4 stories mentioning TYO:5706Updated 26d ago
Every FINWIRES story that references TYO:5706, newest first.
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Mitsui Mining & Smelting (TYO:5706) has an average rating of buy and mean price target of 55,527.27 yen, according to analysts polled by FactSet.
Mitsui Kinzoku (TYO:5706) will implement a 10-for-1 stock split effective Oct. 1, for shareholders on record as of Sept. 30, aiming to lower the investment threshold and broaden its investor base.The split will increase total issued shares from approximately 57.4 million to 574.2 million, with authorized shares rising to 1.9 billion.The company also revised its year-end dividend forecast to 14 yen per share on a post-split basis, reflecting the split ratio with no changes to the previously disclosed payout.
Mitsui Kinzoku (TYO:5706) posted a year-over-year rise in profit attributable to owners of the parent to 16.8 billion yen for the three months ended June 30 from a loss of 5.97 billion yen.The Japan-based metal supplier's basic earnings per share increased to 294.08 yen from a loss of 104.41 yen a year ago, according to a Tokyo Stock Exchange filing on Friday.Net sales jumped 19% to 201.6 billion yen from 169 billion yen in the year-ago period.In a separate filing, the company raised its forecast for the fiscal year ending March 31, 2027, with an attributable profit of 80 billion yen, basic EPS of 139.83 yen, and net sales of 850 billion yen.The company plans to pay a second quarter-end dividend of 140 yen per share for the current fiscal year.
Mitsubishi Materials (TYO:5711) has entered a final agreement to integrate its business related to the purchase of copper concentrates and the sale of related products into Pan Pacific Copper (PPC), a joint venture among JX Advanced Metals (TYO:5016), Mitsui Kinzoku (TYO:5706) and Marubeni (TYO:8002).The integration will be implemented through a two-step absorption-type company split, under which PPC will establish a new wholly owned subsidiary to receive the business, with the transaction scheduled to take effect on Oct. 1, subject to regulatory approvals.Following the integration, Mitsubishi Materials will hold a 32% stake in PPC, and PPC will become an equity-method affiliate of the company, according to a Tokyo bourse filing on Thursday.The company's board of directors resolved to proceed with the integration on May 28, 2026, following a basic agreement announced in November 2025.
