Mitsui Kagaku KK

Latest Results (14.08.2024):

Revenue Decline

Mitsui Kagaku KK reported a decrease in sales revenue for fiscal 2023, amounting to 1,749.7 billion yen, down by 129.8 billion yen or 6.9% compared to the previous fiscal year. This decline was primarily due to a reduction in sales volume driven by weak demand and the sale of subsidiaries.

Operating Income

Operating income before special items for Mitsui Kagaku KK in fiscal 2023 was 96.2 billion yen, a decrease of 17.7 billion yen or 15.5% year on year. The decline was attributed to lower sales volume and a decrease in the share of profit from investments accounted for using the equity method.

Net Income

Net income attributable to owners of the parent for Mitsui Kagaku KK in fiscal 2023 was 50.0 billion yen, a decrease of 32.9 billion yen or 39.7% compared to the previous fiscal year. This reduction was influenced by the lower operating income and the absence of gains from the sale of shares of subsidiaries recorded in the previous year.

Segment Performance

In the Basic & Green Materials segment, Mitsui Kagaku KK saw a significant decrease in sales revenue by 167.2 billion yen to 681.8 billion yen, accounting for 39% of total sales. The segment also reported an operating loss before special items of 10.3 billion yen, primarily due to reduced sales volume and a decline in inventory valuation gain.

Financial Position

As of the end of fiscal 2023, Mitsui Kagaku KK's total assets stood at 2,215.8 billion yen, an increase of 147.6 billion yen from the previous fiscal year-end. Total liabilities increased by 46.1 billion yen to 1,231.0 billion yen, while total equity rose by 101.5 billion yen to 984.8 billion yen, resulting in a net debt-equity ratio of 0.69.