Mitsui Chemicals

To Our Shareholders and Investors

  • Japanese

June 2018

I would like to express my sincere gratitude to all of our shareholders for their continued support.

Record Earnings in Fiscal 2017 for the Second Consecutive Year

Mitsui Chemicals celebrated 20 years in business in fiscal 2017, which also marked the first year of the long-term business plan. In this milestone year, operating income reached ¥103.5 billion yen, achieving a record high for the second consecutive year, as well as an increase in income for the fifth straight year.

Taking this encouraging performance into consideration, the Company set the year-end dividend at ¥45 per share, an increase of ¥5 from the previously announced dividend. The annual dividend of ¥90 per share is the result of efforts to achieve higher dividends, which have risen for the fourth consecutive year, coupled with the acquisition of treasury stock worth approximately 5.0 billion yen in the second half. The Company will continue to strive to enhance returns for shareholders.

Looking globally, dramatic changes such as innovations in automobile technologies and evolutions in IoT and AI are taking place. At the same time, initiatives need to be taken to deal with global issues such as climate change, energy and the shortage of food and water, not to mention the Sustainable Development Goals adopted by the United Nations. I believe that the power of chemical technologies will definitely be needed in this age of change.

The Mitsui Chemicals Group will is committed to the sustainable development of society and the Group by creating new customer value and helping to resolve social challenges through its business activities.

I respectfully ask for the continued support and cooperation of all shareholders.

Tsutomu Tannowa
President & CEO
June 2018

On October 1, 2017, Mitsui Chemicals conducted a consolidation of shares at a rate of one share for every five shares of common stock. The annual dividend of ¥90 was calculated, factoring in the impact of the consolidation of shares on interim dividends.

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,