Mitsubishi Chemical : Notice Regarding Differences between Financial Results Forecast and Financial Results for the Fiscal Year Ended March 31, 2021
May 12, 2021 at 08:46 am EDT
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May 12, 2021
Company name:
Mitsubishi Chemical Holdings Corporation
Representative:
Jean-Marc Gilson
Representative Corporate Executive Officer,
President & Chief Executive Officer
Listed on 1st section of TSE (stock code:4188)
Contact:
Osamu Shimizu
General Manager,
Public Relations and Investor Relations Office
Tel:
[+81] (0)3-6748-7120
Notice Regarding Differences between Financial Results Forecast and
Financial Results for the Fiscal Year Ended March 31, 2021
Mitsubishi Chemical Holdings Corporation hereby announces differences between its financial results forecast announced on February 3, 2021, and financial results announced today, for fiscal 2020, ended March 31, 2021.
1. Differences between consolidated financial results forecast and financial results for fiscal 2020, ended March 31, 2021 (April 1, 2020 - March 31, 2021)
(Billions of yen; unless otherwise noted)
Sales
Core
Operating
Net
Net income
Net income
attributable to
operating
per share
revenue
income
income
owners of
income
(yen)
the parent
Previous forecast (A)
3,193.0
153.0
23.0
(22.0)
(48.0)
(33.80)
(announced on February 3, 2021)
Results (B)
3,257.5
174.7
47.5
22.7
(7.6)
(5.32)
Difference (B－A)
64.5
21.7
24.5
44.7
40.4
Difference (%)
2.0
14.2
106.5
－
－
Reference:
3,580.5
194.8
144.3
86.6
54.1
38.08
Results for fiscal 2019
Notes:
Net income before taxes: ¥4.0 billion (previous forecast); ¥32.9 billion (results)
Core operating income is operating income (loss) after excluding certain gains and expenses attributable to non-recurring factors.
2. Reason for Differences
Given the recovery in demand, mainly of automotive applications and market price trends, mainly for MMA, petrochemicals and advanced polymers outperformed the forecast we previously released (February 3, 2021), in addition to sales revenue and core operating income, income at all other levels also exceeded the previous forecast.
Reference:
Core operating income by segment
(Billions of yen)
Results
Previous forecast
Difference
Performance Products
61.3
54.0
7.3
Chemicals
14.2
6.0
8.2
Industrial Gases
85.1
81.0
4.1
Health Care
17.9
13.0
4.9
Others
(3.8)
(1.0)
(2.8)
Total
174.7
153.0
21.7
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Disclaimer
Mitsubishi Chemical Holdings Corporation published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 12:45:10 UTC.
Mitsubishi Chemical Group Corporation (formerly Mitsubishi Chemical Holdings Corporation) is a holding company organized around 5 groups of products:
- petrochemical products (32.4% of net sales): ethylene, propylene, benzene, coke, ether, etc.;
- performance chemicals and materials (28.6%): performance polymers, food ingredients, polyester films, polyvinyl alcohol-based films, water treatment products, carbon fibres and composite materials, etc.;
- industrial gases (23.9%);
- healthcare products and equipment (10.1%): pharmaceutical products, reagents and diagnostic instruments, active pharmaceutical ingredients, pharmaceutical intermediates, etc.;
- other (5%).
MITSUBISHI CHEMICAL GROUP CORPORATION 
