Unrealized losses on securities as of the end of the first quarter of the fiscal year ending March 2027
The Norinchukin Bank and its consolidated subsidiaries
All securities among bonds held to maturity for which fair value can be reasonably determined
Total unrealized losses on securities: ¥594,011 million. Unrealized gains: ¥4,400 million. Net unrealized gains and losses: an unrealized loss of ¥589,611 million. Net unrealized gains and losses after taking into account hedges using interest rate swaps: an unrealized loss of ¥325,898 million. Presentation in the income statement: Not disclosed
End of the first quarter of the fiscal year ending March 2027
The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged
The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 announced on 20 May 2026 will remain unchanged
| Item | Details |
|---|---|
| Event name | Unrealized losses on securities as of the end of the first quarter of the fiscal year ending March 2027 |
| Date of occurrence | 30 June 2026 (The Norinchukin Bank and domestic consolidated subsidiaries); 31 March 2026 (overseas consolidated subsidiaries) |
| Subject Entity | The Norinchukin Bank and its consolidated subsidiaries |
| Target Locations / Products | All securities among bonds held to maturity for which fair value can be reasonably determined |
| Amount of Impact on Business Performance | Total unrealized losses on securities: ¥594,011 million. Unrealized gains: ¥4,400 million. Net unrealized gains and losses: an unrealized loss of ¥589,611 million. Net unrealized gains and losses after taking into account hedges using interest rate swaps: an unrealized loss of ¥325,898 million. Presentation in the income statement: Not disclosed |
| Accounting period in which recognized | End of the first quarter of the fiscal year ending March 2027 |
| Impact on Earnings Forecast | The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged |
| Outlook | The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 announced on 20 May 2026 will remain unchanged |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The cause of the unrealized losses themselves is not disclosed. The company explains that it hedges interest rate risk using interest rate swaps to mitigate unrealized losses on fixed-rate securities when interest rates rise.