Nippon Life Insurance recorded a ¥70 billion impairment loss for the year ended March 31 amid the bond market decline.
Nippon Life Insurance, Japan's largest life insurer, booked an impairment loss of ¥70 billion ($440 million).
This is the company's first such loss during the current bond rout.
The write-down applies to the fiscal year that ended on March 31.
Honda Motor hat für das im März endende Geschäftsjahr den ersten Jahresverlust seit 1957 in Höhe von 423 Milliarden Yen oder 2,68 Milliarden US-Dollar ausgewiesen. Das Unternehmen bestätigte die Zahlen am 14. Mai und führte das Defizit hauptsächlich auf hohe Ausgaben für Elektrofahrzeuge zurück.
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Japanese companies issued ¥1 trillion worth of convertible bonds in the first half of the year, the highest amount since 2004.
Japan's benchmark Nikkei 225 index rose above 65,000 for the first time on May 25 as expectations grew that a deal might be reached to end the military conflict between the United States and Iran.
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Japan's Nikkei 225 Stock Average surged 5.6 percent to close at a record 62,833.84 on optimism about a potential U.S.-Iran agreement.