Sojitz Corp Unsp/Adr (SZHFY) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.622 -- 00:00:06.236 I am Uemura. Thank you very much for attending today despite your busy schedule. 00:00:06.236 -- 00:00:12.265 Firstly, I'll explain the progress of medium-term management plan 2026. 00:00:12.331 -- 00:00:18.037 After that, CFO Shibuya will give you details of the financial results. 00:00:18.037 -- 00:00:23.085 This slide is from the MTP material. MTP 2026 is 00:00:23.085 -- 00:00:28.374 positioned as MTP to establish and reinforce business foundation in 00:00:28.374 -- 00:00:33.463 anticipation of next stage. For that purpose, I think it is important to 00:00:33.463 -- 00:00:38.912 invest in base of growth and human capital activity, continue to create the Sojitsu 00:00:38.912 -- 00:00:43.877 growth story, and show the results to the market. 00:00:48.749 -- 00:00:52.431 In the first year of the MTP2026-FI2024, 00:00:53.454 -- 00:00:58.480 profit for the year was 110.6 billion yen, surpassing three-year 00:00:58.480 -- 00:01:02.642 forecast of 110 billion yen. 00:01:03.525 -- 00:01:09.071 Despite negative factors such as market conditions, we expanded businesses and captured 00:01:09.071 -- 00:01:14.637 profit mainly in energy solutions and healthcare division, chemicals, trays, defense-related 00:01:14.637 -- 00:01:18.639 business fertilizer and domestic retail. 00:01:18.736 -- 00:01:21.677 ROE was 11.7%. 00:01:21.700 -- 00:01:26.086 We made a steady progress toward achievement of the MTP. 00:01:26.086 -- 00:01:30.389 Cooperating cash flow was also firm. 00:01:30.972 -- 00:01:35.998 Also in FY 2025, aiming at further profit growth, we target around 00:01:35.998 -- 00:01:40.927 120 billion yen level in real terms. 00:01:40.927 -- 00:01:46.075 However, by incorporating uncertain external environments such as impacts 00:01:46.075 -- 0...