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Financial results presentation1515Nittetsu Mining Co.,Ltd.Energy Resources

Interim Financial Results Presentation for FY2026 (Fiscal Year Ending March 2027)

Revenue increased in the interim period, with revenue and interim net income attributable to owners of the parent reaching record highs, while operating profit was almost flat and ordinary profit declined. In light of higher copper and other commodity prices and progress in asset sales, the company raised its full-year forecasts for operating profit, ordinary profit and net income, as well as its annual dividend forecast.

Worth reading
76Important
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
18
¥100 million (change in full-year operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationSecond quarter (interim period) of the fiscal year ending March 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥113,293 million+21.7%
Operating profit¥8,520 million-0.8%
Ordinary income¥8,550 million-10.6%
Net income¥7,608 million+14.9%
Results for the three months of the current quarter
Net Sales
Second quarter of FY2026¥55,887 million
Operating profit
Second quarter of FY2026¥3,432 million
Full-year earnings forecast
Net Sales
¥2,290 100 million
Operating profit
¥158 100 million
Ordinary income
¥148 100 million
Profit attributable to owners of the parent
¥145 100 million
Earnings per share
187.07 Yen
Copper prices
620 ￠/lb
Exchange rate
¥155 /US$
Dividend per share
75 Yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating income
Copper price and assumptions18
Foreign exchange3
Volume-21
Price and mix22
Depreciation and amortization1
Other costs, etc.-23
Adjustments0
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Copper price from the third quarter onward¥620 100 million
Exchange rate from the third quarter onward¥155 100 million
Sales impact from a 10¢/lb increase in copper prices¥8.6 100 million
Operating income impact from a 10¢/lb increase in copper prices¥1.2 100 million
Sales impact from a ¥5 depreciation of the yen against the U.S. dollar¥15.1 100 million
Operating income impact from a ¥5 depreciation of the yen against the U.S. dollar¥0.6 100 million
New initiatives
  • Plant equipment testing and integrated testing ahead of the start of production at the Arqueros Mine
  • Agreement to enter the Costa de Cobre copper exploration project in Peru
  • Joint venture agreement for the Puquios copper mine development project
  • Investment in and exploration of the Oracle Ridge copper exploration project
Key KPIsA metric the company considers important as a management benchmark.
  • Copper prices622.44 ￠/lb
    Year on year against the same period last year+184.5%
  • Exchange rate¥159.37 /US$
    Year on year against the same period last year+13.3%
  • Limestone sales volume10,525 thousand tonnes
    Year on year against the same period last year-481.0%
  • Electrolytic copper sales volume21,311 t
    Year on year against the same period last year-2,075.0%
  • Copper concentrate production volume16,423 t
    Year on year against the same period last year-2,810.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales or production volumes of limestone, electrolytic copper and copper concentrate, together with sales by product category
Segment results
Resources business: Ores segment
Net Sales
¥34,174 million+4.1%
Operating profit
¥3,961 million-12.7%
Resources business: Metals segment
Net Sales
¥68,329 million+42.0%
Operating profit
¥3,458 million+196.8%
Machinery and Environmental Business
Net Sales
¥8,457 million+8.5%
Operating profit
¥923 million-12.1%
Real Estate Business
Net Sales
¥1,363 million-58.9%
Operating profit
¥900 million-64.6%
Renewable Energy Business
Net Sales
¥969 million-2.7%
Operating profit
¥395 million-8.6%
Medium-term management plan targets
Consolidated dividend payout ratio during the 3rd medium-term management plan periodTargeting 40%
Dividend floor¥34 per share
Annual Dividend
¥75 /share
Payout ratio
Targeting a consolidated dividend payout ratio of 40%
Acquisition of treasury shares
Past share buybacks are mentioned, but the acquisition limit for this transaction is Not disclosed
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2026
Net Sales¥113,293 million (YoY +21.7%)
Operating profit¥8,520 million (YoY -0.8%)
Ordinary income¥8,550 million (YoY -10.6%)
Net income¥7,608 million (YoY +14.9%)
Results for the three months of the current quarterNet Sales Second quarter of FY2026 ¥55,887 million / Operating profit Second quarter of FY2026 ¥3,432 million
Full-year earnings forecastNet Sales ¥2,290 100 million / Operating profit ¥158 100 million / Ordinary income ¥148 100 million / Profit attributable to owners of the parent ¥145 100 million / Earnings per share 187.07 Yen / Copper prices 620 ￠/lb / Exchange rate ¥155 /US$ / Dividend per share 75 Yen
Segment resultsResources business: Ores segment Net Sales ¥34,174 million (YoY +4.1%) / Operating profit ¥3,961 million (YoY -12.7%) / Resources business: Metals segment Net Sales ¥68,329 million (YoY +42.0%) / Operating profit ¥3,458 million (YoY +196.8%) / Machinery and Environmental Business Net Sales ¥8,457 million (YoY +8.5%) / Operating profit ¥923 million (YoY -12.1%) / Real Estate Business Net Sales ¥1,363 million (YoY -58.9%) / Operating profit ¥900 million (YoY -64.6%) / Renewable Energy Business Net Sales ¥969 million (YoY -2.7%) / Operating profit ¥395 million (YoY -8.6%)
Breakdown of Factors Affecting the ChangeChange in operating income Copper price and assumptions 18 / Foreign exchange 3 / Volume -21 / Price and mix 22 / Depreciation and amortization 1 / Other costs, etc. -23 / Adjustments 0
Key KPIsIndicator name Copper prices / Value 622.44 ￠/lb / Year on year against the same period last year 184.48 ￠/lb, Indicator name Exchange rate / Value ¥159.37 /US$ / Year on year against the same period last year ¥13.33 /US$, Indicator name Limestone sales volume / Value 10,525 thousand tonnes / Year on year against the same period last year -481 thousand tonnes, Indicator name Electrolytic copper sales volume / Value 21,311 t / Year on year against the same period last year -2,075 t, Indicator name Copper concentrate production volume / Value 16,423 t / Year on year against the same period last year -2,810 t
Unit price and quantity metricsSales or production volumes of limestone, electrolytic copper and copper concentrate, together with sales by product category
Assumptions Underlying the Business OutlookCopper price from the third quarter onward ¥620 100 million / Exchange rate from the third quarter onward ¥155 100 million / Sales impact from a 10¢/lb increase in copper prices ¥8.6 100 million / Operating income impact from a 10¢/lb increase in copper prices ¥1.2 100 million / Sales impact from a ¥5 depreciation of the yen against the U.S. dollar ¥15.1 100 million / Operating income impact from a ¥5 depreciation of the yen against the U.S. dollar ¥0.6 100 million
Medium-term management plan targetsConsolidated dividend payout ratio during the 3rd medium-term management plan period Targeting 40% / Dividend floor ¥34 per share
Annual Dividend¥75 /share
Payout ratioTargeting a consolidated dividend payout ratio of 40%
Acquisition of treasury sharesPast share buybacks are mentioned, but the acquisition limit for this transaction is Not disclosed
New initiativesPlant equipment testing and integrated testing ahead of the start of production at the Arqueros Mine, Agreement to enter the Costa de Cobre copper exploration project in Peru, Joint venture agreement for the Puquios copper mine development project, Investment in and exploration of the Oracle Ridge copper exploration project
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber 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.

Operating profit and ordinary profit forecasts were raised because strong interim-period progress and higher metal and by-product prices, particularly copper, are expected to offset the adverse impact of the delayed start of operations at the Arqueros Mine. Net income and the dividend forecast were raised due to increased gains from, and an acceleration of, sales of cross-shareholdings.

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Interim Financial Results Presentation for FY2026 (Fiscal Year Ending March 2027) | Nittetsu Mining Co.,Ltd. (1515) timely disclosure | Komori