Minoru Keda
CFO
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Mitsubishi Chemical Group Corporation (MTLHY) Q1 2027 Earnings Call
Mitsubishi Chemical Group Corporation (OTC: MTLHY) Q1 2027 earnings conference call, held 2026-07-31. Replay captured from the company's public earnings webcast.
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WEBVTT 00:00:01.521 -- 00:00:05.222 I'm Minoru Keda, the CFO. 00:00:05.303 -- 00:00:07.724 Thank you very much for joining us in this hot weather. 00:00:07.724 -- 00:00:11.546 First, I'd like to explain the financial results summary for the first quarter fiscal 00:00:11.546 -- 00:00:13.647 year March 2027. 00:00:13.647 -- 00:00:15.468 During the 00:00:15.468 -- 00:00:17.609 first quarter for 00:00:17.609 -- 00:00:20.230 FY March 2027, I'd 00:00:20.230 -- 00:00:23.332 like to give you the summary. 00:00:23.332 -- 00:00:28.395 During the first quarter, specialty materials continue to 00:00:28.395 -- 00:00:30.835 perform steadily. 00:00:30.908 -- 00:00:36.232 amid unstable situations in the Middle East, the business environment remained challenging, 00:00:36.232 -- 00:00:40.875 with NAFTA price soaring and risk of raw materials procurement rising. 00:00:40.875 -- 00:00:46.619 However, we're seeing inventory valuations gain and a temporary increase 00:00:46.619 -- 00:00:48.779 in demand. 00:00:49.681 -- 00:00:55.425 The co-operating income for the chemicals business increased year-on-year by 48.4 00:00:55.425 -- 00:00:58.666 billion to 60 billion yen. 00:01:02.558 -- 00:01:07.360 Contributing factors to corporate income were the effects of sustained pricing strategies 00:01:07.360 -- 00:01:12.781 and strong performance of semiconductor-related products and specialty materials, 00:01:12.801 -- 00:01:17.802 and improved conditions in the MMA market. 00:01:19.103 -- 00:01:24.244 In basic chemicals, inventory valuation gains resulting from rising raw material 00:01:24.244 -- 00:01:29.445 prices contribute to higher profits, Despite the expanded scale of scheduled 00:01:29.445 -- 00:01:34.649 maintenance where we had scheduled maintenance in Ibaraki, this year, a production 0...