Saturday, April 30, 2011

Dai-ichi life eyes Y100 bln loss on TEPCO shares: source (Reuters)

TOKYO (Reuters) - Dai-ichi Life Insurance (8750.T) will be book loss special 100 billion yen ($1.2 billion) for the year ended March 31 after his participation in Tokyo Electric Power (9501.T) has plummeted in value, a source told Reuters.

Dai-ichi Life, largest shareholder of the company with a set of 4%, saw the value of its economic crisis by four-fifths as TEPCO holding struggles to master its Fukushima nuclear power plant disaster.

(Reported by Noriyuki Hirata.) Written by Tim Kelly; (Editing by Edwina Gibbs)

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