Sojitz Corp.

Sojitz's full-year results for the fiscal year ending March 2026 showed revenue of 2.7573 trillion yen, up 9.9 percent year on year, while net income attributable to owners of the parent came to 103.6 billion yen, down 6.3 percent. The revenue increase was driven by the newly consolidated energy-saving businesses, higher transaction volumes, and growth in defense-related transactions, but selling, general and administrative expenses swelled from 269.9 billion yen to 305.1 billion yen, pushing pretax profit down 14.5 percent to 115.6 billion yen. By segment, gross profit in Energy and Healthcare rose from 40.2 billion yen to 65.9 billion yen, while Metals, Resources and Recycling fell from 35.9 billion yen to 17 billion yen, hit by weaker market conditions in the Australian coking coal business, sluggish production efficiency, and impairment charges. The company's underlying earnings power declined from 122.7 billion yen to 102.4 billion yen, a drop larger than the fall in net income. Cash flow from operating activities came to just 16.7 billion yen, and combined with the negative 16.6 billion yen in the fiscal year ending March 2025, the last two periods have been essentially flat, reflecting a 192.6 billion yen increase in operating receivables from the end of the previous fiscal year to 1.0924 trillion yen. For the fiscal year ending March 2027, the company plans net income of 130 billion yen, a 25.5 percent increase, with first-quarter progress at just over 20 percent.