Sojitz Corp Unsp/Adr (SZHFY) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.853 -- 00:00:05.119 Good afternoon. This is Kosuke Uemura, President and CEO. 00:00:05.119 -- 00:00:08.785 Thank you for taking time out of your busy schedule to join us today. 00:00:08.785 -- 00:00:13.774 I will present results of the first half of the fiscal year ending March 2026 00:00:13.774 -- 00:00:20.166 and progress made against the Medium-Term Management Plan 2026 or MTP 2026. 00:00:20.166 -- 00:00:26.734 And then I will give the floor to our CFO Makoto Shibuya for further details on earnings. 00:00:33.460 -- 00:00:38.649 Consolidated profit for the first half was 45.3 billion yen, setting 00:00:38.649 -- 00:00:43.738 9% against the full-year forecast of 115 billion yen. 00:00:43.738 -- 00:00:49.147 This is in line with our expectations of around 40% in the first half. 00:00:49.147 -- 00:00:54.196 The full-year forecast of 115 billion yen remains unchanged from the beginning of the 00:00:54.196 -- 00:00:57.398 fiscal year. Better-than-expected 00:00:57.560 -- 00:01:02.726 progress was recorded for aerospace transportation and infrastructure and energy solutions 00:01:02.726 -- 00:01:06.911 and healthcare, while recovery is taking time for some businesses in metals, mineral 00:01:06.911 -- 00:01:10.075 resources and recycling, and in automotive. 00:01:10.075 -- 00:01:14.558 In light of this, we have revised some of the segment forecasts. 00:01:15.161 -- 00:01:19.443 CFO will later provide more detail by segment. 00:01:22.178 -- 00:01:26.742 Core operating cash flow is generally in line with plan. 00:01:26.742 -- 00:01:30.806 Given the current situation, however, particularly for metals, mineral resources and 00:01:30.806 -- 00:01:35.870 recycling, we have lowered our full-year forecast by 5 billion yen 00:01:35.870 -- 00:01:39.133 to 140 billi...