Suruga Bank (TYO:8358) will record an over 7 billion yen loss on securities for the fiscal year ending March 31, primarily from bond sales, according to a Tokyo bourse filing on Thursday.
The bank is partially reducing bond holdings, mainly long-term bonds with valuation losses, to improve its securities portfolio quality.
As the fiscal fourth-quarter realized loss is expected to remain within the initially projected 3.0 billion yen range, the bank kept its full-year earnings forecasts intact.
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