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Mitsubishi Chemical posts strong net income gain

Mitsubishi Chemical Holdings Corp. reported a 35.53% increase in net income attributable to owners of the parent for full fiscal year 2017 to ¥211.79 billion, from ¥156.26 billion in 2016.

Earnings per share for the fiscal year came in at ¥136.06, up from ¥105.95 last year.

Sales revenue rose to ¥3.724 trillion, from ¥3.376 trillion.

Operating income for the fiscal year rose to ¥355.71 billion from ¥268.62 billion a year ago. Earnings before taxes were ¥344.08 billion, up from ¥258.34 billion.

For fiscal year 2018, the company expects net income attributable to owners of the parent to be ¥184.0 billion. Sales revenue is projected to be ¥3.930 trillion.

As of May 10, US$1 was equivalent to ¥109.58.