Mitsubishi Chemical Group Corporation
4188・Prime Market・Chemicals
Specialty Materials
Core growth segment providing high-performance materials for semiconductors, mobility, and food packaging applications
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Segment total, including inter-segment) | ¥1,074,450 million | ¥1,091,211 million | ↓ |
| Revenue (External revenue) | ¥1,059,646 million | ¥1,071,255 million | ↓ |
| Core operating income (Segment income) | ¥32,309 million | ¥23,872 million | ↑ |
| Segment assets | ¥1,414,912 million | ¥1,339,686 million | ↑ |
| Depreciation and amortization | ¥66,653 million | ¥68,862 million | ↓ |
| Capital expenditures | ¥131,574 million | ¥115,935 million | ↑ |
| Share of profit/loss of investments accounted for using the equity method | ¥3,044 million | ¥1,609 million | ↑ |
Business Details
Comprises three sub-segments: Advanced Films & Polymers (barrier films, optical films, etc.), Advanced Solutions (semiconductor materials, battery materials, etc.), and Advanced Composites & Shapes (carbon fiber, high-performance engineering plastics, etc.). Supplies high-value-added materials to a wide range of industries including semiconductors, displays, EVs, and food packaging materials, and serves as the core of the group's "Green & Specialty Company" strategy.
Recent Overview
Revenue decreased, but core operating income increased by ¥8,437 million year-on-year, improving profitability
Revenue (external revenue) for FY2026 (ending March 2026) was ¥1,059,646 million, down ¥11,609 million year-on-year. Meanwhile, core operating income was ¥32,309 million, up ¥8,437 million year-on-year. Contributing factors included the elimination of the impact of the impairment loss on Gelest, Inc. recorded in the prior period, improved trading margins from higher sales prices in semiconductor-related businesses, increased demand for high-performance engineering plastics for semiconductor manufacturing equipment applications, increased sales of carbon fiber composite parts, and rationalization effects from the review of production sites. Negative factors included the recording of an impairment loss on Soarnol-related fixed assets in the UK and cost increases due to inflation and other factors.
Key Products
Growth Drivers
- Increased demand for high-performance engineering plastics mainly for semiconductor manufacturing equipment applications
- Expansion of Advanced Composites & Shapes revenue through increased sales of carbon fiber composite parts and foreign exchange effects
- Improved trading margins through maintained/improved sales prices in semiconductor-related businesses
- Rationalization and cost reduction effects from reviewing production sites across businesses
- Profit improvement from the elimination of the impact of the impairment loss on Gelest, Inc. production facilities and intangible assets recorded in the prior period
Risks
- Risk of declining demand in the US and Europe for EV applications (impact on battery materials and related materials)
- Decrease in sales volume due to partial suspension of general-purpose carbonization lines in the carbon fiber business
- Risk of additional impairment of fixed assets, including the impairment loss on Soarnol-related fixed assets in the UK
- Risk of demand fluctuations such as customer inventory adjustments in display applications
- Cost increases due to inflation and revenue decline due to the transfer of shares in certain subsidiaries and businesses
Last updated: June 22, 2026