TYO:8399

2 stories mentioning TYO:8399Updated 39d ago

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Bank of The Ryukyus Logs 3.29 Billion Yen in Unrealized Loss on Held-to-Maturity Bonds

Bank of The Ryukyus (TYO:8399) logged a total unrealized losses of 3.29 billion yen on its held-to-maturity bonds as of March 31, according to a Tokyo bourse filing on Thursday.The bank said the book value of assessed securities stood at 38.3 billion yen against a market value of a little over 35 billion yen.These losses represent over 39% of the bank's consolidated ordinary profit and 57% of its net attributable profit from the previous fiscal year.Despite the unrealized losses, the bank confirmed that this will have no impact on fiscal year ended March 31 forecasts, as interest and dividend income from securities are expected to exceed initial projections.

TYO:8399

Asia56d ago

Bank of The Ryukyus Raises Annual Earnings Forecast

Bank of The Ryukyus (TYO:8399) now expects consolidated profit attributable to owners to reach 8.96 billion yen for the fiscal year ending March 31, up from its previous forecast of 8 billion yen.Earnings per share estimates were increased to 218.47 yen from 195.02 yen, while ordinary profit projections were upgraded to 12.8 billion yen from 11.5 billion yen, according to a Tokyo bourse filing on Thursday.The bank said the upward revision is driven by higher-than-expected interest and dividend income on securities on a non-consolidated basis.It also cited lower-than-anticipated operating expenses and credit-related costs as key factors behind the improved outlook.Consequently, the bank raised its final dividend forecast from 27 yen to 61 yen per share, bringing the total annual dividend to 88 yen per share, higher than the 54 yen paid the previous year.

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