Risks to the Information and Communications Infrastructure Business from the Myanmar Political Upheaval
First written in FY2021. 3 of 4 entries say "Materialised", first in FY2021. Latest entry: FY2024.
Sumitomo Corporation (Sumitomo Shoji Kaisha,Ltd.) moved to the "Worse" side of this theme in 2021.
0 other companies' latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「In the Myanmar telecommunications business, following a reassessment of lease receivables in response to the lack of improvement in restrictions on the convertibility of U.S. dollars, the Group recognized an impairment loss of ¥35,215 million on its investment in the Media & Digital Business Division, taking into account the reversal of the impairment loss recognized in the previous period.」
Country risk in Myanmar and currency convertibility restrictions continued to materialize through a review of the recoverable amount of the investment and an impairment loss of ¥35.215 billion. - FY2023MaterialisedAnnual report
「In the current period, following a reassessment of the recoverable amount of the investment in the Myanmar telecommunications business in response to increased country risk, the Group recognized an impairment loss of ¥17,464 million on its investment in the Media & Digital Business Division, recorded under “Equity in earnings of affiliates” in the consolidated statement of comprehensive income.」
Country risk associated with the political upheaval in Myanmar and other factors materialized through a review of the recoverable amount of the investment and an impairment loss of ¥17.464 billion. - FY2022WorsenedAnnual report
「Although geopolitical risks exist in Myanmar and newly entered Ethiopia in the overseas telecommunications business, demand associated with regional development is expected.」
In addition to the difficult business environment caused by the political upheaval in Myanmar, geopolitical risk associated with entering Ethiopia was newly reported. - FY2021MaterialisedAnnual report
「In overseas information and communications infrastructure businesses, a severe and uncertain business environment has continued due to the effects of the political upheaval in Myanmar.」
The political upheaval in Myanmar actually affected the operating environment for the telecommunications infrastructure business, and the difficult environment was reported to be continuing.