Sojitz Corp Unsp/Adr (SZHFY) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.077 -- 00:00:05.824 Good afternoon, this is Makoto Shibuya. In this briefing, I will be referring to the 00:00:05.824 -- 00:00:10.250 slide deck titled presentation materials for financial results for the first quarter 00:00:10.250 -- 00:00:12.433 ended June 30th, 2025, 00:00:12.433 -- 00:00:17.621 which is available on our website. Slide four summarizes Q1 results. 00:00:17.621 -- 00:00:22.728 Consolidated profit for the period was 21.1 billion yen, down 1.9 billion 00:00:22.728 -- 00:00:28.056 yen from the same period last year. This is 18% against the full-year forecast 00:00:28.056 -- 00:00:32.663 of 115 billion yen announced at the beginning of the financial year. 00:00:32.663 -- 00:00:37.510 We expect the split between the first half and second half to be 40 to 60, and therefore 00:00:37.510 -- 00:00:42.738 Q1 results represent a solid start. Core operating cash flow was also 00:00:42.738 -- 00:00:46.264 solid at 22% against the full-year forecast. 00:00:46.264 -- 00:00:51.280 We will continue our pursuit of profit growth accompanied by cash. 00:00:51.280 -- 00:00:54.724 Before we discuss the breakdown by segment, 00:00:54.724 -- 00:00:58.708 let me first provide an overview of Q1 results. 00:00:58.708 -- 00:01:03.873 While some segments such as energy solutions and healthcare and chemicals performed solidly, 00:01:03.873 -- 00:01:08.979 there were negative factors including absence of one-time gains recorded in the 00:01:08.979 -- 00:01:14.224 previous year, decline in cooking coal prices, and delayed recovery 00:01:14.224 -- 00:01:16.327 in automotive. 00:01:16.327 -- 00:01:19.985 With regard to the business environment, uncertainty remains. 00:01:19.985 -- 00:01:24.392 but the impact of US tariffs has been limited so far. 00:01:24.392 -- 00:0...