Relatively stable profits from nonresource businesses Manageable risks including limited concentration risk Stable funding base Somewhat weaker business base in terms of scale and scope than peers' Weaker profitability than peers' Volatility in cash flow and financial standing because of relatively small asset base The stable outlook reflects Standard&Poor's Ratings Services' view that Sojitz Corp.'s plans for new capital investments and loans are more conservative than those of its peers. Even though we expect its risk assets to increase, we believe that they are likely to remain manageable, and that the company will maintain the balance between its risk assets and capital at an adequate level for the current rating. We may see downward pressure on the rating
