JX Advanced Metals Corporation · TSE:5016
JX Advanced Metals — FY2026 1H Earnings Presentation
35 slides from JX Advanced Metals's earnings presentation, Nov 9, 2026
Slide 1: FY2026 2Q Financial Results Presentation Materials
FY2026 2Q (Fiscal Year Ending March 31, 2027) Financial Results Presentation Materials November 9, 2026
Slide 2: Table of Contents
Table of Contents 1 Highlights 2 FY2026 1H (Fiscal year ending March 31, 2027) Results 3 FY2026 (Fiscal year ending March 31, 2027) Forecasts 4 Appendix Copyright © 2026, JX Advanced Metals Corporation, All rights reserved. 2
Slide 3: Highlights
◼ Highlights Copyright © 2026, JX Advanced Metals Corporation, All rights reserved. 3
Slide 4: Highlights – FY2026 1H Results and FY2026 Forecasts
Highlights – FY2026 1H Results and FY2026 Forecasts Focus Businesses and the Semiconductor Materials Segment are expected to deliver profit levels above the Operating Profit average analyst forecast*, supported by continued demand growth If the copper price remains at 650 ¢/lb from Oct. FY2026 1H Re
Slide 5: Highlights – Sales Volume Growth Rate
Highlights – Sales Volume Growth Rate FY2026 1H Results FY2026 Full-year Forecasts (FY2025 1H FY2026 1H) (FY2025 Results FY2026 Forecasts) in August in November Sputtering ＋27% ＋21% ＋24% Thin Film Materials targets for SEMI Semiconductor Materials Revised upward Sputtering targets for magnetic devic
Slide 6: Highlights – Capacity Increase
Highlights – Capacity Increase ✓ Continuing to expand production capacity to meet growing demand, particularly for AI data center applications 2Q Update Expansion Scale Business (Production Capacity Segment Product vs. FY2025) Start of Operations Rationale for Expansion Growing demand for leading-ed
Slide 7: Highlights – Supply Chain Reinforcement
Highlights – Supply Chain Reinforcement Continuing initiatives in Base Business including investments and joint studies to reinforce supply chains for raw materials required by Focus Businesses (): target elements and fiscal year Released in 2Q Focus Businesses Elements handled at Isohara Works of a
Slide 8: Capital and Business Alliance with a Listed Company in Related Fields
Highlights - Capital and Business Alliance with a Listed Company in Related Fields Semiconductor Materials Metals & Recycling Capital and Business Alliance with OXIDE, Capital and Business Alliance between JX Metals Circular a Leading Company in the Photonics Field Solutions (JXCS) and Renet Japan G
Slide 9: FY2026 1H Results
◼ FY2026 (Fiscal year ending March 31, 2027) 1H Results Copyright © 2026, JX Advanced Metals Corporation, All rights reserved. 9
Slide 10: Consolidated Statement of Income
Consolidated Statement of Income FY2025 FY2026 Difference bil. yen 1H Results 1H Results Absolute % Revenue 396.4 531.5 ＋ 135.1 ＋ 34% (Focus Businesses) 238.8 300.9 ＋62.1 ＋26% (Base Businesses) 161.0 250.4 ＋89.4 ＋56% (Other) -3.4 -19.8 - 16.4 ー Operating profit 70.0 150.8 ＋ 80.8 ＋ 115% (Focus Busine
Slide 11: Revenue and Operating Profit by Business Segment
Revenue and Operating Profit by Business Segment Difference in Operating Profit (bil.yen) FY2025 FY2026 Difference ＋17.0 ＋58.3 150.8 bil. yen 1H Results 1H Results Absolute % Gain from partial sale of - 8.9 - 4.7 Caserones interest +19.0 Focus Revenue 83.1 110.9 ＋27.8 ＋33% Lower mine production -8.0
Slide 12: Operating Profit Analysis: Semiconductor Materials Segment
Analysis of Difference in Operating Profit: Semiconductor Materials Segment (FY2026 1H Results vs. FY2025 1H Results) Analysis of Difference in Operating Profit Segment Overview ⁻ OP increased due to continued sales growth (bil. yen) ＋3.4 36.1 Thin Film in main products driven by expanding AI data M
Slide 13: Operating Profit Analysis: ICT Materials Segment
Analysis of Difference in Operating Profit: ICT Materials Segment (FY2026 1H Results vs. FY2025 1H Results) Analysis of Difference in Operating Profit Segment Overview (bil. yen) ⁻ OP increased due to sales growth Functional supported by solid smartphone-related ＋2.0 26.1 demand and expanding AI dat
Slide 14: Operating Profit Analysis: Metals & Recycling Segment
Analysis of Difference in Operating Profit: Metals & Recycling Segment (FY2026 1H Results vs. FY2025 1H Results) Analysis of Difference in Operating Profit Segment Overview (bil. yen) ⁻ Despite reduced mine production due to adverse weather conditions in Chile, OP ＋52.8 Mineral [Mineral Resources] i
Slide 15: Consolidated Balance Sheet / Cash Flows / CAPEX, Depreciation, R&D
Consolidated Balance Sheet / Cash Flows / CAPEX, Depreciation, R&D expenses ◼ Consolidated Balance Sheet ◼ Consolidated Cash Flows FY2026 1H Results March 31, 2026 Sep 30, 2026 (bil. yen) (bil.yen) (Actual) (Actual) Cash flows from operating activities 81.8 Cash/Deposit Interest Cash/Deposit Interes
Slide 16: FY2026 Forecasts
◼ FY2026 (Fiscal year ending March 31, 2027) Forecasts Copyright © 2026, JX Advanced Metals Corporation, All rights reserved. 16
Slide 17: Consolidated Statement of Income
Consolidated Statement of Income FY2026 FY2026 Difference Forecasts Forecasts bil. yen (in August) (in November) Absolute % Revenue 1,025.0 1,050.0 ＋25.0 +2% (Focus Businesses) 585.0 620.0 ＋35.0 +6% Exchange rate / LME Copper Price (Base Businesses) 470.0 475.0 ＋5.0 +1% Assumption (Other) -30.0 -45.
Slide 18: Revenue and Operating Profit by Business Segment
Revenue and Operating Profit by Business Segment Difference in Operating Profit FY2026 FY2026 Difference Forecasts Forecasts (bil.yen) ＋19.7 ＋3.9 ＋14.1 255.0 bil. yen (in August) (in November) Absolute % 232.0 - 14.7 Focus Revenue 230.0 240.0 ＋10.0 +4% Semiconductor Copper prices, etc. +19.5 - Reduc
Slide 19: Operating Profit Analysis: Semiconductor Materials Forecasts
Analysis of Difference in Operating Profit: Semiconductor Materials Segment (FY2026 Forecasts: November vs. August Forecasts) Analysis of Difference in Operating Profit Segment Overview ⁻ OP increased mainly due to higher sales driven by (bil. yen) [Thin film] +2.5 expanding AI data center demand, i
Slide 20: Operating Profit Analysis: ICT Materials Forecasts
Analysis of Difference in Operating Profit: ICT Materials Segment (FY2026 Forecasts: November vs. August Forecasts) Analysis of Difference in Operating Profit Segment Overview (bil. yen) ⁻ OP increased mainly due to improved selling Functional prices for precision rolled products ＋1.1 Materials ±0 ＋
Slide 21: Operating Profit Analysis: Metals & Recycling Forecasts
Analysis of Difference in Operating Profit: Metals & Recycling Segment (FY2026 Forecasts: November vs. August Forecasts) Analysis of Difference in Operating Profit Segment Overview ⁻ Despite reduced mine production, OP increased (bil. yen) Mineral mainly due to the upward revision of the copper ＋19.
Slide 22: Balance Sheet / Cash Flows for FY2026 / Shareholder Returns
Consolidated Balance Sheet / Cash Flows for FY2026 / Shareholder Returns ◼ Consolidated Balance Sheet ◼ Consolidated Cash Flows FY2026 Forecasts (bil. yen) March 31, 2026 March 31, 2027 (bil.yen) (Results) (Forecasts) Cash flows from operating activities 160.0 Cash/Deposit Interest Cash flows from i
Slide 23: Appendix
◼ Appendix • Topics - FY2026 (Fiscal year ending March 31, 2027) • JX Advanced Metals at a Glance • Company History and the Vision to Which We Aspire Going Forward • List of Main Products • Our Data Center-Related Products • Overview of Semiconductor Sputtering Targets • Strengths of Our Semiconduct
Slide 24: Topics – FY2026
Topics – FY2026 (Fiscal year ending March 31, 2027) News releases since the previous quarter Semiconductor Materials ICT Materials Metals & Recycling ◼ May. Execution of Final Agreement Concerning Integration of Businesses for the Purchase of Copper Concentrates and the Sale of Related Products ◼ Ju
Slide 25: JX Advanced Metals at a Glance
JX Advanced Metals at a Glance Leading Global Supplier of Advanced Materials in Semiconductor and ICT Industries Global Share Our highly competitive core businesses built on advanced technological capabilities End Uses AI Server-Related AI Servers Semiconductor Materials ICT Materials Thin Film Mate
Slide 26: Company History and the Vision to Which We Aspire
Company History and the Vision to Which We Aspire Going Forward Established Long-Term Vision History of the ⚫ Key Strategies business Founded the Hitachi Mine (origin of Company JX Advanced Metals Group) Expanded into metal smelting and history Transition from a process industry-type firm to a techn
Slide 27: List of Main Products
List of Main Products Main Products (photo) Revenue and Operating Profit by Subsegment (FY2025) Thin Film Materials Metals & Recycling Metals & Recycling Thin Film Materials Semiconductor Materials 147.0 37.6 40.9 Metals & Recycling ICT Materials 45.8 Functional Sputtering targets InP substrates CVD
Slide 28: Our Data Center-Related Products
Our Data Center-Related Products Semiconductor Materials ICT Materials Global share Sputtering targets for SEMI Approx. GPU package 65%*1 Inside an AI Server Switch (Our assumption) (Inter-GPU computing coordination) HBM RDL Signal line Optical network TSV GPU Power line Liquid leakage detection sen
Slide 29: Overview of Semiconductor Sputtering Targets
Overview of Semiconductor Sputtering Targets What Are Semiconductor Sputtering Targets? Use and Structure of Semiconductor Sputtering Targets Illustrative image of inside sputtering chamber Global Share High-purity metal materials required for the PVD*1 process used to Approx. form transistors and w
Slide 30: Strengths of Our Semiconductor Targets
Strengths of Our Semiconductor Targets That Enable a Global Top Market Share Achieving a global top market share through strong technological capabilities, deep relationships with manufacturers and customers, and a fully established global production network First-Class technology Close-knit Partner
Slide 31: InP Substrates
InP Substrates ⚫ InP (indium phosphide) substrates for optical communications are seeing strong sales, driven by data centers ⚫ The company has decided to make additional capital investments to expand capacity to capture demand in from Shift this electrical rapidly to growing market optical for fast
Slide 32: Initiatives in Base Businesses
Initiatives in Base Businesses Build an optimal Base Businesses structure to advance toward a Focus Businesses centered portfolio aligned with our long-term vision Key initiatives in Base Businesses: Optimization of business scale and steadily securing the supply chain for Focus Businesses FY2022 FY
Slide 33: Medium- to Long-Term Business Target
Medium- to Long-Term Business Target ✓ Steadily progressing toward achieving our goals FY2023 FY2024 FY2025 FY2026 (Ref.) FY2027 CAGR Results Results Results Forecasts (FY2023-FY2026) Target [Consolidated] 86.2 bil yen 112.5 bil yen 175.0 bil yen 255.0 bil yen (44%) CAGR10%~15% Operating profit (FY2
Slide 34: Disclaimer
Disclaimer The Company’s goals, plans, estimates, forecasts, expectations, targets, and other future information stated in this material are only the Company’s determinations or opinions based on the information available to the Company at the time of preparation of this material and certain assumpt
Slide 35: © x JX Advanced Metals
© x JX Advanced Metals