Revision of Business Performance Forecasts
August 7, 2024
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, CSR&IR Division
TEL: +81-3-3283-5041
Revision of Business Performance Forecasts
In view of its recent performance, Mitsubishi Gas Chemical Company, Inc. (MGC) has revised the business performance forecasts published on May 10, 2024.
1.Revision of half-year consolidated performance forecasts for the fiscal year ending March 2025 (April 1, 2024 - September 30, 2024)
(1) Consolidated business forecasts
(Millions of yen)
| Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share (yen) | |
| Previous forecast (A) | 370,000 | 26,000 | 30,000 | 21,000 | 104.88 |
| Revised forecast (B) | 390,000 | 28,000 | 33,000 | 23,000 | 114.86 |
| Change (B - A) | 20,000 | 2,000 | 3,000 | 2,000 | - |
| Change (%) | 5.4 | 7.7 | 10.0 | 9.5 | - |
|
Results for the previous 1H |
399,652 | 22,103 | 24,947 | 31,235 | 152.67 |
(2) Non-consolidated business forecasts
(Millions of yen)
| Net sales | Operating profit | Ordinary profit | Net profit | Basic earnings per share (yen) | |
| Previous forecast (A) | 220,000 |
9,000 |
17,000 | 15,000 | 74.91 |
| Revised forecast (B) | 230,000 | 13,000 | 21,000 | 18,000 | 89.89 |
| Change (B - A) | 10,000 | 4,000 | 4,000 | 3,000 | - |
| Change (%) | 4.5 | 44.4 | 23.5 | 20.0 | - |
|
Results for the previous 1H |
183,870 | 7,791 | 24,659 | 24,944 | 121.92 |
2. Revision of full-year consolidated performance forecasts for the fiscal year ending March 2025 (April 1, 2024 -March 31, 2025)
(1) Consolidated business forecasts
(Millions of yen)
| Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share (yen) | |
| Previous forecast (A) | 780,000 | 52,000 | 59,000 | 46,000 | 229.74 |
| Revised forecast (B) | 790,000 | 54,000 | 62,000 | 48,000 | 239.69 |
| Change (B - A) | 10,000 | 2,000 | 3,000 | 2,000 | - |
| Change (%) | 1.3 | 3.8 | 5.1 | 4.3 | - |
|
Results for the previous year |
813,417 | 47,337 | 46,040 | 38,818 | 190.97 |
(2) Non-consolidated business forecasts
(Millions of yen)
| Net sales | Operating profit | Ordinary profit | Net profit | Basic earnings per share (yen) | |
| Previous forecast (A) | 460,000 | 20,000 | 32,000 | 32,000 | 159.82 |
| Revised forecast (B) | 460,000 | 25,000 | 37,000 | 37,000 | 184.76 |
| Change (B - A) | 0 | 5,000 | 5,000 | 5,000 | - |
| Change (%) | 0 | 25.0 | 15.6 | 15.6 | - |
|
Results for the previous year |
400,848 | 15,645 | 37,561 | 31,730 | 156.09 |
3. Reasons for Revisions
With regard to consolidated operating results forecasts for the first half of the fiscal year ending March 31, 2025, the MGC Group expects net sales and each profit indicator to exceed previous forecasts, even though the depreciation of the yen is likely to inflate costs recorded by the domestic engineering plastics business, while recovery in demand for BT materials for IC plastic packaging remains somewhat slower than expected. The above projection is backed by robust sales of optical polymers as well as chemicals for use in semiconductor manufacturing for highly functional memory device applications. Other factors supporting this projection include improving sales prices influenced by the depreciation of the yen.
As for the full-year forecasts for consolidated operating results, the Group similarly expects net sales and each profit indicator to exceed previous forecasts as first-half earnings are likely to exceed the previous forecasts.
With regard to non-consolidated operating results forecasts for the first half of the fiscal year ending March 31, 2025, the Group anticipates that net sales and each profit indicator will exceed previous forecasts due to the factors described above.
Looking at full-year forecasts for non-consolidated operating results, the Group similarly expects each profit indicator to exceed previous forecasts as first-half earnings are likely to exceed the previous forecasts.
The above forecasts assume exchange rates of ¥150=$1 (a depreciation of \5 from the previous forecast) and \160=€1 (a depreciation of \5 from the previous forecast) for the remaining months of the fiscal year.
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.
The above forecasts are based on information currently available to MGC as of the date of the announcement of this document. Actual operating results may vary due to various factors.
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