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Mitsui Chemicals, Net Income Forecast for the Fiscal Year Revised Downward by 24%

Thu Feb 5, 2026 1:00 pm JST Earnings

4183 Mitsui Chemicals, Inc. 【IFRS】

Earnings Report

Mitsui Chemicals, Inc. <4183> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 5th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) dropped 40.1% from the same period last year to 22.5 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 23.6%, from the previous forecast of 55.0 billion yen to 42.0 billion yen (compared to 32.2 billion yen in the previous period), leading to a reduction in the profit growth rate from 70.6% to 30.3%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the October to March period (second half) has decreased 27.6%, from the previous forecast of 47.1 billion yen to 34.1 billion yen (compared to 10.0 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 4.7 times to 3.4 times.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 14.7 billion yen, a 4.8% decrease compared to the same period last year. However, the operating profit margin improved from 4.7% in the same period last year to 6.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,274,530 60,023 59,174 37,261 98.0 80.7 Feb 7, 2024 IFRS
Apr - Dec, 2024 1,338,836 66,901 65,955 37,711 99.5 92.1 Feb 4, 2025 IFRS
Apr - Dec, 2025 1,218,711 54,644 51,533 22,581 60.1 64.4 Feb 5, 2026 IFRS
YoY -9.0% -18.3% -21.9% -40.1% -39.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 886,410 67,063 61,836 47,157 125.2 37.50 Nov 11, 2025 IFRS
Oct - Mar, 2025 New 861,410 59,063 53,836 34,157 90.7 37.50 Feb 5, 2026 IFRS
Revision Rate -2.8% -11.9% -12.9% -27.6% -27.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,700,000 95,000 88,000 55,000 146.1 75 Nov 11, 2025 IFRS
Mar, 2026 New 1,675,000 87,000 80,000 42,000 111.5 75 Feb 5, 2026 IFRS
Revision Rate -1.5% -8.4% -9.1% -23.6% -23.6%

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 918,813 32,344 30,811 10,013 26.5 37.50 May 13, 2025 IFRS
Oct - Mar, 2025 Guidance 861,410 59,063 53,836 34,157 90.7 37.50 Feb 5, 2026 IFRS
YoY -6.2% +82.6% +74.7% +241.1% +242.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,749,743 74,124 73,331 49,999 131.5 70 May 15, 2024 IFRS
Mar, 2025 1,809,164 78,336 71,647 32,242 85.3 75 May 13, 2025 IFRS
Mar, 2026 Guidance 1,675,000 87,000 80,000 42,000 111.5 75 Feb 5, 2026 IFRS
YoY -7.4% +11.1% +11.7% +30.3% +30.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 448,485 20,909 25,119 15,482 40.8 4.7 Feb 4, 2025 IFRS
Jan - Mar, 2025 470,328 11,435 5,692 -5,469 -14.5 2.4 May 13, 2025 IFRS
Apr - Jun, 2025 415,350 12,753 9,953 729 2.0 3.1 Aug 7, 2025 IFRS
Jul - Sep, 2025 398,240 15,184 16,211 7,114 18.9 3.8 Nov 11, 2025 IFRS
Oct - Dec, 2025 405,121 26,707 25,369 14,738 39.2 6.6 Feb 5, 2026 IFRS
YoY -9.7% +27.7% +1.0% -4.8% -4.0%

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