General Announcement::Notice of Impairment Loss

Issuer & Securities

Issuer/ Manager
SUMITOMO CORPORATION
Securities
SUMITOMOCORPUS$500M2.5%B220913 - XS1656933535 - 7V8B
SUMITOMOCORPUS$500M2.6%N240709 - XS2022128917 - NCNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Jan-2021 16:42:38
Status
New
Announcement Sub Title
Notice of Impairment Loss
Announcement Reference
SG210125OTHRNMWA
Submitted By (Co./ Ind. Name)
Moe Minamoto
Designation
Finance Department
Effective Date and Time of the event
25/01/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
In addition to the impairment loss released on the 20th of July 2020 of approximately 55 billion yen relating to Ambatovy Nickel Project in Madagascar, Sumitomo Corporation (hereinafter Sumitomo ) will recognize an additional impairment loss of approximately 30 billion yen relating to Ambatovy Nickel Project in the 3rd quarter of FY 2020 (October 1st 2020 to December 31st 2020). In addition to this impairment loss on a consolidated basis, a valuation loss of subsidiary shares will also be booked on a non-consolidated basis. (Please find attached for details)

Attachments

Sumitomo Corporation Notice of Impairment Loss.pdf
Total size =105K