Slide 1: Financial Results for the Year Ended March 31, 2021
Financial Results for the Year Ended March 31, 2021 April 30, 2021 Sojitz Corporation Copyright © Sojitz Corporation 2021 1
Slide 2: FY2020 Summary
FY2020 Summary ◼ Profit for the year was ¥27.0 billion due to global economic slowdown and market condition deterioration as a result of the COVID-19 pandemic. ◼ Impairment losses recorded to account for structural reform expenses as a result of swift withdrawal from certain thermal coal and oil int
Slide 3: Cash Flow Management
Cash Flow Management Positive three-year aggregate Free Cash Flow (FCF) and core cash flow Positive six-year aggregate core cash flow during MTP2023* *MTP2023:Referred to as Medium-term Management Plan 2023 MTP 2020 MTP 2023 FY2020 3-year total 3-year total Results (FY2018–FY2020) (FY2021–FY2023) Co
Slide 4: FY2021 Forecast
FY2021 Forecast ◼ Anticipated economic restoration as for vaccine of COVID-19 is widely adopted ◼ It takes certain time for aircraft-related business and retail-related business to recover from COVID-19, but we anticipate steel demand and coal market will be recovering in addition to automotive and
Slide 5: Dividend Policy
Dividend Policy ◼ Sojitz recognizes that paying stable and continuous dividends is a management priority, together with enhancing shareholder value through the accumulation and effective use of retained earnings. ◼ Our basic policy will be to target a consolidated payout ratio of about 30%. ◼ Lower
Slide 6: External Evaluation
External Evaluation Working environments where they can work much more actively ＜Women in the workplace＞ ＜Building a positive work environment＞ For 5 consecutive years New New For 3 consecutive years For 4 consecutive years ESG Rating Inclusion in Major Indexes and Evaluations by ESG Rating Institut
Slide 7: Supplemental Data: Financial Results for the Year Ended March 31, 2021
【Supplemental Data】 Ⅰ. Financial Results for the Year Ended March 31, 2021 Forecast of Fiscal Year Ending March 31, 2022 Copyright © Sojitz Corporation 2021 7
Slide 8: Summary of Financial Results and Forecast
Summary of Financial Results for the Year Ended March 31, 2021 and Forecast of Fiscal Year Ending March 31, 2022 FY2020 _ FY2019 FY2020 Revised FY2021 Difference Achieved Results Results Forecast Forecast (Billions of Yen) (Feb. 3, 2021) Revenue 1,754.8 1,602.5 (152.3) - - - Gross profit 220.5 188.1
Slide 9: Summary of Profit or Loss: Profit for the Year by Segment
Summary of Profit or Loss Profit for the Year by Segment Profit for the year (attributable to Main Factors Behind Difference owners of the Company) by segment ■Automotive \ 1.2 billion （down \ (1.2) billion YoY） (Billions of Yen) 60.8bn Decreased due to reduced automobile sales as a result of the gl
Slide 10: FY2021 Forecast Profit for the Year by Segment
FY2021 Forecast Profit for the Year by Segment FY2020 FY2021 FY2021 Outlook (Billions of Yen) Results Forecast ■Automotive Automotive 1.0 5.0 Earnings contributions anticipated from investments in emerging Aerospace & Transportation countries along with recovery in sales in principal businesses due
Slide 11: Summary of Balance Sheets
Summary of Balance Sheets Changes in Total Equity (End of Mar. 2020 vs. End of Mar. 2021, Breakdown) End of End of Difference Mar. 2020 Mar. 2021 ⚫ Profit for the year attributable to (Billions of Yen) owners of the Company ¥ 27.0 billion ⚫ Dividends paid ¥ (16.4) billion Total Assets 2,230.3 2,300.
Slide 12: Summary of Free Cash Flows
Summary of Free Cash Flows (Billions of Yen) Operating Cash Flow Investing Cash Flow FCF Core Cash Flow 150.0 98.8 96.5 100.0 85.0 63.1 50.0 40.5 49.3 4.8 54.3 12.4 0.0 1.3 (8.0) (50.0) (35.7) (56.7) (42.2) (35.7) (86.4) (100.0) FY2017 FY2018 FY2019 FY2020 ※Core cash flow = Core operating cash flow
Slide 13: Investments and Loans and Asset Replacement
Investments and Loans and Asset Replacement for the Year Ended March 31,2021 FY2020 Results Main Businesses ◼ Domestic solar power generation operations ◼ Off-shore wind power business in Taiwan ◼ IPP business in the United States ◼ Capital Tie-Up with Royal Holdings Investments and Loans ◼ Global h
Slide 14: Assets Breakdown
Assets Breakdown FY20 Total assets Approx. ¥2,300bn Fixed assets/Goodwill balance FY20 FY19 FY20 Total assets Approx. Approx. Approx. ¥450bn ¥410bn ¥450bn The trade receivables and other credits （Approx.¥640bn） Ferroalloys and Current assets non-ferrous metals （¥75bn） → （¥80bn） （Approx.¥1,200bn） Inv
Slide 15: Balance Sheet and Cash Flow Management
Balance Sheet and Cash Flow Management (Billions of yen) Cash in Cash out Core CF 0 50 100 0 50 100 (Contributions) (Amount) Automotive (20) 14 Automotive 34 Aerospace & Transportation Aerospace & Transportation (54) 18 Project Project 72 (8) (5) Machinery & Medical Machinery & Medical Infrastructur
Slide 16: Major One-time Gain/Loss for the Year Ended March 31, 2021
Major One-time Gain/Loss for the Year Ended March 31,2021 FY2019 Results FY2020 Results ・Impairment loss on Company-owned ships ・Gain on sales of domestic shopping mall ・Impairment loss on domestic ・Gain on sales of Non- ￥(1.5) marine products business ￥3.6 domestic real estate Resource billion bill
Slide 17: Resource and Non-Resource Profit
Resource and Non-Resource Profit FY2018 FY2019 FY2020 Difference Results Results Results (Billions of yen) ①Profit for the year (attributable to 70.4 60.8 27.0 (33.8) Owners of the Company) (②Total one-time income movements) 1.9 1.5 (0.2) (1.7) ① - ② Profit for the year [(attributable to owners of t
Slide 18: Commodity Prices, Foreign Exchange, and Interest Rate
Commodity Prices, Foreign Exchange, and Interest Rate FY2019 Results FY2020 Results FY2021 Assumption Latest Data (Annual Avg.) (Annual Avg.) (Annual Avg.) (As of Apr. 23, 2021) Crude Oil (Brent) US$60.9/bbl US$45.8/bbl US$50.0/bbl US$66.1/bbl Thermal Coal*1 US$70.7/t US$65.6/t US$80.0/t US$90.9/t C
Slide 19: Supplemental Data: Segment Information
【Supplemental Data】 Ⅱ. Segment Information Copyright © Sojitz Corporation 2021 19
Slide 20: Organizational Reforms (As of April 1, 2021)
Organizational Reforms (As April 1, 2021) From 9 Divisions to 7 Divisions （New Growth fields × Revision of business division structure to facilitate future growth initiatives Infrastructure & Healthcare Division Identification of infrastructure and medicine/healthcare businesses addressing social is
Slide 21: Automotive
Automotive FY2020 Summary Profit for the year (attributable to owners of the Company） (Billions of Yen) (Billions of Yen) Main Factors Behind Difference FY2019 FY2020 whole Difference Results Results Net profit 1Q 2Q 3Q 4Q financial Gross profit 41.2 34.3 (6.9) 【 Profit for the year 】 year Selling,
Slide 22: Aerospace & Transportation Project
Aerospace & Transportation Project FY2020 Summary Profit for the year (attributable to owners of the Company) (Billions of Yen) (Billions of Yen) FY2019 FY2020 Difference Results Results whole Gross profit 15.7 13.6 (2.1) Main Factors Behind Difference Net profit 1Q 2Q 3Q 4Q financial Selling, gener
Slide 23: Machinery & Medical Infrastructure
Machinery & Medical Infrastructure Profit for the year FY2020 Summary (attributable to owners of the Company) (Billions of Yen) (Billions of Yen) Main Factors Behind Difference whole FY2019 FY2020 Net profit 1Q 2Q 3Q 4Q financial Difference Results Results year Gross profit 14.7 13.4 (1.3) 【 Profit
Slide 24: Energy & Social Infrastructure
Energy & Social Infrastructure FY2020 Summary Profit for the year (attributable to owners of the Company) (Billions of Yen) (Billions of Yen) FY2019 FY2020 Difference Main Factors Behind Difference Results Results Whole 【 Profit for the year 】 25.7 17.8 (7.9) Net profit 1Q 2Q 3Q 4Q financial Gross p
Slide 25: Metals & Mineral Resources
Metals & Mineral Resources Profit for the year FY2020 Summary (attributable to owners of the Company) (Billions of Yen) (Billions of Yen) FY2019 FY2020 Whole Results Results Difference Main Factors Behind Difference Net profit 1Q 2Q 3Q 4Q financial Gross profit 20.4 12.4 (8.0) 【 Profit for the year
Slide 26: Metals & Mineral Resources Year on Year Main Factors Behind Difference
Metals & Mineral Resources Year on Year Main Factors Behind Difference (Billions of Yen) 20.1 (14.0) 71 Steel +0.2 (1.0) Coal Metal One (6.6) Ferroalloys and non- Industrial SDPL* (6.7) ferrous metals minerals (6.5) Aluminum ＋0 Carbon products (0.8) Others (0.5) (1.7) FY2019 Impact of commodity pric
Slide 27: Chemicals
Chemicals FY2020 Summary Profit for the year (attributable to owners of the Company) (Billions of Yen) Main Factors Behind Difference (Billions of Yen) FY2019 FY2020 Results Results Difference 主な要因 Whole Net profit 1Q 2Q 3Q 4Q financial Gross profit 43.2 37.3 (5.9) 【 Profit for the year 】 year Selli
Slide 28: Foods & Agriculture Business
Foods & Agriculture Business FY2020 Summary Profit for the year (attributable to owners of the Company) (Billions of Yen) (Billions of Yen) Whole FY2019 FY2020 Difference Main Factors Behind Difference 主な要因 Net profit 1Q 2Q 3Q 4Q financial Results Results year Gross profit 14.2 18.8 4.6 Selling, gen
Slide 29: Retail & Lifestyle Business
Retail & Lifestyle Business FY2020 Summary Profit for the year (attributable to owners of the Company) (Billions of Yen) FY2019 FY2020 (Billions of Yen) Difference 主な要因 Results Results Main Factors Behind Difference Whole Gross profit 35.5 31.8 (3.7) Net profit 1Q 2Q 3Q 4Q financial year Selling, ge
Slide 30: Industrial Infrastructure & Urban Development
Industrial Infrastructure & Urban Development FY2020 Summary Profit for the year (attributable to owners of the Company) (Billions of Yen) (Billions of Yen) 主な要因 Main Factors Behind Difference FY2019 FY2020 Difference Whole Results Results Net profit 1Q 2Q 3Q 4Q financial Gross profit 6.0 6.0 0.0 【P
Slide 31: Summary of Profit or Loss (Results)
Summary of Profit or Loss (Results) FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 (Billions of Yen) Net sales 3,844.4 4,014.6 4,321.7 3,934.5 4,046.6 4,105.3 4,006.6 3,745.5 4,209.1 － － － (JGAAP) Revenue － － 2,006.6 1,747.8 1,803.1 1,809.7 1,658.1 1,555.3 1,816.
Slide 32: Summary of Balance Sheets (Results)
Summary of Balance Sheets (Results) End of End of End of End of End of End of End of End of End of End of End of End of Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. (Billions of Yen) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Total assets 2,160.9 2,117.0 2,190.7 2,150
Slide 33: Summary of Cash Flow (Results)
Summary of Cash Flow (Results) End of End of End of End of End of End of End of End of End of End of End of End of Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. Mar. (Billions of Yen) 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Core cash flow ー ー ー ー ー ー 18.3 5.5 (56.7) 63.1
Slide 34: Summary of Profit or Loss
Summary of Profit or Loss (Billions of Yen) Profit for the Year* ROA 80.0 3.0% 3.0% 70.4 2.7% 70.0 2.5% 60.8 60.0 56.8 2.0% 50.0 1.9% 1.7% 40.8 40.0 1.5% 36.5 33.1 1.2% 30.0 27.0 1.0% 20.0 10.0 0.0 0.0% FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Results Results Results Results Results Results
Slide 35: Summary of Balance Sheets
Summary of Balance Sheets (Billions of Yen) (Times) Net Interest-Bearing Debt Total Equity Net DER 700.0 619.0 1.5 629.6 618.2 611.1 603.5 613.2 610.6 571.6 586.4 584.7 579.1 600.0 550.9 550.5 520.3 500.0 1.1 1.1 1.1 1.0 1.1 1.0 1.0 400.0 1.0 300.0 0.5 200.0 100.0 0.0 0.0 End of End of End of End of
Slide 36: Summary of Cash Flow
Summary of Cash Flow (Billions of Yen) Cash flows from operating activities Cash flows from investing activities Free cash flow Core cash flow 150.0 135.7 107.2 99.9 98.8 96.5 100.0 88.7 85 67.9 55.1 66.0 63.1 47 54.3 50.0 48.0 39.1 40.5 49.3 46.4 43.4 28.4 22.5 25.3 18.3 0.9 12.4 5.5 4.8 0.0 1.3 (8
Slide 37: Caution regarding Forward-looking Statements
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 incl