Yamaguchi FG: ¥36.1bn securities loss, no forecast impact
Yamaguchi FG reported ¥36.138 billion in unrealized losses on eligible securities as of Sept. 30, 2026, equal to 80.2% of prior-year recurring profit and 109.4% of net income. It sees no impact on FY2027 forecasts.
Key facts
- Total unrealized loss
- ¥36.138bn
- Measurement date
- Sept. 30, 2026
- Recurring profit ratio
- 80.2% of prior-year actual
- Net income ratio
- 109.4% of prior-year actual
- Earnings and dividends
- No impact on current-year forecasts
Unrealized loss exceeds prior-year net profit
Unrealized losses on eligible securities totaled ¥36.138 billion at the end of the second quarter of the fiscal year ending March 2027. Their book value was ¥157.815 billion, while their market value was ¥121.676 billion.
| Item | Amount (¥bn) | Note |
|---|---|---|
| Unrealized securities loss | 36.138 | Total for eligible securities |
| Book value | 157.815 | Eligible securities |
| Market value | 121.676 | Eligible securities |
| Prior-year consolidated recurring profit | 45.026 | Loss equals 80.2% |
| Prior-year net income attributable to owners of the parent | 33.008 | Loss equals 109.4% |
The securities covered are bonds classified as held to maturity and shares in affiliates that are listed on domestic financial instruments exchanges. There were no unrealized gains, leaving net unrealized losses of ¥36.138 billion.
Company sees no impact on earnings or dividend forecasts
Yamaguchi FG said the unrealized losses will not affect its forecasts for earnings or dividends for the fiscal year ending March 2027. Its disclosure did not discuss the causes of the losses or provide a breakdown by individual security.
- Forecasts affected: Earnings and dividends for the fiscal year ending March 2027
- Company's view: Neither forecast will be affected by this matter
The loss is equivalent to 80% of prior-year consolidated recurring profit and exceeds net income attributable to owners of the parent. However, Yamaguchi FG did not announce any forecast changes in this disclosure. Investors assessing future earnings and dividends will want to monitor changes in securities valuations and whether the company revises its forecasts.
Share price around the disclosure
Close on disclosure (Oct 30, 2026)
¥3,126
Latest close (Oct 30, 2026)
¥3,126
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Updated Oct 30, 2026.
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The Banking industry now
49 companiesYamaguchi FG is one of 49 Banking companies we cover, #19 by revenue. Here is how the industry’s shares and company plans look:
- Industry shares, 1 year
- +67.8%All industries +14.9%
- Op. profit plan, this FY
- +23.5%All industries +13.0%
- Forecasts raised
- 6cut 0
- Industry op. margin
- 17.1%
- Yamaguchi FG+76.9%
- Banking (average)+67.8%
- All industries+14.9%
- Latest resultsYear to date through Q1, 23 companies combined: revenue +28.2%, operating profit +40.9% year over year. 13 are ahead of an even pace toward their full-year plan, 0 behind.
- Revisions6 raised and 0 cut this year's forecast. The biggest revision: Chugin FG (revenue +31.9%).
Tags#Yamaguchi FG#Unrealized securities losses#Unrealized loss#Regional banks#Finance#Earnings forecasts#Dividend forecasts
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The unrealized loss is equivalent to 109.4% of prior-year net income, making it a notable mark on the value of the group's holdings. Yamaguchi FG, however, says there will be no impact on its current-year earnings or dividend forecasts, so the loss alone should not be taken as evidence of an immediate deterioration in performance. Investors will want to watch for changes in valuations and any revisions to the company's forecasts.
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