Mitsui Kinzoku shares surge to record high on strong guidance

Japanese metals giant Mitsui Kinzoku Co. witnessed its shares surge to an all-time high on the Tokyo Stock Exchange on Friday, May 12, 2025, after the company released robust quarterly guidance that exceeded market expectations. The company's stock price climbed 8.7% to close at ¥4,280 ($28.50), marking its highest level since its listing, as investors responded positively to the company's optimistic outlook for the upcoming fiscal year. Mitsui Kinzoku's management attributed the strong performance to increased demand for specialty metals used in renewable energy technologies and electric vehicle production, combined with successful cost reduction measures implemented across their global operations. Market analysts have raised their price targets for the stock, with several major investment firms upgrading their ratings to 'buy' citing the company's strategic positioning in the growing green energy transition market. The surge comes amid a broader rally in Japanese industrial stocks, with the Nikkei 225 index gaining 1.2% on the day, led by materials and manufacturing companies showing strong export prospects.