August 6, 2021
MITSUBISHI GAS CHEMICAL COMPANY, INC.

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 11, 2021.
1. Revision of half-year consolidated performance forecasts for the fiscal year ending March 2022 (April 1, 2021September 30, 2021)
Consolidated business forecasts(In millions of yen)
Net income
Net sales

Operating

Ordinary

attributable

Net income

profitprofitto owners ofper share (¥)

the parent
Previous forecast (A)310,000

22,00026,00019,00091.34

Revised forecast (B)330,000

24,00031,00023,000110.56

Change (B-A)

20,000

2,000

5,000

4,000

Change (%)

6.5

9.1

19.2

21.1

266,637

14,370

16,541

14,255Results for the previous 1H(ending September 2020)

68.54

2. Revision of full-year consolidated performance forecasts for the fiscal year ending March 2022 (April 1, 2021March 31, 2022)(1) Consolidated business forecasts(In millions of yen)
Net income

Net sales

Operating

Ordinary

attributable

Net income

incomeincometo owners ofper share (¥)

the parent
Previous forecast (A)640,000

48,00056,000

41,000197.10

Revised forecast (B)660,000

50,00061,00045,000216.31

Change (B - A)

20,000

2,000

5,000

4,000

Change (%)

3.1

4.2

8.9

9.8

595,718

44,51050,24036,070Results for the previous year
(ending March 2021)

1

173.41

(2) Non-consolidated business forecasts
Net sales

Operating

Ordinary

incomeincomeNet income

Net income
per share (¥)

Previous forecast (A)380,000

25,00034,00028,000134.61

Revised forecast (B)400,000

30,00039,00030,000144.20Change (B - A)

20,000

5,000

5,000

2,000

Change (%)

5.3%

20.0%

14.7%7.1%

344,898

19,101

26,44323,966

Results for the previous year
(ending March 2021)

3.

(In millions of yen)

115.22

Reasons for Revisions

With regard to the MGC Group’s forecasts for first-half consolidated operating results for the fiscal year ending
March 31, 2022, the Group anticipates robust net sales and operating income in excess of previous forecasts, despite
an expected rise in raw material and fuel prices and a projection that optical polymer sales volume will fall short ofestimates at the beginning of the fiscal year due mainly to the prolongation of inventory adjustment carried out bycustomers. The above forecasts for net sales and operating income are primarily attributable to expected upturns
in market prices of Group products as well as in sales volumes of BT materials for semiconductor packaging, metaxylenediamine (MXDA) and other offerings. Ordinary income and net income attributable to owners of the parent aresimilarly expected to surpass the previous forecasts due primarily to higher operating income and expected growthin equity in earnings of affiliates related to engineering plastics.
As for full-year consolidated operating results forecasts, the Group expects net sales to exceed previous forecasts,
with each profit indicator likewise expected to be higher than initially estimated, as first-half performance is likely tosurpass previous forecasts.
In terms of its full-year forecasts for non-consolidated operating results, the Group has upwardly revised its
previous forecasts as it similarly expects first-half non-consolidated profit to surpass the previous forecasts due tothe positive factors described above.
The above forecasts assume exchange rates of ¥108=$1(a depreciation of ¥3 from the previous forecast) and ¥130=€1(unchanged 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 the announcementof this document. Actual operating results may vary due to various factors.
END

Investor Relations Department MITSUBISHI GAS CHEMICAL COMPANY, INC.
TEL: +81-3-3283-5041 https://www.mgc.co.jp/eng/2