{"slug":"mitsubishi-chemical-holdings","name":"미쓰비시케미컬그룹","name_en":"Mitsubishi Chemical Holdings","ticker":"4188.T","updated_at":"2026-09-24T11:12:49.510087+00:00","canonical":"https://valuechain.wiki/mitsubishi-chemical-holdings","citable":"밸류체인 그래프 기준 미쓰비시케미컬그룹의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 2)이고, 사슬을 2차까지 넓히면 7곳에 닿는다. 링크의 근거 출처는 8건이며 그중 1차공시가 3건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, Mitsubishi Chemical Holdings is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 7 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-09-24).","kicker":"종합화학 · 반도체·디스플레이 소재 · 산업가스·석유화학","kicker_en":"Diversified chemicals · Semiconductor & display materials · Industrial gases & petrochemicals","lead":"일본 최대 종합화학 그룹으로 스페셜티 머티리얼즈(반도체·디스플레이 소재), 산업가스, 기초소재·폴리머(석유화학), MMA 4개 부문을 운영한다. 반도체 시장 확대에 맞춰 EUV·ArF 포토레지스트, 초순수 이온교환수지, 정밀세정, 합성실리카를 증설하는 한편, 적자 석유화학은 분사·통합을 추진하고 제약(미쓰비시타나베)은 매각한다. 닛케이 225 구성종목.","lead_en":"Japan's largest diversified chemical group, running four segments: Specialty Materials (semiconductor and display materials), Industrial Gases, Basic Materials & Polymers (petrochemicals) and MMA. It is expanding EUV/ArF photoresists, ultrapure-water resins, precision cleaning and synthetic silica for the growing semiconductor market, while spinning off and consolidating loss-making petrochemicals and divesting pharma (Mitsubishi Tanabe). Nikkei 225 constituent.","categories":[{"key":"industrial-gases","ko":"산업·특수가스","en":"Industrial & Specialty Gases","theme":"materials-chemicals","theme_ko":"산업 소재·화학","theme_en":"Industrial Materials & Chemicals","theme_kind":"sector","primary":true},{"key":"general-chemicals","ko":"종합·특수화학","en":"Diversified & Specialty Chemicals","theme":"materials-chemicals","theme_ko":"산업 소재·화학","theme_en":"Industrial Materials & Chemicals","theme_kind":"sector","primary":false},{"key":"electronic-materials","ko":"전자 소재","en":"Electronic Materials","theme":"materials-chemicals","theme_ko":"산업 소재·화학","theme_en":"Industrial Materials & Chemicals","theme_kind":"sector","primary":false}],"segments":{"parts":[{"desc":"성장·재평가의 핵심 축 — EUV·ArF 레지스트·초순수 수지·정밀세정·합성실리카 증설로 반도체 미세화 수요에 올라탄다","name":"스페셜티 머티리얼즈 (반도체·디스플레이 소재)","value":"¥1.08조"},{"desc":"단일 최대 부문·안정 이익원 — 지역 가격관리와 원가절감으로 이익 개선","name":"산업가스","value":"¥1.30조"},{"desc":"나프타 스프레드에 좌우되는 사이클 부문 — 통합·감축으로 구조조정 중","name":"기초소재·폴리머 (석유화학)","value":"¥0.97조"},{"desc":"MMA 유도체 — 원료가·수급 사이클에 노출","name":"MMA·유도체","value":"¥0.40조"},{"desc":"매각 예정 제약(미쓰비시타나베) — 비핵심 정리 축","name":"제약 (미쓰비시타나베·매각 예정)","value":"¥0.46조"}],"total":"약 ¥4.41조 (FY2024, 2025.3월기)"},"segments_en":{"parts":[{"desc":"The core growth/re-rating axis — expanding EUV/ArF resists, ultrapure-water resins, precision cleaning and synthetic silica to ride semiconductor scaling","name":"Specialty Materials (semiconductor & display materials)","value":"¥1.08T"},{"desc":"The single largest segment and a steady profit source — improved by regional price management and cost cuts","name":"Industrial Gases","value":"¥1.30T"},{"desc":"A cyclical segment driven by the naphtha spread — being restructured via consolidation and cuts","name":"Basic Materials & Polymers (petrochemicals)","value":"¥0.97T"},{"desc":"MMA derivatives — exposed to feedstock-price and supply-demand cycles","name":"MMA & Derivatives","value":"¥0.40T"},{"desc":"Pharma (Mitsubishi Tanabe) slated for divestment — the non-core disposal axis","name":"Pharma (Mitsubishi Tanabe, divestment pending)","value":"¥0.46T"}],"total":"~¥4.41T (FY2024, ended Mar 2025)"},"returns_yearly":{"2021":29,"2022":-15.5,"2023":27.7,"2024":-8.1,"2025":33.5,"2026":23.4},"return_asof":"2026-09-04","value_chain":{"leading":[{"slug":"ase","name":"ASE테크놀로지","name_en":"ASE Technology","tier":3,"returns_yearly":{"2021":38.3,"2022":-12.8,"2023":60.9,"2024":10.1,"2025":65.6,"2026":191.3}},{"slug":"amd","name":"AMD","name_en":"AMD","tier":3,"returns_yearly":{"2021":56.9,"2022":-55,"2023":127.6,"2024":-18.1,"2025":77.3,"2026":183.9}},{"slug":"marvell","name":"Marvell","name_en":"Marvell","tier":3,"returns_yearly":{"2021":84.6,"2022":-57.5,"2023":63.7,"2024":83.8,"2025":-22.8,"2026":163.4}},{"slug":"panasonic-energy","name":"파나소닉 에너지","name_en":"Panasonic Energy","tier":3,"returns_yearly":{"2021":-5.7,"2022":-1.6,"2023":20.1,"2024":16.6,"2025":36.2,"2026":113.1}},{"slug":"viasat","name":"바이어샛","name_en":"Viasat","tier":3,"returns_yearly":{"2021":36.4,"2022":-28.9,"2023":-11.7,"2024":-69.6,"2025":304.9,"2026":109}},{"slug":"lg-electronics","name":"LG전자","name_en":"LG Electronics","tier":3,"returns_yearly":{"2021":-16.2,"2022":-20.9,"2023":-5.8,"2024":-9.5,"2025":19.2,"2026":105.5}},{"slug":"samsung-electronics","name":"삼성전자","name_en":"Samsung Electronics","tier":3,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":63.8}},{"slug":"fedex","name":"페덱스","name_en":"FedEx","tier":3,"returns_yearly":{"2021":0.7,"2022":-31.6,"2023":49.1,"2024":13.5,"2025":5.1,"2026":39.6}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"amkor","name":"앰코테크놀로지","name_en":"Amkor Technology","tier":3,"returns_yearly":{"2021":65.6,"2022":-2.3,"2023":40.3,"2024":-20.8,"2025":55.9,"2026":21.6}},{"slug":"delta-air-lines","name":"델타항공","name_en":"Delta Air Lines","tier":3,"returns_yearly":{"2021":-2.8,"2022":-15.9,"2023":23,"2024":52,"2025":16.1,"2026":19.3}},{"slug":"apple","name":"Apple","name_en":"Apple","tier":3,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":18}},{"slug":"united-parcel-service","name":"유나이티드 파셀 서비스","name_en":"United Parcel Service, Inc.","tier":3,"returns_yearly":{"2021":30,"2022":-16.2,"2023":-6,"2024":-15.9,"2025":-15.9,"2026":8}},{"slug":"broadcom","name":"Broadcom","name_en":"Broadcom","tier":3,"returns_yearly":{"2021":56.5,"2022":-13.3,"2023":104.2,"2024":110.5,"2025":50.6,"2026":5}},{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":3,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":2.4}},{"slug":"edison-international","name":"에디슨 인터내셔널","name_en":"Edison International","tier":3,"returns_yearly":{"2021":13.6,"2022":-2.6,"2023":17.4,"2024":15.2,"2025":-20.4,"2026":-1.7}},{"slug":"united-airlines-holdings","name":"유나이티드항공","name_en":"United Airlines Holdings, Inc.","tier":3,"returns_yearly":{"2021":1.2,"2022":-13.9,"2023":9.4,"2024":135.3,"2025":15.2,"2026":-3.9}},{"slug":"tesla","name":"Tesla","name_en":"Tesla","tier":3,"returns_yearly":{"2021":49.8,"2022":-65,"2023":101.7,"2024":62.5,"2025":11.4,"2026":-14.9}},{"slug":"ses","name":"SES","name_en":"SES S.A.","tier":3,"returns_yearly":{"2021":2.8,"2022":10.6,"2023":-13,"2024":-36,"2025":141.5,"2026":-43.7}},{"slug":"samsung-electro-mechanics","name":"삼성전기","name_en":"Samsung Electro-Mechanics","tier":2,"returns_yearly":{"2021":-11.8,"2022":-18.5,"2023":-1.4,"2024":-2.5,"2025":110,"2026":402.2}},{"slug":"samsung-sdi","name":"삼성SDI","name_en":"Samsung SDI","tier":2,"returns_yearly":{"2021":-19,"2022":15.8,"2023":-45.7,"2024":-40.2,"2025":75.7,"2026":45.9}},{"slug":"boeing","name":"보잉","name_en":"Boeing","tier":2,"returns_yearly":{"2021":-6,"2022":-5.4,"2023":36.8,"2024":-32.1,"2025":22.7,"2026":-2.2}},{"slug":"lg-chem","name":"LG화학","name_en":"LG Chem","tier":2,"returns_yearly":{"2021":-29,"2022":9.7,"2023":-36.6,"2024":-45.3,"2025":31.2,"2026":-8.6}},{"slug":"hyundai-motor-company","name":"현대차","name_en":"Hyundai Motor Company","tier":2,"returns_yearly":{"2021":-16.7,"2022":-4.7,"2023":16.2,"2024":12.3,"2025":158.8,"2026":-34.2}},{"slug":"ppg-industries","name":"PPG 인더스트리스","name_en":"PPG Industries","tier":1,"returns_yearly":{"2021":21.3,"2022":-25.7,"2023":21.2,"2024":-18.5,"2025":-12,"2026":3.4}},{"slug":"cosmo-advanced-materials-technology","name":"코스모신소재","name_en":"Cosmo Advanced Materials & Technology","tier":1,"returns_yearly":{"2021":121.4,"2022":48.7,"2023":128.9,"2024":-60.4,"2025":-3.4,"2026":-9.3}}],"benefiting":[],"analysis":"닛케이 225 기업. 2026년 +23.4%다. 본주(+23.4%)와 수요단(평균 -23.5%)이 같은 보폭으로 움직인다.","analysis_en":"Mitsubishi Chemical Holdings operates across Nikkei 225. It is +23.4% in 2026. The stock (+23.4%) and its demand side (avg -23.5%) are moving in step. Nikkei 225 constituent.","analysis_asof":"2026-09-04"},"edges":[{"direction":"revenue","counterparty":"글로벌 산업가스 수요처 (철강·전자·의료·화학)","counterparty_slug":null,"confidence":"high","metric":{"type":"segment_revenue","unit":"엔","basis":"MCG 연결재무결과","value":1301100000000,"period":"산업가스 FY2024(2025.3월기)","basis_en":"MCG consolidated results"},"note":"산업가스 부문 매출 ¥1,301.1억엔(FY2024, 단일 최대 부문)으로 코어 영업이익 ¥186.1억엔. 지역별 가격관리와 원가절감으로 이익 개선. 2024년 5월 호주 Wesfarmers Kleenheat LPG 사업 인수 계약.","note_en":"Industrial Gases revenue ¥1,301.1bn (FY2024, the single largest segment) with core OP ¥186.1bn, lifted by regional price management and cost cuts. Signed May 2024 to acquire Wesfarmers Kleenheat's LPG business in Australia.","sources":[{"stance":"confirms","publisher":"인베스팅닷컴","publisher_en":"Investing.com","kind":"news","lang":"ko","published_at":"2025-11-05","url":"https://kr.investing.com/news/company-news/article-93CH-1694986","title":"미쓰비시 화학, 매출 감소에도 순이익 169% 급증 (2025년 상반기)","title_en":"Mitsubishi Chemical: net income up 169% despite lower revenue (H1 FY2025)","excerpt":"산업가스 부문은 코어 영업이익 약 ¥930억엔으로 소폭 증가하며 안정적 실적을 유지, 그룹 순이익 169% 급증(¥1,101억엔)을 견인.","excerpt_en":"The Industrial Gases segment held steady with core OP of ~¥93.0bn, helping drive group net income up 169% to ¥110.1bn (H1 FY2025)."},{"stance":"confirms","publisher":"미쓰비시케미컬그룹","publisher_en":"Mitsubishi Chemical Group","kind":"filing","lang":"en","published_at":"2025-05-13","url":"https://www.mcgc.com/english/ir/pdf/02290/02582.pdf","title":"미쓰비시케미컬그룹 연결 재무결과 (2025년 3월기, IFRS)","title_en":"Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS)","excerpt":"\"산업가스 부문 매출은 전년 대비 ¥542억엔 증가한 ¥1,301.1억엔, 코어 영업이익은 ¥231억엔 증가한 ¥186.1억엔… 각 지역의 가격관리 노력과 환율 영향\".","excerpt_en":"\"Industrial Gases sales revenue increased ¥54.2 billion to ¥1,301.1 billion and core operating income rose ¥23.1 billion to ¥186.1 billion… price management efforts in each region as well as the forex impact.\""}]},{"direction":"revenue","counterparty":"반도체·디스플레이 제조사 (EUV·ArF 포토레지스트·초순수 이온교환수지·정밀세정·합성실리카)","counterparty_slug":null,"confidence":"high","metric":{"type":"segment_revenue","unit":"엔","basis":"MCG 연결재무결과","value":1081300000000,"period":"스페셜티 머티리얼즈 FY2024(2025.3월기)","basis_en":"MCG consolidated results"},"note":"스페셜티 머티리얼즈 부문 매출 ¥1,081.3억엔(FY2024). 반도체 시장 확대에 맞춰 Lithomax EUV·ArF 포토레지스트(규슈-후쿠오카 공장, 2025년 9~10월 가동), 초순수용 이온교환수지, 반도체 정밀세정(후쿠시마 신설·이와테 증설, 2026.10 가동), 합성실리카 분말(+35%) 증설을 확정.","note_en":"Specialty Materials revenue ¥1,081.3bn (FY2024). Riding the semiconductor market, MCG is expanding Lithomax EUV/ArF photoresists (Kyushu-Fukuoka, on-stream Sep–Oct 2025), ultrapure-water ion-exchange resins, semiconductor precision cleaning (new Fukushima + Iwate, on-stream Oct 2026) and synthetic silica powder (+35%).","sources":[{"stance":"confirms","publisher":"TradingView","publisher_en":"TradingView","kind":"news","lang":"en","published_at":"2025-11-01","url":"https://www.tradingview.com/symbols/TSE-4188/forecast-actuals-and-estimates/","title":"미쓰비시케미컬그룹(TSE:4188) 애널리스트 추정·목표주가","title_en":"Mitsubishi Chemical Group (TSE:4188) analyst estimates & price targets","excerpt":"스페셜티 머티리얼즈는 반도체·디스플레이 수요 회복으로 견조. 애널리스트 12개월 목표주가 평균 약 ¥1,037(고 ¥1,300·저 ¥800), 최근 공정가치 ¥1,119로 상향.","excerpt_en":"Specialty Materials stayed solid on recovering semiconductor/display demand. Analyst 12-month target averages ~¥1,037 (high ¥1,300, low ¥800), with a recent fair-value lift to ¥1,119."},{"stance":"confirms","publisher":"미쓰비시케미컬그룹","publisher_en":"Mitsubishi Chemical Group","kind":"filing","lang":"en","published_at":"2025-05-13","url":"https://www.mcgc.com/english/ir/pdf/02290/02582.pdf","title":"미쓰비시케미컬그룹 연결 재무결과 (2025년 3월기, IFRS)","title_en":"Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS)","excerpt":"\"반도체 소자 미세화에 따른 ArF·EUV 포토레지스트 수요 증가에 대응해 규슈-후쿠오카 공장의 Lithomax 감광성 폴리머 생산능력을 확대… ArF용은 2025년 10월, EUV용은 2025년 9월 가동 예정\" — 스페셜티 머티리얼즈 매출 ¥1,081.3억엔.","excerpt_en":"\"In response to an anticipated increase in demand for ArF and EUV photoresists in tandem with the miniaturization of semiconductor devices… increase the production capacity of its Lithomax photosensitive polymers… commence operations in October 2025 for ArF and September 2025 for EUV.\" Specialty Materials sales revenue ¥1,081.3 billion."}]},{"direction":"cost","counterparty":"나프타·원유 피드스톡 공급사","counterparty_slug":null,"confidence":"high","metric":{"type":"input_price","unit":"엔/KL","basis":"MCG 실적 전제","value":75600,"period":"나프타 평균가 FY2024(2025.3월기)","basis_en":"MCG results assumption"},"note":"기초소재·폴리머(석유화학, 매출 ¥972.4억엔) 및 MMA의 핵심 원료. FY2024 나프타 평균가 ¥75,600/KL로 전기 ¥65,000 대비 상승. 원료-제품 가격차(스프레드)가 부문 손익을 좌우.","note_en":"Core feedstock for Basic Materials & Polymers (petrochemicals, ¥972.4bn revenue) and MMA. FY2024 average naphtha price ¥75,600/KL, up from ¥65,000. The raw-material-to-product price gap drives segment profitability.","sources":[{"stance":"confirms","publisher":"알파경제","publisher_en":"AlphaBiz","kind":"news","lang":"ko","published_at":"2025-08-08","url":"https://alphabiz.co.kr/news/view/1065576028164672","title":"미쓰비시케미컬(4188 JP), 구조조정 마무리…화학 이익 1천억엔 목표","title_en":"Mitsubishi Chemical (4188 JP): restructuring wrapped up, targeting ¥100bn chemicals profit","excerpt":"적자 지속되던 제철용 코크스 사업 철수·에틸렌 설비 집약 등 구조조정을 일단락, 화학 사업 코어 영업이익을 계획 대비 64% 늘린 약 1,000억엔으로 끌어올릴 방침.","excerpt_en":"Wrapped up restructuring (exiting the loss-making metallurgical-coke business, consolidating ethylene capacity), aiming to lift chemicals core OP ~64% above plan to about ¥100bn."},{"stance":"confirms","publisher":"미쓰비시케미컬그룹","publisher_en":"Mitsubishi Chemical Group","kind":"filing","lang":"en","published_at":"2025-05-13","url":"https://www.mcgc.com/english/ir/pdf/02290/02582.pdf","title":"미쓰비시케미컬그룹 연결 재무결과 (2025년 3월기, IFRS)","title_en":"Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS)","excerpt":"\"나프타 가격(엔/KL): 75,600 (FY2024) vs 65,000 (FY2025 전제)\"; 기초소재·폴리머 코어 영업이익은 원료-제품 가격차 확대로 개선.","excerpt_en":"\"Naphtha price (Yen/KL): 75,600 (FY2024) vs 65,000 (FY2025 assumption).\" Basic Materials & Polymers core OP improved on the widened price gap between raw materials and products."}]},{"direction":"revenue","counterparty":"PPG 인더스트리스","counterparty_slug":"ppg-industries","confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-06-26","basis":"선박 방오 코팅용 혁신 소재 구매액","value":null,"period":"2025 공급사 평가","basis_en":"Purchases of innovative materials for marine antifouling coatings","qualifier":"confirmed_no_disclosed_value"},"note":"미쓰비시케미컬그룹은 PPG의 차세대 선박 방오 코팅에 쓰이는 혁신 소재를 공동 개발하는 공급 파트너다. 상대별 구매액은 공개되지 않았다.","note_en":"Mitsubishi Chemical Group is a supply partner developing innovative materials for PPG's next-generation marine antifouling coatings. Supplier-specific spend is not disclosed.","sources":[{"stance":"confirms","publisher":"PPG 인베스터 릴레이션스","publisher_en":"PPG Investor Relations","kind":"ir","lang":"en","published_at":"2026-06-26","url":"https://investor.ppg.com/news/news-details/2026/PPG-names-recipients-of-2025-Excellent-Supplier-Awards/default.aspx","title":"PPG, 2025 우수 공급사 수상자 발표","title_en":"PPG names recipients of 2025 Excellent Supplier Awards","excerpt":"미쓰비시케미컬그룹은 PPG와 차세대 선박 방오 코팅용 혁신 소재를 공동 개발했다.","excerpt_en":"MCC was recognized after partnering with PPG to develop innovative materials for next-generation marine antifouling coatings."}]},{"direction":"revenue","counterparty":"자동차·EV·엔지니어링플라스틱 고객 (탄소섬유복합재·LiB 음극재)","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"어드밴스드 솔루션·컴포지트를 통해 자동차·EV 고객에 고성능 엔지니어링플라스틱과 탄소섬유복합재를 공급. 2024년 12월 자동차용 리튬이온전지 음극재(천연흑연) 공급망 강화를 위해 가가와 공장 증설(11,000톤/년, 2026.10 가동) 결정.","note_en":"Serves automotive/EV customers with high-performance engineering plastics and carbon-fiber composites via Advanced Solutions/Composites. Decided Dec 2024 to expand Kagawa Plant natural-graphite anode capacity for automotive Li-ion batteries (11,000 t/yr, on-stream Oct 2026).","sources":[{"stance":"mentions","publisher":"미쓰비시케미컬그룹","publisher_en":"Mitsubishi Chemical Group","kind":"filing","lang":"en","published_at":"2025-05-13","url":"https://www.mcgc.com/english/ir/pdf/02290/02582.pdf","title":"미쓰비시케미컬그룹 연결 재무결과 (2025년 3월기, IFRS)","title_en":"Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (IFRS)","excerpt":"\"자동차용 리튬이온전지 음극재 공급망 강화… 가가와 공장 생산능력 11,000톤/년으로 증설, 2026년 10월 가동 예정\"; 어드밴스드 솔루션은 유럽·미국 EV 수요 변동에 노출.","excerpt_en":"\"To strengthen supply chains of anode material for automotive lithium-ion batteries… increase production capacity at its Kagawa Plant (11,000 tons/year), on-stream October 2026\"; Advanced Solutions is exposed to EV demand swings in Europe and the U.S."}]},{"direction":"cost","counterparty":"전력·연료 (에너지 집약 화학·공기분리 공정)","counterparty_slug":null,"confidence":"mid","metric":{"qualifier":"confirmed_no_disclosed_value"},"note":"에틸렌 크래킹·MMA·공기분리(산업가스) 공정은 에너지 집약적. 니시일본 에틸렌 설비 탄소중립·통합(미쓰이케미컬·아사히카세이 3사 합작, 미쓰비시 45%) 및 코크스로 감축으로 에너지·구조 비용을 조정 중.","note_en":"Ethylene cracking, MMA and air-separation (industrial gases) are energy-intensive. MCG is reshaping energy/structural costs via western-Japan ethylene carbon-neutral consolidation (three-way JV with Mitsui Chemicals & Asahi Kasei, MCG 45%) and coke-oven reductions.","sources":[{"stance":"mentions","publisher":"Hydrocarbon Processing","publisher_en":"Hydrocarbon Processing","kind":"news","lang":"en","published_at":"2026-05-27","url":"https://www.hydrocarbonprocessing.com/news/2026/05/mitsubishi-chemical-group-considers-spinning-off-petrochemicals-business/","title":"미쓰비시케미컬, 석유화학 사업 분사 검토","title_en":"Mitsubishi Chemical Group considers spinning off petrochemicals business","excerpt":"미쓰비시케미컬은 기초화학(석유화학) 사업 분사를 검토(2028.3월기 목표); 서일본 에틸렌을 미쓰이·아사히카세이와 통합하고 미즈시마 에틸렌을 중단, 미쓰이 오사카로 집약(미쓰비시 지분 45%).","excerpt_en":"MCG is exploring a spin-off of its basic-chemicals (petrochemicals) business (target by FY ending March 2028); western-Japan ethylene merges with Mitsui Chemicals and Asahi Kasei, shutting Mizushima and consolidating at Mitsui's Osaka center (MCG 45%)."},{"stance":"mentions","publisher":"미쓰비시케미컬그룹","publisher_en":"Mitsubishi Chemical Group","kind":"filing","lang":"en","published_at":"2025-08-08","url":"https://www.mcgc.com/english/ir/pdf/02397/02657.pdf","title":"미쓰비시케미컬그룹 분기 연결 재무결과 (2026년 3월기 1분기)","title_en":"Consolidated Financial Results for Q1 FY ending March 31, 2026","excerpt":"분기 실적에서도 기초소재·폴리머의 원료·에너지 비용과 스프레드가 손익 변동의 핵심 요인으로 지속.","excerpt_en":"Quarterly results reiterate that feedstock/energy costs and spreads in Basic Materials & Polymers remain the key swing factor for earnings."}]},{"direction":"revenue","counterparty":"코스모신소재","counterparty_slug":"cosmo-advanced-materials-technology","confidence":"mid","metric":{"basis":"토너용 레진 공급, 금액 비공개","basis_en":"toner resin supply, value undisclosed","qualifier":"confirmed_no_disclosed_value"},"note":"코스모신소재에 토너용 레진(RESIN)을 공급한다. 석유화학 가격 상승에 따라 판매 단가 인상 압력이 있다.","note_en":"Supplies resin for toner to Cosmo Advanced Materials & Technology (Korea); rising petrochemical prices are creating pressure to raise selling prices.","sources":[{"stance":"confirms","publisher":"금융감독원 전자공시(DART)","publisher_en":"FSS DART","kind":"filing","lang":"ko","published_at":"2026-06-02","url":"https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260602000342","title":"코스모신소재 사업보고서 (2025.12)","title_en":"Cosmo AM&T Annual Business Report (FY2025)","excerpt":"RESIN의 경우 미쯔비시화학(일본) 등 해외 및 국내업체와 거래 중. 최근 토너 수요 감소로 공급선에서 수익성 없는 품목 단가 인상 시행 중.","excerpt_en":"Resin is sourced from Mitsubishi Chemical (Japan) and other overseas and domestic firms; suppliers are raising prices on low-margin items as toner demand falls."}]}]}