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← CockpitCompetitor Analysis › 5711.T Mitsubishi Materials CorpOpen in the cockpit ↗

Mitsubishi Materials Corp5711.TCompetitor analysis, valuation and peers

Japan · JPY·Materials›Metal Fabrication

Japanese metals and materials conglomerate producing copper, cement and advanced/electronic materials.

≈ A diversified Japanese Freeport-McMoRan plus cement businessMomentum laggard 15
Mkt cap
$3.21B
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$38.3M
20-day average traded
Fwd P/E
3.7×
forward earnings
ROIC−WACC
-1.8 pp
WACC 6.8%
Hurdle
n/a
no reverse DCF
Next earnings
5 days
11 Nov 2026
Close · JPY¥3,874
1D-7.6%
1W-13.0%
1M-24.0%
3M-6.7%
6M-23.9%
YTD+6.6%
1Y+35.3%
ATR %5.0%
52w lowhigh36.9% off high

What Mitsubishi Materials does

Japanese metals and materials conglomerate producing copper, cement and advanced/electronic materials.

Copper smelting earns mostly a treatment fee from mining companies for turning ore concentrate into metal, with recycling metal from electronic scrap as a distinctive input. Its cement business was combined with UBE's in 2022, so the group now covers metals, cement and materials for electronics.

In one line: A diversified Japanese Freeport-McMoRan plus cement business.

Products and services

  • Copper smelting/refining
  • Cement
  • Electronic/advanced materials
  • Precious metals recycling

Customers

  • Electronics/semiconductor makers
  • Construction industry
  • Metal traders

Where it sits in the supply chain

  • Materials
  • Diversified metals and cement
  • Copper smelting, cement, advanced…

What could go right

  • Copper price cycles
  • Electronics materials demand

What could go wrong

  • Commodity price cyclicality

Moat: none (scale). Diversified metals/cement conglomerate exposed to global commodity prices without a clear structural edge.

Headquarters: Tokyo, Japan · Founded: 1871 · Employees: 17,591

Named competitors

Mitsubishi Materials at a glance

Size Mitsubishi Materials (5711.T) is a Japan Materials company (Metal Fabrication) with a market value of $3.21B, the 342nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,874 on 6 Nov 2026.

Performance Over six months the shares fell 23.9%, against +8.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd lowest of 21 in its peer set.

Growth Revenue grew 6.9% over the last twelve months (peer median +3.5%); the operating margin is 4.8% (peer median 6.8%).

Valuation It trades at 3.7× forward earnings against a peer median of 11.3× (cheapest of 21).

Capital Return on invested capital runs 1.8 points below its cost of capital (6.8% WACC).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 1115711.T 76
Six months, rebased to 100: Mitsubishi Materials against the median of its 20 peers (local-currency closes).

Mitsubishi Materials financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥2.01T¥1.84T¥1.96T¥1.54T¥1.63T
Revenue growth—-6%+27%-5%—
Gross profit¥236B¥191B¥160B¥142B¥171B
EBITDA¥146B¥110B¥84.4B¥71.7B¥96.2B
Net income¥95.9B¥40.6B¥34.1B¥29.8B¥20.3B
Free cash flown/a-¥9.22B¥2.81B-¥27.4B-¥25.6B
Capital expendituren/a¥51.6B¥60.3B¥83.0B¥76.7B
Total debt¥705B¥662B¥603B¥628B¥556B

Quarterly statements and history in the cockpit →

Mitsubishi Materials competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%-10%0%461352333405440359015714418246315444408879884183420238614205411854713941411440425711.T6-month return →1-month return →
Up and to the right = strong over both horizons. Mitsubishi Materials is the large dot.

Fundamentals: revenue growth against valuation

0%+5%+10%5×10×15×20×4613523334054403590157144182463154444088798841834202386142055471411440425711.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Mitsubishi Materials is the large dot.

Mitsubishi Materials competitors and peer comparison

Head to head with its named competitors (5711.T vs 5713.T vs 5016.T vs 5801.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Mitsubishi Materials 5711.T$3.21B-24%+7%5%3.7×n/a
Sumitomo Metal Mining 5713.T$13.2B-19%+22%14%8.1×8.5%
JX Advanced Metals 5016.T$14.6B-49%+30%11%12.7×22.2%
Furukawa Electric 5801.T$8.75B-54%+13%6%11.9×n/a

How Mitsubishi Materials compares with its peers

Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Mitsubishi Materials against its 20 peers (data as of 6 Nov 2026)
Measure5711.TPeer medianRank in peer set
1-month return-24.0%-4.4%3rd lowest of 21
6-month return-23.9%+8.9%2nd lowest of 21
Distance from 52-week high-36.9%-16.1%4th lowest of 21
Revenue growth (TTM)+6.9%+3.5%4th highest of 21
Operating margin4.8%6.8%6th lowest of 21
Forward P/E3.7×11.3×cheapest of 21
ROIC minus cost of capital-1.8 pp-1.3 pp8th lowest of 21
EV / EBITDA7.3×6.6×9th most expensive of 21
Net debt / EBITDA3.8×1.5×4th most indebted of 21

Peer table

Peer set: Sector in the same market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Mitsubishi Materials 5711.TJapan$3.21B-24%+7%5%3.7×n/an/a
Kansai Paint 4613.TJapan$3.23B+29%+3%8%19.1×2.3%+10.1%
Taiheiyo Cement 5233.TJapan$3.03B+19%+1%8%7.7×0.8%+0.8%
Kuraray 3405.TJapan$3.52B+14%+3%7%15.0×-0.2%+8.3%
NOF 4403.TJapan$3.60B-22%+13%17%13.5×-6.1%+8.4%
Toyo Seikan 5901.TJapan$3.69B+34%+6%6%20.4×-2.7%+5.2%
Dowa 5714.TJapan$2.78B-22%+29%6%6.9×n/an/a
Mitsubishi Gas Chemical 4182.TJapan$3.78B-31%+3%8%10.6×n/an/a
DIC 4631.TJapan$2.68B+25%+6%7%9.3×-1.0%+8.5%
Yamato Kogyo 5444.TJapan$3.88B-13%+1%2%10.3×24.2%+3.4%
Air Water 4088.TJapan$3.93B+23%+7%4%14.3×7.1%+6.8%
Nifco 7988.TJapan$2.62B+6%+4%14%11.7×-3.5%+6.6%
Mitsui Chemicals 4183.TJapan$4.08B-9%-3%6%10.7×1.9%+6.6%
Daicel 4202.TJapan$2.48B+24%+2%7%11.1×6.1%+8.1%
Oji 3861.TJapan$4.31B-3%0%2%20.6×20.4%+6.5%
Zeon 4205.TJapan$2.34B+6%+4%11%9.1×-1.5%+6.4%
Kaneka 4118.TJapan$2.30B+23%+4%5%11.6×4.9%+7.0%
Daido Steel 5471.TJapan$2.29B-4%+8%7%10.8×8.8%+7.0%
Rengo 3941.TJapan$2.29B+18%+4%4%11.0×n/an/a
Nippon Shokubai 4114.TJapan$2.27B+11%+4%6%16.2×4.1%+7.9%
Tosoh 4042.TJapan$4.69B-4%-1%11%11.4×-1.5%+6.8%

Questions

Who are Mitsubishi Materials's main competitors?
Named competitors: Sumitomo Metal Mining (5713.T), JX Advanced Metals (5016.T), Furukawa Electric (5801.T). The cockpit's measured peer set (sector in the same market, nearest in size) also includes Kansai Paint (4613.T), Taiheiyo Cement (5233.T), Kuraray (3405.T), NOF (4403.T), Toyo Seikan (5901.T), Dowa (5714.T).
Is Mitsubishi Materials expensive compared with its peers?
On forward p/e it trades at 3.7× against a peer median of 11.3×, cheapest of 21 in its peer set.
How has Mitsubishi Materials stock performed?
Over six months to 6 Nov 2026 the shares returned -23.9% against +8.9% for the median peer; over one year +35.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.