5 stories mentioning TYO:5713
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Sumitomo Metal Mining (TYO:5713) has an average rating of overweight and mean price target of 11,695 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Japanese equities closed lower on Monday, in line with its Asian peers, amid mounting pressure from rising oil prices as the negotiations in the Iran conflict stall.The Nikkei 225 closed down 593.34 points, or 1.0%, at 60,815.95.Fresh drone attacks in the Gulf regions pushed oil prices and bond yields higher on Monday, according to a Reuters report.Brent crude rose to over $111 per barrel, as the talks for the restoration of the passage through the strategic Strait of Hormuz remain unresolved.Investor sentiment was further dampened by U.S. President Donald Trump, warning that the "clock is ticking" before the U.S. launches harder strikes.A report by Nikkei Asia also indicated that yields on 10-year Japanese government bonds hit their highest in 29 years at 2.8% on Monday, amid investor concerns over inflation and the fiscal situation.On the corporate side, shares of Japan Post Insurance's (TYO:7181) slumped over 11% on Monday, even as its net income attributable jumped 37% to 168.80 billion yen for the fiscal year 2025 from 123.47 billion yen a year earlier.
Japanese firms are building Southeast Asian rare-earth supply chains to reduce China dependence, with Sumitomo Metal Mining (TYO:5713) using Philippine resources and Sojitz (TYO:2768) developing mines in Vietnam and Malaysia, Nikkei reported on Monday.During fiscal 2026, Sumitomo Metal Mining plans to boost its output of scandium--a rare-earth metal essential for fuel cell technology--by 20%, the publication said.The company will extract raw ore from a Philippine mine where it holds an interest, then process the material into finished products at its facility in Hyogo Prefecture, the news daily said.Incorporating scandium into fuel cells improves their durability and allows them to function at lower temperatures, and with global demand for the metal doubling in 2025, fuel cells are increasingly viewed as a key energy source for rapidly expanding AI data centers, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Sumitomo Metal Mining's (TYO:5713) profit attributable to owners of the parent soared 969% to 176.3 billion yen in fiscal year 2025 from 16.5 billion yen a year earlier.The battery manufacturer's earnings per share increased to 649.53 yen from 59.99 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 9.3% to 1.742 trillion yen in the year ended March 31 from 1.593 trillion yen in the prior year.Sumitomo Metal Mining declared a final dividend of 163 yen per share, payable from June 26.For fiscal year 2026, the company expects attributable profit of 139 billion yen, basic EPS of 518.08 yen, and net sales of 1.883 trillion yen.Sumitomo Metal Mining plans to pay interim and year-end dividends of 103 yen and 104 yen per share, respectively, for the year, higher than the amount paid in the year-ago period.