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Presentation materials for financial results2768Sojitz CorporationTrading & Wholesale

Financial Results for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, net income declined year on year and fell short of plan due to impairment losses in the Australian used-car and metallurgical coal businesses, among others, as well as restructuring losses. For the fiscal year ending March 2027, net income is expected to increase to ¥130.0 billion, supported by improvements in loss-making businesses and earnings contributions from new investments.

Worth reading
77Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-70
¥100 million (year-on-year change in net income)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales27,574 Hundreds of millions of yen
Ordinary income1,156 Hundreds of millions of yen-14.6%
Net income1,036 Hundreds of millions of yen-6.3%
Selling, general and administrative expenses3,051 Hundreds of millions of yen
Full-year earnings forecast
Gross profit
4,400 Hundreds of millions of yen
Selling, general and administrative expenses
-3,200 Hundreds of millions of yen
Profit before tax
1,700 Hundreds of millions of yen
Net income for the current fiscal year
1,300 Hundreds of millions of yen
Underlying earnings power
1,650 Hundreds of millions of yen
EPS
¥623
ROE
12 %
ROA
3.5 %
Dividend per share
¥180
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net income for the current fiscal year90
Underlying operating cash flow97
Gross profit97
Profit before tax83
Segment gross profit
Automobiles102
Aviation and Social Infrastructure92
Energy and Healthcare88
Metals, Resources and Recycling142
Chemicals97
Lifestyle Industries and Agri-Business88
Retail and Consumer Services101
Other95
Segment net income
Aviation and Social Infrastructure91
Energy and Healthcare106
Metals, Resources and Recycling32
Chemicals100
Lifestyle Industries and Agri-Business74
Retail and Consumer Services109
Other184
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Plan not achieved
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Reversal of restructuring costsApproximately +¥10.0 billion
  • Improvement in loss-making businessesApproximately +¥10.0 billion
  • Growth in existing businessesApproximately +¥6.0 billion
  • Earnings from investments under the Medium-Term Management Plan 2023Approximately -¥4.0 billion
  • Earnings from investments under the Medium-Term Management Plan 2026Approximately +¥12.0 billion
  • Other items, tax expenses, etc.Approximately -¥8.0 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Coking coal priceUS$210/t
  • Thermal coal pricesUS$120/t
  • Crude oil (Brent)US$70/bbl
  • Foreign exchangeJPY150/US$
  • Interest rates (TIBOR)1.45%
New initiatives
  • New investments in Australian infrastructure development and Australian public transportation businesses, among others
  • Acquisitions of automotive sales businesses in Panama and Brazil
  • Investment in and acquisition of 日本エイアンドエル
  • Restructuring and business disposal in loss-making and underperforming businesses
  • Company-wide DX initiatives centered on the use of AI
Key KPIsA metric the company considers important as a management benchmark.
  • EPS¥495
    Year on year against the same period last year-19.0%
  • ROE10.1 %
    Year on year against the same period last year-1.6%
  • ROA3.1 %
    Year on year against the same period last year-0.6%
  • CROIC (Automotive)4.1 %
    Year on year against the same period last year-0.9%
  • CROIC (Aviation & Transportation Infrastructure)6.2 %
    Year on year against the same period last year+1.2%
  • CROIC (Energy and Integrated Infrastructure)5.7 %
    Year on year against the same period last year+3.4%
  • CROIC (Metals, Resources and Recycling)7.7 %
    Year on year against the same period last year-2.7%
  • CROIC (Chemicals)12.1 %
    Year on year against the same period last year-1.2%
  • CROIC (Lifestyle Industry and Agribusiness)6.1 %
    Year on year against the same period last year-1.9%
  • CROIC (Retail and Consumer Services)3.6 %
    Year on year against the same period last year-0.2%
Segment results
  • Automobiles
    Gross profit660 Hundreds of millions of yen (YoY +0.8%)
    Net income for the current fiscal year-53 Hundreds of millions of yen (YoY -431.3%)
  • Aviation and Social Infrastructure
    Gross profit275 Hundreds of millions of yen (YoY +2.2%)
    Net income for the current fiscal year155 Hundreds of millions of yen (YoY +27.0%)
  • Energy and Healthcare
    Gross profit659 Hundreds of millions of yen (YoY +63.9%)
    Net income for the current fiscal year319 Hundreds of millions of yen (YoY +41.2%)
  • Metals, Resources and Recycling
    Gross profit170 Hundreds of millions of yen (YoY -52.6%)
    Net income for the current fiscal year48 Hundreds of millions of yen (YoY -83.6%)
  • Chemicals
    Gross profit725 Hundreds of millions of yen (YoY +11.2%)
    Net income for the current fiscal year200 Hundreds of millions of yen (YoY 0.0%)
  • Lifestyle Industries and Agri-Business
    Gross profit335 Hundreds of millions of yen (YoY -4.6%)
    Net income for the current fiscal year59 Hundreds of millions of yen (YoY -7.8%)
  • Retail and Consumer Services
    Gross profit709 Hundreds of millions of yen (YoY +8.7%)
    Net income for the current fiscal year142 Hundreds of millions of yen (YoY +24.6%)
  • Other
    Gross profit142 Hundreds of millions of yen (YoY +10.9%)
    Net income for the current fiscal year166 Hundreds of millions of yen (YoY +130.6%)
Medium-term management plan targets
Medium-Term Management Plan 2026
ROEMore than 12%
Net income for the current fiscal yearAbove ¥120.0 billion
Target fiscal yearThree-year average through the fiscal year ending March 2027
Next Stage
Profit for the period¥200 billion
ROE15%
Target fiscal year2030
Comparison with actual results
Net income for the fiscal year ending March 2026¥103.6 billion
Medium-Term Management Plan 2026 target¥115 billion
Financial targets
ROE
Actual results10.1%
Outlook12%
Equity ratio
Actual results29.9%
Outlook30.8%
Net debt-to-equity ratio
Actual results0.95x
OutlookApproximately 1x
Capital expenditures
¥300 100 million Capex, etc.
Annual Dividend
Actual results¥165
Outlook¥180
Interim and Year-End Breakdown¥90 interim / ¥90 year-end (forecast for the fiscal year ending March 2027)
Acquisition of treasury shares
¥10 billion
Number of Shares2.8 million shares
Period2 May 2025–31 July 2025
Cancellation15 million shares cancelled on 29 August 2025
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales27,574 Hundreds of millions of yen
Ordinary income1,156 Hundreds of millions of yen (YoY -14.6%)
Net income1,036 Hundreds of millions of yen (YoY -6.3%)
Selling, general and administrative expenses3,051 Hundreds of millions of yen
Full-year earnings forecastRevenue Not disclosed / Gross profit 4,400 Hundreds of millions of yen / Selling, general and administrative expenses -3,200 Hundreds of millions of yen / Profit before tax 1,700 Hundreds of millions of yen / Net income for the current fiscal year 1,300 Hundreds of millions of yen / Underlying earnings power 1,650 Hundreds of millions of yen / EPS ¥623 / ROE 12 % / ROA 3.5 % / Dividend per share ¥180
Progress against full-year forecastNet income for the current fiscal year 90 / Underlying operating cash flow 97 / Gross profit 97 / Profit before tax 83 / Segment gross profit Automobiles 102 / Aviation and Social Infrastructure 92 / Energy and Healthcare 88 / Metals, Resources and Recycling 142 / Chemicals 97 / Lifestyle Industries and Agri-Business 88 / Retail and Consumer Services 101 / Other 95 / Segment net income Automobiles Not disclosed / Aviation and Social Infrastructure 91 / Energy and Healthcare 106 / Metals, Resources and Recycling 32 / Chemicals 100 / Lifestyle Industries and Agri-Business 74 / Retail and Consumer Services 109 / Other 184
Self-assessment against the planPlan not achieved
Segment resultsSegment Automobiles / Gross profit 660 Hundreds of millions of yen (YoY +0.8%) / Net income for the current fiscal year -53 Hundreds of millions of yen (YoY -431.3%), Segment Aviation and Social Infrastructure / Gross profit 275 Hundreds of millions of yen (YoY +2.2%) / Net income for the current fiscal year 155 Hundreds of millions of yen (YoY +27.0%), Segment Energy and Healthcare / Gross profit 659 Hundreds of millions of yen (YoY +63.9%) / Net income for the current fiscal year 319 Hundreds of millions of yen (YoY +41.2%), Segment Metals, Resources and Recycling / Gross profit 170 Hundreds of millions of yen (YoY -52.6%) / Net income for the current fiscal year 48 Hundreds of millions of yen (YoY -83.6%), Segment Chemicals / Gross profit 725 Hundreds of millions of yen (YoY +11.2%) / Net income for the current fiscal year 200 Hundreds of millions of yen (YoY 0.0%), Segment Lifestyle Industries and Agri-Business / Gross profit 335 Hundreds of millions of yen (YoY -4.6%) / Net income for the current fiscal year 59 Hundreds of millions of yen (YoY -7.8%), Segment Retail and Consumer Services / Gross profit 709 Hundreds of millions of yen (YoY +8.7%) / Net income for the current fiscal year 142 Hundreds of millions of yen (YoY +24.6%), Segment Other / Gross profit 142 Hundreds of millions of yen (YoY +10.9%) / Net income for the current fiscal year 166 Hundreds of millions of yen (YoY +130.6%)
Breakdown of Factors Affecting the ChangeFactors Reversal of restructuring costs / Amount Approximately +¥10.0 billion, Factors Improvement in loss-making businesses / Amount Approximately +¥10.0 billion, Factors Growth in existing businesses / Amount Approximately +¥6.0 billion, Factors Earnings from investments under the Medium-Term Management Plan 2023 / Amount Approximately -¥4.0 billion, Factors Earnings from investments under the Medium-Term Management Plan 2026 / Amount Approximately +¥12.0 billion, Factors Other items, tax expenses, etc. / Amount Approximately -¥8.0 billion
Key KPIsIndicator name EPS / Value ¥495 / Year on year against the same period last year ¥-19, Indicator name ROE / Value 10.1 % / Year on year against the same period last year -1.6 %, Indicator name ROA / Value 3.1 % / Year on year against the same period last year -0.6 %, Indicator name CROIC (Automotive) / Value 4.1 % / Year on year against the same period last year -0.9 %, Indicator name CROIC (Aviation & Transportation Infrastructure) / Value 6.2 % / Year on year against the same period last year 1.2 %, Indicator name CROIC (Energy and Integrated Infrastructure) / Value 5.7 % / Year on year against the same period last year 3.4 %, Indicator name CROIC (Metals, Resources and Recycling) / Value 7.7 % / Year on year against the same period last year -2.7 %, Indicator name CROIC (Chemicals) / Value 12.1 % / Year on year against the same period last year -1.2 %, Indicator name CROIC (Lifestyle Industry and Agribusiness) / Value 6.1 % / Year on year against the same period last year -1.9 %, Indicator name CROIC (Retail and Consumer Services) / Value 3.6 % / Year on year against the same period last year -0.2 %
Assumptions Underlying the Business OutlookItem Coking coal price / Value US$210/t, Item Thermal coal prices / Value US$120/t, Item Crude oil (Brent) / Value US$70/bbl, Item Foreign exchange / Value JPY150/US$, Item Interest rates (TIBOR) / Value 1.45%
Medium-term management plan targetsMedium-Term Management Plan 2026 ROE More than 12% / Net income for the current fiscal year Above ¥120.0 billion / Target fiscal year Three-year average through the fiscal year ending March 2027 / Next Stage Profit for the period ¥200 billion / ROE 15% / Target fiscal year 2030 / Comparison with actual results Net income for the fiscal year ending March 2026 ¥103.6 billion / Medium-Term Management Plan 2026 target ¥115 billion
Financial targetsROE Actual results 10.1% / Outlook 12% / Equity ratio Actual results 29.9% / Outlook 30.8% / Net debt-to-equity ratio Actual results 0.95x / Outlook Approximately 1x
Annual DividendActual results ¥165 / Outlook ¥180 / Interim and Year-End Breakdown ¥90 interim / ¥90 year-end (forecast for the fiscal year ending March 2027)
Acquisition of treasury sharesAmount ¥10 billion / Number of Shares 2.8 million shares / Period 2 May 2025–31 July 2025 / Cancellation 15 million shares cancelled on 29 August 2025
Capital expenditures¥300 100 million (Capex, etc.)
New initiativesNew investments in Australian infrastructure development and Australian public transportation businesses, among others, Acquisitions of automotive sales businesses in Panama and Brazil, Investment in and acquisition of 日本エイアンドエル, Restructuring and business disposal in loss-making and underperforming businesses, Company-wide DX initiatives centered on the use of AI
Items this document does not state (12)
Operating profitGross profitOperating profit marginResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited impairment losses in the Australian used-car and metallurgical coal businesses, among others, business disposal losses associated with restructuring, lower coal prices and weak production efficiency, and lower transaction volumes in the overseas fertilizer business as reasons for missing its plan and posting lower earnings for the fiscal year ended March 2026. For the fiscal year ending March 2027, the company expects improvements in loss-making businesses and earnings contributions from new investments.

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Financial Results for the Fiscal Year Ending March 2026 | Sojitz Corporation (2768) timely disclosure | Komori