Mitsubishi Materials Corporation revised earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of JPY 1,690,000 million compared to previous forecast of JPY 1,640,000 million, operating profit of JPY 44,000 million compared to previous forecast of JPY 45,000 million and Profit attributable to owners of parent of JPY 3,000 million compared to previous forecast of JPY 20,000 million.