April 25, 2019
To All Concerned Parties
Company name
Representative

Mitsubishi Materials Corporation
Naoki Ono, President(Securities code: 5711, First Section, Tokyo StockExchange)
Nobuyuki Suzuki, General Manager,
Corporate Communications Dept.,
General Affairs Dept.,
Human Resources & General Affairs Div.
(Tel: +81-3-5252-5206)

Contact forinquiries

Notice of Revisions to the Consolidated Earnings Forecast, Differences between the Non-Consolidated Earnings
Forecast and Result of the Previous Fiscal Year, and Partial Return of Officers Remuneration

Mitsubishi Materials Corporation hereby announces revisions to the consolidated earnings forecast announced on February
12, 2019, differences between the non-consolidated earnings forecast and result of the previous fiscal year, and partial
return of Officers remuneration. Details are as described below.
1. Revision to the consolidated earnings forecasts for the fiscal year ending March 31, 2019(from April 1, 2018 to March 31, 2019)1) Revision to the forecasts
Net income
Net sales

Operating profit

Ordinary income

attributable toowners of parent

Million yen

Million yen

Million yen

Million yen

Previous forecast (A)1,650,000

42,00052,00010,000

Revised forecast (B)1,663,000

36,80050,5001,000

Amount change (B - A)

13,000(5,200)(1,500)(9,000)Percentage change (%)

0.8(12.4)(2.9)(90.0)

1,599,533

72,81979,621

34,595(Reference) Results in previous
fiscal year (fiscal year ended
March 31, 2018)

2) Reasons of the revision
For the consolidated fiscal year ending March 31, 2019, the Company expects that all of operating profit, ordinary
income and net income attributable to owners of parent will be lower than previous forecast, reflecting an inventory
shortage loss expected to be posted at the end of the current fiscal year along with partial reversals of deferred tax assets.
In the Metals business, there was a noticeable decline in the recovery rates of valuable metals during the fiscal year underreview. In countermeasure to solve this problem, the Company has intensified efforts to improve its operation andfacilities while promoting strict inventory control. During the fourth quarter under review, the Company has madedismantled the facility on one of its production lines to strengthen inventory control and also examined the amount ofvaluable metals remaining in the dismantled facility. Analysis result revealed that the valuable metals were lower than theamount that had been estimated in the books of accounts. Accordingly, the Company will post the inventory shortage
loss as part of the cost of sales for the the fiscal year under review.

2. Differences between the non-consolidated earnings forecast for the fiscal year ending March 31, 2019 (from April 1,2018 to March 31, 2019) and result of the previous fiscal year
1) Differences between the non-consolidated earnings forecast and result of the previous fiscal yearNet sales

Operating profit

Ordinary incomeNet income

Results in previous fiscal year

Million yen

Million yen

Million yen

Million yen(fiscal year ended March 31,

869,677

13,732

31,37025,530

Revised forecast (B)852,800(10,900)

5,100(13,500)

Amount change (B - A)

(16,877)(24,632)(26,270)(39,030)

Percentage change (%)(1.9)－(83.7)－2018) (A)2) Reasons of the differences
For the non-consolidated earnings forecast, the Company expects to post a decline in each of operating profit, ordinary
income and net income on a year-on-year basis, reflecting the reasons described 1.2), periodic furnace repairs at
Naoshima Smelter & Refinery, and rising thermal energy costs in the Cement business in Japan.

3. Dividend forecast
There is no revision to the dividend forecast due to the revisions to the consolidated earnings forecast.

4. Partial return of Officers remuneration
Based on the above situation, Officers will partially return their remuneration as follows. In addition, Officers bonus forfiscal year ending March 31, 2019 (paid in June 2019) will NOT be paid.
President

Return of 30% of the monthly remuneration(3 months)

Director, Executive Vice President

1 person

Return of 30% of the monthly remuneration(3 months)

Director, Senior Managing Executive Officer

1 person

Return of 30% of the monthly remuneration(3 months)

Director, Managing Executive Officer

2 people

Return of 10% of the monthly remuneration(3 months)

Managing Executive Officer

4 people

Return of 10% of the monthly remuneration(3 months)(Note) The above forecast has been prepared on assumed economic conditions, market trends, and other factors foreseeable
as of the date of this announcement, and the results may differ from the forecasts due to various factors arising in thefuture.

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