for Investors - mitsui- .Engineered metal powders ... Rare metal compounds ( electronics, glass polishing,

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  • for Investors201112December 2011 2011

    MITSUI MINING & SMELTING CO., LTD.

    CODE 5706

  • Notes

    1.

    Not audited but based on audited financial statements prepared in accordance with accounting principlesthat were generally accepted in Japan when original statements were prepared.

    2. N/A N/A means that an appropriate figure was not available in original statements.

    3. Amounts less than a unit are principally rounded down.

  • Contents

    page 2 Business Areas

    10 4 Ten-year Review (Consolidated) 6 Financial Summary (Consolidated)

    8 Consolidated Balance Sheets 10 Consolidated Statements of Income

    12 Consolidated Statements of Cash Flows 14 Business Segment Information 16 Performance since Establishment

    17 Directors, Auditors and Executive Officers 18 Major Plants and Offices

    20 Corporate Data and Shareholders

    Mitsui Kinzoku is now one of the key suppliers of nonferrous metal derivativeswhich play a key role in high-tech industries. Its electronics-related materials ,including copper foil (for printed wiring boards) are indispensable for PCs, flat-panel TVs, mobile phones, and other cutting-edge electronics devices.

    Since its establishment in 1950, Mitsui Kinzoku has been a leading supplier ofsuch nonferrous metals as zinc and copper, and has been one of the worldslargest zinc producers. To take full advantage of its expertise in materialprocessing, Mitsui Kinzoku has diversified its profit sources to include automotiveparts production and recycling & environmental businesses .

    1 Financial Data Book MITSUI KINZOKU

  • Business Areas

    Business segment

    Copper Foil

    Engineered Materials

    Metals, Minerals and Environmental Engineering

    Automotive Partsand Components

    Other

    TABCOF

    2 Financial Data Book MITSUI KINZOKU

  • Business Areas

    Major products and services( Applications )

    Electrodeposited copper foil ( printed wiring boards ) 20113Results for fiscal year ended March 2011

    billion yen

    Battery materials ( dry batteries, hybrid powered vehicles )Engineered metal powders ( electronics, toner for copiers )Sputtering targets ( flat panel displays, magnetic data storage )Rare metal compounds ( electronics, glass polishing, optical lenses )Catalysts ( exhaust gas detoxifiers )Single crystals ( scintillators, optical lenses )Rare earths

    Zinc metal & alloy ( galvanized steel, die-casting )Copper metal ( electric wire, rolled copper and brass )Gold & silver ( electronics, photosensitives )Geothermal steam ( power generation )

    Lead metal ( car batteries, inorganic chemicals )Zinc & lead oxide ( glass, rubber )Perlite ( air filtration, soil improvement )Industrial waste treatmentArtificial light-weight aggregate ( light-weight concrete )

    Perlite ( construction, liquid filtration )

    Automotive components ( door latches, power slide door systems )

    Specialty ceramics ( furnace refractory, melted metal filtration )Die-casting products ( automobiles, machines, home electronics )Rolled copper & zinc ( electric parts, electrodes, roofs of buildings )Grinding wheels ( mechanical grinding )Trading

    TAB & COF tapes ( tape automated bonding of LCD driver ICs )Instrumentation systemsEngineeringInformation system

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    3 Financial Data Book MITSUI KINZOKU

  • 10 Ten-year Review (Consolidated)

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    Environmental

    Environmental

    Metals, Minerals & Environmental Engineering

    Copper Foil

    Automotive Parts & Components

    Engineered Materials

    4 Financial Data Book MITSUI KINZOKU

  • 10 Ten-year Review (Consolidated)

    Financial position

    Capital expenditures and depreciation

    ROA and ROE

    2002/32003/32004/3 2005/3 2006/3 2007/3 2008/3 2009/3 2010/3 2011/3

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    Operating income to total assets

    Net income to total shareholders' equity

    Total Shareholders' equity

    Total assets

    Interest-bearing debt

    5 Financial Data Book MITSUI KINZOKU

  • Financial Summary (Consolidated) Millions of yen for fiscal years ended 2011/3 2010/3 2009/3 2008/3

    Sales and profit/loss Net sales 446,487 392,364 427,191 595,463 Operating income 30,208 27,881 (27,031) 27,993 Recurring income 34,010 25,639 (30,310) 41,780 Net income 21,160 13,899 (67,256) 7,830

    EBITDAEarnings before interest, taxes,depreciation and amortization 55,170 50,388 (19,801) 53,069

    Financial position at fiscal year-end Total assets 411,027 416,541 410,258 486,238 Total shareholders' equity 125,947 111,341 94,145 184,995 Interest-bearing debt 171,460 191,515 202,468 151,924D/E D/E ratio 1.36 1.72 2.15 0.82 Shareholders' equity ratio 30.6% 26.7% 22.9% 38.0% Shares issued (thousand shares) 572,966 572,966 572,966 572,966 Outstanding shares excluding treasury stock 571,495 571,507 571,523 572,683

    Per share data Total shareholders' equity 194.8 194.8 164.7 323.0 Net income 24.3 24.3 (117.6) 13.6

    Net income [ diluted ] 24.3 24.3 (117.6) 13.6

    Cash dividends applicable to the year 3.0 3.0 - 12.0

    Profitability ratios Operating income to net sales 6.8% 7.1% (6.3%) 4.7% Operating income to *total assets 7.3% 6.7% (6.0%) 5.8% Net income to *total assets 5.1% 3.4% (15.0%) 1.6% Net income to *total shareholders' equity 17.8% 13.5% (48.2%) 4.2%

    * Average of beginning and end of fiscal year

    Cash flows Net cash from operating activities 22,545 19,610 30,038 41,657 Net cash from investing activities (26,286) (17,823) (36,922) (38,049) Depreciation and amortization 22,690 26,023 32,281 27,361 Capital expenditures 21,851 15,186 32,424 39,248

    Others Research and development expenses 4,942 5,105 8,232 8,616 Number of employees 9,810 9,851 11,189 11,369

    Metal prices and foreign exchange rates (average of fiscal year )

    LME Zinc (SHG) ($/t) 2,187 1,934 1,560 2,986 LME Copper (AG) ($/t) 8,140 6,101 5,864 7,584

    (c/lb) 369.2 276.7 266.0 344.0

    TTM JPY rate per US dollar 85.8 92.9 100.7 114.3 JPY rate at fiscal year-end 83.2 93.1 98.2 100.2

    Stock price per share

    Highest price of fiscal year 333 304 385 646 Lowest price of fiscal year 201 163 122 303 Price at fiscal year-end 289 280 162 312

    6 Financial Data Book MITSUI KINZOKU

  • Financial Summary (Consolidated)

    2007/3 2006/3 2005/3 2004/3 2003/3 2002/3 Notes

    591,518 503,370 438,143 393,928 378,608 373,442

    38,865 45,052 44,515 32,035 25,740 24,893

    56,585 50,487 45,433 29,702 21,226 18,760

    31,370 23,374 20,780 11,452 3,085 1,986

    77,446 65,738 64,425 42,034 46,189 46,577

    483,397 460,225 409,019 392,545 370,886 393,603

    185,513 159,772 133,963 115,398 103,237 105,219 07/3

    143,220 151,834 147,125 158,342 182,530 201,136 Total net assets - Minority interests from FY 07/3

    0.77 0.95 1.10 1.37 1.77 1.91

    38.4% 34.7% 32.8% 29.4% 27.8% 26.7%

    572,966 572,966 572,966 572,966 559,305 559,305

    572,713 572,748 572,788 572,847 559,220 559,296

    323.9 278.6 233.6 201.3 184.4 188.1

    54.7 40.5 36.0 19.8 5.3 3.5

    54.7 40.5 36.0 18.9 5.2 3.4

    12.0 10.0 7.0 5.0 5.0 5.0

    6.6% 9.0% 10.2% 8.1% 6.8% 6.7%

    8.2% 10.4% 11.1% 8.4% 6.7% 6.1%

    6.6% 5.4% 5.2% 3.0% 0.8% 0.5%

    18.2% 15.9% 16.7% 10.5% 3.0% 1.9%

    34,077 44,800 44,016 49,787 40,707 28,587

    (30,021) (43,039) (25,792) (14,716) (21,988) (18,319)

    25,617