Nikkei 225
Mitsubishi Chemical Holdings
Japan's largest diversified chemical group, running four segments: Specialty Materials (semiconductor and display materials), Industrial Gases, Basic Materials & Polymers (petrochemicals) and MMA. It is expanding EUV/ArF photoresists, ultrapure-water resins, precision cleaning and synthetic silica for the growing semiconductor market, while spinning off and consolidating loss-making petrochemicals and divesting pharma (Mitsubishi Tanabe). Nikkei 225 constituent.
4188.T Updated Jul 12, 2026 2 AI consumers· 2 recurring
Annual return · 2026-07-10'21+29%'22-15.5%'23+27.7%'24-8.1%'25+33.5%YTD+15.8%
Money in ▸글로벌 산업가스 수요처 (철강·전자·의료·화학)●segment revenue 1,301,100,000,000엔반도체·디스플레이 제조사 (EUV·ArF 포토레지스트·초순수 이온교환수지·정밀세정·합성실리카)●segment revenue 1,081,300,000,000엔자동차·EV·엔지니어링플라스틱 고객 (탄소섬유복합재·LiB 음극재)◐
Mitsubishi Chemical Holdings~¥4.41T
▸ Money out나프타·원유 피드스톡 공급사●input price 75,600 엔/KL전력·연료 (에너지 집약 화학·공기분리 공정)◐
Financials & Segments
- Total revenue · ~¥4.41T (FY2024, ended Mar 2025)
- Segments · Specialty Materials (semiconductor & display materials) · Industrial Gases · Basic Materials & Polymers (petrochemicals) · MMA & Derivatives · Pharma (Mitsubishi Tanabe, divestment pending)
Revenue from
- 글로벌 산업가스 수요처 (철강·전자·의료·화학) High confidence· segment revenue 1,301,100,000,000엔 · 산업가스 FY2024(2025.3월기) · MCG consolidated results
Industrial Gases revenue ¥1,301.1bn (FY2024, the single largest segment) with core OP ¥186.1bn, lifted by regional price management and cost cuts. Signed May 2024 to acquire Wesfarmers Kleenheat's LPG business in Australia.Confirms KO Investing.com Published Nov 5, 2025: Mitsubishi Chemical: net income up 169% despite lower revenue (H1 FY2025)Confirms EN Mitsubishi Chemical Group Published May 13, 2025: Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS) - 반도체·디스플레이 제조사 (EUV·ArF 포토레지스트·초순수 이온교환수지·정밀세정·합성실리카) High confidence· segment revenue 1,081,300,000,000엔 · 스페셜티 머티리얼즈 FY2024(2025.3월기) · MCG consolidated results
Specialty Materials revenue ¥1,081.3bn (FY2024). Riding the semiconductor market, MCG is expanding Lithomax EUV/ArF photoresists (Kyushu-Fukuoka, on-stream Sep–Oct 2025), ultrapure-water ion-exchange resins, semiconductor precision cleaning (new Fukushima + Iwate, on-stream Oct 2026) and synthetic silica powder (+35%).Confirms EN TradingView Published Nov 1, 2025: Mitsubishi Chemical Group (TSE:4188) analyst estimates & price targetsConfirms EN Mitsubishi Chemical Group Published May 13, 2025: Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS) - 자동차·EV·엔지니어링플라스틱 고객 (탄소섬유복합재·LiB 음극재) Medium confidence
Serves automotive/EV customers with high-performance engineering plastics and carbon-fiber composites via Advanced Solutions/Composites. Decided Dec 2024 to expand Kagawa Plant natural-graphite anode capacity for automotive Li-ion batteries (11,000 t/yr, on-stream Oct 2026).Mentions EN Mitsubishi Chemical Group Published May 13, 2025: Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS)
Pays to
- 나프타·원유 피드스톡 공급사 High confidence· input price 75,600 엔/KL · 나프타 평균가 FY2024(2025.3월기) · MCG results assumption
Core feedstock for Basic Materials & Polymers (petrochemicals, ¥972.4bn revenue) and MMA. FY2024 average naphtha price ¥75,600/KL, up from ¥65,000. The raw-material-to-product price gap drives segment profitability.Confirms KO AlphaBiz Published Aug 8, 2025: Mitsubishi Chemical (4188 JP): restructuring wrapped up, targeting ¥100bn chemicals profitConfirms EN Mitsubishi Chemical Group Published May 13, 2025: Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS) - 전력·연료 (에너지 집약 화학·공기분리 공정) Medium confidence
Ethylene cracking, MMA and air-separation (industrial gases) are energy-intensive. MCG is reshaping energy/structural costs via western-Japan ethylene carbon-neutral consolidation (three-way JV with Mitsui Chemicals & Asahi Kasei, MCG 45%) and coke-oven reductions.Mentions EN Hydrocarbon Processing Published May 27, 2026: Mitsubishi Chemical Group considers spinning off petrochemicals businessMentions EN Mitsubishi Chemical Group Published Aug 8, 2025: Consolidated Financial Results for Q1 FY ending March 31, 2026