Mitsubishi Chemical Group Corp (TSE:4188)
円 812.8 5.7 (0.71%) Market Cap: 1.16 Til Enterprise Value: 2.98 Til PE Ratio: 10.06 PB Ratio: 0.66 GF Score: 79/100
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Mitsubishi Chemical Holdings Corp Medium-Term Management Plan APTSIS 20 Investor Meeting Transcript

Feb 12, 2020 / NTS GMT
Release Date Price: 円783.2 (-1.39%)
Hitoshi Ochi
Mitsubishi Chemical Holdings Corporation - Representative Corporate Executive Officer, President, CEO & Representative Director

Good afternoon. This is Hitoshi Ochi, President and CEO of Mitsubishi Chemical Holdings Corporation or MCHC. Thank you for joining us for this briefing.

Today, I'd like to discuss progress made so far with regard to the medium-term management plan and our view going forward.

Today's agenda is as shown on the slide. First, operating results. The operating income forecast for FY 2019 is JPY 210 billion. Given the current business environment as well as other factors, achieving our target for FY 2020 appears very challenging. Against that backdrop, our job now is to make sure that we build a solid foundation for the years beyond.

The current situation reminds us of years 2011 to 2012, when China's new normal began. Back then, the Chinese GDP growth fell from double digits to less than 8%. Our operating income from MMA fell from about JPY 45 billion to JPY 6 billion. Similarly, this time, the figure is falling from JPY 100 billion to several

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