Latest Financial Results and Full Year Forecast

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

(BN JPY)

	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)

Graph
Table

Segment Performance

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

(BN JPY)

	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 *1	US$448.0/t	US$230.0/t	US$243.6/t	US$237.0/t
Thermal coal *1	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$82.9/bbl
Exchange rate *2	¥131.3/US$	¥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

(BN JPY)

	FY2022	FY2023 forecast	Difference
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

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.