Mitsubishi Gas Chemical Company (4182) Q1 2027 earnings summary

Executive summary

• Net sales for FY2026 1Q rose to ¥223.7bn, up 25.7% year-over-year, driven by higher methanol prices, strong electronics materials sales, and yen depreciation.

• Operating profit surged to ¥27.8bn, up 153.5% year-over-year, supported by inventory gains, favorable market conditions, and gains in basic chemicals and engineering plastics.

• Ordinary profit reached ¥29.1bn, up 111.0% year-over-year, despite a decline in equity in earnings of affiliates due to Middle East disruptions.

• Profit attributable to owners of parent increased to ¥18.3bn, up 118.1% year-over-year.

• Comprehensive income soared 330.0% year-over-year to ¥29.2bn.

Financial highlights

• Gross profit increased to ¥56.4bn from ¥39.3bn year-over-year.

• EPS for 1Q was ¥94.02, compared to ¥43.17 in the prior year.

• Equity ratio stood at 57.4% as of June 30, 2026.

• Total assets increased to ¥1,159.2bn as of June 30, 2026.

• EBITDA forecast for FY2026 is ¥122.8bn.

Outlook and guidance

• Full-year FY2026 net sales forecast revised up to ¥860.0bn, operating profit to ¥71.0bn, and profit attributable to owners of parent to ¥55.0bn.

• Annual dividend planned at ¥110 per share, a ¥10 increase from FY2025.

• 2Q net sales and operating profit expected to decline sequentially due to lower methanol prices and inventory losses.

• 2H profit expected to decrease due to regular maintenance and temporary cost increases.

• Profit attributable to owners of parent forecast with EPS of ¥282.04.