Norinchukin Bank Logs 893.9-B.-Yen Net Loss in April-Sept.
Tokyo, Nov. 19 (Jiji Press)--Norinchukin Bank said Tuesday that its consolidated net loss totaled 893.9 billion yen in April-September, the largest fiscal first-half loss ever, reflecting sales of U.S. and European government bonds with latent losses due to higher interest rates.
Norinchukin Bank, the central organization for financial institutions for agricultural, forestry and fisheries cooperatives, fell into the red from the year-before profit of 144.3 billion yen. It incurred a net loss of 412.7 billion yen in April-June.
(2024/11/19-17:56)
To read a full story, please click here to find out how to subscribe.
BUSINESS
- 11/21 14:47 Honda to Start Test Production of All-Solid-State Batteries
- 11/20 21:58 Tokyo Metro to Join Elizabeth Line Operation in London
- 11/20 13:05 (Update) All 3 Major Japanese Nonlife Insurers Post Record Profits
- 11/20 10:55 All 3 Major Japanese Nonlife Insurers Post Record Profits
- 11/20 00:02 Sony Group Considers Buying Kadokawa
- 11/19 18:32 (Update) Norinchukin Bank Logs 893.9-B.-Yen Net Loss in April-Sept.
- 11/19 17:56 Norinchukin Bank Logs 893.9-B.-Yen Net Loss in April-Sept.
- 11/18 19:49 JR East, Shochiku Form Tie-Up on Tourism, Regional Revitalization
- 11/18 19:13 Microsoft Opens AI, Robotics Research Base in Tokyo
- 11/15 22:35 KKR Raises Tender Offer Price for Fuji Soft
- 11/14 22:03 5 Major Japanese Banking Groups' Net Profits Jump in 1st Half
- 11/14 21:58 Over 70 Pct of Japan Regional Banks Log Higher April-Sept. Profits
- 11/14 21:32 Mizuho, Rakuten to Jointly Issue Credit Card
