Rebuilding the Basic Materials business centered on petrochemicals and basic chemicals
First written in FY2016. 20 of 37 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-05.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「We are also working to strengthen downstream operations, focusing on high-performance products. On 15 December 2025, we decided to expand MDI capacity, the primary raw material for polyurethane, by 100,000 tonnes. (Post-expansion capacity: 710,000 tonnes per year)」
Regarding the restructuring of the Basic Materials business, the company gave concrete form to capacity optimization for low-profitability and declining-demand products, collaboration with other companies and a 100,000-tonne annual expansion of high-performance MDI capacity. Meanwhile, Basic & Green Materials posted a core operating loss of ¥18.4 billion in fiscal 2025, meaning that the business has not yet returned to profitability. - FY2026-H1Basic Materials loss widens on lower demand, scheduled maintenance and falling raw material pricesAnnual report
「Revenue in this segment fell ¥55.4 billion from the previous interim consolidated accounting period to ¥295.6 billion, accounting for 36% of total revenue. Core operating loss increased by ¥7.9 billion to ¥10.5 billion, due mainly to deterioration in inventory valuation gains and losses associated with lower raw material prices for naphtha and other materials. As a result, the segment as a whole reported lower revenue and a larger core operating loss.」
Revenue in the Basic Materials business declined and the core operating loss widened to ¥10.5 billion. In addition to deterioration in inventory valuation gains and losses associated with lower raw material prices for naphtha and other materials, the company cited lower downstream demand and lower naphtha cracker operating rates due to extensive scheduled maintenance. - FY2025-H1Basic Materials narrows its loss, but the production restart is delayed and demand remains weakAnnual report
「The core operating loss narrowed by ¥6.1 billion from the previous interim consolidated accounting period to ¥2.6 billion, despite the delayed restart of production at the ethylene plant, which had been shut down for scheduled maintenance, due to inventory valuation gains and other factors associated with higher raw material prices for naphtha and other materials.」
The core operating loss in Basic & Green Materials narrowed to ¥2.6 billion, but the impact of the delayed restart of the ethylene plant and lower downstream demand continued. - FY2024-Q3Basic Materials posts a loss due to slowing demand and other factorsAnnual report
「Core operating income was a loss of ¥3.9 billion, a deterioration of ¥33.7 billion from the same period of the previous year, due to lower sales volumes resulting from slowing demand and reduced inventory valuation gains and other factors.」
Core operating income in Basic Materials deteriorated by ¥33.7 billion year on year to a loss of ¥3.9 billion, due to lower sales volumes resulting from slowing demand and reduced inventory valuation gains and other factors. - FY2023-Q3AdvancedAnnual report
「As we entered into an agreement to transfer to a third party all shares in Mitsui Phenols Singapore Pte. Ltd. (MPS), our Singapore-based manufacturing subsidiary for phenolic products included in the Basic & Green Materials segment, the assets and liabilities associated with MPS were classified as held for sale. The sale is expected to be completed within one year of the fiscal year-end.」
Regarding the restructuring and asset-light strategy for the phenol business, the agreement to transfer all MPS shares was reflected in the financial statements through classification as held for sale, with the sale scheduled to be completed within 1 year. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 August 2022, we approved the transfer of all shares in our consolidated subsidiary Mitsui Phenols Singapore Pte. Ltd. (the “Company”) to INEOS Holdings Limited (“INEOS”) in March 2023 (the “Share Transfer”) and entered into a share transfer agreement with INEOS. Under our long-term management plan, VISION 2030, we have positioned the phenol business as one of the businesses to be restructured within the Basic & Green Materials business area and aim to reduce earnings volatility through measures including an asset-light strategy.」
For the restructuring of the phenol business, the company entered into an agreement to transfer all shares in Mitsui Phenols Singapore to INEOS in March 2023, giving concrete form to the reduction of earnings volatility through an asset-light strategy. - FY2023-Q1Basic Materials profit declines on weaker overseas market conditionsAnnual report
「Core operating profit fell ¥6.2 billion from the same period of the previous year to ¥20.8 billion due to lower overseas market conditions for bisphenol A and other products.」
Core operating profit in the Basic Materials business fell ¥6.2 billion year on year to ¥20.8 billion due to lower overseas market conditions and other factors. - FY2022AdvancedAnnual report
「In the Basic Materials business, centered on petrochemicals and basic chemicals, we are strengthening and expanding downstream operations and pursuing optimization and restructuring to enhance competitiveness. We have also begun constructing a new high-performance polypropylene plant in Japan and expanding production capacity for high-performance MDI in South Korea. In addition, we decided to halt production of high-purity terephthalic acid at our Iwakuni-Otake plant in August 2023 (scheduled) and proceeded with its restructuring.」
The company advanced the restructuring of the Basic Materials business by specifying plans to strengthen and expand downstream operations, construct new high-performance polypropylene facilities, expand high-performance MDI capacity and halt production of high-purity terephthalic acid. - FY2022-Q3Earnings improve on stronger market conditions and inventory valuation gainsAnnual report
「Core operating profit increased by ¥60.4 billion from the same period of the previous year to ¥65.7 billion, due to the impact of overseas market conditions for bisphenol A and other products, and inventory valuation gains and other factors associated with higher raw material prices for naphtha and other materials.」
Core operating profit in Basic Materials increased to ¥65.7 billion. The improvement was attributed not to new progress in business restructuring, but to overseas market conditions and inventory valuation gains and other factors associated with higher raw material prices. - FY2022-Q2Earnings improve on stronger market conditions and inventory valuation gainsAnnual report
「Core operating income improved by ¥53.2 billion from the same period of the previous year to ¥48.6 billion, due to the impact of overseas market conditions for bisphenol A and other products, and inventory valuation gains and other factors associated with higher raw material prices for naphtha and other materials.」
Core operating income in Basic Materials improved by ¥53.2 billion year on year to ¥48.6 billion. The factors cited for the improvement were the impact of overseas market conditions and inventory valuation gains and other factors associated with higher raw material prices, rather than improvements in the business structure. - FY2022-Q1Earnings improve on stronger market conditions and inventory valuation gainsAnnual report
「Core operating income improved by ¥33.0 billion from the same period of the previous year to ¥26.7 billion, due to the impact of overseas market conditions for bisphenol A and other products, and inventory valuation gains and other factors associated with higher raw material prices for naphtha and other materials.」
Core operating income in Basic Materials improved to ¥26.7 billion, but the factors cited for the improvement in the quarter were overseas market conditions and inventory valuation gains and other factors, rather than business restructuring. - FY2021AdvancedAnnual report
「We have positioned this business as the foundation of our overall strategy and are strengthening, expanding, optimizing and restructuring downstream operations to enhance competitiveness.」
For Basic Materials, in addition to the existing business restructuring, the company specified plans to strengthen and expand downstream operations, optimize and restructure the business, diversify cracker feedstocks and rationalize operations by constructing a new gas turbine facility. - FY2021-Q3Profit continues to decline due to inventory valuation losses and other factors, but the cumulative result remains profitableAnnual report
「Core operating profit fell ¥5.9 billion from the same period of the previous year to ¥5.3 billion due to inventory valuation losses and other factors associated with lower raw material prices. As a result, the segment as a whole reported lower revenue and lower profit.」
Basic Materials posted core operating profit of ¥5.3 billion and remained cumulatively profitable, but profit fell ¥5.9 billion year on year due to inventory valuation losses and other factors associated with lower raw material prices. - FY2021-Q2Basic Materials remains loss-making due to inventory valuation losses and other factorsAnnual report
「Core operating income was a loss of ¥4.6 billion, a deterioration of ¥11.5 billion from the same period of the previous year, due to inventory valuation losses and other factors associated with lower raw material prices.」
Basic Materials posted a core operating loss of ¥4.6 billion, a deterioration of ¥11.5 billion year on year, due to inventory valuation losses and other factors associated with lower raw material prices. - FY2021-Q1Basic Materials posts a loss due to weaker COVID-19-related demand and inventory valuation lossesAnnual report
「Core operating income was a loss of ¥6.3 billion, a deterioration of ¥13.9 billion from the same period of the previous year, due to inventory valuation losses and other factors associated with lower raw material prices.」
Basic Materials, which had targeted improvements in its earnings structure through business restructuring, swung to a core operating loss due to lower downstream demand resulting from the COVID-19 pandemic and inventory valuation losses and other factors associated with lower raw material prices. - FY2020Earnings structure improves, while Basic Materials posts lower profitAnnual report
「The earnings structure is improving through the steady execution of business restructuring. For basic raw material ethylene, we are working to stabilize operations and improve profitability by further strengthening competitiveness and expanding sales of high-value-added polymers, including Evolue®.」
While reaffirming the improvement in the earnings structure through business restructuring, operating profit in the Basic Materials segment fell ¥19.1 billion year on year to ¥8.7 billion, due to overseas market conditions and other factors. - FY2020-Q3Profit decline deepened due to overseas market conditions and other factorsAnnual report
「Operating income was ¥8.6 billion, down ¥18.9 billion from the same period of the previous year, due to the impact of overseas market conditions and other factors.」
Operating income in Basic Materials declined by ¥18.9 billion year on year to ¥8.6 billion, with the decline in earnings due to overseas market conditions and other factors becoming more pronounced. - FY2020-Q2Profit decline continued due to overseas market conditions and other factorsAnnual report
「Segment sales were ¥315.8 billion, down ¥30.5 billion from the same period of the previous year, accounting for 47% of total sales. Operating income was ¥4.9 billion, down ¥13.5 billion year on year, due to the impact of overseas market conditions and other factors, despite firm domestic demand.」
In Basic Materials, operating income declined by ¥13.5 billion year on year to ¥4.9 billion amid firm domestic demand, as overseas market conditions and other factors continued to weigh on earnings. - FY2020-Q1Basic Materials profit declined due to overseas market conditions and other factorsAnnual report
「Operating income was ¥6.1 billion, down ¥4.9 billion from the same period of the previous year, due to the impact of overseas market conditions and other factors, despite firm domestic demand.」
Operating income in Basic Materials declined by ¥4.9 billion year on year to ¥6.1 billion. Domestic demand remained firm, while overseas market conditions and other factors reduced earnings. - FY2019Basic Materials profit declined due to inventory valuation effectsAnnual report
「The Group also worked to build a stable earnings base less susceptible to economic fluctuations by expanding differentiated products and maintaining high operating rates through greater local production for local consumption.」
In Basic Materials, the Group targeted a stable earnings base through the expansion of differentiated products and greater local production for local consumption, while operating income declined by ¥11.1 billion year on year to ¥27.8 billion due to the impact of inventory valuation resulting from fluctuations in naphtha prices and other factors. - FY2019-Q3Profit growth driven mainly by domestic demand and market conditionsAnnual report
「Segment sales were ¥545.7 billion, up ¥86.7 billion from the same period of the previous year, accounting for 49% of total sales. Operating income was ¥27.5 billion, up ¥1.0 billion year on year, due to the impact of firm domestic demand and rising market conditions.」
Operating income in the Basic Materials segment increased to ¥27.5 billion, with the increase attributed to firm domestic demand and rising market conditions rather than business restructuring. - FY2019-Q2AdvancedAnnual report
「Operating income was ¥18.4 billion, up ¥3.0 billion from the same period of the previous year, due to the impact of firm domestic demand and rising market conditions.」
Operating income in the Basic Materials segment increased by ¥3.0 billion year on year to ¥18.4 billion. The increase was attributed to firm domestic demand and rising market conditions. - FY2019-Q1AdvancedAnnual report
「Operating income was ¥11.0 billion, up ¥0.2 billion from the same period of the previous year, due to the impact of firm domestic demand and rising market conditions.」
Operating income in the Basic Materials segment increased by ¥0.2 billion year on year to ¥11.0 billion. The factors behind the increase were firm domestic demand and rising market conditions, rather than business restructuring. - FY2018AdvancedAnnual report
「In the Basic Materials area, in addition to the business rebuilding undertaken to date, firm domestic demand helped plants, including naphtha crackers, maintain high operating rates. The Group also worked to secure further competitiveness by expanding differentiated products and reducing costs.」
In addition to business rebuilding, the Group pursued stronger competitiveness by expanding differentiated products and reducing costs, and operating income in the Basic Materials segment increased by ¥0.4 billion year on year to ¥38.9 billion. - FY2018-Q3AdvancedAnnual report
「Operating income was ¥26.5 billion, up ¥2.6 billion from the same period of the previous year, due to the impact of firm domestic demand and the benefits of the business restructuring initiatives pursued by the Company.」
The benefits of business restructuring emerged in the Basic Materials segment, and operating income increased by ¥2.6 billion year on year to ¥26.5 billion. - FY2018-Q2AdvancedAnnual report
「Operating income was ¥15.4 billion, up ¥3.6 billion from the same period of the previous year, due to the impact of firm domestic demand and the benefits of the business restructuring initiatives pursued by the Company.」
The benefits of business restructuring emerged in the Basic Materials segment, and operating income increased by ¥3.6 billion year on year to ¥15.4 billion. - FY2018-Q1AdvancedAnnual report
「Operating income was ¥10.8 billion, up ¥3.8 billion from the same period of the previous year, due to the impact of firm domestic demand and the benefits of the business restructuring initiatives pursued by the Company.」
The benefits of business restructuring emerged in the Basic Materials segment, and operating income increased by ¥3.8 billion year on year to ¥10.8 billion. - FY2017AdvancedAnnual report
「In the Basic Materials area, centered on petrochemicals and basic chemicals, the Group steadily realized the benefits of business rebuilding, including establishing an optimized domestic production structure and maintaining stable full-capacity operations.」
The benefits of business rebuilding emerged in the Basic Materials area, and operating income for the fiscal year was ¥38.5 billion, up ¥37.5 billion year on year. - FY2017-Q3AdvancedAnnual report
「Operating income in the segment was ¥23.9 billion, up ¥21.5 billion from the same period of the previous year, due to the benefits of the business restructuring initiatives pursued by the Company and the impact of firm domestic demand.」
The benefits of business restructuring emerged in the Basic Materials segment, and operating income increased by ¥21.5 billion year on year to ¥23.9 billion. - FY2017-Q2AdvancedAnnual report
「Segment sales were ¥253.2 billion, down ¥88.1 billion from the same period of the previous year, accounting for 45% of total sales. Operating income was ¥11.8 billion, up ¥7.5 billion year on year, due to the benefits of the business restructuring initiatives pursued by the Company and the impact of firm domestic demand.」
The benefits of business restructuring emerged in the Basic Materials segment, and operating income increased by ¥7.5 billion year on year to ¥11.8 billion. - FY2017-Q1AdvancedAnnual report
「Operating income was ¥7.0 billion, up ¥4.1 billion from the same period of the previous year, due to the benefits of the business rebuilding initiatives pursued by the Company and the impact of firm domestic demand.」
The benefits of business rebuilding emerged in the Basic Materials segment, and operating income increased by ¥4.1 billion year on year. - FY2016First statedAnnual report
「The Group has pursued the rebuilding of its business in the Basic Materials area.」
Described as a key component of the business reorganization, including the rebuilding of large-scale commodity products and the establishment of an optimized domestic production structure.