Sumitomo Metal Mining (5713) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 9.9% year-over-year to ¥1,192.8 billion, driven by higher copper and gold prices and yen depreciation, despite a challenging environment for nickel and battery materials.

• Profit before tax fell 44.9% year-over-year to ¥48.1 billion, mainly due to significant impairment losses at Coral Bay Nickel Corporation and lower nickel prices.

• Profit attributable to owners of parent dropped 49.2% year-over-year to ¥29.6 billion.

Financial highlights

• Gross profit for the nine months was ¥62.3 billion, down from ¥121.4 billion year-over-year.

• Basic and diluted EPS for the period were ¥107.77, down from ¥212.28 in the prior year.

• Comprehensive income attributable to owners of parent was ¥20.9 billion, a sharp decline from ¥205.4 billion year-over-year.

Outlook and guidance

• Full-year net sales forecast revised to ¥1,573.0 billion, up 8.8% year-over-year.

• Profit before tax projected at ¥58.0 billion (down 39.5%), profit attributable to owners of parent at ¥31.0 billion (down 47.1%).

• Dividend forecast for the year ending March 31, 2025, revised to ¥104.00 per share.