August 5, 2022
Company name: Mitsubishi Gas Chemical Company, Inc.
Representative: Masashi Fujii, Representative Director & President
Securities code: 4182 (The Prime Market of the Tokyo Stock Exchange)
Contact: Satoshi Takizawa, Manager, IR Department
TEL:+81-3-3283-5041

Revision of Business Performance Forecasts
In view of its recent performance, Mitsubishi Gas Chemical Company, Inc. (MGC) has revised the businessperformance forecasts published on May 12, 2022.
1. Revision of half-year consolidated performance forecasts for the fiscal year ending March 2023 (April 1, 2022
-September 30, 2022)
Consolidated business forecasts(Millions of yen)
ProfitNet sales

OperatingOrdinary

attributable

Basic earnings

profitprofitto owners ofper share (¥)

parentPrevious forecast (A)390,000

30,00039,00029,000140.58

Revised forecast (B)400,000

31,00041,00030,000145.67

Change (B - A)

10,000

1,000

2,000

1,000

Change (%)

2.6%

3.3%

5.1%

3.4%

335,881

30,03838,75928,188Results for the previous 1H(ended September 2021)

1135.50

2. Revision of full-year consolidated performance forecasts for the fiscal year ending March 2023 (April 1, 2022
-March 31, 2023)(1) Consolidated business forecasts(Millions of yen)
ProfitNet sales

Operating

Ordinary

attributable

Basic earnings

profitprofitto owners ofper share (¥)

parentPrevious forecast (A)800,000

61,50081,50061,000296.95

Revised forecast (B)810,000

62,50083,50062,000302.05

Change (B - A)

10,000

1,000

2,000

1,000

Change (%)

1.3%

1.6%

2.5%

1.6%

705,656

55,36074,152

48,295Results for the previous year
(ended March 2022)(2) Non-consolidated business forecasts

232.15(Millions of yen)

Net sales

Operating

Ordinaryprofit

profitNet profit

Basic earnings
per share (¥)

Previous forecast (A)480,000

28,50042,50036,500177.68

Revised forecast (B)490,000

26,00042,00037,000180.26

Change (B - A)

10,000(2,500)

(500)

500

Change (%)

2.1%(8.8%)(1.2%)

1.4%

427,927

32,364

46,11635,812

Results for the previous year
(ended March 2022)

172.15

3. Reasons for Revisions
With regard to consolidated operating results forecasts for the first half of the fiscal year ending March 31, 2023,
the MGC Group expects that sales volumes of optical polymers and BT materials for IC plastic packaging will fallshort of its initial forecasts and now projects higher prices for raw materials and fuel than estimated at thebeginning of the fiscal year. However, these negative factors are expected to be more than offset by thedepreciation of the yen, robust polyacetal sales and other positive factors that are expected to, in turn, lift netsales, as well as each profit indicator, to levels above previous forecasts.
In terms of full-year consolidated operating results forecasts, the Group similarly expects net sales, along witheach profit indicator, to surpass its previous forecasts as first-half profit is expected to exceed the previousforecast.

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As for full-year forecasts for non-consolidated operating results, although the Company expects net sales tosurpass its previous forecasts on the back of the depreciation of the yen and other positive factors, operating
profit and ordinary profit are likely to fall short of previous forecasts. This estimate is based on the expected
downturns in sales volumes of optical polymers and BT materials for IC plastic packaging and higher raw material
and fuel prices, both of which will similarly affect the Company’s full-year consolidated operating results.
The above forecasts assume exchange rates of ¥130=$1(a depreciation of ¥5 from the previous forecast) and¥135=€1(a depreciation of ¥5 from the previous forecast) for the remaining months of the fiscal year.
Note: The above forecasts are based on information currently available to MGC as of the date of theannouncement of this document. Actual operating results may vary due to various factors.
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