Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
An update from Nittetsu Mining Co., Ltd. ( (JP:1515) ) is now available.
Nittetsu Mining has raised its full-year forecast for the fiscal year ending March 31, 2026, citing higher-than-expected copper prices in its Metallic Minerals Division, a weaker yen, stronger by-product revenues on the smelting side, and delays in planned growth investments. The company now expects net sales of ¥209.7 billion, operating profit of ¥18.8 billion, ordinary profit of ¥20.2 billion and profit attributable to owners of parent of ¥14 billion, all significantly above both its previous guidance and last year’s results.
Ordinary profit and bottom-line earnings are also being lifted by stronger equity-method investment income and foreign exchange gains at an overseas subsidiary, underscoring the favorable external environment for the group’s resource operations. Reflecting this earnings upgrade and a policy of targeting a 40% consolidated payout ratio or a minimum dividend floor, Nittetsu Mining has lifted its year-end dividend forecast to ¥48 per share after its 5-for-1 stock split, an increase that signals improved shareholder returns and confidence in its profit outlook.
More about Nittetsu Mining Co., Ltd.
Nittetsu Mining Co., Ltd. is a Japanese resources and materials company listed on the TSE Prime Market, operating in metallic minerals and related businesses such as copper mining and smelting. The group’s earnings are closely tied to commodity prices, foreign exchange trends, and by-product revenues, reflecting its exposure to global resource markets and overseas subsidiaries.
YTD Price Performance: 13.72%
Average Trading Volume: 1,239,562
Technical Sentiment Signal: Buy
Current Market Cap: Yen201.1B
See more insights into 1515 stock on TipRanks’ Stock Analysis page.