(Millions of yen)

As a result, in the current fiscal year, net sales were ¥1,964,976 million (up 27.4% year-on-year) and operating profit was ¥37,118 million (up 59.5% year-on-year). Ordinary profit was ¥60,235 million (up 11.3% year-on-year) mainly due to an increase in equity-method investment profit despite a decrease in dividends from mines. Profit attributable to owners of parent was ¥34,076 million (up 14.4% year-on-year) largely due to the impairment loss recorded and the gain on changes in equity associated with the conversion of PT. Smelting into an equity-method affiliate.

(Billions of yen)

In the Metals business, net sales and operating profit increased year-on-year, mainly due to the impact of the yen's depreciation and a significant rise in copper and gold prices. Ordinary profit rose due to an increase in operating profit and an improvement in equity-method investment profit, despite a decrease in dividends from mines.

(Billions of yen)

Regarding the Advanced Products business, fluctuations in copper prices and foreign exchange rates had an impact on the Copper & Copper Alloy business. Meanwhile, in the Electronic Materials & Components business, there were indications of recovery in demand for certain semiconductor-related products.

As a result, net sales and operating profit grew year-on-year. Ordinary profit rose primarily due to an increase in operating profit.

(Billions of yen)

In the Metalworking Solutions business, net sales of carbide products, our main products, increased year-on-year due to the depreciation of the yen and the effect of price hikes. However, operating profit declined due to weak demand for automobiles and rising raw material costs. Ordinary profit also decreased due to the decline in operating profit and foreign exchange losses.

(Billions of yen)

In the Renewable Energy business, net sales and operating profit increased year-on-year, as Appi Geothermal Corporation became a consolidated subsidiary in April 2024. Ordinary profit rose due to an increase in operating profit and growth in equity-method investment profit.