Mitsubishi Material KK

Latest Results (14.08.2024):

Net Sales Surge

Mitsubishi Materials KK reported consolidated net sales of ¥513,701 million for the three months ended June 30, 2024, marking a significant year-on-year increase of 41.6%. This surge in sales was driven by strong performance across various business segments, including Metals, Advanced Products, and Renewable Energy.

Operating Profit Growth

The company achieved an operating profit of ¥12,810 million for the first quarter of 2024, representing a remarkable 237.9% increase compared to the same period in the previous year. This substantial growth in operating profit was attributed to improved performance in key business areas and favorable market conditions.

Profit Attributable to Owners

Profit attributable to owners of the parent company reached ¥20,954 million for Q1 2024, a significant rise of 326.1% year-on-year. This increase was primarily due to a gain on change in equity resulting from the shift of PT. Smelting to an equity-method affiliate, along with higher operating profits.

Dividend Forecast

Mitsubishi Materials KK has announced a forecasted annual dividend of ¥100.00 per share for the fiscal year ending March 31, 2025. This includes an interim dividend of ¥50.00 per share, reflecting the company's strong financial performance and commitment to returning value to shareholders.

Positive Financial Outlook

For the fiscal year ending March 31, 2025, Mitsubishi Materials KK projects consolidated net sales of ¥1,950,000 million, with an operating profit of ¥41,000 million and a profit attributable to owners of the parent of ¥63,000 million. These forecasts indicate a positive financial outlook, driven by continued growth and strategic initiatives.