Komori
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) (8053) · RiskMaterialised

Impairment Risk in the UAE Power Generation and Desalination Business Due to Downward Revision of Demand Plans

First written in FY2021-Q3. 1 of 1 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2021-Q3.

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How it moved
Same theme, other companies
Impairment Losses on Assets Used in Overseas BusinessesA theme 45 companies write about · 47 as a headwind · 0 as a tailwind

Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).

The whole theme swung hardest in 2017: 9 of 14 companies on the "Worse" side.

16 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 45 companies compared. The sentences above are computed from all 45.
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  1. FY2021-Q3MaterialisedAnnual report

    「The company revised downward its initially projected business plan. As a result, after reviewing the recoverable amount from the project company, it recognized an impairment loss of ¥10,140 million under “share of profit or loss of investments accounted for using the equity method” in the condensed interim consolidated statement of comprehensive income for the third quarter.」

    Against a backdrop of deteriorating economic conditions caused by COVID-19, the supplier of electricity and water downwardly revised its future demand forecast, resulting in an impairment loss of ¥10.14 billion in the UAE power generation and water desalination business.
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When this could move next
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.)'s next results are scheduled for 2026-11-02. Read the earnings preview
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