Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsubishi Materials Corporation
Ticker 5711 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-22 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
operating margin is 3.3%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin3.3%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
三菱マテリアル株式会社 is a Japanese listed company. Its reportable segments include Operating Segments Not Included In, Renewable Energy, Metal Working Solutions, Total Of.
- Operating Segments Not Included In
- Renewable Energy
- Metal Working Solutions
- Total Of
- Metals
- Advanced Products
- Description Of
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Operating Segments Not Included In · Renewable Energy · Metal Working Solutions · Total Of · Metals · Advanced Products
Compare trends
No phone/email found in this filing · Filing date 2026-06-22
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.0T | ¥1.8T |
| Cost of sales* | ¥1.8T | ¥1.6T |
| Gross profit | ¥166.6B | ¥199.0B |
| Operating profit (loss) | ¥37.1B | ¥60.5B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥9.6B | ¥14.8B |
| Profit (loss) | ¥40.4B | ¥47.0B |
| Profit (loss) attributable to owners | ¥34.1B | ¥40.6B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥88.6B | ¥121.7B |
| Current assets | ¥1.5T | ¥2.1T |
| Non-current assets | ¥914.2B | ¥934.1B |
| Total assets | ¥2.4T | ¥3.0T |
| Short-term borrowings | ¥308.3B | ¥281.8B |
| Current liabilities | ¥1.3T | ¥1.9T |
| Non-current liabilities* | ¥388.8B | ¥374.8B |
| Total liabilities | ¥1.7T | ¥2.2T |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥58.9B | ¥39.7B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥13.2B | ¥23.2B |
| Net increase (decrease) in cash | -¥31.4B | ¥33.3B |
| Cash at end of period | ¥88.6B | ¥121.7B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.8T | ¥1.6T | ¥1.5T | ¥2.0T | ¥1.8T | |
| Operating profit | ¥76.1B | ¥25.3B | ¥54.1B | ¥60.2B | ¥97.6B | |
| Profit to owners | — | — | — | ¥34.1B | ¥40.6B | |
| Total assets | ¥2.1T | ¥1.9T | ¥2.2T | ¥2.4T | ¥3.0T | |
| Cash & equivalents | — | — | ¥131.1B | ¥88.6B | ¥121.7B | |
| Owners’ equity | ¥655.8B | ¥628.9B | ¥685.6B | ¥693.3B | ¥753.0B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from ¥2.0T to ¥1.8T (▼ -6.0%), so the top line did not break. Gross profit only slipped from ¥166.6B to ¥199.0B, while operating profit swung from ¥37.1B to ¥60.5B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥39.7B (prior ¥58.9B), and cash on the balance sheet rose to ¥121.7B from ¥88.6B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
Goodwill on the balance sheet fell from ¥23.6B to ¥19.6B, consistent with heavy write-downs of past acquisitions’ carrying values.
The balance sheet got heavier on leverage. Total liabilities rose to ¥2.2T while owners’ equity fell to —. ROE moved from 5.1% to 5.7%, and the equity ratio from 28.5% to 24.5%. Employee count is 17,591 vs 18,452 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 28.5% to 24.5%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YFRY
(三菱マテリアル株式会社), period end 2026-03-31.