Resource business turns from a loss to a profit

「As part of the business revitalization plan currently under way, the company completed its withdrawal from the Resources business during the current consolidated fiscal year, having decided to exit the business in the previous consolidated fiscal year.」

「Accordingly, from the current consolidated fiscal year, we have discontinued the “Resources” segment as a reportable segment.」

「In the Resources segment, the loss recorded in the previous fiscal year was eliminated and the segment became profitable in the current fiscal year.」

「During the period, production and sales increased as yields improved year on year, while the impairment loss recognized on property, plant and equipment following the decision to close the mine in November 2023 reduced depreciation expenses for the period, resulting in operating income.」

「The ordinary loss was ¥13.182 billion, a ¥11.574 billion year-on-year decline in profit.」

「The Resources segment reported a ¥4.6 billion year-on-year decline in profit, as the Australian Rasp mine posted a ¥2.2 billion decline due partly to lower ore grades, while the Australian Abra mine, which began full-scale operations during the period, also recorded a ¥2.6 billion equity-method investment loss due to unstable operations during the initial start-up phase.」

「The Resources segment also reported a ¥1.8 billion year-on-year decline in profit, partly because the Australian Rasp mine experienced lower ore grades.」

「For these reasons, revenue and profit declined year on year during the quarter, resulting in an ordinary loss of ¥2.4 billion.」

「In terms of earnings, sales declined due to lower concentrate production at the Rasp mine, while surging energy and other material prices also contributed, resulting in an operating loss of ¥1,344 million.」

「In addition, operating income turned into a loss due to lower production resulting from declining ore grades and the associated deterioration in productivity.」

「Although ore sales declined, revenue increased slightly year on year due to higher metal prices and a weaker Australian dollar. Operating profit, however, declined due to lower production resulting from deteriorating ore grades and worsening ore sales terms.」

「Although revenue declined due to the timing of concentrate shipments, profit increased because of lower manufacturing costs resulting from improved ore grades, higher metal prices, and a weaker Australian dollar.」

「Operating profit was ¥1,535 million, an increase of ¥2,971 million from the previous fiscal year, representing a return to profitability.」

「Despite efforts to contain market risk, revenue increased and operating profit rose, partly due to higher metal prices, resulting in a return to profitability.」

「Although production declined year on year following the shift to reduced production operations at the Rasp mine in Australia from the third quarter of 2020, revenue increased and operating profit rose, resulting in a return to profitability, due to improved unit manufacturing costs from higher ore grades and higher metal prices.」

「Revenue increased and operating profit rose, partly due to higher metal prices year on year, resulting in a return to profitability.」

「In terms of earnings for the fiscal year, operating profit was an operating loss of ¥1,436 million, as the operating loss at the Endeavor mine was eliminated, representing a ¥4,008 million year-on-year reduction in the loss.」

「In terms of earnings, although CBH’s Rasp mine recorded lower concentrate production due to lower production and declining ore grades year on year, the loss narrowed year on year because costs incurred before the suspension of the Endeavor mine no longer arose in the current fiscal year and the adjustment for the difference in fiscal year-ends had a positive effect.」

「In terms of earnings, although CBH’s Rasp mine recorded lower profit due to the impact of metal prices, the loss declined year on year because costs incurred before the suspension of the Endeavor mine no longer arose in the current fiscal year and the adjustment for the difference in fiscal year-ends had a positive effect.」

「The resources business also posted a loss in fiscal 2019.」

「As metal prices fell sharply, comparing the January–September periods, revenue declined year on year due to lower shipments resulting from planned production cuts at the Endeavor mine and deterioration in the ore purchasing terms for the mine, among other factors. For the same reasons, profit declined by ¥3.3 billion year on year, resulting in an operating loss of ¥2.1 billion.」

「The resources business also recorded a substantial year-on-year decline in consolidated revenue, partly due to reduced production at the Endeavor mine. Earnings were also significantly affected by deteriorating metal prices, resulting in a ¥2.9 billion year-on-year decline in profit.」

「The resources business also recorded a ¥700 million decline in profit, mainly due to market conditions.」

「The resources business recorded lower profit, mainly due to higher mining costs resulting from deteriorating productivity at the Endeavor mine and the adjustment for the difference in CBH’s fiscal year-end,」

「Operating profit 5,310 1,218 △4,091 ( △77 )」

「The business segment that includes CBH recorded lower revenue and profit year on year, partly due to lower sales and higher mining costs resulting from deteriorating productivity.」

「The business segment that includes CBH increased production year on year, partly because production was being reduced according to plan in the same period of the previous year. Metal prices were also higher year on year. As a result, revenue increased year on year, as did operating profit.」

「The business segment that includes CBH recorded a substantial year-on-year increase in revenue and profit, driven by higher metal prices and the significant impact of increased production following the lifting of production cuts at CBH’s Endeavor mine.」

「The business segment that includes CBH recorded higher revenue and profit year on year, despite such factors as preparatory costs recognized in connection with the lifting of production cuts at the Endeavor mine and the resulting preparation for increased production. The impact of higher metal prices was substantial.」

「The business segment that includes CBH recorded higher revenue, partly due to higher metal prices. Operating profit, however, declined year on year because although CBH performed well, with operating profit up by just under ¥600 million year on year to just under ¥700 million, the adjustment for the difference in fiscal year-ends, as CBH closes its books in December, had a substantial negative impact.」

「Operating profit turned positive at ¥1,985 million, partly due to the reduced depreciation burden following the impairment of the mine carried out in the previous fiscal year and higher metal prices.」

「Operating profit turned positive, partly due to the reduced depreciation burden following the impairment of the mine carried out in the previous fiscal year, improved productivity at the Rasp mine, and improved sales conditions.」

「Operating profit turned positive, partly due to the reduced depreciation burden following the impairment of the mine carried out in the previous fiscal year, improved productivity at the Rasp mine, and improved sales conditions.」

「The resources segment turned profitable, partly due to the reduced depreciation burden following the impairment of the mine carried out in the previous fiscal year.」

「In the resources business segment, we will work to turn the business from loss-making to profitable by meeting production targets and pursuing cost reductions.」