Revised forecast
Fiscal year ending March 2027 · Full yearPrevious forecast published 13 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Although copper prices and other factors increased in the Metals segment, net sales are expected to fall below the previous forecast due to lower sales of electrolytic copper, resulting from reduced production at the Japan-Philippines joint smelter, and the delayed start of operations at the Arqueros mine. Operating profit is expected to exceed the previous forecast because the impact of higher copper prices at the Atacama mine and improved by-product revenue from smelting are expected to exceed assumptions. Ordinary profit and profit attributable to owners of the parent are expected to exceed the previous forecast due to lower interest payments associated with the delayed start of operations at the Arqueros mine and other factors.
| Item | Details |
|---|---|
| Net Sales | ¥232,500 million → ¥229,000 million（-1.5%） |
| Operating profit | ¥14,000 million → ¥15,800 million（+12.9%） |
| Ordinary income | ¥11,500 million → ¥14,800 million（+28.7%） |
| Profit attributable to owners of the parent | ¥12,000 million → ¥14,500 million（+20.8%） |
| Net income per share | 152.51 Yen → 187.07 Yen |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Full year |
| Publication date of previous forecast | 13 May 2026 |
| Previous-period results | Fiscal year ended March 2026: net sales ¥209,717 million, operating profit ¥18,826 million, ordinary profit ¥20,221 million, profit attributable to owners of the parent ¥14,033 million, earnings per share ¥178.37 |
| Reason for the revision | Although copper prices and other factors increased in the Metals segment, net sales are expected to fall below the previous forecast due to lower sales of electrolytic copper, resulting from reduced production at the Japan-Philippines joint smelter, and the delayed start of operations at the Arqueros mine. Operating profit is expected to exceed the previous forecast because the impact of higher copper prices at the Atacama mine and improved by-product revenue from smelting are expected to exceed assumptions. Ordinary profit and profit attributable to owners of the parent are expected to exceed the previous forecast due to lower interest payments associated with the delayed start of operations at the Arqueros mine and other factors. |
| Dividend forecast revision | The interim dividend was increased to ¥38 from the previous forecast of ¥31. The year-end dividend forecast was increased to ¥37 from the previous forecast of ¥31, and the annual dividend forecast was revised to ¥75 from ¥62. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Higher copper prices and improved by-product revenue from smelting are expected to boost profit, while lower sales of electrolytic copper, reduced production at the Japan-Philippines joint smelter, and the delayed start of operations at the Arqueros mine are expected to weigh on net sales. Ordinary profit and net profit are expected to exceed the previous forecast due to lower interest payments associated with the delayed start of operations at the Arqueros mine and other factors.