Interim Consolidated Financial Statements for the Fiscal Year Ended March 31, 2002
November 22, 2001
Stock exchange listings:
Code number:Interim Board of Directors meeting:
American Accounting Standard

Mitsubishi Gas Chemical Co., Inc.
Head office location: Tokyo
Contact:
Jin Hata
General Manager
Public & Investor Relations Division(03)-3283-5041

Tokyo, Osaka, Nagoya
4182
November 22, 2001
Not applied

1. Interim Results for Fiscal 2001 (April 1, 2001 to September 30, 2001)(1)

Sales and Income

Ended Sep. 2001
Ended Sep. 2000
Ended Mar. 2001

Net sales(¥ million)
139,092
155,981
323,075
Net income(¥ million)

Year-on-yearchange (%)-10.8
Year-on-yearchange (%)

Ended Sep. 2001
1,096
-46.8
Ended Sep. 2000
2,062
Ended Mar. 2001
7,285
Notes:
1. Equity method investment profit or loss:

2. Average number of shares outstanding: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 (%)-3,839
-365
5,439
4,707
12,178
13,633
Earnings pershare (¥)
2.27
4.26
15.07

Dilutedearnings pershare (¥)
15.02

Six months ended September 2001:
Six months ended September 2000:
Year ended March 2001:
Six months ended September 2001:
Six months ended September 2000:
Year ended March 2001:¥5,203 million¥750 million¥4,628 million
483,476,650 shares
483,642,430 shares
483,559,615 shares

3. Changes in accounting methods:
No
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
Shareholders’ equity
Shareholders’ equity ratio
Shareholders’ equity per(¥ million)(¥ million)(%)
share (¥)
Ended Sep. 2001
467,237
180,34538.6
373.02Ended Sep. 2000
470,883
166,63835.4
344.66
Ended Mar. 2001
486,970
175,28036.0
362.54
Notes: Number of shares outstanding at end of period:
Six months ended September 2001:
483,478,031 shares
Six months ended September 2000:
483,475,015 sharesYear ended March 2001:
483,476,052 shares(3)

Cash Flow

Ended Sep. 2001
Ended Sep. 2000
Ended Mar. 2001

(4)

Net cash provided byoperating activities(¥ million)
4,780
5,793
15,562

Net cash used in investing
activities(¥ million)
2,148
6,170
-12,398

Net cash used in financing
activities(¥ million)-8,211-18,701-12,622

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)27011Changes in Scope of Consolidation and Equity Method Application
Consolidation
Equity method

(New)
(New)

00(Eliminated) 0(Eliminated) 0

2. Projected Results for Fiscal 2001 (April 1, 2001 to March 31, 2002)
Net sales
Ordinary income(¥ million)(¥ million)
Fiscal 2001
280,000-1,500
Reference: Estimated earnings per share for fiscal 2001:Net income(¥ million)-700¥-1.45

Cash and cash equivalents atend of period(¥ million)
30,36434,71531,644

Interim Unconsolidated Financial Statements for the Fiscal Year Ended March 31, 2002
November 22, 2001
Stock exchange listings (section):
Code number:Interim Board of Directors meeting:Interim dividend payment:Interim dividend system:
Unit stock system

Mitsubishi Gas Chemical Co., Inc.
Head office location: Tokyo
Contact:
Jin Hata
General Manager
Public & Investor Relations Division(03)-3283-5041

Tokyo, Osaka, Nagoya
4182
November 22, 2001
December 10, 2001
Yes
Yes (1,000 stocks)

1. Interim Results for Fiscal 2001 (April 1, 2001 to September 30, 2001)(1)

Sales and Income

Ended Sep. 2001
Ended Sep. 2000
Ended Mar. 2001

Net sales(¥ million)
99,228112,018
228,817

Year-on-yearchange (%)
-11.4
10.1
-Net income(¥ million)
-243
607
2,355

Ended Sept. 2001
Ended Sept. 2000
Ended Mar. 2001
Notes:
1. Average number of shares outstanding: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 (%)-2,430-1,601
978440
-58.5
5,060
4,593
-

Year-on-year change(%)-24.2-Earnings per share
(¥)
-0.50
1.26
4.87

For the period ended September 2001, average
number of shares outstanding and number ofshares outstanding at the end of the period are
deducted by the number of own shares.

Six months ended September 2001:
Six months September 2000:
Year ended March 2001:

483,476,650 shares
483,645,065 shares
483,561,731 shares

2. Changes in accounting methods:
No
3. Year-on-year changes for net sales, operating income, ordinary income, and net income are based on the previous interim period.

(2)

Dividends

Ended Sep. 2001
Ended Sep. 2000
Ended Mar. 2001

(3)

Interim cash dividends Annual cash dividends
per share (¥)
per share (¥)
1.50
1.50
4.00

Financial Position
Total assets(¥ million)
319,086
342,371
340,901

Ended Sep. 2001
Ended Sep. 2000
Ended Mar. 2001
Notes:
1. Number of shares outstanding at end of period:

2. Number of own shares at end of period:

Shareholders’ equity(¥ million)
134,025
131,281
132,303

Shareholders’ equity ratio(%)
42.0
38.3
38.8

Six months ended September 2001:
Six months ended September 2000:
Year ended March 2001:
Six months ended September 2001:

Shareholders’ equity pershare (¥)
277.21271.53273.65

483,478,031 shares
483,478,398 shares
483,478,398 shares
367 shares

2. Projected Results for Fiscal 2001 (April 1, 2001 to March 31, 2002)
Net sales
Ordinary income(¥ million)(¥ million)
Fiscal 2001
200,0000
Reference: Estimated earnings per share for fiscal 2001:Net income(¥ million)
500
¥1.03

Annual cash dividends per share (¥)
Year-end
1.50
3.00