We present a precise measurement of the standard model CP -violation parameter sin 2φ 1 , the direct CP violation parameter |λ|, the lifetimes of charged and neutral B mesons and their ratio, and the B 0 -B 0 mixing parameter ∆m d based on a sample of 152 × 10 6 BB pairs collected at the Υ(4S) resonance with the Belle detector at the KEKB asymmetric-energy e + e − collider. One of two B mesons is fully reconstructed in a CP -eigenstate or a flavor-eigenstate decay channel. The flavor of the accompanying B meson is identified from its decay products. From the distributions of the time interval between the two B meson decay points, we obtain sin 2φ 1 = 0.728 ± 0.056(stat) ± 0.023(syst), |λ| = 1.007 ± 0.041(stat) ± 0.033(syst), τ