Mitsubishi Chemical GloupMitsubishi Chemical Gloup Corporation4188東証プライム化学FY ending Mar 2026, consolidated, IFRS

Mitsubishi Chemical Gloup FY ending Mar 2026 results

About 37% of Mitsubishi Chemical Gloup's sales come from Industrial gases, with Specialty Materials and Basic Materials and Polymers making up much of the rest.

Out of every ¥100 of sales, about ¥1 is left as operating profit.

Revenue changed -6.2% from the prior year, operating profit -78.8%.

Revenue and profit pattern

Revenue and profit down

Revenue -6.2% · profit -78.8%, calculated from disclosed figures.

Operating leverage: 12.76× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -6.2%¥3.95T → ¥3.7T
Gross profit: +3.1%¥1.04T → ¥1.07T
Operating income: -78.8%¥141.6B → ¥30.1B
Net income attributable to owners: -73.7%¥45B → ¥11.8B
Operating cash flow: -21.1%¥552.8B → ¥436.3B
Free cash flow: -36.7%¥227.9B → ¥144.2B

Results at a glance

Revenue for the FY ending Mar 2026 fell -6.2%, from ¥3.95T to ¥3.7T.
Gross profit rose +3.1%, yet operating income dropped -78.8% to ¥30.1B and net income attributable to owners fell -73.7% to ¥11.8B.
The main hit was not weaker day-to-day business but write-downs on plant assets, which were booked in operating costs.
Operating cash flow also declined -21.1% to ¥436.3B.

What drove the change

Lower market prices for MMA monomer pushed the MMA and Derivatives segment into a loss
The company wrote down Soarnol-related assets in the UK and its ethylene oxide and ethylene glycol plants
Industrial gases grew profit through pricing and cost cuts, and Specialty Materials gained from higher semiconductor-related prices and volumes

Things to watch

Some raw material and fuel prices have spiked amid Middle East tensions, clouding the outlook
If naphtha or fuel prices move sharply and product prices lag behind, margins could shrink
Weak demand or new capacity from competitors could leave plants earning less than their investment requires

Annual securities report (FY ending Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (FY ending Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Mitsubishi Chemical Gloup sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥71
SG&A: ¥22
Other costs: ¥6
Operating profit: ¥1
Net profit kept: ¥0

Annual margin trends

Gross margin28.9%

Operating margin0.8%

Net margin0.3%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Industrial gases¥1.35T
37%
Op. margin 14.8%Industry: Chemicals
Specialty Materials¥1.06T
29%
Op. margin 3.0%Industry: Chemicals
Basic Materials and Polymers¥790.7B
21%
Op. margin -0.5%Industry: Chemicals
MMA and Derivatives¥351.9B
10%
Op. margin -0.4%Industry: Chemicals
Other¥149.2B
4%
Op. margin 9.0%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第21期(2025/04/01－2026/03/31)
ID S100YFSR2026-06-22Open
EDINET (FSA Japan)
訂正有価証券報告書－第20期(2024/04/01－2025/03/31)
ID S100WZVZ2025-11-12Open
EDINET (FSA Japan)
有価証券報告書－第19期(2023/04/01－2024/03/31)
ID S100TRLF2024-06-25Open
EDINET (FSA Japan)
訂正有価証券報告書－第18期(2022/04/01－2023/03/31)
ID S100SN752024-01-19Open
EDINET (FSA Japan)
有価証券報告書－第17期(令和3年4月1日－令和4年3月31日)
ID S100OG522022-06-24Open
EDINET (FSA Japan)
有価証券報告書－第16期(令和2年4月1日－令和3年3月31日)
ID S100LP982021-06-24Open

Extracted from XBRL: 45 / Derived from other figures: 1

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