November 5, 2009
Company name:
Representative’s name:Securities Code No.:

Contact:

Mitsubishi Materials Corporation
Akihiko Ide, President
5711
First Section of the Tokyo Stock Exchange,
First Section of Osaka Securities Exchange
Nobuyuki Suzuki, Manager,
Corporate Communications & IR Dept.
Tel: +81-3-5252-5206

Notice Regarding Discrepancies between Second-Quarter Performance
Forecast and Actual Results, Revision of Full-Year Forecast, and Revisionof Year-End Dividend Forecast
Discrepancies have appeared between the Group’s performance forecast for the second-quarter
period ended September 30, 2009 (forecast announced on August 3, 2009), and its actual results
for the same period. Details are shown below.
In consideration of its recent performance and other factors, moreover, the Group has revised
its full-year performance forecast and its year-end dividend forecast for the fiscal year ending
March 31, 2010, which was published on May 11, 2009.
1. Discrepancies between Second-Quarter Performance Forecast and Actual Results(April 1, 2009–September 30, 2009)(1) Details of Discrepancies(¥ millions, except per-share figures)
Net sales

Operatingincome

OrdinaryincomeNet income

Net income
per share (¥)

Previous forecast(August 3, 2009) (A)497,000(10,000)(34,000)(39,000)(30.75)Result for Second- Quarter
ended September, 2009 (B)490,179(6,054)(27,165)(32,504)(25.63)

Amount change (B-A)(6,821)

3,946

6,835

6,496

－

(1.4)

39.5

20.1

16.7

－

784,40236,34948,224

20,25015.94

Percentage change(%)(Reference) Result forSecond- Quarter ended
September, 2008

(2) Reasons for Discrepancies

In the second-quarter period ended September 30, 2009, net sales fell below the previous
forecast due to sluggish sales of rolled copper, rolled aluminum, and processed aluminumproducts. However, operating income, ordinary income, and net income showed improvements
over the previous forecast due to several factors. These included copper prices, which moved
above the Company’s initial projection, as well as demand from the automobile andsemiconductor sectors, which did not contract as much as originally expected.
12. Revision of Full-Year Forecast (April 1, 2009–March 31, 2010)(1) Details of Revision of Consolidated Performance Forecast
Net sales(¥ millions, except per-share figures)
OrdinaryNet income
Net incomeincome
per share (¥)

OperatingincomePrevious forecast(May 11, 2009) (A)1,060,000

11,000(21,000)(50,000)(39.42)

Revised forecast (B)1,050,000

4,000(27,000)(60,000)(47.31)

Amount change (B-A)(10,000)(7,000)(6,000)(10,000)－(0.9)(63.6)(28.6)(20.0)－

1,424,114

35,13440,046

6,106

4.81

Percentage change(%)(Reference) Result forYear ended March, 2008

(2) Details of Revision of Non-Consolidated Performance Forecast
Net sales(¥ millions, except per-share figures)
Ordinary
Net income
Net income
incomeper share (¥)

Operatingincome

Previous forecast(May 11, 2009) (A)525,000

02,000(27,000)(21.29)

Revised forecast (B)586,000(13,000)(6,000)(30,000)(23.65)

Amount change (B-A)

61,000(13,000)(8,000)(3,000)

－

11.6

－

－

(11.1)－

712,758

6,042

35,657

15,033

11.84

Percentage change(%)(Reference) Result forYear ended March, 2008

(3) Reasons for Revision

The business environment surrounding the Mitsubishi Materials Group will benefit from thecontinuing trend of copper prices above initial projections. However, demand from theautomobile and semiconductor sectors and demand related to domestic and overseas capital
expenditures are expected to remain stagnant for some time. The Group will work hard toimprove earnings, including by stepping up cost-cutting measures. However, its consolidated
performance will be impacted by harsh business conditions, leading to expectations that
operating income, ordinary income, and net income will fall below initial full-year forecasts. On
a non-consolidated basis, net sales in the second-quarter period increased year-on-year thanks tobuoyant copper prices. However, full-year figures for operating income, ordinary income, andnet income are expected to fall below previous forecasts.
Assumptions

Previous Forecast

Revised Forecast

Copper price160¢/lb244¢/lb

Exchange rate

¥95.00/USD¥92.70/USD

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3. Revision of Year-End Cash Dividend
In its previous forecast, the Group did not state a specific figure for the year-end cash dividend.
In consideration of our unavoidable downward revision to the full-year performance forecast,however, regrettably we will forego the year-end dividend for the current fiscal year.

Term-end
Previous Forecast
Revised Forecast
Result for year ended
March, 2009
Result for year ended
March, 2008

1Q－－

Cash Dividends per Share (Yen)
2Q
3Q
Year-End
0.00－(TBD)－－
0.00

Full-Year
(TBD)
0.00

－

0.00

－－－－

4.00

－

0.00

4.00

4. Future Strategies
In addition to adopting emergency cost-related measures, the Mitsubishi Materials Group has
worked in unison to implement strategies aimed at concentrating its business resources andtransforming itself into a low-cost operation. These actions are based on our “ComprehensiveManagement Measures.” However, our business performance has been impacted severely by theprolonged economic recession. For this reason, we have been forced to make a significant
downward revision to our full-year forecast, a matter that we take very seriously.
The Group remains steadfastly committed to implementing its “ComprehensiveManagement Measures” and adopting additional actions aimed at their further entrenchment. In
the process, we will transform the Group into a low-cost operation and build a firm businessfoundation, with the aim of returning to profitability in the year ending March 2011 andachieving major progress thereafter. To address current business conditions, which are worse
than originally expected, we will consider taking drastic actions, including improvement of ouroperational base and restructuring of our businesses.
Going forward, the Group stands united in its relentless pursuit of the aforementioned
measures. We are dedicated to reinforcing our business foundation and achieving an early
performance recovery.

Note: The above forecasts were prepared based on information, available at the time of this document’s release,pertaining to such factors as economic conditions and market trends. Due to unforeseen circumstances, however,actual results may differ from such forecasts.

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