IR Information



challenges Case2 Our strengths and value added (the origins of our corporate value) Case3 Case1 Case1 Case2 High profitability & efficiency

Strengths (3) Limited downside risks

Due mainly to the turmoil in the financial markets, a sharp decline in stock prices and a rapid slowdown in the global economy, we recorded impairment losses on stocks and increased credit costs for FY3/2009. In order to quickly adapt to these changes in our business environment and promote a steady recovery of our earnings starting from FY3/2010, we have made additional loss provisions for our assets in preparation for further economic deterioration and calculated deferred tax assets more conservatively.


Total credit cost Deferred tax assets Stock holdings and securitized products




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