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MarketScreener Homepage  >  Equities  >  Tokyo  >  Sumitomo Metal Mining Co., Ltd.    5713   JP3402600005

SUMITOMO METAL MINING CO., LTD.

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Sumitomo Metal Mining : Japans Sumitomo Mining cuts copper, nickel output for current financial year

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04/03/2019 | 04:39am EDT

Japanese base metal producer Sumitomo Metal Mining said Monday it plans to cut its copper and nickel cathode output in the current financial year ending March 2020 due to plant maintenance and tight feedstock supplies.

The company plans to produce 420,000 mt of copper cathode in the current April 2019-March 2020 financial year, down 7% from an estimated output of 452,000 mt in the previous financial period. Its Toyo smelter will close for 35 days in October for maintenance.

The copper output of 420,000 mt is the lowest since the 419,500 mt production during the April 2015-March 2016 period.

It plans to produce 62,600 mt of nickel cathode in the current financial year, down 4% from the estimated output of 64,900 mt in the previous period. This is the lowest production since the 57,700 mt output in the April 2014-March 2015 financial year.

Ferronickel production is seen at 13,300 mt for the current financial year, up 7% from the estimated output of 12,400 mt in the previous period.

(c) The Observer 2019 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (JPY)
Sales 2020 879 B
EBIT 2020 68 727 M
Net income 2020 53 591 M
Debt 2020 435 B
Yield 2020 2,10%
P/E ratio 2020 16,6x
P/E ratio 2021 13,3x
EV / Sales2020 1,52x
EV / Sales2021 1,46x
Capitalization 898 B
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Technical analysis trends SUMITOMO METAL MINING CO.,
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 3 550,00  JPY
Last Close Price 3 269,00  JPY
Spread / Highest target 46,8%
Spread / Average Target 8,60%
Spread / Lowest Target -17,4%
EPS Revisions
Managers
NameTitle
Akira Nozaki President & Representative Director
Yoshiaki Nakazato Chairman
Yasuyuki Nakayama Auditor
Masahiro Morimoto Manager-Accounting & Head-Information Systems
Masaki Imamura Managing Executive Officer & GM-Technology
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