Mitsui Chemicals

To Our Shareholders and Investors

  • Japanese

January 2018

On October 1, 2017, Mitsui Chemicals celebrated 20 years in business. Having reached this important milestone, I would like to take this opportunity to extend my sincere gratitude to all of our shareholders and investors for their support.

Record Earnings in the First Half of Fiscal 2017 for the Second Consecutive Year

In the first half of fiscal 2017, our earnings exceeded the initial plan and operating income reached ¥48.2 billion, achieving a record high for the second consecutive year. Despite some negative factors such as large-scale regular maintenance at major works, strong sales in the three growth domains of Mobility, Health Care, and Food & Packaging and the solid securing of revenues in the Basic Materials business contributed to the achievement of record income.

Buoyed by this strong performance, we set the interim dividend at ¥9 per share (up ¥4 from the first half of the previous fiscal year), an increase of ¥1 from the previously announced dividend. Moving forward, we will progressively target a total return ratio of 30% or more coupled with the acquisition of treasury stock based on our shareholder dividend policy that we reviewed in fiscal 2017.

With the long-term business plan toward fiscal 2025 having commenced, the Mitsui Chemicals Group has entered a new challenging stage where every single employee will rethink their various concepts and work-related initiatives and take up the challenge of achieving the established goals. We will make every effort to ensure the sustainable development of society and the Mitsui Chemicals Group by creating new customer value and helping resolve social challenges through our business activities.

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

Tsutomu Tannowa
President & CEO
December 2017

Mitsui Chemicals conducted a consolidation of shares at a rate of one share for every five shares of common stock on October 1, 2017, but the record date for interim dividends was September 30, 2017, one day before the consolidation of shares. Accordingly, amounts that do not take the consolidation of shares into account are stated here. If the impact of the consolidation of shares is taken into account, the interim dividend is ¥45 per share.

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,