JX Advanced Metals (5016) Q2 2026 earnings summary

Executive summary

• Operating profit for 1H FY2025 rose to ¥70.0 billion, up ¥1.9 billion year-over-year, with strong contributions from focus businesses and one-off gains from asset sales and negative goodwill.

• Net sales for the six months ended September 30, 2025, rose 17.6% year-over-year to ¥396,391 million, with operating profit up 2.8% to ¥70,034 million and profit attributable to owners of parent up 16.9% to ¥42,941 million.

• Revenue for 1H FY2025 increased 18% year-over-year to ¥396.4 billion, driven by a 30% rise in focus business sales and a 4% increase in base businesses.

• Full-year FY2025 operating profit forecast was revised upward by ¥15.0 billion to ¥125.0 billion, reflecting higher sales, updated exchange rates, and copper price assumptions.

• Dividend forecast for FY2025 was raised by ¥3 to ¥21 per share, in line with the profit revision.

Financial highlights

• 1H FY2025 net profit attributable to owners of parent rose 17% year-over-year to ¥42.9 billion.

• Gross profit increased to ¥93,398 million from ¥74,724 million year-over-year.

• Total comprehensive income attributable to owners of parent rose to ¥34,193 million from ¥31,648 million year-over-year.

• Total assets grew to ¥1,317,038 million as of September 30, 2025, up from ¥1,283,002 million at March 31, 2025.

• Equity attributable to owners of parent increased to ¥630,060 million from ¥615,297 million at March 31, 2025.

Outlook and guidance

• FY2025 full-year revenue forecast raised to ¥790.0 billion, up ¥30.0 billion from August guidance.

• Operating profit forecast increased to ¥125.0 billion, with focus businesses expected to contribute ¥62.0 billion and base businesses ¥74.0 billion.

• Profit attributable to owners of parent expected to reach ¥79,000 million, up 15.7% year-over-year.

• Basic earnings per share for the full year projected at ¥85.22.

• Dividend per share for the fiscal year ending March 31, 2026, forecast at ¥109.55, with interim and year-end dividends of ¥18.00 and ¥21.00, respectively.