Interim Consolidated Financial Statements for the Fiscal Year Ended March 31, 2006
Mitsubishi Gas Chemical Co., Inc.
Head office location:
Tokyo
Representative: Hideki Odaka, President
Contact:
Yasuhiro Sato, General Manager
Corporate Communications Division(03)-3283-5041

Stock exchange listings:
Code number:
URL:
Board of Directors meeting:
American Accounting Standard:

November 15, 2005
Tokyo, Osaka, Nagoya
4182
http://www.mgc.co.jp/
November 15, 2005
Not applied

1. Interim Results for Fiscal 2005 (April 1, 2005 to September 30, 2005)(1)

Sales and Income
Net sales(¥ million)

Year-on-yearchange (%)

Ended Sep. 2005
Ended Sep. 2004

207,004
190,0618.9
15.6

Ended Mar. 2005

388,589

Ended Sep. 2005
Ended Sep. 2004

Note: All amounts are rounded down to the nearest million yen.
Operating income
Year-on-year
Ordinary income
Year-on-year(¥ million)change (%)(¥ million)change (%)
15,677
13,85913.1
209.7

20,642
17,27430,86837,726

Net income(¥ million)

Year-on-yearchange (%)

Earnings per share(¥)

Diluted earnings
per share (¥)

14,83811,752

26.2
97.5

32.09
25.41

-50.41-

Ended Mar. 2005
23,348Notes:
1. Equity method investment profit or loss:

Six months ended September 2005:
Six months ended September 2004:
Year ended March 2005:
Six months ended September 2005:
Six months ended September 2004:
Year ended March 2005

2. Average number of shares outstanding:

19.5
105.3

¥6,360 million¥5,399 million¥11,834 million
462,387,502 shares
462,538,369 shares
462,495,163 shares

3. Changes in accounting methods: Yes
4. Year-on-year changes for net sales, operating income, ordinary income, and net income are based on the previous interim period.

(2)

Financial Position
Total assets(¥ million)

Shareholders’ equity(¥ million)

Shareholders’ equity ratio(%)

Shareholders’ equity pershare (¥)

Ended Sep. 2005

518,495

222,96843.0

482.24

Ended Sep. 2004

485,353

191,360

39.4

413.75Ended Mar. 2005
494,577
203,306
41.1
Notes: Number of shares outstanding at end of period: Six months ended September 2005:
Six months ended September 2004:
Year ended March 2005:(3)

Cash Flow

Ended Sep. 2005
Ended Sep. 2004
Ended Mar. 2005

(4)

Net cash provided byoperating activities(¥ million)

Net cash used in investing
activities(¥ million)

Net cash used in financing
activities(¥ million)

Cash and cash equivalents at
end of period(¥ million)

5,461
6,332
29,119(5,915)(3,451)(15,629)(3,074)(8,296)(16,536)

25,69625,45528,696

Scope of Consolidation and Equity Method Application
Number of consolidated subsidiaries:
Number of unconsolidated subsidiaries accounted for by the equity method:
Number of affiliated companies accounted for by the equity method:(5)

439.60462,360,937 shares
462,509,511 shares
462,403,064 shares

29011

Changes in Scope of Consolidation and Equity Method Application
Consolidation
Equity method

(New)
(New)

10

(Eliminated)(Eliminated)00

2. Projected Results for Fiscal 2005 (April 1, 2005 to March 31, 2006)
Net sales(¥ million)
425,000

Ordinary income(¥ million)
41,500Fiscal 2005
Reference:
1. Estimated earnings per share for fiscal 2005:
2. Operating income for fiscal 2005:

Net income(¥ million)
27,500¥59.48¥32,500 million* The projected results are estimated by the company based on information currently available and, therefore, may be different from theactual results.

Interim Unconsolidated Financial Statements for the Fiscal Year Ended March 31, 2006
Mitsubishi Gas Chemical Co., Inc.
Head office location:
Tokyo
Representative: Hideki Odaka, President
Contact:
Yasuhiro Sato, General Manager
Corporate Communications Division(03)-3283-5041

Stock exchange listings:
Code number:
URL:
Interim Board of Directors meeting:Interim dividend system:
Interim dividend payment
Unit stock system:

November 15, 2005
Tokyo, Osaka, Nagoya
4182
http://www.mgc.co.jp/
November 15, 2005
YesDecember 7, 2005
Yes (1,000 stocks)

1. Interim Results for Fiscal 2005 (April 1, 2005 to September 30, 2005)(1)

Sales and Income
Net sales(¥ million)

Year-on-yearchange (%)

Ended Sep. 2005
Ended Sep. 2004

151,844
136,775

11.0
18.4

Ended Mar. 2005

281,679

Note: All amounts are rounded down to the nearest million yen.
Operating income
Year-on-year
Ordinary income
Year-on-year(¥ million)change (%)(¥ million)change (%)
9,043
6,832

32.4
-

18,393Year-on-yearchange (%)

Earnings per share(¥)

7,923
4,671

69.6
-

17.14
10.10

Ended Mar. 2005
10,448Notes:
1. Average number of shares outstanding:

46.5-

20,125

Net income(¥ million)
Ended Sep. 2005
Ended Sep. 2004

10,9687,487

22.59
Six months ended September 2005:
Six months ended September 2004:
Year ended March 2005

462,387,502 shares
462,538,369 shares
462,495,163 shares

3. Changes in accounting methods:
Yes
4. Year-on-year changes for net sales, operating income, ordinary income, and net income are based on the previous interim period.

(2)

Dividends
Interim cash dividends
per share (¥)

Annual cash dividends
per share (¥)

4.00-2.50-

6.00

Total assets(¥ million)

Shareholders’ equity(¥ million)

Shareholders’ equity ratio(%)

Shareholders’ equity pershare (¥)

Ended Sep. 2005

345,133

150,53143.6

325.57

Ended Sep. 2004

322,523

133,36141.3

288.34

Ended Sep. 2005
Ended Sep. 2004
Ended Mar. 2005

(3) Financial Position

Ended Mar. 2005
330,197
140,006
42.4
Notes:
1. Number of shares outstanding at end of period: Six months ended September 2005:
462,360,937 shares
Six months ended September 2004:
462,509,511 sharesYear ended March 2005:
462,403,064 shares
2. Number of own shares at end of period:
Six months ended September 2005:
21,117,461 shares
Six months ended September 2004:
20,968,887 sharesYear ended March 2005:
21,075,334 shares

302.78

2. Projected Results for Fiscal 2005 (April 1, 2005 to March 31, 2006)
Net sales(¥ million)
312,000

Ordinary income(¥ million)
22,500Fiscal 2005
Reference:
1. Estimated earnings per share for fiscal 2005:
2. Operating income for fiscal 2005:

Net income(¥ million)
14,000

Annual cash dividends per share (¥)
Year-end
4.00
8.00¥30.28¥19,000 million* The projected results are estimated by the company based on information currently available and, therefore, may be different from theactual results.