Risk of valuation losses on bonds held due to rising long-term interest rates
First written in FY2017. 2 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2026.
The Toho Bank moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 4 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The 10-year Japanese government bond yield, a benchmark for long-term interest rates, temporarily rose to the 2.3% range in March 2026.」
Long-term interest rates rose from the temporary level above 0.9% reported for fiscal 2024 to the 2.3% range in March 2026, indicating a greater change in the interest-rate environment relevant to valuation losses on held bonds. - FY2024WorsenedAnnual report
「The 10-year Japanese government bond yield, a benchmark for long-term interest rates, temporarily rose above 0.9% as expectations grew that monetary easing would be revised.」
Long-term interest rates relevant to the risk of valuation losses on held bonds temporarily rose above 0.9%. The filing states that the yield later declined to around 0.7% at year-end. - FY2017First statedAnnual report
「The Bank holds marketable bonds, including government bonds. If long-term interest rates rise and bond prices decline, valuation losses may arise on the bonds held, potentially adversely affecting the Bank’s results.」
The filing identifies the effect of rising long-term interest rates and falling bond prices as a risk related to government bonds and other held bonds.