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Mitsui Mining and Smelting : FY2022 Q3 Results & FY 2022 Forecast
February 07, 2023 at 03:18 pm IST
MITSUI KINZOKU
(Mitsui Mining & Smelting Co., Ltd. TSE5706)
FY2022 Q3 Results & FY 2022 Forecast
February 7, 2023
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
Results of FY2022 Q3
Net sales for the cumulative third quarter of FY2022 increased year on year because zinc prices remained at high levels and sales volume in the Mobility segment increased.
On the other hand, both operating income and ordinary income decreased mainly due to rising energy costs and a decrease in sales volume in the Engineered Materials segment.
As for the full-year forecast, both net sales and net income are expected to decrease compared with the previous forecast due to the decrease in sales volume in many businesses, mainly copper foil, as well as the stronger yen and deterioration of inventory factors, etc.
Q1-3 Results
2022 2021 Difference
Results Results ( 22-21)
Forecast
2022
2022 Difference
Forecast
Forecast
( Feb 7)
( Nov 9)
Net Sales
498.3
463.7
34.6
7.5%
Operating Income
18.6
42.7
-24.2
-56.6%
Ordinary Income
24.4
45.8
-21.4
-46.8%
Net income attributable to
17.2
36.9
-19.6
owners of parent
-53.3%
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
17.0 34.0 -17.0
-50.0%
22.0 45.0 -23.0
-51.1%
13.0 36.0 -23.0
-63.9%
1
Sales and Earnings
( Unit: Billion yen)
66.0
60.7
51.3
51.1
Ordinary Income
44.8
52.1
18.2
22.0
24.4
Operating Income
13.0
18.6
17.8
17.0
17.2
13.0
4.7
9.3
Net Income
'19/3
'20/3
'21/3
'22/3
'23/3
'22/12
1.6
attributable to owners
of parent
Sales
'19/3
'20/3
'21/3
'22/3
'23/3
'22/12
Forecast
Dividend per share
¥70
¥70
¥85
¥110
¥140
Dividend payout ratio
85%
255%
11%
12%
62%
DOE
2.5%
2.5%
2.5%
2.6%
3.2%
Forecast
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
as of Feb 7
2
FY2022 Ordinary Income Forecast
Ordinary income forecast for FY2022 is 22.0 billion, by 23.0 billion less than
forecast for FY2022 announced on November 9th .
( Unit: Billion yen)
Ordinary Income
Ordinary Income
Forecast for FY2022 (Feb 7th )
Forecast for FY2022 (Nov 9th )
45.0
34.0
22.0
- 12.0
FY2022
Forecast for
Forecast for
1st half
FY2022
FY2022
2nd half
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
34.0
Profit decrease by
23.0 billion
See page 4
for details
11.0
FY2022
Forecast for
Forecast for
1st half
FY2022
FY2022
2nd half
3
FY2022 Ordinary Income Forecast
Ordinary income forecast for FY2022 is 22.0 billion, by 23.0 billion less than forecast for FY2022 announced on November 9th .
Among them, decrease due to the stronger yen is about 12.2 billion.(Items in blue )
■ Main factor
■ Main factor
■ Main factor
( Unit: Billion yen)
・ Engineered Materials
-0.6
・ Copper foil
-5.4
・ ACT
-1.1
・ Metals
-4.4
・ PVD Materials
-0.7
・ Catalysts
-0.4
・ Corporate
-0.1
・ Engineered Powders
-0.4
45.0
- 5.1
- 0.9
- 6.9
17.0 billion decrease
Inventory
PGM price
in operating income items
factors
Profit decrease by
difference
- 1.6
on Catalysts
- 1.8
23.0 billion
- 0.7
- 6.5
Engineered
+0.5
Metals
Materials
Mobility
Non-operating
Corporate
income/expenses
22.0
& others
Others
■ Main factor
Non-operating
・ Forex
-1.3
income/expenses
・ LME
+0.7
Forex Exchange
・ Copper smelting
-0.5
■ Main factor
gain or loss
・ PGM recycling
-0.4
・ Engineering
-0.8, etc.
■ Main factor
・ Interest income - net
+0.4
Ordinary Income
Ordinary Income
Forecast for
Forecast for
FY2022
FY2022
on Nov 9th
on Feb 7th
4
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
This is an excerpt of the original content. To continue reading it, access the original document here .
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Mitsui Mining & Smelting Co. Ltd. published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 07 February 2023 09:41:32 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
More charts
Mitsui Mining and Smelting Co., Ltd. specializes in the production and marketing of non ferrous metals. Net sales (including intragroup) break down by activity as follows:
- manufacturing of functional materials (39%) : electrolytic copper foils, battery materials, ceramic products, etc. The group also provides engineering services;
- production of non ferrous metals (30.6%): zinc, gold, silver, zinc alloys, etc. Mitsui Mining and Smelting Co also offers non ferrous metals recycling services;
- manufacturing of automotive parts and components (12.8%);
- other (17.6%).
Net sales are distributed geographically as follows: Japan (51.5%), China (13.9%), India (9.8%), Asia (16.7%), North America (5.1%) and other (3%).
More about the company
Last Close Price
4,861
JPY
Average target price
4,947
JPY
Spread / Average Target
+1.76%
Consensus
1st Jan change
Capi.
+12.13% 179.25Cr -.--% 720.38Cr -13.39% 682.41Cr +3.69% 430.8Cr +32.23% 404.47Cr -6.40% 398.4Cr +54.78% 396.58Cr -18.62% 394.33Cr +2.95% 361.07Cr -20.72% 248.67Cr
Nonferrous Metal Processing
+951% of historical performance
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