Consolidated Financial Statements for the Fiscal Year Ended March 31, 2000
May 26, 2000
Stock exchange listings:
Code number:
Board of Directors meeting:

Mitsubishi Gas Chemical Co., Inc.
Head office location: Tokyo
Contact:
Kunisuke Usuda
General Manager
Public Relations Department(03)-3283-5041

Tokyo, Osaka, Nagoya
4182
May 26, 2000

1. Results for Fiscal 1999 (April 1, 1999 to March 31, 2000)(1)

Sales and Income

Ended Mar. 2000
Ended Mar. 1999

Net sales(¥ million)
289,531
286,471
Net income(¥ million)

Year-on-yearchange (%)
1.1-8.0
Year-on-yearchange (%)

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 (%)
5,293-30.6
7,332-29.8
7,622-56.7
10,444-30.0
Earnings per
share (¥)

Ended Mar. 2000
4,172-38.2
Ended Mar. 1999
6,754
6.4
Notes:
1. Equity method investment profit or loss:

8.40
13.55

Return on
equity (%)

Dilutedearnings per
share (¥)
8.39
13.51

2.4
4.0

Ordinary
income on totalassets (%)
1.5
2.2

Ordinary
income to netsales (%)
2.5
3.6

Year ended March 2000: ¥1,322 million
Year ended March 1999: ¥3,096 million
2. Securities profit or loss from valuation: ¥25,214 million
Derivatives profit or loss from valuation: -¥137 million
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 fiscal year.

(2)

Financial Position

Ended Mar. 2000
Ended Mar. 1999

(3)

Shareholders’ equity(¥ million)
172,718
172,057

Shareholders’ equity ratio
(%)
35.9
36.2

Shareholders’ equity pershare (¥)
355.77345.07

Net cash provided byoperating activities(¥ million)
16,697-

Net cash used in investingactivities(¥ million)-17,824-

Net cash used in financingactivities(¥ million)-7,467-

Cash and cash equivalents at
end of period(¥ million)
42,007-

Cash Flow

Ended Mar. 2000
Ended Mar. 1999

(4)

Total assets(¥ million)
481,030
475,834

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)

250
12Changes in Scope of Consolidation and Equity Method Application
Consolidation
Equity method(New)
3(Eliminated) 2(New)
1(Eliminated) 1

2. Projected Results for Fiscal 2000 (April 1, 2000 to March 31, 2001)
Net sales
Ordinary income(¥ million)(¥ million)
Interim period
153,000
3,000
Fiscal 2000
310,000
10,000
Reference: Estimated earnings per share for fiscal 2000:

Net income(¥ million)
500
4,600
¥9.48

Unconsolidated Financial Statements for the Fiscal Year Ended March 31, 2000
May 26, 2000
Stock exchange listings:
Code number:
Board of Directors meeting:General Meeting of Shareholders:Interim dividend system:

Mitsubishi Gas Chemical Co., Inc.
Head office location: Tokyo
Contact:
Kunisuke Usuda
General Manager
Public Relations Department(03)-3283-5041

Tokyo, Osaka, Nagoya
4182
May 26, 2000
June 29, 2000
Yes

1. Results for Fiscal 1999 (April 1, 1999 to March 31, 2000)(1)

Sales and Income

Ended Mar. 2000
Ended Mar. 1999

Net sales(¥ million)

Year-on-yearchange (%)

209,503
207,4141.0-7.2

Net income(¥ million)

Year-on-yearchange (%)

Ended Mar. 2000
2,458
103.2
Ended Mar. 1999
1,209
-67.0Notes:
1. Average number of shares outstanding:Note: All amounts are rounded down to the nearest million yen.
Year-on-year
Ordinary income
Year-on-year
Operatingchange (%)(¥ million)change (%)
income(¥ million)
166
-87.4
3,843
-2.7
1,320
-82.8
3,949
-60.6
Earnings per
share (¥)

Dilutedearnings per
share (¥)
-4.95
2.43

Return onequity (%)
1.9
0.9

Ordinary
income on total
assets (%)
1.1
1.1

Ordinary
income to net
sales (%)
1.8
1.9

Year ended March 2000: 496,954,065 sharesYear ended March 1999: 498,622,398 shares

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

(2)

Dividends

Ended Mar. 2000
Ended Mar. 1999

(3)

Annual cash dividends per share (¥)
InterimYear-end
5.00
2.50
2.50
5.00
2.50
2.50

Total annual cash
dividends (¥ million)
2,460
2,493

Payout ratio
(%)
100.1
206.1

Dividends on equity (%)
1.9
1.8

Financial Position

Total assets
Shareholders’ equity
Shareholders’ equity ratio
Shareholders’ equity per(¥ million)(¥ million)(%)
share (¥)
Ended Mar. 2000
353,708
132,42737.4
272.78Ended Mar. 1999
353,888
136,506
38.6
273.77
Notes: Number of shares outstanding at end of period:
Year ended March 2000: 485,478,398 sharesYear ended March 1999: 498,622,398 shares

2. Projected Results for Fiscal 2000 (April 1, 2000 to March 31, 2001)
Net sales
Ordinary income(¥ million)(¥ million)
Interim period
108,000
500
Fiscal 2000
220,000
4,500
Reference: Estimated earnings per share for fiscal 2000:Net income(¥ million)
500
3,000
¥6.18

Annual cash dividends per share (¥)
InterimYear-end
0.00 – 2.50
2.50 – 5.00
2.50 – 5.00