JX Advanced Metals (5016) Q1 2026 earnings summary

Executive summary

• Operating profit for FY2025 1Q rose to 29.6 bil. yen, up 22% year-over-year, driven by increased sales in Focus Businesses, especially AI server-related products.

• Revenue increased 12% year-over-year to 191.3 bil. yen, with Focus Businesses up 30% and Base Businesses down 7%.

• Profit attributable to owners of parent rose 28% to 18.9 bil. yen; basic EPS increased to 20.35 yen.

• Comprehensive income dropped to 12.6 bil. yen from 41.7 bil. yen year-over-year, mainly due to negative exchange differences.

• Dividend forecast increased to 18 yen/share, up 3 yen from previous guidance.

Financial highlights

• Net profit for FY2025 1Q was 23.2 bil. yen, up 33% year-over-year.

• Cash flows from operating activities for FY2025 1Q were 14.8 bil. yen; free cash flow was negative at -8.2 bil. yen.

• Net interest-bearing debt increased to 268.0 bil. yen as of June 30, 2025.

• CAPEX for FY2025 1Q was 22.7 bil. yen, with a full-year forecast reduction from 103.0 to 94.0 bil. yen.

• Total assets stood at 1,276.6 bil. yen and total equity at 704.6 bil. yen as of June 30, 2025.

Outlook and guidance

• FY2025 full-year revenue forecast raised to 760.0 bil. yen (+6.3%), with operating profit forecast at 110.0 bil. yen.

• Net profit forecast for FY2025 increased to 87.0 bil. yen (+23% from previous guidance).

• Dividend payout ratio maintained at 24%, with policy to return part of profit overshoots to shareholders.

• Basic EPS forecast at 75.49 yen for the full year.

• Dividend forecast revised to 18.00 yen per share for the fiscal year ending March 31, 2026.