Mitsubishi Materials (5711) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 FY2025 were ¥431.4 billion, down 16.0% year-over-year, with an operating loss of ¥2.6 billion and a net loss attributable to owners of parent of ¥4.05 billion, mainly due to yen appreciation, lower copper prices, and production delays.

• Comprehensive income was negative ¥11.1 billion, compared to ¥32.2 billion in the same quarter last year.

• Full-year earnings and dividend forecasts remain unchanged despite a weaker yen than expected, due to ongoing uncertainty and structural reforms.

Financial highlights

• Net sales: ¥431.4 billion (down 16.0% YoY).

• Operating profit: -¥2.6 billion (down ¥15.4 billion YoY).

• Ordinary profit: -¥0.1 billion (down ¥18.7 billion YoY).

• Profit attributable to owners: -¥4.0 billion (down ¥25.0 billion YoY).

• EPS was -¥31.00, compared to ¥160.41 in the prior year.

Outlook and guidance

• Full-year forecast for FY2026 remains unchanged: net sales ¥1,870.0 billion, operating profit ¥10.0 billion, net profit ¥20.0 billion, EPS ¥153.07.

• Dividend forecast maintained at ¥100 per share for the year.

• Forecasts maintained due to currency trend uncertainty and ongoing review of structural reform impacts.