Mitsubishi Materials Explained

Mitsubishi Materials Corporation
Type:Public KK
Traded As:
OSE

5711
Nikkei 225 Component

Founder:Yataro Iwasaki
Location:Chiyoda-ku, Tokyo, Japan
Key People:Akira Takeuchi
(Chairman)
Naoki Ono
(President)
Industry:Metals
Services:Recycling services
Revenue: US$14.36 billion (FY 2018) (¥ 1,599 billion JPY) (FY 2018)
Net Income: US$988 million (FY 2018) (¥ 110.11 billion JPY) (FY 2018)
Num Employees: 26,959 (consolidated as of March 31, 2018)
Homepage:Official website
Footnotes:[1] [2]

, or MMC, is a Japanese company. It is a manufacturer of cement products, copper and aluminum products, cemented carbide tools, and electronic materials.[3] It is one of the core companies of Mitsubishi Group.

The company is listed on the Tokyo Stock Exchange and the Osaka Securities Exchange, and is a constituent of the Nikkei 225 stock market index.[4]

In 2018 Mitsubishi Materials admitted that five of its subsidiaries, Mitsubishi Cable Industries Ltd., Mitsubishi Shindoh Co., Mitsubishi Aluminum Co., Tachibana Metal MFG Co. and Diamet Corp., had falsified quality data over the past three years on shipments including aluminium and automotive components. Mitsubishi Materials has started investigations at about 120 factories in its group.[5]

Business summary

Mitsubishi Materials Corporation has eight business sections, which are:

External links

Notes and References

  1. Web site: Corporate Profile . Mitsubishi Materials . September 25, 2014.
  2. Web site: Company Profile . . September 25, 2014.
  3. Web site: Company Profile . https://archive.today/20140925124634/http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=5711:JP . dead . September 25, 2014 . . September 25, 2014.
  4. Web site: Components:Nikkei Stock Average . . September 25, 2014.
  5. News: Falsified data scandal widens at Mitsubishi Materials . The Asahi Shimbun . 9 February 2018 . 9 February 2018.