Chemicals and energy lead the gains
Sojitz Corporation (TSE: 2768) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on October 30, 2026 under IFRS. Revenue jumped 34.8% after the consolidation of an electricity and gas retailer, more energy-solutions trades and higher chemical volumes and prices; gross profit rose 29.5% to ¥222,289 million and equity-method earnings increased. Segment figures below are profit attributable to owners of the parent. Chemicals profit rose 90.1% to ¥20,108 million on higher methanol prices, a contribution from Nippon A&L and solid trading. Energy & Social Infrastructure rose 78.1% to ¥14,065 million on the newly consolidated Australian infrastructure business, US energy-solutions trades and gains on asset sales. Retail & Consumer Service jumped to ¥8,432 million from ¥1,889 million on tobacco trading, a Vietnamese food-service wholesaler and a business sale, and Metals, Mineral Resources & Recycling rose 39.0% to ¥9,534 million on restructuring of its coking-coal business. Aerospace & Transportation Infrastructure fell 36.0% to ¥6,742 million against last year's gain on a freight-car leasing sale, and Automotive fell to ¥32 million on weak Australian used cars and restructuring costs.
Target unchanged, dividend up
Profit attributable to owners of the parent of ¥63,588 million equals ¥304.48 per share against ¥216.45. Sojitz kept its FY3/2027 outlook of gross profit of ¥440 billion, profit before tax of ¥170,000 million and profit attributable to owners of the parent of ¥130,000 million (+25.5%), assuming ¥150 to the dollar. It will pay an interim dividend of ¥90 against ¥82.50 and plans ¥90 at year end, an annual ¥180 against ¥165. Total assets rose to ¥3,796,423 million and the ratio of equity attributable to owners of the parent rose to 30.5% from 29.9%.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Revenue (¥ million) | 1,672,130 | 1,240,346 | +34.8% |
| Gross profit (¥ million) | 222,289 | 171,608 | +29.5% |
| Pre-tax profit (¥ million) | 86,088 | 53,791 | +60.0% |
| Net profit attrib. to owners of parent (¥ million) | 63,588 | 45,275 | +40.4% |
| Comprehensive income (¥ million) | 84,527 | 47,737 | +77.1% |
| EPS (¥) | 304.48 | 216.45 | +40.7% |
| Chemicals — segment profit (¥ million) | 20,108 | 10,578 | +90.1% |
| Energy & Social Infrastructure — segment profit (¥ million) | 14,065 | 7,896 | +78.1% |
| Metals, Mineral Resources & Recycling — segment profit (¥ million) | 9,534 | 6,861 | +39.0% |
| Retail & Consumer Service — segment profit (¥ million) | 8,432 | 1,889 | +346.4% |
| Aerospace & Transportation Infrastructure — segment profit (¥ million) | 6,742 | 10,539 | -36.0% |
| Total assets (¥ million) | 3,796,423 | 3,648,023 | +4.1% |
| Equity attrib. to owners of parent (¥ million) | 1,156,021 | 1,090,369 | +6.0% |
| Equity ratio | 30.5% | 29.9% | +0.6 pt |
| FY3/2027 guidance — pre-tax profit (¥ million) | 170,000 | — | — |
| FY3/2027 guidance — net profit (¥ million) | 130,000 | — | +25.5% |
| Annual dividend per share (¥) | 180.00 | 165.00 | +9.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.