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Dai-ichi Life's net profit down 19% in April-Dec. period.

TOKYO, Feb. 13 Kyodo

Dai-ichi Life Insurance Co. on Monday reported its group net profit in the April to December period fell 19.0 percent from a year earlier to 12.71 billion yen, on valuation losses on its stockholdings and temporary costs related to corporate tax reform.

Consolidated revenue rose 5.7 percent to 3.60 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.

(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.

In the USA and Canada, 10^12.
 yen, owing to owing to
prep.
Because of; on account of: I couldn't attend, owing to illness.

owing to prepdebido a, por causa de 
 brisk Brisk as a proper name may refer to:
  • Brest, Belarus (Brest-Litovsk) Brisk (בריסק) is the city's name in Yiddish
  • The Brisk yeshivas and methods, a school of Jewish thought originated by the Soloveitchik family of Brest.
 sales of insurance products. Premium and relevant revenue rose to 2.66 trillion yen from 2.51 billion yen, and investment revenue climbed to 714 billion yen from 680 billion yen.

For the full business year to March 31, the insurer forecasts a 4.5 percent increase in group net profit to 20 billion yen, on revenue of 4.78 trillion yen, up 4.6 percent.

Dai-ichi Life will pay a dividend of 1,600 yen per share for the current year, unchanged from the previous year.
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Publication:Japan Weekly Monitor
Article Type:Financial report
Date:Feb 13, 2012
Words:149
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