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Financial Results Presentation5016JX Advanced Metals CorporationIron & Steel, Nonferrous Metals

Earnings Presentation Materials for the Fiscal Year Ending March 2026

In FY2025, operating income increased significantly, driven by higher sales volumes of core products and higher copper prices. In FY2026, profit growth is expected from higher sales and improved selling prices in the Focus Business, while profit is expected to decline in the Base Business.

Worth reading
60In 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
625
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial Results PresentationFiscal year ending March 2026, full year12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,846 million+24.0%
Operating profit¥1,750 million+56.0%
Net income¥1,287 million+58.0%
Operating profit margin
Rate19.8 %
Full-year earnings forecast
Net Sales
¥9,300 million
Operating profit (loss)
¥1,900 million
Income before taxes
¥1,780 million
Profit for the period
¥1,400 million
Profit for the period attributable to owners of the parent
¥1,140 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • One-time+¥17.4 billion
  • Foreign exchange rates, copper prices and other factors-¥12.1 billion
  • Volume variance (Focus Business)+¥18.2 billion
  • Volume variance (Base Business)+¥10.8 billion
  • Cost variance and other factors-¥19.3 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign Exchange¥150/USD
LME copper priceAverage 520¢/lb, period-end 520¢/lb
New initiatives
  • Investment to increase semiconductor sputtering target production at the new Hitachinaka plant
  • Investment in Rapidus株式会社
  • Acquisition of a 5% stake in Fireweed Metals Corp.
  • Making Toho Titanium Co., Ltd. a wholly owned subsidiary
  • Tender offer for treasury shares and issuance of CBs totaling approximately ¥250 billion
  • Change to a shareholder return policy based on a consolidated payout ratio of approximately 25%
Key KPIsA metric the company considers important as a management benchmark.
  • Semiconductor target sales volume index121 FY2024 actual = 100
    Year on year against the same period last year+21% equivalent
  • Magnetic material target sales volume index117 FY2024 actual = 100
    Year on year against the same period last year+17% equivalent
  • InP substrate sales volume index128 FY2024 actual = 100
    Year on year against the same period last year+28% equivalent
  • Tantalum powder sales volume index for capacitors161 FY2024 actual = 100
    Year on year against the same period last year+61% equivalent
  • Rolled copper foil sales volume index105 FY2024 actual = 100
    Year on year against the same period last year+5% equivalent
  • Titanium copper sales volume index147 FY2024 actual = 100
    Year on year against the same period last year+47% equivalent
Segment results
Semiconductor Materials
Net Sales
¥1,772 million+20.0%
Operating profit (loss)
¥395 million+48.0%
Information and communications materials
Net Sales
¥3,187 million+20.0%
Operating profit (loss)
¥315 million+25.0%
Basic materials
Net Sales
¥4,079 million+33.0%
Operating profit (loss)
¥1,395 million+87.0%
Financial targets
ROE
Actual results17.1%
Target10% or higher
NET Debt/EBITDA multiple
Actual results1.9 times
TargetBelow 1.5x
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impact of the Middle East crisis-¥7.0 billion
Market Size / Share
Approximately 65% for semiconductor targets, 78% for rolled copper foil
Capital expenditures
¥1,500 100 million investment in the total amount for the new Hitachinaka plant, included therein
Annual Dividend
Annual dividend per share¥31 (FY2026 March actual) / ¥20 (FY2027 March forecast)
Interim and Year-End BreakdownFY2026 March actual: ¥6 interim, ¥25 year-end. FY2027 March forecast: ¥10 interim, ¥10 year-end
Payout ratio
FY2026 March actual: 27%; FY2027 March forecast: 16%. The basic policy is a consolidated payout ratio of approximately 25%, with a total payout ratio of approximately 235% (FY2027 March reference).
Acquisition of treasury shares
Estimated ¥250 billion purchase amount under a tender offer for treasury shares. Period: Not disclosed
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥8,846 million (YoY +24.0%)
Operating profit¥1,750 million (YoY +56.0%)
Net income¥1,287 million (YoY +58.0%)
Operating profit marginRate 19.8 % / Year-on-year change (points) Not disclosed
Full-year earnings forecastNet Sales ¥9,300 million / Operating profit (loss) ¥1,900 million / Income before taxes ¥1,780 million / Profit for the period ¥1,400 million / Profit for the period attributable to owners of the parent ¥1,140 million
Segment resultsSemiconductor Materials Net Sales ¥1,772 million (YoY +20.0%) / Operating profit (loss) ¥395 million (YoY +48.0%) / Information and communications materials Net Sales ¥3,187 million (YoY +20.0%) / Operating profit (loss) ¥315 million (YoY +25.0%) / Basic materials Net Sales ¥4,079 million (YoY +33.0%) / Operating profit (loss) ¥1,395 million (YoY +87.0%)
Breakdown of Factors Affecting the ChangeFactors One-time / Amount +¥17.4 billion, Factors Foreign exchange rates, copper prices and other factors / Amount -¥12.1 billion, Factors Volume variance (Focus Business) / Amount +¥18.2 billion, Factors Volume variance (Base Business) / Amount +¥10.8 billion, Factors Cost variance and other factors / Amount -¥19.3 billion
Key KPIsIndicator name Semiconductor target sales volume index / Value 121 FY2024 actual = 100 / Year on year against the same period last year +21% equivalent, Indicator name Magnetic material target sales volume index / Value 117 FY2024 actual = 100 / Year on year against the same period last year +17% equivalent, Indicator name InP substrate sales volume index / Value 128 FY2024 actual = 100 / Year on year against the same period last year +28% equivalent, Indicator name Tantalum powder sales volume index for capacitors / Value 161 FY2024 actual = 100 / Year on year against the same period last year +61% equivalent, Indicator name Rolled copper foil sales volume index / Value 105 FY2024 actual = 100 / Year on year against the same period last year +5% equivalent, Indicator name Titanium copper sales volume index / Value 147 FY2024 actual = 100 / Year on year against the same period last year +47% equivalent
Assumptions Underlying the Business OutlookForeign Exchange ¥150/USD / LME copper price Average 520¢/lb, period-end 520¢/lb
Risk amount incorporated into the outlookImpact of the Middle East crisis -¥7.0 billion
Financial targetsROE Actual results 17.1% / Target 10% or higher / NET Debt/EBITDA multiple Actual results 1.9 times / Target Below 1.5x
Annual DividendAnnual dividend per share ¥31 (FY2026 March actual) / ¥20 (FY2027 March forecast) / Interim and Year-End Breakdown FY2026 March actual: ¥6 interim, ¥25 year-end. FY2027 March forecast: ¥10 interim, ¥10 year-end
Payout ratioFY2026 March actual: 27%; FY2027 March forecast: 16%. The basic policy is a consolidated payout ratio of approximately 25%, with a total payout ratio of approximately 235% (FY2027 March reference).
Acquisition of treasury sharesEstimated ¥250 billion purchase amount under a tender offer for treasury shares. Period: Not disclosed
Capital expenditures¥1,500 100 million (investment in the total amount for the new Hitachinaka plant, included therein)
Market Size / ShareApproximately 65% for semiconductor targets, 78% for rolled copper foil
New initiativesInvestment to increase semiconductor sputtering target production at the new Hitachinaka plant, Investment in Rapidus株式会社, Acquisition of a 5% stake in Fireweed Metals Corp., Making Toho Titanium Co., Ltd. a wholly owned subsidiary, Tender offer for treasury shares and issuance of CBs totaling approximately ¥250 billion, Change to a shareholder return policy based on a consolidated payout ratio of approximately 25%
Items this document does not state (12)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesMedium-term management plan targetsOrders received and order backlogKey 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.

In FY2025, profit growth was supported by higher sales of core products in the Focus Business, higher copper prices and the reversal of one-off losses recorded in the previous fiscal year. For FY2026, the outlook incorporates expected growth in AI data center-related demand, improved selling prices and higher sales volumes, as well as the ¥7.0 billion impact of the Middle East crisis, the loss of the Caserones contribution, and adverse ore and raw material terms and higher costs.

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Earnings Presentation Materials for the Fiscal Year Ending March 2026 | JX Advanced Metals Corporation (5016) timely disclosure | Komori