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.
A Honda Motor registrou seu primeiro prejuízo anual desde 1957, contabilizando 423 bilhões de ienes, ou 2,68 bilhões de dólares, no ano fiscal encerrado em março. A empresa confirmou os números em 14 de maio, atribuindo o resultado negativo principalmente aos altos gastos com veículos elétricos.
Reportado por IA
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.
Reportado por IA
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.