Functional Materials leads
Mitsui Kinzoku Company, Limited (TSE: 5706) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on November 10, 2026, under a revised segment structure after selling an automotive-parts subsidiary last year. Functional Materials lifted net sales 40.7% to ¥211.8 billion and segment ordinary profit 70.6% to ¥45.1 billion, on higher volumes of key copper-foil products, price revisions and inventory gains from indium prices. Metals sales rose 31.2% to ¥211.5 billion and segment profit 2.2% to ¥18.8 billion as zinc, copper and indium prices rose, while palladium and rhodium prices fell during the half. Other businesses returned to a profit of ¥1.1 billion.
Ordinary profit rose 55.7% to ¥60,936 million, helped by ¥3.8 billion more in equity-method income. Extraordinary items included ¥1.0 billion of gains on investment securities, ¥1.3 billion on sales of affiliate shares and a ¥6.4 billion loss from ending part of its defined-benefit plans, as the company and some Japanese subsidiaries moved to defined-contribution pensions from October 1, 2026. Earnings per share are adjusted for the 10-for-1 stock split of October 1, 2026.
Forecast and dividend raised
Mitsui Kinzoku now expects FY3/2027 net sales of ¥875,000 million (+15.4%), operating profit of ¥99,000 million (-24.4%), ordinary profit of ¥104,000 million and net profit attributable to owners of ¥78,000 million (-14.5%), up from ¥850,000 million, ¥94,000 million and ¥100,000 million in its previous forecast. It paid an interim dividend of ¥140, against ¥100, and plans a split-adjusted ¥18 at year-end, equal to ¥180 before the split and ¥320 for the year against ¥245. Total assets rose 6.6% to ¥743,566 million, and the equity ratio was 59.2%.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 431,064 | 364,312 | +18.3% |
| Operating profit (¥ million) | 57,549 | 39,767 | +44.7% |
| Ordinary profit (¥ million) | 60,936 | 39,141 | +55.7% |
| Net profit attrib. to owners of parent (¥ million) | 39,546 | 19,049 | +107.6% |
| Comprehensive income (¥ million) | 36,946 | 18,580 | +98.8% |
| EPS (¥) | 69.12 | 33.31 | +107.5% |
| Net sales — Functional Materials (¥100 million) | 2,118 | 1,505 | +40.7% |
| Ordinary profit — Functional Materials (¥100 million) | 451 | 264 | +70.6% |
| Net sales — Metals (¥100 million) | 2,115 | 1,612 | +31.2% |
| Ordinary profit — Metals (¥100 million) | 188 | 184 | +2.2% |
| Total assets (¥ million) | 743,566 | 697,481 | +6.6% |
| Net assets (¥ million) | 449,278 | 420,910 | +6.7% |
| Equity ratio | 59.2% | 59.1% | +0.1 pt |
| FY3/2027 guidance — revenue (¥ million) | 875,000 | — | +15.4% |
| FY3/2027 guidance — operating profit (¥ million) | 99,000 | — | -24.4% |
| FY3/2027 guidance — ordinary profit (¥ million) | 104,000 | — | -23.9% |
| FY3/2027 guidance — net profit (¥ million) | 78,000 | — | -14.5% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.