JX Advanced Shares Drop 16.8% After Guidance Miss

JX Advanced’s FY2025 operating profit hit ¥175 bn, beating its ¥150 bn guidance and analysts’ ¥167 bn estimate.
Despite the beat, shares plunged 16.8% after FY2026 guidance of ¥190 bn fell short of the ¥216 bn consensus.
Guidance assumes copper at $5.20/lb and ¥150/USD, below current spot $6.16/lb and ¥157/USD, pressuring outlook.
Company will issue ¥250 bn zero‑coupon convertible bonds (2029/2031) to fund a discounted tender‑offer buyback reducing Eneos’ stake.