Mitsubishi Materials : Supplementary Explanation for the 1st Half of the fiscal year ending March 31, 2020（647KB）

MITSUBISHI MATERIALS

CORPORATION

Supplementary Explanation for the 1st Half of the fiscal year ending March 31, 2020

November 7, 2019

1｜2019.11.07

目 次

1. Performance Overview (P. 3 - 4)
2. Comparison with the Previous Year Result (P. 5 - 8)
3. Consolidated Balance Sheet (P. 9)
4. Comparison with the Previous 1st Half Forecast (P. 10)
5. FY2020 Performance Forecast (P. 11 - 13)
6. (FYI) Performance Overview (Quarterly) (P. 14)

2｜2019.11.07

Performance Overview (1st Half)

	709.5	725.4
		603.1
60.0
	45.7
40.0	38.9	39.5
	36.1	36.4
		29.5
		27.3 26.0
20.0		20.1

0.0

［Unit: ¥ billions］

855.2

900.0

748.4 800.0

700.0

600.0

Net sales Operating profit Ordinary income

Net income attributable to owners of parent

33.0

27.527.2

14.8 16.9

4.5

FY2016

FY2017

FY2018

FY2019

FY2020

3｜2019.11.07

Performance Overview (Quarterly)			［Unit: ¥ billions］
	420.0	435.2	417.2							460.0
					390.4			382.1
						366.2
									370.0
							Net sales
							Operating profit			280.0
30.0							Ordinary income
							Net income attributable to owners of parent
20.0		16.818.0	14.9			19.1
10.0	9.8	10.7	8.9	8.6	8.9	7.9 8.0
			4.9	6.6
				2.6	2.4		2.1
0.0

-2.0

-10.0

-11.5

-20.0

19/3. 1Q

19/3. 2Q

19/3. 3Q

19/3. 4Q

20/3. 1Q

20/3. 2Q

4｜2019.11.07

Comparison with the Previous Year Result (Consolidated Statements of Operations)

［Unit: ¥ billions］

	FY2019	FY2020
	1st Half	1st Half	Difference		Reason *
	Result (a)	Result (b)	(b)-(a)
Net sales	855.2	748.4	-106.8		AP-28.2、MS-9.0、Metal-70.3、Cement-3.9 , etc.
Operating profit	27.5	16.9	-10.6		AP-6.6、MS-3.9、Metal+1.4、Cement-1.6 , etc.
Net interest and	7.7	10.3	2.5		Dividend income+2.5 , etc.
dividends income
Equity in earnings of	0.7	2.1	1.4
affiliates
Other / Non-operating	-3.0	-2.2	0.8
profit / loss
Ordinary income	33.0	27.2	-5.8

Extraordinary income / loss

Income taxes

Net income attributable to non-controlling

-3.3	-10.9	-7.5
-9.9	-9.4	0.5
-4.8	-2.3	2.5

Loss on the Antimonopoly Act△10.4

Loss on valuation of investment securities+1.3 Gain on sales of investment securities+1.7 , etc.

Net income attributable to	14.8	4.5	-10.3
owners of parent
Exchange rate (USD)	110	109	-2		JPY / $
Exchange rate (EUR)	130	121	-8		JPY / €
Copper price (LME)	294	270	-24		¢ / lb

5｜2019.11.07

* AP: Advanced Products MS: Metalworking Solutions

Comparison with the Previous Year Result (Statistics)

• Statistics

FY2019	FY2020
1st Half	1st Half	Difference
Result (a)	Result (b)	(b)-(a)

	Sales volumes of copper & copper alloy products	(thousand tons)	70	67	-2
	Sales volumes of aluminum sheet products	(thousand tons)	53	50	-3
	Sales volumes of aluminum extrusion products	(thousand tons)	9	7	-1
	Sales volumes of copper cathodes (in-house product)	(thousand tons)	159	150	-8
	Sales volumes of copper cathodes (PTS)	(thousand tons)	148	138	-10
	Dividend from copper mine	(¥ billion)	6.2	8.8	2.6
	Total demand for cement in Japan	(million tons)	20.77	20.36	-0.41
	Cement sales volumes for MMC-Domestic	(million tons)	3.59	3.24	-0.35
	Cement sales volumes for MMC-Exports	(million tons)	0.93	1.01	0.08
	Cement sales volumes in the U.S.	(million tons)	0.76	0.74	-0.03
	Ready-mixed concrete sales volumes in the U.S.	(million cy)	4.19	4.43	0.24

6｜2019.11.07

Comparison with the Previous Year Result

(Factor Analysis of Ordinary Income)

［Unit: ¥ billions］

	Exchange	Price	Quantity
33.0	rate	Differences	variation
Differences	+1.8	-11.0
	-1.0				Equity in
				Dividend	earnings of	Others	27.2
				affiliates
			Electricity	+1.1
			income	+1.4
			price effect	+2.5

-0.6

FY2019	FY2020
1st Half	1st Half
Result	Result

7｜2019.11.07

Comparison with the Previous Year Result (Factor Analysis by Segment)

［Unit: ¥ billions］

				FY2019	FY2020	Differences			Exchange	Price	Quantity	Electricity	Dividends	Equity in	Others
				1st Half	1st Half				rate	differences	variation	price effect	income	earnings of
				Result (a)	Result (b)	(b)-(a)			differences					affiliates
			Net sales	290.5	262.2	-28.2	-1.4	-8.0	-18.9	－	－	－	0.1
	Advanced Products	Operating profit	7.6	0.9	-6.6	-0.0	0.0	-3.5	-0.3	－	－	-2.8
			Ordinary income	8.1	1.9	-6.2	-0.2	0.1	-2.3
		Copper &	Net sales	177.4	157.1	-20.3	-1.1	-7.4	-11.9	－	－	－	0.1
		Operating profit	4.6	2.5	-2.0							－	－	-0.7
		Copper Alloy	-0.0	0.1	-1.4	-0.0
		Ordinary income	4.0	2.4	-1.5	-0.0	0.1	-0.3
		Electronic	Net sales	36.1	34.8	-1.3	-0.2	-0.3	-0.8	－	－	－	0.0
		Materials &	Operating profit	1.6	-0.4	-2.0	-0.0	-0.3	-0.9	-0.1	－	－	-0.7
		Components	Ordinary income	3.0	0.9	-2.1	-0.1	-0.0	-0.7
			Net sales	77.0	70.5	-6.5	-0.1	-0.2	-6.2	－	－	－	0.0
		Aluminum	Operating profit	1.3	-1.2	-2.5	0.0	0.1	-1.1	-0.1	－	－	-1.4
			Ordinary income	1.1	-1.4	-2.5	-0.0	-0.0	-1.4
	Metalworking	Net sales	87.2	78.1	-9.0	-1.9	1.5	-8.6	－	－	－	0.0
	Operating profit	9.9	5.9	-3.9							－	－	0.6
	Solutions	-0.9	0.9	-4.5	-0.0
	Ordinary income	9.3	5.2	-4.1	0.0	－	0.4
			Net sales	386.9	316.5	-70.3	3.7	-17.3	-56.7	－	－	－	0.0
	Metals	Operating profit	4.1	5.6	1.4	0.0	1.3	-3.4	-0.2	－	－	3.7
			Ordinary income	8.1	13.7	5.5	2.6	0.5	4.7
			Net sales	123.4	119.4	-3.9	-0.8	-1.7	-1.4	－	－	－	0.0
	Cement	Operating profit	8.2	6.5	-1.6	-0.1	-0.4	0.2	-0.1	－	－	-1.2
			Ordinary income	9.0	7.9	-1.0	0.1	0.3	-1.0
			Net sales	85.3	84.0	-1.2	-0.4	-0.0	-0.8	－	－	－	0.0
	Others	Operating profit	2.6	2.4	-0.2	-0.0	-0.0	0.0	-0.0	－	－	-0.2
			Ordinary income	2.8	3.2	0.3	0.0	0.3	0.0
			Net sales	-118.2	-112.1	6.0	0.0	4.8	1.2	－	－	－	0.0
	Elimination, etc.	Operating profit	-4.9	-4.5	0.4	0.0	0.0	0.1	0.0	－	－	0.3
			Ordinary income	-4.5	-4.7	-0.2	-0.0	0.0	-0.3
			Net sales	855.2	748.4	-106.8	-0.8	-20.7	-85.4	－	－	－	0.1
	Total	Operating profit	27.5	16.9	-10.6	-1.0	1.8	-11.0	-0.6	－	－	0.2
			Ordinary income	33.0	27.2	-5.8	2.5	1.4	1.1

* As of April 1, 2019, the reporting segments have been changed. In regards of the result for the 1st half of the fiscal year ended March 31, 2019, the numerical data obtained upon the reclassification under the changed segments is used.

8｜2019.11.07

Consolidated Balance Sheet

		End of Mar.	End of Sep.	Difference
		2019 (a)	2019 (b)	(b)-(a)
		Assets
	Cash and deposits	108.6	91.4	-17.2
	Notes and accounts	248.2	234.0	-14.2
	receivable-trade
	Inventories	335.5	360.2	24.6
	Other	217.2	239.1	21.9
Current assets, subtotal	909.6	924.8	15.1
	Property, plant and	746.1	752.5	6.4
	equipment and intangible
	Investments and other assets	282.4	267.1	-15.3
Non-current assets, subtotal	1,028.6	1,019.6	-8.9
Total Assets	1938.2	1944.4	6.2

					［Unit: ¥ billions］
		End of Mar.		End of Sep.		Difference
		2019 (a)		2019 (b)		(b)-(a)
		Liabilities
	Notes and accounts payable-trade	147.5		125.6		-21.8
	Loans payable, bonds payable,	494.7	26%	530.1	27%	35.4
	and CP
	572.6		589.0		16.4
	Other liabilities
Liabilities, subtotal	1,214.9		1,244.8		29.9
		Net assets
	Capital stock	119.4		119.4		－
	Capital surplus and treasury stock	90.2		90.2		-0.0
	Retained earnings	352.9		352.4		-0.5
	Total other comprehensive income	70.9		55.6		-15.2
	Non-Controlling interests	89.7		81.7		-7.9
Net Assets, subtotal	723.3	37%	699.5	36%	-23.7
Total liabilities and net assets	1,938.2		1,944.4		6.2
Shareholders' equity ratio	33 %	32	%
Net debt to equity ratio	0.6 times	0.7	times

9｜2019.11.07

Comparison with the Previous 1st Half Forecast (Consolidated Statements of Operations)

［Unit: ¥ billions］

	※Previous	FY2020
	1st Half	1st Half	Difference			Reason *
	Forecast(a)	Result(b)	(b-a)
Net sales	830.0	748.4	-81.6			AP-30.2、MS-10.8、Metal-50.7、Cement-4.6 , etc.
Operating profit	23.0	16.9	-6.1			AP-5.7、MS-1.1、Metal+0.6、Cement-1.4 , etc.
Net interest and dividends income	1.7	10.3	8.6			Dividend income+8.0 , etc.
Equity in earnings of affiliates	1.0	2.1	1.1
Other / Non-operating profit / loss	-1.7	-2.2	-0.5
Ordinary income	24.0	27.2	3.2
Extraordinary income / loss	-10.9	-10.9	0.0
Income taxes	-6.6	-9.4	-2.8
Net income attributable to non-controlling	-1.5	-2.3	-0.8
interests
Net income attributable to owners of parent	5.0	4.5	-0.5
Exchange rate (USD)	110	109	-1			JPY / $
Exchange rate (EUR)	125	121	-4			JPY / €
Copper price (LME)	290	270	-20			¢ / lb
	※Announced on August 7,2019		* AP: Advanced Products MS: Metalworking Solutions

10｜2019.11.07

FY2020 Forecast: Statistics / Assumptions / Sensitivity

■Statistics / Assumptions		※Forecast(a)				Forecast(b) at this time		Difference(b-a)
									1st Half	2nd Half
			1st Half	2nd Half		Full Year		Result	Forecast	Full Year		1st Half	2nd Half	Full Year
	Sales volumes of copper & copper alloy products	(thousand tons)	73	76		149			67	69	136	-6	-7	-13
														-3
	Sales volumes of aluminum sheet products	(thousand tons)	54	54		108			50	55	105	-4	1
	Sales volumes of aluminum extrusion products	(thousand tons)	9	9		19			7	8	15	-2	-1	-4
	Sales volumes of copper cathodes (in-house product)	(thousand tons)	167	164		331			150	167	317	-17	3	-14
	Sales volumes of copper cathodes (PTS)	(thousand tons)	146	147		293			138	141	279	-8	-6	-14
	Dividend from copper mine	(¥ billion)	0.6	11.4		12.0			8.8	2.8	11.7	8.2	-8.5	-0.3
	Total demand for cement in Japan	(million tons)	－	－		42.50			－	－	42.50		－	－	－
														-0.17
	Cement sales volumes for MMC-Domestic	(million tons)	3.46	3.64		7.10			3.24	3.70	6.93	-0.22	0.06
	Cement sales volumes for MMC-Exports	(million tons)	1.15	1.10		2.25			1.01	1.12	2.13	-0.14	0.02	-0.12
	Total demand for cement in U.S.	(million tons)	－	－		98.38			－	－	98.67		－	－	0.29
	Cement sales volumes in the U.S.	(million tons)	0.82	0.73		1.55			0.74	0.73	1.46	-0.08	-0.10	-0.09
	Ready-mixed concrete sales volumes in the U.S.	(million cy)	4.39	3.98		8.37			4.43	4.06	8.49	0.04	0.08	0.12
			※Announced on May 13, 2019
■ Sensitivity				■ Assumptions
	FY2020
			2nd Half			2nd Half
	Exchange rates Operating profit - 1 yen/$ (yen depreciation)		0.4	billion yen		108 JPY / $
	Exchange rates Operating profit - 1 yen/€ (yen depreciation)		0.05	billion yen	120 JPY / €
	Copper price (LME) Operating profit ±10¢/lb		0.3	billion yen		265 ¢ / lb
	Copper price (LME) Non-operating profit ±10¢/lb		0.1	billion yen

11｜2019.11.07

FY2020 Performance Forecast

［Unit: ¥ billions］

	(a)	Result	Forecast	(b)		(b-a)
Net sales	1,700.0	748.4	781.6	1,530.0		-170.0
Operating profit	51.0	16.9	14.1	31.0		-20.0
Net interest and dividends income	13.7	10.3	3.2	13.5		-0.2
Equity in earnings of affiliates	3.0	2.1	1.4	3.5		0.5
Other / Non-operating profit / loss	-5.7	-2.2	-3.8	-6.0		-0.3
Ordinary income	62.0	27.2	14.8	42.0		-20.0
Extraordinary income / loss	-6.0	-10.9	-1.1	-12.0		-6.0
Income taxes	-16.8	-9.4	-5.6	-15.0		1.8
Net income attributable to non-	-9.2	-2.3	-2.7	-5.0		4.2
controlling interests
Net income attributable to owners of	30.0	4.5	5.5	10.0		-20.0
parent
Exchange rate (USD)	110	109	108	108		-2
Exchange rate (EUR)	125	121	120	121		-4
Copper price (LME)	290	270	265	268		-22
Dividend per share (yen)	80	40	40	80		－

12｜2019.11.07	※Announced on May 13, 2019

FY2020 Performance Forecast by Segment

［Unit: ¥ billions］

	※Forecast(a)		Forecast(b) at this time		Difference(b-a)
			1st Half	2nd Half
	1st Half 2nd Half Full Year		Result	Forecast	Full Year		1st Half 2nd Half Full Year

				Net sale Net sales	292.4	295.5	587.9	262.2	256.8	519.0
		Advanced Products	Operati Operating profit	6.6	7.8	14.5	0.9	2.5	3.4
				Ordinar Ordinary income	7.4	8.3	15.7	1.9	2.8	4.7
			Copper &	Net sale Net sales	176.4	177.8	354.3	157.1	148.2	305.3
			Operati Operating profit	4.4	5.4	9.8	2.5	3.0	5.5
			Copper Alloy
			Ordinar Ordinary income	4.2	5.1	9.3	2.4	2.7	5.1
			Electronic	Net sale Net sales		36.8	40.4	77.3	34.8	37.3	72.1
			Materials &	Operati Operating profit	1.1	2.0	3.1	-0.4	0.6	0.2
			Components	Ordinar Ordinary income	2.4	3.2	5.7	0.9	1.6	2.5
				Net sale Net sales		79.1	77.2	156.3	70.5	71.2	141.7
			Aluminum	Operati Operating profit	1.0	0.4	1.5	-1.2	-1.1	-2.3
				Ordinar Ordinary income	0.7	-0.0	0.6	-1.4	-1.5	-2.9
				Net sale Net sales	88.9	90.3	179.2	78.1	73.1	151.2
		Metalworking Solutions	Operati Operating profit	7.0	9.6	16.7	5.9	1.0	6.9
				Ordinar Ordinary income	6.8	9.3	16.2	5.2	0.7	5.9
				Net sale Net sales	367.2	380.8	748.1	316.5	362.0	678.5
		Metals	Operati Operating profit	5.0	3.2	8.2	5.6	3.2	8.8
				Ordinar Ordinary income	3.8	12.7	16.6	13.7	3.6	17.3
				Net sale Net sales	124.0	129.6	253.6	119.4	115.7	235.1
		Cement	Operati Operating profit	7.9	8.0	15.9	6.5	9.1	15.6
				Ordinar Ordinary income	9.0	9.1	18.2	7.9	9.9	17.8
				Net sale Net sales	84.3	98.4	182.8	84.0	98.0	182.0
		Others	Operati Operating profit	1.8	5.1	6.9	2.4	4.8	7.2
				Ordinar Ordinary income	2.1	5.7	7.8	3.2	5.3	8.5
				Net sale Net sales	-127.0	-124.8	-251.8	-112.1	-124.0	-236.1
		Elimination, etc.	Operati Operating profit	-5.5	-5.9	-11.5	-4.5	-6.7	-11.2
				Ordinar Ordinary income	-5.3	-7.4	-12.7	-4.7	-7.7	-12.4
				Net sale Net sales	830.0	870.0	1,700.0	748.4	781.6	1,530.0
		Total	Operati Operating profit	23.0	28.0	51.0	16.9	14.1	31.0
				Ordinar Ordinary income	24.0	38.0	62.0	27.2	14.8	42.0

-30.2	-38.7	-68.9
-5.7	-5.3	-11.1
-5.5	-5.5	-11.0
-19.3	-29.6	-49.0
-1.9	-2.4	-4.3
-1.8	-2.4	-4.2
-2.0	-3.1	-5.2
-1.5	-1.4	-2.9
-1.5	-1.6	-3.2
-8.6	-6.0	-14.6
-2.2	-1.5	-3.8
-2.1	-1.5	-3.5
-10.8	-17.2	-28.0
-1.1	-8.6	-9.8
-1.6	-8.6	-10.3
-50.7	-18.8	-69.6
0.6	0.0	0.6
9.9	-9.1	0.7
-4.6	-13.9	-18.5
-1.4	1.1	-0.3
-1.1	0.8	-0.4
-0.3	-0.4	-0.8
0.6	-0.3	0.3
1.1	-0.4	0.7
14.9	0.8	15.7
1.0	-0.8	0.3
0.6	-0.3	0.3
-81.6	-88.4	-170.0
-6.1	-13.9	-20.0
3.2	-23.2	-20.0

※Announced on May 13, 2019

13｜2019.11.07

14｜2019.11.07

(FYI) Performance Overview (Quarterly)

							FY2019 Result							FY2020 Result
					1Q	2Q	1st Half	3Q	4Q	2nd Half	Full Year		1Q	2Q	1st Half	3Q	4Q	2nd Half	Full Year
■ Performance Overview by Segment
			Net sales		148.4	142.0	290.5	144.8	135.5	280.4	570.9	133.2	128.9	262.2	－	－	－	－
		Advanced Products	Operating profit		4.5	3.1	7.6	3.1	1.1	4.3	11.9	1.0	-0.1	0.9	－	－	－	－
			Ordinary income		4.3	3.8	8.1	2.5	2.5	5.0	13.2	1.3	0.5	1.9	－	－	－	－
		Copper &	Net sales		90.3	87.1	177.4	88.9	83.4	172.3	349.8	79.9	77.1	157.1	－	－	－	－
		Operating profit		2.3	2.3	4.6	2.5	2.2	4.7	9.4	1.6	0.8	2.5	－	－	－	－
		Copper Alloy
		Ordinary income		2.0	1.9	4.0	2.1	2.2	4.3	8.3	1.9	0.5	2.4	－	－	－	－
		Electronic	Net sales		18.7	17.4	36.1	17.8	18.0	35.9	72.1	17.7	17.0	34.8	－	－	－	－
		Materials &	Operating profit		1.2	0.4	1.6	0.9	0.5	1.5	3.1	-0.1	-0.3	-0.4	－	－	－	－
		Components	Ordinary income		1.3	1.7	3.0	0.9	1.8	2.7	5.8	0.0	0.8	0.9	－	－	－	－
			Net sales		39.4	37.5	77.0	38.2	34.2	72.4	149.5	35.6	34.8	70.5	－	－	－	－
		Aluminum	Operating profit		0.9	0.3	1.3	-0.3	-1.6	-2.0	-0.7	-0.4	-0.7	-1.2	－	－	－	－
			Ordinary income		0.9	0.1	1.1	-0.5	-1.5	-2.0	-0.9	-0.5	-0.9	-1.4	－	－	－	－
			Net sales		44.8	42.3	87.2	42.7	41.5	84.2	171.5	40.4	37.7	78.1	－	－	－	－
		Metalworking Solutions	Operating profit		5.9	3.9	9.9	3.8	2.9	6.8	16.7	3.6	2.3	5.9	－	－	－	－
			Ordinary income		5.4	3.8	9.3	3.3	2.8	6.2	15.6	3.3	1.8	5.2	－	－	－	－
			Net sales		192.6	194.2	386.9	177.7	155.4	333.1	720.0	151.9	164.6	316.5	－	－	－	－
		Metals	Operating profit		3.5	0.6	4.1	-5.4	-5.9	-11.3	-7.1	1.4	4.2	5.6	－	－	－	－
			Ordinary income		3.5	4.5	8.1	-4.2	-1.6	-5.8	2.3	9.9	3.7	13.7	－	－	－	－
			Net sales		57.1	66.2	123.4	69.2	61.0	130.2	253.6	58.5	60.9	119.4	－	－	－	－
		Cement	Operating profit		4.3	3.8	8.2	5.8	2.6	8.4	16.6	4.2	2.2	6.5	－	－	－	－
			Ordinary income		5.1	3.9	9.0	6.6	4.0	10.6	19.7	5.1	2.8	7.9	－	－	－	－
			Net sales		39.6	45.6	85.3	51.1	58.2	109.3	194.7	38.2	45.7	84.0	－	－	－	－
		Others	Operating profit		0.7	1.8	2.6	2.6	4.7	7.4	10.0	0.5	1.8	2.4	－	－	－	－
			Ordinary income		0.9	1.9	2.8	2.7	4.7	7.4	10.3	0.9	2.2	3.2	－	－	－	－
			Net sales		-62.7	-55.4	-118.2	-68.3	-61.4	-129.8	-248.0	-56.2	-55.9	-112.1	－	－	－	－
		Elimination, etc.	Operating profit		-2.2	-2.7	-4.9	-3.4	-2.9	-6.3	-11.3	-1.9	-2.5	-4.5	－	－	－	－
			Ordinary income		-1.3	-3.1	-4.5	-2.0	-3.9	-6.0	-10.5	-1.5	-3.2	-4.7	－	－	－	－
			Net sales		420.0	435.2	855.2	417.2	390.4	807.7	1,662.9	366.2	382.1	748.4	－	－	－	－
		Total	Operating profit		16.8	10.7	27.5	6.6	2.6	9.2	36.8	8.9	7.9	16.9	－	－	－	－
			Ordinary income		18.0	14.9	33.0	8.9	8.6	17.6	50.6	19.1	8.0	27.2	－	－	－	－
■ Statistics / Assumptions
		Sales volumes of copper & copper alloy products (thousand tons)	36	34	70	37	36	73	142	34	33	67	－	－	－	－
		Sales volumes of aluminum sheet products	(thousand tons)	28	25	53	27	24	51	104	26	24	50	－	－	－	－
		Sales volumes of aluminum extrusion products	(thousand tons)	4	5	9	4	4	8	17	4	4	7	－	－	－	－
		Sales volumes of copper cathodes (in-house prod (thousand tons)	84	75	159	75	68	143	301	69	81	150	－	－	－	－
		Sales of volumes of copper cathodes (PTS)	(thousand tons)	69	79	148	37	49	86	234	68	70	138	－	－	－	－
		Dividend from copper mine		(¥ billion)	1.2	4.9	6.2	1.5	4.9	6.5	12.8	8.9	-0.0	8.8	－	－	－	－
		Total demand for cement in Japan	(million tons)	10.46	10.31	20.77	11.75	10.07	21.82	42.59	10.03	10.33	20.36	－	－	－	－
		Cement sales volumes for MMC-Domestic	(million tons)	1.82	1.77	3.59	2.02	1.71	3.73	7.32	1.62	1.62	3.24	－	－	－	－
		Cement sales volumes for MMC-Exports	(million tons)	0.41	0.52	0.93	0.58	0.59	1.17	2.11	0.48	0.53	1.01	－	－	－	－
		Total demand for cement in the U.S.	(million tons)	－	－	－	－	－	－	96.22		－	－	－	－	－	－	－
		Cement sales volumes in the U.S.	(million tons)	0.41	0.35	0.76	0.39	0.31	0.69	1.46	0.38	0.35	0.74	－	－	－	－
		Ready-mixed concrete sales volumes in the U.S.	(million cy)	2.10	2.09	4.19	1.86	1.65	3.52	7.72	2.29	2.14	4.43	－	－	－	－
		Exchange rate (USD)		JPY / $	109	111	110	113	110	112	111	110	107	109	－	－	－	－
		Exchange rate (EUR)		JPY / €	130	130	130	129	125	127	128	123	119	121	－	－	－	－
		Copper price (LME)		¢ / lb	312	277	294	280	282	281	288	277	263	270	－	－	－	－

※As of April 1, 2019, the reporting segments have been changed. In regards of the result for the 1st quarter of the fiscal year ended March 31, 2019, the numerical data obtained upon the reclassification under the changed segments is used.

For further information, please contact at:

Mitsubishi Materials Corporation

IR Dept., Finance & Accounting Dept.,

Corporate Strategy Div.

3-2-3, Marunouchi, Chiyoda-ku, Tokyo 100-8117 Japan

E-mail:[e-mail]

URL: http://www.mmc.co.jp/corporate/en/

These projected performance figures are based on information available to the Company's management as of the day for releasing this material.

There are many uncertain or risk factors inherent in projections, and there might be cases in which actual results materially differ from projections of this material.

15｜2019.11.07