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Mitsubishi Materials Corp (5711.T)

5711.T on Tokyo Stock Exchange

4,105JPY
19 Jan 2018
Change (% chg)

¥25 (+0.61%)
Prev Close
¥4,080
Open
¥4,085
Day's High
¥4,115
Day's Low
¥4,055
Volume
514,400
Avg. Vol
922,593
52-wk High
¥4,605
52-wk Low
¥3,070

Latest Key Developments (Source: Significant Developments)

Mitsubishi Materials to transfer part of real estate business to unit and to sell unit
Wednesday, 29 Nov 2017 

Nov 29(Reuters) - Mitsubishi Materials Corp <5711.T>:Says it plans to transfer a part of real estate business to its consolidated subsidiary Mitsubishi Materials Real Estate Corporation, for 1.08 billion yen, effective Feb. 1, 2018.Says it will sell entire shares of Mitsubishi Materials Real Estate Corporation to a group company of Fortress Investment Group LLC <<>> with undisclosed price, and transaction date on Feb. 28, 2018.  Full Article

Mitsubishi Materials: Unsure how far back data falsification went
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Mitsubishi Cable Industries Ltd [RIC:RIC:MTCBL.UL]:Mitsubishi Materials President Takeuchi says 16 customers received affected parts from Mitsubishi Aluminum.Mitsubishi Materials exec: Will disclose results of Mitsubishi Shindoh internal investigation, interim report on Mitsubishi Cable investigation by end-dec.Mitsubishi Materials exec: Investigating whether wrongdoing took place in other parts of the company.Mitsubishi Materials president: Not able to say how far back data falsification went.Mitsubishi Shindoh president: Possible affected products have been sent to china and taiwan.Mitsubishi Shindoh president: Affected products have not been sent directly to customers in the U.S. but may have been indirectly.Mitsubishi Cable president: We have affected customers in the u.s..Mitsubishi Cable president: Our automotive customers are domestic.Mitsubishi Cable president: Possible products with falsified data were shipped even after the wrongdoing was discovered.Mitsubishi Materials president says his responsibility is to quickly solve data falsification issue and take countermeasures.Mitsubishi Cable president: Doesn’t think the number of companies potentially affected by falsification issue will increase beyond the current 229.Mitsubishi Materials president says no involvement by parent company in latest misconduct.  Full Article

Japan Def Min: Mitsubishi Cable's misconduct "extremely regrettable"
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Japanese Defence Minister Itsunori Onodera says::Mitsubishi Cable Industries' misconduct "extremely regrettable", investigating impact on defence-related materials.No need to immediately halt use of equipment after Mitsubishi Cable's data falsification.  Full Article

Mitsubishi Materials' Group profit likely fell over 20%, Dowa Holdings profit likely fell 40% for April-June quarter - Nikkei
Tuesday, 19 Jul 2016 

Nikkei: Mitsubishi Materials' Group operating profit apparently plunged over 20% from year-earlier level to 12.5 bln yen or so for April-June quarter - nikkeiquarter - Nikkei . Profit for Dowa Holdings likely tumbled 40% to around 6.5 bln yen for April-June quarter - Nikkei . Sales for Dowa Holdings fell 20% to about 90 billion yen for April-June quarter - Nikkei . Mitsubishi Materials Corp's sales likely dipped over 10% to around 310 billion yen for the April-June quarter - Nikkei .Dowa Holdings,Mitsubishi Materials' Group seen retaining forecasts of declining 2017 profit,sales when April-June qtr earnings are announced - Nikkei.  Full Article

R&I affirms Mitsubishi Materials's rating at "BBB+" and announces stable outlook
Monday, 8 Feb 2016 

Mitsubishi Materials Corp:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "BBB+".Rating outlook stable.  Full Article

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Mitsubishi Materials says push for market share led to data falsification

TOKYO Mitsubishi Materials Corp said on Thursday that a push to expand market share had driven a subsidiary to fake product specification, one of several compliance scandals that have come to light this year in a blow to the reputation of Japan Inc. | Video