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Mitsubishi Materials Corp (5711.T)

5711.T on Tokyo Stock Exchange

3,360JPY
21 Sep 2018
Change (% chg)

¥40 (+1.20%)
Prev Close
¥3,320
Open
¥3,345
Day's High
¥3,370
Day's Low
¥3,320
Volume
769,600
Avg. Vol
740,386
52-wk High
¥4,605
52-wk Low
¥2,828

Latest Key Developments (Source: Significant Developments)

Tokyo District Public Prosecutors Office prosecutes Mitsubishi Materials' units and related former staffs
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Mitsubishi Materials Corp <5711.T>:Says Tokyo District Public Prosecutors Office prosecuted Mitsubishi Materials' units, MITSUBISHI CABLE INDUSTRIES, LTD., DIAMET CORPORATION, Mitsubishi Aluminum Co Ltd and related former staffs, regarding products quality problems, under suspicion of violation of Unfair Competition Prevention Law .  Full Article

R&I affirms Mitsubishi Materials rating at "A-" and says stable outlook -R&I
Monday, 9 Apr 2018 

April 9 (Reuters) - Mitsubishi Materials Corp <5711.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" -R&I.Says rating outlook stable -R&I.  Full Article

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

Sweden's Granges halts plans for U.S. aluminum joint venture

STOCKHOLM Sweden's Granges put on ice on Friday plans to form an aluminum manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co , saying that the project was less attractive in "current circumstances".