MITSUI MINING AND SMELTING CO., LTD. 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.
（Unit: Billion yen）
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.
655.0 | 695.0 | -40.0 |
-5.8% |
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
633.3 655.0
497.7 | 522.9 |
473.1 | |
498.3
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. |
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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.
