Mitsubishi Gas Chemical Company, Inc. TSE:4182
Mitsubishi Gas Chemical : Third Quarter Results Presentation Fiscal Year 2025(April 1, 2025-December 31, 2025)
Source: MarketScreener
FY2025 3Q
Consolidated Financial ResultsFebruary 10, 2026
TSE 4182
+ Increase in sales volume of BT materials
Net Sales
-
Deterioration in polycarbonate (PC) and methanol
market prices
Withdrawal from the ortho-xylene (OX) chain business
+ Increase in sales volume of BT materials
Operating
profit
Decline in profitability due to deterioration in
methanol and PC market prices
⚫ Increase in fixed costs due to capacity expansion for inorganic chemicals
Deterioration in profitability of meta-xylenediamine (MXDA) and its derivatives
１． FY２０２5 3Q Results | ||
[JPY in billions] | YoY | |
Net Sales | 549.4 | -33.7 |
Operating profit | 37.8 | -7.4 |
Profit attributable to owners of parent | (26.1) | -61.7 |
Extraordinary losses: The following impairment losses were recorded -Netherlands MXDA plant (53.4 billion yen) (Note) Recorded at consolidated subsidiary MGC Specialty Chemicals Netherlands B.V. (MSCN). (Note) In addition to the loss of 50.2 billion yen recorded in the second quarter, a further loss of 3.2 billion yen was recorded in the third quarter. - China hydrogen peroxide plant (5.2 billion yen) (Note) Recorded at consolidated subsidiary Taixing MGC Lingsu Co., Ltd. | ||
2． FY2025 Full-Yea | r Forecast | |
[JPY in billions] | vs. Previous Forecast | |
Net Sales | 730.0 | - |
Operating profit | 47.0 | +3.０ |
Profit attributable to owners of parent | (18.0) | -1.０ |
Extraordinary income: Gain on divestment of non-business assets to be included in fourth quarter results | ||
+
Net Sales
Increase in sales volume of BT materials
Decrease in sales volume of MXDA and its
- derivatives
+
Increase in sales volume of BT materials
Operating
profit Decline in profitability due to deterioration in
- methanol market prices
Interim dividend
Dividend
Policy
the year-end dividend
50 yen
50 yen＊(forecast)
＊No change from previous forecast
(Note) Figures shown on this and the following pages are rounded down to the closest 0.1 billion. Percentage figures, per-share indicators, and performance assumptions are rounded off to the closest whole number.
INDEX１
FY2025 3Q Results
2
Results by Segment
３
FY2025 Forecast
１
FY2025 3Q Results
2
Results by Segment
３
FY2025 Forecast
FY２０２5 3Q ResultsNet sales: Down mainly due to lower PC/methanol prices and withdrawal from OX chain business, despite higher sales volume of
electronic materials driven by strong demand.
Operating profit: Down mainly due to above-mentioned lower prices, higher fixed costs for capacity expansion in inorganic chemicals, and intensifying competition in MXDA and its derivatives.
Ordinary profit: Down mainly due to lower operating profit and decline in equity in earnings of affiliates owing to lower methanol prices, despite improvement in non-operating foreign exchange gains.
Profit attributable to owners of parent: Net loss posted mainly due to lower ordinary profit, as well as impairment losses recorded at consolidated subsidiaries overseas.*
*MXDA manufacturing subsidiary in the Netherlands (MSCN) 2Q: 50.2 billion yen, 3Q: 3.2 billion yen Hydrogen peroxide manufacturing subsidiary in China (Taixing MGC Lingsu Co., Ltd. ) 3Q: 5.2 billion yen
149
Changes
[JPY in billions] | FY2024 1-3Q | FY2025 1-3Q | Amount | ％ | |
Net Sales | 583.1 | 549.4 | -33.7 | -5.8 | |
Operating profit | 45.2 | 37.8 | -7.4 | -16.5 | |
Equity in earnings of affiliates | 7.3 | 4.3 | -2.9 | -40.2 | |
Ordinary profit | 53.8 | 48.1 | -5.6 | -10.6 | |
Profit attributable to own of parent | ers3５.6 | (26.1) -61.7 - | |||
E P S （ＪＰＹ） | 178.18 | (134.34) | |||
ＦＸ (JPY/USD) 153
(Note) Figures shown on this and the following pages are rounded down to the closest 0.1 billion. Percentage figures, per-share indicators, and performance assumptions are rounded off to the closest whole number.
Content of the Difference
Equity in earnings of affiliates
GEC -2.3
Specialty Chemicals -0.5
Content of the Difference
Impairment losses -59.3
・MXDA Plant at MSCN -53.4
・China hydrogen peroxide plant -5.2
,etc.
FY２０２5 3Q Non-Operating and Extra [JPY in billions] FY2024 1-3Q | ordinary Ite FY2025 1-3Q | ms Changes | |
Non-operating items | 8.5 | 10.3 | +1.8 |
Equity in earnings of affiliates | 7.3 | 4.3 | -2.9 |
Financial income or losses | 2.3 | 2.8 | +0.5 |
Foreign exchange gains or losses | 0.2 | 4.5 | +4.2 |
Others | (1.3) | (1.3) | -0.0 |
Extraordinary income | 2.3 | 5.5 | +3.2 |
Gains on sales of noncurrent assets | - | 3.5 | +3.5 |
Gain on sales of investment securities | 0.8 | 1.2 | +0.3 |
Insurance claim income | 0.1 | 0.5 | +0.3 |
Others | 1.2 | 0.2 | -1.0 |
Extraordinary losses | (4.3) | (60.9) | -56.6 |
Impairment losses | (0.1) | (59.4) | -59.3 |
Loss compensation | (2.1) | (0.5) | +1.5 |
Business structure improvement expenses | (0.7) | (0.5) | +0.2 |
Provision allowance for doubtful accounts | (0.2) | (0.4) | -0.2 |
Others | (1.1) | - | +1.1 |
Total extraordinary income and losses | (2.0) | (55.4) | -53.3 |
（+） BT materials, etc.
（－） Optical polymer, PC, etc.
[JPY in billions]
（－） Methanol, PC, MXDA, etc.
Quantity factors
+4.7
Forex factors
45.2
37.8
（－） Depreciation costs, MSCN-related, etc.
-0.8
(Forex rates*)
FY2024 1-3Q： ¥153/＄
FY2025 1-3Q： ¥149/$
Price factors
-5.1
Others
-6.2
FY2024 1-3Q FY2025 1-3Q* Exchange Sensitivity
USD, rough estimate : with an appreciation (depreciation) of ¥1 against the USD, annual operating profit falls (increases) by ¥0.5bn, while annual ordinary profit falls (increases) by ¥0.5bn.
EUR, rough estimate : with an appreciation (depreciation) of ¥1 against the EUR, annual operating profit falls (increases) by ¥0.1bn, while
annual ordinary profit falls (increases) by ¥0.1bn.
１
FY2025 3Q Results
2
Results by Segment
３
FY2025 Forecast
Green Energy & ChemicalsFY2025 1-3Q Results
Net sales:
Down mainly due to lower methanol prices and withdrawal from
OX chain business.
Operating profit:
Down mainly due to decreased profitability for methanol, MXDA, and its derivatives.
Ordinary profit:
Down due to decline in equity in earnings of affiliates owing to
lower methanol prices.
Extraordinary losses:
Impairment losses recorded at the Netherlands MXDA manufacturing subsidiary (MSCN).
* The portion recorded in 3Q was due to impairment of fixed assets that were pending acceptance in 2Q and fluctuation in Forex rates.
Operating profit Ordinary profit Net sales[JPY in billions]
244.4
216.6
18.3
12.9
9.3
7.3
FY2024 1-3Q FY2025 1-3Q
【 FY2025 3Q Increase and Decrease Factors of Operating Profit (YoY)】 Operating Profit -5.612.9
7.3
-0.9
-4.4
FY2024 1-3Q（－）Xylene separators and derivatives, etc.
Quantity factors
（－） Methanol, MXDA, etc.
Price factors
-0.3
（+） Improvement in fixed costs.
(－) MSCN-related, etc.
Others
FY2025 1-3Q Green Energy & Chemicals[JPY in billions] | FY2024 FY2025 1-3Q Results 1-3Q Results | Changes | |
Net sales | 244.4 | 216.6 | -27.8 |
Natural Gas Chemicals | 174.7 | 161.3 | -13.4 |
Aromatic Chemicals | 70.3 | 55.6 | -14.6 |
Other/Adjustment | (0.6) | (0.3) | +0.2 |
Operating profit | 12.9 | 7.3 | -5.6 |
Natural Gas Chemicals | 7.6 | 5.3 | -2.2 |
Aromatic Chemicals | 5.3 | 1.9 | -3.4 |
Other/Adjustment | (0.0) | 0.0 | +0.0 |
Ordinary profit | 18.3 | 9.3 | -9.0 |
Natural Gas Chemicals | 10.4 | 5.3 | -5.0 |
Aromatic Chemicals | 7.9 | 4.0 | -3.9 |
Other/Adjustment | (0.0) | 0.0 | +0.0 |
FY２０２5 1-3Q Results （Compared with FY2024 1-3Q Results） | |||
Natural Gas Chemicals | Methanol | Decreased in both net sales and earnings due to lower market prices compared with the same period of the previous fiscal year. （FY2024 $332→FY2025 $304). | |
Methanol and ammonia-based chemicals | Increased in earnings, despite lower sales prices, thanks to such positive factors as the higher sales volume of MMA-related products and lower fixed costs. | ||
The energy resources And environmental business | Operating profit on par with the same period of the previous fiscal year, backed by the robustness of iodine sales, even though net sales declined due to the lower sales volume of LNG for power generation use. | ||
Aromatic Chemicals | MXDA*,aromatic aldehydes and polymer materials * including derivatives | Decreased in net sales and earnings, reflecting such factors as intensifying competition and a resulting decline in sales prices, along with higher fixed costs. | |
Xylene separators and derivatives | Decreased in net sales and earnings due to the sluggishness of market prices for purified isophthalic acid, even though the withdrawal from the ortho-xylene chain led to improvement in earnings. | ||
(Note) Breakdown shows segments by major product group
©MITSUBISHI GAS CHEMICAL COMPANY, INC.