Mitsubishi Materials' share price has rebounded sharply. The move reflects a combination of the substantial upward revision to its earnings forecasts for the fiscal year ending March 2027, rising prices for metals such as copper and tungsten, and the impact of the weaker yen. The latest data show the share price reaching ¥6,022.
Mitsubishi Materials' share price surged to ¥6,022 as of 11:30 on 26 August 2026, up ¥394 from the previous day, or 7.00%. The upward trend that began on 20 August continued, with the stock reaching ¥5,772 on 24 August. The main catalyst this time was the substantial upward revision to the earnings forecast for the fiscal year ending March 2027. Forecast ordinary profit was raised to ¥180 billion, while rising prices for metals such as copper, gold and tungsten, the weaker yen and demand related to AI are cited as factors driving earnings growth. First-quarter ordinary profit was ¥51.9 billion, marking a return to profitability from approximately ¥140 million in the same period a year earlier.
The article identifies the increase in the operating profit forecast for the fiscal year ending March 2027, from ¥36 billion to ¥130 billion, as a key background factor behind the upward revision. Net income was also raised substantially, from ¥49 billion to ¥140 billion. The market's assessment of this revision is expected to affect the share price outlook going forward. The article also explains that higher metal prices are contributing to increased profits from tungsten, copper and gold.