Today I will talk about Mitsubishi Chemical Holdings, which is responsible for group-wide strategy formulation, resource allocation, etc., as a holding company of functional products, materials and healthcare based on chemistry.
※The above images are from Mitsubishi Chemical Holdings’s website.
4188 Mitsubishi Chemical Holdings
With the following four affiliated companies listed below, Mitsubishi Chemical Holdings is a leading Japanese integrated chemical company with 550 consolidated subsidiaries.
￥725.4 （8/8 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 5.51% PER 6.13 PBR 0.76
Equity ratio 24.7%
Mitsubishi Chemical Corporation
Manufactures and sells functional products such as carbon fiber and composite materials.
Mitsubishi Tanabe Pharma
Manufactures and sells pharmaceuticals, mainly for medical use.
Life Science Institute, Inc.
Health and medical ICT, next generation healthcare, and drug discovery solutions.
Taiyo Nippon Sanso
Manufactures and sells industrial gas and related equipment.
Recently, in addition to promoting capital investment such as construction of overseas factories,
promoting consolidation and reduction of affiliated companies, it seems,it is a policy to promote selection and concentration of businesses that generate high profits.
With regard to the dividend policy, they will pay a stable dividend and set a medium-term target dividend payout ratio of 30%, so we can expect further dividend increases in the future.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
3,376,057 |
268,621 |
156,259 |
106.7 |
20 |
19% |
|
2018.3 |
3,724,406 |
355,711 |
211,788 |
147.1 |
32 |
22% |
|
2019.3 |
3,923,444 |
297,950 |
169,530 |
119.2 |
40 |
34% |
|
2020.3 |
4,080,000 |
300,000 |
168,000 |
118.3 |
40 |
34% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
4,155 |
3,979 |
|
CF investing activities |
▲8,950 |
▲3,359 |
|
CF financing activities |
5,190 |
▲1,505 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.