Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsui Chemicals, Inc.
Ticker 4183 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-22 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 40.2%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio40.2%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
三井化学株式会社 is a Japanese listed company. Its reportable segments include Basic Green Materials, Life Healthcare Solutions, Mobility Solutions, ICTSolutions.
- Basic Green Materials
- Life Healthcare Solutions
- Mobility Solutions
- ICTSolutions
- Operating Segments Not Included In
- Disclosure Of Changes In
Segments Basic Green Materials · Life Healthcare Solutions · Mobility Solutions · ICTSolutions · Operating Segments Not Included In · Disclosure Of Changes In
Compare trends
No phone/email found in this filing · Filing date 2026-06-22
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥388.3B | ¥380.5B |
| Operating profit (loss) | ¥78.3B | ¥73.8B |
| Finance income | ¥8.0B | ¥11.2B |
| Finance costs | ¥14.7B | ¥16.4B |
| Income tax expense | ¥29.0B | ¥21.7B |
| Profit (loss) | ¥42.6B | ¥46.9B |
| Profit (loss) attributable to owners | ¥32.2B | ¥34.4B |
| Basic EPS (¥) | 85.28 | 91.62 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥170.6B | ¥183.1B |
| Current assets | ¥1.0T | ¥993.2B |
| Non-current assets | ¥1.1T | ¥1.2T |
| Total assets | ¥2.2T | ¥2.2T |
| Short-term borrowings | — | — |
| Current liabilities | ¥605.9B | ¥591.1B |
| Non-current liabilities* | ¥577.4B | ¥571.8B |
| Total liabilities | ¥1.2T | ¥1.2T |
| Equity attributable to owners | ¥848.3B | ¥864.7B |
| Total equity | ¥970.6B | ¥988.8B |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥200.5B | ¥213.0B |
| Cash flows from investing activities | -¥165.0B | -¥134.8B |
| Cash flows from financing activities | -¥74.4B | -¥75.9B |
| Net increase (decrease) in cash | -¥39.7B | ¥12.5B |
| Cash at end of period | ¥170.6B | ¥183.1B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.6T | ¥1.9T | ¥1.7T | ¥1.8T | ¥1.7T | |
| Operating profit | — | — | — | ¥78.3B | ¥73.8B | |
| Profit to owners | ¥110.0B | ¥82.9B | ¥50.0B | ¥32.2B | ¥34.4B | |
| Total assets | ¥1.9T | ¥2.1T | ¥2.2T | ¥2.2T | ¥2.2T | |
| Cash & equivalents | ¥181.2B | ¥186.3B | ¥210.3B | ¥170.6B | ¥183.1B | |
| Owners’ equity | ¥712.7B | ¥786.8B | ¥862.9B | ¥848.3B | ¥864.7B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥388.3B to ¥380.5B, while operating profit swung from ¥78.3B to ¥73.8B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥213.0B (prior ¥200.5B), and cash on the balance sheet rose to ¥183.1B from ¥170.6B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥1.2T while owners’ equity fell to ¥864.7B. ROE moved from 3.8% to 4.0%, and the equity ratio from 39.4% to 40.2%. Employee count is 16,967 vs 17,320 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YGUI
(三井化学株式会社), period end 2026-03-31.