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Nittetsu Mining, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 24% Increase

Fri Nov 7, 2025 3:00 pm JST Earnings

1515 Nittetsu Mining CO.,Ltd. 【J-GAAP】

Earnings Report

Nittetsu Mining CO.,Ltd. <1515> [TSE Prime] announced its financial results in the afternoon session on November 7th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 9.56 billion yen, an increase 45.5% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 54.3%, from the previous forecast of 9.20 billion yen to 14.2 billion yen (compared to 11.4 billion yen in the previous period), turning to a 24.2% 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 decrease 4.7% from the same period last year to 4.63 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 109.4 yen to 142 yen (compared to 224 yen before the 5-for-1 forward stock split in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.0 times that of the same period last year, reaching 5.07 billion yen. The operating profit margin drastically improved from 1.5% in the same period last year to 10.6%.

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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 82,354 6,573 7,108 4,640 55.8 59.0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 95,291 5,337 6,575 5,727 68.9 57.5 Nov 7, 2024 J-GAAP
Apr - Sep, 2025 93,074 8,585 9,566 6,624 84.2 67.4 Nov 7, 2025 J-GAAP
YoY -2.3% +60.9% +45.5% +15.7% +22.3%

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 ー ー ー ー － 18.20 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 93,074 8,585 9,566 6,624 84.2 23.40 Nov 7, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 176,000 9,100 9,200 7,200 91.5 36.60 Aug 29, 2025 J-GAAP
Mar, 2026 New 196,000 13,900 14,200 9,500 120.8 48.40 Nov 7, 2025 J-GAAP
Revision Rate +11.4% +52.7% +54.3% +31.9% +32.0%

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 101,475 4,920 4,862 3,292 39.9 26.80 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 102,926 5,315 4,634 2,876 36.6 25 Nov 7, 2025 J-GAAP
YoY +1.4% +8.0% -4.7% -12.6% -8.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 166,884 11,177 12,056 6,602 79.4 33.80 May 13, 2024 J-GAAP
Mar, 2025 196,766 10,257 11,437 9,019 109.4 44.80 May 12, 2025 J-GAAP
Mar, 2026 Guidance 196,000 13,900 14,200 9,500 120.8 48.40 Nov 7, 2025 J-GAAP
YoY -0.4% +35.5% +24.2% +5.3% +10.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 48,357 730 2,531 1,514 18.2 1.5 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 50,365 3,467 3,788 2,569 30.9 6.9 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 51,110 1,453 1,074 723 8.8 2.8 May 12, 2025 J-GAAP
Apr - Jun, 2025 46,132 3,620 4,496 3,297 41.9 7.8 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 46,942 4,965 5,070 3,327 42.3 10.6 Nov 7, 2025 J-GAAP
YoY -2.9% +580.1% +100.3% +119.7% +132.4%

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