Mitsui Chemicals (4183) Q3 2026 earnings summary

Executive summary

• Operating income before special items for April–December 2025 was JPY 68.0 billion, down 10% year-on-year, mainly due to inventory valuation losses, maintenance, and low operating rates in Basic & Green Materials.

• Net income attributable to owners of the parent for the same period was JPY 22.6 billion, down 40% year-on-year, impacted by non-recurring restructuring losses.

• Full-year operating income before special items is forecast at JPY 103.0 billion, revised downward due to Basic & Green Materials weakness; net income forecast is JPY 42.0 billion.

• Shareholder returns include a JPY 30.0 billion share repurchase and a two-for-one stock split effective January 2026.

Financial highlights

• Sales revenue for April–December 2025 was JPY 1,218.7 billion, down 9% year-on-year.

• Operating income before special items decreased by 10% year-on-year to JPY 68.0 billion.

• Net income for the period was JPY 22.6 billion, down 40% year-on-year.

• Non-recurring items totaled -JPY 13.4 billion, mainly from impairment losses and restructuring.

• Free cash flow for April–December 2025 was JPY 44.0 billion; cash flows from operating activities were JPY 141.0 billion.

Outlook and guidance

• Full-year sales revenue is projected at JPY 1,675.0 billion, down from previous guidance.

• Operating income before special items is forecast at JPY 103.0 billion, down from prior outlook.

• Net income is forecast at JPY 42.0 billion, below previous forecast.

• Dividend outlook remains at JPY 75 per share after the stock split.