Mitsui Chemicals' stock rose to 2,320 yen on September 1, up 6% from the previous trading day. The company's operating profit for the first quarter of fiscal year ending March 2027 expanded to 48.4 billion yen, 3.8 times the year-ago level, reaching 58% of the full-year forecast of 83 billion yen. Revenue was 460 billion yen, up just over 10% year on year, but profit growth was significant, clearly showing improved profitability. However, the PBR is 0.96 times, below 1 time, and ROE is 4.0%, below the chemical industry median of 6.6%, indicating that profitability metrics still lag the industry average. The market is trying to determine whether this profitability improvement is sustainable, with next quarter's results being the focus.
Mitsui Chemicals, Inc.Q1 operating profit tripled to 48.4 billion yen, beating expectations and reaching 58% of full-year forecast.
