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Mitsubishi Gas, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%

Tue Feb 10, 2026 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 February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 10.6% from the same period last year to 48.1 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 10.0%, from the previous forecast of 50.0 billion yen to 55.0 billion yen (compared to 60.3 billion yen in the previous period), and the declining rate is expected to decrease from 17.1% to 8.8%. However, the full-year forecast for consolidated net income/loss has been revised downward from an expected loss of 17.0 billion yen to a loss of 18.0 billion yen (compared to a profit of 45.5 billion yen in the previous period), indicating an expansion in the loss margin.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 27.0%, from the previous forecast of 18.5 billion yen to 23.5 billion yen (compared to 22.8 billion yen in the same period of the previous year), turning to a 2.8% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 16.6 billion yen, an increase of 1.7% compared to the same period last year. The operating profit margin improved from 5.9% in the same period last year to 6.7%.

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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 621,739 38,658 43,404 40,068 196.2 94.3 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 583,190 45,290 53,854 35,636 178.2 89.3 Feb 13, 2025 J-GAAP
Apr - Dec, 2025 549,461 37,804 48,171 -26,160 -134.3 87.6 Feb 10, 2026 J-GAAP
YoY -5.8% -16.5% -10.6% － －

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 368,322 18,855 18,520 10,939 56.2 50 Nov 10, 2025 J-GAAP
Oct - Mar, 2025 New 368,322 21,855 23,520 9,939 51.0 50 Feb 10, 2026 J-GAAP
Revision Rate 0.0% +15.9% +27.0% -9.1% -9.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 730,000 44,000 50,000 -17,000 -87.3 100 Nov 10, 2025 J-GAAP
Mar, 2026 New 730,000 47,000 55,000 -18,000 -92.4 100 Feb 10, 2026 J-GAAP
Revision Rate 0.0% +6.8% +10.0% -5.9% -5.9%

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 21,855 23,520 9,939 51.0 50 Feb 10, 2026 J-GAAP
YoY -4.4% +27.8% +2.8% -52.3% -51.2%

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 47,000 55,000 -18,000 -92.4 100 Feb 10, 2026 J-GAAP
YoY -5.6% -7.6% -8.8% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2025 187,783 12,659 16,691 1,779 9.1 6.7 Feb 10, 2026 J-GAAP
YoY -3.7% +9.7% +1.7% -83.7% -83.2%

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