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Mitsui ChemicalsMitsui Chemicals, Inc.4183東証プライム化学FY ending Mar 2026, consolidated, IFRS

Mitsui Chemicals FY ending Mar 2026 results

About 36% of Mitsui Chemicals's sales come from Basic Green Materials, with Mobility Solutions and ICT Solutions making up much of the rest.

Out of every ¥100 of sales, about ¥4 is left as operating profit.

Revenue changed -7.8% from the prior year, operating profit -5.8%.

Revenue and profit pattern

Revenue and profit down

Revenue -7.8% · profit -5.8%, calculated from disclosed figures.

Operating leverage: 0.74× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-7.8%¥1.81T → ¥1.67T
Gross profit
-2.0%¥388.3B → ¥380.5B
Operating income
-5.8%¥78.3B → ¥73.8B
Net income attributable to owners
+6.6%¥32.2B → ¥34.4B
Operating cash flow
+6.2%¥200.5B → ¥213B
Free cash flow
+21.2%¥62.1B → ¥75.2B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥1.67T, down from ¥1.81T (-7.8%).
  • Operating income fell to ¥73.8B (-5.8%), yet net income rose to ¥34.4B (+6.6%).
  • Cash generation improved: operating cash flow reached ¥213B (+6.2%) and free cash flow ¥75.2B (+21.2%).

What drove the change

  • Lower naphtha and other feedstock prices pushed selling prices down, and sales volumes fell, mainly in Basic Green Materials
  • Inventory valuation worsened as feedstock prices dropped, and the company booked an impairment on its stake in a Chinese phenol affiliate, which cut operating income
  • ICT Solutions sold more semiconductor and optical materials as chip demand recovered

Things to watch

  • Swings in naphtha and fuel prices, and how much of them can be passed on to customers, move both sales and profit
  • Instability in the Middle East has made energy supply and feedstock sourcing harder to predict
  • Weak demand for downstream products has kept Japanese naphtha crackers running at low rates

Annual securities report (FY29) / 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

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Mitsui Chemicals sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥77
SG&A
¥18
Other costs
¥1
Operating profit
¥4
Net profit kept
¥2

Annual margin trends

Gross margin22.8%
FY ending Mar 2021: 24.2%24.2%FY ending Mar 2022: 23.5%23.5%FY ending Mar 2023: 20.3%20.3%FY ending Mar 2024: 21.2%21.2%FY ending Mar 2025: 21.5%21.5%FY ending Mar 2026: 22.8%22.8%FY21FY22FY23FY24FY25FY26
Operating margin4.4%
FY ending Mar 2021: 6.4%6.4%FY ending Mar 2022: 9.1%9.1%FY ending Mar 2023: 6.9%6.9%FY ending Mar 2024: 4.2%4.2%FY ending Mar 2025: 4.3%4.3%FY ending Mar 2026: 4.4%4.4%FY21FY22FY23FY24FY25FY26
Net margin2.1%
FY ending Mar 2021: 4.8%4.8%FY ending Mar 2022: 6.8%6.8%FY ending Mar 2023: 4.4%4.4%FY ending Mar 2024: 2.9%2.9%FY ending Mar 2025: 1.8%1.8%FY ending Mar 2026: 2.1%2.1%FY21FY22FY23FY24FY25FY26

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

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29期(2025/04/01－2026/03/31)

    ID S100YGUI2026-06-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第28期(2024/04/01－2025/03/31)

    ID S100W2O42025-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第27期(2023/04/01－2024/03/31)

    ID S100TSNO2024-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第26期(2022/04/01－2023/03/31)

    ID S100R6GQ2023-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第25期(令和3年4月1日－令和4年3月31日)

    ID S100OFZ72022-06-24Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第24期(令和2年4月1日－令和3年3月31日)

    ID S100M0VI2021-07-19Open

Extracted from XBRL: 44 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Other periods

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