Mitsubishi Chemical Group Corporation [4188.T]
TOKYO, May 13 (Pulse News Wire) – Mitsubishi Chemical Group Corporation (4188.T) reported lower core operating income for the fiscal year ending March 2026 compared to the previous year. The core operating income stood at ¥2.288 billion, down from ¥2.25 billion last year due to weak performance in MMA and materials polymers segments.
Despite robust growth in specialty materials and industrial gases, the overall group saw a decline of 13.0%. In detail, the chemical division's core operating income was ¥243 million, reflecting a decrease from ¥250 million in the prior year. Key factors included reduced sales volumes and pricing pressures in MMA monomers, coupled with significant losses from asset impairments related to Soarwell operations in the UK. However, gains from coke business restructuring and cost savings initiatives partially offset these declines. Looking ahead, the company forecasts core operating income of ¥2 billion for the fiscal year ending March 2027, anticipating improvements driven by increased sales and cost reductions across various products within specialty materials.
Industrial gas operations are expected to remain strong, contributing to a projected increase of 28%. Notably, the impact of Middle East geopolitical risks, such as potential sanctions, remains unaccounted for in the forecast. For the fiscal year ending March 2026, net profit attributable to parent shareholders decreased by 332%, reaching ¥450 million. The outlook for the next fiscal year sees a recovery, with anticipated net profit of ¥1.18 billion, marking a 148% increase from the previous year’s figure. Dividend expectations stand at ¥10 per share for the interim dividend and ¥20 per share for the annual dividend.
Mitsubishi Chemical emphasizes its commitment to disciplined operational principles and strategic focus on future growth areas, aiming to sustain long-term profitability through targeted investments and continuous improvement efforts.
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