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Mitsubishi Gas Chemical Company (4182) investor relations material
Mitsubishi Gas Chemical Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for FY2025 3Q declined 5.8% year-over-year to ¥549.4 billion, mainly due to lower polycarbonate and methanol prices, withdrawal from the ortho-xylene chain business, and weak global demand, despite strong electronic materials sales.
Operating profit fell 16.5% to ¥37.8 billion and ordinary profit dropped 10.6% to ¥48.1 billion, impacted by lower prices, higher fixed costs, and intensified competition.
A net loss of ¥26.1 billion was posted, primarily due to impairment losses at overseas subsidiaries, including the Netherlands MXDA plant and China hydrogen peroxide plant.
The business environment was affected by weak global demand, especially in China and Europe, volatile FX rates, and geopolitical risks.
Financial highlights
FY2025 1-3Q net sales: ¥549.4 billion, down ¥33.7 billion (-5.8%) year-over-year.
Operating profit: ¥37.8 billion, down ¥7.4 billion (-16.5%) year-over-year.
Ordinary profit: ¥48.1 billion, down ¥5.6 billion (-10.6%) year-over-year.
Profit attributable to owners: -¥26.1 billion, a decrease of ¥61.7 billion year-over-year.
EPS: -¥134.34 (down from ¥178.18 year-over-year).
Extraordinary losses totaled ¥60.9 billion, mainly from impairment losses.
Gross profit decreased to ¥123.2 billion from ¥129.3 billion year-over-year.
Comprehensive income was negative ¥4.1 billion, compared to ¥45.0 billion in the previous year.
Total assets stood at ¥1,114.4 billion and net assets at ¥670.5 billion as of December 31, 2025.
Outlook and guidance
Full-year FY2025 forecast: Net sales ¥730.0 billion, operating profit ¥47.0 billion, ordinary profit ¥55.0 billion, profit attributable to owners -¥18.0 billion.
Operating and ordinary profit guidance revised upward, but a net loss is still expected.
Annual dividend forecast raised to ¥100 per share.
Assumed FX rates for remaining months: $1 = ¥155, €1 = ¥180; crude oil $65/bbl.
Methanol price expected to rise in 4Q due to supply constraints.
- Operating profit more than doubled on strong specialty chemicals demand and yen depreciation.4182
Q1 202516 Feb 2026 - Operating profit surged 52.7% year-over-year, driven by Specialty Chemicals growth.4182
Q2 202516 Feb 2026 - Operating profit rose 17.2% despite lower sales, driven by Specialty Chemicals and yen effects.4182
Q3 202516 Feb 2026 - Operating profit up 7.4% despite 4.9% sales drop; FY2025 outlook cautious.4182
Q4 202516 Feb 2026 - Profits fell on weak chemical markets and FX volatility, but sales forecast was raised.4182
Q1 202616 Feb 2026 - Impairment loss and weak markets drive lower profits and a revised net loss outlook for FY2025.4182
Q2 202616 Feb 2026
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