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 marginally lower than the amount of risk-based capital (risk asset) required under our 'BBB' stress scenario Weaker profitability than its peers More prudent toward new investments and loans than its peers and limited concentration risk on large-lot transactions Financially disciplined investment policy limits a further increase in its already-high debt level Adequate asset risk management capabilities, but profit contributions from existing investments are smaller than those of its peers Standard
