Diversified business portfolio focused mainly on trading business Smaller trading business than peers in scale and scope of operations, weaker customer base, and limited number of businesses with strong competitiveness, despite diversification mainly in nonresource fields Smaller scale and breadth of investment portfolio and less vertical integration of value chain than peers Improving decision-making capabilities in investments and asset divestitures Despite a moderate increase in adjusted capital (risk buffer), a likely temporary decline in its capital adequacy because continued active investments are likely to accelerate a rise in risk-based capital (risk-weighted assets) for the next two years Likelihood that return on risk-weighted assets (RORA) will remain above 10% on a four-year weighted average from fiscal 2016 (ended March 31, 2017)
