Mitsui Chemicals set current-period consolidated net income at ¥58.8 billion and raised its full-year forecast by 17.8% to ¥53.0 billion. Meanwhile, it expects a loss of ¥5.82 billion in the second half.
Mitsui Chemicals reported consolidated net income of ¥58.8 billion for the cumulative second quarter (April-September) of the fiscal year ending March 2027, 7.5x the prior-year period, and indicated that it is expected to significantly exceed the previous forecast of ¥34.0 billion. The full-year consolidated net income forecast was also raised from the previous ¥45.0 billion to ¥53.0 billion, with the expected earnings growth rate expanding from 30.9% to 54.2%.
As its latest quarterly result, consolidated net income for July-September was ¥26.7 billion, up 3.8x from the prior-year period. The operating margin improved substantially from 3.8% in the prior-year period to 8.7%.
However, based on the company's second-half outlook, consolidated net income is expected to turn to a loss of ¥5.82 billion, meaning that performance in the second half is expected to reverse from a profit to a loss.
This announcement was prepared based on numerical data disclosed by the company. Please refer to the attached earnings summary for investment decisions.