JX Advanced Metals (5016) investor relations material

Executive summary

• Operating profit for FY2025 rose 56% year-over-year to ¥175.0 billion, driven by strong sales in Focus Businesses and higher copper prices.

• Revenue increased 24% year-over-year to ¥884.6 billion, with Focus Businesses up 20% and Base Businesses up 33%.

• FY2026 forecasts project further growth, with operating profit expected to reach ¥190.0 billion and revenue ¥930.0 billion.

• Comprehensive income more than doubled year-over-year, reaching ¥162,555 million, driven by strong profit growth and significant positive exchange differences.

• Strategic initiatives included portfolio transformation, capacity expansions, and the conversion of Toho Titanium into a wholly owned subsidiary.

Financial highlights

• Net profit attributable to owners of parent increased 53% year-over-year to ¥104.6 billion.

• Dividend per share increased from 18 yen to 31 yen, with a payout ratio of 27%.

• Cash flows from operating activities reached ¥107.5 billion; net interest-bearing debt rose due to growth investments.

• Gross profit increased to ¥201,651 million from ¥156,962 million year-over-year.

• Basic earnings per share rose to ¥112.94 from ¥73.53 year-over-year.

Outlook and guidance

• FY2026 operating profit forecasted at ¥190.0 billion (+9% year-over-year), with Focus Businesses expected to grow 15%.

• Net sales for FY2026 forecast at ¥930.0 billion, with profit attributable to owners of parent projected at ¥114.0 billion.

• Dividend policy revised to a 25% payout ratio benchmark, with a minimum dividend of 20 yen per share.

• Share repurchase of ¥250 billion planned, resulting in a total payout ratio of approximately 235% for FY2026.

• Impact from Middle East situation (-¥7.0 billion) incorporated into FY2026 guidance.