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Mitsubishi Chemical Holdings ( (JP:4188) ) has provided an announcement.
Mitsubishi Chemical Group Corporation will withdraw from its coke and carbon materials (needle coke, pitch coke) business, a segment within the coal operations of subsidiary Mitsubishi Chemical Corporation, following a prolonged slump in the overseas coke market driven by weak steel demand and oversupply from China and new Indonesian capacity. The decision, which affects operations at the Kagawa Plant but excludes pitch-based carbon fibers and anode materials, reflects a strategic portfolio shift away from structurally unprofitable coal-related activities, with production scheduled to end in the second half of fiscal 2027 and around 600 employees to be covered by support measures. The group expects to book approximately ¥85 billion in total non-recurring losses tied to impairment, equipment removal and employee support costs, with ¥19 billion recognized as extraordinary losses in the third quarter and roughly ¥66 billion estimated for the fourth quarter of the fiscal year ending March 2026, and will revise its full-year earnings forecast once the financial impact is fully assessed.
The most recent analyst rating on (JP:4188) stock is a Buy with a Yen1132.00 price target. To see the full list of analyst forecasts on Mitsubishi Chemical Holdings stock, see the JP:4188 Stock Forecast page.
More about Mitsubishi Chemical Holdings
Mitsubishi Chemical Group Corporation, listed on the Prime Market of the Tokyo Stock Exchange, operates through its core subsidiary Mitsubishi Chemical Corporation, which is engaged in performance products, industrial materials and related businesses. The group has been reshaping its portfolio under its long-term KAITEKI Vision 35 and Medium-Term Management Plan 2029, aiming to build a more resilient, less commodity- and coal-dependent business structure amid challenging global market conditions, particularly in steel-related and coal-linked segments.
YTD Price Performance: 11.46%
Average Trading Volume: 5,191,062
Technical Sentiment Signal: Buy
Current Market Cap: Yen1349.8B
For a thorough assessment of 4188 stock, go to TipRanks’ Stock Analysis page.