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Mitsubishi Materials Corp (5711.T)

5711.T on Tokyo Stock Exchange

2,890JPY
16 Aug 2018
Change (% chg)

¥-10 (-0.34%)
Prev Close
¥2,900
Open
¥2,857
Day's High
¥2,892
Day's Low
¥2,828
Volume
799,000
Avg. Vol
773,501
52-wk High
¥4,605
52-wk Low
¥2,828

Latest Key Developments (Source: Significant Developments)

R&I affirms Mitsubishi Materials rating at "A-" and says stable outlook -R&I
Monday, 9 Apr 2018 

April 9 (Reuters) - Mitsubishi Materials Corp <5711.T>:Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A-" -R&I.Says rating outlook stable -R&I.  Full Article

Mitsubishi Materials to transfer part of real estate business to unit and to sell unit
Wednesday, 29 Nov 2017 

Nov 29(Reuters) - Mitsubishi Materials Corp <5711.T>:Says it plans to transfer a part of real estate business to its consolidated subsidiary Mitsubishi Materials Real Estate Corporation, for 1.08 billion yen, effective Feb. 1, 2018.Says it will sell entire shares of Mitsubishi Materials Real Estate Corporation to a group company of Fortress Investment Group LLC <<>> with undisclosed price, and transaction date on Feb. 28, 2018.  Full Article

Mitsubishi Materials: Unsure how far back data falsification went
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Mitsubishi Cable Industries Ltd [RIC:RIC:MTCBL.UL]:Mitsubishi Materials President Takeuchi says 16 customers received affected parts from Mitsubishi Aluminum.Mitsubishi Materials exec: Will disclose results of Mitsubishi Shindoh internal investigation, interim report on Mitsubishi Cable investigation by end-dec.Mitsubishi Materials exec: Investigating whether wrongdoing took place in other parts of the company.Mitsubishi Materials president: Not able to say how far back data falsification went.Mitsubishi Shindoh president: Possible affected products have been sent to china and taiwan.Mitsubishi Shindoh president: Affected products have not been sent directly to customers in the U.S. but may have been indirectly.Mitsubishi Cable president: We have affected customers in the u.s..Mitsubishi Cable president: Our automotive customers are domestic.Mitsubishi Cable president: Possible products with falsified data were shipped even after the wrongdoing was discovered.Mitsubishi Materials president says his responsibility is to quickly solve data falsification issue and take countermeasures.Mitsubishi Cable president: Doesn’t think the number of companies potentially affected by falsification issue will increase beyond the current 229.Mitsubishi Materials president says no involvement by parent company in latest misconduct.  Full Article

Japan Def Min: Mitsubishi Cable's misconduct "extremely regrettable"
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Japanese Defence Minister Itsunori Onodera says::Mitsubishi Cable Industries' misconduct "extremely regrettable", investigating impact on defence-related materials.No need to immediately halt use of equipment after Mitsubishi Cable's data falsification.  Full Article

Mitsubishi Materials unveils boardroom shake-up as data tampering scandal deepens

TOKYO, June 11 Japan's Mitsubishi Materials Corp on Monday announced a top management reshuffle after the maker of metals and other products for the first time explicitly accepted responsibility over a data tampering scandal dating back to last year.