Elimination of the loss on cancellation of investment trusts recorded in the same period of the previous year
First written in FY2024-Q3. . Latest entry: FY2024.
0 other companies' latest entry also says "Other".
- FY2024Impact of investment trust redemption losses disappeared for the full yearAnnual report
「Ordinary expenses decreased by ¥1,340 million from the previous fiscal year to ¥50,663 million because the previous fiscal year included redemption losses on investment trusts and other assets with little prospect of recovery as part of securities portfolio rebalancing, and because credit-related expenses declined as the expected loss rate for the general allowance for loan losses fell.」
Investment trust and other redemption losses recognized in the previous fiscal year were no longer incurred for the full year, reducing ordinary expenses. - FY2024-Q3First statedAnnual report
「Ordinary expenses decreased by ¥2,997 million year on year to ¥35,828 million because investment trust redemption losses recognized in the previous corresponding period in response to rising overseas interest rates and other factors were no longer incurred, and credit-related expenses declined.」
Investment trust redemption losses recognized in the previous corresponding period were no longer incurred in the cumulative third quarter of the current fiscal year, contributing to lower ordinary expenses together with the decline in credit-related expenses.