Last
JPY
JPY
(%)
Latest Financial Results and
Full Year Forecast
Stock Information
Securities Code : 2768
（Real Time）
Dividends Per Share
JPY
Dividends Yield
%
MarketCap
BN JPY
Consolidated Financial Results for the Year Ended March 31, 2024
more Financial Results Materials
(BN JPY)
| FY2022 | FY2023 | Difference | ||
|---|---|---|---|---|
| Revenue | 2,479.8 | 2,414.6 | (65.2) |  |
| Gross profit | 337.6 | 326.0 | (11.6) | |
| Profit for the Year attributable to owners of the Company | 111.2 | 100.8 | (10.4) | |
Changes of Yearly Financial Results (Cumulative)
Segment Performance (Profit for the year attributable to owners of the Company, cumulative)
- Note : Effective April 1, 2023, Sojitz Group reorganized several segments and changed its reporting figures for FY2022
(BN JPY)
| FY2022 | FY2023 | Difference | |
|---|---|---|---|
| Automotive | 6.0 | 2.3 | (3.7) |
| Aerospace & Transportation Project | 7.0 | 4.3 | (2.7) |
| Infrastructure & Healthcare | 7.6 | 15.9 | 8.3 |
| Metals, Mineral Resources & Recycling | 62.7 | 43.5 | (19.2) |
| Chemicals | 18.6 | 14.8 | (3.8) |
| Consumer Industry & Agriculture Business | 6.3 | 7.5 | +1.2 |
| Retail & Consumer Service | 6.8 | 13.1 | +6.3 |
| Others | (3.8) | (0.6) | +3.2 |
Main factors behind the difference
- ■Automotive ¥2.3 billion (Down (3.7) bn YoY)
- Lower profit due to sluggish performance in the automotive sales business in the Philippines and withdrawal from Thai distributorship business
- ■Aerospace & Transportation Project ¥4.3 billion (Down (2.7) bn YoY)
- Decreased due to lower aircraft-related transactions etc.
- ■Infrastructure & Healthcare ¥15.9 billion (Up +8.3 bn YoY)
- Increased due to absence of impairment losses recorded in previous equivalent period following revaluation of offshore wind power generation assets in Taiwan
- ■Metals, Mineral Resources & Recycling ¥43.5 billion (Down (19.2) bn YoY)
- Decreased due to the decline in the market conditions and increased costs in coal business
- ■Chemicals ¥14.8 billion (Down (3.8) bn YoY)
- Decreased due to slowdown in demand of chemical products including plastic resins and one-time losses recorded in H1
- ■Consumer Industry & Agriculture Business ¥7.5 billion (Up +1.2 bn YoY)
- Higher profit following improvements in profit margins and increases in sales volumes in Thai fertilizer businesses
- ■Retail & Consumer Service ¥13.1 billion (Up +6.3 bn YoY)
- Increased due to recovery in domestic retail business and sales of a shopping mall in addition to negative goodwill recorded in association with a new investment
- ■Others (0.6) billion (Up +3.2 bn YoY)
- FY22：Impairment losses on system-related assets recorded etc.
FY23：Recorded deferred tax liabilities related equity in affiliates etc.
Commodity Prices and Exchange Rates
| FY22 Results (Annual avg.) |
FY23 Results (Annual avg.) |
FY24 Assumption (Annual avg.) |
MTP2026 Period Assumption (3-Year Avg.) |
Latest Data (As of Apr. 24, 2024) |
|
|---|---|---|---|---|---|
| Coking coal *1 |
US$328/t | US$287/t | US$230/t | US$230/t | US$240/t |
| Thermal coal *1 |
US$356/t | US$142/t | US$125/t | US$125/t | US$135/t |
| Crude oil (Brent) | US$95.1/bbl | US$82.1/bbl | US$85.0/bbl | US$75.0/bbl | US$88.0/bbl |
| Exchange rate *2 |
¥136.0/US$ | ¥145.3/US$ | ¥140.0/US$ | ¥135.0/US$ | ¥154.9/US$ |
| Interest Rate（TIBOR) | 0.07% | 0.08% | 0.40% | 0.60% | 0.26% |
- Coal prices are based on standard market prices and therefore differ from the Company’s selling prices.
- Impact of fluctuations in the exchange rate on earnings: ¥1/US$ change alters gross profit by approx. ¥0.7 billion annually, profit for the year (attributable to owners of the Company) by approx. ¥0.2 billion annually, and total equity by approx. ¥2.0 billion annually.
Full Year Forecast of Fiscal Year Ending March 31, 2025
(BN JPY)
| FY2023 | FY2024 Forecast |
Difference |
|
|---|---|---|---|
| Gross profit | 326.0 | 360.0 | +34.0 |
Profit for the Year (attributable to owners of the Company) |
100.8 | 110.0 | +9.2 |
FY2024 Forecast by Segment
- Based on organizational chenges, figures for Aerospace, Transportation & Infrastructure, Energy Solution & Healthcare and Other segments have been arrived at through a simple conversion of figures for the previous organizational structure to reflect the new organizational structure.
Accordingly, it is possible that these figures may differ from those disclosed later.
Caution regarding Forward-looking Statements
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. Actual results may differ materially based on various factors including the timing at which the changes in economic conditions in key markets, both in and outside of Japan, and exchange rate movements. The Company will provide timely disclosure of any material changes, events, or other relevant issues.
Recommended Content
This Website was created for the purpose of providing information relating to Sojitz corporation. It was not created to solicit investors to buy or sell Sojitz Corporation's stock. The final decision and responsibility for investments rests solely with the user of this Website and its content.
This website contains forward-looking statements about future performance, events or management plans of the Company based on the available information, certain assumptions and expectation at the point of disclosure, of which many are beyond the Company’s control. These are subject to a number of risks, uncertainties and factors, including but not limited to, economic and financial conditions, factors that may affect the level of demand and financial performance of the major industries and customers we serve, interest rate and currency fluctuations, availability and cost of funding, fluctuations in commodity and materials prices, political turmoil in certain countries and regions, litigations claims, change in laws, regulations and tax rules, and other factors. Actual results, performances and achievements may differ materially from those described explicitly or implicitly in the relevant forward-looking statements. The Company has no responsibility for any possible damages arising from the use of information on this website.
Although the information on this website is prepared with the greatest care, the Company does not guarantee the accuracy, continuity or quality of any information provided on this website or that it is up-to-date, nor does it accept responsibility for any damage or loss arising from the falsification of data by third parties, data downloads, etc., irrespective of the reasons therefore.
Please also be aware that information on this Website may be changed, modified, added or removed at any time without prior notice.