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Mitsubishi Gas, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Mon Nov 10, 2025 3:30 pm JST Earnings

4182 Mitsubishi Gas Chemical Company,Inc. 【J-GAAP】

Earnings Report

Mitsubishi Gas Chemical Company,Inc. <4182> [TSE Prime] announced its financial results after the market closed on November 10th (15:30). The consolidated net income/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a loss of 27.9 billion yen (compared to a profit of 24.7 billion yen in the same period last year), reversing from the forecast of a 20.0 billion yen to a loss.

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 36.0 billion yen to a loss of 17.0 billion yen (compared to a profit of 45.5 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to drop 47.5% from the same period last year to 10.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 36.3 billion yen (compared to a profit of 12.9 billion yen in the same period last year). The operating profit margin worsened from 9.0% in the same period last year to 7.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 399,652 22,103 24,947 31,235 152.7 54.2 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 388,130 33,752 37,444 24,724 123.5 62.1 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 361,678 25,145 31,480 -27,939 -143.5 63.0 Nov 10, 2025 J-GAAP
YoY -6.8% -25.5% -15.9% － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 360,000 24,000 27,000 20,000 102.7 50 May 12, 2025 J-GAAP
Apr - Sep, 2025 Results 361,678 25,145 31,480 -27,939 -143.5 50 Nov 10, 2025 J-GAAP
Revision Rate +0.5% +4.8% +16.6% － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 750,000 46,000 50,000 36,000 184.9 100 Aug 7, 2025 J-GAAP
Mar, 2026 New 730,000 44,000 50,000 -17,000 -87.3 100 Nov 10, 2025 J-GAAP
Revision Rate -2.7% -4.3% 0.0% － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 385,461 17,099 22,872 20,820 104.7 50 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance 368,322 18,855 18,520 10,939 56.2 50 Nov 10, 2025 J-GAAP
YoY -4.4% +10.3% -19.0% -47.5% -46.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 813,417 47,337 46,040 38,818 191.0 80 May 10, 2024 J-GAAP
Mar, 2025 773,591 50,851 60,316 45,544 228.9 95 May 12, 2025 J-GAAP
Mar, 2026 Guidance 730,000 44,000 50,000 -17,000 -87.3 100 Nov 10, 2025 J-GAAP
YoY -5.6% -13.5% -17.1% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 200,015 18,023 19,490 12,991 64.9 9.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 195,060 11,538 16,410 10,912 54.6 5.9 Feb 13, 2025 J-GAAP
Jan - Mar, 2025 190,401 5,561 6,462 9,908 49.8 2.9 May 12, 2025 J-GAAP
Apr - Jun, 2025 177,977 10,982 13,830 8,405 43.2 6.2 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 183,701 14,163 17,650 -36,344 -186.6 7.7 Nov 10, 2025 J-GAAP
YoY -8.2% -21.4% -9.4% － －

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