Q2 2020 Sojitz Corp Earnings Presentation Transcript

Nov 06, 2019 / 04:00AM GMT
Presentation
Nov 06, 2019 / 04:00AM GMT

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Corporate Participants
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* Masayoshi Fujimoto
Sojitz Corporation - President, CEO & Representative Director
* Seiichi Tanaka
Sojitz Corporation - Executive VP, CFO & Representative Director

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Masayoshi Fujimoto - Sojitz Corporation - President, CEO & Representative Director

I am the President CEO, Fujimoto. Now I would like to explain the financial results for the First Half ended September 30, 2019. The result of the first half saw profit for the period of JPY 29.5 billion, a 41% progress against full year forecast. Our forecast has a tendency to be weighted more in the second half. So this is in line with our plan.

Factors, such as global economic slowdown and falling resource prices made the business environment much more difficult than we anticipated at the beginning of the year. And we see this difficult business environment to continue in the second half. Amid such environment, we are vigorously working on

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