Source disclosure: February 02, 2026
Mitsubishi Chemical Group Corporation [4188.T]
TOKYO, Feb 02 (Pulse News Wire) – Mitsubishi Chemical Group Corporation (4188.T) announced today that its board of directors has decided to withdraw from the coke and carbon materials business, effective in fiscal 2027. The move is expected to result in approximately ¥85.00 billion in extraordinary losses, with ¥19.00 billion anticipated in the third quarter of fiscal 2026 and the remaining ¥66.00 billion estimated in the fourth quarter.
The decision follows a strategic review based on the company’s “KAITEKI Vision 35” and medium-term business plan through 2029. Despite efforts to optimize production and sales policies, ongoing oversupply issues in global markets due to excess production in China and large-scale equipment startups in Indonesia have made long-term growth challenging. As a result, the company plans to cease coke production by the end of fiscal 2027 and phase out sales thereafter. Approximately 600 employees involved in the affected operations will be impacted.
The company expects total extraordinary losses of around ¥85.00 billion, including asset impairment charges and employee support costs. Asset impairment losses amounting to ¥19.00 billion will be recognized in the third quarter, while dismantling expenses and related personnel costs totaling ¥66.00 billion are projected for the fourth quarter. Notably, the impact of this withdrawal has not yet been reflected in the company's full-year forecast for fiscal 2026, which was released on October 31, 2025. A revised forecast incorporating this and other factors will be disclosed promptly once completed.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing