Suspension of polycarbonate production at the Kashima Plant
Mitsubishi Gas Chemical Company,Inc. (filing company)
Polycarbonate production facilities (PC plant) within the Kashima Plant. The optical resin polymer “YUPIZETA® EP” is not affected.
The PC business faces profitability and capital efficiency challenges amid weak market conditions caused by oversupply and other factors. The PC plant at the Kashima Plant has remained unprofitable, and profitability is not expected to improve going forward.
Fiscal year ending March 2026 (the impact of this matter on consolidated and non-consolidated results and other matters are currently under review)
Company response
Production at the polycarbonate production facilities within the Kashima Plant will be suspended by around March 2028.
After the plant is shut down, the domestic business will market products manufactured at the Group’s overseas plants. The company will pursue structural reform through further optimization of production capacity and a shift toward higher value-added products. With respect to employees working at the plant, the company plans to respond appropriately, prioritizing the maintenance of employment.
If any matter requiring disclosure arises, it will be disclosed promptly.
| Item | Details |
|---|---|
| Event name | Suspension of polycarbonate production at the Kashima Plant |
| Date of occurrence | 31 March 2026 (the date on which the Board of Directors decided to suspend operations) |
| Subject Entity | Mitsubishi Gas Chemical Company,Inc. (filing company) |
| Target Locations / Products | Polycarbonate production facilities (PC plant) within the Kashima Plant. The optical resin polymer “YUPIZETA® EP” is not affected. |
| Cause | The PC business faces profitability and capital efficiency challenges amid weak market conditions caused by oversupply and other factors. The PC plant at the Kashima Plant has remained unprofitable, and profitability is not expected to improve going forward. |
| Accounting period in which recognized | Fiscal year ending March 2026 (the impact of this matter on consolidated and non-consolidated results and other matters are currently under review) |
| Suspended operations | Production at the polycarbonate production facilities within the Kashima Plant will be suspended by around March 2028. |
| Outlook | After the plant is shut down, the domestic business will market products manufactured at the Group’s overseas plants. The company will pursue structural reform through further optimization of production capacity and a shift toward higher value-added products. With respect to employees working at the plant, the company plans to respond appropriately, prioritizing the maintenance of employment. |
| Planned follow-up disclosure | If any matter requiring disclosure arises, it will be disclosed promptly. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The polycarbonate business faces profitability and capital efficiency challenges amid weak market conditions caused by oversupply and other factors. The Kashima Plant has remained unprofitable, and profitability is not expected to improve going forward.