Mitsui Chemicals : Financial Summary - Results of the First Half of FY2015 & Outlook for FY2015
November 09, 2015 at 01:09 am EST
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Explanation of business overview and factors affecting sales and operating income by segment
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Consolidated Financial Highlights
(Billions of Yen)
( ) Denotes a minus
Items
FY2014
1st Half
FY2015
1st Half
Increase
(Decrease)
%
Sales
776.0
708.6
(67.4)
(9%)
Operating income (loss)
18.6
41.4
22.8
123%
Non-operating income (expenses)
0.8
(0.2)
(1.0)
-
Ordinary income (loss)
19.4
41.2
21.8
112%
Extraordinary gains / losses
(3.3)
(0.1)
3.2
-
Net income (loss) before income taxes and minority interests
16.1
41.1
25.0
155%
Profit (loss) attributable to owners of parent
7.4
28.5
21.1
287%
Exchange Rate (Yen / US$)
103
122
19
Domestic Standard Naphtha Price (Yen / KL)
70,400
48,100
(22,300)
Interim Dividend ( Yen / Share )
2.0
4.0
2.0
-
Overview
Healthcare:
Demand for ophthalmic lens materials and nonwoven fabrics was good due to expanding overseas market.
Mobility:
Strong demand for elastomers and PP compounds continued overseas.
Healthy demand for functional polymers continued, especially in electronic and information applications.
Food & Packaging:
Healthy demand for high-value-added performance films and sheets and expanded sales from new products.
Healthy domestic and overseas sales in agrochemicals.
Operating rates for domestic petrochemicals remained at a high level due to healthy demand in derivatives. Stable trends were also seen in raw materials.
Business restructuring and cost cutting progressed as scheduled in bulk & commodity products.
Overseas conditions for polyurethane materials continued to be severe.
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Overview of increase/decrease by segment (sales and operating income, year-on-year)
Description of Increase / Decrease in Healthcare
Increase / Decrease of Net Sales (1st half of FY2015 vs. 1st half of FY2014)
Increase / Decrease of Operating Income (1st half of FY2015 vs. 1st half of FY2014)
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Description of Increase / Decrease in Functional Polymeric Materials
Increase / Decrease of Net Sales (1st half of FY2015 vs. 1st half of FY2014)
Increase / Decrease of Operating Income (1st half of FY2015 vs. 1st half of FY2014)
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Description of Increase / Decrease in Polyurethane
Increase / Decrease of Net Sales (1st half of FY2015 vs. 1st half of FY2014)
Increase / Decrease of Operating Income (1st half of FY2015 vs. 1st half of FY2014)
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Description of Increase / Decrease in Basic Chemicals
Increase / Decrease of Net Sales (1st half of FY2015 vs. 1st half of FY2014)
Increase / Decrease of Operating Income (1st half of FY2015 vs. 1st half of FY2014)
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Description of Increase / Decrease in Petrochemicals
Increase / Decrease of Net Sales (1st half of FY2015 vs. 1st half of FY2014)
Increase / Decrease of Operating Income (1st half of FY2015 vs. 1st half of FY2014)
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Description of Increase / Decrease in Food & Packaging
Increase / Decrease of Net Sales (1st half of FY2015 vs. 1st half of FY2014)
Increase / Decrease of Operating Income (1st half of FY2015 vs. 1st half of FY2014)
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%).
MITSUI CHEMICALS, INC. 
