Nittetsu Mining Co., Ltd. Second Quarter (Interim) Financial Summary [Japanese GAAP] (Consolidated)

Summary of Results

In the second quarter of the fiscal year ending March 2027, Nittetsu Mining Co., Ltd. reported a substantial increase in net sales year-on-year, while operating income was flat to slightly down, ordinary income declined, and net income increased. By segment, the Metals division notably benefited from higher copper prices, driving revenue growth, although overall profit margins were constrained. Gains on sales of equity holdings contributed to the interim net income increase. The company newly consolidated Nittetsu Mining USA and Wedge Tail Operations, expanding the scope of consolidation to strengthen overseas operations going forward.

Outlook and Dividends

The full-year forecast is revised to net sales of 229,000 million yen (YoY +9.2%) and operating income of 15,800 million yen (YoY -16.1%), with net income attributable to owners of the parent forecast at 14,500 million yen (YoY +3.3%). An interim dividend of 38 yen is planned, with a full-year total of 75 yen, presented on the assumption of the post-stock-split share capital structure at the start of the fiscal year. Strategically, the company aims to strengthen its resources and metals business and leverage integration effects from new subsidiaries to improve cash flows during the period and stabilize the financial profile.