East Japan Railway Company bonds 9020.T
Who owns East Japan Railway Company's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. 9020.T stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| XS2385120857 | 1.162% fixed | 2028-09-15 | GBP | 92.77 | 4.78% | — | 3 | $12.1M | Jul 2026 |
| XS2528170777 | 3.245% fixed | 2030-09-08 | EUR | 99.46 | 3.39% | — | 2 | $11.5M | Jul 2026 |
| EF9173768 | 4.75% fixed | 2031-12-08 | GBP | 98.15 | 5.15% | — | 1 | $6.6M | Jul 2026 |
| XS2673433814 | 3.976% fixed | 2032-09-05 | EUR | 101.72 | 3.65% | — | 2 | $12.9M | Jul 2026 |
| XS2459747874 | 1.85% fixed | 2033-04-13 | EUR | 89.08 | 3.72% | — | 1 | $308K | Jul 2026 |
| XS0257129519 | 4.875% fixed | 2034-06-14 | GBP | 95.95 | 5.51% | — | 2 | $10.3M | Jul 2026 |
| XS2385121582 | 0.77% fixed | 2034-09-15 | EUR | 78.95 | 3.83% | — | 3 | $5.7M | Jul 2026 |
| J1257MCD9 | 4.5% fixed | 2036-01-25 | GBP | 91.26 | 5.71% | — | 1 | $369K | Jul 2026 |
| XS2891034063 | 3.533% fixed | 2036-09-04 | EUR | 95.75 | 4.05% | — | 1 | $8.8M | Jul 2026 |
| YL6369604 | 3.727% fixed | 2037-09-02 | EUR | 96.26 | 4.15% | — | 1 | $333K | Jul 2026 |
| XS2385121749 | 1.104% fixed | 2039-09-15 | EUR | 68.79 | 4.26% | — | 3 | $7.9M | Jul 2026 |
| XS2588859376 | 4.11% fixed | 2043-02-22 | EUR | 95.24 | 4.52% | — | 2 | $20.9M | Jul 2026 |
| ZI6397239 | 4.389% fixed | 2043-09-05 | EUR | 202.82 | -1.04% | — | 1 | $348K | Jun 2026 |
| J1257MKC2 | 4.39% fixed | 2043-09-05 | EUR | 97.14 | 4.63% | — | 1 | $448K | Jul 2026 |
| XS3168197450 | 6.21% fixed | 2045-09-02 | GBP | 98.40 | 6.36% | — | 1 | $360K | Jul 2026 |
| YV4539685 | 5.562% fixed | 2054-09-04 | GBP | 87.37 | 6.55% | — | 2 | $1.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 15 | $99.7M | 95.75 | — | — | 3 |
| Jun 2026 | 7 | $4.7M | 98.37 | — | — | 2 |
| Apr 2026 | 13 | $93.3M | 95.53 | — | — | 5 |
| Mar 2026 | 9 | $4.9M | 96.54 | — | — | 2 |
| Jan 2026 | 12 | $82.0M | 96.80 | — | — | 5 |
| Dec 2025 | 8 | $5.4M | 97.97 | — | — | 2 |
| Oct 2025 | 11 | $79.9M | 100.05 | — | — | 5 |
| Sep 2025 | 6 | $3.8M | 96.35 | — | — | 1 |
| Jul 2025 | 11 | $72.5M | 98.24 | — | — | 4 |
| Jun 2025 | 4 | $3.4M | 92.23 | — | — | 1 |
| Apr 2025 | 11 | $71.7M | 97.89 | — | — | 4 |
| Mar 2025 | 4 | $3.1M | 88.65 | — | — | 1 |
| Jan 2025 | 12 | $66.7M | 98.09 | — | — | 4 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 2 added, 1 cut, 1 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $48.8M | $55.2M | $8.0M |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $37.1M | $40.6M | $0 |
| iShares Core International Aggregate Bond ETF iShares Trust | 2026-07-31 | $2.5M | $2.6M | -$800K |
| Six Circles Global Bond Fund SIX CIRCLES TRUST | 2026-06-30 | $2.0M | $2.5M | $0 |
| Nuveen International Aggregate Bond ETF NuShares ETF Trust | 2026-06-30 | $1.3M | $1.5M | $125K |
| Invesco International Corporate Bond ETF Invesco Exchange-Traded Fund Trust II | 2026-07-31 | $700K | $823K | $0 |
| Fidelity International Bond Index Fund Fidelity Salem Street Trust | 2026-06-30 | $620K | $671K | $0 |
| Dimensional Global Credit ETF Dimensional ETF Trust | 2026-07-31 | $272K | $360K | new |
| iShares Euro Investment Grade Corporate Bond USD Hedged ETF iShares Trust | 2026-07-31 | $100K | $91K | $0 |
| Dimensional International Core Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $0 | $0 | -$501K |
| AB GLOBAL BOND FUND, INC. | 2026-06-30 | $0 | $0 | -$421K |
| Diversified Income Fund Principal Funds, Inc | 2026-07-31 | $0 | $0 | -$100K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Dimensional International Core Fixed Income ETF ($501K), AB GLOBAL BOND FUND, INC. ($421K), Diversified Income Fund ($100K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 7 | $37.1M | $40.6M | 0.03% |
| IAGG iShares Core International Aggregate Bond ETF | 2026-07-31 | 8 | $2.5M | $2.6M | 0.02% |
| NXUS Nuveen International Aggregate Bond ETF | 2026-06-30 | 3 | $1.3M | $1.5M | 0.04% |
| PICB Invesco International Corporate Bond ETF | 2026-07-31 | 1 | $700K | $823K | 0.23% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 1 | $272K | $360K | 0.03% |
| EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2026-07-31 | 1 | $100K | $91K | 0.44% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 2.51: safer than 19% of companies (17th percentile in Industrials). Market-implied, prices to 2026-10-19, balance sheet 2026-06-30.
| Equity value | $25.53B |
| Debt barrier (short-term + ½ long-term debt) | $17.48B |
| Equity volatility (1 year) | 56.9% |
| Asset value / asset volatility (solved) | $42.26B / 34.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 1.36 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in 9020.T's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 1 | $90K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 3 | $396K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 3 | $483K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 3 | $552K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 3 | $478K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 4 | $371K | 0 | — | 0 | — | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.