In the consolidated financial results for the fourth quarter of the fiscal year ending March 2026, an impairment loss on fixed assets of 21 billion yen related to the Onahama Smelter is expected to be recorded. A capital increase of up to 23 billion yen will be executed for the subsidiary Onahama Smelting Co., Ltd., designating it as a specified subsidiary.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5711","jir_company_name":"Mitsubishi Materials Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/5711-20260325-02.pdf","jir_short_summary":"In the consolidated financial results for the fourth quarter of the fiscal year ending March 2026, an impairment loss on fixed assets of 21 billion yen related to the Onahama Smelter is expected to be recorded. A capital increase of up to 23 billion yen will be executed for the subsidiary Onahama Smelting Co., Ltd., designating it as a specified subsidiary.","jir_summary":"### Regarding the Recognition of Impairment Loss on Fixed Assets\nMitsubishi Materials Corporation has decided to suspend operations of the copper concentrate processing at Onahama Smelting Co., Ltd. in the consolidated financial results for the fourth quarter of the fiscal year ending March 2026. Consequently, it is expected to record an impairment loss of 21 billion yen primarily on fixed assets of the smelter. The copper smelting business is facing profitability decline due to intensified overseas competition and worsening terms of copper concentrate purchases from mining companies, and this measure is part of a fundamental structural reform. Meanwhile, processing of E-Scrap and shredder dust will be transferred to other sites, and the electrolytic and PGM plants will continue operating.\n\n### Regarding Subsidiary Capital Increase (Designation as Specified Subsidiary)\nSince Onahama Smelting Co., Ltd. is expected to become insolvent due to the impairment loss, Mitsubishi Materials will conduct a capital increase of up to 23 billion yen by converting loans to common shares to strengthen the financial base and improve profitability. The capital after the increase will amount to up to 29.9 billion yen, and it will continue to be a wholly owned consolidated subsidiary designated as a specified subsidiary. The capital increase is planned to be completed by the end of June 2026 and is expected to have a minimal impact on the consolidated full-year financial results for the fiscal year ending March 2026.","jir_financial_highlights":"Impairment loss on fixed assets (extraordinary loss): 21 billion yen (Scheduled to be recorded in the consolidated financial results for Q4 FY2026)\nCapital increase amount of Onahama Smelting Co., Ltd.: Up to 23 billion yen (Scheduled to be executed by June 30, 2026)\nCapital of Onahama Smelting Co., Ltd. (post capital increase): Up to 29.9 billion yen (Increased from 6,999 million yen before capital increase)","jir_category":"","jir_hashtags":"#MitsubishiMaterials, #financial_summary, #JapaneseStocks","jir_key_figures":"Impairment loss on fixed assets: 21 billion yen (scheduled to be recognized in consolidated Q4 FY2026 financial results)\nCapital increase amount of Onahama Smelting Co., Ltd.: Up to 23 billion yen (scheduled by June 30, 2026)\nCapital of Onahama Smelting Co., Ltd. (post capital increase): Up to 29.9 billion yen","jir_meta_title":"Mitsubishi Materials to Record 21 Billion Yen Impairment Loss on Fixed Assets and Implement 23 Billion Yen Capital Increase in Subsidiary","jir_meta_description":"Mitsubishi Materials will record a 21 billion yen impairment loss on fixed assets at the Onahama Smelter in Q4 FY2026 and execute a 23 billion yen capital increase in its subsidiary, designating it as a specified subsidiary to strengthen financial health.","jir_og_title":"Mitsubishi Materials Announces 21 Billion Yen Impairment Loss and 23 Billion Yen Capital Increase in Subsidiary","jir_og_description":"Mitsubishi Materials has decided to record a 21 billion yen impairment loss at the Onahama Smelter and conduct a 23 billion yen capital increase in its subsidiary to enhance financial stability.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7934,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-36460","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n