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April 13, 2004
Increase in Net
Unrealized Gain on Available-for-Sale Securities as of March 31, 2004 |
To whom it may concern:
NIPPONKOA Insurance Co., Ltd.
President: Ken Matsuzawa
NIPPONKOA Insurance Co., Ltd. (the "Company") announces as follows
its estimate of increase in net unrealized gain on available-for-sale securities as of
March 31, 2004:
(A) Net unrealized gain on
available-for-sale securities as of March 31, 2004 |
306.1 billion yen |
(B) Net unrealized gain on
available-for-sale securities as of March 31, 2003 |
157.3 billion yen |
(C) Increase in net
unrealized gain on available-for-sale securities as of March 31, 2004 (A-B) |
148.7 billion yen |
(D) Shareholders' equity
as of March 31, 2003
(C/D x 100) |
440.1 billion yen(33.8%) |
Note:
The increase in net unrealized gain on available-for-sale securities as of March 31, 2004
(C in the above table) exceeds 30% of the shareholders' equity as of March 31, 2003 (D
in the above table.) Consequently, the Company is required to disclose this information in
accordance with timely disclosure regulations.
<Reference>
Before tax unrealized gain/loss on available-for-sale securities whose fair value is
readily determinable
(Unit: Billions of Yen)
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As
of March 31, 2003 |
As
of March 31, 2004 |
Change in difference =
(b) - (a) |
Cost |
Fair value |
Difference(a) |
Cost |
Fair value |
Difference(b) |
| Public and
corporate bonds |
699.8 |
726.0 |
26.2 |
901.1 |
910.1 |
8.9 |
-17.2 |
Domestic
equities |
475.6 |
670.0 |
194.4 |
439.2 |
900.8 |
461.5 |
267.1 |
Foreign
securities |
432.3 |
458.8 |
26.5 |
423.8 |
431.4 |
7.5 |
-18.9 |
Others |
8.3 |
7.6 |
-0.7 |
7.8 |
9.3 |
1.4 |
2.2 |
Total |
1,616.1 |
1,862.6 |
246.4 |
1,772.1 |
2,251.7 |
479.5 |
233.1 |
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