Impairment risk from failure to refinance an Australian coal-fired power generation business

「For the Australian coal-fired power generation companies Bluewaters Power 1 Pty Ltd and Bluewaters Power 2 Pty Ltd (collectively, the “Project”), the company reviewed the recoverable amount from the Project in light of the failure to obtain the refinancing requested from lenders for project financing that matured in August 2020. As a result, in the second quarter, the group recognized impairment losses and other losses on its investments and loans. Accordingly, losses of ¥11,199 million were recorded under “share of profit or loss of investments accounted for using the equity method” and losses of ¥15,102 million under “other gains and losses” in the condensed interim consolidated statement of comprehensive income.」