Diversified business portfolio focused mainly on its trading business Smaller trading business than its peers in terms of scale and scope Relatively weaker strategic investment capabilities than its peers and weaker track records in building business networks and gathering information intelligence on a global basis Adjusted capital (risk buffer) is less than the risk-based capital (risk assets) required under our 'BBB' stress scenario Lower, albeit more stable, profit generation than its peers Greater prudence toward new investments than its peers and limited asset concentration risk Increasing pressure on financial standing as a result of planned expansion of investment over the next two years Adequate asset risk management capabilities S&P Global Ratings' outlook on Sojitz Corp. is stable. The outlook reflects