Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
1467
Millions of yen (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFirst quarter of the fiscal year ended March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales57,406 Millions of yen
Operating profit5,088 Millions of yen
Ordinary income4,470 Millions of yen
Net income4,782 Millions of yen
Results for the three months of the current quarter
Net Sales
57,406 Millions of yen
Operating profit
5,088 Millions of yen
Ordinary income
4,470 Millions of yen
Profit attributable to owners of parent for the quarter
4,782 Millions of yen
Full-year earnings forecast
Net Sales
¥2,325 million
Operating profit
¥140 million
Ordinary income
¥115 million
Profit attributable to owners of the parent
¥120 million
Earnings per share
¥152.51
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Full-year results are expected to come in broadly in line with the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Copper price and assumptions+¥700 million
- Foreign Exchange+¥500 million
- Number of versions-¥2 billion
- Price and mix+¥1 billion
- Depreciation+¥100 million
- Other costs, etc.+¥0.8 billion
- Adjustments+¥0.3 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Copper prices550 JPY/USD
Exchange rate155 JPY/USD
New initiatives
- Sale of cross-shareholdings
- Share Repurchases
- Support for the temporary restoration of public roads and consideration of using alternative roads following heavy rains at the Arqueros mine
Key KPIsA metric the company considers important as a management benchmark.
- Copper prices604.38 ￠／lbYear on year against the same period last year+172.63
- Exchange rate159.49 JPY/USDYear on year against the same period last year+14.90
- Limestone sales volume (total by application)5,199 thousand tonnes
- Electrolytic copper sales volume11,028 t
- Copper concentrate sales volume (production)7,497 t
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volumes for limestone by application, electrolytic copper and copper concentrate are disclosed, but metrics combining unit prices and volumes are not disclosedSegment results
Resources business: Ores segment
Net Sales
17,363 Millions of yen
Operating profit
2,478 Millions of yen
Resources business: Metals segment
Net Sales
34,737 Millions of yen
Operating profit
2,019 Millions of yen
Machinery and Environmental Business
Net Sales
4,141 Millions of yen
Operating profit
419 Millions of yen
Real Estate Business
Net Sales
684 Millions of yen
Operating profit
445 Millions of yen
Renewable energy business
Net Sales
478 Millions of yen
Operating profit
183 Millions of yen
Medium-term management plan targets
Shareholder Returns
Consolidated payout ratioApproximately 40%
Dividend floor¥34 per share
Target fiscal yearDuring the period covered by the Third Medium-Term Management Plan
Annual Dividend
Annual dividend per share¥62
Payout ratio
RateApproximately 40%
Acquisition of treasury shares
The purchase amount, number of shares and period are not disclosed (the company states that it proceeded with share buybacks)| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | First quarter of the fiscal year ended March 2026 |
| Net Sales | 57,406 Millions of yen |
| Operating profit | 5,088 Millions of yen |
| Ordinary income | 4,470 Millions of yen |
| Net income | 4,782 Millions of yen |
| Results for the three months of the current quarter | Net Sales 57,406 Millions of yen / Operating profit 5,088 Millions of yen / Ordinary income 4,470 Millions of yen / Profit attributable to owners of parent for the quarter 4,782 Millions of yen |
| Full-year earnings forecast | Net Sales ¥2,325 million / Operating profit ¥140 million / Ordinary income ¥115 million / Profit attributable to owners of the parent ¥120 million / Earnings per share ¥152.51 |
| Self-assessment against the plan | Full-year results are expected to come in broadly in line with the plan |
| Segment results | Resources business: Ores segment Net Sales 17,363 Millions of yen / Operating profit 2,478 Millions of yen / Resources business: Metals segment Net Sales 34,737 Millions of yen / Operating profit 2,019 Millions of yen / Machinery and Environmental Business Net Sales 4,141 Millions of yen / Operating profit 419 Millions of yen / Real Estate Business Net Sales 684 Millions of yen / Operating profit 445 Millions of yen / Renewable energy business Net Sales 478 Millions of yen / Operating profit 183 Millions of yen |
| Breakdown of Factors Affecting the Change | Factors Copper price and assumptions / Amount +¥700 million, Factors Foreign Exchange / Amount +¥500 million, Factors Number of versions / Amount -¥2 billion, Factors Price and mix / Amount +¥1 billion, Factors Depreciation / Amount +¥100 million, Factors Other costs, etc. / Amount +¥0.8 billion, Factors Adjustments / Amount +¥0.3 billion |
| Key KPIs | Indicator name Copper prices / Value 604.38 ￠／lb / Year on year against the same period last year +172.63 ￠／lb, Indicator name Exchange rate / Value 159.49 JPY/USD / Year on year against the same period last year +14.90 JPY/USD, Indicator name Limestone sales volume (total by application) / Value 5,199 thousand tonnes / Year on year against the same period last year Not disclosed, Indicator name Electrolytic copper sales volume / Value 11,028 t / Year on year against the same period last year Not disclosed, Indicator name Copper concentrate sales volume (production) / Value 7,497 t / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Sales volumes for limestone by application, electrolytic copper and copper concentrate are disclosed, but metrics combining unit prices and volumes are not disclosed |
| Assumptions Underlying the Business Outlook | Copper prices 550 JPY/USD / Exchange rate 155 JPY/USD |
| Medium-term management plan targets | Shareholder Returns Consolidated payout ratio Approximately 40% / Dividend floor ¥34 per share / Target fiscal year During the period covered by the Third Medium-Term Management Plan |
| Annual Dividend | Annual dividend per share ¥62 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | Rate Approximately 40% / Total payout ratio Not disclosed / DOE Not disclosed |
| Acquisition of treasury shares | The purchase amount, number of shares and period are not disclosed (the company states that it proceeded with share buybacks) |
| New initiatives | Sale of cross-shareholdings, Share Repurchases, Support for the temporary restoration of public roads and consideration of using alternative roads following heavy rains at the Arqueros mine |
Items this document does not state (12)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Revenue increased mainly because domestic selling prices for electrolytic copper rose in the Metals segment (Smelting). Operating profit increased due to foreign exchange effects in the Metals segment (Smelting), higher copper prices and lower production costs in the Metals segment (Mining), and other factors. Ordinary profit was roughly unchanged year on year because of deterioration in equity-method investment gains and losses and the recognition of foreign exchange losses, while net income increased mainly because of higher gains on the sale of shares held.
How to read this page
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