Slide 1: Financial Results for the First Quarter Ended June 30, 2023 [IFRS]
August 17, 2023 Correction A double underlined item is corrected (Page 24) Financial Results for the First Quarter Ended June 30, 2023 [IFRS] August 1, 2023 Sojitz Corporation
Slide 2: 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
Slide 3: Index
Index 1. Financial Results for the First Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2024 [IFRS] 2. Segment Information 3. Summary of Financial Results
Slide 4: Financial Results for the First Quarter and Full Year Forecast of FY Ending March 2024
INDEX｜1 Financial Results for the First Quarter and Full Year Forecast of Fiscal Year Ending March 31, 2024 [IFRS]
Slide 5: FY23 Q1 Summary
INDEX ｜1 FY23 Q1 Summary ⚫ Profit down due to deterioration in coal market conditions, decreases in commodity prices, and rebounds from one-time contributions recorded in previous year. Around 25% achieved against forecast ⚫ Generation of profits accompanied by cash with solid core operating cash fl
Slide 6: Summary of Profit or Loss
INDEX ｜1 Summary of Profit or Loss FY23 FY22 Q1 FY23 Q1 Difference Main Factors Achieved Forecast (BN JPY） Metals, Mineral Resources & Recycling （36.8） Revenue 618.5 556.0 (62.5) Consumer Industry & Agriculture Business（24.2） - - Metals, Mineral Resources & Recycling （21.5） Gross profit 96.9 72.7 (2
Slide 7: Summary of Balance Sheet
INDEX ｜1 Summary of Balance Sheet Mar. 31, Jun. 30, Mar. 31, Jun. 30, FY23 Difference Main Factors Difference （BN JPY） 2023 2023 （BN JPY） 2023 2023 Forecast Assets(current/non-current) 2,660.8 2,763.1 +102.3 Trade and other receivables Total Assets 2,660.8 2,763.1 +102.3 2,750.0 ⚫ Decreased due to a
Slide 8: Summary of Cash Flow
INDEX ｜1 Summary of Cash Flow FY22 Q1 FY23 Q1 Difference Main Factors （BN JPY） CF from operating activities 38.1 (13.8) (51.9) CF from operating activities ⚫ Increased in working capital ⚫ Dividend received from Equity-method associates CF from investing activities (21.4) 24.0 +45.4 FY22 Q1 :¥14.3bn
Slide 9: Summary of Gross Profit by segment
INDEX ｜1 Summary of Gross Profit by segment FY23 (BN JPY) 96.9 FY22 Q1 FY23 Q1 Difference Achieved Forecast （BN JPY） 13.7 Automotive 13.7 15.2 +1.5 60.0 25% 4.0 5.1 72.7 Aerospace & Transportaion Project 4.0 3.7 (0.3) 20.0 19% 15.2 Infrastructure & Healthcare 5.1 6.5 +1.4 30.0 22% 34.1 3.7 Metals, M
Slide 10: Summary of Profit by segment
INDEX ｜1 Summary of Profit by segment (BN JPY) 45.2 FY22 Q1 FY23 Q1 Difference Main Factors 2.0 1.0 Decreased due to withdrawal from distributorship 6.6 Automotive 2.0 1.6 (0.4) businesses in Thailand Aerospace & Transportaion Decreased due to lower aircraft-related Project 1.0 0.5 (0.5) transaction
Slide 11: FY23 Forecast Profit for the Year by Segment
INDEX ｜1 FY23 Forecast Profit for the Year by Segment FY23 Q1 FY23 Forecast Achieved Progress Overview （BN JPY） Automotive 1.6 7.0 23% Earnings contributions anticipated from new investments Aerospace & Transportaion Project 0.5 4.0 13% Performance generally as forecast Earnings contributions antici
Slide 12: Cash Flow Management
INDEX ｜1 Cash Flow Management ⚫ Maintain positive six-year aggregate core cash flow MTP2020 MTP2023 3-Year Target 3-Year Target FY21 + FY22 FY23 Q1 FY23 Forecast Achieved (Aggregate) (Aggregate) （BN JPY） (FY18 - FY20) (FY21 - FY23) （Percentage Achieved） Core operating CF 219.0 Approx. 380.0 274.0 35
Slide 13: Investments and Asset Replacement
INDEX ｜1 Investments and Asset Replacement Total Investments ¥40.5bn Infrastructure ● Energy conservation business in Australia & Healthcare ¥11.0bn ● Railcar leasing business in the U.S. etc. ● Processing and sale of frozen tuna company ●● Asia retail (Vietnam and India) Growth market × ● Dealershi
Slide 14: Shareholder Returns Policy
Index｜ 1 Shareholder Returns Policy ⚫ Targeting a consolidated payout ratio of approx. 30% and paying stable, continuous dividends while enhancing shareholder value through the accumulation and effective use of retained earnings ⚫ We conducted the acquisition and cancellation of treasury stock with
Slide 15: Stock Price, PBR Trend, and Credit Ratings
Index｜ 1 Stock Price, PBR Trend, and Credit Ratings ⚫ Sojitz stock price greatly outperforming TOPIX ⚫ Improvement in ratings from S&P and JCR in FY2023 in reflection of Sojitz’s ability to maintain financial health and increase earnings level （22/6/30） （23/6/30） Total Equity NET DER 自己資本（億円） ネットDER
Slide 16: Changes in business Portfolio (Resource and Non-Resource businesses)
INDEX ｜1 Changes in business Portfolio（Resource and Non-Resource businesses） ⚫ Reinforcement of reliable earnings foundations through investments focused on non-resource businesses (BN JPY) Non-resource business (New) Non-resource business (Existing) （％） Resource business percentage of total attribu
Slide 17: Commodity Prices, Foreign Exchange, and Interest Rate
INDEX ｜1 Commodity Prices, Foreign Exchange, and Interest Rate FY22 Results FY23 Assumptions FY23 Results Latest data (Apr. - Jun. Avg.) (Annual avg.) (Apr. - Jun. Avg.) （As of July 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
Slide 18: Segment Information
INDEX｜2 Segment Information Note: Effective April 1, 2023, Sojitz Group reorganized several segments and changed its reporting figures for FY2022 Q1.
Slide 19: Automotive
Index｜ 2 Automotive Summary Main Subsidiaries and Associates (Excluding one-time factors) FY22 Q1 FY23 Q1 Difference Main Factors Equity Accounting FY22 Q1 FY23 Q1 Difference Business Description (BN JPY） ownership Period （BN JPY） Gross profit 13.7 15.2 +1.5 Profit for the period Decreased due to wi
Slide 20: Aerospace & Transportation Project
Index｜ 2 Aerospace & Transportation Project Summary Main Subsidiaries and Associates (Excluding one-time factors) Equity Accounting FY22 Q1 FY23 Q1 Difference Main Factors FY22 Q1 FY23 Q1 Difference Business Description ownership Period (BN JPY） （BN JPY） Aircraft sales representative, Gross profit 4
Slide 21: Infrastructure & Healthcare
Index｜ 2 Infrastructure & Healthcare Summary Main Subsidiaries and Associates (Excluding one-time factors) Equity Accounting FY22 Q1 FY23 Q1 Difference Main Factors ownership FY22 Q1 FY23 Q1 Difference Business Description (BN JPY） （BN JPY） Period Energy related・Natural gas- Gross profit 5.1 6.5 +1.
Slide 22: Metals, Mineral Resources & Recycling
Index｜ 2 Metals, Mineral Resources & Recycling Summary Main Subsidiaries and Associates (Excluding one-time factors) Equity Accounting FY22 Q1 FY23 Q1 Difference Main Factors FY22 Q1 FY23 Q1 Difference Business Description ownership Period (BN JPY） （BN JPY） Gross profit 34.1 12.6 (21.5) Profit for t
Slide 23: Chemical
Index｜ 2 Chemical Summary Main Subsidiaries and Associates (Excluding one-time factors) Equity Accounting FY22 Q1 FY23 Q1 Difference Main Factors FY22 Q1 FY23 Q1 Difference Business Description ownership Period (BN JPY） （BN JPY） Gross profit 16.3 14.1 (2.2) Profit for the period Decreased due to dec
Slide 24: Consumer Industry & Agriculture Business
Index｜ 2 Consumer Industry & Agriculture Business Summary Main Subsidiaries and Associates (Excluding one-time factors) Equity Accounting FY22 Q1 FY23 Q1 Difference Main Factors ownership FY22 Q1 FY23 Q1 Difference Business Description (BN JPY） （BN JPY） Period Gross profit 9.5 7.0 (2.5) Profit for t
Slide 25: Retail & Consumer Service
Index｜ 2 Retail & Consumer Service Summary Main Subsidiaries and Associates (Excluding one-time factors) Equity Accounting FY22 Q1 FY23 Q1 Difference Main Factors ownership FY22 Q1 FY23 Q1 Difference Business Description (BN JPY） （BN JPY） Period Gross profit 11.1 10.8 (0.3) Profit for the period Man
Slide 26: Topics: Automotive Division
Topics Automotive Division Automotive Division Sojitz Acquired the Largest Pure-play Operator in the Used Car Market in Australia Sojitz Invested in Multi-Brand EV Distributor in Norway Sojitz has acquired full ownership of Albert Automotive Holdings Pty Ltd (“AAH”) which operates a Sojitz has acqui
Slide 27: Topics: Infrastructure & Healthcare, Retail & Consumer Service
Topics Infrastructure & Healthcare Division Retail & Consumer Service Division Sojitz Enters Energy Conservation Business in Australia Accelerate contribution to the growing distribution industry in India Sojitz has acquired Ellis Air Group Pty Ltd (“Ellis Air”) , an air conditioning and mechanical
Slide 28: Topics: Digital Transformation Strategy
Topics Digital Transformation Strategy Tuna Takashima DX Selected for first time as DX Stocks 2023 On May 31, 2023, the Ministry of Economy, Trade and Industry, Tokyo Stock Exchange, and the Independent Development of Smart Farming System at Sojitz Tuna Farm Takashima (Tuna Farming Business) Adminis
Slide 29: Summary of Financial Results
補足資料｜3 Index｜3 Summary of Financial Results
Slide 30: PL Summary
Index｜3 PL Summary FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 (BN JPY) Net sales 4,046.6 4,105.3 4,006.6 3,745.5 4,209.1 ー ー ー ー ー (JGAAP) Revenue 1,803.1 1,809.7 1,658.1 1,555.3 1,816.5 1,856.2 1,754.8 1,602.5 2,100.8 2,479.8 Gross profit 198.2 197.7 180.7 200.7 232.4 241.0 220.5 188.1 271.3
Slide 31: PL Summary
Index｜3 PL Summary (BN JPY) （％） Profit for the year ROA 4.2 111.2 3.3 3.0 2.7 82.3 2.5 70.4 1.9 60.8 1.7 56.8 40.8 1.2 36.5 27.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Medium-term Management Medium-term Management Plan2017 Medium-term Management Plan2020 Challenge for Growth Commitment to Growth Pl
Slide 32: Balance Sheets Summary
Index｜3 Balance Sheets Summary End of End of End of End of End of End of End of End of End of End of Mar. 2014 Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 (BN JPY) Current assets 1,321.8 1,323.5 1,146.4 1,229.8 1,376.3 1,267.7 1,217.5 1,195.4 1,394.2 1,4
Slide 33: Balance Sheets Summary
Index｜3 Balance Sheets Summary Net Interest-Bearing Debt Total Equity Net DER (BN JPY) （Times） 1.10 1.03 1.11 0.95 1.06 1.06 0.99 0.75 837.7 770.2 728.0 619.0 611.1 603.5 618.2 613.2 610.6 629.4 571.6 586.4 584.7 579.1 550.5 520.3 End of End of End of End of End of End of End of End of Mar. 2016 Mar
Slide 34: Financial Summary
Index｜3 Financial Summary End of End of End of End of End of End of End of End of End of End of Mar. 2014 Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 (BN JPY) Total assets 2,220.2 2,297.4 2,056.7 2,138.5 2,350.4 2,297.1 2,230.3 2,300.1 2,661.7 2,660.8 To
Slide 35: Cash Flow Summary
Index｜3 Cash Flow Summary End of End of End of End of End of End of End of End of End of End of Mar. 2014 Mar. 2015 Mar. 2016 Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022 Mar. 2023 (BN JPY) Core CF ー ー 18.3 5.5 (56.7) 63.1 1.3 (8.0) 10.5 135.6 Free CF 22.5 25.3 66.0 (31.3) 12.4 54.3 4
Slide 36: Cash Flow Summary
Index｜3 Cash Flow Summary (BN JPY) CF from operating activities CF from investing activities FCF Core CF 200.8 171.6 135.6 99.9 98.8 96.5 85 66.0 63.1 65.1 54.3 49.3 40.5 18.3 29.2 5.5 12.4 10.5 0.9 1.3 4.8 (8.0) (31.3) (56.7) (33.9) (35.7) (35.7) (42.2) (32.2) (73.7) (86.4) (138.8) FY15 FY16 FY17 F
Slide 37: Transfer of Previous Disclosure to Summary of Consolidated Financial Results
Appendix｜3 Transfer of Previous Disclosure to Summary of Consolidated Financial Results and Presentation Material Previous Disclosure Current Disclosure Ⅰ Results Highlights ・・・・・・・・Ⅰ Highlights of Consolidated Appendix）Overview of the Three-Month Period ・・・・・・・・Ⅰ Summary of Consolidated Financial R
Slide 38: New way, New value
New way, New value