Consolidated Financial Results for the Three Months Ended June 30, 2013
Mitsubishi Materials Corporation
Tokyo, Japan

August 8, 2013
Stock code:
Shares listed:
URL:
Representative:
For further information please contact:

5711
Tokyo Stock Exchange
http://www.mmc.co.jp/
Mr. Hiroshi Yao, President
Mr. Naoya Sasaki, Manager, Corporate Communications & IR Dept.
Tel: +81-3-5252-5206
Filing date of Quarterly Report:
August 9, 2013
Scheduled date of start of dividend payment:－
Supplementary materials for the quarterly financial results: Yes
Investor conference for the quarterly financial results:
Yes (For Corporate Investors)

1. Results of the three months ended June 30, 2013 (From April 1, 2013 to June 30, 2013)(1) Results of operations (cumulative):(Millions of yen)
(Percentage changes relative to previous corresponding period)
Net sales¥359,130(Note) Comprehensive income

16.0(%)¥17,002

Ordinary income

50.9(%)¥16,790

Net income-1.7(%)¥17,734228.5(%)¥309,674-12.4(%) ¥11,268 -24.1(%)¥17,072 35.1(%)
Three months ended Jun 30, 2013: 30,134 million yen (3,975.3%)
Three months ended Jun 30, 2012: 739 million yen (-90.0%)(Yen)¥5,398-1.9(%)

Three Months Ended June 30, 2013
Three Months Ended June 30, 2012

Operating profit

Net income per share

Diluted net income per share¥13.53¥4.12－－

Three Months Ended June 30, 2013
Three Months Ended June 30, 2012

(2) Financial Position:(Millions of yen)
Total assets
As of June 30, 2013
As of March 31, 2013

(Reference) Shareholders’ equity

Shareholders’ equity ratio

Net assets¥1,792,675¥1,811,767
As of June 30, 2013: 427,537 million yen
As of March 31, 2013: 405,230 million yen¥491,117¥466,231

23.8(%)
22.4(%)

2. Dividend payments(Yen)(Record date)Year Ended March 31, 2013
Year Ending March 31, 2014

First Quarter－－

Dividends per Share
Second Quarter
Third Quarter
¥0.00
－
¥2.00

Year Ending March 31, 2014 (Forecast)－Year-End¥4.00

Annual
¥4.00

¥4.00

¥6.00

(Note) Revisions to dividend forecast in the current period: No

3. Forecast (From April 1, 2013 to March 31, 2014)

Six Months Ending
September 30, 2013
Year Ending March
31, 2014(Millions of yen)
(Percentage changes relative to previous corresponding period)
Net income
Ordinary income
Net income
per share

Net sales

Operatingprofit¥710,000 11.7 (%)¥31,000 17.1 (%)¥31,000 -11.3 (%)¥25,000 53.6 (%)¥19.07 (yen)¥1,480,000 15.0 (%)¥72,000 37.1 (%)¥80,000 7.5 (%)¥45,000 21.8 (%)¥34.33 (yen)(Note) Revisions to forecast in the current period: No

* Notes(1) Significant changes of subsidiaries during the period (including changes in scope of consolidation): None
(2) Application of specific accounting treatment: Yes(Note) For details, please see “(1) Application of Specific Accounting Treatment” under “2. Summary Information (Notes)” on
page 5.

(3) Changes in accounting policies; changes in accounting estimates; restatements(i) Changes in accounting policies due to amendment of accounting standards: None(ii) Other changes in accounting policies: None(iii) Changes in accounting estimates: None(iv) Restatements: None
(4) Number of issued shares (common stock)(i) Number of issued shares at end of year (including treasury shares)Three months ended June 30, 2013: 1,314,895,351 sharesYear ended March 31, 2013:
1,314,895,351 shares(ii) Number of treasury shares at end of year
Three months ended June 30, 2013: 4,252,051 sharesYear ended March 31, 2013:
4,193,557 shares(iii) Average number of shares during the period (quarterly cumulative period)
Three months ended June 30, 2013: 1,310,675,352 shares
Three months ended June 30, 2012: 1,311,332,940 shares*Indication regarding the situation of quarterly review procedures
These financial results are not subject to the quarterly review procedures pursuant to the Financial Instruments and Exchange Act.
As of the disclosure of these financial results, the procedures for reviewing quarterly financial statements pursuant to the Financial
Instruments and Exchange Act are in progress.

* Appropriate use of business forecasts and other special items(Notes regarding descriptions of earnings forecasts and other forward-looking statements, etc.)
Earnings forecasts and other forward-looking statements in this document are based on information currently available
to the Company’s management and certain assumptions judged rational, and we do not make any warranties withrespect to the accuracy, etc. Accordingly, there might be cases in which actual results materially differ from forecastsof this report. To use assumptions for forecasts and to refer to specific revisions on consolidated financial forecasts,see (3) Explanation of Forecast and Other Future Predictions (page 5) under “1. Qualitative Information Regarding theConsolidated Performance”.
(Method of obtaining supplementary information to and contents of the first quarter financial results briefing)
Mitsubishi Materials Corporation is scheduled to hold a first quarter financial results briefing for institutional
investors on August 8, 2013 (Thursday). Supplementary information to the quarterly financial results to be used in thisbriefing is being released on the Company’s website with the announcement of the consolidated financial results forthe three months ended June 30, 2013.

Contents

1. Qualitative Information Regarding the Consolidated Performance ............................................................... P2(1) Explanation of Business Performance .................................................................................................... P2(2) Explanation of Financial Position ............................................................................................................ P5(3) Explanation of Forecast and Other Future Predictions ............................................................................. P5
2. Summary Information (Notes) ..................................................................................................................... .P5(1) Application of Specific Accounting Treatment ....................................................................................... P5
3. Consolidated Financial Statement................................................................................................................ P6(1) Consolidated Balance Sheets .................................................................................................................. P6(2) Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income
Consolidated Statement of Operations ................................................................................................. P8
Consolidated Statement of Comprehensive Income ............................................................................. P9(3) Notes on Consolidated Financial Statement ........................................................................................... P10
Notes on Assumptions for Going Concern ........................................................................................... P10
Segment Information ............................................................................................................................. P10
Notes in Event of Significant Changes in Shareholders’ Equity .......................................................... P10

11. Qualitative Information Regarding the Consolidated Performance(1) Explanation of Business Performance1) Overview of period under review
In the first quarter period under review, there was a continued slowdown in the pace of economic expansion in
emerging economies such as China and India. However, the United States economy showed signs of an upswing
and overall economic conditions are headed towards recovery.
The Japanese economy showed signs of recovery due to heightened demand caused by increased public
investment, etc., as well as an improved export environment caused by correction of yen appreciation.
Despite a decline in copper prices, the operating environment for the Mitsubishi Materials Group enjoyedstrong demand for cement due to full-scale demand generated by reconstruction efforts from the earthquake.
Furthermore, all of the Group’s businesses were impacted by correction of yen appreciation.
In this environment, we embarked on the medium-term management plan (FY2012-2014), entitled“Materials Premium 2013—Aiming for New Value Creation”. The plan embraces the basic concept of“Simultaneously implementing growth strategies and financial improvements,” with two initiatives stated as
growth strategies: “Business advancement in overseas markets, especially emerging markets” and “Generationof distinctive synergies as an integrated business entity.” In order to promote this recognition, we havecontinued to implement various measures.
As a result, consolidated net sales for the period totaled ¥359,130 million, up 16.0% from the previous
corresponding period. Operating profit increased 50.9%, to ¥17,002 million, and ordinary income decreased
1.7%, to ¥16,790 million. Net income for the period increased 228.5%, to ¥17,734 million.
2) Overview of Segment(Cement)
Net sales
Operating profit
Ordinary income

FY 2013 Q1
¥37.3
1.3
¥0.7

FY 2014 Q1
¥42.3
3.3
¥3.2

(Billions of yen)
Increase/decrease (%)¥5.0(13.5%)
1.9(152.3%)¥2.5(352.7%)In the Cement business, the sales volume increased due to strong demand caused by reconstruction following
the earthquake, as well as road-related construction and housing construction such as condominium buildings in
the Tokyo metropolitan area. Overseas, sales volume increased due to strong United States demand focused on
private-sector capital spending, as well as increased China demand due to the reopening of high-speed rail
construction in Shandong and a shortening of the construction period for the new airport. Total cement
production for the period was 3.0 million tons, up 0.2 million tons from the previous corresponding period.
As a result, the entire Cement business posted year-on-year increases in both net sales and operating profit.
Ordinary income rose from the previous corresponding period due to an increase of operating profit.

2

(Metals)

Net sales
Operating profit
Ordinary income

FY 2013 Q1¥149.4
3.6¥10.0

FY 2014 Q1¥170.0
6.3¥6.3(Billions of yen)
Increase/decrease (%)¥20.6(13.8%)
2.7(75.5%)¥(3.7)(-37.1%)In the copper business, the overseas copper market prices decreased, but there was also impact from correctionof yen appreciation. Additionally, the business was also impacted by the operation trouble at mines supplying
ore to PT Smelting in Indonesia. However, in the first quarter period under review, there was no operation
shutdown associated with periodic furnace repairs. This resulted in increased production, which in turn led to anincrease in net sales and operating profit. Total production of copper cathode for the period was 133 thousand
tons, up 16 thousand tons from the previous corresponding period.
Gold and other metals experienced decreased production due to a decrease in the amount of gold containedin the raw material ore. However, there was also impact from the correction of yen appreciation. As a result,
there was a decrease in net sales and an increase in operating profit.
In the processed copper products business, sales of products for the automobile sector increased, and there
was an increase in net sales and operating profit.
As a result, the entire Metals business reported year-on-year increases in both net sales and operating
profit.
Ordinary income decreased from the previous corresponding period due to a decrease in dividend income
but an increase in operating profit.

(Advanced Materials & Tools)

Net sales
Operating profit
Ordinary income

FY 2013 Q1
¥36.6
3.2
¥2.8

FY 2014 Q1
¥36.0
3.6
¥3.6

(Billions of yen)
Increase/decrease (%)¥(0.6)(-1.7%)
0.4(15.1%)¥0.7(26.9%)In the cemented carbide products business, sales increased due to the impact from correction of yen appreciation.
As a result, there was an increase in net sales and operating profit.
In the high-performance alloy products business, sales of products for automobiles decreased due to theend of eco-car subsidies. Overall, the business posted a decrease in net sales and an increase in operating profit
due to strong demand in the aircraft-related market and the result of cost reductions.
As a result, the entire Advanced Materials & Tools business posted a year-on-year decrease in net sales but
an increase in operating profit.
Ordinary income increased from the previous corresponding period due to an increase in operating profit.

3

(Electronic Materials & Components)
Net sales
Operating profit
Ordinary income

FY 2013 Q1
¥17.2
1.0
¥1.0

FY 2014 Q1
¥17.7
1.1
¥0.7

(Billions of yen)
Increase/decrease (%)¥0.4(2.4%)
0.0(4.4%)¥(0.2)(-27.7%)

Despite healthy sales of products for smartphones, the advanced materials business decreased in both net sales
and operating profit because of stagnant demand in other semiconductor-related markets.
The electronic devices business posted increases in both net sales and operating profit due to increased
sales of products for household appliances, results of cost reductions, and impact from correction of yen
appreciation.
Polycrystalline silicon and chemical products recorded an increase in net sales and a decrease in operating
profit. This was due to increased sales of polycrystalline silicon and decreased sales of chemical products.
Furthermore, regarding the suspended operation of some production lines at Yokkaichi Plant from April 2012 toMarch 2013, an amount equivalent to fixed costs associated with the suspended production lines which had
been allocated to extraordinary losses in last year’s first quarter period were posted as operating expenses in thefirst quarter period under review.
As a result, the entire Electronic Materials & Components business reported year-on-year increases in both
net sales and operating profit.
Ordinary income for the entire business decreased on a year-over-year basis in spite of an increase inoperating profit due to a decrease in equity in earnings of affiliates.

(Aluminum)
Net sales
Operating profit
Ordinary income

FY 2013 Q1
¥38.6
2.3
¥2.1

FY 2014 Q1
¥39.6
2.5
¥2.4

(Billions of yen)
Increase/decrease (%)¥0.9(2.5%)
0.2(9.1%)¥0.2(11.8%)In the aluminum cans business, demand decreased for bottle cans for black coffee and tea-based beverages, but
demand increased for regular cans mainly for beer or beer-like beverages.
In rolled aluminum and processed aluminum products, demand decreased for products for automobiles
due to the end of eco-car subsidies, but demand increased for products for solar batteries due to the impact offeed-in tariffs for renewable energy.
As a result, the entire Aluminum business posted a year-on-year increases in both net sales and operating
profit.
Ordinary income increased thanks to the rise in operating profit from the previous corresponding period.

4

(Others)
Net sales
Operating profit
Ordinary income

FY 2013 Q1
¥83.8
0.7
¥1.2

FY 2014 Q1¥110.81.1¥1.5(Billions of yen)
Increase/decrease (%)¥26.9(32.1%)
0.4(64.6%)¥0.2(21.9%)In the energy-related business, both net sales and operating profit increased due to increased sales of coal andincreased sales of decontamination business related to nuclear power.
Despite a slight decrease in the amount processed, the e-waste (used electronics and electrical products)
recycling business posted net sales and operating profits similar to the previous year due to the result of cost
reductions.
Despite a decrease in the sales of jewelry-related items, the precious metal business posted increases inboth net sales and operating profit due to increased sales volume for gold bullion due to the impact of fallingoverseas market prices.
Orders for nuclear energy and engineering services amounted to ¥13.4 billion, down ¥1.2 billion from theprevious corresponding period. The order backlog at the end of the period was ¥20.4 billion, down ¥0.4 billion
from a year earlier.

(2) Explanation of Financial Position
As of June 30, 2013, the Group’s consolidated total assets stood at ¥1,792.6 billion, down ¥19.0 billion fromMarch 31, 2013. This was mainly due to a decline in other current assets during the period.
Total liabilities decreased ¥43.9 billion, to ¥1,301.5 billion, due primarily to a decrease in gold payable
during the period.

(3) Explanation of Forecast and Other Future Predictions
Regarding the business environment surrounding the Group, there continues to be demand for cement due torecovery of the domestic economy. Furthermore, the automobile industry is expected to recover. However,
performance continues to be significantly influenced by factors such as metal prices and electricity costs, as wellas trends in the overseas economy.
Under these circumstances, there is no change in forecasts for the six-month period ending September 30,
2013 and for the full-year period ending March 31, 2014. (Those forecasts were announced on May 10, 2013.).
In the medium-term management plan, the Group will seek to become the strongest integrated business entity
in this resource-recycling society by developing overseas markets, especially newly emerging markets, andexploiting synergy created from the distinct features of an integrated management structure (“Materials
Premium”) while focusing on both our growth strategy and enhancement of our financial position.

2. Summary Information (Notes)(1) Application of Specific Accounting Treatment
The Group rationally assumes an effective tax rate after applying tax-effect accounting to income before
income taxes for the consolidated fiscal year, including the period under review, and multiplies such effective
tax rate by quarterly income before income taxes to arrive at the tax expense.

53. Consolidated Financial Statement(1) Consolidated Balance Sheets[June 30, 2013 and March 31, 2013](Millions of yen)
As of March 31, 2013

As of June 30, 2013

Cash and deposits¥64,416¥69,912

Notes and accounts receivable-trade211,748229,372

Merchandise and finished goods

79,941

83,411Work in process

98,94898,475

Raw materials and supplies

103,463

85,214

Other

222,342

191,290

Allowance for doubtful accounts(1,929)(2,067)

Total Current Assets

778,931755,609

Machinery and equipment, net

190,682

191,218

Land, net

271,517273,245

Other, net

196,774

203,596

Total Property, Plant and Equipment

658,974

668,060

Goodwill

38,76040,972

Other

9,520

9,579

Total Intangible Assets

48,281

50,552

Investment securities

271,754262,352

Other

61,24563,561

Allowance for investment loss

(1,748)(1,748)

Allowance for doubtful accounts(5,672)(5,712)

Total Investments and Other Assets

325,579

318,452

1,032,835

1,037,065¥1,811,767¥1,792,675

ASSETS
Current Assets:

Noncurrent Assets:
Property, Plant and Equipment:

Intangible Assets:

Investments and Other Assets:

Total Noncurrent Assets
Total Assets

6

(Millions of yen)
As of March 31, 2013

As of June 30, 2013

LIABILITIESCurrent Liabilities:
Notes and accounts payable-trade
Short-term loans payable
Commercial papers
Income taxes payable
Provision¥105,889
287,942
26,0006,653
13,654¥101,772
328,571
5,000
3,768
7,361

Gold payable
Other

232,002124,194

186,035
109,364

Total Current Liabilities

796,337

741,873

Noncurrent Liabilities:
Bonds payable
Long-term loans payable
Provision for retirement benefits
Other provision

110,040
268,998
59,601
7,745

125,040
265,845
59,4407,733

102,813

101,623549,198

559,683

1,345,535

1,301,557

119,457
92,272
158,456(1,692)

119,457
92,272
173,809(1,710)368,495

383,828

40,516(1,189)34,830(37,422)
36,73537,437(730)
33,683(26,681)
43,709Minority interests

61,001

63,579Total Net Assets

466,231

491,117¥1,811,767¥1,792,675

Other
Total Noncurrent Liabilities
Total Liabilities
NET ASSETS
Shareholders’ Equity:
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total Shareholders’ Equity
Accumulated Other Comprehensive Income:
Valuation difference on securities available for sale
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Total Accumulated Other Comprehensive Income

Total Liabilities and Net Assets

7

(2) Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income
Consolidated Statement of Operations[For the Three Months Ended June 30, 2012 and 2013](Millions of yen)Three Months Ended Jun. 30, 2012 Three Months Ended Jun. 30, 2013
(Apr. 1, 2012―Jun. 30, 2012)(Apr. 1, 2013―Jun. 30, 2013)

Net Sales¥309,674¥359,130

Cost of sales

265,191

306,479

Gross Profit

44,48352,650

Selling, General and Administrative Expenses

33,21435,648Operating Profit

11,26817,002

Interest income

166

113

Dividends income

8,778

2,270

Equity in earnings of affiliates

799

866

Rent income on noncurrent assets

1,175

1,146

794

743

11,7135,140Interest expenses

2,745

2,515

Other

3,164

2,836

Total Non-Operating Expenses

5,910

5,352

17,072

16,790Gain on sales of noncurrent assets

30

4,016

Gain on sales of investment securities

－

1,360

Total Extraordinary Income

30

5,376

Loss on valuation of investment securities

3,835

122

Other

2,090

659

Total Extraordinary Loss

5,925

781

Income before Income Taxes

11,176

21,385

Income taxes

3,320

2,901

Income before minority interests

7,856

18,483

Minority interests in income

2,457

749

Net Income¥5,398¥17,734

Non-Operating Profit:

Other
Total Non-Operating Profit
Non-Operating Expenses:

Ordinary Income
Extraordinary Income:Extraordinary Losses:

8

Consolidated Statement of Comprehensive Income[For the Three Months Ended June 30, 2012 and 2013](Millions of yen)Three Months Ended Jun. 30, 2012 Three Months Ended Jun. 30, 2013
(Apr. 1, 2012―Jun. 30, 2012)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Equity in earnings of affiliates
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of theparent company
Comprehensive income for attributable to minority
interests

9(Apr. 1, 2013―Jun. 30, 2013)¥7,856¥18,483(15,793)
1,482
5,779
1,414
(7,116)739(3,033)678
12,205
1,801
11,65130,134(3,406)

26,219

4,145

3,915

(3) Notes on Consolidated Financial Statement
Notes on Assumptions for Going Concern: N/A
Segment Information[Segment Information]
I. For the three months ended June 30, 2012 (From April 1, 2012 to June 30, 2012)
Sales and Income of Reporting Segments(Millions of yen)
Advanced
Materials &Tools

Electronic
Materials &Components

Aluminum

OthersTotal

AmountIndicated intheStatements ofIncomeAdjustment
AmountCementMetals¥36,667¥115,213¥29,303¥15,779¥38,303¥74,407¥309,674－¥309,674

656

34,228

7,374

1,509

356

9,469

53,595(53,595)－

37,324

149,441

36,67817,28938,66083,876363,269(53,595)

309,674¥728¥10,018¥2,884¥1,081¥2,171¥1,243¥18,126¥(1,054)¥17,072

Net sales(1)Outside
Customers(2)Within
Consolidated
Group
Total
Segment
incomeNotes:
1. “Others” includes nuclear energy-related services, precious metals, environmental and recycling-related
business, real estate business, and engineering-related services.
2. Included in the segment income adjustment amounted (-¥1,054 million) are segment eliminations (¥113
million) and corporate expenses that cannot be allocated to specific segments (-¥1,167 million).
Corporate expenses consist mainly of management-related costs, basic and experimental research costs,
and financial income/expenses.
3. Segment income has been adjusted together with ordinary income on the consolidated quarterly
statements of income.

II. For the three months ended June 30, 2013 (From April 1, 2013 to June 30, 2013)
Sales and Income of Reporting Segments(Millions of yen)
Advanced
Materials &Tools

Electronic
Materials &Components

Aluminum

Others

Total

Adjustment
AmountAmountIndicated intheStatements ofIncomeCementMetals(1)Outside
Customers(2)Within
Consolidated
Group¥41,546¥137,887¥28,794¥12,070¥39,372¥99,459¥359,130－¥359,130810

32,186

7,278

5,636

242

11,36057,513(57,513)－

Total

42,356

170,074

36,072

17,706

39,614

110,819

416,644(57,513)359,130

Segment
income¥3,296¥6,302¥3,659¥782¥2,428¥1,515¥17,984¥(1,194)¥16,790

Net sales

Notes:
1. “Others” includes nuclear energy-related services, precious metals, environmental and recycling-related
business, real estate business, and engineering-related services.
2. Included in the segment income adjustment amounted (-¥1,194 million) are segment eliminations (¥365
million) and corporate expenses that cannot be allocated to specific segments (-¥1,559 million).
Corporate expenses consist mainly of management-related costs, basic and experimental researchcosts, and financial income/expenses.
3. Segment income has been adjusted together with ordinary income on the consolidated quarterly
statements of income.

Notes in Event of Significant Changes in Shareholders’ Equity: N/A
10