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Sojitz (2768) investor relations material
Sojitz Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated profit for the first half was JPY 45.3 billion, representing 39% of the unchanged full-year forecast of JPY 115 billion, with strong gains in Energy Solutions & Healthcare and Aerospace, but weakness in Metals and Automotive.
Revenue for the first half rose 0.4% year-over-year to JPY 1,240.3 billion, driven by growth in Energy Solutions & Healthcare, offsetting declines in Metals, Mineral Resources & Recycling.
Gross profit increased to JPY 171.6 billion, up JPY 6 billion year-on-year, but profit before tax fell 8.9% due to higher SG&A expenses.
Management is actively addressing underperforming businesses with structural reforms and swift decision-making.
Strategic focus on expanding new investments, enhancing existing businesses, and portfolio transformation toward sustainable growth.
Financial highlights
Basic earnings per share increased to JPY 216.45 from JPY 203.93 year-over-year.
Total assets as of September 30, 2025, were JPY 3,249.4 billion, up JPY 162.1 billion from March 31, 2025.
Net interest-bearing debt rose to JPY 968.2 billion, with a net DER of 0.99.
Free cash flow was a net outflow of JPY 44.3 billion, reflecting active investment activity.
Cash and cash equivalents at period end were JPY 186.6 billion.
Outlook and guidance
Full-year consolidated profit forecast remains at JPY 115 billion, with segment forecasts revised based on current performance.
Core operating cash flow forecast for the year is JPY 140 billion, with a cumulative MTP target of JPY 450 billion unchanged.
Annual dividend for the year ending March 2026 is set at JPY 165 per share, a 10% increase, with ongoing stock repurchases.
Over JPY 100 billion in new investments planned for the second half, and over JPY 300 billion for the next fiscal year.
The revised forecast assumes a yen/dollar rate of JPY 145/US$.
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