Overview
Mining

Nittetsu Mining Co.,Ltd.

Nittetsu Mining Co., Ltd. is a diversified resources and industrial company engaged in the mining, processing, and sale of limestone, silica stone, copper, and related mineral products across Japan and Chile. The company also operates machinery and environmental equipment sales, real estate, and renewable energy businesses including geothermal steam supply and solar power generation. As an affiliate of Nippon Steel Corporation, the company benefits from long-standing relationships in the steel and resources industry and maintains a broad domestic mining network complemented by overseas copper mining assets.

Market Cap
¥206B
US$1.32B
EV
¥198B
US$1.27B
Stock¥2,663▼-1.48%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.2
x
LTM EV/EBIT
9.3
x
LTM PER
13.3
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+28.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Market-wide: March shock (-3.7%)
2Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
206BUS$1.32BMarket Cap72.4BUS$462M+ Debt39.6BUS$252M− Cash51.2BUS$327M− Inv. Sec.10.5BUS$67.2M+ NCI198BUS$1.27BEV
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Performance & Balance
Revenue 5Y (¥B)
149US$951M'22/3164US$1.05B'23/3167US$1.06B'24/3197US$1.25B'25/3210US$1.34B'26/3
EBITDA 5Y (¥B)
21.1US$135M'22/319.1US$122M'23/317.2US$110M'24/318.7US$119M'25/326.3US$168M'26/3
Net Income 5Y (¥B)
9.28US$59.2M'22/39.78US$62.4M'23/36.60US$42.1M'24/39.02US$57.5M'25/314.0US$89.5M'26/3
Capital Structure
69%
31%
EquityD/E 0.46xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
62.4US$398M23.0US$146M'22/370.9US$452M22.9US$146M'23/377.4US$494M22.2US$141M'24/377.2US$492M24.4US$155M'25/393.3US$595M64.1US$409M'26/3
Shareholders
Top 10 hold 53.0%
1
NIPPON STEEL CORPORATION
10.32%
2
THE NORTHERN TRUST COMPANY AVFC S/A CONTINENTAL GENERAL INSURANCE COMPANY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
9.68%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.14%
4
Nittetsu Mining Scholarship Foundation
8.14%
5
Aso Corporation
5.00%
6
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.73%
7
Sumitomo Mitsui Banking Corporation
2.49%
8
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
2.02%
9
Nittetsu Mining Co.,Ltd. Stock Ownership Association
1.83%
10
Sumitomo Osaka Cement Co.,Ltd.
1.64%
Management
9 officers
Reiichi MORIKAWA
Representative Director, President
Apr 1986 Joined the Company Jun 2012 General Manager, Resources Sales Department, Head Office Jun 2015 Executive Officer, General Manager, Resources Sales Department Apr 2017 Director, President, Atacama Cozan Mine Special Contract Company Jun 2017 Director, in charge of Metals Sales Department; General Manager, Resources Sales Department Oct 2017 Director, in charge of Resources Sales Department and Metals Sales Department Jun 2019 Managing Director, in charge of Resources Sales Department and Metals Sales Department Apr 2021 Representative Director, President (current)
1962-05-08
Ken SODA
Director, Managing Executive Officer, in charge of Safety and Environment Department, Production Engineering Department, and Overseas Resources Business Department
Apr 1988 Joined the Company May 2018 Acting President, Atacama Cozan Mine Special Contract Company Jun 2021 Executive Officer; Director, Torigatayama Mining Office Jun 2023 Executive Officer, in charge of Production Engineering Department and Safety and Environment Office; General Manager, Production Engineering Department Dec 2024 Executive Officer, in charge of Safety and Environment Department and Production Engineering Department; General Manager, Production Engineering Department Jun 2025 Director, Executive Officer, in charge of Safety and Environment Department, Production Engineering Department, and Overseas Resources Business Department (current) Jun 2026 Director, Managing Executive Officer, in charge of Safety and Environment Department, Production Engineering Department, and Overseas Resources Business Department
1965-10-01
Hiroki OSADA
Director, Executive Officer, in charge of Corporate Planning Department and Accounting Department
Apr 1994 Joined the Company May 2019 General Manager, Accounting Department, Head Office Apr 2022 General Manager, Corporate Planning Department, Head Office Jun 2024 Executive Officer, General Manager, Corporate Planning Department Apr 2025 Executive Officer, in charge of Corporate Planning Department; General Manager, Corporate Planning Department (current) Jun 2026 Director, Executive Officer, in charge of Corporate Planning Department and Accounting Department
1970-06-04
Takao ASAKI
Director, Executive Officer, in charge of Information Systems Department and Resources Development Department; General Manager, Resources Development Department
Oct 2001 Joined the Company Oct 2017 Representative Director, Arukeros Mine Co., Ltd. Jul 2023 General Manager, Resources Development Department, Head Office Jun 2024 Executive Officer, General Manager, Resources Development Department Apr 2025 Executive Officer, in charge of Resources Development Department; General Manager, Resources Development Department (current) Jun 2026 Director, Executive Officer, in charge of Information Systems Department and Resources Development Department; General Manager, Resources Development Department
1971-03-15
Seiji YASUDA
Director, Full-time Audit and Supervisory Committee Member
Apr 1986 Joined the Company Jun 2013 General Manager, Accounting Department, Head Office Jun 2016 Managing Director, Hachinohe Mining Co., Ltd. Jun 2019 Full-time Corporate Auditor Jun 2023 Director, Full-time Audit and Supervisory Committee Member (current)
1964-03-01
Nobumichi IZUMI
Director
Apr 1977 Joined Nihon Keizai Shimbun, Inc. (Nikkei Inc.) Mar 2011 Executive Officer, Editorial Bureau Chief, Osaka Head Office, Nikkei Inc. Mar 2012 Managing Executive Officer, Editorial Bureau Chief, Osaka Head Office, Nikkei Inc. Mar 2013 Senior Managing Executive Officer, Representative, Nagoya Branch, Nikkei Inc.; Director, Nikkei Nagoya Production Center Co., Ltd. Mar 2015 Adviser, Nikkei Inc. Jun 2015 Chief Research Director, Japan Center for Economic Research (public interest incorporated association) Mar 2018 Visiting Staff, Nikkei Inc. Jun 2019 Director, the Company (current)
1952-11-05
Kenichi ITAKURA
Director
Apr 2002 Professor, Department of Information Engineering, Muroran Institute of Technology Apr 2004 Vice President, Muroran Institute of Technology Apr 2012 Director, Research Center for Environmental Science and Disaster Mitigation, Muroran Institute of Technology Aug 2012 Director, Mikasa Unused Coal Energy Research Facility, Muroran Institute of Technology Oct 2016 Director, Mikasa Underground Coal Gasification Site, Muroran Institute of Technology Apr 2019 Specially Appointed Professor, Graduate School of Engineering, Muroran Institute of Technology (current) May 2019 Professor Emeritus, Muroran Institute of Technology Jun 2021 Director, the Company (current)
1953-04-11
Noriko AOKI
Director, Audit and Supervisory Committee Member
Apr 1994 Registered as attorney-at-law; affiliated with Arai Shigetaka Law Office Apr 1999 Affiliated with Aoki Law Office Apr 2004 Attached to Litigation Department, Tokyo Legal Affairs Bureau, Ministry of Justice Apr 2009 Affiliated with Shin-Yotsuya Law Office (current) Apr 2021 Vice President, Second Tokyo Bar Association; Managing Director, Japan Federation of Bar Associations Jun 2022 Director, the Company Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1957-01-28
Noriko MICHIMATA
Director, Audit and Supervisory Committee Member
Sep 2002 Visiting Associate Professor (Counselor), Health Care Center, Tokyo Institute of Technology (now Institute of Science Tokyo) Aug 2008 Visiting Professor (Counselor), Health Care Center, Tokyo Institute of Technology (now Institute of Science Tokyo) Mar 2013 Specially Appointed Professor (Counselor), Health Care Center, Tokyo Institute of Technology (now Institute of Science Tokyo) Apr 2021 Professor and Deputy Director, Student Support Center, Tokyo Institute of Technology (now Institute of Science Tokyo); Head, Student Counseling Division; Head, Support Division for Persons with Disabilities, Diversity Promotion Office Oct 2024 Professor and Deputy Director, Ookayama Student Support Center, Institute of Science Tokyo; Director, Student Counseling Support Office; Head, Support Division for Persons with Disabilities, DE&I Office Apr 2025 Specially Appointed Professor, Ookayama Student Support Center, Institute of Science Tokyo (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1959-04-24
Large Shareholding Reports
Mizuho Bank, Ltd.
2026-03-06
3.52%→3.68%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-06
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-07-28
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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