Slide 1: Presentation Materials for Financial Results for the Year Ended March 31, 2025
Presentation Materials for Financial Results for the Year Ended March 31, 2025 May 1, 2025 Sojitz Corporation Copyright Copyright © © Sojitz Sojitz Corporation Corporation 2023 2025
Slide 2: Index
Index INDEX｜1 Progress of Medium-term Management Plan 2026 -Set for Next Stage- INDEX｜2 Financial Results for the Year Ended March 31, 2025 and Full Year Forecast of Fiscal Year Ending March 31, 2026 INDEX｜3 Segment Information INDEX｜4 Supplemental Information Copyright © Sojitz Corporation 2025 2
Slide 3: Progress of Medium-term Management Plan 2026 - Set for Next Stage
INDEX｜1 Progress of Medium-term Management Plan 2026 -Set for Next Stage-
Slide 4: Creating the Sojitz Growth Story - Set for Next Stage
INDEX ｜ 1 Roadmap to the “Next Stage” Vision for 2030 Next Net Profit: ¥200.0 bn “Becoming a company that constantly cultivates business and human capital” Stage ROE: 15% Market Cap: ¥2 trillion Create our corporate value by meeting market needs and providing solutions to social issues Sojitz Group
Slide 5: Profit outlook towards Next Stage
INDEX ｜ 1 Profit outlook towards Next Stage ⚫ Profit for the year of JPY110.6bn in FY2024, surpassing initial forecast and previous fiscal year and ROE of 11.7% as planned ⚫ Smooth progress toward three-year average targets of MTP2026 of profit for the year ⚫ Profit for the year projected to increas
Slide 6: Creating the Sojitz Growth Story
INDEX ｜ 1 The Sojitz Growth Story Creating the “Sojitz Growth Story” Transformation of portfolio to advance Sojitz to its Next Stage through creating the Sojitz Growth Story Expansion of new investments Enhancement of existing businesses ⚫ Pursuit of capacity acquisition and business ⚫ Utilization o
Slide 7: The Sojitz Growth Story - Expansion of New Investments
0.0 INDEX ｜ 1 The Sojitz Growth Story – Expansion of New Investments ⚫ Investment in multiple non-resource and other businesses in which Sojitz can leverage its competitive edge ⚫ Demonstration of growth by creating multiple distinctly Sojitz revenue-generating clusters of businesses (Katamari) on p
Slide 8: The Sojitz Growth Story - Enhancement of Existing Businesses
INDEX ｜ 1 The Sojitz Growth Story - Enhancement of Existing Businesses ⚫ Improvement of value through strength augmentation and function enhancement, pursuit of ongoing growth through development of frameworks for collaboration with external partners, and refinement of existing businesses by impleme
Slide 9: Digital Transformation Strategy
INDEX ｜ 1 Digital Transformation Strategy ⚫ Promotion of earning with digital technologies, improvement of value with digital technologies, and development of digital infrastructure based on “Digital-in-All” concept for creating value ⚫ Development underway of road map for generating JPY10.0bn in ea
Slide 10: EX Business Strategy
INDEX ｜ 1 EX Business Strategy ⚫ In the MTP2026, the following areas have been selected for initiatives: 1. Offset Solutions, 2. Biofuel, 3. E-fuel and 4. H2, Ammonia and CCS ⚫ Select competitive projects in the four areas and steadily realize them starting from those that are feasible for commercia
Slide 11: Human Resources Strategy
INDEX ｜ 1 Human Resources Strategy ⚫ New approach toward human resources prioritizing “strengthening individuals” and developing “organizations capable of utilizing individuals” to further Sojitz toward its Next Stage MTP2026 2030 Becoming a company that Sojitz Group ⚫ Build diverse teams of employe
Slide 12: Shareholder Returns Policy
INDEX ｜ 1 Shareholder Returns Policy ⚫ 10% increase in dividends YoY (from JPY150 to JPY165) based on progressive and predictable stable dividend policy ⚫ Announcement of share buybacks with an upper limit of JPY10.0bn or 2,800,000 shares based on stock price and core operating cash flow trends Enha
Slide 13: Pathway to Achieving the Profit Target for FY25
INDEX ｜ 1 Pathway to Achieving the Profit Target for FY25 ⚫ Resilience to market conditions improved due to transformation of the business portfolio centered on non-resource businesses ⚫ Anticipate profit for the year of JPY120.0bn for FY25, however, considering the impact of U.S. tariff measures, w
Slide 14: Financial Results for the Year Ended March 31, 2025 and Full Year Forecast
INDEX｜2 Financial Results for the Year Ended March 31, 2025 and Full Year Forecast of Fiscal Year Ending March 31, 2026
Slide 15: FY24 Summary
INDEX ｜ 2 FY24 Summary ⚫ Profit for the year of JPY110.6bn in FY2024, profit increased compared to FY2023, surpassing full-year forecast of JPY110.0bn ⚫ Generation of profits accompanied by cash with solid core operating cash flow FY23 FY24 Difference FY24 Forecast FY25 Forecast (Feb. 4, 2025) （BN J
Slide 16: Summary of Profit or Loss
INDEX ｜ 2 Summary of Profit or Loss FY24 FY25 FY23 FY24 Difference Main Factors Forecast Achieved Forecast Difference (BN JPY） (Feb.4, 2025) Revenue 2,414.6 2,509.7 +95.1 Energy Solutions & Healthcare +39.1, Automotive +29.9, Chemicals +27.3, Aerospace, Transportation & Infrastructure +22.1 － － － －
Slide 17: Summary of Balance Sheet
INDEX ｜ 2 Summary of Balance Sheet Mar. 31, Mar. 31, Difference Main Factors （BN JPY） 2024 2025 Assets(current/non-current) 2,886.9 3,087.3 +200.4 Trade and other receivables ⚫ Increased due to acquisition of new consolidated subsidiaries Cash and cash equivalents 196.3 192.3 (4.0) and tobacco trans
Slide 18: Financial Summary
INDEX ｜ 2 Financial Summary FY24 Mar. 31, Mar. 31, FY25 Difference Forecast Difference 2024 2025 Forcast （BN JPY） (Feb.4, 2025) Total Assets 2,886.9 3,087.3 +200.4 3,100.0 3,300.0 +212.7 *1 Total Equity 924.1 969.0 +44.9 980.0 1,020.0 +51.0 Shareholder Equity*2 724.9 778.8 +53.9 － － － Equity Ratio*1
Slide 19: Summary of Cash Flow
INDEX ｜ 2 Summary of Cash Flow FY23 FY24 Difference Main Factors （BN JPY） CF from operating activities CF from operating activities 112.2 (16.7) (128.9) ⚫ Inflows from operating activities and dividend -Dividend received from equity-method associates- FY23 ：JPY35.2 bn FY24 ：JPY28.6bn ⚫ Outflows for
Slide 20: Cash Flow Management
INDEX ｜ 2 Cash Flow Management ⚫ Allocating approx. 70% of the core operating cash flow over the 3-year period to growth investments for reinforcing base of growth and human capital investments, and approx. 30% to shareholder returns under MTP2026 ⚫ Despite some delays in the execution of planned in
Slide 21: FY24 Investments and Asset Replacement
INDEX ｜ 2 FY24 Investments and Asset Replacement Total Investments JPY103.0bn ● Railcar repair business and railcar leasing business in the U.S. ● Energy-saving service businesses in the U.S. and Australia Essential infrastructure JPY66.0bn ● Off-shore wind power generation business in Taiwan ● Elec
Slide 22: MTP2026 - Investment Contributions
INDEX ｜ 2 MTP2026 – Investment Contributions ⚫ MTP2026 Investments: Although the first-year returns were below expectations due to delays in investment execution, the forecast is raised due to the steady growth and early contribution of profits from new investments. ⚫ MTP2020 and 2023 Investments: D
Slide 23: Summary of Gross Profit by Segment
INDEX ｜ 2 Summary of Gross Profit by Segment (BN JPY) 346.8 326.0 FY24 FY23 FY24 Difference Forecast Achieved （BN JPY） (Oct. 30, 2024) 65.5 60.2 Automotive 60.2 65.5 +5.3 69.0 95% 26.3 21.3 Aerospace, Transportation & 21.3 26.3 +5.0 25.0 105% Infrastructure 31.4 40.9 Energy Solutions & Healthcare 31
Slide 24: Summary of Profit by Segment
INDEX ｜ 2 Summary of Profit by Segment (BN JPY) 110.6 FY23 FY24 Difference Main Factors 100.8 1.6 （BN JPY） 12.3 2.3 Despite earnings contribution from the automobile sales 6.1 Automotive 2.3 1.6 (0.7) business in Panama, profit decreased due to a slump in the used car sales business in Australia Hig
Slide 25: FY25 Forecast Gross Profit and Profit for the Year by Segment
INDEX ｜ 2 FY25 Forecast Gross Profit and Profit for the Year by Segment Gross Profit Profit for the Year FY25 FY25 FY24 FY24 Outlook Forecast Forecast （BN JPY） Forecast of high profit due to improvements in used car sales business in Automotive 65.5 70.0 1.6 6.0 Australia and earnings contributions
Slide 26: Cash Return on Investment Capital (CROIC) by Segment
INDEX ｜ 2 Cash Return on Investment Capital (CROIC) by Segment MTP2023 MTP2026 Value MTP2023 FY21 FY22 FY23 FY24 Creation Analysis towards value creation targets under MTP2026 Next Stage 3-year avg. Targets ・Decline in CROIC, despite earnings contributions from new investments, due to downturns in u
Slide 27: Commodity Prices, Foreign Exchange, and Interest Rate
INDEX｜2 Commodity Prices, Foreign Exchange, and Interest Rate FY23 FY24 FY25 Assumptions Latest Data (Annual Avg.) (Annual Avg.) (Annual Avg.) （As of Apr. 24, 2025） Coking coal *1 US$287/t US$210/t US$180/t US$191/t *1 Thermal coal US$142/t US$130/t US$100/t US$92/t Crude oil (Brent) US$82.1/bbl US$
Slide 28: Evaluation by Society
INDEX｜2 Evaluation by Society ESG Evaluation The 1st Place in General Trading Firms The 2nd Time The 8th time The 3rd Time The 6th Time Health and productivity Stock Selection granted to top enterprises, Third Consecutive Year Leadership “A- score” From 2010 Sojitz was awarded Platinum Kurumin Plus
Slide 29: Segment Information
INDEX｜3 Segment Information * Effective April 1, 2024, Sojitz Group reorganized several segments and changed its reporting figures for FY2023.
Slide 30: Automotive
INDEX｜3 Automotive Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY1.6bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 53% towards forecast of JPY3.0bn) Profit JPY1.6bn JPY6.0bn ・・・ JPY15.0bn Gross profit 60.2 65.5 +5.3 ⚫ Solid earnings contributions fr
Slide 31: Automotive - Profit of Main Subsidiaries and Associates
INDEX｜3 Automotive Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Country (BN JPY) Automotive Sales Business by Region Japan, the Philippines, Pakistan Japan and Asia (0.2) (0.3) (0.1) (0.8) (1.4) (0.2) 0.4 (0.1) (
Slide 32: Aerospace, Transportation & Infrastructure
INDEX｜3 Aerospace ,Transportation & Infrastructure Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY12.3bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 112% towards forecast of JPY11.0bn) Profit JPY12.3bn JPY12.5bn ・・・ JPY25.0bn ⚫ Increase in defense-re
Slide 33: Aerospace, Transportation & Infrastructure - Profit of Main Subsidiaries
INDEX｜3 Aerospace ,Transportation & Infrastructure Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description ownership Period （BN JPY） Transportation vessel asset Aircraft sales represen
Slide 34: Energy Solutions & Healthcare
INDEX｜3 Energy Solutions & Healthcare Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY22.4bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 118% towards forecast of JPY19.0bn) ⚫ Expansion of earnings from energy- Profit JPY22.4bn JPY23.0bn ・・・ JPY50.0bn
Slide 35: Energy Solutions & Healthcare - Profit of Main Subsidiaries
INDEX｜3 Energy Solutions & Healthcare Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description ownership Period （BN JPY） Energy-related and thermal power generation businesses LNG proje
Slide 36: Metals, Mineral Resources & Recycling
INDEX｜3 Metals, Mineral Resources & Recycling Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY29.2bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 97% towards forecast of JPY30.0bn) ⚫ Decline of market prices Profit JPY29.2bn JPY25.0bn ・・・ JPY35.0bn Gro
Slide 37: Metals, Mineral Resources & Recycling - Profit of Main Subsidiaries
INDEX｜3 Metals, Mineral Resources & Recycling Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description ownership Period （BN JPY） Investment in coal mines in Sojitz Development Pty. Ltd.
Slide 38: Chemicals
INDEX｜3 Chemicals Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY20.0bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 111% towards forecast of JPY18.0bn) ⚫ Rebound from one-time losses in Profit JPY20.0bn JPY20.0bn ・・・ JPY30.0bn Gross profit 59.7 65.2
Slide 39: Chemicals - Profit of Main Subsidiaries and Associates
INDEX｜3 Chemicals Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description ownership Period （BN JPY） Manufacture and sale of PT. Kaltim Methanol Industri 85% 1.4 1.5 1.7 0.1 4.7 1.3 1.4
Slide 40: Consumer Industry & Agriculture Business
INDEX｜3 Consumer Industry & Agriculture Business Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY6.4bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 80% towards forecast of JPY8.0bn) ⚫ Increased sales volume due to Profit JPY6.4bn JPY8.5bn ・・・ JPY20.0bn
Slide 41: Consumer Industry & Agriculture Business - Profit of Main Subsidiaries
INDEX｜3 Consumer Industry & Agriculture Business Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description ownership Period （BN JPY） Fertilizer businesses -Thai Central Chemical Public M
Slide 42: Retail & Consumer Service
INDEX｜3 Retail & Consumer Service Summary The Sojitz Growth Story (Profit for the year) FY23 FY24 Difference FY24 Results: JPY11.4bn FY24 FY25 Forecast Next Stage (BN JPY） (Achieved 104% towards forecast of JPY11.0bn) ⚫ Increased earnings in the domestic Profit JPY11.4bn JPY13.0bn ・・・ JPY30.0bn Gros
Slide 43: Retail & Consumer Service - Profit of Main Subsidiaries
INDEX｜3 Retail & Consumer Service Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2023 FY2024 Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference Business Description ownership Period （BN JPY） Wholesale of food products and consumer goods, operation of Retail b
Slide 44: Supplemental Information
補足資料｜3 INDEX｜4 Supplemental Information
Slide 45: Shareholder Returns Policy
INDEX｜4 Shareholder Returns Policy Shareholder Returns Policy *Repost of MTP2026 Approx. 30% of Core operating CF (3 years total) is allocated to shareholder returns Explanation of Shareholder’s Equity DOE Progressive dividend 4.5% of Shareholder equity Flexible share buyback in case of surplus cash
Slide 46: Cash Flow Management by Segment
INDEX｜4 Cash Flow Management by Segment （BN JPY） CASH IN CASH OUT Core operating CF （Total） New Investments (including Capex) （Total） （Total） 157.5 Core operation CF FY2024 (189.5) (32.0) Shareholder Returns Investment 基礎的営業CF Recovery 回収 新規投資 株主還元 12.0 Automotive (12.0) 0.0 Aerospace, Transportatio
Slide 47: Changes in Business Portfolio (Resource and Non-Resource Businesses)
INDEX｜4 Changes in business Portfolio（Resource and Non-Resource Businesses） ⚫ Reinforcement of reliable earnings foundations through investments focused on non-resource businesses (BN JPY) Total (excluding one-time factors) Resource business Non-resource business 133.3 Percentage of total attributab
Slide 48: PL Summary
INDEX｜4 PL Summary FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 (BN JPY) Net sales 4,006.6 3,745.5 4,209.1 ー ー ー ー ー ー ー (JGAAP) Revenue 1,658.1 1,555.3 1,816.5 1,856.2 1,754.8 1,602.5 2,100.8 2,479.8 2,414.6 2,509.7 Gross profit 180.7 200.7 232.4 241.0 220.5 188.1 271.3 337.6 326.0 346.8 Opera
Slide 49: PL Summary
INDEX｜4 PL Summary 111.2 110.6 Profit for the year (BN JPY) ROA（％） 100.8 4.2 82.3 3.6 3.7 70.4 3.3 3.0 60.8 56.8 2.7 2.5 40.8 36.5 1.9 27.0 1.7 1.2 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Copyright © Sojitz Corporation 2025 49
Slide 50: Balance Sheets Summary
INDEX｜4 Balance Sheets Summary Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, (BN JPY) 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Current assets 1,146.4 1,229.8 1,376.3 1,267.7 1,217.5 1,195.4 1,394.2 1,444.5 1,462.5 1,575.1 Cash and cash equivalents
Slide 51: Balance Sheets Summary
INDEX｜4 Balance Sheets Summary (BN JPY) Net Interest-Bearing Debt Total Equity Net DER (Times) 1.10 1.11 1.06 1.06 1.03 0.99 0.95 0.92 0.75 0.75 969.0 924.1 887.2 837.7 770.2 728.0 697.3 619.0 611.1 603.5 618.2 613.2 610.6 629.4 571.6 586.4 584.7 579.1 520.3 550.5 Mar. 31, 2016 Mar. 31, 2017 Mar. 31
Slide 52: Financial Summary
INDEX｜4 Financial Summary Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, Mar. 31, 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 (BN JPY) Total assets 2,056.7 2,138.5 2,350.4 2,297.1 2,230.3 2,300.1 2,661.7 2,660.8 2,886.9 3,087.3 Total equity 520.3 550.5 586.4 6
Slide 53: Cash Flow Summary
INDEX｜4 Cash Flow Summary FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 (BN JPY) Core CF 18.3 5.5 (56.7) 63.1 1.3 (8.0) 10.5 135.6 (62.8) (31.8) Free CF 66.0 (31.3) 12.4 54.3 4.8 49.3 (73.7) 200.8 124.6 (110.8) Core operationg CF 60.0 59.4 82.9 79.1 80.2 60.2 128.7 145.2 109.2 135.2 Cash flow fr
Slide 54: Cash Flow Summary
INDEX｜4 Cash Flow Summary CF from operating activities CF from investing activities FCF Core CF 200.8 (BN JPY) 171.6 135.6 124.6 112.2 99.9 98.8 96.5 85.0 66.0 63.1 65.1 54.3 49.3 40.5 18.3 29.2 5.5 12.4 10.5 12.4 0.9 1.3 4.8 (8.0) (31.8) (16.7) (31.3) (56.7) (33.9) (35.7) (35.7) (42.2) (32.2) (62.8
Slide 55: Caution regarding Forward-looking Statements and Original Language
Caution regarding Forward-looking Statements and Original Language 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. Sojitz makes no assurances as to the actual