be allocated successively to eliminating the unrealized losses, as we work toward resolving them over the medium to long term.」
The phased policy of reinvesting in highly creditworthy overseas bonds after the temporary shift to short-term bonds and using the resulting income to eliminate unrealized losses is continuing. - FY2024-Q2RestatedAnnual report
「Our group will continue to consult with the SBI Group and reinvest within the funds in highly creditworthy overseas bonds, including government bonds from North America and Europe. A portion of the resulting income will be allocated successively to eliminating the unrealized losses, as we work toward resolving them over the medium to long term.」
The phased policy of reinvesting in highly creditworthy overseas bonds after the temporary shift to short-term bonds and using the resulting income to eliminate unrealized losses is continuing. - FY2024-Q1RestatedAnnual report
「Our group will continue to consult with the SBI Group and reinvest within the funds in highly creditworthy overseas bonds, including government bonds from North America and Europe. A portion of the resulting income will be allocated successively to eliminating the unrealized losses, as we work toward resolving them over the medium to long term.」
The phased policy of consulting with the SBI Group after the temporary shift to short-term bonds, reinvesting in highly creditworthy overseas bonds, and allocating the resulting income to eliminate unrealized losses is continuing. - FY2023-Q3AdvancedAnnual report
「Accordingly, the two banks have temporarily shifted investments within the funds to short-term bonds, including Japanese government bonds, to prevent further expansion of unrealized losses. Going forward, our group will consult with the SBI Group and reinvest within the funds in highly creditworthy overseas bonds, including government bonds from North America and Europe. A portion of the resulting income will be allocated successively to eliminating the unrealized losses, as we work toward resolving them over the medium to long term.」
The response to widening unrealized losses has been formalized as a phased policy: a temporary shift to short-term bonds such as Japanese government bonds, followed by reinvestment in highly creditworthy overseas bonds and the use of resulting income to eliminate the unrealized losses. - FY2023-Q2RestatedAnnual report
「Accordingly, both banks have taken measures such as switching to short-term bonds and hedging interest-rate risk to curb the expansion of valuation losses if interest rates rise further.」
As a measure to address the widening unrealized losses caused by rising overseas interest rates, the shift to short-term bonds and interest-rate risk hedging are continuing. - FY2023-Q1AdvancedAnnual report
「Accordingly, both banks have taken measures such as switching to short-term bonds and hedging interest-rate risk to curb the expansion of valuation losses if interest rates rise further.」
In response to the widening unrealized losses caused by the sharp rise in overseas interest rates, the portfolio is being shifted to short-term bonds and interest-rate risk hedges are being implemented. Although unrealized losses continue to widen, the response has moved to the stage of taking specific action to review the portfolio. - FY2022WorsenedAnnual report
「The Group's subsidiary banks, きらやか銀行 and 仙台銀行, have been replacing their securities portfolios, centered on overseas bonds such as government and municipal bonds, through collaboration with the SBI Group. However, the sharp rise in overseas interest rates has expanded valuation losses on other securities at both banks.」
While the portfolio revision carried out in the previous fiscal year progressed toward management centered on overseas bonds, the sharp rise in overseas interest rates expanded valuation losses on other securities. The company states that it aims to improve performance by sharing market conditions and portfolio information with the SBI Group going forward. - FY2022-Q3Absence of losses from the previous year's portfolio revisionAnnual report
「Ordinary expenses decreased by ¥869.8 million from the cumulative third quarter of the previous fiscal year to ¥2,589.6 million, mainly because the loss recognition associated with the previous year's revision of きらやか銀行's securities portfolio was absent.」
The loss recognition associated with the securities portfolio revision carried out in the previous fiscal year was absent from the comparison period for the current third quarter, resulting in a year-on-year decrease of ¥869.8 million in ordinary expenses. - FY2021-Q3AdvancedAnnual report
「Ordinary expenses increased by ¥685.1 million from the cumulative third quarter of the previous fiscal year to ¥3,459.4 million, mainly because losses on redemption of bonds and other debt securities increased as a result of the revision of きらやか銀行's securities investment portfolio.」
The planned major revision of the securities portfolio progressed in practice at きらやか銀行 and was reflected in earnings as an increase in losses on redemption of government bonds and other debt securities. - FY2021-Q2First statedAnnual report
「At a meeting of its Board of Directors held on 20 November 2020, きらやか銀行 resolved to incorporate into its plan a policy of substantially revising its investment portfolio in light of financial market trends, with the aim of managing its securities holdings stably. Accordingly, the bank expected to replace securities during the fiscal year after the end of the first half of the fiscal year ending March 2021 and recognize all securities valuation losses as losses. As of the end of the first half of the fiscal year ending March 2021, きらやか銀行's securities valuation gains and losses amounted to a loss of ¥4,345 million.」
In light of financial market trends, the company resolved to substantially revise its securities portfolio and replace securities during the fiscal year. Securities valuation gains and losses at the end of the first half amounted to a loss of ¥4,345 million, which the company expects to recognize in full as a loss.