Nittetsu Mining Raises FY2026 Earnings Forecast on Copper Strength

Nittetsu Mining Raises FY2026 Earnings Forecast on Copper Strength

Nittetsu Mining Co., Ltd. (TSE:1515) has raised its full-year earnings and dividend guidance for the fiscal year ending March 2026, citing stronger copper prices and favorable forex dynamics in its metals division.

The company lifted revenue guidance by JPY 4.7bn to JPY 209.7bn, driven primarily by elevated copper prices in the metals segment. Operating profit rose JPY 2.3bn to JPY 18.8bn, benefiting from yen weakness in smelting operations, improved by-product revenues, and delayed growth investments. Ordinary income (keijo rieki)—a Japan-specific metric combining operating profit with non-operating items—jumped JPY 3.5bn to JPY 20.2bn, supported by gains from equity-method investments and foreign exchange gains at overseas subsidiaries. Net profit attributable to parent shareholders surged JPY 3.5bn to JPY 14.0bn, or JPY 177.94 per share, a 33.3% increase.

The company maintained its year-end dividend at JPY 240.00 per share (pre-split basis), though this reflects an 18-yen increase on a post-split basis. The dividend decision aligns with management’s 40% consolidated payout ratio policy applied to revised earnings. The substantial upward revision—particularly the 21% lift in ordinary income and 33% jump in net profit—signals robust operational momentum in base metals, with currency tailwinds amplifying bottom-line gains. Investors should monitor copper price volatility and yen movements as key drivers of full-year performance.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.