The rating on Sojitz Corp. reflects the company's manageable risks, including limited concentration risk, and adequate liquidity, backed by close relationships with its main bank and other creditor banks. Standard&Poor's Ratings Services believes the company generally maintains its asset risks at manageable levels, thanks to its prudent investment stance and reinforced risk management, which further supports the rating. On the other hand, these strengths are partly offset by a weak capital base, a weak business franchise in comparison with its peers, and a high volume of businesses that are exposed to the risk of earnings fluctuations. In the first half of fiscal 2012 (April 1 to Sept. 30, 2012), Sojitz saw its profits fall across all divisions. Decreased
