Mitsui Chemicals Provides Earnings Guidance for the Full Year Ending March 31, 2014 and for the Year Ending March 2015
February 05, 2014
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Mitsui Chemicals provided earnings guidance for the full year ending March 31, 2014 and for the year end March 2015. For the year, the company expects to incur an operating loss of JPY 23 billion in the full year to March 31, 2014,
For the year 2015, the company's efforts to restructure its PU, phenols and purified terephthalic acid (PTA) businesses is expected to result in a reduction of JPY 14 billion in operating loss by the end of March 2015.
Mitsui Chemicals, Inc. specializes in the manufacture and marketing of chemicals products. Net sales break down by product family as follows:
- basic chemicals and fine chemicals products (48.8%): polypropylene, polyethylene, phenols, polyolefins, polyurethane, etc.;
- performance chemicals products (25.5%): elastomers, urethane, polymers, etc. intended in particular for the automotive industry;
- coating materials, films and agrochemicals (14.6%): resins, adhesives, polypropylene films, polyethylene films, industrial films, agrochemicals (insecticides, fungicides, herbicides, etc.) for the food and packaging sectors;
- specialty materials (10.2%): ophthalmic lens materials, photochromic materials, non-woven fibers, dental products, etc. dedicated to the medical and healthcare industry;
- other (0.9%).
Net sales are distributed geographically as follows: Japan (52.2%), China (14.5%), Asia (13.6%), America (11.8%), Europe (7.3%) and other (0.6%).