Summary of Consolidated Financial Statements for the Third Quarter of theFiscal Year Ending March 31, 2004
These financial statements have been prepared for reference only in accordancewith accounting principles and practices generally accepted in Japan.

February 6, 2004

Mitsubishi Gas Chemical Co., Inc.
Stock exchange listings: Tokyo (1st section), Osaka
Mitsubishi Bldg., 5-2 Marunouchi 2-chome,(1st section), Nagoya
Chiyoda-ku, Tokyo 100-8324, Japan
Code number:
4182
http://www.mgc.co.jp
Representative: Hideki Odaka, President and Representative Director
Contact:
Yasuhiro Sato, General Manager, General Affairs & Corporate Communications
Phone: +81-3-3283-5041
1. Preparation of Quarterly Financial Information
Differences compared with accounting methods for net sales, operating
income and ordinary income used in most recent consolidated fiscal year:

No

2. Results for Third Quarter of the Fiscal Year Ending March 31, 2004
(April 1, 2003 - December 31, 2003)(Rounded down to the nearest million yen)
(1) Sales, Operating Income, and Ordinary Income
Net sales(¥ million)

Year-onyear change(%)

Operatingincome(¥ million)

Year-onyear change(%)

Ordinaryincome(¥ million)

Year-onyear change(%)(For reference)

Profit onequity
investment
7,465
—
5,697

Nine months ended 12/31/03
253,462—
7,724—
12,071—
Nine months ended 12/31/02——————(Ref.) Year ended 3/31/03
312,119
1,907
2,901
Notes:
1. Figures for net sales, operating income and ordinary income are cumulative from the beginning of the fiscal year to the end of thethird quarter.
2. The Company began disclosing quarterly financial information from the first quarter of this fiscal year. Therefore, results from thesame quarter in the previous fiscal year and year-on-year comparisons are not stated.

Supplementary Information on Net Sales, Operating Income and Ordinary Income
Overall cumulative results for the third quarter of the fiscal year ending March 31, 2004 (April 1, 2003 to December 31,2003) were generally favorable. Net sales were ¥253,462 million, operating income was ¥7,724 million, and ordinary
income was ¥12,071 million.
By segment, in the Chemical Products Group, despite the negative impact on earnings of the appreciation of the yen,demand for xylene-based products was firm. In addition, relatively high prices in the methanol market supported
favorable profit on equity investment, but the resulting increase in costs for methanol derivative products reduced theoperating profit margin. Demand was weak in the industrial chemical sector.
In the Advanced Materials Group, a recovery in demand supported sales of electronic materials, and sales ofengineering plastics were solid.

(2) Events That Had a Significant Impact on Financial Position or Results During the Period
None applicable1

3. Projected Consolidated Results for Fiscal 2003 (April 1, 2003 - March 31, 2004)
Results during the third quarter have generally conformed to projections, and the Company has not revised the projectedconsolidated results announced in the interim consolidated financial statements for the year ending March 31, 2004.
For reference: Projected Results for Fiscal 2003 (announced November 18, 2003)
Fiscal 2003

Net sales(¥ million)
332,000

Ordinary income(¥ million)
13,500Net income(¥ million)
9,000

Net income per share(¥)
19.46

Projected fiscal 2003 operating income: ¥10,000 million
Note: The projections above are formulated on the basis of information available to the Company’s management at the time thesematerials are released. Various factors could cause actual results to differ from the projected figures.

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