Key Facts
• Iyogin HD achieved record profits for three consecutive terms (2023-2025).
• Investments in foreign bonds and NVIDIA stocks significantly boosted earnings.
• NVIDIA stock value increased tenfold since 2020, aided by exchange rate gains.
• As of March 2025, Iyogin HD’s securities portfolio totaled ¥1.8 trillion.
• Japanese government bonds (JGBs) accounted for less than 10% of the portfolio.
• ¥770 billion of JGB holdings are inflation-linked bonds.
• CEO Kenji Miyoshi plans to shift investments to JGBs as yields rise.
• Target JGB yield for investment resumption: 1.7%-1.8% (current yield: ~1.4%).
• Iyogin HD holds ¥300 billion in unhedged foreign bonds and ¥500 billion in hedged bonds.
• Unified electronic trading system introduced for efficient bond transactions.
• CEO Miyoshi foresees potential regional bank consolidations in Japan.
• Iyogin HD aims to lead any future mergers in the Chugoku-Shikoku region.
• Profits from unhedged foreign bonds and NVIDIA stocks doubled in FY2025.
• Diversified investments balance risks, mitigating currency fluctuations.
• No external hires in market operations, but openness to diverse talent.
Summary
Iyogin Holdings (HD) has achieved record profits for three consecutive terms, driven by strategic investments in foreign bonds and NVIDIA stocks. The company now plans to shift its focus to Japanese government bonds (JGBs) as yields rise, targeting a yield range of 1.7%-1.8% for investment resumption. As of March 2025, JGBs accounted for less than 10% of Iyogin HD’s ¥1.8 trillion securities portfolio. CEO Kenji Miyoshi emphasizes the importance of diversification, balancing risks through unhedged foreign bonds and equities. The company also introduced a unified electronic trading system to enhance efficiency. While no immediate plans for regional bank mergers exist, Miyoshi expressed readiness to lead potential consolidations in the Chugoku-Shikoku region. Iyogin HD’s strategic approach and adaptability continue to draw attention within Japan’s banking sector.
