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Sumitomo Metal Mining Fiscal Q2 2027: Toyo Problems and a Nickel Impairment Cut the Outlook as Battery Recycling Expands

Sumitomo Metal Mining raised first-half profit 67% on higher metal prices, then cut its full-year profit forecast by about 25% after a 41.6 billion yen impairment at its CBNC nickel operation and equipment problems at the Toyo copper smelter. It completed a battery recycling plant in September and also recycles circuit boards and other scrap. Continue reading below.
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Sumitomo Metal Mining Co., Ltd. (TSE: 5713) · Copper and nickel smelting and refining, mining, battery and advanced materials
· Sector module: smelters and refiners (primary); storage, memory and components (secondary, for advanced materials)
· Lifecycle role: materials buyer (copper concentrate; used printed circuit boards and copper and precious-metal scrap; spent lithium-ion batteries); supplier of materials used in data-center electronics and battery cathodes
· Fiscal Q2 2027 (Q2 of the fiscal year ending March 31, 2027, which the company itself labels FY2026) corresponds to calendar Q3 2026 (July–September 2026); first half ended September 30, 2026. Finding IDs in this report use the calendar quarter.
· Results announced November 10, 2026 · Compared with the same periods a year earlier · IFRS · Figures in Japanese yen

1. Operational summary

Sumitomo Metal Mining raised first-half profit 67% on higher metal prices, then cut its full-year profit forecast by about 25% after a 41.6 billion yen impairment at its CBNC nickel operation and equipment problems at the Toyo copper smelter. It completed a battery recycling plant in September and also recycles circuit boards and other scrap.

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Author: David Daoud | Principal Analyst

David Daoud has researched the mainstream IT hardware market since 1996 and expanded into hardware disposition research in 2003. He has spearheaded the creation of IDC’s GRADE certification. Since then, David has been providing consulting and expert advice to companies looking to establish best practice in their IT equipment decommissioning and helped leading ITAD service providers assess demand, understand competition, and forecast what’s to come. David is currently the Principal Analyst at Compliance Standards, which focuses entirely on the end-of-life of IT equipment. He can be reached at 754-229-0095 or at ddaoud@compliance-standards.com
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