Slide 1: Presentation Materials for Financial Results
Presentation Materials for Financial Results for the Third Quarter Ended December 31, 2025 February 3, 2026 Sojitz Corporation Copyright Copyright ©©Sojitz Sojitz Corporation Corporation 2023 2026
Slide 2: Index
Index INDEX｜1 Financial Results for the Third Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2026 INDEX｜2 Segment Information INDEX｜3 Supplemental Information Copyright © Sojitz Corporation 2026 2
Slide 3: Financial Results for the Third Quarter and Full Year Forecast
INDEX｜1 Financial Results for the Third Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2026
Slide 4: FY25 Q1-3 Summary
INDEX ｜1 FY25 Q1-3 Summary ⚫ Profit for the period of JPY80.4bn in FY2025 Q3, representing profit progress of 70% toward full-year forecast, in line with expectations ⚫ With market cap exceeding JPY1.0 trillion, progress continues toward the JPY 2.0 trillion target in the Next Stage FY24 Q1-3 FY25 Q
Slide 5: Summary of Profit or Loss
INDEX ｜1 Summary of Profit or Loss FY25 Achieved FY24 Q1-3 FY25 Q1-3 H1 Q3 Difference Main Factors Forecast (Oct. 30, 2025) vs. Forecast (BN JPY） Energy Solutions & Healthcare +122.0, Aerospace, Transportation & Revenue 1,881.3 1,985.8 1,240.3 745.5 +104.5 Infrastructure +10.9, Metals, Mineral Resou
Slide 6: Summary of Balance Sheet
INDEX ｜1 Summary of Balance Sheet Mar. 31, Dec. 31, Difference Main Factors （BN JPY） 2025 2025 Assets(current/non-current) 3,087.3 3,431.5 +344.2 Trade and other receivables (current) ⚫ Increased due to acquisition of new consolidated subsidiaries and Cash and cash equivalents 192.3 206.3 +14.0 grow
Slide 7: Financial Summary
INDEX ｜1 Financial Summary FY25 Mar. 31, Dec. 31, FY25 Difference Revised Forecast 2025 2025 Initial Forecast （BN JPY） (Feb. 3, 2026) Total assets 3,087.3 3,431.5 +344.2 3,300.0 3,500.0 Total equity*1 969.0 1,057.0 +88.0 1,020.0 1,070.0 Shareholder equity*2 778.8 810.0 +31.2 - - Equity Ratio*1 31.4%
Slide 8: Summary of Cash Flow
INDEX ｜1 Summary of Cash Flow FY24 Q1-3 FY25 Q1-3 Difference Main Factors （BN JPY） CF from operating activities CF from operating activities 12.2 75.0 +62.8 ⚫ Inflows from operating activities and dividend -Dividend received from equity-method associates- FY24 Q1-Q3 ：JPY22.4bn FY25 Q1-Q3 ：JPY24.4bn
Slide 9: Summary of Gross Profit by Segment
INDEX ｜1 Summary of Gross Profit by Segment FY25 (BN JPY) FY24 Q1-3 FY25 Q1-3 Difference Forecast vs. Forecast 270.6 260.6 (Oct. 30, 2025) （BN JPY） 49.5 Automotive 49.1 49.5 +0.4 65.0 76% 49.1 Aerospace, Transportation & 20.8 20.0 (0.8) 30.0 67% 20.0 Infrastructure 20.8 45.9 Energy Solutions & Healt
Slide 10: Summary of Profit by Segment
INDEX ｜1 Summary of Profit by Segment (BN JPY) 80.4 76.1 1.4 FY24 Q1-3 FY25 Q1-3 Difference Main Factors 1.2 （BN JPY） 12.4 9.1 Despite weak performance in the domestic dealer businesses and a delayed Automotive 1.2 1.4 +0.2 recovery in the Australian used car business, profit increased slightly supp
Slide 11: FY25 Forecast Profit for the Year by Segment
INDEX ｜1 FY25 Forecast Profit for the Year by Segment FY25 FY25 Q1-3 Forecast vs. Forecast Outlook （BN JPY） (Oct. 30, 2025) Earnings contributions are expected mainly from the automobile sales Automotive 1.4 3.0 47% businesses in Latin America Aerospace, Transportation & 12.4 17.0 73% Performance ge
Slide 12: Cash Flow Management
INDEX ｜1 Cash Flow Management ⚫ Approximately 70% of core operating cash flow will be allocated to growth investments aimed at strengthening our growth platform, including investments in human capital, while approximately 30% will be allocated to shareholder returns ⚫ New investments are progressing
Slide 13: Investments and Asset Replacement
INDEX ｜1 Investments and Asset Replacement Total Investments JPY112.0bn FY25 Investment Plan Approx. JPY200.0bn ● Public infrastructure developer in Australia ● Primary healthcare business in Singapore Essential infrastructure JPY66.0bn ● Electricity retail business in Australia ● Business jet servi
Slide 14: 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 of
Slide 15: The Sojitz Growth Story - Expansion of New Investments
INDEX ｜1 The Sojitz Growth Story - Expansion of New Investments ⚫ Steady progress is being made toward the execution of the JPY600.0bn investment plan under MTP2026, aiming for doubled corporate value in the Next Stage ⚫ Project formation is advancing mainly in the essential infrastructure domain, a
Slide 16: The Sojitz Growth Story - Enhancement of Existing Businesses
INDEX ｜1 The Sojitz Growth Story - Enhancement of Existing Businesses ⚫ Strengthening of trading businesses and expansion of manufacturing capabilities in the chemical business Earnings growth in the food value chain through enhancement of each business and connection of functions ⚫ Continuous value
Slide 17: Infrastructure Businesses in Australia
INDEX ｜1 Sojitz’s Growth Story – (1) Infrastructure Businesses in Australia Creating new infrastructure combinations with existing regional infrastructure businesses, starting from one of Australia’s leading railway businesses Capturing growing infrastructure demand as a large, revenue-generating cl
Slide 18: Co-creation with Royal Holdings Co., Ltd.
INDEX ｜1 Sojitz’s Growth Story – (2) Co-creation with Royal Holdings Co. , Ltd. Steady increase of corporate value for both Royal HD and Sojitz through the combination of Royal HD’s established business foundation and Sojitz’s capabilities Further co-creation in the business creation domains will ge
Slide 19: 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 ⚫ Announced stock repurchase totaling JPY10.0bn (2.8 million shares) in May 2025; completed repurchase in July 2025 ⚫ Cancelled 15 million shares of
Slide 20: Commodity Prices, Foreign Exchange, and Interest Rate
INDEX ｜1 Commodity Prices, Foreign Exchange, and Interest Rate FY24 Results FY25 Assumptions FY25 Results Latest Data (Apr. - Dec. Avg.) (Annual Avg.) (Apr. - Dec. Avg.) （As of Jan. 28, 2026） Coking coal *1 US$218/t US$180/t US$189/t US$252/t *1 Thermal coal US$138/t US$100/t US$105/t US$110/t Crude
Slide 21: Segment Information
INDEX｜2 Segment Information * Effective April 1, 2025, Sojitz Group reorganized several segments and changed its reporting figures for FY2024.
Slide 22: Automotive
INDEX ｜2 Automotive Summary The Sojitz Growth Story (Profit for the period) FY24 FY25 Main Factors of Difference Difference FY24 FY25 Forecast Next Stage (BN JPY） Q1-3 Q1-3 in Profit for the Period ⚫ Despite weak performance in the Profit JPY1.6bn JPY3.0bn ・・・ JPY15.0bn domestic dealer businesses an
Slide 23: Automotive
INDEX ｜2 Automotive Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Principal countries of operation (BN JPY) in Q1-3) Automotive Sales Business by Region Japan, the Philippines, Pakistan, Ja
Slide 24: Aerospace, Transportation & Infrastructure
INDEX ｜2 Aerospace, Transportation & Infrastructure Summary The Sojitz Growth Story (Profit for the period) FY24 FY25 Difference Main Factors of Difference Q1-3 Q1-3 FY24 FY25 Forecast Next Stage (BN JPY） in Profit for the Period Profit JPY12.3bn JPY17.0bn ・・・ JPY25.0bn ⚫ Steady performance in defen
Slide 25: Aerospace, Transportation & Infrastructure
INDEX ｜2 Aerospace, Transportation & Infrastructure Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Major businesses ownership Period （BN JPY） in Q1-3) Transportation vessel
Slide 26: Energy Solutions & Healthcare
INDEX ｜2 Energy Solutions & Healthcare Summary The Sojitz Growth Story (Profit for the period) FY24 FY25 Main Factors of Difference Difference FY24 FY25 Forecast Next Stage (BN JPY） Q1-3 Q1-3 in Profit for the Period ⚫ New consolidation and transaction Profit JPY22.4bn JPY30.0bn ・・・ JPY50.0bn Gross
Slide 27: Energy Solutions & Healthcare
INDEX ｜2 Energy Solutions & Healthcare Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Major businesses ownership Period （BN JPY） in Q1-3) Energy-related and thermal power g
Slide 28: Metals, Mineral Resources & Recycling
INDEX ｜2 Metals, Mineral Resources & Recycling Summary The Sojitz Growth Story (Profit for the period) FY24 FY25 Main Factors of Difference Difference FY24 FY25 Forecast Next Stage (BN JPY） Q1-3 Q1-3 in Profit for the Period ⚫ Decline of coal market prices Profit JPY29.2bn JPY15.0bn ・・・ JPY35.0bn Gr
Slide 29: Metals, Mineral Resources & Recycling
INDEX ｜2 Metals, Mineral Resources & Recycling Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Major businesses ownership Period （BN JPY） in Q1-3) Investment in coal mines i
Slide 30: Chemicals
INDEX ｜2 Chemicals Summary The Sojitz Growth Story (Profit for the period) FY24 FY25 Main Factors of Difference Difference FY24 FY25 Forecast Next Stage (BN JPY） Q1-3 Q1-3 in Profit for the Period ⚫ Despite the impact of sluggish Profit JPY20.0bn JPY20.0bn ・・・ JPY30.0bn Gross profit 48.7 55.5 +6.8 m
Slide 31: Chemicals
INDEX｜2 Chemicals Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Major businesses ownership Period （BN JPY） in Q1-3) Manufacture and sale of methanol PT. Kaltim Methanol In
Slide 32: Consumer Industry & Agriculture Business
INDEX ｜2 Consumer Industry & Agriculture Business Summary The Sojitz Growth Story (Profit for the period) FY24 FY25 Difference Main Factors of Difference FY24 FY25 Forecast Next Stage (BN JPY） Q1-3 Q1-3 in Profit for the Period ⚫ Decrease in sales volume in the Profit JPY6.4bn JPY8.0bn ・・・ JPY20.0bn
Slide 33: Consumer Industry & Agriculture Business
INDEX ｜2 Consumer Industry & Agriculture Business Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Major businesses ownership in Q1-3) Period （BN JPY） Fertilizer businesses -
Slide 34: Retail & Consumer Service
INDEX ｜2 Retail & Consumer Service Summary The Sojitz Growth Story (Profit for the period) Main Factors of Difference FY24 FY25 Forecast Next Stage FY24 FY25 Difference in Profit for the Period Q1-3 Q1-3 (BN JPY） ⚫ Although the marine products Profit JPY11.4bn JPY13.0bn ・・・ JPY30.0bn businesses and
Slide 35: Retail & Consumer Service
INDEX ｜2 Retail & Consumer Service Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 Difference Equity Accounting Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total (Cumulative differences Major businesses ownership in Q1-3) Period （BN JPY） Wholesale of food products and consume
Slide 36: Supplemental Information
補足資料｜3 INDEX｜3 Supplemental Information
Slide 37: Shareholder Returns Policy
INDEX｜3 Shareholder Returns Policy Shareholder Returns Policy ※Referred to in 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 stock repurchase in case of surp
Slide 38: Core Operating Cash Flow (Resource and Non-resource Businesses)
INDEX｜3 Core Operating Cash Flow (Resource and Non-resource Businesses) ⚫ Steady improvement in both quality and quantity of track record for generating cash flows ⚫ Increased proportion of earnings from non-resource businesses as stable sources of profit, driven by portfolio rebalancing through new
Slide 39: Changes in Business Portfolio (Resource and Non-Resource Businesses)
INDEX｜3 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 attributa
Slide 40: PL Summary
INDEX｜3 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 41: PL Summary
INDEX｜3 PL Summary 111.2 110.6 Profit for the year (JPY BN) ROA (%) ROE (%) 100.8 12.2 14.2 11.7 11.4 11.7 82.3 10.0 10.2 70.4 60.8 7.6 56.8 6.8 40.8 36.5 4.5 4.2 3.6 3.7 3.0 27.0 3.3 2.5 2.7 1.7 1.9 1.2 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Copyright © Sojitz Corporation 2026 41
Slide 42: Balance Sheets Summary
INDEX｜3 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 43: Balance Sheets Summary
INDEX｜3 Balance Sheets Summary Net Interest-Bearing Debt Total Equity Net DER 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, 2018 Mar. 31, 2
Slide 44: Financial Summary
INDEX｜3 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 45: Cash Flow Summary
INDEX｜3 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 46: Cash Flow Summary
INDEX｜3 Cash Flow Summary CF from operating activities CF from investing activities FCF (BN JPY) 200.8 29.2 171.6 124.6 12.4 112.2 99.9 98.8 96.5 85.0 66.0 65.1 54.3 49.3 0.9 40.5 (16.7) (33.9) (31.3) 12.4 4.8 (42.2) (35.7) (32.2) (35.7) (94.1) (86.4) (73.7) (110.8) (138.8) FY15 FY16 FY17 FY18 FY19
Slide 47: Cash Flow Summary
INDEX｜3 Cash Flow Summary Core operatingCF Core CF (BN JPY) 145.2 135.2 128.7 135.6 109.2 82.9 79.1 80.2 60.0 59.4 60.2 63.1 10.5 18.3 5.5 1.3 (8.0) (31.8) (56.7) (62.8) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Copyright © Sojitz Corporation 2026 47
Slide 48: 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