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Nittetsu Mining (1515) investor relations material
Nittetsu Mining Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 net sales rose 21.7% YoY to ¥113,293 million; operating profit edged down to ¥8,520 million, while profit attributable to owners rose 14.9% to ¥7,608 million.
Stronger copper prices and metallic-minerals performance were offset by lower volumes, weaker subsidiary profit, and the prior-year real-estate gain.
Full-year profit and dividend forecasts were raised on first-half progress, market conditions, and accelerated cross-shareholding sales.
Financial highlights
H1 net sales were ¥113,293 million versus ¥93,074 million; gross profit was ¥22,221 million versus ¥20,753 million.
Operating profit was ¥8,520 million versus ¥8,585 million; profit attributable to owners was ¥7,608 million versus ¥6,624 million.
Ordinary profit was ¥9,566 million versus ¥8,550 million; comprehensive income rose to ¥16,383 million from ¥8,687 million.
H1 average copper price was 622.44¢/lb versus 437.96¢/lb; average exchange rate was ¥159.37/$ versus ¥146.04/$.
Outlook and guidance
FY2027 forecast: net sales ¥229.0bn, operating profit ¥15.8bn, ordinary profit ¥14.8bn, profit attributable to owners ¥14.5bn, and EPS ¥187.07.
Annual dividend forecast rose to ¥75/share from ¥62/share, comprising ¥38 interim and ¥37 year-end.
FY2027 2H assumptions: copper at 620¢/lb and FX at ¥155/$; higher prices are expected to offset part of the impact from delayed Arqueros production commencement.
Revised segment operating-profit forecasts: Metallic Minerals ¥7.9bn, Nonmetallic Minerals ¥7.4bn, and Machinery & Environmental Engineering ¥1.8bn.
- Profits and sales surged on higher mineral prices and insurance gains, but full-year outlook is cautious.1515
Q1 2025 - Net sales up 15.7%, OP down 18.8% on FX; profit and dividend forecasts raised.1515
Q2 2025 - Sales and profits rose, with higher dividends, new dividend floor, and share buyback announced.1515
Q3 2025 - Net sales rose 17.9% but profits fell; FY25 outlook projects further declines and capital efficiency focus.1515
Q4 2025 - Operating profit fell on FX and price pressures, but strong full-year growth is forecast.1515
Q1 2026 - Operating profit jumped 60.9% year-over-year despite lower sales, with forecasts revised up.1515
Q2 2026 - Record sales and profits, higher outlook, and increased liabilities after a share split.1515
Q3 2026 - Profits hit record highs, but next year’s profits are forecast to decline despite higher sales.1515
Q4 2026 - Q1 profit and sales surged, aided by copper prices, FX, new subsidiaries, and a share split.1515
Q1 2027
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