Mitsubishi Chemical Corporation Half-Year Report 2022

Performance Overview

In the business environment of the consolidated first half (April 1, 2021 – September 30, 2021; same hereafter) of the
Mitsubishi Chemical Holdings Corporation (MCHC) Group, although there was impact mainly from a rise in raw material prices, given that economic activities are gradually returning to normal in each country in tandem with the progress in vaccinations, demand in Japan and abroad is gradually trending toward recovery versus the same period a year earlier.

Amid this backdrop, sales revenue came to ¥1,885.1 billion, an increase of ¥380.3 billion (a rise of 25.3%) from the same period in the previous consolidated fiscal year (April 1, 2020 – September 30, 2020; same hereafter). In the profit front, core operating income climbed ¥101.5 billion, or 185.8%, to ¥156.1 billion. Operating income rose ¥181.2 billion, to ¥153.1 billion. Income before taxes was up ¥184.0 billion, to ¥147.2 billion. And net income attributable to owners of the parent improved ¥134.9 billion, to ¥85.2 billion.

Performance Products Segment, Performance Products Domain

In comparison with the same period in the previous consolidated fiscal year, sales revenue increased ¥106.7 billion, to ¥566.7 billion and core operating income expanded ¥20.8 billion, to ¥45.8 billion.

In polymers and compounds, sales revenue increased reflecting a rise in sales volumes for products used in automobiles and other applications, and also an upturn in market prices for some polymers.

In advanced solutions, sales revenue grew underpinned primarily by an increase in sales volume accompanying a
recovery in economic activities.

Core operating income in this segment expanded chiefly reflecting an increase in sales volume overall, mainly for
automotive applications, and despite impact from a rise in raw material prices.