...July 24, 2024 - We forecast Sojitz's net income will remain around Ñ100 billion over the next one to two years, thanks to steady growth in nonresource businesses and despite softening prices for coal and other natural resources. - Sojitz's financial soundness, which declined slightly in fiscal 2023, is likely to remain commensurate with our current ratings on the company over the next one to two years. - We therefore affirmed our '###' long-term issuer rating on Sojitz. - The outlook is stable, reflecting the above factors. TOKYO (S&P Global Ratings) July 24, 2024--S&P Global Ratings today said it has affirmed its '###' long-term issuer credit rating on Japan-based general trading and investment company (GTIC) Sojitz Corp. The outlook remains stable. We affirmed Sojitz mainly for two reasons. First, we expect net income to remain high at around Ñ100 billion over the next one to two years. This is because of steady growth in nonresource businesses, even as prices for coal and other resources...
