The Oita Bank (TYO:8392) recorded 3.56 billion in unrealized losses on held-to-maturity debt securities as of the end of fiscal 2024, according to a Tokyo bourse filing on Monday.
The lender said the losses will have no impact on its financial results forecast.
No unrealized gains were recorded for the year ended March 31, resulting in net unrealized gains on securities of 3.56 billion yen.
Price (JPY): $3395.00, Change: $+10, Percent Change: +0.30%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.