Concentration of risk exposure to Indonesia and other countries and regions
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2023.
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「Our trading and investment activities entail the risk of concentrated exposure to specific countries, sectors or counterparties.」
The description has been reframed from concentration in regions such as Indonesia to concentration risk in general, including countries, sectors and counterparties, with country-risk management, exposure limits for upstream resource and energy projects, and monitoring of major counterparties presented as management measures. - FY2021-Q2WorsenedAnnual report
「In the Indonesian automotive finance business, total one-time losses of approximately ¥21 billion were incurred through the second quarter due to increased provisions related to payment deferrals and other measures accompanying the local government's introduction of emergency measures for COVID-19, as well as impairment losses. From the third quarter onward, there is concern that credit costs may increase further.」
Losses in the automotive finance business, one of the businesses concentrated in Indonesia, expanded to approximately ¥21 billion, and concern about further increases in credit costs continues. - FY2021-Q1WorsenedAnnual report
「In the Indonesian automotive finance business, a one-time loss of approximately ¥6 billion was incurred in the first quarter due to an increase in provisions related to payment deferrals and other measures accompanying the local government's introduction of emergency measures for COVID-19. From the second quarter onward, there is concern that credit costs may increase further and impairment losses may arise.」
The automotive finance business, one of the businesses concentrated in Indonesia, incurred a loss of approximately ¥6 billion, and additional credit costs and impairment risks were also indicated. - FY2018RestatedAnnual report
「In Indonesia, for example, we operate a range of businesses, including large-scale power generation, automotive finance and liquefied natural gas (LNG) projects, resulting in concentrated risk exposure.」
The concentration of risk exposure to power generation, automotive finance, LNG and other businesses in Indonesia continues to be disclosed. - FY2017RestatedAnnual report
「In Indonesia, for example, we operate a range of businesses, including large-scale power generation, automotive finance and liquefied natural gas (LNG) projects, resulting in concentrated risk exposure.」
The concentration risk associated with multiple businesses in Indonesia, including power generation, automotive finance and LNG, continues to be disclosed. - FY2016First statedAnnual report
「Certain parts of our business and investment activities have a high degree of concentration in specific markets, investees or regions. In Indonesia, for example, we operate a range of businesses, including a large-scale copper and gold mining project, a large-scale power generation business, an automotive finance business and liquefied natural gas (LNG) projects, resulting in concentrated risk exposure.」
Because multiple businesses are operated in the same region, deterioration in the regional economy or individual markets could spread to multiple businesses.