-- 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.