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Dai-ichi Life Insurance Co Ltd Raises Full-year Consolidated Outlook and Reaffirms Year-end Dividend Forecast for FY 2013


Tuesday, 30 Apr 2013 03:30am EDT 

Dai-ichi Life Insurance Co Ltd announced that it has raised its full-year consolidated outlook for revenue from JPY 4,596 billion to JPY 5,283 billion, ordinary profit from JPY 138 billion to JPY 157 billion, net profit from JPY 25 billion to JPY 32 billion, for the fiscal year ended March 31, 2013. The Company raised its full-year consolidated outlook mainly due to the improvement on asset operation income, increase in insurance revenue and reversal of loss on valuation of investment securities. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 4,677.30 billion, operating profit of JPY 127.78 billion and net profit of JPY 29.04 billion, for the same fiscal year. The Company also has reaffirmed its year-end dividend forecast of JPY 1,600 per share, for the same fiscal year. 

Company Quote

1409.0
8.0 +0.57%
18 Apr 2014