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Last $3.12 USD
Change Today 0.00 / 0.00%
Volume 0.0
MIMTF On Other Exchanges
As of 4:30 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

mitsubishi materials corp (MIMTF) Snapshot

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52 Week High
08/29/14 - $3.40
52 Week Low
05/21/14 - $3.10
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Average Volume 10 Days
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mitsubishi materials corp (MIMTF) Details

Mitsubishi Materials Corporation, together with its subsidiaries, manufactures and sells cement products, metals, materials and tools, and electronic materials worldwide. The company’s Cement segment produces and sells Portland cement, cement-related products, ready-mixed concrete, and building materials. Its Metals segment is involved in developing, smelting, and processing copper, copper alloy products, copper cathodes, gold, silver, sulfuric acid, etc. The company’s Advanced Materials & Tools segment provides cemented carbide products, sintered parts, and alloy products. Its Electronic Materials & Components segment supplies electronic materials and components, polycrystalline silicon products, and chemical products. The company’s Aluminum segment manufactures and sells aluminum cans, rolled or extruded aluminum products, and processed aluminum products. Its Others segment provides resources, environment, and recycling-related products; nuclear energy-related, engineering, financing, and real estate services; soil analysis and consulting services; and fossil fuels. This segment also produces and sells salt; and operates precious metals business, which buys and sells bullion and jewelry. Mitsubishi Materials Corporation was founded in 1871 and is headquartered in Tokyo, Japan.

23,112 Employees
Last Reported Date: 06/27/14
Founded in 1871

mitsubishi materials corp (MIMTF) Top Compensated Officers

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mitsubishi materials corp (MIMTF) Key Developments

China Talks with Mitsubishi Materials Corp. on Lawsuit for Wartime Forced Labor in Japan Halted

Lawyers for Chinese who have sued Mitsubishi Materials Corp. for being forced to work in Japan under harsh conditions during the wartime that talks with the company to settle the litigation will be suspended. Mitsubishi has declined to accept a demand by the plaintiffs that the company recognize its legal responsibility for the forced labor. The settlement talks started after the suit was filed with a court in Beijing in February 2014. Mitsubishi has offered to recognize its historical responsibility as their employer and apologize. The company has also proposed paying CNY 100,000 per plaintiff and making contributions to a fund. The plaintiffs have rejected the proposals as being insufficient and insisted that Mitsubishi clarify its legal responsibility for promoting, implementing and benefitting from the forced labor. The company has turned down the demand. In the suit, 40 plaintiffs, including bereaved families of former laborers, demand that Mitsubishi Materials and Nippon Coke & Engineering Co. apologize and pay CNY 1 million in compensation per person. This is one in a series of lawsuits filed in China last year against the Japanese government and Japanese companies for forced labor in Japan during World War II.

Mitsubishi Materials Corp. Reports Consolidated Financial Results for the Nine Months Ended December 31, 2014; Revises Earnings Guidance for the Full Year to March 31, 2015

Mitsubishi Materials Corp. reported consolidated financial results for the nine months ended December 31, 2014. For the nine months, the company reported operating profit of ¥52,665 million, ordinary income of ¥66,091 million, income before income taxes of ¥61,984 million and net income of ¥40,264 million or ¥30.73 per share on net sales of ¥1,131,948 million against operating profit of ¥51,041 million, ordinary income of ¥58,433 million, income before income taxes of ¥71,576 million and net income of ¥40,634 million or ¥31 per basic share on net sales of ¥1,050,319 million for the same period of last year. The company revised earnings guidance for the full year to March 31, 2015. For the full year to March 31, 2015, the company expects, operating profit of ¥70,000 million, ordinary income of ¥80,000 million and net income of ¥50,000 million or ¥38.16 per share on net sales of ¥1,500,000 million.

Mitsubishi Materials Corp., Q3 2015 Earnings Call, Feb 10, 2015

Mitsubishi Materials Corp., Q3 2015 Earnings Call, Feb 10, 2015


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