Sumitomo Metal Mining's mixed half-year: Sales dip, profit rises

Sumitomo Metal Mining Co., Ltd. announced its consolidated financial results for the six months ended September 30, 2025. Net sales decreased by 2.1% year-on-year to JPY 783,361 million. Despite this, profit before tax rose by 6.6% to JPY 77,815 million, and profit attributable to owners of parent increased by 16.0% to JPY 53,940 million. Basic earnings per share for the period stood at JPY 198.12.

For the full year ending March 31, 2026, the company forecasts a 2.5% decrease in net sales to JPY 1,554,000 million. However, profit before tax is projected to surge by 285.6% to JPY 121,000 million, and profit attributable to owners of parent is expected to increase by 348.8% to JPY 74,000 million, resulting in a basic earnings per share forecast of JPY 272.66.

The company plans a second quarter-end dividend of JPY 65.00 and a year-end dividend of JPY 66.00, totaling JPY 131.00 for the year ending March 31, 2026. Total assets as of September 30, 2025, were JPY 3,024,322 million, with equity attributable to owners of parent at JPY 1,804,482 million, representing a 59.7% ratio.