Risk of Fluctuations in Interest Rates, Foreign Exchange Rates and Securities Prices
First written in FY2016. 15 of 37 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-05.
The Bank Of Saga moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 15 of 26 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- 2026-08-05MitigatedEarnings
「The negative valuation difference on other securities narrowed from ¥20.342 billion at the end of March 2026 to ¥16.046 billion at the end of June 2026.」
The negative valuation difference on other securities narrowed from the end of the previous fiscal year, mitigating the impact of market fluctuations on valuation differences. - FY2026MitigatedAnnual report
「As of 31 March 2026, the market risk exposure of our banking group excluding trading operations was ¥16,717 million in total, compared with ¥16,823 million as of 31 March 2025.」
Market risk exposure declined slightly from ¥16.823 billion to ¥16.717 billion. The negative valuation difference on other securities also narrowed from ¥13.609 billion to ¥13.267 billion. - 2026-05-12MitigatedEarnings
「Valuation difference on other securities (¥13,609 million) (¥13,267 million)」
The negative valuation difference on other securities narrowed from ¥13.609 billion to ¥13.267 billion. The disclosure also reports a decline in the securities balance and losses on sales of government bonds and other debt securities. - FY2026-H1MitigatedAnnual report
「Valuation difference on other securities Negative 13,609 Negative 11,225」
The negative valuation difference on other securities narrowed from ¥13.609 billion at the end of March 2025 to ¥11.225 billion at the end of September 2025. The valuation difference on other securities also improved by ¥2.384 billion during the interim period, and the impact of securities-price movements on the valuation difference has eased from the end of the previous fiscal year. - FY2025Slight decrease in market risk exposure, deterioration in valuation differenceAnnual report
「As of 31 March 2025, the market risk exposure of our banking group excluding trading operations was ¥16,823 million in total, compared with ¥16,839 million as of 31 March 2024.」
Market risk exposure edged down from ¥16.839 billion to ¥16.823 billion. Meanwhile, the valuation difference on other securities deteriorated from negative ¥284 million to negative ¥13.609 billion, with the impact of market movements reflected in net assets. - FY2025-H1WorsenedAnnual report
「Valuation difference on other securities Negative 284 Negative 4,553」
The valuation difference on other securities deteriorated from negative ¥284 million at the end of March 2024 to negative ¥4.553 billion at the end of September 2024, also reducing other comprehensive income by ¥4,269 million. Market and securities-price movements had an adverse effect on net assets. - FY2024WorsenedAnnual report
「As of 31 March 2024, the market risk exposure of our banking group excluding trading operations was ¥16,839 million in total, compared with ¥15,090 million as of 31 March 2023.」
Market risk exposure increased from ¥15.090 billion to ¥16.839 billion. Meanwhile, the valuation difference on other securities improved from negative ¥6.751 billion to negative ¥284 million, so the effects were not unidirectional. - FY2024-Q3MitigatedAnnual report
「Net assets increased by ¥6.5 billion from the end of the previous fiscal year to ¥115.3 billion, mainly due to an improvement in the valuation difference on other securities.」
The valuation difference on other securities improved from negative ¥6.751 billion at the end of March 2023 to negative ¥3.755 billion, while the impact of market and securities-price movements on the valuation difference was less pronounced than through the previous quarter. - FY2024-Q2WorsenedAnnual report
「Valuation difference on other securities Negative 6,751 Negative 9,559」
The valuation difference on other securities decreased from negative ¥6.751 billion at the end of March 2023 to negative ¥9.559 billion at the end of September 2023. The valuation difference on other securities also decreased by ¥2.807 billion during the interim period, indicating that market and securities-price movements had an adverse effect on net assets. - FY2024-Q1Improvement in valuation difference, increase in losses on share salesAnnual report
「Valuation difference on other securities Negative 6,751 Negative 5,494」
The negative valuation difference on other securities narrowed from ¥6.751 billion at the end of March 2023 to ¥5.494 billion. Meanwhile, both gains and losses on sales of shares and other securities increased in the first quarter, and volatility in market-related gains and losses continued. - FY2023WorsenedAnnual report
「As of 31 March 2023, the market risk exposure of our banking group excluding trading operations was ¥15,090 million in total, compared with ¥11,692 million as of 31 March 2022.」
Market risk exposure increased from ¥11.692 billion to ¥15.090 billion. The valuation difference on other securities also decreased from ¥4.264 billion to negative ¥6.751 billion. - FY2023-Q3WorsenedAnnual report
「Net assets decreased by ¥10.9 billion from the end of the previous fiscal year to ¥104.8 billion, mainly due to a decrease in the valuation difference on other securities.」
The valuation difference on other securities decreased from ¥4.264 billion at the end of the previous fiscal year to negative ¥11.624 billion, with market and securities-price movements reflected in a ¥10.9 billion decline in net assets. - FY2023-Q2WorsenedAnnual report
「Valuation difference on other securities 4,264 Negative 7,943」
The valuation difference on other securities decreased from ¥4.264 billion at the end of March 2022 to negative ¥7.943 billion at the end of September 2022. The valuation difference on other securities also decreased by ¥12.208 billion in interim comprehensive income, indicating that market and securities-price movements affected both the valuation difference and net assets. - FY2023-Q1WorsenedAnnual report
「Net assets decreased by ¥5.3 billion from the end of the previous fiscal year to ¥110.4 billion, mainly due to a decrease in the valuation difference on other securities.」
The valuation difference on other securities decreased from ¥4.264 billion at the end of March 2022 to negative ¥3.168 billion at the end of the quarter, with market and securities-price movements reflected in the decline in net assets. - FY2022Slight decrease in market risk exposure, substantial decline in valuation differenceAnnual report
「As of 31 March 2022, the market risk exposure of our banking group excluding trading operations was ¥11,692 million in total, compared with ¥11,722 million as of 31 March 2021.」
Market risk exposure edged down from ¥11.722 billion to ¥11.692 billion. Meanwhile, the valuation difference on other securities decreased from ¥17.062 billion to ¥4.264 billion, and a ¥40 million impairment loss on shares was also recorded. - FY2022-Q3WorsenedAnnual report
「Net assets decreased by ¥2.5 billion from the end of the previous fiscal year to ¥123.8 billion, mainly due to a decrease in the valuation difference on other securities.」
The valuation difference on other securities decreased from ¥17.062 billion at the end of March 2021 to ¥12.035 billion, with market and securities-price movements reflected in a ¥2.5 billion decline in net assets. - FY2022-Q2MaterialisedAnnual report
「The impairment loss recognised during the interim consolidated accounting period was ¥155 million, all of which related to equities.」
An impairment loss of ¥155 million was recognised on equity securities due to declines in market prices and other factors. The valuation difference on available-for-sale securities also decreased from ¥17,062 million at the end of March 2021 to ¥12,412 million. - FY2022-Q1MaterialisedAnnual report
「The impairment loss recognised during the first-quarter consolidated cumulative period was ¥200 million, all of which related to equities.」
An impairment loss of ¥200 million was recognised on securities due to declines in equity market prices and other factors. The valuation difference on available-for-sale securities also decreased from ¥17,062 million at the end of the previous fiscal year to ¥14,535 million, reflecting the impact of market fluctuations on actual losses and valuation differences. - FY2021WorsenedAnnual report
「As of 31 March 2021, the market risk of the Bank Group excluding trading operations was ¥11,722 million in total (¥10,953 million in total as of 31 March 2020).」
Market risk excluding trading operations increased from ¥10,953 million to ¥11,722 million. Meanwhile, the valuation difference on available-for-sale securities increased from ¥8,660 million to ¥17,062 million. - FY2021-Q3MaterialisedAnnual report
「The impairment loss recognised during the third-quarter consolidated cumulative period was ¥85 million, all of which related to equities.」
An impairment loss of ¥85 million was recognised on securities due to declines in equity market prices and other factors. Meanwhile, the valuation difference on available-for-sale securities increased from ¥8,660 million at the end of March 2020 to ¥14,770 million. - FY2021-Q2MaterialisedAnnual report
「The impairment loss recognised during the interim consolidated cumulative period was ¥128 million, all of which related to equities.」
An impairment loss of ¥128 million was recognised on securities due to declines in equity market prices and other factors. Meanwhile, the valuation difference on available-for-sale securities increased from ¥8,660 million at the end of the previous fiscal year to ¥13,006 million, with the impact of market fluctuations on earnings and valuation differences coexisting with an improvement in valuation differences. - FY2021-Q1MaterialisedAnnual report
「The impairment loss recognised during the first quarter of the current consolidated cumulative period was ¥51 million, all of which related to equities.」
An impairment loss of ¥51 million was recognised on securities due to declines in equity market prices and other factors. Meanwhile, the valuation difference on available-for-sale securities increased from ¥8,660 million at the end of the previous fiscal year to ¥12,976 million, and net assets increased by ¥5,200 million from the end of the previous fiscal year. - FY2020WorsenedAnnual report
「As of 31 March 2020, the market risk of the Bank Group excluding trading operations was ¥10,953 million in total (¥9,312 million in total as of 31 March 2019).」
Market risk excluding trading operations increased from ¥9,312 million to ¥10,953 million. The valuation difference on available-for-sale securities also decreased from ¥16,034 million to ¥8,660 million, reflecting the impact of fluctuations in market and securities prices on net assets. - FY2020-Q3WorsenedAnnual report
「Net assets increased by ¥600 million from the end of the previous consolidated fiscal year to ¥121,100 million, as the accumulation of retained earnings and other factors outweighed the decrease in the valuation difference on available-for-sale securities.」
The valuation difference on available-for-sale securities decreased from ¥16,034 million at the end of the previous consolidated fiscal year to ¥15,066 million. Although net assets increased through the accumulation of retained earnings, the valuation difference on securities continued to decline. - FY2020-Q2WorsenedAnnual report
「Other comprehensive income ¥237 million △¥334 million Valuation difference on available-for-sale securities ¥205 million △¥614 million」
The valuation difference on available-for-sale securities shifted from an increase of ¥205 million in the same period of the previous year to a decrease of ¥614 million in the interim period, and the balance declined from ¥16,034 million at the end of March 2019 to ¥15,420 million. Fluctuations in market and securities prices had an adverse impact on comprehensive income and net assets. - FY2020-Q1MaterialisedAnnual report
「Net assets decreased by ¥1,200 million from the end of the previous consolidated fiscal year to ¥119,200 million, mainly due to a decrease in the valuation difference on available-for-sale securities.」
The valuation difference on available-for-sale securities decreased from ¥16,034 million to ¥14,298 million, with fluctuations in market and securities prices reflected in the decrease in net assets. - FY2019-Q3WorsenedAnnual report
「Net assets decreased by ¥5,400 million from the end of the previous consolidated fiscal year to ¥121,100 million, despite an increase in retained earnings, due in part to a decrease in the valuation difference on available-for-sale securities.」
The valuation difference on available-for-sale securities decreased from ¥23,201 million at the end of the previous consolidated fiscal year to ¥16,456 million, and the decrease in valuation differences and other factors reduced net assets by ¥5,400 million. The impact of fluctuations in market and securities prices was reflected in valuation differences and net assets. - FY2019-Q2MaterialisedAnnual report
「Ordinary expenses increased by ¥6,921 million year on year to ¥22,232 million, mainly because the cost of sales of a subsidiary increased following its conversion into a wholly owned subsidiary, other operating expenses increased in connection with rebuilding the securities portfolio using proceeds from gains on the sale of equities, and other ordinary expenses increased as the allowance for loan losses shifted from a reversal to a provision.」
Market- and securities-related movements, including costs associated with rebuilding the securities portfolio and deterioration in valuation gains and losses on derivatives, were reflected in earnings for the interim period. - FY2018WorsenedAnnual report
「As of 31 March 2018, the market risk of the Bank Group excluding trading operations was ¥8,344 million in total (¥7,399 million in total as of 31 March 2017).」
Market risk excluding trading operations increased from ¥7,399 million to ¥8,344 million. Gains and losses on sales related to a review of the securities portfolio in light of market conditions were also recognised. - FY2018-Q3MaterialisedAnnual report
「Although interest on loans increased by ¥52 million year on year, ordinary income decreased by ¥6,404 million to ¥29,121 million, mainly because revenue from market transactions in securities and other instruments declined, resulting in lower gains on sales of bonds, including Japanese government bonds, and revenue from financial derivatives.」
Lower market transaction revenue reduced gains on sales of bonds, including Japanese government bonds, and revenue from financial derivatives, resulting in a ¥6,404 million year-on-year decline in ordinary income. The valuation gain or loss on forward foreign exchange contracts also deteriorated from a loss of ¥278 million at the end of the previous fiscal year to a loss of ¥471 million. - FY2018-Q2MaterialisedAnnual report
「Ordinary profit decreased by ¥304 million year on year to ¥2,044 million, as the increase in reversal gains on the allowance for loan losses and lower expenses were offset by the recognition of losses on sales of bonds, including Japanese government bonds, related to a review of the securities portfolio and other factors.」
Losses on sales of bonds, including Japanese government bonds, related to a review of the securities portfolio were recorded. The valuation difference on available-for-sale securities decreased from ¥20,554 million at the end of the previous fiscal year to ¥20,127 million, and the fair value of derivative transactions to which hedge accounting was not applied was a negative ¥891 million. - FY2018-Q1MaterialisedAnnual report
「Although losses on sales of bonds, including Japanese government bonds, of approximately ¥1,000 million related to a review of the securities portfolio were recognised ahead of schedule, ordinary profit increased by ¥864 million year on year to ¥1,638 million due to an increase in reversal gains on the allowance for loan losses and reductions resulting from efforts to control operating expenses. Quarterly net income attributable to owners of the parent increased by ¥1,019 million year on year to ¥1,573 million.」
Losses on sales of bonds, including Japanese government bonds, of approximately ¥1,000 million related to a review of the securities portfolio were recorded. The valuation difference on available-for-sale securities also decreased by ¥221 million from the end of the previous fiscal year, reflecting the impact of market fluctuations in actual earnings and valuation differences. - FY2017MitigatedAnnual report
「As of 31 March 2017, the market risk of the Bank Group excluding trading operations was ¥7,399 million in total (¥20,927 million in total as of 31 March 2016).」
Quantitative market risk declined from ¥20,927 million at the end of the previous fiscal year to ¥7,399 million. Losses on sales of bonds, including Japanese government bonds, and a decrease in valuation differences related to a review of the securities portfolio were also reported. - FY2017-Q3WorsenedAnnual report
「Ordinary income increased by ¥617 million year on year to ¥35,525 million, mainly due to higher revenue from market transactions in securities and other instruments. Although the valuation difference on available-for-sale securities decreased, retained earnings increased through the accumulation of profits and other factors, resulting in an increase of ¥1,400 million from the end of the previous consolidated fiscal year to ¥120,800 million. Forward foreign exchange contracts ¥45,229 million △¥2,210 million △¥2,210 million」
Revenue from market transactions in securities and other instruments increased, while the valuation difference on available-for-sale securities decreased. The valuation gain or loss on forward foreign exchange contracts changed from a gain of ¥1,444 million at the end of the previous consolidated fiscal year to a loss of ¥2,210 million at the end of the quarter. The impact of market and foreign exchange fluctuations on earnings continues to be reflected. - FY2017-Q2MaterialisedAnnual report
「Other comprehensive income △¥1,419 million Valuation difference on available-for-sale securities △¥1,619 million」
The valuation difference on securities decreased, and a negative ¥1,619 million valuation difference on available-for-sale securities was recorded as a factor contributing to the decrease in other comprehensive income. - FY2017-Q1MaterialisedAnnual report
「Due mainly to differences in the timing of recognising gains and losses from market transactions in securities and other instruments compared with the same period of the previous year, ordinary income decreased by ¥2,070 million year on year to ¥12,116 million, ordinary profit decreased by ¥3,879 million to ¥774 million, and quarterly net income attributable to owners of the parent decreased by ¥2,622 million to ¥554 million.」
Differences in the timing of recognising gains and losses from market transactions in securities and other instruments were reflected in lower revenue and profit. The valuation gain or loss on over-the-counter bond options was a loss of ¥914 million. - FY2016First statedAnnual report
「The Bank holds bonds, including Japanese government bonds, equities and investment trusts, as well as assets and liabilities denominated in foreign currencies. A decline in future bond or stock prices or fluctuations in foreign exchange rates could result in losses and affect the Bank's operating performance.」
A ¥645 million impairment loss on equities due to weak equity markets and losses on sales related to a review of the securities portfolio were recorded, indicating the impact of market risk on earnings. Market risk was ¥20,927 million.