Sumitomo Kinzoku Kozan KK

Latest Results (24.12.2024):

Net Sales Growth

Sumitomo Kinzoku Kozan KK reported consolidated net sales of ¥800,125 million for the six months ended September 30, 2024, marking an 11.6% increase compared to the same period in the previous year. This growth was primarily driven by the Group’s production at mines and smelters progressing according to plan, alongside increased average prices for copper and gold, and the depreciation of the yen.

Profit Before Tax

The company achieved a profit before tax of ¥72,991 million for the first half of fiscal 2024, representing a significant 35.7% increase from the previous year. This improvement was largely attributed to higher interest income and a reduction in exchange losses and other temporary negative factors, which positively impacted finance income and other income and expenses.

Profit Attributable to Owners

Sumitomo Kinzoku Kozan KK's profit attributable to owners of the parent company rose by 22.9% year-over-year, reaching ¥46,503 million for the six months ended September 30, 2024. This increase reflects the company's strong operational performance and favorable market conditions for its key products.

Dividend Information

The company announced a dividend per share of ¥49.00 for the second quarter of the fiscal year ending March 31, 2025. This is an increase from the previous year's second quarter dividend of ¥35.00, reflecting the company's improved financial performance and commitment to returning value to shareholders.

Financial Outlook

For the full fiscal year ending March 31, 2025, Sumitomo Kinzoku Kozan KK has revised its forecast, projecting net sales of ¥1,555,000 million and a profit before tax of ¥96,000 million. The company anticipates a profit attributable to owners of the parent of ¥67,000 million, with basic earnings per share expected to be ¥243.85, indicating a positive outlook for the remainder of the fiscal year.