Solid business profile in Japan and diverse earnings sources Strong track record of efforts to stabilize its financial profile and strengthen its risk management in response to changes in the external environment Expanding revenue sources as the company strengthens its business to provide other services besides financing, such as overseas asset management Sizeable, albeit declining, exposure to real estate-related assets that are subject to market volatility with slightly high credit costs Susceptibility to financial market turmoil owing to its dependence on capital markets funding Potential increases in business complexity and financial risk given its trend of active investments, including mergers and acquisitions Standard&Poor's Ratings Services revised to negative from stable its outlook on the long-term counterparty credit rating
