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Mitsubishi Materials Corp (5711.T)

5711.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mitsubishi Materials says chairman to resign
Tuesday, 13 Feb 2018 01:48am EST 

Feb 13 (Reuters) - Mitsubishi Materials Corp <5711.T>:Says chairman, Hiroshi Yao will resign .  Full Article

Mitsubishi Materials to transfer part of real estate business to unit and to sell unit
Wednesday, 29 Nov 2017 01:35am EST 

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 03:54am EST 

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"
Thursday, 23 Nov 2017 07:48pm EST 

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 exploring partnership in aluminum production for cars in U.S.- Nikkei
Friday, 15 Sep 2017 03:11pm EDT 

Sept 15 (Reuters) - Nikkei::Mitsubishi Materials is exploring a partnership in aluminum production for cars in the U.S.- Nikkei.Mitsubishi Materials to invest up to 40 billion yen in rolled aluminum production for heat exchangers - Nikkei.  Full Article

R&I upgrades Mitsubishi Materials Corp's rating to "A-" and announces stable outlook -R&I
Tuesday, 14 Mar 2017 02:45am EDT 

Mitsubishi Materials Corp <5711.T> : Rating and Investment Information, Inc. (R&I) raised the company's issuer rating to "A-" from "BBB+" -R&I .Rating outlook stable -R&I.  Full Article

OHBA plans business alliance with Dia Consultants
Thursday, 9 Mar 2017 04:00am EST 

OHBA Co Ltd <9765.T> :Says it plans to form a business alliance with Dia Consultants Co Ltd, on construction consultant business.  Full Article

Mitsubishi Materials Corp's oper profit will likely drop to around 26 billion yen for April-Sept half -Nikkei
Thursday, 27 Oct 2016 01:16pm EDT 

: Mitsubishi Materials Corp's operating profit will likely drop 30% on the year to around 26 billion yen ($247 million) for April-September half -nikkei . Mitsubishi Materials Corp's operating profit is expected to decrease 8% to 65 billion yen for the full year ending March 2017 -nikkei .For April-Sept half, Mitsubishi Materials Corp sales seen falling 10% on the year to around 610 billion yen - nikkei.  Full Article

Mitsubishi Materials unveils boardroom shake-up as data tampering scandal deepens

TOKYO, June 11 Japan's Mitsubishi Materials Corp on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year.