...July 27, 2021 - Sojitz's net profit is likely to recover to about Ñ60 billion in the coming one to two years. - Continued financial discipline under its medium-term business plan should help it maintain positive cumulative free cash flow after shareholder returns. - As a result, Sojitz's profitability should recover, keeping capital adequacy stable for the coming one to two years. - We affirmed the '###-' long-term issuer credit rating on Sojitz; the outlook remains stable. TOKYO (S&P Global Ratings) July 27, 2021--S&P Global Ratings today said it has affirmed its '###-' long-term issuer credit rating on Japan-based general trading and investment company Sojitz Corp. The rating outlook remains stable. We affirmed the rating because we think Sojitz's profitability will recover and keep its capital adequacy stable for the coming one to two years. We base this view on two factors. First, we expect net profit to recover to about Ñ60 billion in the coming one to two years after a pandemic-triggered...
