DOWA Beats Guidance, Forecasts 47% Profit Rise

DOWA posted FY2026 recurring profit of ¥54.3 billion, beating its ¥45 billion guidance.
The outperformance was driven by higher metal prices, stronger equity‑method income from overseas zinc mines, and lower Q4 derivative losses.
For FY ending March 2027, DOWA forecasts recurring profit of ¥80 billion, a 47% rise, assuming ¥155 per dollar exchange rate.
The company expects continued support from elevated metal prices, normalized inventory, hedging effects, and higher mining contributions.