Sojitz Corp ( (SZHFF) ) has released its Q3 earnings. Here is a breakdown of the information Sojitz Corp presented to its investors.
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Sojitz Corporation is a diversified Japanese global trading company that operates in various sectors, including automotive, aerospace, infrastructure, and consumer services, with a focus on strategic acquisitions and partnerships.
In its latest earnings report for the third quarter ended December 31, 2024, Sojitz Corporation revealed a 5.2% increase in revenue, amounting to ¥1,881,342 million, driven by strategic acquisitions in the automotive and retail sectors. However, there was a slight decline of 1.4% in profit before tax, totaling ¥98,279 million.
Key financial metrics highlight a mixed performance. While revenue and gross profit increased, total comprehensive income saw a significant decline of 34%, attributed to adverse changes in financial assets and foreign currency translation. Segment-wise, the chemicals and aerospace sectors showed improved profits, whereas the automotive and metals sectors faced challenges. The company also reported an increase in total assets to ¥3,076,812 million and an equity ratio of 31.2%.
Looking ahead, Sojitz Corporation maintains a stable outlook with a forecasted profit attributable to owners of the company at ¥110,000 million for the fiscal year ending March 31, 2025. The company emphasizes its commitment to financial stability and strategic growth through targeted investments and acquisitions, alongside maintaining a stable dividend policy.
