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Article: Sony Financial reports 13.1% net profit fall.(Financial report)
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- May 25, 2007
CopyrightCOPYRIGHT 2007 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 25--TOKYO -- Sony Financial Holdings Inc. said Friday it registered a consolidated net profit of 10.02 billion yen in fiscal 2006, down 13.1 percent from the previous year, as a result of profit falls in life insurance and banking operations.
Although group operating revenues in the year to March 31 rose 0.1 percent to 759.28 billion yen, pretax profit fell 27.7 percent to 18.35 billion yen, Sony Financial said.
The Sony Corp. unit has Sony Life Insurance Co., Sony Assurance Inc. and Sony Bank Inc. under its wing.
Sony Assurance, a property and casualty insurance company, turned a profit for the first time since it began operations in 1999, ...