Mitsui Chemical's core profit soars nearly 90%

By SKYSEVEN Chemical Technical Team · 2026-08-10

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On August 5, Mitsui Chemicals announced that the company's earnings rose sharply in the first quarter of fiscal year 2026-2027, thanks to higher product prices and higher prices of naphtha raw materials, which led to considerable inventory valuation gains, as well as a weaker yen. Mitsui Chemicals consolidated revenue reached 460 billion yen, up 10.8 percent year-on-year. Core operating profit, net of non-recurring gains and losses, surged 88.4 per cent year-on-year to 50.13 billion yen, while net profit attributable to parents was 32.09 billion yen, up 4302.3 per cent year-on-year.

Basic and environmentally friendly materials plate real-life performance to turn around. Japan's domestic naphtha benchmark price reached 118900 yen per thousand liters, and the business structure was adjusted to bring positive returns. The Middle East conflict has led to a reduction in equipment production and a decline in shipments, which has have become a negative factor to the sector.

The operating profits of the four major business plates under the banner have been improved throughout. Automotive travel supporting materials, ICT high-performance materials, life and health business in accordance with the semiconductor sector chain warming, automotive materials market demand, eye medical chemicals demand driven, shipments continue to increase. The structural optimization of high-end items has a negative impact on the impact of partial exchange rate evaporative environment.

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