Nittetsu Mining (1515) Q4 2025 earnings summary

Executive summary

• Net sales for FY24 rose 17.9% year-over-year to 196.7 billion JPY, but operating profit declined due to FX headwinds and lower volumes in Metallic Minerals, partially offset by gains in Nonmetallic Minerals and Machinery & Environmental Engineering.

• Profit attributable to owners of parent increased 36.6% year-over-year to 9.0 billion JPY, driven by gains on sale of investment securities and insurance receipts, resulting in higher dividends.

• Comprehensive income declined 37.5% year-over-year to 9.4 billion JPY.

• A new policy to accelerate reduction of cross-shareholdings was implemented, targeting sales of over 10 billion JPY for FY25-27.

Financial highlights

• Net sales rose to 196.7 billion JPY in FY24, up 29.8 billion JPY year-over-year.

• Operating profit decreased by 0.9 billion JPY to 10.2 billion JPY.

• Ordinary profit fell by 0.6 billion JPY to 11.4 billion JPY.

• Dividend per share rose from 169.00 JPY to 224.00 JPY, with a payout ratio of 41.0%.

• Earnings per share rose to 546.74 JPY from 396.88 JPY year-over-year.

Outlook and guidance

• FY25 forecasts project net sales of 176.0 billion JPY and operating profit of 9.1 billion JPY, both declining year-over-year.

• Profit attributable to owners of parent is expected to decrease to 7.2 billion JPY, with EPS forecasted at 457.57 JPY.

• Nonmetallic Minerals sales are expected to rise, while Metallic Minerals sales and profits are forecast to decline due to lower copper prices, volumes, and negative FX impacts.

• Real Estate segment is expected to see increased profit from property sales.