Notice on the Announcement of Differences between Performance Forecasts and Actual Results

Company name: Mitsubishi Gas Chemical Company, Inc.
Representative: Masashi Fujii, Representative Director & President
Securities code: 4182 (The Prime Market of the Tokyo Stock Exchange)
Contact: Satoshi Takizawa, General Manager, IR Department
TEL: +81-3-3283-5041

Notice on the Announcement of Differences
between First-Half Performance Forecasts and Actual Results

Mitsubishi Gas Chemical Company, Inc. (“MGC”) hereby announces differences between performance forecasts for the first half of the fiscal year ending March 31, 2024 (April 1 – September 30, 2023), which it disclosed on August 7, 2023, and actual results publicized today.

1. Differences between First-Half Performance Forecasts and Actual Results (April 1 – September 30, 2023)

(Millions of yen)

2. Reasons for Differences
With regard to consolidated operating results for the first six months of the fiscal year ending March 31, 2024, although overall sales volumes and market prices of MGC products have been almost in line with previous forecasts, net sales and each profit indicator exceeded previous forecasts due to foreign exchange fluctuations, generally toward the depreciation of the yen; decreases in fixed costs and selling, general and administrative expenses; and other positive factors.

Note: This document has been translated from the Japanese original for reference purpose only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

END