Mitsui Chemicals, Inc.
Financial Summary for the Third Quarter of the Fiscal Year Ending March 2026 [IFRS] (Consolidated)
For the third quarter of the fiscal year ending March 2026, revenue was 1,218.7 billion yen (down 9.0% YoY), operating income was 54.6 billion yen (down 18.3% YoY), and net income attributable to owners of parent for the quarter was 22.6 billion yen (down 40.1% YoY). A stock split was carried out on January 1, 2026.
Key Figures
- Revenue: 1,218.7 billion yen (down 9.0% YoY)
- Operating Income: 54.6 billion yen (down 18.3% YoY)
- Net Income Attributable to Owners of Parent for the Quarter: 22.6 billion yen (down 40.1% YoY)
AI要約
Overview of Business Performance
For the cumulative consolidated third quarter period of the fiscal year ending March 2026, revenue was 1,218.7 billion yen, a 9.0% decrease compared to the same period last year. This was mainly due to a decline in feedstock prices such as naphtha and lower sales in the Basic & Green Materials segment. Core operating income was 68.0 billion yen, down 10.3% YoY; operating income was 54.6 billion yen, down 18.3%, also affected by impairment losses on equity-method affiliates. Net income attributable to owners of parent decreased 40.1% to 22.6 billion yen. By segment, Life & Healthcare Solutions saw increased revenue but decreased profits, Mobility Solutions and Basic & Green Materials experienced decreases in both revenue and profits, while ICT Solutions saw decreased revenue but increased profits.
Financial Condition and Capital Policy
At the end of the third quarter of the fiscal year ending March 2026, total assets were 2,209.1 billion yen, total liabilities were 1,203.9 billion yen, and interest-bearing debt was 814.8 billion yen, resulting in a net D/E ratio of 0.70, improved from the previous fiscal year-end. Total equity was 1,005.2 billion yen, and the equity ratio attributable to owners of parent increased to 39.7%. A 2-for-1 stock split was implemented on January 1, 2026, to enhance investment accessibility for investors. Additionally, resolutions were made to acquire treasury stock (up to 18.4 million shares, 30 billion yen) and cancel treasury shares (scheduled for August 31, 2026), aiming to improve capital efficiency and strengthen shareholder returns.
Revision of Earnings Forecast
The consolidated full-year earnings forecast for the fiscal year ending March 2026 was revised, with expected revenue of 1,675.0 billion yen (down 1.5% from the previous forecast), operating income of 87.0 billion yen (down 8.4%), and net income attributable to owners of parent of 42.0 billion yen (down 23.6%). The forecast assumes an exchange rate of 150 yen/dollar and a domestic naphtha price of 65,000 yen/KL. Reflecting sales declines and worsening inventory valuation loss caused by raw material price decreases, performance is projected below the prior forecast.
