Tokio Marine expects net income to slump
(BESTWIRE) - Tokio Marine Holdings Inc. [50962] said its net income is expected to fall 95.4% to 5bn yen ($52m) for the 2008 fiscal year which ends March 31, 2009, due to continuous price fluctuations in stock and foreign exchange markets.
In the wake of the global financial crisis, the insurer had revised downward its net income forecast for the 2008 fiscal year from the original 150 billion yen at the beginning of the year, toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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