Sojitz Q1 profit falls 8.5% despite maintaining outlook

Sojitz Corporation's net profit fell 8.5% year-on-year to JPY21.1 billion in the first quarter ended June 30, while revenue dropped 4.0% to JPY598.9 billion due to lower coal prices and reduced overseas automotive sales.

The company maintained its full-year profit forecast of JPY115.0 billion. Sojitz invested JPY55.0 billion in Q1, primarily in infrastructure, energy solutions, and automotive businesses in Panama.

The company targets a dividend of JPY165 per share for fiscal 2026 and continues its treasury stock repurchase program.