Fiscal 2026 Q2 Earnings Presentation

Overview of Results

Mitsui Kinzoku reported first-half fiscal 2026 results showing revenue of 4,311 hundred million yen, operating income of 575 hundred million yen, and ordinary income of 609 hundred million yen. Revenue increased year-over-year, and both operating and ordinary income rose. Increased sales volumes of copper foil products such as MicroThin and VSP in the Functional Materials segment and a favorable change in inventory factors contributed to the results. However, net income is expected to deteriorate due to the posting of a special loss associated with changes to the retirement benefit plan. The full-year forecast expects continued profit growth compared with the previous forecast, but attention will be paid to second-half inventory trends and the impact of resource prices.

Outlook and Capital Investment

The company has decided to build a new copper foil plant in Malaysia (approx. 1,900 hundred million yen: land approx. 140 hundred million yen, buildings approx. 320 hundred million yen, production equipment, etc. approx. 1,440 hundred million yen). Start of operations will be phased from April 2031. Strengthening production capacity for core copper foil products is expected to significantly expand operating income in fiscal 2030 and fiscal 2033 (3.2x and 5.5x compared with fiscal 2025, respectively).