Mitsubishi Materials : Financial and Non-financial Sections / Corporate Data (pp. 89~94)

Value Creation and	Top Message	About the Mitsubishi	Business Strategies	Corporate Strategies	Strengthening the	Governance	Financial Data/
Performance	Materials Group	Foundation	Corporate Data

Financial Data/Corporate Data

90

92

94

Ten-Year Summary / Changes in Medium-Term Management Plans and Strategies

Financial Statements

Investor Information

MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2021 89

Value Creation and	Top Message	About the Mitsubishi	Business Strategies	Corporate Strategies	Strengthening the	Governance	Financial Data/
Performance	Materials Group	Foundation	Corporate Data

[Financial Data/Corporate Data]

Ten-Year Summary

																Unit : Millions of yen
																	Notes 1.	The Company consolidated its shares at a rate of one share for every 10
		2012		2013		2014		2015		2016	2017	2018		2019	2020	2021
								shares of its common share, with October 1, 2016 as the effective date.
For the Year																		Accordingly, "Per Share Amounts" is calculated on the assumption that
																	the consolidation of its shares was conducted at the beginning of FY2017.
Net sales		1,440,847		1,287,251		1,414,796		1,517,265		1,417,895	1,304,068	1,599,533		1,662,990	1,516,100	1,485,121	2.	Return on assets (ROA)
Cost of sales		1,249,744		1,094,588		1,220,333		1,313,259		1,204,322	1,104,402	1,379,877		1,469,911	1,325,438	1,312,771		ROA = Ordinary profit / [(Total asset at the beginning of terms + total asset
																		at the end of terms) / 2] x 100
Operating profit		52,293		52,500		66,281		71,871		70,420	59,761	72,819		36,861	37,952	26,567
						3.	Return on equity (ROE)
Ordinary profit		42,495		74,414		76,902		81,093		72,422	63,925	79,621		50,679	49,610	44,527
							ROE = Profit (loss) attributable to owners of parent / {[(Total net assets at
																		the beginning of terms - non-controlling interests at the beginning of terms
Profit (loss) attributable to owners of															(72,850)
	9,565		36,948		52,551		56,147		61,316	28,352	34,595		1,298	24,407		- other deductions at the beginning of terms) + (Total net assets at the end
parent								of terms - non-controlling interests at the end of terms - other deductions
																		at the end of terms)] / 2]} x 100
Capital expenditures		52,141		52,957		65,944		57,636		78,103	75,685	76,231		103,418	88,043	81,519
																	4. Total assets, Total non-current liabilities, Return on asset (ROA),
Depreciation and amortization		62,514		60,370		60,498		56,746		60,842	60,796	61,420		64,519	68,657	66,337
							Shareholders' equity ratio
R&D expenses		11,743		11,401		10,986		10,530		11,225	11,344	11,614		10,912	10,881	11,127		The Company has been applying "Partial Amendments to Accounting
							Standard for Tax Effect Accounting" (ASBJ Statement No. 28 on February
At Year-End																		16, 2018) from the beginning of FY2019. Individual figures related to
																		FY2018 have had the accounting standards applied retroactively.
Total assets*4		1,751,870		1,811,767		1,778,505		1,898,157		1,793,375	1,896,939	2,011,067		1,938,270	1,904,050	2,035,546
Total non-current liabilities*4		565,542		549,198		514,279		490,825		452,038	480,079	465,570		486,921	520,123	562,313
Total net assets		409,074		466,231		525,707		629,514		645,017	710,195	768,495		723,337	586,034	614,394
Number of issued shares (common share) (thousands)		1,314,895		1,314,895		1,314,895		1,314,895		1,314,895	131,489	131,489		131,489	131,489	131,489
Number of employees (consolidated)		22,015		22,181		23,112		23,413		24,636	24,859	26,959		28,426	28,601	27,162
																(Unit : Yen)
Per Share Amounts*1
Profit	¥	7.29	¥	28.19	¥	40.10	¥	42.85	¥	46.80	¥ 216.44	¥ 264.15	¥	9.92	¥ (556.34)	¥ 186.71
Diluted profit		-		-		-		-		-	-	-		-	-	-
Net assets		267.62		309.17		348.54		420.36		423.83	4,743.27	5,211.20		4,838.31	3,870.35	4,173.14
Cash dividends applicable to the year		2.00		4.00		6.00		8.00		10.00	60.00	80.00		80.00	80.00	50.00
Financial Ratios (%)
Operating margin		3.6%		4.1%		4.7%		4.7%		5.0%	4.6%	4.6%		2.2%	2.5%	1.8%
Return on asset (ROA)*2*4		2.4%		4.2%		4.3%		4.4%		3.9%	3.5%	4.1%		2.6%	2.6%	2.3%
Return on equity (ROE)*3		2.8%		9.8%		12.2%		11.1%		11.1%	4.8%	5.3%		0.2%	(12.8%)	4.6%
Shareholders' equity ratio*4		20.0%		22.4%		25.7%		29.0%		31.0%	32.8%	33.9%		32.7%	26.6%	26.8%

Changes in Medium-Term Management Plans and Strategies

Medium-Term Management Plan		Medium-Term Management Plan		Medium-Term Management Strategy		Medium-Term Management Strategy
"Materials Premium 2013		"Materials Premium 2016
		"Transformation for Growth"		"Value Creation Process"
Aiming for New Creation"		-Challenge to become the world's leading business group-"
2012-2014	2015-2017	2018-2020	2021-2023
1	Develop overseas markets, especially emerging markets		1	Fortifying the foundation for growth		1	Achieve growth through innovation		1	Business Strategies	[Refer to p.32]
2	Realize "Materials Premium"		2	Strengthening global competitiveness		2	Create value by building a recycling-oriented society			Corporate Strategies	[Refer to p.53]
				•R&D and marketing strategy	•Manufacturing excellence strategy
									2
									•Quality management strategy	•Digital Transformation strategy
			3	Pursuing a recycling-based business model		3	Increase the company's market presence through			•Human resources strategy
				investment for growth
									3	Governance	[Refer to p.74]
						4	Increase efficiency through continuous improvement
							•Corporate Governance •Strengthening Group Governance

90 MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2021

MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2021 91

[Financial Data/Corporate Data]

Financial Statements

Consolidated Balance Sheets

Unit : Millions of yen

Value Creation and	Top Message	About the Mitsubishi	Business Strategies	Corporate Strategies	Strengthening the	Governance	Financial Data/
Performance	Materials Group	Foundation	Corporate Data

Consolidated Statements of Profit or Loss

Unit : Millions of yen

	As of March 31,	As of March 31,
	2020	2021
ASSETS
Current assets
Cash and deposits	134,444	153,086
Notes and accounts	217,259	220,522
receivable - trade
Merchandise and finished goods	111,409	117,498
Work in process	112,908	126,357
Raw materials and supplies	127,908	136,019
Leased gold bullion	95,557	156,254
Other	158,444	133,258
Allowance for doubtful accounts	(2,470)	(3,103)
Total current assets	955,462	1,039,894
Non-current assets
Property, plant and equipment
Buildings and structures, net	155,868	158,343
Machinery, equipment and	233,923	241,391
vehicles, net
Land, net	216,487	209,707
Construction in progress	29,298	33,864
Other, net	23,720	22,093
Total property, plant and	659,298	665,402
equipment, net
Intangible assets
Goodwill	35,586	31,670
Other	15,906	14,760
Total intangible assets	51,492	46,431
Investments and other assets
Investment securities	183,043	217,477
Retirement benefit asset	3,211	4,934
Deferred tax assets	15,572	14,801
Other	40,081	50,996
Allowance for doubtful accounts	(4,112)	(4,392)
Total investments and	237,796	283,818
other assets
Total non-current assets	948,588	995,651
Total assets	1,904,050	2,035,546

	As of March 31,	As of March 31,
	2020	2021
LIABILITIES
Current liabilities
Notes and accounts payable - trade	113,148	153,603
Short-term borrowings	191,038	175,686
Current portion of bonds payable	-	20,000
Commercial papers	50,000	40,000
Income taxes payable	10,221	6,781
Provision for bonuses	12,944	12,852
Provision for loss on disposal of	670	756
inventories
Provision for product compensation	809	578
Deposited gold bullion	294,312	323,505
Other	124,746	125,072
Total current liabilities	797,892	858,838
Non-current liabilities
Bonds payable	60,000	40,000
Long-term borrowings	246,578	353,795
Deferred tax liabilities	26,667	36,162
Deferred tax liabilities for land	21,514	21,094
revaluation
Provision for loss on business of	4,014	2,525
subsidiaries and affiliates
Provision for loss on business	30,272	-
restructuring
Provision for environmental measures	32,581	26,555
Provision for product compensation	392	-
Provision for directors' retirement	1,710	1,677
benefits
Provision for share based	-	220
compensation plan
Retirement benefit liability	56,312	42,249
Other	40,078	38,033
Total non-current liabilities	520,123	562,313
Total liabilities	1,318,016	1,421,151
NET ASSETS
Shareholders' equity
Share capital	119,457	119,457
Capital surplus	92,393	79,439
Retained earnings	274,723	294,814
Treasury shares	(2,157)	(2,868)
Total shareholders' equity	484,416	490,843
Accumulated other comprehensive
income
Valuation difference on available-	22,806	42,940
for-sale securities
Deferred gains or losses on hedges	708	(1,119)
Revaluation reserve for land	28,059	27,097
Foreign currency translation adjustment	(12,212)	(8,057)
Remeasurements of defined benefit plans	(16,997)	(6,470)
Total accumulated other	22,364	54,390
comprehensive income
Non-controlling interests	79,252	69,161
Total net assets	586,034	614,394
Total liabilities and net assets	1,904,050	2,035,546

			Year Ended March 31, 2020	Year Ended March 31, 2021
			(Apr. 1, 2019-Mar. 31, 2020)	(Apr. 1, 2020-Mar. 31, 2021)
Net sales			1,516,100	1,485,121
Cost of sales		1,325,438	1,312,771
Gross profit			190,662	172,349
Selling, general and administrative expenses	152,709	145,781
Operating profit		37,952	26,567
Total non-operating income	31,362	38,278
Total non-operating expenses	19,704	20,318
Ordinary profit		49,610	44,527
Total extraordinary income		16,562	28,876
Total extraordinary losses		106,671	30,063
Profit (loss)	before income taxes	(40,498)	43,341
Total income taxes		28,810	12,564
Profit (loss)			(69,308)	30,777
Profit (loss)	attributable to	non-controlling interests	3,541	6,369
Profit (loss)	attributable to	owners of parent	(72,850)	24,407

Consolidated Statements of Cash Flows

		Unit : Millions of yen
	Year Ended March 31, 2020	Year Ended March 31, 2021
	(Apr. 1, 2019-Mar. 31, 2020)	(Apr. 1, 2020-Mar. 31, 2021)
Cash flows from operating activities	67,545	78,442
Cash flows from investing activities	(66,898)	(101,763)
Cash flows from financing activities	28,873	41,514
Net increase (decrease) in cash and cash equivalents	27,559	19,203
Cash and cash equivalents at end of period	127,284	147,533

92 MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2021

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[Financial Data/Corporate Data]

Investor Information

Investor Information		As of March 31, 2021
Articles Concerning Stock
Total number of authorized shares: 340,000,000
Total number of issued shares: 131,489,535
Number of shareholders: 92,446
Major Shareholders (Top 10 shareholders)
Name of Shareholders	Number of Shares Held	Percentage of Shareholding
(Thousand)	(%)*
The Master Trust Bank of Japan, Ltd. (Trust account)	11,519	8.8
Custody Bank of Japan, Ltd. (Trust account)	8,807	6.7
NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL	6,873	5.2
INVESTORS INTERNATIONAL VALUE EQUITY TRUST
NORTHERN TRUST CO. (AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS	3,979	3.0
Meiji Yasuda Life Insurance Company	3,101	2.4
NORTHERN TRUST CO. (AVFC) SUB A/C NON TREATY	2,231	1.7
STATE STREET BANK AND TRUST COMPANY 505103	2,003	1.5
MUFG Bank, Ltd.	2,003	1.5
Custody Bank of Japan, Ltd. (Trust account 5)	2,002	1.5
Mitsubishi Heavy Industries, Ltd.	1,900	1.5

Note: Percentages of shareholding were calculated after deducting treasury shares (559,581 shares)

treasury shares							National & Local Government	100~499
0.43	%						0.01	%	%											500~999
							6.85						2.86%
Individuals & Others														1~99
													%
																			1,000~4,999
18.47													Financial Institutions	0.52
%																					5.63%
				33.65%
											Distribution of
					Distribution of
										dividends to
					Shareholders
										shareholders
																	10,000~
													Securities Companies	82.78%					5,000~9,999
									3.45%					1.36%
Foreign Corporations, etc.
31.23%													Other Corporations
					12.76%

Total Shareholder Return (TSR)

	March 2017	March 2018	March 2019	March 2020	March 2021
Mitsubishi Materials Corporation	107.9%	105.0%	98.8%	79.1%	92.3%
TOPIX	114.7%	132.9%	126.2%	114.2%	162.3%

Note: The figures for Mitsubishi Materials and TOPIX are calculated with the closing price data as of the end of March 2016 as 100.

Company Name: Mitsubishi Materials Corporation

Marunouchi Nijubashi Building 22F, 3-2-3, Marunouchi, Chiyoda-ku, Tokyo 100-8117 Japan

Date Established: April 1, 1950

Representative: Naoki Ono, Chief Executive Officer

Stock Listing: Tokyo Stock Exchange, Inc.

Paid-in Capital: ¥119,457 million

Total Assets: ¥2,035,546 million

Number of Employees: 6,153 (consolidated : 27,162)

Number of consolidated subsidiaries: 140

Number of equity method affiliated companies: 19

Membership:

KEIDANREN (Japan Business Federation), KEIZAI DOYUKAI (Japan Association of Corporate Executives), Japan Cement Association, Japan Mining Industry Association, ICMM (International Council on Mining & Metals), etc.

(As of March 31, 2021)

94 MITSUBISHI MATERIALS CORPORATION INTEGRATED REPORT 2021