September 29, 2020
To All Concerned Parties
Company name
Representative

Contact for inquiries

Mitsubishi Materials Corporation
Naoki Ono, Chief Executive Officer(Securities code: 5711, First Section, Tokyo
Stock Exchange)
Yuji Omura, General Manager, Corporate
Communications Dept.
(Tel: +81-3-5252-5206)

Notice of Revisions to Earnings Forecasts
Mitsubishi Materials Corporation (hereinafter referred to as the “Company”) hereby announces revisions to theconsolidated and non-consolidated earnings forecasts announced on August 6, 2020, reflecting its recent businesstrends and other factors as described below.
1. Revisions to earnings forecasts1) Consolidated earnings forecasts for the first six months of the fiscal year ending March 31, 2021 (from April 1,2020 to September 30, 2020)
Quarterly profit
Net sales

Operating

Ordinary(loss) attributableprofit(loss)

profit(loss)

to owners ofparent

Million yen

Million yen

Million yen

Million yen

Previous forecasts (A)720,000(2,000)0(5,000)

Current forecasts (B)710,000

5,000

14,000(20,000)

Amount change (B - A)

(10,000)

7,000

14,000(15,000)

Percentage change (%)

(1.4)

---

748,400

16,97827,242

4,511(Reference) Results forprevious fiscal year
(Six months of the fiscal year
ended March 31, 2020)
2) Consolidated earnings forecasts for the fiscal year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
Net sales

Operating

Ordinary

profit(loss)

profit(loss)

Profit (loss)
attributable toowners of parent

Million yen

Million yen

Million yen

Million yen

Previous forecasts (A)1,410,000(5,000)0(10,000)

Current forecasts (B)1,420,000

07,000(20,000)

Amount change (B - A)

10,0005,000

7,000(10,000)

Percentage change (%)

0.7---1,516,100

37,952

49,610(72,850)(Reference) Results forprevious fiscal year
(Fiscal year ended March 31,2020)

3) Non-consolidated earnings forecasts for the fiscal year ending March 31, 2021 (from April 1, 2020 to March 31,2021)
Net sales

Operating

Ordinary

profit(loss)

profit(loss)

Profit (loss)

Million yen

Million yen

Million yen

Million yen

Previous forecasts (A)790,000(20,000)(10,000)

0

Current forecasts (B)810,000(17,000)(4,000)(6,000)

Amount change (B - A)

20,000

3,000

6,000

(6,000)Percentage change (%)

2.5---

802,655(645)

17,233(49,929)(Reference) Results forprevious fiscal year
(Fiscal year ended March 31,2020)
4) Reasons for the revisions
With regard to the consolidated earnings forecasts for the fiscal year ending March 31, 2021 (hereinafter referred toas “FY2021”), a hike in metal prices and increases in the profit from recovery of free metal and dividend income
from mining companies in the Metals Business, among others, are expected. Consequently, net sales, operating
profit(loss) and ordinary profit(loss) are expected to increase compared to the previous forecasts, going into the black.
However, as announced today in the “Regarding Signing of Memorandum of Understanding Concerning Transfer ofShares of Diamet Corporation, and Recording of Extraordinary Losses”, the Company expects to record
approximately 21.0 billion yen of extraordinary losses as a provision for loss on business restructuring for the second
quarter of the FY2021. Due to this and other reasons, profit (loss) attributable to owners of parent is expected todecrease compared to the previous forecasts, expanding the deficit.
With regard to the non-consolidated earnings forecasts for the FY2021, for the same reasons as for the consolidated
earnings results, net sales, operating profit(loss), and ordinary profit(loss) are expected to increase compared to theprevious forecasts, decreasing the deficit. However, as described above, the Company expects to record extraordinary
losses as a provision for loss on business restructuring. Due to this and other reasons, profit (loss) is expected todecrease compared to the previous forecasts, going into the red.
(Note) The above forecasts have 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 the future.
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