Sojitz Corporation


Latest Financial Results and Full Year Forecast

Consolidated Financial Results for the First Quarter Ended June 30, 2023

moreFinancial Results Materials


FY2022 Q1 FY2023 Q1 Difference
Revenue 618.5 556.0 (62.5)
Gross profit 96.9 72.7 (24.2)
Profit for the Year attributable to owners of the Company 45.2 22.1 (23.1)

Changes of Yearly Financial Results (Cumulative)

Gross Profit

Profit attributable to owners of the Company

Trends in Financial Data(EXCEL)

Segment Performance (Profit for the period attributable to owners of the Company, cumulative)

Segment Performance

Note : Effective April 1, 2023, Sojitz Group reorganized several segments and changed its reporting figures for FY2022 Q1.


FY22 Q1 FY23 Q1 Difference
Automotive 2.0 1.6 (0.4)
Aerospace & Transportation Project 1.0 0.5 (0.5)
Infrastructure & Healthcare 6.6 2.3 (4.3)
Metals, Mineral Resources & Recycling 24.7 8.2 (16.5)
Chemicals 5.6 2.8 (2.8)
Consumer Industry & Agriculture Business 3.2 0.9 (2.3)
Retail & Consumer Service 0.2 5.3 +5.1
Others 1.9 0.5 (1.4)

Main factors behind the difference

Automotive ¥1.6 billion (Down ¥0.4 bn YoY)
Decreased due to withdrawal from distributorship businesses in Thailand
Aerospace & Transportation Project ¥0.5 billion (Down ¥0.5 bn YoY)
Decreased due to lower aircraft-related transactions
Infrastructure & Healthcare ¥2.3 billion (Down ¥4.3 bn YoY)
Decreased due to absence of gain on partial sale of equity in telecommunications
Metals, Mineral Resources & Recycling ¥8.2 billion (Down ¥16.5 bn YoY)
Decreased due to decreases in coal prices
Chemicals ¥2.8 billion (Down ¥2.8 bn YoY)
Decreased due to decreases in commodity prices and one-time losses
Consumer Industry & Agriculture Business ¥0.9 billion (Down ¥2.3 bn YoY)
Decreased due to decreases in sales prices of fertilizer business and building material business
Retail & Consumer Service ¥5.3 billion (Up ¥5.1 bn YoY)
Increased due to recovery in domestic retail business and negative goodwill recorded in association with on a new investment
Others ¥0.5 billion (Down ¥1.4 bn YoY)

Segment Information(PDF)

Commodity Prices and Exchange Rates

FY22 Results
(Apr.-Jun.'22 Avg.)
FY23 Assumption
(Annual Avg.)
FY23 Results
(Apr.-Jun.'23 Avg.)
Latest Data
(As of Jun. 26, 2023)
Coking coal
US$448.0/t US$230.0/t US$243.6/t US$237.0/t
Thermal coal
US$378.9/t US$160.0/t US$160.7/t US$138.5/t
Crude oil (Brent) US$112.0/bbl US$80.0/bbl US$77.7/bbl US$82.9/bbl
rate *2
¥131.3/US$ ¥125.0/US$ ¥139.6/US$ ¥141.1/US$
Interest Rate(TIBOR) 0.07% 0.06% 0.07% 0.07%
*1 :
Coal prices are based on standard market prices and therefore differ from the Company’s selling prices.
*2 :
Impact of fluctuations in the exchange rate on earnings: ¥1/US$ change alters gross profit by approx. ¥0.75
billion annually, profit for the year (attributable to owners of the Company) by approx. ¥2.0 billion annually,
and total equity by approx. ¥0.3 billion annually.

Full Year Forecast of Fiscal Year Ending March 31, 2024


FY2022 FY2023
Gross profit 337.6  320.0  (17.6) 
Profit for the Year
(attributable to owners of the Company)
111.2  95.0  (16.2) 

FY2023 Profit for the Year Forecast by Segment


Caution regarding Forward-looking Statements
This document contains forward-looking statements based on information available to the Company at the time of disclosure and certain assumptions that management believes to be reasonable. Actual results may differ materially based on various factors including the timing at which the changes in economic conditions in key markets, both in and outside of Japan, and exchange rate movements. The Company will provide timely disclosure of any material changes, events, or other relevant issues.

Stock Quote

*Dividends per share is the annual dividend forecast for the year ending March 31, 2024.

*The historical Sojitz stock prices provided on this graph are as of previous day.

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