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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  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 | 10:01pm 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
Sales 2021 1 151 B 10 987 M 10 987 M
Net income 2021 26 037 M 249 M 249 M
Net Debt 2021 333 B 3 181 M 3 181 M
P/E ratio 2021 20,8x
Yield 2021 3,60%
Capitalization 530 B 5 057 M 5 059 M
EV / Sales 2021 0,75x
EV / Sales 2022 0,72x
Nbr of Employees 17 979
Free-Float 86,0%
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Technical analysis trends MITSUI CHEMICALS, INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 10
Average target price 2 818,00 JPY
Last Close Price 2 778,00 JPY
Spread / Highest target 36,8%
Spread / Average Target 1,44%
Spread / Lowest Target -44,9%
EPS Revisions
Managers
NameTitle
Osamu Hashimoto President & Representative Director
Tsutomu Tannowa Chairman
Hideki Matsuo Representative Director & Chief Technology Officer
Masaharu Kubo Director
Yukiko Kuroda Independent Outside Director
Sector and Competitors