# Who does Mitsubishi Chemical Holdings pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/mitsubishi-chemical-holdings · Facet: suppliers · Updated: 2026-09-24T11:12:49.510087+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Mitsubishi Chemical Holdings discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-09-24).

### 나프타·원유 피드스톡 공급사 (high)
- metric: input price 75,600 엔/KL · 나프타 평균가 FY2024(2025.3월기) · MCG results assumption
- note: 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.
- [confirms] AlphaBiz (KO, news, published 2025-08-08) https://alphabiz.co.kr/news/view/1065576028164672: "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."
- [confirms] Mitsubishi Chemical Group (EN, filing, published 2025-05-13) https://www.mcgc.com/english/ir/pdf/02290/02582.pdf: ""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."

### 전력·연료 (에너지 집약 화학·공기분리 공정) (mid)
- note: 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.
- [mentions] Hydrocarbon Processing (EN, news, published 2026-05-27) https://www.hydrocarbonprocessing.com/news/2026/05/mitsubishi-chemical-group-considers-spinning-off-petrochemicals-business/: "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%)."
- [mentions] Mitsubishi Chemical Group (EN, filing, published 2025-08-08) https://www.mcgc.com/english/ir/pdf/02397/02657.pdf: "Quarterly results reiterate that feedstock/energy costs and spreads in Basic Materials & Polymers remain the key swing factor for earnings."

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