• Bloomberg


Aozora Bank Ltd. said Wednesday that it expects a 23 percent decline in full-year profit after writing down the value of investments related to U.S. home loans and on lower income from bond trading.

Net income will fall to ¥62.6 billion for the year ending next March, from ¥81.5 billion, the bank said. The forecast is 26 percent lower than its earlier expectation of ¥84.5 billion.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.