Mitsui Mining & Smelting (5706) Investor presentation summary

Strategic vision and business plan

• Aims to enhance sustainable corporate value by 2030 through integrated thinking and balancing social and financial value.

• Focuses on ambidexterity: promoting both exploration (new business creation) and exploitation (expanding existing businesses).

• Dynamic portfolio management and capital cost awareness are emphasized to further boost corporate value.

Financial performance and targets

• Market cap reached ¥1.6 trillion by Q4 FY2025, reflecting dynamic portfolio management and growth market valuations.

• Ordinary income has steadily improved, targeting ¥150 billion by FY2030.

• Free cash flow goal of ¥84 billion and ROE/ROIC of 15%+ by 2030.

• Engineered Materials Sector expected to drive sustainable growth; Metals Sector maintains stable profits.

Investment and shareholder returns

• Growth investments for 2025-2027 to increase by 1.5x over previous plans, prioritizing new business areas and M&A.

• Progressive dividend policy with DOE target of ~3.5%; share buybacks under consideration.