Unrealized losses on securities at the end of the fourth quarter of the fiscal year ending March 2026
T&D Holdings, Inc. (the Company)
Bonds held to maturity and bonds held to match policy reserves
The Company explained that when interest rates rise, the fair value of the assets declines while the economic value of the corresponding insurance liabilities also declines, and the two are offsetting.
Total unrealized losses on securities: ¥1,771,190 million. For reference, net unrealized gains (losses) on securities were a loss of ¥1,766,667 million. The line item in the income statement is Not disclosed.
End of the fourth quarter of the fiscal year ending March 2026 (31 March 2026). The timing of recognition in profit or loss is Not disclosed.
No change, as of now, to the earnings and dividend forecasts announced on 17 March 2026.
The company will promptly disclose any matters that arise requiring disclosure.
| Item | Details |
|---|---|
| Event name | Unrealized losses on securities at the end of the fourth quarter of the fiscal year ending March 2026 |
| Date of occurrence | 31 March 2026 (end of the fourth quarter of the fiscal year ending March 2026) |
| Subject Entity | T&D Holdings, Inc. (the Company) |
| Target Locations / Products | Bonds held to maturity and bonds held to match policy reserves |
| Cause | The Company explained that when interest rates rise, the fair value of the assets declines while the economic value of the corresponding insurance liabilities also declines, and the two are offsetting. |
| Amount of Impact on Business Performance | Total unrealized losses on securities: ¥1,771,190 million. For reference, net unrealized gains (losses) on securities were a loss of ¥1,766,667 million. The line item in the income statement is Not disclosed. |
| Accounting period in which recognized | End of the fourth quarter of the fiscal year ending March 2026 (31 March 2026). The timing of recognition in profit or loss is Not disclosed. |
| Impact on Earnings Forecast | No change, as of now, to the earnings and dividend forecasts announced on 17 March 2026. |
| Outlook | The company will promptly disclose any matters that arise requiring disclosure. |
| Planned follow-up disclosure | The company will promptly disclose any matters that arise requiring disclosure. |
Items this document does not state (15)
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.Bonds held to maturity and bonds held to match policy reserves are held as assets corresponding to insurance liabilities. The Company explained that when interest rates rise, the fair value of the assets and the economic value of the corresponding insurance liabilities both decline, offsetting each other, and therefore there is no direct impact on financial soundness.