Mitsubishi Gas Chemical Q1 Profits Surge

Mitsubishi Gas Chemical Company (JP:4182) has released an update.

Mitsubishi Gas Chemical Company reported a modest increase in net sales by 0.6% and a significant rise in operating and ordinary profits by 153.3% and 155.6% respectively for the first quarter of 2024, despite a 40.9% drop in profits attributable to owners. The company’s total assets grew, maintaining an equity ratio of 61.6%, and they forecast a continued increase in operating and ordinary profits for the fiscal year ending March 2025, alongside a higher total dividend payout of 90 yen per share.

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