Sumitomo Metal Mining (5713) Q3 2026 earnings summary

Executive summary

• Profit growth driven by higher copper and gold prices, increased production at Quebrada Blanca and Cote mines, and yen depreciation.

• Net sales for the nine months ended December 31, 2025, increased by 4.9% year-over-year to ¥1,250,721 million, with significant profit growth across all metrics.

• Profit attributable to owners of parent rose 306.3% year-over-year to ¥99,782 million for the nine-month period.

• Revised financial and shareholder return policies, raising DOE to 3.5% and updating dividend forecasts.

• Focus on stable operations, productivity improvements, and monitoring global economic trends.

Financial highlights

• Net sales for FY2025 1-3Q rose to ¥1,250.7B, up ¥57.9B year-over-year.

• Gross profit surged 176% to ¥172.0B; net income increased 265.5% to ¥108.2B.

• Profit before tax for the nine months ended December 31, 2025, surged 383.0% year-over-year to ¥114,819 million.

• Basic earnings per share for the nine months ended December 31, 2025, was ¥398.21, up from ¥107.77 in the prior year.

• Total assets as of December 31, 2025, were ¥3,255,688 million, with equity attributable to owners of parent at ¥2,105,290 million.

Outlook and guidance

• Full-year net sales forecast for the year ending March 31, 2026, is ¥1,697,000 million, up 6.5% year-over-year.

• Profit attributable to owners of parent is projected at ¥140,000 million, a 749.2% increase year-over-year.

• Basic earnings per share for the full year is forecast at ¥515.83.

• Dividend per share forecast for the year ending March 31, 2026, is ¥183.00, revised upward.

• Continued focus on growth investments balanced with shareholder returns.