Mitsubishi Gas Chemical Company, Inc. released its fiscal year 2025 third quarter results presentation, highlighting a net loss amid impairment charges while revising its full-year profit forecasts upward.5251
Financial Highlights for Nine Months Ended December 31, 2025
Net sales declined 5.8% year-over-year to 549.4 billion yen. Operating profit fell 16.5% to 37.8 billion yen, while ordinary profit decreased 10.6% to 48.1 billion yen. The company posted a net loss attributable to owners of 26.1 billion yen, compared to a profit of 35.6 billion yen in the prior year.52
Segment Performance
In the Green Energy & Chemicals segment, net sales dropped 27.8% to 216.6 billion yen, with operating profit down 5.6% to 7.3 billion yen. Natural gas chemicals and aromatic chemicals faced lower prices and volumes.52
The Specialty Chemicals segment saw net sales decrease 4.3% to 332.0 billion yen, but operating profit held steady at 33.3 billion yen, down just 1.8%. Growth in information and advanced materials, driven by bismaleimide (BT) demand for AI servers, offset declines in other areas.52
Full-Year FY2025 Forecasts Revised Upward
Management raised its full-year operating profit forecast to 47.0 billion yen from 44.0 billion yen previously announced, citing higher sales volumes for BT materials and favorable forex assumptions. Ordinary profit now stands at 55.0 billion yen, up from 50.0 billion yen. Net profit forecast remains a loss of 18.0 billion yen, impacted by impairment losses on overseas facilities totaling around 58.6 billion yen.5251
Net sales guidance holds at 730.0 billion yen. Dividend policy stays unchanged at 100 yen per share for the year.52
Key Challenges and Positive Drivers
Challenges included lower methanol and polycarbonate prices, fixed cost increases from plant expansions, and impairments at MXDA plant in Netherlands and hydrogen peroxide plant in China. Equity earnings from affiliates declined due to methanol weakness.52
Positive factors featured strong demand for electronic materials like BT resins and OPETM substrates for AI applications, customer stockpiling, and forex gains from yen depreciation.52
Outlook for Fourth Quarter and Beyond
Fourth-quarter prospects include methanol price recovery, robust MMA sales post-maintenance, and sustained BT demand. The company targets operating profit expansion in uniqueness and presence businesses to over 70 billion yen by FY2026 under its medium-term plan.52
