Fiscal Year 2025 (Fiscal Year Ending March 2026) Q3 Financial Results Presentation

Overview of Performance

In FY2025 Q3 (April–December), net sales were 151 billion yen, up 5.3 billion yen year-over-year. The increase was driven by higher selling prices of limestone and other materials in the ore segment, rising copper prices in the metals segment (mining), and increased sales from real estate properties. Operating income was 13.4 billion yen, ordinary income was 14.2 billion yen, and net income attributable to owners of parent was 9.2 billion yen, all showing year-over-year growth. Copper price rose to 459.81¢/lb, up 34.45¢, while the exchange rate was 148.74 yen/USD, reflecting a 3.83 yen appreciation of the yen.

Performance by Segment

The ore segment posted net sales of 50.6 billion yen and operating income of 6.7 billion yen, achieving both revenue and income growth. The metals segment recorded net sales of 83.1 billion yen, a slight decrease, but operating income increased to 3.3 billion yen. Machinery and Environment business had net sales of 11.8 billion yen and operating income of 1.5 billion yen, steady compared to the previous year. Real estate business achieved net sales of 4 billion yen and operating income of 2.9 billion yen, both increasing due to property sales. The renewable energy business also saw income growth with net sales of 1.4 billion yen and operating income of 0.5 billion yen.

Revision of Consolidated Earnings Forecast

The consolidated earnings forecast for FY2025 was revised upward to net sales of 205 billion yen (up 9 billion yen from previous forecast), operating income of 16.5 billion yen (up 2.6 billion yen), ordinary income of 16.7 billion yen (up 2.5 billion yen), and net income attributable to owners of parent of 10.5 billion yen (up 1 billion yen). The revision reflects increased copper prices, improved sales premiums, and rising copper prices at the Atacama mine. The dividend per share was also raised to 53.40 yen.