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Copyright © Sojitz Corporation 2023 Copyright © Sojitz Corporation 2025 Presentation Materials for Financial Results for the First Half Ended September 30, 2025 Progress of Medium-term Management Plan 2026 -Set for Next Stage- October 30, 2025 Sojitz Corporation
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2Copyright © Sojitz Corporation 2025 Index INDEX｜1 Progress of Medium-term Management Plan 2026 -Set for Next Stage- INDEX｜2 Financial Results for the First Half Ended September 30, 2025 and Full Year Forecast of Fiscal Year Ending March 31, 2026 INDEX｜3 Segment Information INDEX｜4 Supplemental Information
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Progress of Medium-term Management Plan 2026 -Set for Next Stage- INDEX ｜1
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4Copyright © Sojitz Corporation 2025 （BN JPY） FY24 H1 FY25 H1 Difference FY25 Forecast Profit for the period/year 44.3 45.3 +1.0 115.0 Core operating cash flow 64.5 65.5 +1.0 140.0 Core cash flow 4.2 (46.4) (50.6) (70.0) ROE (%) 11.6 ROA (%) 3.6 Dividends per share (JPY) 165 *1 *2 *3 FY25 H1 Summary ⚫ Profit for the period of JPY45.3bn in FY2025 H1, representing profit progress of 39% toward full-year forecast, in line with expectations ⚫ Results in line with in full-year forecast, despite revisions to segment forecasts ⚫ Impact of U.S. Tariffs : Expected to remain within the JPY5.0bn buffer set at the beginning of the fiscal year INDEX ｜1 *1 “Profit for the period / year attributable to owners of the Company” is described as “Profit for the period / year.” *2 “Core operating cash flow” = Cash flow after deducting changes in working capital and others from operating cash flows calculated for accounting purposes *3 “Core cash flow” = Core operating cash flow + Post-adjustment, net cash provided by (used in) investing activities – Dividends paid – Purchase of treasury stock (Post-adjustment, net cash provided by (used in) investing activities are net cash provided by (used in) investing activities after adjustment for changes in long-term operating assets, etc.) *4 Revised forecast announced on October 30, 2025 vs. Forecast 39% vs. Revised forecast 47% Interim JPY82.5/ Year-end JPY82.5 *4 *4
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5Copyright © Sojitz Corporation 2025 INDEX ｜1 The Sojitz Growth Story Creating the “Sojitz Growth Story” Transformation of portfolio to advance Sojitz to its Next Stage through creating the Sojitz Growth Story Expansion of new investments Enhancement of existing businesses ⚫ Pursuit of capacity acquisition and business expansion in fields with sustainable growth potential ⚫ Ongoing investment in business fields where Sojitz can leverage its competitive edge ⚫ Creation of multiple distinctly Sojitz revenue- generating clusters of businesses (Katamari) ⚫ Utilization of existing strengths to enhance functions while bolstering earnings power ⚫ Co-creation with external partners, provision of new value, and expansion of operations ⚫ Profitability improvement and divesture judgment with regard to loss-making and underperforming businesses
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6Copyright © Sojitz Corporation 2025 ⚫ Steady progress is being made toward the execution of the JPY600.0bn investment plan under MTP2026, aiming for doubled corporate value in the Next Stage ⚫ Project formation is advancing mainly in the essential infrastructure domain, and expect to accumulate more projects toward the latter half of MTP2026 ⚫ Creation of Sojitz-unique business clusters and a robust earnings base going forward The Sojitz Growth Story - Expansion of New Investments JPY260.0bn MTP2020 MTP2023 JPY450.0bn Infrastructure & Healthcare Growth markets × Market - in approach Materials & Circular economy Others Essential infrastructure • Public infrastructure developer in Australia : Capella • E nergy - saving service businesses in the U.S. : Freestate Food value chain Energy and materials solutions • Manufacturing of battery materials : Nippon A&L Others Forecast in FY25 H2 JPY600.0bn or above Investment and Financial Discipline with maintaining financial discipline JPY600.0bn Investment Plan MTP2026 MTP2026 INDEX ｜1
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7Copyright © Sojitz Corporation 2025 Copyright © Sojitz Corporation 2025 The Sojitz Growth Story - Enhancement of Existing Businesses 7 ⚫ Strengthening of trading businesses and expansion of manufacturing capabilities in the chemical business Earnings growth in the food value chain through enhancement of each business and connection of functions ⚫ Continuous value co-creation with external partners to achieve further growth ⚫ Thorough review and evaluation of each underperforming business, with accelerated structural reforms 7 etc. etc. INDEX ｜1 Copyright © Sojitz Corporation 2025 77 etc. etc. etc. Marine vessel business ⚫ Transference of holdings in existing businesses to external partners more suited to their operation while continuing to provide the functions that are strengths of Sojitz ⚫ Development of frameworks for ongoing growth by expanding business scale through growth together with partners North American railcar leasing business Automobile business Chemical business Mineral resources business ⚫ Maximizing added value by expanding business domains along the value chain, beyond strengthening individual businesses in areas of established competitive advantage Accelerating structural reforms in underperforming segments toward the Next Stage ⚫ Individual review and assessment of businesses for improvement, asset replacement, or withdrawal, through management-led decision-making, followed by acceleration of structural reforms Food value chain Strength augmentation and function enhancement Collaboration with external partners Rehabilitation of loss-making and underperforming businesses
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Copyright © Sojitz Corporation 2025 8 The Sojitz Growth Story 1. Trading Business Capturing Supply Chain Changes INDEX ｜1 Sojitz sales volume Domestic demand Domestic demand and Sojitz sales volume trends for light rare earths (neodymium) boasting a domestic market share of over 70% in domestic sales Proactive diversification of supply sources Over 50 years of established trading routes Securing new stable supply routes Light rare earths Medium and heavy rare earths Seeking to develop of a new supply chain ⚫ Joint business feasibility study and validation to be conducted, with a final investment decision scheduled by the end of fiscal year 2025 ⚫ Production is scheduled to commence in 2026 Launch of a joint development study with the Alcoa Group in Australia toward production Domestic manufacturers Establishment of stable gallium supply chain Initial investment and loan in 2011 ; Additional investment and loan in 2022 and 2023 Energy & Materials Solutions Rare Earths Gallium Domestic manufacturers 2021 2022 2023 2024 2025 Forecast Market needs Supply chain risks Market trends ⚫ For many years—anticipating supply chain changes and market needs, strengthening trading functions ⚫ Under our mission to “deliver goods and services where there is a need”—diversifying procurement sources for critical minerals such as rare earths New Project
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Copyright © Sojitz Corporation 2025 9 The Sojitz Growth Story 2. Business Expansion in Uzbekistan INDEX ｜1 Investment target Approx. JPY150.0bn （ Reference value based on accumulation of promising projects over the next five years and beyond ） ROI exceeding 10% Essential Infrastructure Large-scale renewable IPP project contributing to decarbonization Developing Wind power IPP project Scheduled to commence operations in 2026Syrdarya II gas-fired power generation project The first and largest IPP project in Uzbekistan organized by a Japanese company Samarkand hospital PPP project Leveraging expertise and partnerships from the hospital PPP project in TurkeyDeveloping Construction and operation of new airport in Tashkent Airport development project Developing ⚫ Long-term relationship with the government and partners since the 1990s ⚫ Business expertise and network built over years, centered on infrastructure ⚫ Largest population in Central Asia ⚫ High economic growth rate average annual growth exceeding 6.5% Strong infrastructure demand ⚫Anticipating robust infrastructure demand in Uzbekistan, leveraging long-standing trust, expertise, and a well-established network to capture the expanding market
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10Copyright © Sojitz Corporation 2025 106 130 135 150 165 22/3期 実績 23/3期 実績 24/3期 実績 25/3期 実績 26/3期 予想 27/3期 Shareholder Returns Policy ⚫ 10% increase in dividends YoY (from JPY150 to JPY165) based on progressive and predictable stable dividend policy ⚫ Announced stock repurchase totaling JPY10.0bn (2.8 million shares) in May 2025; completed repurchase in July 2025 ⚫ Cancelled 15 million shares of treasury stock in August 2025 Shareholder Returns Policy • Achieve progressive and predictable stable dividends • Dividend forecast for FY25: JPY165 per share (10% increase compared to FY24) Dividend ■ Dividend per Share (JPY) Shareholder Returns ※Referred to in MTP2026 Approx. 30% of core operating CF (3 years total) is allocated to shareholder returns Progressive dividend 4.5% of shareholder equity Flexible stock repurchase in case of surplus cash flow • Stock repurchase was completed in July 2025 for the amount announced in May 2025 (JPY 10.0 bn / 2.8 million shares; repurchase period: May 2, 2025 – July 31, 2025) • Cancelled 15 million shares of treasury stock on August 29, 2025 (Total number of shares issued: 225 million → 210 million shares) FY2021 FY2022 FY2023 FY2024 FY2025 JPY15.0bn JPY0.0bn JPY42.6bn JPY24.0bn JPY10.0bn INDEX ｜1 Stock Repurchase ◼ Total amount of stock repurchase (cash outflow basis) FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast
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Financial Results for the First Half Ended September 30, 2025 and Full Year Forecast of Fiscal Year Ending March 31, 2026 INDEX ｜2
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12Copyright © Sojitz Corporation 2025 Summary of Profit or Loss INDEX ｜2 *1 The amount for doubtful accounts provision and write-offs included in SG&A: YoY change JPY(0.5) bn ( 0.0 to (0.5) ) *2 “Core earnings” = Gross profit + Selling, general and administrative expenses (before provision of allowance for doubtful accounts and write-offs) + Net interest expenses + Dividends received + Share of profit (loss) of investments accounted for using the equity method. (BN JPY） Q1 Q2 Revenue 1,235.2 1,240.3 598.9 641.4 +5.1 Energy Solutions & Healthcare +76.4, Retail & Consumer Service +5.8, Metals, Mineral Resources & Recycling (46.6), Automotive (17.8) － － － Gross profit 165.6 171.6 82.2 89.4 +6.0 Energy Solutions & Healthcare +11.3, Retail & Consumer Service +3.5, Metals, Mineral Resources & Recycling (9.7), Automotive (2.3) 400.0 380.0 45% SG&A expenses (129.3) (144.2) (70.2) (74.0) (14.9) Increased due to acquisition of new consolidated subsidiaries (290.0) (290.0) － Other income/expenses 5.2 7.6 2.2 5.4 +2.4 FY25 : Partial sale of railcar leasing business, etc. FY24 : Gain on changes in equity following public offering by affiliate, and gain on sales of overseas industrial park, etc. (5.0) 10.0 － Financial income/costs (3.7) (2.1) (0.1) (2.0) +1.6 (10.0) (10.0) － Share of profit (loss) of investments accounted for using the equity method 21.2 20.9 10.8 10.1 (0.3) 50.0 50.0 － Profit before tax 59.0 53.8 24.9 28.9 (5.2) 145.0 140.0 38% Profit for the period/year 44.3 45.3 21.1 24.2 +1.0 115.0 115.0 39% Core earnings 53.9 46.6 22.9 23.7 (7.3) 145.0 130.0 36% Resource 0.0 (0.2) (0.1) (0.1) (0.2) FY25 Revised Forecast vs. Revised ForecastFY24 H1 FY25 H1 Difference Main Factors FY25 Initial Forecast Major One-time Gain/Loss 5.0 4.4 1.8 2.6 (0.6) (0.4) Non-Resource 5.0 4.6 1.9 2.7 *1 *2
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13Copyright © Sojitz Corporation 2025 Summary of Balance Sheet INDEX ｜2 Main Factors Trade and other receivables (current) ⚫ Increased due to tobacco transactions Inventories ⚫ Increase due to new consolidation of subsidiaries as well as growth in the fertilizer businesses and retail businesses Goodwill ⚫ Increased due to acquisition of new consolidated subsidiaries Tangible fixed assets/Intangible assets/Investment property ⚫ Increased due to acquisition of consolidated subsidiaries Other current/non-current assets ⚫ Increased due to temporary asset replacement Trade and other payables (current) ⚫ Increased due to acquisition of new consolidated subsidiaries Bonds and borrowings ⚫ Increased due to new borrowings Other current/non-current liabilities ⚫ Increased due to acquisition of consolidated subsidiaries Total Equity attributable to owners of the Company ⚫ Profit for the period +45.3 ⚫ Dividends paid (15.9) ⚫ Stock repurchase (10.0) ⚫ Foreign exchange rates (9.4) （BN JPY） Mar. 31, 2025 Sep. 30, 2025 Difference Assets(current/non-current) 3,087.3 3,249.4 +162.1 Cash and cash equivalents 192.3 186.6 (5.7) Trade and other receivables (current) 899.8 923.7 +23.9 Inventories 275.9 315.2 +39.3 Goodwill 151.3 168.5 +17.2 Tangible fixed assets/Intangible assets/Investment property 381.8 400.7 +18.9 Investments accounted for using the equity method and other investments 776.8 786.9 +10.1 Other current/non-current assets 409.4 467.8 +58.4 Liabilities(current/non-current) 2,079.7 2,225.5 +145.8 Trade and other payables (current) 596.5 626.0 +29.5 Bonds and borrowings 1,086.4 1,168.0 +81.6 Other current/non-current liabilities 396.8 431.5 +34.7 Total equity 1,007.6 1,023.9 +16.3 Total equity attributable to owners of the Company 969.0 980.4 +11.4
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14Copyright © Sojitz Corporation 2025 Financial Summary *1 “Total equity” refers to “Total equity attributable to owners of the Company” and is used as the numerator when calculating “Equity ratio” and the denominator when calculating “Net DER(Times).” *2 “Shareholder equity” is after deducting other components of equity from total equity. INDEX ｜2 （BN JPY） Mar. 31, 2025 Sep. 30, 2025 Difference FY25 Forecast Total assets 3,087.3 3,249.4 +162.1 3,300.0 Total equity*1 969.0 980.4 +11.4 1,020.0 Shareholder equity*2 778.8 791.3 +12.5 - Equity Ratio*1 31.4% 30.2% (1.2)ppt 30.9% Gross interest-bearing debt 1,086.4 1,167.9 +81.5 - Net interest-bearing debt 887.2 968.2 +81.0 1,050.0 Net DER(Times)*1 0.92 0.99 +0.07 Approx. 1.0 ROE 11.7% - - 11.6% ROA 3.7% - - 3.6% Risk Assets 630.0 660.0 +30.0 vs. Total Equity, Times*1 0.7 0.7 - Current ratio 159.8% 157.7% (2.1)ppt Long-term debt ratio 81.6% 79.7% (1.9)ppt
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15Copyright © Sojitz Corporation 2025 Summary of Cash Flow INDEX ｜2 *1 “Core operating cash flow” = Cash flow after deducting changes in working capital and others from operating cash flows calculated for accounting purposes *2 “Core cash flow” = Core operating cash flow + Post-adjustment, net cash provided by (used in) investing activities – Dividends paid – Purchase of treasury stock (Post-adjustment, net cash provided by (used in) investing activities are net cash provided by (used in) investing activities after adjustment for changes in long-term operating assets, etc.) Main Factors CF from operating activities ⚫ Inflows from operating activities and dividend -Dividend received from equity-method associates- FY24 H1 ：JPY18.7bn FY25 H1 ：JPY21.1bn CF from investing activities ⚫ Outflows for investment of new businesses - Public infrastructure developer in Australia - Manufacturing, sales and R&D businesses of SBR latexes and ABS resins - Automobile sales business in Panama - Primary healthcare business in Singapore CF from financing activities ⚫ Inflows from borrowings （BN JPY） FY24 H1 FY25 H1 Difference CF from operating activities (55.2) 31.3 +86.5 CF from investing activities (36.6) (75.6) (39.0) FCF (91.8) (44.3) +47.5 CF from financing activities 87.5 37.1 (50.4) Core operating CF*1 64.5 65.5 +1.0 Core CF*2 4.2 (46.4) (50.6)
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16Copyright © Sojitz Corporation 2025 Summary of Gross Profit by Segment INDEX ｜2 (BN JPY) * Effective April 1, 2025, Sojitz Group reorganized several segments and changed its reporting figures for FY2024. 171.6165.6 （BN JPY） 49% 48% 42% 45% 75.0 38.0 70.0 15.0 380.0+6.0 40.0 70.0 15.0 400.0 +0.9 vs. Revised Forecast 70.0 30.0 75.0 25.0 75.0 13.2 14.1 +0.9 46% 47% 37% 52% 47% FY25 Revised Forecast 65.0 30.0 75.0 12.0 FY24 H1 FY25 H1 FY25 Initial Forecast 165.6 171.6Total Difference Retail & Consumer Service 29.8 33.3 +3.5 Chemicals 33.1 35.0 +1.9 Consumer Industry & Agriculture Business 19.3 18.8 (0.5) Others 5.4 6.3 Energy Solutions & Healthcare 16.5 27.8 +11.3 Metals, Mineral Resources & Recycling 15.9 6.2 (9.7) Automotive 32.4 30.1 (2.3) Aerospace, Transportation & Infrastructure 5.4 6.3 29.8 33.3 19.3 18.8 33.1 35.0 15.9 6.2 16.5 27.8 13.2 14.1 32.4 30.1 FY24 H1 FY25 H1
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17Copyright © Sojitz Corporation 2025 Summary of Profit by Segment INDEX ｜2 44.3 45.3 (BN JPY) * Effective April 1, 2025, Sojitz Group reorganized several segments and changed its reporting figures for FY2024. （BN JPY） FY24 H1 FY25 H1 Difference Main Factors Automotive 0.1 0.8 +0.7 Despite a decline in profit from the Puerto Rico automobile sales business due to the impact of U.S. tariff measures, profit increased as a result of contributions from the automobile sales businesses in Latin America Aerospace, Transportation & Infrastructure 5.8 10.5 +4.7 Profit increased due to growth in defense- and aircraft-related transactions, as well as gains from the partial sale of the railcar leasing business Energy Solutions & Healthcare 5.1 7.5 +2.4 Profit increased due to the new consolidation and transaction growth in the energy-saving service businesses, and profit contributions from an LNG operating company Metals, Mineral Resources & Recycling 11.7 7.3 (4.4) Profit decreased due to a decline in market prices in the coal business and sluggish production efficiency Chemicals 9.7 10.1 +0.4 Earnings contributions from new investment began, and progress remained steadily Consumer Industry & Agriculture Business 4.4 4.3 (0.1) Relatively unchanged year on year Retail & Consumer Service 4.5 3.8 (0.7) Relatively unchanged year on year Others 3.0 1.0 (2.0) Profit declined due to a rebound from one-time gains recorded in the previous fiscal year Total 44.3 45.3 +1.0
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18Copyright © Sojitz Corporation 2025 FY25 Forecast Profit for the Year by Segment INDEX ｜2 （BN JPY） FY25 H1 FY25 Initial Forecast FY25 Revised Forecast Revised Amount vs. Revised Forecast Outlook Automotive 0.8 6.0 3.0 (3.0) 27% Downward revision to forecast due to reduced earnings from Puerto Rico operations impacted by U.S. tariffs, delayed recovery in underperforming businesses including used car business in Australia, and business review Aerospace, Transportation & Infrastructure 10.5 12.5 17.0 +4.5 62% Upward revision to forecast to account for steady progress through H1 and gain on the partial sale of the railcar leasing business Energy Solutions & Healthcare 7.5 23.0 30.0 +7.0 25% Upward revision to forecast, reflecting steady progress in various businesses and expected gains from asset replacement Metals, Mineral Resources & Recycling 7.3 25.0 15.0 (10.0) 49% Downward revision to forecast reflecting current production performance in the coal business Chemicals 10.1 20.0 20.0 0.0 51% Performance generally as forecast Consumer Industry & Agriculture Business 4.3 8.5 8.0 (0.5) 54% Downward revision to forecast based on slow progress in H1 Retail & Consumer Service 3.8 13.0 13.0 0.0 29% Earnings contributions expected in H2 from marine products and domestic retail businesses, as well as partial asset replacement Others 1.0 7.0 9.0 +2.0 11% Earnings contributions from digital-related subsidiaries, company- wide tax gains/losses, and asset replacement are expected Total 45.3 115.0 115.0 0.0 39%
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19Copyright © Sojitz Corporation 2025 （BN JPY） FY24 FY25 H1 FY25 Revised Forecast vs. Revised Forecast Core operating CF*1 602.0 450.0 135.0 65.5 140.0 47% Asset Replacement (Investment recovery) 451.0 180.0 22.5 14.5 60.0 24% New Investments (600.0) (103.0) (84.5) (200.0) 42% Capex and others (40.0) (31.0) (16.0) (25.0) 64% Shareholder Returns *2 (204.0) (130.0) (55.5) (26.0) (45.0) 58% Core CF*3 139.5 (140.0) (32.0) (46.5) (70.0) － MTP2026 3-Year Aggregate Forecast (FY24 - FY26) (709.5) MTP2020 - 2023 6-Year Aggregate Results (FY18 - FY23) Cash Flow Management INDEX ｜2 Cash outflow ⚫ Approximately 70% of core operating cash flow over the three-year period to be allocated to growth investments—including human capital investments— for strengthening the foundation for future growth, with the remaining 30% allocated to shareholder returns ⚫ Investments are being steadily executed in line with the plan, and continuing to execute high-quality projects with speed Cash inflow *1 “Core operating cash flow” = Cash flow after deducting changes in working capital and others from operating cash flows calculated for accounting purposes *2 Include acquisition of treasury stock *3 “Core cash flow” = Core operating cash flow + Post-adjustment, net cash provided by (used in) investing activities – Dividends paid – Purchase of treasury stock (Post-adjustment, net cash provided by (used in) investing activities are net cash provided by (used in) investing activities after adjustment for changes in long-term operating assets, etc.) *4 Revised forecast announced on October 30, 2025 *4 *4 *4
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20Copyright © Sojitz Corporation 2025 Core Operating Cash Flow (Resource and Non-resource Businesses) INDEX ｜2 *“Core operating cash flow” = Cash flow after deducting changes in working capital and others from operating cash flows calculated for accounting purposes MTP2017 MTP2020 MTP2023 MTP2026 Core Operating Cash Flow (3 years total) Non-resource businesses 65％ Non-resource businesses 80％ 202.0 219.0 383.0 450.0 Resource businesses Non-resource businesses (BN JPY) ⚫ Steady improvement in both quality and quantity of track record for generating cash flows ⚫ Increased proportion of earnings from non-resource businesses as stable sources of profit, driven by portfolio rebalancing through new investments and asset replacements ⚫ Continued sustainable growth of core operating cash flow to further enhance both growth investment capacity and shareholder returns
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21Copyright © Sojitz Corporation 2025 MTP2026 – Investment Contributions INDEX ｜2 approx. 7% Total 3-year earnings contributions from investments under respective MTP Return on Investment Approx. JPY2.0bn Approx. JPY28.0bn MTP2020 MTP2023 ⚫ Investment balance at the end of FY23 JPY100.0bn Major cases ◼ Operation of restaurants (ROYAL HOLDINGS Co., Ltd.) Approx. JPY17.0bn 3-year avg. result approx. 2% 3-year avg. result approx. 7%3-year avg. result approx. 1% 5% ⇒ approx. 2% 7% ⇒ approx. 5% 10% ⇒approx. 6% FY2025 FY2026 Forecast FY2027 Forecast ◼ Energy-saving service business in the U.S. ◼ Automotive sales business in Panama ◼ Marine products related business ◼ Commercial food wholesale business in Vietnam ⚫ Investment balance at the end of FY23 JPY340.0bn JPY16.0bn ⇒ JPY9.0bn 5% ⇒ approx. 3% 7% ⇒ approx. 5% 9% ⇒ approx. 6% MTP2026 ⚫ Aggregate Investments JPY260.0bn ⚫ Aggregate Investments JPY450.0bn 3-year avg. initial plan 7%⇒ JPY20.0bn ⇒JPY14.5bn JPY26.0bn ⇒JPY17.0bn JPY5.0bn ⇒ JPY1.5bn JPY7.0bn ⇒ JPY4.0bn JPY9.0bn ⇒JPY5.0bn JPY4.0bn ⇒ JPY2.0bn JPY8.0bn ⇒ JPY12.5bn JPY12.0bn ⇒ JPY16.0bn approx. 4% ◼ Energy-saving service businesses in the U.S. ◼ Public infrastructure developer in Australia ◼ Manufacturing of battery materials business ◼ Primary healthcare business in Singapore ◼ Automotive sales business in Panama ◼ Energy-saving service business in Australia ◼ Electricity retail business in Ireland Higher performance than initial plan at start of MTP2026 ◼ Used car sales business in Australia ◼ Coking coal business in Australia Behind compared to the initial plan at start of MTP2026 Higher performance than initial plan at start of MTP2026 ◼ Coking coal business in Australia ◼ Paper manufacturer in Vietnam Behind compared to the initial plan at start of MTP2026 approx. 5% ⚫ MTP 2026 Investments: Targeting additional new investments of approximately JPY 300bn in FY2026 to further accumulate upside potential for earnings contributions ⚫ MTP2020 and 2023 Investments: Earnings contributions decreased due to the impact of the coking coal business in Australia and the used car sales business in Australia Continued focus on thorough improvement of profitability ⚫ Aggregate Investments Initial Plan JPY300.0bn 3% ⇒ approx. 2% 4% ⇒ approx. 5% 5% ⇒ approx. 6%3-year avg. plan approx. 4% Investment balance at year-end JPY95.0bn JPY90.0bn (forecast) Investment balance at year-end JPY330.0bn JPY310.0bn (forecast) Investment balance at year-end JPY95.0bn JPY270.0bn (forecast) 3-year avg. initial plan 7%⇒ － － － Approx. JPY30.5bnJPY24.0bn At the announcement of MTP2026 Approx. JPY40.5bnJPY62.0bn At the announcement of MTP2026 Approx. JPY10.5bn At the announcement of MTP2026 JPY21.0bn
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22Copyright © Sojitz Corporation 2025 Total Investments JPY84.5bn FY25 Investment Plan Approx. JPY200.0bn Major Cases Essential infrastructure JPY51.0bn ● Public infrastructure developer in Australia ● Primary healthcare business in Singapore ● Business jet services business etc. Food value chain JPY2.0bn Energy and materials solutions JPY19.0bn ● Manufacturing of battery materials business etc. Others JPY12.5bn ● Automotive sales business in Panama ● Automotive sales business in Brazil ● Innovation investment ●Others etc. Total Asset Replacement JPY14.5bn FY25 Investment Plan Approx. JPY60.0bn Major Cases ● Railcar leasing business ● Sale of domestic solar power generation businesses ● Sale of cross-shareholdings etc. Aggregate Investment Amount under MTP2026 JPY187.5bn MTP2026 Investment Plan Approx. JPY600.0bn INDEX ｜2 ●Automotive ●Aerospace, Transportation & Infrastructure ●Energy Solutions & Healthcare ●Metals, Mineral Resources & Recycling ●Chemicals ●Consumer Industry & Agriculture Business ●Retail & Consumer Service ●Others FY25 H1 Investments and Asset Replacement
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23Copyright © Sojitz Corporation 2025 Commodity Prices, Foreign Exchange, and Interest Rate *1 Coal prices are based on standard market prices and therefore differ from the Company’s selling prices. *2 Impact of fluctuations in the exchange rate on earnings: JPY1/US$ change alters gross profit by approx. JPY0.8bn annually, profit for the year by approx. JPY0.3bn annually, and total equity by approx. JPY2.0bn annually. INDEX ｜2 FY24 Results (Apr. - Sep. Avg.) FY25 Assumptions (Annual Avg.) FY25 Results (Apr. - Sep. Avg.) Latest Data （As of Oct. 24, 2025） Coking coal *1 US$226/t US$180/t US$184/t US$194/t Thermal coal *1 US$138/t US$100/t US$105/t US$104/t Crude oil (Brent) US$81.8/bbl US$70.0/bbl US$67.5/bbl US$65.9/bbl Exchange rate *2 JPY152.4/US$ JPY145.0/US$ JPY146.1/US$ JPY152.7/US$ Interest Rate (TIBOR) 0.34% 1.00% 0.78% 0.81%
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Segment Information INDEX ｜3 * Effective April 1, 2025, Sojitz Group reorganized several segments and changed its reporting figures for FY2024.
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25Copyright © Sojitz Corporation 2025 Distributor Business ⚫ Steady earnings contributions from the automobile sales businesses in Latin America ⚫ Profit declined in the Puerto Rico automobile sales business due to U.S. tariffs ⚫ Decrease of JPY3.0bn from initial forecast of JPY6.0bn, reflecting reduced earnings from Puerto Rico operations impacted by U.S. tariffs, delayed recovery in underperforming businesses including used car business in Australia, and business review 〈The status of rehabilitating existing businesses〉 (Used car sales business in Australia) ⚫ Ongoing business improvement through enhanced store profit margins, increased retail sales volume, and cost control Dealership Business The Sojitz Growth Story Profit JPY1.6bn Next Stage CROIC 5.0% 8.0%8.0% Next Stage ・・・ ・・・ Automotive Summary Vehicle Sales JPY3.0bn JPY15.0bn （Unit） * Figures represent simple sums of sales unit in affiliated companies * Includes non-consolidated export trade units Asia and Oceania North America Europe, Middle East and AfricaLatin America * The above figures are profit for the period, which is calculated in accordance with IFRS. FY24 FY25 Forecast FY24 MTP2026 Target Japan and Asia Oceania North America EuropeLatin America ⚫ Negative impact of approximately JPY2.0bn on automobile sales business in North America 〈The impact of U.S. tariffs〉 (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Revised Forecast : JPY3.0bn Achieved 27% （Unit） INDEX ｜3 (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 32.4 30.1 (2.3) SG&A expenses (29.2) (30.0) (0.8) Share of profit (loss) of investments accounted for using the equity method 0.6 0.7 +0.1 Profit for the period 0.1 0.8 +0.7 Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 289.7 317.7 +28.0 21,800 29,200 28,100 FY23 H1 FY24 H1 FY25 H1 25,000 33,400 39,200 FY23 H1 FY24 H1 FY25 H1
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26Copyright © Sojitz Corporation 2025 Automotive Profit of Main Subsidiaries and Associates (Excluding one-time factors) * Segment profit includes one-time losses and gains INDEX ｜3 FY2024 FY2025 (BN JPY) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Automotive Sales Business by Region Japan and Asia (0.2) 0.4 (0.1) (0.2) (0.1) (0.3) (0.2) － － (0.5) (0.7) Oceania (0.3) (0.6) (0.5) (0.5) (1.9) (0.4) (0.3) － － (0.7) +0.2 North America 0.4 0.2 0.7 0.7 2.0 0.6 0.3 － － 0.9 +0.3 the United States, Puerto Rico, etc. Latin America 0.7 0.6 1.1 0.7 3.1 0.7 1.6 － － 2.3 +1.0 Panama, Brazil, Argentina, etc. Europe (0.1) 0.0 0.1 (0.3) (0.3) (0.3) 0.0 － － (0.3) (0.2) Norway, Ukraine, etc. (one-time gain and loss) 0.0 0.0 0.5 0.5 1.0 0.0 1.5 － － 1.5 +1.5 Segment Profit (0.1) 0.2 1.1 0.4 1.6 (0.4) 1.2 － － 0.8 +0.7 Principal countries of operation Japan, the Philippines, Pakistan, etc. Australia, etc.
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27Copyright © Sojitz Corporation 2025 ⚫ Steady progress in defense- and aircraft-related transactions and partial sale of the North American railcar leasing business ⚫ Increase of JPY4.5bn from initial forecast of JPY12.5bn, reflecting steady progress in H1, including the partial sale of the North American railcar leasing business ⚫ Continued steady progress centered on defense-related transactions expected in H2 Business jet services Number of managed aircrafts and total flight time Aerospace ,Transportation & Infrastructure Summary The Sojitz Growth Story Profit JPY12.3bn Next Stage CROIC 5.0% 8.0%6.0% Next Stage ・・・ ・・・ JPY17.0bn JPY25.0bn FY24 FY25 Forecast FY24 MTP2026 Target * The above figures are profit for the period, which is calculated in accordance with IFRS. 5 7 9 11 11 11 13 0 2,000 4,000 6,000 0 5 10 15 FY18 FY19 FY20 FY21 FY22 FY23 FY24 (Units) (Hours) (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Revised Forecast : JPY17.0bn Achieved 62% INDEX ｜3 (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 13.2 14.1 +0.9 SG&A expenses (8.7) (9.2) (0.5) Share of profit (loss) of investments accounted for using the equity method 2.8 2.1 (0.7) Profit for the period 5.8 10.5 +4.7 Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 378.8 349.0 (29.8)
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28Copyright © Sojitz Corporation 2025 Aerospace ,Transportation & Infrastructure * Segment profit includes one-time losses and gains * The equity ownership is as of the end of September 2025. Profit of Main Subsidiaries and Associates (Excluding one-time factors) INDEX ｜3 FY2024 FY2025 （BN JPY） Equity ownership Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Accounting Period Transportation vessel asset management ー 0.2 0.9 0.3 1.0 2.4 1.2 1.2 － － 2.4 +1.3 ー Business jet services ー 0.9 0.2 0.3 0.1 1.5 0.2 0.7 － － 0.9 (0.2) ー Transportation, engineering, procurement, and construction projects ー 0.0 0.0 0.0 0.0 0.0 (0.1) 0.1 － － 0.0 0.0 ー Industrial and urban infrastructure -PT. Puradelta Lestari Tbk 25% 0.9 1.1 0.7 0.5 3.2 0.8 0.2 － － 1.0 (1.0) Dec. Sojitz Aerospace Corporation 100% 0.6 0.6 0.5 0.6 2.3 0.5 1.0 － － 1.5 +0.3 Mar. (One-time gain and loss) － 0.0 1.5 0.0 (1.5) 0.0 0.0 1.0 － － 1.0 (0.5) Segment Profit 3.1 2.7 3.3 3.1 12.2 3.1 7.4 － － 10.5 +4.7 Infrastructure railway EPC Projects in India and Indonesia Import, export and sales of aerospace and defense-related equipment, components and materials Development and operation of comprehens ive urban infras tructure including res idential, indus trial, and commercial infras tructure in Major businesses Aircraft sales representative, aircraft leasing, marine vessels etc. Business jet trading support, operation management, chartering
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29Copyright © Sojitz Corporation 2025 ⚫ New consolidation and transaction growth in energy-saving service businesses ⚫ Earnings contributions from asset replacement in solar power generation business ⚫ Increased in sales volume at an LNG operating company ⚫ Increase of JPY7.0bn from initial forecast of JPY23.0bn, reflecting steady progress in various businesses and gains from asset replacement ⚫ Continued steady progress led by energy-saving service business, earnings contributions from Capella (infrastructure developer in Australia), and gains from asset replacement expected in H2 Energy Solutions & Healthcare Summary The Sojitz Growth Story Development of Katamari Profit JPY22.4bn Next Stage CROIC 2.3% 6.0%4.0% Next Stage ・・・ ・・・ JPY30.0bn JPY50.0bn FY24 FY25 Forecast FY24 MTP2026 Target Targets Expansion of energy-saving service businesses to create energy solutions businesses Higher levels of CROIC to be targeted going forward Profit Forecast in Energy-Saving Service Businesses ⚫ Steady growth of energy - saving service demand in conjunction with rising energy demand. Promoting the development of a solid foundation for the establishment of energy solutions businesses ⚫ New acquisition of Freestate in the U.S. (Oct. 2024) and Climatech in Australia (Jan. 2025), and expanding business areas and creating reliable revenue - generating clusters of businesses ( Katamari ) Initiatives Energy-saving service businesses MTP2026 Next StageJPY7.0bn JPY10.0bn * The above figures are profit for the period, which is calculated in accordance with IFRS. (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Revised Forecast : JPY30.0bn Achieved 25% INDEX ｜3 (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 16.5 27.8 +11.3 SG&A expenses (16.7) (26.0) (9.3) Share of profit (loss) of investments accounted for using the equity method 6.7 7.9 +1.2 Profit for the period 5.1 7.5 +2.4 Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 606.1 648.3 +42.2
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30Copyright © Sojitz Corporation 2025 Energy Solutions & Healthcare * Figures for the renewable energy, thermal power generation, and energy-saving service businesses represent the combined profit and loss of the relevant major subsidiaries and associates. * Past figures for the energy-saving service businesses have been partially adjusted following a change in the calculation method * Segment profit includes one-time losses and gains * The equity ownership is as of the end of September 2025. Profit of Main Subsidiaries and Associates (Excluding one-time factors) INDEX ｜3 FY2024 FY2025 （BN JPY） Equity ownership Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Accounting Period Energy-related and thermal power generation businesses -LNG Japan Corporation 50% 0.5 2.1 1.8 5.0 9.4 2.9 1.0 － － 3.9 +1.3 Mar. -Glover Gas & Power B.V. 25% 0.1 0.4 0.4 0.2 1.1 0.3 0.4 － － 0.7 +0.2 Dec. -Thermal power generation businesses － 0.3 0.1 0.7 0.0 1.1 (0.3) 0.3 － － 0.0 (0.4) － Renewable energy and decarbonization businesses -Renewable energy businesses － 0.3 0.0 (0.2) (0.2) (0.1) 1.0 0.6 － － 1.6 +1.3 － -Energy-saving service businesses － 0.8 1.3 2.8 1.4 6.3 1.1 2.3 － － 3.4 +1.3 － -Electricity retail businesses － 0.3 0.0 0.2 0.1 0.6 0.0 0.3 － － 0.3 0.0 － Social infrastructure and public- private partnership businesses -Sojitz Hospital PPP Investment B.V. 100% 0.6 0.6 0.5 2.8 4.5 0.5 0.4 － － 0.9 (0.3) Dec. -Sojitz Machinery Corporation 100% 0.5 0.8 0.6 1.9 3.8 0.4 1.4 － － 1.8 +0.5 Mar. (One-time gain and loss) － 0.0 0.5 1.0 1.0 2.5 0.0 0.0 － － 0.0 (0.5) Segment Profit 2.0 3.1 3.7 13.7 22.5 4.0 3.5 － － 7.5 +2.4 Electricity retail businesses in Spain and Ireland Inves tment and financing in hos pital operation projects in Turkey Gas supply and gas-related businesses in Nigeria Projects in the United States, the Middle East, etc. Domestic and overseas renewable energy businesses Major businesses LNG project and investments in LNG- related business Overseas energy-saving service businesses in North America and Australia, etc. Import, export and sale of general industrial machinery
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31Copyright © Sojitz Corporation 2025 ⚫ Decline of coal market prices ⚫ Sluggish production efficiency ⚫ Decrease of JPY10.0bn from initial forecast of JPY25.0bn reflecting H1 performance in the coal business Metals, Mineral Resources & Recycling The Sojitz Growth StorySummary JPY29.2bn Next Stage CROIC 10.5% 12.0%15.0% Next Stage ・・・ ・・・ JPY15.0bn JPY35.0bn Coal Sales Volume (10,000 MT) FY24 FY25 Forecast FY24 MTP2026 Target * The above figures are profit for the period, which is calculated in accordance with IFRS. Coking coal market: YoY US$(42)/t (FY24H1: US$226/t ⇒ FY25H1: US$184/t) Profit impacts of coal businesses: Market conditions, foreign exchange rates, and other external factors JPY(5.0)bn Sales volumes, costs, and other internal factors JPY +0.5bn Profit (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Revised Forecast : JPY15.0bn Achieved 49% INDEX ｜3 0 500 FY20 FY21 FY22 FY23 FY24 FY25 Forecast Coking Coal PCI Coal Thermal Coal (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 15.9 6.2 (9.7) SG&A expenses (8.1) (7.7) +0.4 Share of profit (loss) of investments accounted for using the equity method 8.8 8.6 (0.2) Profit for the period 11.7 7.3 (4.4) Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 487.1 481.8 (5.3)
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32Copyright © Sojitz Corporation 2025 Metals, Mineral Resources & Recycling * Segment profit includes one-time losses and gains * The equity ownership is as of the end of September 2025. Profit of Main Subsidiaries and Associates (Excluding one-time factors) INDEX ｜3 FY2024 FY2025 （BN JPY） Equity ownership Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Accounting Period Sojitz Development Pty. Ltd. 100% 2.5 1.1 4.3 0.1 8.0 (0.8) (0.2) － － (1.0) (4.6) Mar. Metal One Corporation 40% 2.8 3.6 2.4 3.1 11.9 2.4 2.6 － － 5.0 (1.4) Mar. Upstream interest － 0.1 1.7 2.1 3.8 7.7 0.9 2.1 － － 3.0 +1.2 － (One-time gain and loss) － (0.5) 0.0 (0.5) 1.0 0.0 0.0 0.0 － － 0.0 +0.5 Segment Profit 5.5 6.2 8.6 8.9 29.2 3.5 3.8 － － 7.3 (4.4) Major businesses Investment in coal mines in Australia Import, export, offshore trading, and domestic sale of steel-related products in Japan Production of alumina, investment in an alumina refinery in Australia Investment and management of niobium producing company in Brazil, etc.
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33Copyright © Sojitz Corporation 2025 ⚫ Despite the decline in methanol market conditions, trading businesses progressed steadily ⚫ Earnings contributions from Nippon A&L, manufacturing, sales, and R&D businesses of SBR latexes and ABS resins, as a newly acquired company ⚫ Profit for the year expected to be on par with the previous year, driven by growth in existing trading businesses and earnings contributions from Nippon A&L Chemicals The Sojitz Growth StorySummary FY24 JPY20.0bn Next StageFY25 Forecast FY24 CROIC 13.4% 12.0%10.0% MTP2026 Target Next Stage ・・・ ・・・ JPY20.0bn JPY30.0bn Methanol Sales Volume * The above figures are profit for the period, which is calculated in accordance with IFRS. (10,000 t) 110 100 230 190 180 170 190 180 190 170 110 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Forecast Profit (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Forecast : 20.0bn Achieved 51% INDEX ｜3 (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 33.1 35.0 +1.9 SG&A expenses (17.2) (19.6) (2.4) Share of profit (loss) of investments accounted for using the equity method 0.0 (0.1) (0.1) Profit for the period 9.7 10.1 +0.4 Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 309.7 366.1 +56.4
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34Copyright © Sojitz Corporation 2025 Chemicals * Segment profit includes one-time losses and gains * The equity ownership is as of the end of September 2025. Profit of Main Subsidiaries and Associates (Excluding one-time factors) INDEX ｜3 FY2024 FY2025 （BN JPY） Equity ownership Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Accounting Period PT. Kaltim Methanol Industri 85% 1.3 1.4 0.7 1.3 4.7 1.1 1.0 － － 2.1 (0.6) Mar. NIPPON A&L INC. 66.5% － － － － － － 0.7 － － 0.7 +0.7 Mar. Sojitz Pla-Net Corporation 100% 0.5 0.3 0.5 0.3 1.6 0.2 0.2 － － 0.4 (0.4) Mar. Sojitz SOLVADIS GmbH 100% 0.5 0.5 0.2 0.3 1.5 0.5 0.2 － － 0.7 (0.3) Mar. Non-consolidated trading businesses － 1.3 1.8 4.2 1.4 8.7 1.0 1.8 － － 2.8 (0.3) － Overseas trading 0.8 0.7 0.7 0.8 3.0 0.8 1.0 － － 1.8 +0.3 － (One-time gain and loss) － 0.0 0.0 0.0 (1.0) (1.0) 1.0 (0.5) － － 0.5 +0.5 Segment Profit 5.0 4.7 6.4 3.9 20.0 5.5 4.6 － － 10.1 +0.4 Trading and sale of plastic materials and plastic products Trading and sale of chemical products in Europe Industrial salts, rare earths, aromatics, phenols, functional materials, etc. Trading of chemical products and plastic by overseas subsidiaries Major businesses Manufacture and sale of methanol in Indonesia Manufacture,sales and R&D, of SBR latexes and ABS resins
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35Copyright © Sojitz Corporation 2025 ⚫ Relatively unchanged year-on-year ⚫ Decrease of JPY0.5bn from initial forecast of JPY8.5bn, reflecting the H1 decline in overseas fertilizer businesses due to rising raw material costs and falling rice prices FY22 FY23 FY24 FY25 FY26 Next Stage ⚫ Increase in sales volume through sales activities, including enhancement of product and service lineups and utilization of digital technologies to effectively capture market demand ⚫ Expansion of regional and business scope, centered on the production and sales of high-grade compound chemical fertilizers, to further contribute to agricultural development in various countries Consumer Industry & Agriculture Business Summary The Sojitz Growth Story FY24 JPY6.4bn Next StageFY25 Forecast FY24 CROIC 9.3% 12.0%10.0% MTP2026 Target Next Stage ・・・ ・・・ JPY8.0bn JPY20.0bn * The above figures are profit for the period, which is calculated in accordance with IFRS. Fertilizer Sales Volume (Total for 3 Companies) Profit (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Revised Forecast : JPY8.0bn Achieved 54% INDEX ｜3 (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 19.3 18.8 (0.5) SG&A expenses (12.9) (12.3) +0.6 Share of profit (loss) of investments accounted for using the equity method 0.6 0.8 +0.2 Profit for the period 4.4 4.3 (0.1) Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 244.1 247.5 +3.4
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36Copyright © Sojitz Corporation 2025 Consumer Industry & Agriculture Business * Segment profit includes one-time losses and gains * The equity ownership is as of the end of September 2025. * Characteristics of Sojitz’s fertilizer business companies are as follows: TCCC: Earnings concentrated in the first half of the year as rice farmers (the primary users of TCCC’s fertilizer) tend to use fertilizer around the rainy season AFC: Demand throughout the year as fertilizer is primarily used for semiannual crops like rice and corn JVF: Demand throughout the year for fertilizer for major crops, namely rice, sugar cane, and coffee Profit of Main Subsidiaries and Associates (Excluding one-time factors) INDEX ｜3 FY2024 FY2025 （BN JPY） Equity ownership Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Accounting Period Fertilizer businesses -Thai Central Chemical Public Company (TCCC) 95.3% 1.7 2.3 0.9 1.2 6.1 2.8 1.8 － － 4.6 +0.6 Mar. -Atlas Fertilizer Corporation (AFC) 100% 0.6 0.6 0.5 0.1 1.8 0.5 0.2 － － 0.7 (0.5) Mar. -Japan Vietnam Fertilizer Company (JVF) 75% 0.4 0.1 0.2 0.2 0.9 0.4 0.1 － － 0.5 0.0 Mar. Sojitz Building Materials Corporation 100% 0.2 0.2 0.2 0.3 0.9 0.3 0.3 － － 0.6 +0.2 Mar. Saigon Paper Corporation 97.7% 0.0 0.1 0.0 (0.4) (0.3) (0.1) (0.1) － － (0.2) (0.3) Dec. (One-time gain and loss) － 0.0 0.0 0.0 (1.0) (1.0) 0.0 0.0 － － 0.0 0.0 Segment Profit 2.2 2.2 1.8 0.2 6.4 2.8 1.5 － － 4.3 (0.1) Manufacture and sale of fertilizers in Vietnam Trading company specializing in sale of construction materials Paper making business in Vietnam Major businesses Manufacture and sale of fertilizers in Thailand Manufacture and sale of fertilizers, sale of imported fertilizer products in the Philippines
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37Copyright © Sojitz Corporation 2025 ⚫ Relatively unchanged year-on-year ⚫ Expected earnings contributions from domestic retail and marine product businesses during the year-end sales season ⚫ Recovery in commercial food wholesale business in Vietnam ⚫ Expected partial asset replacement Retail & Consumer Service Summary The Sojitz Growth Story FY24 JPY11.4bn Next StageFY25 Forecast FY24 CROIC 4.2% 8.0%6.0% MTP2026 Target Next Stage ・・・ ・・・ JPY13.0bn JPY30.0bn Development of Katamari Targets Strengthening of retail value chain in growing market of Vietnam including encompassing wholesale, retail, prepared foods, and warehouses Profit Forecast in Vietnamese Retail Businesses MTP2026 Next Stage Targets Profit Forecast in Marine Product Business MTP2026 Next Stage Marine Product Business Vietnamese Retail Businesses JPY4.0bn JPY8.0bn JPY10.0bnJPY3.0bn Bolstering of sales in growing overseas markets as well as higher earnings from domestic businesses * The above figures are profit for the period, which is calculated in accordance with IFRS. Profit (Profit for the period) Main Factors of Difference in Profit for the Period Progress Overview Forecast : 13.0bn Achieved 29% INDEX ｜3 (BN JPY） FY24 H1 FY25 H1 Difference Gross profit 29.8 33.3 +3.5 SG&A expenses (24.7) (26.9) (2.2) Share of profit (loss) of investments accounted for using the equity method 1.5 1.2 (0.3) Profit for the period 4.5 3.8 (0.7) Mar. 31, 2025 Sep. 30, 2025 Difference Total asset 586.8 627.9 +41.1
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38Copyright © Sojitz Corporation 2025 INDEX ｜3 Retail & Consumer Service * Segment profit includes one-time losses and gains * The equity ownership is as of the end of September 2025. * For information on the following companies, please refer to their respective corporate websites. : ・ Fuji Nihon Corporation (equity-method associate) ・ ROYAL HOLDINGS Co., Ltd. (equity-method associate) Profit of Main Subsidiaries and Associates (Excluding one-time factors) FY2024 FY2025 （BN JPY） Equity ownership Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Difference (Cumulative differences in H1) Accounting Period Retail businesses in Vietnam － 0.2 0.3 0.4 0.6 1.5 0.1 0.1 － － 0.2 (0.3) ー -Wholesale － 0.4 0.5 0.4 0.8 2.1 0.3 0.2 － － 0.5 (0.4) ー -Retail － (0.1) (0.2) (0.1) (0.1) (0.5) (0.1) (0.1) － － (0.2) +0.1 ー Domestic retail-related business － 0.8 1.0 0.9 0.7 3.4 0.9 0.9 － － 1.8 0.0 ー Marine products businesses － 0.3 0.8 2.2 0.3 3.6 0.5 0.9 － － 1.4 +0.3 ー -The Marine Foods Corporation 100% 0.1 0.4 1.4 (0.1) 1.8 0.2 0.7 － － 0.9 +0.4 Mar. -TRY Inc. 100% 0.1 0.5 0.6 0.2 1.4 0.2 0.3 － － 0.5 (0.1) Mar. Domestic real estate business － 0.0 0.2 0.0 0.3 0.5 0.2 0.3 － － 0.5 +0.3 ー Sojitz Foods Corporation 100% 0.8 0.8 0.6 0.7 2.9 0.7 0.7 － － 1.4 (0.2) Mar. Sojitz Fashion Co., Ltd. 100% 0.2 0.1 0.2 0.2 0.7 0.2 0.2 － － 0.4 +0.1 Mar. (One-time gain and loss) － 0.5 0.5 0.0 0.0 1.0 0.5 0.0 － － 0.5 (0.5) Segment Profit 2.1 2.4 5.1 1.8 11.4 2.1 1.7 － － 3.8 (0.7) Wholesale of food products and consumer goods Operation of MINISTOP Vietnam locations Printing of cotton and synthetic textiles, and planning, processing and wholesale of non- patterned and dyed fabrics The Marine Foods Corporation, TRY Inc., Dalian Global Food Corporation; Sojitz Tuna Farm Takashima Co., Ltd.; and Sushi Avenue Inc. Seafood manufacturing Management of shopping centers, dedicated businesses for raising property value, etc. Sale of meat and seafood products, sugar, saccharified products, dairy products, processed foods, and other foodstuffs Processing and sale of frozen tuna Royal Holdings Co., Ltd, Sojitz Royal In-flight CateringCo., Ltd.; JALUX Inc. etc. Major businesses Wholesale of food products and consumer goods, operation of MINISTOP Vietnam locations, four-temperature controlled logistics, production of prepared foods, etc.
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補足資料｜ 3 Supplemental Information INDEX ｜4
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40Copyright © Sojitz Corporation 2025 Shareholder Returns Policy INDEX ｜4 Shareholder Returns Policy ※Referred to in MTP2026 Approx. 30% of Core operating CF (3 years total) is allocated to shareholder returns Progressive dividend 4.5% of Shareholder equity Flexible stock repurchase in case of surplus cash flow Core Operating Cash Flow JPY450.0bn MTP2026 3-year total (FY2024-FY2026) Approx. 30% Approx. 70% Growth Investments Investments in Human Capital Total amount of shareholder returns Approx. JPY130.0bn Dividend Approx. JPY105.0bn stock repurchase Shareholder’s Equity Total equity attributable to owners of the Company Other components of equity Impacted by stock price and foreign currency translation differences Non-controlling interests Share capital Capital surplus Retained earnings Treasury stock Total equity Main factors for increase/decrease 4.5％ Dividend payments in following fiscal year Explanation of Shareholder’s Equity DOE Building up profit for the year Shareholder Returns
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41Copyright © Sojitz Corporation 2025 Changes in business Portfolio (Resource and Non-Resource Businesses) INDEX ｜4 (BN JPY) Total (excluding one-time factors) ⚫ Reinforcement of reliable earnings foundations through investments focused on non-resource businesses 46.8 63.8 68.5 59.3 27.2 95.4 133.3 103.3 106.1 99.4 78.4 63.1 82.5 101.5 55.7 53.3 67.3 75.6 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Revised Forecast Resource business Non-resource business Percentage of total attributable to non-resource businesses Resource business 0.3 13.8 25.3 10.4 (0.4) 42.3 62.3 33.8 25.9 10.0 Coal 4.1 11.4 13.6 5.8 (1.8) 30.9 44.1 18.5 8.0 - LNG 1.6 2.3 4.0 3.9 1.7 3.5 9.1 8.0 9.4 - Non-resource business 46.5 50.0 43.2 48.9 27.6 53.1 71.0 69.5 80.2 105.0 One-time gain / loss (6.0) (7.0) 1.9 1.5 (0.2) (13.1) (22.1) (2.5) 4.5 -
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42Copyright © Sojitz Corporation 2025 (BN JPY) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Net sales (JGAAP) 4,006.6 3,745.5 4,209.1 ー ー ー ー ー ー ー Revenue 1,658.1 1,555.3 1,816.5 1,856.2 1,754.8 1,602.5 2,100.8 2,479.8 2,414.6 2,509.7 Gross profit 180.7 200.7 232.4 241.0 220.5 188.1 271.3 337.6 326.0 346.8 Operating profit 29.2 51.6 59.8 ー ー ー ー ー ー ー Share of profit (loss) of investments accounted for using the equity method 23.2 12.7 25.1 27.8 24.9 14.8 38.0 27.3 43.6 49.6 Profit before tax 44.3 58.0 80.3 94.9 75.5 37.4 117.3 155.0 125.5 135.3 Profit for the year attributable to owners of the Company 36.5 40.8 56.8 70.4 60.8 27.0 82.3 111.2 100.8 110.6 Core earnings 41.6 54.2 90.8 93.2 68.4 38.4 131.3 145.1 121.7 122.7 ROA 1.7% 1.9% 2.5% 3.0% 2.7% 1.2% 3.3% 4.2% 3.6% 3.7% ROE 6.8% 7.6% 10.0% 11.7% 10.2% 4.5% 12.2% 14.2% 11.4% 11.7% PL Summary INDEX ｜4
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43Copyright © Sojitz Corporation 2025 INDEX ｜4 PL SummaryPL Summary 36.5 40.8 56.8 70.4 60.8 27.0 82.3 111.2 100.8 110.6 1.7 1.9 2.5 3.0 2.7 1.2 3.3 4.2 3.6 3.7 6.8 7.6 10.0 11.7 10.2 4.5 12.2 14.2 11.4 11.7 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Profit for the year (JPY BN) ROA (%) ROE (%)
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44Copyright © Sojitz Corporation 2025 Balance Sheets Summary INDEX ｜4 (BN JPY) Mar. 31, 2016 Mar. 31, 2017 Mar. 31, 2018 Mar. 31, 2019 Mar. 31, 2020 Mar. 31, 2021 Mar. 31, 2022 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2025 Current assets 1,146.4 1,229.8 1,376.3 1,267.7 1,217.5 1,195.4 1,394.2 1,444.5 1,462.5 1,575.1 Cash and cash equivalents 344.4 308.6 305.2 285.7 272.7 287.6 271.7 247.3 196.3 192.3 Time deposits 6.7 5.7 2.8 2.9 7.4 10.1 10.8 7.0 13.1 6.9 Trade and other receivables 496.2 563.5 549.9 690.7 638.1 636.2 791.5 794.9 827.0 899.8 Inventories 237.1 271.3 396.0 220.6 213.4 187.9 232.8 281.0 288.3 275.9 Other current assets 62.0 80.7 122.4 67.8 85.9 73.6 87.4 114.3 137.8 200.2 Non-current assets 910.3 908.7 974.1 1,029.4 1,012.8 1,104.7 1,267.5 1,216.3 1,424.4 1,512.2 Property, plant and equipment 187.0 172.2 172.1 192.9 158.0 191.3 201.5 195.4 234.3 259.2 Lease assets (Right-of-use assets) - - - - 74.1 72.8 69.7 65.6 97.5 90.7 Goodwill 53.1 57.6 65.8 66.2 66.5 67.2 82.5 85.7 132.6 151.3 Intangible assets 38.8 34.1 44.1 49.1 43.4 61.5 85.0 70.8 92.2 113.9 Investment property 18.4 21.1 24.5 20.9 18.6 11.6 13.3 8.1 10.0 8.7 Investments accounted for using the equity method 551.2 559.6 590.2 597.3 554.7 590.8 673.6 689.7 747.0 776.8 Other non-current assets 61.8 64.1 77.4 103.0 97.5 109.5 141.9 101.0 110.8 111.6 Total assets 2,056.7 2,138.5 2,350.4 2,297.1 2,230.3 2,300.1 2,661.7 2,660.8 2,886.9 3,087.3 Current liabilities 673.8 717.8 846.0 807.2 754.4 734.8 897.6 891.8 973.5 985.6 Trade and other payables 439.3 483.1 654.2 582.4 481.7 476.0 546.0 579.3 663.1 596.5 Lease liabilities - - - - 15.3 16.8 17.4 17.3 19.3 19.7 Bonds and borrowings 168.3 158.7 113.5 149.7 186.8 158.6 231.2 167.8 164.1 199.7 Other current liabilities 66.2 76.0 78.3 75.1 70.6 83.4 103.0 127.4 127.0 169.7 Non-current liabilities 833.2 842.7 879.3 828.4 854.0 910.8 1,000.2 892.4 957.8 1,094.1 Lease liabilities - - - - 63.7 60.5 57.8 54.1 85.7 82.8 Bonds and borrowings 754.4 766.7 798.0 723.6 706.5 749.7 821.5 715.9 742.6 886.7 Retirement benefit liabilities 18.7 21.4 22.0 22.1 22.1 21.9 23.9 22.7 24.1 23.3 Other non-current liabilities 60.1 54.6 59.3 82.7 61.7 78.7 97.0 99.7 105.4 101.3 Total liabilities 1,507.0 1,560.5 1,725.3 1,635.6 1,608.4 1,645.6 1,897.8 1,784.2 1,931.3 2,079.7 Share capital 160.3 160.3 160.3 160.3 160.3 160.3 160.3 160.3 160.3 160.3 Capital surplus 146.5 146.5 146.5 146.6 146.8 146.8 147.0 147.6 96.4 96.8 Treasury stock (0.2) (0.2) (0.2) (0.9) (10.9) (15.9) (31.0) (31.1) (21.8) (45.7) Other components of equity 132.4 132.7 124.3 107.6 49.8 77.8 136.8 138.7 199.2 190.2 Retained earnings 81.3 111.2 155.5 204.6 233.1 250.0 314.9 422.2 490.0 567.4 Total equity attributable to owners of the Company 520.3 550.5 586.4 618.2 579.1 619.0 728.0 837.7 924.1 969.0 Non-controlling interests 29.4 27.5 38.7 43.3 42.8 35.5 35.9 38.9 31.5 38.6 Total equity 549.7 578.0 625.1 661.5 621.9 654.5 763.9 876.6 955.6 1,007.6 Total liabilities and equity 2,056.7 2,138.5 2,350.4 2,297.1 2,230.3 2,300.1 2,661.7 2,660.8 2,886.9 3,087.3
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45Copyright © Sojitz Corporation 2025 INDEX ｜4 Balance Sheets Summary 571.6 611.1 603.5 584.7 613.2 610.6 770.2 629.4 697.3 887.2 520.3 550.5 586.4 618.2 579.1 619.0 728.0 837.7 924.1 969.0 1.10 1.11 1.03 0.95 1.06 0.99 1.06 0.75 0.75 0.92 Mar. 31, 2016 Mar. 31, 2017 Mar. 31, 2018 Mar. 31, 2019 Mar. 31, 2020 Mar. 31, 2021 Mar. 31, 2022 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2025 Net Interest-Bearing Debt Total Equity Net DER
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46Copyright © Sojitz Corporation 2025 INDEX ｜4 Financial Summary (BN JPY) Mar. 31, 2016 Mar. 31, 2017 Mar. 31, 2018 Mar. 31, 2019 Mar. 31, 2020 Mar. 31, 2021 Mar. 31, 2022 Mar. 31, 2023 Mar. 31, 2024 Mar. 31, 2025 Total assets 2,056.7 2,138.5 2,350.4 2,297.1 2,230.3 2,300.1 2,661.7 2,660.8 2,886.9 3,087.3 Total equity 520.3 550.5 586.4 618.2 579.1 619.0 728.0 837.7 924.1 969.0 Equity ratio 25.3% 25.7% 25.0% 26.9% 26.0% 26.9% 27.4% 31.5% 32.0% 31.4% Net interest-bearing debt 571.6 611.1 603.5 584.7 613.2 610.6 770.2 629.4 697.3 887.2 Net DER (Times) 1.10 1.11 1.03 0.95 1.06 0.99 1.06 0.75 0.75 0.92 330.0 320.0 350.0 360.0 380.0 390.0 450.0 490.0 580.0 630.0 0.6 0.6 0.6 0.6 0.7 0.6 0.6 0.6 0.6 0.7 Current ratio 170.1% 171.3% 162.7% 157.1% 161.4% 162.7% 155.3% 162.0% 150.2% 159.8% Long-term debt ratio 81.8% 82.9% 87.5% 82.9% 79.1% 82.5% 78.0% 81.0% 81.9% 81.6% Risk assets (vs. Total equity, times)
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47Copyright © Sojitz Corporation 2025 INDEX ｜4 Cash Flow SummaryCash Flow Summary *1 “Core operating cash flow” = Cash flow after deducting changes in working capital and others from operating cash flows calculated for accounting purposes *2 “Core cash flow” = Core operating cash flow + Post-adjustment, net cash provided by (used in) investing activities – Dividends paid – Purchase of treasury stock (Post-adjustment, net cash provided by (used in) investing activities are net cash provided by (used in) investing activities after adjustment for changes in long-term operating assets, etc.) (BN JPY) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Core CF 18.3 5.5 (56.7) 63.1 1.3 (8.0) 10.5 135.6 (62.8) (31.8) Free CF 66.0 (31.3) 12.4 54.3 4.8 49.3 (73.7) 200.8 124.6 (110.8) Core operationg CF 60.0 59.4 82.9 79.1 80.2 60.2 128.7 145.2 109.2 135.2 Cash flow from operating activities 99.9 0.9 98.8 96.5 40.5 85.0 65.1 171.6 112.2 (16.7) Cash flow from investment activities (33.9) (32.2) (86.4) (42.2) (35.7) (35.7) (138.8) 29.2 12.4 (94.1) Cash flow from financing activities (114.7) (4.0) (13.1) (74.9) (12.2) (40.6) 46.9 (230.4) (186.5) 106.4 Investments 71.0 86.0 158.0 91.0 81.0 96.0 150.0 93.0 206.0 103.0
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48Copyright © Sojitz Corporation 2025 INDEX ｜4 Cash Flow Summary 1 99.9 0.9 98.8 96.5 40.5 85.0 65.1 171.6 112.2 (16.7) (33.9) (32.2) (86.4) (42.2) (35.7) (35.7) (138.8) 29.2 12.4 (94.1) 66.0 (31.3) 12.4 54.3 4.8 49.3 (73.7) 200.8 124.6 (110.8) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 CF from operating activities CF from investing activities FCF (BN JPY)
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49Copyright © Sojitz Corporation 2025 INDEX ｜4 Cash Flow Summary 2 (BN JPY) 60.0 59.4 82.9 79.1 80.2 60.2 128.7 145.2 109.2 135.2 18.3 5.5 (56.7) 63.1 1.3 (8.0) 10.5 135.6 (62.8) (31.8) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Core operatingCF Core CF
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Caution regarding Forward-looking Statements and Original Language This document contains forward-looking statements based on information available to the company at the time of disclosure and certain assumptions that management believes to be reasonable. Sojitz makes no assurances as to the actual results and/or other outcomes, which may differ substantially from those expressed or implied by such forward-looking statements due to various factors including the timing at which the changes in economic conditions in key markets, both in and outside of Japan, and exchange rate movements. The company will provide timely disclosure of any material changes, events, or other relevant issues. The Company has no responsibility for any possible damages arising from the use of information on this material, nor does theCompany have any obligation to update these statements This document is an English language translation of the materials originally written in Japanese. In case of discrepancies, the Japanese version is authoritative and universally valid.