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Mitsui Chemicals, Inc.

Mitsui Chemicals, Inc. operates worldwide in mobility, life and health care, basic and green materials, ICT, and other businesses. It offers vision care materials, nonwoven fabrics, personal care materials, agricultural chemicals, oral care materials, elastomers, performance and polypropylene compounds, and other materials. The company also provides semiconductor solutions, functional food packaging materials, imaging solutions, battery material solutions, and converting solutions. Additionally, it supplies petrochemicals, basic chemicals, polyurethane raw materials, life care solutions, agrochemical products, and medical solutions. Its products are sold in Japan, China, Asia, the Americas, Europe, and internationally. Founded in 1892, Mitsui Chemicals is headquartered in Tokyo, Japan.

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Critical Materials & Supply Chain

Mitsui Chemicals' New President Satoshi Ichimura Discusses Petrochemical Restructuring and Growth Areas

Satoshi Ichimura, president of Mitsui Chemicals, has laid out a management policy centered on restructuring the petrochemical business and expanding growth areas in life and healthcare, mobility, and ICT. Ichimura, who took office as president in April 2026, said that after the U.S. and Israeli attacks on Iran, the company set up an emergency response meeting in March, switched naphtha procurement to regions outside the Middle East, and kept operations going with information provided by the Ministry of Economy, Trade and Industry and the Ministry of Foreign Affairs. In petrochemicals, the company will consolidate ethylene production at a single plant in Chiba Prefecture in eastern Japan together with Idemitsu Kosan in 2027, and in western Japan will consolidate the plants of Asahi Kasei and Mitsubishi Chemical at its Osaka works into one. Overseas sales account for about half of the total, and roughly 70 percent of sales in the growth areas. In dental materials, the company decided in June to acquire Ultradent, a U.S. dental materials maker that is the world leader in whitening, for about 140 billion yen.
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Critical Materials & Supply Chain › Specialty Chemicals & Industrial Gases Supply
4183.JP · Capital · Neutral Mitsui Chemicals' new president outlines petrochemical restructuring (ethylene consolidation with Idemitsu in Chiba) and growth-area expansion.
Ultradent Products, Inc. · Capital · Positive Ultradent, the world leader in whitening, is being acquired by Mitsui Chemicals for about 140 billion yen.
5019.JP · Competition · Neutral Idemitsu Kosan will consolidate ethylene production with Mitsui Chemicals at a single Chiba plant in 2027.
3407.JP · Competition · Neutral Asahi Kasei's western Japan plants are to be consolidated with Mitsubishi Chemical's at the Osaka works.
4188.JP · Competition · Neutral Mitsubishi Chemical's Osaka petrochemical plant is to be consolidated with Asahi Kasei's into one, a restructuring move affecting its petrochemical footprint.
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Mitsui Chemicals up 6% as Q1 operating profit triples, PBR at 0.96x looks cheap

Mitsui Chemicals' stock rose to 2,320 yen on September 1, up 6% from the previous trading day. The company's operating profit for the first quarter of fiscal year ending March 2027 expanded to 48.4 billion yen, 3.8 times the year-ago level, reaching 58% of the full-year forecast of 83 billion yen. Revenue was 460 billion yen, up just over 10% year on year, but profit growth was significant, clearly showing improved profitability. However, the PBR is 0.96 times, below 1 time, and ROE is 4.0%, below the chemical industry median of 6.6%, indicating that profitability metrics still lag the industry average. The market is trying to determine whether this profitability improvement is sustainable, with next quarter's results being the focus.
4183.JP · Capital · Positive Q1 operating profit tripled to 48.4 billion yen, beating expectations and reaching 58% of full-year forecast.
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Polyurethane Dispersions Market to Reach $4.34 Billion by 2030

The global polyurethane dispersions market is projected to grow from USD 3.00 billion in 2025 to USD 4.34 billion by 2030, at a compound annual growth rate of 7.7%. Solvent-free polyurethane dispersions are expected to be the fastest-growing product type, driven by demand for zero-solvent, low-emission technologies in leather, textiles, packaging, wood coatings, and automotive interiors. Paints and coatings are forecast to lead application growth, supported by low-VOC and environmentally compliant coatings in construction, automotive, and wood applications. Asia Pacific is projected to be the fastest-growing regional market, with China, India, South Korea, and Indonesia seeing expansion across automotive, textile, construction, and packaging sectors. The report covers companies including Covestro AG, BASF, Dow, Wanhua, Lubrizol, Mitsui Chemicals, Alberdingk Boley, Perstorp, Stahl Holdings, and UBE Corporation.
600309.CG · Demand · Positive Strong demand growth in Asia-Pacific, especially China, where Wanhua is based, drives sales of polyurethane dispersions.
BAS.XETRA · Demand · Positive Market growth driven by end-user industries and regulatory shift to solvent-free systems benefits BASF as a key supplier.
DOW · Demand · Positive Growing demand from automotive, construction, textile, and packaging industries for polyurethane dispersions benefits Dow as a major producer.
4183.JP · Demand · Positive Asia-Pacific demand growth, particularly in automotive and packaging, supports Mitsui Chemicals' polyurethane dispersion business.
The Lubrizol Corporation · Demand · Positive Increasing adoption of polyurethane dispersions in coatings and adhesives benefits Lubrizol as a specialty chemical producer.
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