Nittetsu Mining (1515) Q2 2025 earnings summary

Executive summary

• Net sales rose 15.7% year-over-year to ¥95,291 million for the six months ended September 30, 2024, driven by price hikes in both nonmetallic and metallic minerals.

• Operating profit decreased 18.8% year-over-year to ¥5,337 million, mainly due to negative foreign exchange impacts in the metallic minerals segment.

• Profit attributable to owners of parent increased 23.4% year-over-year to ¥5,727 million, supported by gains on sales of investment securities and fire insurance receipts.

• Dividend per share was revised upward from 161 JPY to 181 JPY, reflecting improved profit forecasts.

• Comprehensive income declined 22.4% year-over-year to ¥7,719 million.

Financial highlights

• Gross profit was ¥17,398 million, up slightly from ¥17,251 million year-over-year.

• Earnings per share increased to ¥344.31 from ¥278.96 year-over-year.

• Total assets grew to ¥233,443 million as of September 30, 2024, up from ¥229,577 million at the previous fiscal year-end.

• Net assets increased to ¥156,562 million, with a capital adequacy ratio of 62.4%.

• Cash and cash equivalents at period-end were ¥30,249 million, down from ¥38,085 million a year earlier.

Outlook and guidance

• Full-year sales forecast revised up to ¥190,000 million, operating profit to ¥8,500 million, and EPS to ¥450.84.

• Dividend per share forecast raised to 181 JPY.

• Sensitivity analysis: a 10¢/lb rise in copper price or 5 JPY/USD depreciation would each add to sales and OP.