Sumitomo Metal Mining, The Current Fiscal Year Net Income Revised Downward to an Unexpected 47% Decrease, Dividend Revised Upward by 5 yen

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Wed Feb 12, 2025 3:30 pm JST Earnings

5713 Sumitomo Metal Mining Co., Ltd. 【IFRS】

Earnings Report

Sumitomo Metal Mining Co., Ltd. <5713> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 12th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 49.2% from the same period last year to 29.6 billion yen.

In addition, the full-year consolidated net income has decreased 53.7%, from the previous forecast of 67 billion yen to 31 billion yen (compared to 58.6 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 47.1% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income/loss for the October to March period (2H) has been revised downward from an expected profit of 20.4 billion yen to a loss of 15.5 billion yen (compared to a profit of 20.7 billion yen in the same period of the previous year), turning to a loss outlook.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 99 yen to 104 yen (compared to 98 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated net income/loss turned to a loss of 16.8 billion yen (compared to a profit of 20.4 billion yen in the same period last year).

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	1,075,684	ー	218,630	152,783	556.0	95.1	Feb 8, 2023	IFRS
Apr - Dec, 2023	1,085,039	ー	87,359	58,326	212.3	91.2	Feb 8, 2024	IFRS
Apr - Dec, 2024	1,192,801	ー	48,139	29,615	107.8	83.0	Feb 12, 2025	IFRS
YoY	+9.9%	－	-44.9%	-49.2%	-49.2%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	754,875	ー	23,009	20,497	74.5	50	Nov 12, 2024	IFRS
Oct - Mar, 2024 New	772,875	ー	-14,991	-15,503	-56.4	55	Feb 12, 2025	IFRS
Revision Rate	+2.4%	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,555,000	ー	96,000	67,000	243.6	99	Nov 12, 2024	IFRS
Mar, 2025 New	1,573,000	ー	58,000	31,000	112.7	104	Feb 12, 2025	IFRS
Revision Rate	+1.2%	－	-39.6%	-53.7%	-53.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	728,243	ー	42,016	20,749	75.5	63	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	772,875	ー	-14,991	-15,503	-56.4	55	Feb 12, 2025	IFRS
YoY	+6.1%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,422,989	ー	229,910	160,585	584.4	205	May 10, 2023	IFRS
Mar, 2024	1,445,388	ー	95,795	58,601	213.3	98	May 9, 2024	IFRS
Mar, 2025 Guidance	1,573,000	ー	58,000	31,000	112.7	104	Feb 12, 2025	IFRS
YoY	+8.8%	－	-39.5%	-47.1%	-47.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	367,894	ー	33,580	20,474	74.5	0.0	Feb 8, 2024	IFRS
Jan - Mar, 2024	360,349	ー	8,436	275	1.0	0.0	May 9, 2024	IFRS
Apr - Jun, 2024	410,297	ー	30,688	22,075	80.3	0.0	Aug 7, 2024	IFRS
Jul - Sep, 2024	389,828	ー	42,303	24,428	88.9	0.0	Nov 12, 2024	IFRS
Oct - Dec, 2024	392,676	ー	-24,852	-16,888	-61.5	0.0	Feb 12, 2025	IFRS
YoY	+6.7%	－	－	－	－