Japanese Insurers Will Sell Cross-Shareholdings After Scandal [BNN Bloomberg (Canada)]
TOKIO MARINE HLDGS S/ADR (TKOMY)
NASDAQ:AMEX Investor Relations:
tokiomarinehd.com/en/ir
Company Research
Source: BNN Bloomberg
Tokio Marine Holdings Inc., MS&AD Insurance Group Holdings Inc., and Sompo Holdings Inc. have more than 6 trillion yen ($40 billion) combined in such holdings according to Bloomberg calculations, based on company filings. Cross-shareholdings, often called strategic holdings by companies, are widely used in Japan to cement business ties. The country's Financial Services Agency has pushed insurers to cut the stakes to improve competition in the aftermath of a price-fixing scandal. “This is an important milestone in Japan's corporate governance reform,” Chisa Kobayashi, a Japan equity strategist at UBS SuMi TRUST Wealth Management, wrote in a note earlier this month. “The P&C insurance industry holds the second-largest number of policy-holding shares after banks and trading companies.” The government ordered the companies to draw up plans to improve their businesses last year after they were found to be colluding to fix prices in contracts with corporate clients. The holdings ha
Show less
Read more
Impact Snapshot
Event Time:
TKOMY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TKOMY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TKOMY alerts
High impacting TOKIO MARINE HLDGS S/ADR news events
Weekly update
A roundup of the hottest topics
TKOMY
News
- Tokio Marine (TKOMY) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
- Tokio Marine Holdings: Poised To Benefit From Emerging Markets [Seeking Alpha]Seeking Alpha
- More insurance companies leaving California [Yahoo! Finance]Yahoo! Finance
- Sacramento fire agencies prepare for wildfire season as more insurance companies leave California [CBS News]CBS News
- California exodus of home insurance companies continues [Yahoo! Finance]Yahoo! Finance