Eight Chemical Industry Power Players Combine to Post Record High in Operating Income for FY2021

摘要

Japan’s eight major chemical companies have released their consolidated results for fiscal 2021, with total operating income-or core operating income in the case of Mitsubishi Chemical Holdings Corp. (MCHC; TYO:4188), Sumitomo Chemical Co. Ltd. (TYO:4005) and Mitsui Chemicals Inc. (TYO:4183)-amounting to a record high of 1.82 trillion yen (ff14.09 billion). Things do not look quite as optimistic for fiscal 2022, however, with three of the six companies to put out forecasts for the year anticipating a decline in operating income.