December 16, 2020
To All Concerned Parties
Company name

Mitsubishi Materials Corporation

Representative

Naoki Ono, Chief Executive Officer(Securities code: 5711, First Section, Tokyo Stock Exchange)
Contact for inquiries

Yuji Omura, General Manager, Corporate
Communications Dept.
(Tel: +81-3-5252-5206)

Notice Regarding Differences Between Earnings Forecasts and Results for the First Six Months of theConsolidated Fiscal Year Ending March 31, 2021 and Revision to Earnings Forecasts
Mitsubishi Materials Corporation (hereinafter referred to as “the Company”) announces that some differences haveoccurred between consolidated earnings forecasts announced on September 29 and actual results announced today
for the first six months of the fiscal year ending March 31, 2021.
The Company also announces revisions to consolidated and non-consolidated earnings forecasts for the fiscal year
ending March 31, 2021 announced on September 29, 2020, reflecting its recent business trends and other factors.
Details are as described below.
1.

Differences between consolidated earnings forecasts and results for the first six months of the fiscal year ending
March 31, 2021 (from April 1, 2020 to September 30, 2020)

1) Details for differences
Quarterly Profit
Net sales

Operating profit

Ordinary profit(loss) attributable(loss)(loss)

to owners ofparent

Million yen

Million yen

Million yen

Million yen

Previous forecasts (A)710,000

5,000

14,000-20,000

Results (B)725,568

6,890

16,457-19,150

Amount changes (B-A)

15,568

1,890

2,457

850

Percentage changes (%)

2.2

37.8

17.6

－

748,400

16,97827,242

4,511(Reference) Results for theprevious fiscal year
(Six months of the fiscal year
ended March 31, 2020)
2) Reasons for the differences
With regard to the first six months of the consolidated fiscal year

ending March 31, 2021, net sales, operating

profit(loss), ordinary profit(loss) and quarterly profit(loss) attributable to owners of parent exceeded the previous
forecasts mainly due to a hike in metal prices and stronger sales for cemented carbide products in the Metalworking
Solutions Business.

2.

Revision to earnings forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021)

1) Consolidated earnings forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021)
Profit (loss)

Operating profit

Ordinary profit(loss)(loss)

Million yen

Million yen

Million yen

Million yen

Previous forecasts (A)1,420,000

0

7,000

-20,000

Revised forecasts (B)1,450,000

8,000

20,000

0

Amount changes (B-A)

30,0008,000

13,00020,000Percentage changes (%)

2.1

－

185.7

－

1,516,100

37,952

49,610-72,850

Net sales(Reference)

attributable toowners of parent

Consolidated

results for the previous fiscalyear(for the full-term of the fiscal
year ended March 31, 2020)2)

Non-consolidated earnings forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021)
Operating profit

Ordinary profit(loss)(loss)

Million yen

Million yen

Million yen

Million yen

Previous forecasts (A)810,000-17,000-4,000-6,000

Revised forecasts (B)850,000-14,000

2,000

10,000

Amount changes (B-A)

40,000

3,000

6,000

16,000Percentage changes (%)

4.9－－－

802,655-645

17,233-49,929

Net sales(Reference)

Profit (loss)

Non-consolidated results for theprevious fiscal year
(for the full-term of the fiscalyear ended March 31, 2020)3)

Reasons for the revisions

With regard to the consolidated earnings forecasts for the fiscal year ending March 31, 2021, net sales, operating
profit(loss) and ordinary profit(loss) are expected to increase compared to the previous forecasts mainly due toincrease in net sales and earnings for the first six months of the fiscal year ending March 31, 2021, in addition toincrease in sales in copper & copper-alloy products and electronic materials in the Advanced Products Business andcemented carbide products in the Metalworking Solutions Business, as well as a hike in metal prices and increases
in dividend income from mining companies in the Metal Business, among others. Profit(loss) attributable to ownersof parent is also expected to increase compared to the previous forecasts due to increase in ordinary profit(loss) as
well as increase in extraordinary profit as the Company continues the reduction of strategic holdings. As a result,profit(loss) attributable to owners of parent is expected to become the break even.
With regard to the non-consolidated earnings forecasts, the Company expects for the same reasons as for theconsolidated earnings results, net sales, operating profit(loss), ordinary profit(loss) and net profit(loss) are expected
to increase compared to the previous forecasts. As a result, ordinary(loss) and net profit(loss) are going into the black.
(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.
2