(Mitsui Kinzoku Company, Limited TSE5706)
FY2025 Q2 Results & FY2025 Forecast
November 11, 2025
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
Results of FY2025 1st half
FY2025 1st half YoY : The sales volume of MicroThin and Electrolytic Copper Foil VSP for AI servers increased compared to the previous year. Although there were unfavorable inventory effects and other factors in the metal segment, Sales, operating profit, and ordinary profit all increased slightly. Additionally, net income decreased due to the extraordinary losses related to the divestiture of Mitsui Kinzoku ACT.
As for the FY2025 forecast, we expect sales and profits to increase compared to the previous forecast. In the Engineered Materials, demand for key products such as MicroThin and Electrolytic Copper Foil VSP for AI servers remains solid. And in the metal segment, we expect improve dearnings due to higher metal prices and a weaker yen, as well as favorable inventory effects associated with these factors.
Unit: Billion yen) | 1st half Results | ||
2025 Results | 2024 Results | Difference （25-24） | |
Net Sales | 364.3 | 348.1 | 16.2 4.6% |
Operating Income | 39.8 | 38.8 | 0.9 2.4% |
Ordinary Income | 39.1 | 38.4 | 0.8 2.0% |
Net income attributable | 19.0 | 37.0 | -18.0 |
to owners of parent | -48.6% | ||
Forecast | ||
2025 Forecast （Nov 11） | 2025 Forecast （Aug 8） | Difference |
715.0 | 665.0 | 50.0 7.5% |
78.0 | 46.0 | 32.0 69.6% |
77.0 | 44.0 | 33.0 75.0% |
43.0 | 17.0 | 26.0 152.9% |
(
1
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
Sales and Earnings
66.0
60.7
52.1
19.9
12.5
8.5
44.5
31.7
26.0
76.4
74.7
64.7
78.0
77.0
43.0
25/9
39.8
39.1
19.0
(Unit : Billion yen)
Operating Income
Ordinary Income
633.3 652.0 646.7
712.3 715.0
Net Income attributable to owners of parent
364.3
Sales
22/3 23/3 24/3 25/3 26/3 25/9
Forecast as of Nov 11
Dividend per share ¥110 ¥140 ¥140 ¥180 *1
( - ) ( - ) (¥70) (¥90) *1¥210 (¥100)
DOE 2.6% 3.3% 3.1% 3.0% *2 3.4%
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
*1 Including the 150th Anniversary commemorative dividend of 15 yen.
2
*2 Excluding the 150th Anniversary commemorative dividend of 15 yen.
FY2025 Operating Income Forecast
For FY2025, operating income for the full year is expected to be 78.0 billion yen, and it is expected to
increase by 32.0 billion yen compared to the previous forecast.
Operating Income
Operating Income
（Unit： Billion yen）
Forecast for FY2025
(Aug 8th)
Forecast for FY2025 (Nov 11th)
78.046.0See page 4 for details
See page 21 for details
Profit increase by 32.0 billion
24.521.5Profit increase
39.8 38.2Profit increase
by 15.3 billion
by 16.7 billion
See page 5
for details
Forecast for
FY2025
1st half
Forecast for FY2025
2nd half
Forecast for FY2025
on Aug 8
FY2025
1st half
Forecast for FY2025
2nd half
Forecast for FY2025
on Nov 11
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved. 3
FY2025 1st half Operating Income
Main factor
Other Subsidiaries
+0.6
Consolidated adjustment etc. +2.0
(Unit : Billion yen)
Main factor
Copper foil
Engineered Powders
+1.1
+0.4
+ 2.6
39.8+ 4.8
+ 4.8
+ 1.6
+ 1.5
Corporate & others
Metals
24.5Engineered Materials
Inventory factors
PGM price difference on Catalysts
-0.7
+3.9
+0.6
+0.4
+0.2
Main factor
LME/Forex
Operating variance in zinc smelting operations
Lead raw material mix variance
Copper smelting
Mineral Resources Div.
Profit increase
by 15.3 billion
Main factor
Engineered Materials -0.1
Metals +4.9
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
Operating Income for FY20254
1st half