sompo holdings incs shares slid monday after the japanese insurance services provider swung to a loss in its first half and halved its netprofit guidance for the full fiscal year sompo holdings reported a loss of 2003 billion yen 14267 million in the six months ended sept 30 compared with a net profit of y13074 billion in the same period a year earlier according to a tokyo stock exchange filing friday for the full fiscal year the company cut its netprofit guidance to y80 billion from the y160 billion it had projected earlier the revised guidance partly reflects largerthanexpected insurance payouts made at one of its subsidiaries because of developments including natural disasters and the spread of covid19 the company said in a statement shares in sompo holdings were recently 90 lower at y557000 after earlier falling as much as 98 to y552300 the lowest intraday level since late may according to factset