Sumitomo Metal Mining's Profit Surges 969% in Fiscal Year 2025

MT Newswires Live05-11 18:19

Sumitomo Metal Mining's (TYO:5713) profit attributable to owners of the parent soared 969% to 176.3 billion yen in fiscal year 2025 from 16.5 billion yen a year earlier.

The battery manufacturer's earnings per share increased to 649.53 yen from 59.99 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales jumped 9.3% to 1.742 trillion yen in the year ended March 31 from 1.593 trillion yen in the prior year.

Sumitomo Metal Mining declared a final dividend of 163 yen per share, payable from June 26.

For fiscal year 2026, the company expects attributable profit of 139 billion yen, basic EPS of 518.08 yen, and net sales of 1.883 trillion yen.

Sumitomo Metal Mining plans to pay interim and year-end dividends of 103 yen and 104 yen per share, respectively, for the year, higher than the amount paid in the year-ago period.

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