Fukui Bank reports 3.4bn yen unrealized securities losses

Fukui Bank reported unrealized losses of 3.4 billion yen on held-to-maturity debt securities as of March 31, representing 38.9% of the previous year's consolidated ordinary profit.

The losses reflect the difference between the securities' book value of 298.5 billion yen and market value of 295.1 billion yen. The bank said the unrealized losses won't impact its full-year earnings forecast.

Separately, consolidated ordinary profit for the three months ended June 30 rose 5.4% year-on-year to 4.6 billion yen, though profit attributable to owners fell to 3.0 billion yen.