MITSUI MINING AND SMELTING CO., LTD. MITSUI KINZOKU
(Mitsui Mining & Smelting Co., Ltd. TSE5706)
FY2022 Results & FY 2023 Forecast
May 10, 2023
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
Results of FY2022 and Forecast of FY2023
-
Net sales for the 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 FY2023 forecast, sales volume is expected to increase in the Engineered Materials and Mobility segment, but net sales are expected to decline due to the stronger yen and lower zinc and precious metal prices compared to the previous fiscal year.
Operating income is expected to increase due to increased sales volume, etc., but ordinary income is expected to remain at the same level as the previous fiscal year due to a significant deterioration in non-operating income/expenses.
（Unit: Billion yen） | Results | |||
2022 | 2021 | Difference | ||
Results | Results | （22-21） | ||
Net Sales | 652.0 | 633.3 | 18.6 | |
2.9% | ||||
Operating Income | 12.5 | 60.7 | -48.2 | |
-79.4% | ||||
Ordinary Income | 19.9 | 66.0 | -46.1 | |
-69.9% | ||||
Net income attributable to | 8.5 | 52.1 | -43.6 | |
owners of parent | -83.7% |
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
Forecast
2023 | 2022 | Difference |
Forecast | Results | （23-22） |
645.0 | 652.0 | -7.0 |
-1.1% | ||
20.0 | 12.5 | 7.5 |
59.6% | ||
20.0 | 19.9 | 0.1 |
0.6% | ||
10.0 | 8.5 | 1.5 |
17.5% |
1
Sales and Earnings
（Unit: Billion yen） | 60.7 | 66.0 | |||
51.3 | |||||
51.1 | |||||
52.1 | |||||
44.8 | |||||
18.2 | 19.9 | 20.0 | |||
13.0 | 20.0 | ||||
17.8 | |||||
12.5 | 10.0 | ||||
4.7 | 9.3 | ||||
8.5 | |||||
'19/3 | '20/3 | 21/3 | 22/3 | 23/3 | 24/3 |
1.6
633.3 652.0 645.0
497.7 | 522.9 |
473.1 | |
Ordinary Income
Operating Income
Net Income attributable to owners of parent
Sales
19/3 | 20/3 | 21/3 | 22/3 | 23/3 | 24/3 | ||
Dividend per share | ¥70 | ¥70 | ¥85 | ¥110 | ¥140 | ¥140 | |
(Annual) | |||||||
< - > | < - > | < - > | < - > | < - > | < ¥70 > | ||
DOE | 2.5% | 2.5% | 2.5% | 2.6% | 3.3% | 3.3% | |
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved. | Forecast as of May 10 | 2 | |||||
FY2022 Ordinary Income and
FY2023 Ordinary Income Forecast
Ordinary income of FY2022 is 19.9 billion, by 2.1 billion less than the forecast for FY2022 announced on February 7th.
Ordinary income forecast for FY2023 increase by 0.1 billion from the previous year.
（Unit： Billion yen）
Ordinary Income of FY2022 | Ordinary Income Forecast for FY2023 |
22.0 |
19.9 |
Profit decrease by |
2.1 billion |
See page 4 |
for details |
Ordinary Income | Ordinary Income |
Forecast for | of FY2022 |
FY2022
on Feb 7th
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
18.0 | 20.0 | Profit increase by |
0.1 billion | ||
See page 6 | See page 5 | |
for details | for details | |
Profit increase by | ||
16.0 billion | ||
2.0 |
Ordinary Income Ordinary Income Ordinary Income
Forecast for | Forecast for | Forecast for |
FY2023 1st half | FY2023 2nd half | FY2023 |
3
FY2022 Ordinary Income
Ordinary income of FY2022 is 19.9 billion, by 2.1 billion less than the forecast for FY2022 announced on February 7th.
■ Main factor | ■ Main factor | （Unit： Billion yen） | ||||||||
・ Engineered Materials | -0.3 | ・ Copper foil | -1.0 | |||||||
・ Metals | -1.0 | |||||||||
・ Corporate | +0.2 | |||||||||
22.0 | - 1.1 | - 2.2 | 19.9 | |||||||
Inventory | +1.3 | +1.1 | ||||||||
- 1.3 | ||||||||||
factors | PGM price | +0.1 | +0.1 | - 0.1 | Non-operating | Profit decrease by | ||||
2.1 billion | ||||||||||
difference | Engineered | Metals | Mobility | Corporate | income/expenses | |||||
on Catalysts | & others | Non-operating | Others | |||||||
Materials | income/expenses | |||||||||
Forex Exchange | ||||||||||
gain or loss | ||||||||||
■ Main factor | ||||||||||
・ Equity gains/losses(Metals) +0.5 | ||||||||||
Ordinary Income | Ordinary Income | |||||||||
Forecast for | of FY2022 | |||||||||
FY2022 |
on Feb 7th | 4 |
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Mitsui Mining & Smelting Co. Ltd. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 06:16:13 UTC.
