Mitsubishi Gas Chemical Company, Inc.
October 29, 2010

Differences from Business Forecasts (Consolidated and Non-consolidated) for theFirst Six-month Period of the Fiscal Year Ending March 2011 and Revision of Full-year
Business Forecasts
Mitsubishi Gas Chemical Co., Inc. (MGC) announced today that the consolidated andnon-consolidated results for the first six-month period of the fiscal year ending March 2011 include
differences from the forecasts announced on July 30, 2010.
In view of recent business developments, MGC has also revised the consolidated andnon-consolidated business forecasts for the full-year period ending March 2011, also announced
on July 30, 2010.
１．Differences between forecasts and results for the first six-month period of the fiscalyear ending March 31, 2011 (April 1 – September 30, 2010)(1) Consolidated results(In ¥ million)

Previously announced
forecasts (A)Net income
per share (¥)

Net sales

Operatingincome

Ordinary
incomeNet income

230,000

10,00013,000

7,000

15.49

227,054(2,945)(1.3)

12,616
2,616
26.2

17,276
4,276
32.9

6,392(607)(8.7)

14.14－－

180,770(1,101)(2,592)(2,433)(5.38)(announced July 30, 2010)

Results (B)Change (B – A)
Change (%)
Results for the same
previous period(ended September 30, 2009)(2) Non-consolidated results(In ¥ million)

Previously announced
forecasts (A)Net income
per share (¥)

Net sales

OperatingincomeOrdinary
incomeNet income

160,000

1,500

4,500

2,000

4.42

161,207
1,207
0.8

3,079
1,579
105.3

6,559
2,059
45.8

(718)
(2,718)－(1.57)－－

130,550(6,136)(3,656)(712)(1.58)(announced July 30, 2010)

Results (B)Change (B – A)
Change (%)
Results for the same
previous period(ended September 30, 2009)-1-２．Revision of business forecasts for the full-year period of the fiscal year ending March 31,
2011 (April 1, 2010 – March 31, 2011)(1) Consolidated forecasts(In ¥ million)

Previously announced
forecasts (A)Net income
per share (¥)

Net sales

Operatingincome

Ordinaryincome

Net income

460,000

20,00027,00017,00037.61

445,000(15,000)(3.3)

21,0001,000
5.0

30,000
3,000
11.1

15,000(2,000)(11.8)

33.18－－

384,528

4,090

7,365

5,827

12.89

(announced July 30, 2010)

Revised forecasts (B)Change (B – A)
Change (%)
Results for the same
previous period(ended March 31, 2010)(2) Non-consolidated forecasts(In ¥ million)

Previously announcedforecasts (A)Net income
per share (¥)

Net sales

OperatingincomeOrdinary
incomeNet income

330,000

6,000

11,500

8,000

17.70

330,000
0
0.0

7,500
1,500
25.0

14,000
2,500
21.7

5,000
(3,000)(37.5)

11.06－－

278,955(7,225)

307

4,578

10.13

(announced July 30, 2010)

Revised forecast (B)Change (B – A)
Change (%)
Results for the same
previous period(ended March 31, 2010)

３．Reasons for the revisions
The non-consolidated business performance for the first six-month period improved fromthe forecasts announced on July 30, 2010. This was due to factors such as increases in
Aromatic Chemicals Company sales volumes, reductions in raw material costs, and increases
in dividends received. The consolidated figures also surpassed the previous forecasts
because of improvements in non-consolidated figures and an increase in equity in earnings ofaffiliates.
However, both consolidated and non-consolidated net incomes for the first six-month period
were lower than the corresponding previous forecasts due to the inclusion of ¥6,444 million inlosses on appraisal of investments in securities as an extraordinary loss.
For the full-year period, both operating and ordinary incomes are expected to surpass thecorresponding previous forecasts. During the second six-month period, however, MGC
anticipates declines in profitability as a result of the strong yen, reductions in the sales
volumes of materials for semiconductors and liquid crystals, and reductions in equity inearnings of affiliates due to declining methanol sales prices. It is, therefore, expected that-2-earnings for the second six-month period will be lower than those for the first six months. Inaddition, both consolidated and non-consolidated net income figures will fall short of theprevious forecasts due to the inclusion of losses on appraisal of investments in securities
posted at the end of the second quarter.
Note: Interim appraisals for securities employ the laundering method.

Forecasts in this document are based on information available at the current time. Actual results may
differ significantly due to a variety of factors.

For further information please contact:
Corporate Communications Division
Mitsubishi Gas Chemical Company, Inc.
Telephone: +81-3-3283-5041
Facsimile: +81-3-3287-0833-3-