Stock price falls and the disposal of bad loans are forcing many regional banks to cut earnings projections for the fiscal first half.
In the latest in a series of moves, Bank of Yokohama announced a downward revision of its group earnings for the first half to Sept. 30, citing appraisal losses of 29 billion yen on securities holdings.
Bank of Yokohama, the biggest regional bank, is one of many regional banks falling victim to new accounting rules introduced April 1.