Business Description

Mitsui Mining & Smelting Co., Ltd. is involved in the production and sale of electronics, functional materials, and automotive parts. The company’s business is organized into the following segments: Engineered Materials and Metals, Automotive Parts and Components, and Affiliates Coordination. Engineered Materials offers exhaust gas purification catalysts,  battery materials, and functional powders. Copper foil is also available.

Ceramic products are also offered by the segment. Metals include zinc, lead, and copper as well as gold and silver. The company also operates in the area of resource recycling. The Automotive Parts and Components division deals with the sale and production of automobile door locks. The Affiliates coordination segment includes die-cast, powder metallurgical, and pearlite products. The Tokyo headquarters of the company, founded in September 1874, is located in Tokyo.

Key Financials

Revenue (US$ Mn)

• US$ 4,909 Mn was the annual revenue generated by Mitsui Mining & Smelting Co., Ltd. in 2021
• Mitsui Mining & Smelting Co., Ltd.’s annual revenue for 2020 was US$ 4,357 Mn, a -3.1% decrease from 2019
• From 2018’s annual revenues, Mitsui Mining & Smelting Co., Ltd. registered a -7.23% decrease in 2019, amounting to US$ 4,496 Mn
• Total revenue of US$ 4,847 Mn was generated in 2018 by Mitsui Mining & Smelting Co., Ltd.

Operating Income (US$ Mn)

• Mitsui Mining & Smelting Co., Ltd.’s operating income for 2021 was US$ 480 Mn, a 300.25% increase from 2020
• The operating income generated by Mitsui Mining & Smelting Co., Ltd. in 2020 was US$ 120 Mn
• At a -64.42% decrease from , Mitsui Mining & Smelting Co., Ltd.’s operating income of US$ 164 Mn was indexed in 2019
• Mitsui Mining & Smelting Co., Ltd. generated an operating income of US$ 462 Mn in 2018

Net Income (US$ Mn)

• US$ 420 Mn was the net income generated by Mitsui Mining & Smelting Co., Ltd. in 2021
• Mitsui Mining & Smelting Co., Ltd.’s net income for 2020 was US$ 14 Mn, a -66.27% decrease from 2019
• From 2018’s net incomes, Mitsui Mining & Smelting Co., Ltd. registered a -752.31% decrease in 2019, amounting to US$ 42 Mn
• A net income of US$ -7 Mn was generated in 2018 by Mitsui Mining & Smelting Co., Ltd.

Operating Margin %

• Mitsui Mining & Smelting Co., Ltd.’s operating margin for 2021 was 10%, a 259.26% increase from 2020
• The operating margin generated by Mitsui Mining & Smelting Co., Ltd. in 2020 was 3%
• At a -62.11% decrease from , Mitsui Mining & Smelting Co., Ltd.’s operating margin of 4% was indexed in 2019
• Mitsui Mining & Smelting Co., Ltd. generated an operating margin of 10% in 2018

SWOT Analysis

Strengths

Focus on R&D

R&D activities at the company were focused on developing new products and improving existing processes. The company is involved in R&D through the Materials Analysis & Exploration Center and R&D Center. It spent JPY10.125 million on R&D in FY2020. This was 2.1% of its total revenue and grew by 6% YoY. It had 3,828 patents worldwide and had received 243 applications from Japan.

Its Materials Analysis & Exploration Center is a corporate laboratory that specializes in evaluation and analysis technologies. Its mission is to support manufacturing and product development at a company-wide level. The R&D Center at the company is responsible for developing new technologies and products. The Mineral Resources Division engages in strategic mining to ensure sustainable and stable development of smelting operations.

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