Mitsubishi Gas Chemical Company (4182) Q4 2025 earnings summary

Executive summary

• FY2024 net sales decreased mainly due to the transition of JSP Corporation to an equity-method affiliate, but operating and ordinary profit increased, driven by improved profitability in key products, higher methanol prices, and yen depreciation.

• Profit attributable to owners of parent rose, aided by higher ordinary profit and a temporary improvement in deferred income taxes, despite the absence of prior year gains from step acquisitions.

Financial highlights

• FY2024 net sales: ¥773.6bn (down 4.9% YoY), operating profit: ¥50.9bn (up 7.4% YoY), ordinary profit: ¥60.3bn (up 31.0% YoY), profit attributable to owners of parent: ¥45.5bn (up 17.3% YoY).

• EPS increased to ¥228.93, ROE improved to 6.9%, and ROIC to 6.4%.

• Dividend per share for FY2024 was ¥95, up ¥15 from the previous year.

• Comprehensive income: ¥48.2bn (down 45.0% YoY).

Outlook and guidance

• FY2025 forecast: net sales ¥730.0bn (down 5.6% YoY), operating profit ¥46.0bn (down 9.5% YoY), ordinary profit ¥50.0bn (down 17.1% YoY), profit attributable to owners of parent ¥36.0bn (down 21.0% YoY), EPS ¥184.89.

• Dividend forecast for FY2025 is ¥100 per share, a ¥5 increase.

• Forecast assumes exchange rates of ¥140/$ and ¥160/€.