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Earnings presentation4183Mitsui Chemicals,Inc.Materials and Chemicals

Overview of the Second-Quarter (First-Half) Results for Fiscal 2026 and the Fiscal 2026 Earnings Forecast

In the first half of fiscal 2026, revenue was ¥979.1 billion and core operating profit was ¥99.3 billion, representing year-on-year increases in both revenue and profit. The full-year forecast was revised upward, with core operating profit raised from the previous forecast of ¥105.0 billion to ¥150.0 billion, while the dividend forecast was unchanged at ¥75 per share.

Worth reading
93Important
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
548
¥100 million (year-on-year increase in core operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFY2026 second quarter (interim period)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,791 billion+20.0%
Operating profit¥938 billion+236.0%
Ordinary income¥906 100 million +246.0%profit before tax
Net income¥588 100 million +650.0%interim profit attributable to owners of the parent
Results for the three months of the current quarter
Revenue
April-June¥4,600 billion
July-September¥5,191 billion
Core operating profit
April-June¥501 billion
July-September¥492 billion
Full-year earnings forecast
Revenue
¥20,950 billion
Core operating profit
¥1,500 billion
Non-recurring items
¥-380 billion
Operating profit
¥1,120 billion
Financial income and expenses
¥-110 billion
Pretax profit
¥1,010 billion
Profit for the year attributable to owners of the parent
¥530 billion
Annual Dividend
75 yen per share
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
First-half core operating profit
Volume variance¥65 billion
Terms of trade¥492 billion
Fixed costs and other factors¥-9 billion
Full-year core operating profit forecast
Volume variance¥220 billion
Terms of trade¥450 billion
Fixed costs and other factors¥-170 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
¥157 /US$
Domestic naphtha price
¥101,700 /KL
Second-half domestic naphtha price
¥95,000 /KL
New initiatives
  • Acquisition and new consolidation of U.S.-based Ultradent Products, Inc.
  • Acquisition of JSR
  • Expansion of monomer production capacity for eyeglass lenses
  • New TAFMER® facility and new high-performance PP production facility
  • Production facility for next-generation CNT pellicles for EUV lithography
  • Creating synergies through the mutual use of technology and sales networks with UPI
Key KPIsA metric the company considers important as a management benchmark.
  • Exchange rate¥159 /US$
    Year on year against the same period last year+13.0%
  • Domestic naphtha price (first half)¥108,350 /KL
    Year on year against the same period last year+43,450.0%
  • Cracker utilization rateJust under 70%
  • UPI revenue growth rate (CY25→CY26)10 %
  • UPI revenue CAGR, CY23→CY266 %
  • UPI CY26 ROSOver 10%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Volume variance in revenue (consolidated first half)¥212 billion
  • Price variance in revenue (consolidated first half)¥1,443 billion
Segment results
  • Life & Healthcare Solutions
    Revenue¥1,346 billion (YoY +17.0%)
    Core operating profit¥127 billion (YoY -2.0%)
  • Mobility Solutions
    Revenue¥3,004 billion (YoY +16.0%)
    Core operating profit¥366 billion (YoY +41.0%)
  • ICT Solutions
    Revenue¥1,592 billion (YoY +16.0%)
    Core operating profit¥248 billion (YoY +39.0%)
  • Growth Areas
    Revenue¥5,942 billion (YoY +16.0%)
    Core operating profit¥741 billion (YoY +30.0%)
  • Basic & Green Materials
    Revenue¥3,765 billion (YoY +27.0%)
    Core operating profit¥282 billion
  • Other
    Revenue¥84 billion (YoY +12.0%)
    Core operating profit¥-30 billion
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impact of the situation in the Middle East
-80 Approximately ¥100 million
DetailsProduction and sales volume reductions, mainly in B&GM and Mobility Solutions, and deterioration in yield and energy efficiency
Annual Dividend
Annual75 yen per share
Interim37.5 yen per share
End of period37.5 yen per share
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFY2026 second quarter (interim period)
Net Sales¥9,791 billion (YoY +20.0%)
Operating profit¥938 billion (YoY +236.0%)
Ordinary income¥906 100 million (profit before tax) (YoY +246.0%)
Net income¥588 100 million (interim profit attributable to owners of the parent) (YoY +650.0%)
Results for the three months of the current quarterRevenue April-June ¥4,600 billion / July-September ¥5,191 billion / Core operating profit April-June ¥501 billion / July-September ¥492 billion
Full-year earnings forecastRevenue ¥20,950 billion / Core operating profit ¥1,500 billion / Non-recurring items ¥-380 billion / Operating profit ¥1,120 billion / Financial income and expenses ¥-110 billion / Pretax profit ¥1,010 billion / Profit for the year attributable to owners of the parent ¥530 billion / Annual Dividend 75 yen per share
Segment resultsSegment Life & Healthcare Solutions / Revenue ¥1,346 billion (YoY +17.0%) / Core operating profit ¥127 billion (YoY -2.0%), Segment Mobility Solutions / Revenue ¥3,004 billion (YoY +16.0%) / Core operating profit ¥366 billion (YoY +41.0%), Segment ICT Solutions / Revenue ¥1,592 billion (YoY +16.0%) / Core operating profit ¥248 billion (YoY +39.0%), Segment Growth Areas / Revenue ¥5,942 billion (YoY +16.0%) / Core operating profit ¥741 billion (YoY +30.0%), Segment Basic & Green Materials / Revenue ¥3,765 billion (YoY +27.0%) / Core operating profit ¥282 billion, Segment Other / Revenue ¥84 billion (YoY +12.0%) / Core operating profit ¥-30 billion
Breakdown of Factors Affecting the ChangeFirst-half core operating profit Volume variance ¥65 billion / Terms of trade ¥492 billion / Fixed costs and other factors ¥-9 billion / Full-year core operating profit forecast Volume variance ¥220 billion / Terms of trade ¥450 billion / Fixed costs and other factors ¥-170 billion
Key KPIsIndicator name Exchange rate / Value ¥159 /US$ / Year on year against the same period last year ¥13 /US$, Indicator name Domestic naphtha price (first half) / Value ¥108,350 /KL / Year on year against the same period last year ¥43,450 /KL, Indicator name Cracker utilization rate / Value Just under 70% / Year on year against the same period last year Not disclosed, Indicator name UPI revenue growth rate (CY25→CY26) / Value 10 % / Year on year against the same period last year Not disclosed, Indicator name UPI revenue CAGR, CY23→CY26 / Value 6 % / Year on year against the same period last year Not disclosed, Indicator name UPI CY26 ROS / Value Over 10% / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Volume variance in revenue (consolidated first half) / Value ¥212 billion, Indicator name Price variance in revenue (consolidated first half) / Value ¥1,443 billion
Assumptions Underlying the Business OutlookExchange rate ¥157 /US$ / Domestic naphtha price ¥101,700 /KL / Second-half domestic naphtha price ¥95,000 /KL
Risk amount incorporated into the outlookImpact of the situation in the Middle East -80 Approximately ¥100 million
Annual DividendAnnual 75 yen per share / Interim 37.5 yen per share / End of period 37.5 yen per share
New initiativesAcquisition and new consolidation of U.S.-based Ultradent Products, Inc., Acquisition of JSR, Expansion of monomer production capacity for eyeglass lenses, New TAFMER® facility and new high-performance PP production facility, Production facility for next-generation CNT pellicles for EUV lithography, Creating synergies through the mutual use of technology and sales networks with UPI
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

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.

Profit growth was driven by higher sales volumes in growth areas, the benefits of structural improvements in each segment, foreign exchange gains from the weaker yen, and one-off inventory valuation gains associated with higher naphtha prices. At the same time, the company was affected by production and sales volume reductions resulting from the situation in the Middle East.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Overview of the Second-Quarter (First-Half) Results for Fiscal 2026 and the Fiscal 2026 Earnings Forecast | Mitsui Chemicals,Inc. (4183) timely disclosure | Komori