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Mitsui Mining and Smelting : Progress Briefing on 2022-2024 New Medium Term Business Plan
May 16, 2023 at 07:40 pm EDT
Progress Briefing on 2022-2024 New Medium Term Business Plan
May 16, 2023
Mitsui Mining & Smelting Co., Ltd.
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
0
Financial Index - Net Sales and Ordinary Income
Both net sales and ordinary income are expected to fall short of the 2022-2024Medium-Term Management Plan. Ordinary income is expected to reach the 2022-2024Medium-Term Management Plan level one year behind. However, the 2030 target remains unchanged.
(Unit: 100 m yen)
(Unit: 100 m yen)
Net sales
Ordinary income
8,000
7,250
7,180 7,250
6,333
6,520
6,450
5,229
4,731
2019
2020
2021
2022
2023
2024
2025
2030
Result Plan
Forecast Forecast Plan
Plan
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
800
660
600
513
470
400
199
200
93
2019
2020
2021
2022
2023
2024
2025
2030
Result Plan
Forecast Forecast Plan
Plan
1
Financial Index - Ordinary Income and Real Profit by Segment
Engineered Materials will continue to be the growth driver, and Metals and Mobility will also be factored into profit growth.
(Unit: 100 m yen)
(Unit: 100 m yen)
Ordinary income by segment
Real profit by segment
*Real profit = figures exclude inventory factors and precious metal price
effects from ordinary income
800
800
660
Corporate
39
600
576
620
Mobility
24
470
Corporate
25
470
84
30
Mobility
414
30
400
363
140
140
Metals
Metals
253
267
225
200
130
130
199
25
4
28
25
7
85
63
85
28
32
100
Engineered
75
Engineered
128
300
91
Materials
270
Materials
280
270
107
135
110
135
Business
-58
-66
-85
-67
Business
-58
-66
-85
-67
Creation
Creation
-8
-8
Adjustment
-33
Adjustment
-33
-35
-35
2021
2022
2023
2024
2030
2021
2022
2023
2024
2030
Result
Plan
Forecast
Forecast
Plan
Plan
Result
Plan
Forecast
Forecast
Plan
Plan
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
2
Financial Index - Cash Flows, ROE, Equity Ratio
Due to the deterioration of business results compared to the 2022-2024Mid-Term Plan, the following indicators are expected to fall short of the target of FY2024.
(Unit: 100 m yen)
Free cash flows (FCF)
ROE, Equity ratio, Net DE ratio
850
352
370
354
240
114
150
0
2021
2022
2023
2024
(22-24) Cumulative
total
Result
Plan
Forecast
Forecast
Plan
Forecast
Plan
Cash flows from
607
430
700
580
750
800
1,760
2,300
operating activities
Cash flows from
-255
-316
-550
-580
-510
-430
-1,406
-1,450
investing activities
FCF
352
114
150
0
240
370
354
850
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
ROE
23.8%
11.4%
12.2%
14.0%
3.5%
3.9%
2021
2022
2023
2024
Result
Plan
Forecast
Forecast
Plan
Net
0.82
0.76
0.78
D/E ratio
0.71
0.66
50.0%
Equity
41.0%
40.1%
43.2%
37.6%
40.1%
ratio
0.42
2021
2022
2023
2024
Result Plan
Forecast
Forecast Plan
3
Shareholder Return
The dividend policy will continue for the foreseeable future. Interim dividends will be paid from this fiscal year.
Dividend Policy for the 2022-2024
Mid-term Plan onwards
By placing importance on providing continuous and stable dividends, we will provide dividends at a rate of 3.0% DOE (consolidated dividend on equity)
Dividend per share forecast
FY2022
FY2023 (Provisional amounts)
Interim
Year-end
Annual
Dividend per
140 yen
70 yen
70 yen
140 yen
share
We will revise shareholder return policy in line with progress in improving financial strength
Copyright © Mitsui Mining & Smelting Co., Ltd. All Right Reserved.
4
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Disclaimer
Mitsui Mining & Smelting Co. Ltd. published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 16 May 2023 23:39:03 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
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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
4,865
JPY
Average target price
4,947
JPY
Spread / Average Target
+1.68%
Consensus
1st Jan change
Capi.
+12.23% 1.77B -.--% 7.15B -14.21% 6.62B +4.59% 4.24B -1.83% 4.13B +30.12% 3.92B -0.08% 3.46B +32.36% 3.44B -27.97% 3.44B -16.86% 2.56B
Nonferrous Metal Processing
+951% of historical
More than 20 years
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