Sumitomo Metal Mining : (Digest) Consolidated Financial Results for Year Ended March 31, 2024

Consolidated Financial Results for the Year Ended March 31, 2024 [IFRS]
Listed Company Name: Sumitomo Metal Mining Co., Ltd.	May 9, 2024
Code:	5713
Listings:	Tokyo Stock Exchange
URL:	https://www.smm.co.jp/
Representative:	Akira Nozaki, President and Representative Director
Contact:	Atsuyuki Inoue, Manager, PR & IR Dept.	TEL: [phone]

Scheduled Ordinary General Meeting of Shareholders: June 26, 2024

Scheduled Date to Start Dividend Payment: June 27, 2024

Scheduled Date to Submit Securities Report: June 26, 2024

Preparation of Supplementary Explanation Materials for Financial Results: Yes

Briefing on Account Settlement: Yes (for institutional investors and analysts)

(Amounts less than one million yen are rounded off)

1. Consolidated Financial Results (From April 1, 2023, to March 31, 2024)

1. Consolidated Operating Results

														(% figures show year-on-year change)
			Net sales	Profit before tax	Profit		Profit attributable to	Total comprehensive
				owners of parent	income
			Millions of		%		Millions of	%	Millions of			%	Millions of		%		Millions of	%
	Year ended	yen					yen		yen				yen					yen
	1,445,388		1.6		95,795	-58.3	60,803			-64.3	58,601		-63.5		206,651	-28.0
	March 31, 2024
	Year ended	1,422,989		13.0		229,910	-35.7	170,441			-42.9	160,585		-42.9		287,148	-30.9
	March 31, 2023
			Basic earnings per		Diluted earnings per	Return on equity	Profit before tax to
			share				share	total assets
					Yen				Yen				%			%
	Year ended			213.28				213.28				3.4			3.3
	March 31, 2024
	Year ended			584.44				584.44				10.4			9.2
	March 31, 2023
	(Reference) Equity in earnings (loss) of affiliates
	Year ended March 31, 2024: ¥33,117 million;
	Year ended March 31, 2023: ¥36,536 million
(2)	Consolidated Financial Position
			Total assets		Total equity	Equity attributable	Equity attributable		Equity attributable
				to owners of parent		to owners of parent
				to owners of parent
										ratio				per share
			Millions of yen		Millions of yen	Millions of yen			%			Yen
	As of March 31,	3,023,844		1,970,696	1,782,420			58.9			6,487.19
	2024
	As of March 31,	2,707,899		1,789,296	1,631,671			60.3			5,938.42
	2023
(3)	Consolidated Cash Flows
			Net cash provided by		Net cash used in		Net cash provided by		Cash and cash equivalents
			operating activities		investing activities		financing activities				at end of period
	Year ended			Millions of yen		Millions of yen			Millions of yen		Millions of yen
			210,675			(298,887)				7,090					151,022
	March 31, 2024
	Year ended			120,382			(185,503)				49,336					215,007
	March 31, 2023

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2. Dividends

		Dividend per share				Dividend
			Total		payout ratio to
						Dividend	equity
						dividend
	First	Second	Third			payout ratio	attributable to
	Year-end	Total	amount
	(Consolidated)	owners of
	quarter-end	quarter-end	quarter-end	(Annual)
				parent
								(Consolidated)
	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
Year ended	-	90.00	-	115.00	205.00	56,327	35.1	3.7
March 31, 2023
Year ended	-	35.00	-	63.00	98.00	26,927	45.9	1.6
March 31, 2024
Year ending
March 31, 2025	-	49.00	-	50.00	99.00		48.6
(Forecast)

3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2025 (From April 1, 2024, to March 31, 2025)

								(% figures show year-on-year change)
	Net sales		Profit before tax	Profit		Profit attributable to	Basic earnings
			owners of parent	per share
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	1,492,000		3.2	91,000	-5.0	62,000	2.0	56,000	-4.4	203.81

Notes

1. Change in Important Subsidiaries during the Period under Review (Change in specific subsidiaries that will accompany a change in scope of consolidation): None
2. Changes in Accounting Policies or Estimates

1)	Changes in accounting policies required by IFRS:	None
2)	Changes in accounting policies other than item 1) above:	None
3)	Changes in accounting estimates:	None

1. Number of Outstanding Shares (Common stock)
2. 1. Number of shares issued as of end of period (including treasury stock) 290,814,015 shares at March 31, 2024
      290,814,015 shares at March 31, 2023
   2. Number of shares of treasury stock as of end of period

16,054,245 shares at March 31, 2024

16,049,021 shares at March 31, 2023

1. Average number of shares during the period 274,762,204 shares for the year ended March 31, 2024 274,767,003 shares for the year ended March 31, 2023

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(Reference) Summary of Non-Consolidated Financial Results (J-GAAP)Non-Consolidated Financial Results (From April 1, 2023, to March 31, 2024)

(1) Non-Consolidated Operating Results

(% figures show year-on-year change)

	Net sales		Operating profit	Ordinary profit	Profit
	Millions of yen		%	Millions of yen		%	Millions of yen		%	Millions of yen		%
Year ended	1,279,284			3.1	85,670		-25.8	105,272		-36.6	81,583		-32.7
March 31, 2024
Year ended	1,241,086			14.7	115,408		-3.0	166,054		-16.1	121,149		-47.8
March 31, 2023
	Profit		Profit
	per share (Basic)	per share (Diluted)
Year ended				Yen			Yen
	296.92		296.92
March 31, 2024
Year ended		440.92		440.92
March 31, 2023
(2) Non-Consolidated Financial Position
	Total assets		Net assets	Equity ratio		Net assets per share
	Millions of yen	Millions of yen			%			Yen
As of March 31, 2024		2,076,393		1,131,461			54.5		4,118.00
As of March 31, 2023		1,826,337		1,044,948			57.2		3,803.06

(Reference) Shareholders' equity

As of March 31, 2024: ¥1,131,461 million;

As of March 31, 2023: ¥1,044,948 million

non-consolidated financial results for the year ended March 31, 2024 and the actual results for the previous year>

Ordinary profit decreased year over year due mainly to the decline in nickel prices, as well as the decrease in temporary positive factors during the year ended March 31, 2024, such as foreign exchange gain resulting from the rapid depreciation of the yen in the previous year.

Profit also decreased year over year for the same reasons as for ordinary profit mentioned above.

The consolidated financial results presented herein are not subject to audits by certified public accountants or audit corporations.

Explanation regarding appropriate use of operating results forecast and other special notes(Caution Regarding Forward-Looking Statements)

The forward-looking statements, including business results forecast, contained in this report are based on information available to the Company and on certain assumptions deemed to be reasonable as of the date of release of this report and they are not meant to be a commitment by the Company. Also, actual business results may differ substantially due to a number of factors.

(Supplementary Explanation Materials for Financial Results)

The Supplementary Explanation Materials will be posted on the Company's website on Thursday, May 9, 2024.

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