Mitsubishi Gas Chemical Company, Inc. Revises Consolidated Earnings Guidance for the Half Year Ending September 30, 2023 and Full Year Ending March 31, 2024
August 07, 2023 at 02:00 am EDT
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Mitsubishi Gas Chemical Company, Inc. revised consolidated earnings guidance for the half year ending September 30, 2023 and full year ending March 31, 2024. For the first half, the company now expects net sales of ¥380,000 million against previous guidance of ¥390,000 million; Operating profit is now expected to be ¥14,000 million against previous guidance of ¥22,000 million; Profit attributable to owners of parent is now expected to be ¥25,000 million against previous guidance of ¥33,000 million. Basic earnings per share is now expected to be ¥122.19 against previous guidance of ¥161.31.
For the year, the company now expects net sales of ¥840,000 million against previous guidance of ¥850,000 million; Operating profit is now expected to be ¥46,000 million against previous guidance of ¥54,000 million; Profit attributable to owners of parent is now expected to be ¥47,000 million against previous guidance of ¥56,000 million. Basic earnings per share is now expected to be ¥229.71 against previous guidance of ¥273.73.
MITSUBISHI GAS CHEMICAL COMPANY, INC. is a Japan-based chemical company. The Company operates in five business segments. The Natural Gas-related Chemicals segment manufactures and sells methanol, ammonia, amine products, methacrylic acid products, multiple alcohol, enzyme and crude. The Aromatic-related Chemicals segment manufactures and sells xylene isomer and xylene derivatives. The Functional Chemicals segment manufactures and sells industrial inorganic chemicals, electronic chemicals and engineering plastics. The Specialty Functional Materials segment manufactures and sells materials for printed circuit boards (PCBs), printed boards and deacidification agents. The Others segment is engaged in the real estate business.
Mitsubishi Gas Chemical Company, Inc. Revises Consolidated Earnings Guidance for the Half Year Ending September 30, 2023 and Full Year Ending March 31, 2024