Key Developments: Mitsui Mining and Smelting Co Ltd (5706.T)

5706.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitsui Mining and Smelting Co Ltd amends consolidated mid-year and full-year outlook for FY 2015
Friday, 8 Aug 2014 02:00am EDT 

Mitsui Mining and Smelting Co Ltd:Says the company decreased the consolidated mid-year outlook for revenue to 215,700 million yen from 216,500 million yen for FY ending March 2015.Operating profit forecast increased to 9,600 million yen from 8,600 million yen.Ordinary profit forecast increased to 10,500 million yen from 8,000 million yen.Net profit forecast increased to 7,700 million yen from 5,600 million yen.Earnings per share increased to 13.48 yen from 9.81 yen.Says the company lowered the consolidated full-year outlook for revenue to 446,200 million yen from 447,000 million yen for FY ending March 2015.Sees an increased operating profit forecast to 25,000 million yen from 24,000 million yen.Sees an increased ordinary profit forecast to 27,500 million yen from 25,000 million yen.Sees an increased net profit forecast to 17,100 million yen from 15,000 million yen.Sees a decrease of earnings per share to 29.94 yen from 26.26 yen per share.FY 2015 revenues of 448.45 billion yen, reported net profit of 16.44 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase in functional materials business and price rise of zinc and indium are the main reasons for the forecast.  Full Article

Mitsui Mining and Smelting revises consolidated full-year outlook for FY 2014
Tuesday, 22 Apr 2014 02:00am EDT 

Mitsui Mining and Smelting Co Ltd:Says the company increased the consolidated full-year outlook for revenue to 441,000 million yen from 435,700 million yen for the fiscal year ended March 2014.Sees an increased operating profit forecast to 25,700 million yen from 22,300 million yen.Sees a decrease of ordinary profit forecast to 13,600 million yen from 22,400 million yen.Sees a decrease of net profit forecast to 3,600 million yen from 14,100 million yen.Sees a decrease of earnings per share to 6.3 yen from 24.69 yen.FY 2014 revenues of 438.12 billion yen, reported net profit of 14.37 billion yen – Thomson Reuters I/B/E/S.Comments the overall smooth progress and of depletion loss copper ore deposit project are the main reasons for the forecast.  Full Article

Mitsui Mining and Smelting Co Ltd raises year-end dividend forecast for FY 2014 and to establish new subsidiary and to transfer die casting business to new subsidiary
Thursday, 20 Mar 2014 02:00am EDT 

Mitsui Mining and Smelting Co Ltd:Sees year-end dividend of 4.00 yen per share raised from 3.00 yen per share, for the FY ending March 2014.To establish a new wholly owned subsidiary in Yamanashi, Japan on July 1.New subsidiary is capitalized at 300 million yen and engaged in production and selling of die casting product, powder metallurgy product, ejection molded article, MIM product, as well as manufacturing assembling and selling of artefacts.To transfer die casting business to the new subsidiary on July 1.  Full Article

Mitsui Mining and Smelting Co Ltd Raises Consolidated Mid-year and Full-year Guidance for FY 2014
Monday, 21 Oct 2013 02:00am EDT 

Mitsui Mining and Smelting Co Ltd announced that the Company has raised the consolidated mid-year guidance for revenue from JPY 211,000 million to JPY 216,700 million, operating profit from JPY 6,800 million to JPY 11,900 million, ordinary profit from JPY 7,200 million to JPY 12,600 million, net profit from JPY 5,400 million to JPY 8,700 million and earning per share from JPY 9.45 to JPY 15.23 for the fiscal year ending March 31, 2014. The Company has also raised the consolidated full-year guidance for revenue from JPY 419,100 million to JPY 435,700 million, operating profit from JPY 17,100 million to JPY 20,900 million, ordinary profit from JPY 17,500 million to JPY 21,400 million, net profit from JPY 10,700 million to JPY 13,100 million and earning per share from JPY 18.73 to JPY 22.94 for the fiscal year ending March 31, 2014. This is due to increased sales. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 424.27 billion and net profit of JPY 11.94 billion for the fiscal year ending March 2014.  Full Article

Mitsui Mining and Smelting Co Ltd Announces MicroThin Production Expansion in Japan Plant
Wednesday, 31 Jul 2013 02:00am EDT 

Mitsui Mining and Smelting Co Ltd announced that it has decided to increase a capacity of MicroThin, which is ultra-thin electrodeposited copper foil with carrier used for IC substrate, from 1.0 million square meters per month to 1.4 million square meters per month at Ageo plant in Japan.  Full Article

Mitsui Mining and Smelting Co Ltd to Establish New Subsidiary
Wednesday, 31 Jul 2013 02:00am EDT 

Mitsui Mining and Smelting Co Ltd announced that it will establish a wholly owned subsidiary Mitsui Kinzoku Catalysts America Inc. in Kentucky State, the United States, which will be engaged in the manufacture and sale of automobile catalyst and general engine catalyst, in July 2013.  Full Article

R&I Withdraws Rating on Mitsui Mining & Smelting Co., Ltd. of "BBB+"
Thursday, 23 May 2013 02:00am EDT 

Rating and Investment Information, Inc. (R&I) announced that it has withdrawn the rating on Mitsui Mining & Smelting Co., Ltd. of "BBB+".  Full Article

Mitsui Mining and Smelting Co Ltd Amends Year-end Dividend Forecast for FY 2013
Friday, 8 Feb 2013 01:00am EST 

Mitsui Mining and Smelting Co Ltd announced that it has amended the year-end dividend forecast from an undetermined value, which was disclosed on November 6, 2012, to JPY 3 per share, for the fiscal year ending March 31, 2013.  Full Article

Mitsui Mining and Smelting Co Ltd to Establish New Subsidiary in Vietnam and Sub-subsidiary in Indonesia
Thursday, 20 Dec 2012 01:00am EST 

Mitsui Mining and Smelting Co Ltd announced that it has decided to establish a wholly owned subsidiary Mitsui Kinzoku Catalysts Vietnam Co., Ltd. in Vietnam, which will be engaged in the manufacture and sale of automotive and engine catalysts, in January 2013. The Company's subsidiary MITSUI KINZOKU ACT CORPORATION will establish a subsidiary PT. Mitsui Kinzoku ACT Indonesia in Indonesia, which will be engaged in manufacture and sale of automobile functional parts, in March 2013.  Full Article

Mitsui Mining and Smelting Co Ltd Sells Mitsui Zinc Powder Limited Liability Company to Horsehead Corporation
Monday, 19 Nov 2012 01:00am EST 

Mitsui Mining and Smelting Co Ltd announced that it has sold a wholly owned sub-subsidiary, Mitsui Zinc Powder Limited Liability Company, engaged in provision of alkali battery zink powder, to Horsehead Corporation, a United States-based company engaged in manufacturing and sales of zink and zink chemicals, on November 16, 2012.  Full Article

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