MITSUBISHI MATERIALS CORPORATION raises its outlook for the fiscal year ending March 2027 and expects operating profit of ¥165.0 billion. Higher metal prices and increased sales of semiconductor-related products contributed.
MITSUBISHI MATERIALS CORPORATION raised its outlook for the fiscal year ending March 2027. Operating profit is expected to reach ¥165.0 billion, representing a substantial improvement from the previous fiscal year.
The upward revision reflects higher prices for metals such as tungsten and copper. This is expected to increase gross profit.
The optimization of selling prices for cemented carbide products and increased sales volume of semiconductor-related products also contributed.
The company also announced its first-half results, with operating profit of ¥116.5 billion, 10.6 times the level of the same period a year earlier.