JX Advanced Metals (5016) Q4 2025 earnings summary

Executive summary

• FY2024 revenue was 714.9 billion yen, a 53% decrease year-over-year due to portfolio transformation and deconsolidation, while focus businesses grew 33% to 413.1 billion yen, driven by AI-related demand.

• Operating profit rose 31% to 112.5 billion yen, but net profit declined 29% to 81.4 billion yen, mainly from lower base business contributions and one-time items.

• Comprehensive income attributable to owners of parent decreased to 67.7 billion yen from 115.0 billion yen year-over-year.

Financial highlights

• FY2024 operating profit: 112.5 billion yen (+31% YoY); net profit: 81.4 billion yen (−29%); gross profit: 157.0 billion yen (down from 173.4 billion yen YoY).

• Focus businesses revenue: 413.1 billion yen (+33%); base businesses: 306.5 billion yen (−75%).

• Basic and diluted EPS dropped to 73.53 yen from 110.53 yen year-over-year.

• Cash and cash equivalents at period end increased to 58.3 billion yen from 36.8 billion yen.

• Net cash from operating activities surged to 215.4 billion yen from 38.4 billion yen year-over-year.

Outlook and guidance

• FY2025 revenue forecast: 740.0 billion yen (+4% YoY); operating profit: 95.0 billion yen (−16%); net profit: 58.0 billion yen (−15%).

• Focus businesses expected to grow 11% in revenue, but operating profit to remain flat due to U.S. tariffs and macroeconomic headwinds.

• Base businesses forecast to decline 9% in revenue and 28% in operating profit, reflecting yen appreciation and lower copper prices.

• Dividend forecast for FY2025 is 15.0 yen per share.