Mitsubishi Materials (5711) Q3 2025 earnings summary

Executive summary

• Net sales for Q1-3 FYE March 2025 rose 37% year-over-year to ¥1,483.6–1,483.7 billion, driven by higher copper prices, yen depreciation, and strong Metals and Renewable Energy segments.

• Operating profit increased 109.6–110% year-over-year to ¥32.2–32.3 billion, mainly from improved metal recoveries, currency effects, and segment gains.

• Ordinary profit grew 30% year-over-year to ¥56.8 billion, with higher equity-method investment profit offsetting lower mine dividends.

• Profit attributable to owners of parent nearly doubled year-over-year to ¥49.1–49.2 billion, aided by a gain from PT. Smelting's conversion to an equity-method affiliate.

• The business environment benefited from recovering semiconductor demand, higher copper prices, and yen depreciation, though automotive demand remained sluggish.

Financial highlights

• Net sales: ¥1,483.6–1,483.7 billion (up 37–37.2% year-over-year).

• Operating profit: ¥32.2–32.3 billion (up 109.6–110% year-over-year).

• Ordinary profit: ¥56.8 billion (up 30.2% year-over-year).

• Profit attributable to owners of parent: ¥49.1–49.2 billion (up 99.9% year-over-year).

• EPS for the nine months was ¥376.37, up from ¥188.31 year-over-year.

Outlook and guidance

• Full-year net sales forecast raised to ¥1,980.0 billion (+¥30.0 billion from previous forecast) due to higher copper prices and yen depreciation.

• Operating profit, ordinary profit, and profit attributable to owners of parent forecasts revised down due to weak automotive demand and impairment losses; profit attributable to owners of parent now expected at ¥37.0 billion.

• Dividend forecast maintained at ¥100 per share (¥50 interim, ¥50 year-end).

• Compared to the previous fiscal year, both sales and profit are expected to increase.