2 November 2017
ABOUT MITSUBISHI CHEMICAL HOLDINGS
Hitoshi Ochi,
Representative Corporate Executive Officer,
President & CEO
Mitsubishi Chemical Holdings Corporation
DETAILS
Mitsubishi Chemical Holdings Corporation Business Results
for the First Half of the Fiscal Year Ending March 31, 2018 ("FY2017")
(Business period: April 1, 2017 to September 30, 2017)
Net income attributable to owners of the parent grew ¥21.3 billion,
or 26.9% year on year, to ¥100.5 billion, due to
a decrease in tax expenses associated with recognition
of deferred tax assets relating to the discontinued business transfer
in the same period of the previous fiscal year.
Earnings before taxes rose by ¥68.6 billion, or 61.4% year on year,
to ¥180.2 billion.
Core operating income rose by ¥56.0 billion, or 41.0% year on year,
to ¥192.3 billion, and operating income was up ¥65.2 billion,
or 54.4% year on year, at ¥185.3 billion.
Sales revenue for the first half of fiscal 2017 increased
by ¥218.5 billion, or 13.8% year on year, to ¥1,804.8 billion.
Overview of General Performance
The business environment surrounding
the Mitsubishi Chemical Holdings Group during the first half of fiscal 2017
remained generally favorable, due primarily to
continuing overall sales growth, especially in
the Performance Products domain, as well as
continued strong market prices for petrochemicals
such as MMA and other products in the Industrial Materials domain.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
