Notice Regarding Unrealized Losses on Securities as of the End of the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027
The Norinchukin Bank and its consolidated subsidiaries
Securities (held-to-maturity bonds); all securities for which fair value can be reasonably determined
Amount recognized in results: Not disclosed. For reference, total unrealized losses on securities: ¥671,575 million; net unrealized gains and losses: negative ¥670,420 million; net unrealized gains and losses on securities after hedging: negative ¥361,381 million (all figures represent unrealized gains and losses)
End of the second quarter (interim period) of the fiscal year ending March 2027 (measurement date for unrealized losses; period of recognition in results: Not disclosed)
No change to the consolidated earnings forecast or dividend forecast for the fiscal year ending March 2027
The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged. The company is conducting interest rate risk hedging using interest rate swaps.
| Item | Details |
|---|---|
| Event name | Notice Regarding Unrealized Losses on Securities as of the End of the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 |
| Date of occurrence | 30 September 2026 (Shoko Chukin Bank and domestic consolidated subsidiaries); 30 June 2026 (overseas consolidated subsidiaries) |
| Subject Entity | The Norinchukin Bank and its consolidated subsidiaries |
| Target Locations / Products | Securities (held-to-maturity bonds); all securities for which fair value can be reasonably determined |
| Amount of Impact on Business Performance | Amount recognized in results: Not disclosed. For reference, total unrealized losses on securities: ¥671,575 million; net unrealized gains and losses: negative ¥670,420 million; net unrealized gains and losses on securities after hedging: negative ¥361,381 million (all figures represent unrealized gains and losses) |
| Accounting period in which recognized | End of the second quarter (interim period) of the fiscal year ending March 2027 (measurement date for unrealized losses; period of recognition in results: Not disclosed) |
| Impact on Earnings Forecast | No change to the consolidated earnings forecast or dividend forecast for the fiscal year ending March 2027 |
| Outlook | The consolidated earnings forecast and dividend forecast for the fiscal year ending March 2027 remain unchanged. The company is conducting interest rate risk hedging using interest rate swaps. |
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 specific cause of the unrealized losses was not disclosed. The company explained that it uses interest rate risk hedging with interest rate swaps to limit unrealized losses on fixed-rate securities when interest rates rise.