To Our Shareholders and Investors

  • Japanese

June 2017

I would like to take this opportunity to thank all of our shareholders for their continued support and understanding.

Achieved Record High Earnings in Fiscal 2016 for the First Time in 10 Years

In fiscal 2016, the final year of our three-year Mid-Term Business Plan, we achieved record high operating income of \102.1 billion. Despite confronting extremely harsh conditions at the start of our Mid-Term Business Plan, we have remained committed to transforming our business portfolio, intensively expanding activities in the three growth Mobility, Health Care, and Food & Packaging domains, and restructuring the Basic Materials business. As a result, we reported a fourth consecutive period of operating earnings growth surpassing the previous record high operating income posted a decade ago.

Buoyed by this strong performance, we set the period-end dividend at ¥9 per share. This comprised a regular dividend of ¥7 per share and an additional ¥2 per share to commemorate our 20th anniversary. Together with the interim dividend, our annual dividend for fiscal 2016 came in at ¥14 per share. Moving forward, we will undertake a review of our shareholder dividend policy. Couple with the acquisition of treasury stock, we will progressively target a total return ratio of 30% or more.

2017 marks to 20th anniversary of the Company’s foundation in 1997. On this occasion, we have deliberated on those attributes and items that we must preserve at all costs as well as those features and matters that must be revised. Drawing from these deliberations, we put in place the 2025 Long-Term Business Plan, as an overarching vision to ensure that we realize our Corporate Mission. Unshackled by traditional frameworks, each and every employee will rethink their various concepts and work-related initiatives and unflinchingly take up the challenge of achieving established goals. Every effort will be made to ensure the sustainable development of society and the Mitsui Chemicals Group by creating new customer value and helping resolve social challenges through business activities.

As we endeavor to achieve our goals, I ask for the continued support and understanding of all shareholders and investors.

Tsutomu Tannowa
Representative Director
June 2017

Profile

Tsutomu Tannowa

Joined Mitsui Toatsu Chemicals in 1976. After having participated in construction of a chemical complex in Algeria, Tannowa went on to marketing and sales of basic chemicals. He was then asked to overhaul the company’s human resources where he set his sights on modifying the company’s codes and regulations. These efforts became a key part of the company’s “New” Mitsui Chemicals transformation.

Appointed as managing executive officer in 2010, Tannowa was responsible for overseeing all major business operations from 2012. In 2013, as senior managing executive officer, he became one of the moving forces in restructuring the company’s business operations and the compilation of the company’s 2014 Mid-Term Business Plan. Tannowa was appointed President and CEO of Mitsui Chemicals, Inc. as of April 1st 2014,

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