(Mitsui Kinzoku Company, Limited TSE5706)
FY2025 Q3 Results & FY2025 Forecast
February 13, 2026
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
FY2025 Q1-3 YoY : Sales and profits increased due to an increase in sales volume of major products in the Engineered Materials segment and price of precious metals in the catalyst business has risen. However, net income decreased due to the extraordinary losses related to the divestiture of Mitsui Kinzoku ACT.
As for the FY2025 forecast, we expect increased revenue and profits in copper foil business, supported by a strong market for high-end servers such as AI servers. Furthermore, in the metal segment, we expect improved earnings due to higher metal prices and a weaker yen, as well as significant favorable inventory effects associated with these factors. As a result, we anticipate record highs in our net sales, operating profit, ordinary profit, and net income for the current period.
(Unit: Billion yen) | Q1-3 Results | ||
2025 Results | 2024 Results | Difference （25-24） | |
Net Sales | 542.2 | 525.9 | 16.3 3.1% |
Operating Income | 71.7 | 56.2 | 15.5 27.6% |
Ordinary Income | 74.5 | 59.1 | 15.4 26.1% |
Net income attributable | 49.1 | 52.1 | -3.1 |
to owners of parent | -5.9% | ||
Forecast | ||
2025 Forecast （Feb 13） | 2025 Forecast （Nov 11） | Difference |
750.0 | 715.0 | 35.0 4.9% |
117.0 | 78.0 | 39.0 50.0% |
120.0 | 77.0 | 43.0 55.8% |
77.0 | 43.0 | 34.0 79.1% |
1
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
(Unit : Billion yen)
66.0
60.7
52.1
19.9
12.5
44.5
31.7
26.0
76.4
74.7
64.7
120.0
117.0
77.0
74.5
71.7
49.1
Ordinary Income
Operating Income
Net Income attributable to owners of parent
8.5
633.3 652.0 646.7
712.3 750.0
542.2
Sales
22/3 23/3 24/3 25/3 26/3 25/12
Forecast as of Feb 13
Dividend per share ¥110 ¥140 ¥140 ¥180 *1
( - ) ( - ) (¥70) (¥90) *1¥240 (¥100)
DOE 2.6% 3.3% 3.1% 3.0% *2 3.6%
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.
For FY2025, operating income for the full year is expected to be 117.0 billion yen, and it is expected to increase by 39.0 billion yen compared to the previous forecast.
Operating Income Forecast for FY2025 (Nov 11th)
Operating Income Forecast for FY2025 (Feb 13th)
（Unit： Billion yen）
117.078.0See page 4 for details
Profit increase by 39.0 billion
77239.8 38.239.8FY2025
1st half
Forecast for FY2025
2nd half
Forecast for FY2025
on Nov 11
FY2025
1st half
Forecast for FY2025
2nd half
Forecast for FY2025
on Feb 13
Copyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved. 3
78.0+ 4.5
+ 10.8 + 1.2
PGM price difference
Main factor
Metal +10.6
+ 10.1
Engineered Materials
Main factor
Copper foil +5.9
Catalysts +2.8
Engineered Powders +0.7
+ 11.9
Metals
+ 0.5
Corporate
& others
117.0Main factor
Consolidated adjustment etc. +0.5
(Unit : Billion yen)
Main factor
LME/Forex
Energy cost increase (including cokes)
By-products of Zinc and Lead smelting
Lead raw material mix variance
Copper smelting
Precious metals recycling
Mineral Resources Div.
+1.0
+0.1
+4.0
+0.8
+3.3
+0.6
+2.2
Profit increase by 39.0 billion
Actuarial gains in retirement benefit obligations of the head office
Inventory factors
on Catalysts
Operating Income Forecast for FY2025on Nov 11thCopyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.
Operating Income Forecast for FY20254
on Feb 13thCopyright © Mitsui Kinzoku Co., Ltd. or its affiliates All Rights Reserved.