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「Mitsui Chemicals, Inc. (三井化学)」is a general chemical company affiliated with the Mitsui Group. Since its establishment in Yamaguchi Prefecture for the first time, the company has been continuously expanding its business. In 1997, they merged「Mitsui Toatsu Kagaku Kabushiki Kaisha(三井東圧化学)」and「Mitsui Sekiyu Kagaku(三井石油化学)」and through this merger, the current form of「Mitsui Chemicals」was established. Their Sales are the third largest in Japan, after「Sumitomo Chemical(住友化学)」and「Mitsubishi Chemical(三菱ケミカル)」. The number of consolidated employees is about 17,743.
1. Company Profile
2. Summary and Features
3. Major Business
4. Financial Information
1. Company Profile
※Unit is JPY million, as of 2019
Company name |
Mitsui Chemicals, Inc. |
Company name (Japanese) |
三井化学 |
Date of establishment |
Wednesday, October 1, 1997 |
Headquarters location |
〒105-7122 東京都港区東新橋一丁目5番2号 |
Capital |
125,125 |
Consolidated sales |
1,482,909 |
Consolidated operating profit |
93,427 |
Consolidated total assets |
1,501,074 |
Consolidated capital |
631,739 |
Capital adequacy ratio |
42.1% |
Consolidated number of employees |
17,743 |
2. Summary and Features
「Mitsui Chemicals」is a general chemical company with a history of 108 years. Their overseas sales account for 44% of total sales, which is characterized by global expansion mainly in Asia. It is the third largest general chemical company in Japan and has a relatively high petrochemical business ratio. In addition, their business structure is consisted of mainly for general-purpose chemical products and materials for automobiles, this let them have stable profits.
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「Mitsui Chemicals」has four business divisions: Core Materials, Food & Packaging, Healthcare, and Mobility, so they suppliy a variety of essential raw materials to the market, whether for industrial or general use. In particular, they have reputation with unique healthcare products and their polymer-based products are also highly regarded as well utilizing Mitsui Chemicals' unique know-how.
In addition, 「Mitsui Chemicals」 also produces eyeglass lenses. Mitsui Chemicals' plastic lenses boast the world's highest refractive index, and have an overwhelming market share in the high refractive index lens material market in Japan. And they can also handle Elastomer products for car weight reduction.
The sales of 「Mitsui Chemicals」have one feature that the sales of basic materials such as phenol and acetone are comparatively high. In other words, most of the sales are made from petroleum processing materials, so their margin tends to be directly affected by oil price. Besides, some of their functional resin products have the world's top market share, which is a considerable strength, but it also has a disadvantage that profitability is poor because the sales ratio of general-purpose chemical products is also high. Of course, Mitsui Chemicals side is also aware of this problem in profitability. Therefore, they are promoting business diversification and stabilization.
3. Major Business
■ Mobility business
Elastomers, functional compounds, functional polymers
■ Healthcare business
Health care materials, personal care materials, non-woven fabrics
■ Food & Packaging Business
Coating and functional materials, packaging films, industrial films, functional sheets, agricultural chemicals
■ Core Materials Business
Phenol, PTA / PET, industrial chemicals, polyurethane materials, petrochemical materials, license
4. Financial information
※Unit is JPY million
|
2016 |
2017 |
2018 |
|
Consolidated sales |
1,212,282 |
1,328,526 |
1,482,909 |
|
Consolidated operating profit |
102,149 |
103,491 |
93,427 |
|
Consolidated total assets |
1,325,525 |
1,444,104 |
1,501,074 |
|
Consolidated net assets |
514,635 |
586,604 |
631,739 |
|
Breakdown of sales |
Mobility business |
293,283 |
331,038 |
395,365 |
Healthcare business |
134,198 |
139,120 |
146,598 |
|
Food & Packaging Business |
182,468 |
195,840 |
199,435 |
|
Core Materials Business |
565,617 |
637,700 |
716,524 |
|
Others |
36,716 |
24,828 |
24,987 |
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