三井化学：2027财年第一季度业绩初步印象：三大增长领域均超预期，前景乐观

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M

Update

August 5, 2026 04:55 AM GMT

Mitsui Chemicals (4183) | Japan

Morgan Stanley MUFG Securities Co., Ltd.+

Takato Watabe

Equity Analyst

F3/27 1Q Results 1st Impression:

Upbeat as Three Growth

Domains All Top Expectations

Ryoichi Watanabe

Equity Analyst

Kayoko Shoji

Research Associate

Kano Fujita

Research Associate

1Q earnings top our estimates, consensus: Mitsui Chemicals announced results at

13:00 JST. F3/27 1Q core OP was +88% YoY at ¥50.1bn, somewhat above our

¥42.0bn estimate (FactSet consensus: ¥36.2bn). Earnings topped our estimates

across the board, with Mobility the largest overshoot. The firm disclosed F3/27 1H

OP guidance, calling for core OP +71% YoY at ¥76.0bn (our estimate: ¥55.0bn;

FactSet consensus: ¥54.0bn). Full-F3/27 guidance was left unchanged. We will

Mitsui Chemicals (4183.T, 4183 JT)

report further details following the online results briefing at 16:00 JST today. We

Petrochemical Majors | Japan

see positive implications for the share price.

Stock Rating

Industry View

Price target

Shr price, close (Aug 4, 2026)

Mkt cap, curr, basic (bn)

Avg daily trading value (bn)

Related reports:

Overweight

Attractive

¥2,900

¥2,098

¥789.8

¥5.5

Petrochemical Majors: FY26 Apr–Jun Results Preview: Expect Consensus Overshoot

(Jul 23, 2026)

Mitsui Chemicals: Visit to Korean MDI JV: Confirming Drivers of Competitiveness and

High Profitability (Jul 6, 2026)

Mitsui Chemicals: F3/29 Core OP to Approach Record High (Jul 2, 2026)

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