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MarketScreener Homepage  >  Equities  >  Tokyo  >  Mitsui Chemicals, Inc.    4183   JP3888300005

MITSUI CHEMICALS, INC.

(4183)
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Mitsui Chemicals : Launched New Lens Material "UV+420cutTM"

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10/26/2014 | 09:01pm EDT

Mitsui Chemicals, Inc. (TOKYO:4183) (President & CEO: Tsutomu Tannowa) announced that it commenced sales of a new breakthrough ophthalmic lens material that helps protect eyes from not only ultraviolet (10-400nm) light rays but also 400nm-420nm wavelength light.

Our eyes are constantly damaged by sunlight exposure and therefore it is important to protect eyes from UV exposure. Recent studies have shown, however, that shorter wavelength light from 400nm-420nm also damages the retina, which is the most vulnerable tissue of the eye, and this can be one of the factors which accelerates the development of Age-related Macular Degeneration (AMD) and cataracts. Although many conventional sunglasses, in addition to protecting from UV rays, provide protection from shorter wavelength light, general vision correction lenses do not. Mitsui Chemicals’ newly debuted lens material, "UV+420cutTM", helps protect eyes from damaging short wavelength light.

This technology is used in the new "LUTINA®"lenses of Tokai Optical Co., Ltd.

Mitsui Chemicals provides performance-driven lens materials ranging from high to low refractive indices as well as optimum coating materials for lenses to meet diversifying global market needs. It will continue to develop groundbreaking, value-added vision care materials.


© Business Wire 2014
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Financials (JPY)
Sales 2020 1 505 B
EBIT 2020 -
Net income 2020 74 403 M
Debt 2020 365 B
Yield 2020 4,17%
P/E ratio 2020 6,63
P/E ratio 2021 6,44
EV / Sales 2020 0,59x
EV / Sales 2021 0,57x
Capitalization 518 B
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 3 168  JPY
Spread / Average Target 25%
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Managers
NameTitle
Tsutomu Tannowa Executive President, CEO & Representative Director
Masaharu Kubo CFO, Director, Head-Accounting & Legal Affairs
Hideki Matsuo Representative Director & Chief Technology Officer
Shigeru Isayama Director & Executive Officer
Yukiko Kuroda Independent Outside Director
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