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Mitsui Mining and Smelting, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 1% Increase, Raises Record High Profit, Dividend Revised Upward by 15 Yen

Tue Nov 11, 2025 3:30 pm JST Earnings

5706 Mitsui Kinzoku Company, Limited 【J-GAAP】

Earnings Report

Mitsui Kinzoku Company, Limited <5706> [TSE Prime] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 39.1 billion yen, a 2.0% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 40.1% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 75.0%, from the previous forecast of 44.0 billion yen to 77.0 billion yen (compared to 76.4 billion yen in the previous period), record profits reach two consecutive terms, turning to a 0.8% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to nearly flat at 37.8 billion yen, down 0.4% from the same period last year.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 195 yen to 210 yen (compared to 180 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 29.1 billion yen. The operating profit margin drastically improved from 8.6% in the same period last year to 14.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 312,120 4,659 16,886 8,142 142.5 37.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 348,126 38,821 38,388 37,035 647.8 50.2 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 364,312 39,767 39,141 19,049 333.1 50.8 Nov 11, 2025 J-GAAP
YoY +4.6% +2.4% +2.0% -48.6% -48.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 355,000 24,500 23,000 2,000 35.0 100 Aug 8, 2025 J-GAAP
Apr - Sep, 2025 Results 364,312 39,767 39,141 19,049 333.1 100 Nov 11, 2025 J-GAAP
Revision Rate +2.6% +62.3% +70.2% +852.4% +852.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 665,000 46,000 44,000 17,000 297.1 195 Aug 8, 2025 J-GAAP
Mar, 2026 New 715,000 78,000 77,000 43,000 751.6 210 Nov 11, 2025 J-GAAP
Revision Rate +7.5% +69.6% +75.0% +152.9% +152.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 364,218 35,922 38,022 27,627 483.2 90 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 350,688 38,233 37,859 23,951 418.6 110 Nov 11, 2025 J-GAAP
YoY -3.7% +6.4% -0.4% -13.3% -13.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 646,697 31,694 44,513 25,989 454.7 140 May 13, 2024 J-GAAP
Mar, 2025 712,344 74,743 76,410 64,662 1,131.0 180 May 13, 2025 J-GAAP
Mar, 2026 Guidance 715,000 78,000 77,000 43,000 751.6 210 Nov 11, 2025 J-GAAP
YoY +0.4% +4.4% +0.8% -33.5% -33.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 178,257 15,340 12,196 14,932 261.2 8.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 177,765 17,394 20,723 15,102 264.2 9.8 Feb 12, 2025 J-GAAP
Jan - Mar, 2025 186,453 18,528 17,299 12,525 219.1 9.9 May 13, 2025 J-GAAP
Apr - Jun, 2025 169,040 11,424 10,019 -5,970 -104.4 6.8 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 195,272 28,343 29,122 25,019 437.5 14.5 Nov 11, 2025 J-GAAP
YoY +9.5% +84.8% +138.8% +67.6% +67.5%

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