Mitsubishi Chemical Group Raises H1 Earnings Forecast on Semiconductor Strength
Mitsubishi Chemical Group Corporation (TSE:4188) raised its consolidated earnings forecast for the six months ending September 30, 2026, citing robust semiconductor-related product sales and inventory valuation gains from elevated naphtha prices.
| Item | Before | After | Change |
|---|---|---|---|
| 売上収益 | JPY 18.6bn | JPY 20.4bn | +9.8% |
| コア営業利益 | JPY 1.39bn | JPY 1.94bn | +39.6% |
| Operating Profit | JPY 1.43bn | JPY 1.89bn | +32.2% |
| 中間利益 | JPY 980M | JPY 1.30bn | +32.7% |
| 親会社の所有者に帰属する中間利益 | JPY 590M | JPY 860M | +45.8% |
| 基本的１株当たり中間利益 | JPY 43M | JPY 63M | +45.8% |
The company attributed the upward revision to strong first-quarter performance in semiconductor materials, one-time inventory gains stemming from Middle East-driven naphtha price volatility, and temporary demand increases from customers securing raw materials. Core operating profit surged 39.6% to JPY 1.94bn, with the Chemicals segment leading gains across all profit metrics. Interim net profit attributable to parent shareholders jumped 45.8% to JPY 860M, while earnings per share rose to JPY 63.30/share from JPY 43.43/share.
However, management maintained its full-year earnings guidance unchanged, signaling caution about second-half uncertainty amid ongoing geopolitical tensions affecting commodity prices. The interim revision reflects near-term tailwinds in semiconductor demand and inventory dynamics, but the company appears reluctant to commit to sustained improvements through fiscal year-end March 2027. Investors should monitor whether the Chemicals segment sustains current momentum or faces headwinds from potential naphtha price normalization and demand moderation in the second half.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.