Consolidated Financial Results for the Year Ended March 31, 2024 [IFRS] | ||
Listed Company Name: Sumitomo Metal Mining Co., Ltd. | May 9, 2024 | |
Code: | 5713 | |
Listings: | Tokyo Stock Exchange | |
URL: | https://www.smm.co.jp/ | |
Representative: | Akira Nozaki, President and Representative Director | |
Contact: | Atsuyuki Inoue, Manager, PR & IR Dept. | TEL: +81-3-3436-7705 |
Scheduled Ordinary General Meeting of Shareholders: June 26, 2024
Scheduled Date to Start Dividend Payment: June 27, 2024
Scheduled Date to Submit Securities Report: June 26, 2024
Preparation of Supplementary Explanation Materials for Financial Results: Yes
Briefing on Account Settlement: Yes (for institutional investors and analysts)
(Amounts less than one million yen are rounded off)
1. Consolidated Financial Results (From April 1, 2023, to March 31, 2024)
- Consolidated Operating Results
(% figures show year-on-year change) | |||||||||||||||||||||
Net sales | Profit before tax | Profit | Profit attributable to | Total comprehensive | |||||||||||||||||
owners of parent | income | ||||||||||||||||||||
Millions of | % | Millions of | % | Millions of | % | Millions of | % | Millions of | % | ||||||||||||
Year ended | yen | yen | yen | yen | yen | ||||||||||||||||
1,445,388 | 1.6 | 95,795 | -58.3 | 60,803 | -64.3 | 58,601 | -63.5 | 206,651 | -28.0 | ||||||||||||
March 31, 2024 | |||||||||||||||||||||
Year ended | 1,422,989 | 13.0 | 229,910 | -35.7 | 170,441 | -42.9 | 160,585 | -42.9 | 287,148 | -30.9 | |||||||||||
March 31, 2023 | |||||||||||||||||||||
Basic earnings per | Diluted earnings per | Return on equity | Profit before tax to | ||||||||||||||||||
share | share | total assets | |||||||||||||||||||
Yen | Yen | % | % | ||||||||||||||||||
Year ended | 213.28 | 213.28 | 3.4 | 3.3 | |||||||||||||||||
March 31, 2024 | |||||||||||||||||||||
Year ended | 584.44 | 584.44 | 10.4 | 9.2 | |||||||||||||||||
March 31, 2023 | |||||||||||||||||||||
(Reference) Equity in earnings (loss) of affiliates | |||||||||||||||||||||
Year ended March 31, 2024: ¥33,117 million; | |||||||||||||||||||||
Year ended March 31, 2023: ¥36,536 million | |||||||||||||||||||||
(2) | Consolidated Financial Position | ||||||||||||||||||||
Total assets | Total equity | Equity attributable | Equity attributable | Equity attributable | |||||||||||||||||
to owners of parent | to owners of parent | ||||||||||||||||||||
to owners of parent | |||||||||||||||||||||
ratio | per share | ||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | % | Yen | |||||||||||||||||
As of March 31, | 3,023,844 | 1,970,696 | 1,782,420 | 58.9 | 6,487.19 | ||||||||||||||||
2024 | |||||||||||||||||||||
As of March 31, | 2,707,899 | 1,789,296 | 1,631,671 | 60.3 | 5,938.42 | ||||||||||||||||
2023 | |||||||||||||||||||||
(3) | Consolidated Cash Flows | ||||||||||||||||||||
Net cash provided by | Net cash used in | Net cash provided by | Cash and cash equivalents | ||||||||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||||||||
Year ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||||||||||||||||
210,675 | (298,887) | 7,090 | 151,022 | ||||||||||||||||||
March 31, 2024 | |||||||||||||||||||||
Year ended | 120,382 | (185,503) | 49,336 | 215,007 | |||||||||||||||||
March 31, 2023 | |||||||||||||||||||||
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2. Dividends
Dividend per share | Dividend | |||||||
Total | payout ratio to | |||||||
Dividend | equity | |||||||
dividend | ||||||||
First | Second | Third | payout ratio | attributable to | ||||
Year-end | Total | amount | ||||||
(Consolidated) | owners of | |||||||
quarter-end | quarter-end | quarter-end | (Annual) | |||||
parent | ||||||||
(Consolidated) | ||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | |
Year ended | - | 90.00 | - | 115.00 | 205.00 | 56,327 | 35.1 | 3.7 |
March 31, 2023 | ||||||||
Year ended | - | 35.00 | - | 63.00 | 98.00 | 26,927 | 45.9 | 1.6 |
March 31, 2024 | ||||||||
Year ending | ||||||||
March 31, 2025 | - | 49.00 | - | 50.00 | 99.00 | 48.6 | ||
(Forecast) |
3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2025 (From April 1, 2024, to March 31, 2025)
(% figures show year-on-year change) | ||||||||||
Net sales | Profit before tax | Profit | Profit attributable to | Basic earnings | ||||||
owners of parent | per share | |||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Full year | 1,492,000 | 3.2 | 91,000 | -5.0 | 62,000 | 2.0 | 56,000 | -4.4 | 203.81 | |
Notes
- Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None
- Changes in Accounting Policies or Estimates
1) | Changes in accounting policies required by IFRS: | None |
2) | Changes in accounting policies other than item 1) above: | None |
3) | Changes in accounting estimates: | None |
- Number of Outstanding Shares (Common stock)
-
Number of shares issued as of end of period (including treasury stock) 290,814,015 shares at March 31, 2024
290,814,015 shares at March 31, 2023 - Number of shares of treasury stock as of end of period
-
Number of shares issued as of end of period (including treasury stock) 290,814,015 shares at March 31, 2024
16,054,245 shares at March 31, 2024
16,049,021 shares at March 31, 2023
- Average number of shares during the period 274,762,204 shares for the year ended March 31, 2024 274,767,003 shares for the year ended March 31, 2023
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(Reference) Summary of Non-Consolidated Financial Results (J-GAAP)Non-Consolidated Financial Results (From April 1, 2023, to March 31, 2024)
(1) Non-Consolidated Operating Results
(% figures show year-on-year change)
Net sales | Operating profit | Ordinary profit | Profit | ||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||
Year ended | 1,279,284 | 3.1 | 85,670 | -25.8 | 105,272 | -36.6 | 81,583 | -32.7 | |||||
March 31, 2024 | |||||||||||||
Year ended | 1,241,086 | 14.7 | 115,408 | -3.0 | 166,054 | -16.1 | 121,149 | -47.8 | |||||
March 31, 2023 | |||||||||||||
Profit | Profit | ||||||||||||
per share (Basic) | per share (Diluted) | ||||||||||||
Year ended | Yen | Yen | |||||||||||
296.92 | 296.92 | ||||||||||||
March 31, 2024 | |||||||||||||
Year ended | 440.92 | 440.92 | |||||||||||
March 31, 2023 | |||||||||||||
(2) Non-Consolidated Financial Position | |||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||
As of March 31, 2024 | 2,076,393 | 1,131,461 | 54.5 | 4,118.00 | |||||||||
As of March 31, 2023 | 1,826,337 | 1,044,948 | 57.2 | 3,803.06 |
(Reference) Shareholders' equity
As of March 31, 2024: ¥1,131,461 million;
As of March 31, 2023: ¥1,044,948 million
non-consolidated financial results for the year ended March 31, 2024 and the actual results for the previous year>
Ordinary profit decreased year over year due mainly to the decline in nickel prices, as well as the decrease in temporary positive factors during the year ended March 31, 2024, such as foreign exchange gain resulting from the rapid depreciation of the yen in the previous year.
Profit also decreased year over year for the same reasons as for ordinary profit mentioned above.
The consolidated financial results presented herein are not subject to audits by certified public accountants or audit corporations.
Explanation regarding appropriate use of operating results forecast and other special notes(Caution Regarding Forward-Looking Statements)
The forward-looking statements, including business results forecast, contained in this report are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this report and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.
(Supplementary Explanation Materials for Financial Results)
The Supplementary Explanation Materials will be posted on the Company's website on Thursday, May 9, 2024.
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Sumitomo Metal Mining Co. Ltd. published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 06:18:08 UTC.