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Chemicals maker producing methanol derivatives, engineering plastics (polycarbonate) and specialty packaging materials.
Chemicals maker producing methanol derivatives, engineering plastics (polycarbonate) and specialty packaging materials.
Splits between commodity chemicals such as methanol, priced by the world market, and specialty materials sold under qualification to electronics, auto and packaging customers. Much of its methanol comes through overseas joint ventures near cheap natural gas, in places such as Saudi Arabia and Brunei. The specialty side includes polycarbonate and MXD6 nylon, a gas-barrier nylon.
In one line: A diversified Japanese chemicals maker like a smaller Covestro.
Moat: narrow (IP / patents, process know-how). Proprietary barrier-resin and specialty-plastic chemistry (e.g., MXD6 nylon) not easily replicated.
Headquarters: Tokyo, Japan · Founded: 1918 · Employees: 8,319
Size Mitsubishi Gas Chemical (4182.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $3.78B, the 303rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,055 on 6 Nov 2026.
Performance Over six months the shares fell 30.6%, against -18.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 2.7% over the last twelve months (peer median +12.2%); the operating margin is 7.9% (peer median 13.3%).
Valuation It trades at 10.6× forward earnings against a peer median of 18.4× (cheapest of 21).
Capital Return on invested capital runs 5.2 points below its cost of capital (10.1% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥784B | ¥738B | ¥774B | ¥813B | ¥781B |
| Revenue growth | — | -5% | -5% | +4% | — |
| Gross profit | ¥178B | ¥155B | ¥158B | ¥167B | ¥162B |
| EBITDA | ¥102B | ¥85.2B | ¥87.3B | ¥85.6B | ¥83.0B |
| Net income | -¥30.4B | -¥40.3B | ¥45.5B | ¥38.8B | ¥49.1B |
| Free cash flow | n/a | -¥2.00B | -¥9.93B | -¥7.34B | -¥7.50B |
| Capital expenditure | n/a | ¥76.7B | ¥85.4B | ¥80.8B | ¥62.7B |
| Total debt | ¥219B | ¥224B | ¥203B | ¥155B | ¥147B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Mitsubishi Gas Chemical 4182.T | $3.78B | -31% | +3% | 8% | 10.6× | n/a |
| Covestro 1COV.DE | $14.0B | 0% | -9% | -3% | 200.3× | n/a |
| Mitsubishi Chemical 4188.T | $8.65B | +10% | -8% | 8% | 8.9× | -0.5% |
| Toray Industries 3402.T | $11.1B | +6% | +6% | 6% | 16.6× | 5.5% |
| Teijin 3401.T | $2.07B | +7% | -14% | -7% | 6.9× | -11.5% |
| Idemitsu Kosan 5019.T | $9.54B | -9% | -3% | 6% | 7.1× | -12.8% |
| Methanex MX.TO | $5.18B | +12% | +31% | 23% | 6.9× | -9.4% |
| LOTTE CHEMICAL 011170.KS | $1.45B | -59% | +5% | -2% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4182.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.4% | -5.1% | 2nd lowest of 21 |
| 6-month return | -30.6% | -18.9% | 6th lowest of 20 |
| Distance from 52-week high | -46.8% | -38.9% | 6th lowest of 21 |
| Revenue growth (TTM) | +2.7% | +12.2% | 7th lowest of 21 |
| Operating margin | 7.9% | 13.3% | 6th lowest of 21 |
| Forward P/E | 10.6× | 18.4× | cheapest of 21 |
| ROIC minus cost of capital | -5.2 pp | +1.6 pp | 4th lowest of 21 |
| EV / EBITDA | 7.6× | 8.8× | 3rd cheapest of 7 |
| Net debt / EBITDA | 1.5× | 1.9× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mitsubishi Gas Chemical 4182.T | Japan | $3.78B | -31% | +3% | 8% | 10.6× | n/a | n/a |
| Novoray 688300.SS | China | $3.76B | -9% | +23% | 26% | 52.7× | 47.6% | +22.6% |
| Pangang Group Vanadium & Titanium Resources 000629.SZ | China | $3.83B | -24% | +6% | 4% | 68.8× | 27.2% | -3.4% |
| Ningbo Shanshan 600884.SS | China | $3.71B | -34% | +30% | 9% | 14.4× | 4.5% | +21.3% |
| Hangzhou Oxygen Plant 002430.SZ | China | $3.89B | -16% | +16% | 11% | 20.9× | 2.9% | +8.5% |
| Cabot CBT | United States | $3.67B | -17% | +1% | 14% | 10.9× | -3.2% | +1.9% |
| IMEIK Technology Development 300896.SZ | China | $3.92B | -21% | -7% | 45% | 23.3× | 18.8% | +28.0% |
| Air Water 4088.T | Japan | $3.93B | +23% | +7% | 4% | 14.3× | 7.1% | +6.8% |
| NOF 4403.T | Japan | $3.60B | -22% | +13% | 17% | 13.5× | -6.1% | +8.4% |
| Bluestar Adisseo 600299.SS | China | $3.97B | -35% | +15% | 13% | 11.8× | -8.6% | +7.7% |
| Do-Fluoride New Materials 002407.SZ | China | $4.06B | -36% | +69% | 7% | 38.0× | 19.2% | +17.5% |
| Guangzhou Guanggang Gases and Energy 688548.SS | China | $3.39B | -14% | +21% | 20% | 62.3× | n/a | n/a |
| Cathay Biotech 688065.SS | China | $4.22B | -19% | +9% | 18% | 38.8× | n/a | n/a |
| Inner Mongolia Berun Chemical 000683.SZ | China | $3.36B | -32% | +11% | 13% | 13.8× | n/a | n/a |
| Jiangsu Nata Opto-electronic Material 300346.SZ | China | $4.29B | -22% | +15% | 16% | 62.1× | 35.6% | +34.2% |
| Clariant CLN.SW | Switzerland | $4.32B | +46% | -7% | 10% | 16.0× | -3.4% | +0.3% |
| Hexpol HPOL-B.ST | Sweden | $3.30B | +28% | -1% | 14% | 15.6× | 3.1% | +7.6% |
| Guangxi Huaxi Nonferrous Metal 600301.SS | China | $4.33B | -15% | +24% | 32% | 22.9× | 9.2% | +44.9% |
| Red Avenue New Materials 9607.HK | Hong Kong | $4.35B | n/a | +30% | 9% | 26.9× | n/a | n/a |
| GEM 002340.SZ | China | $4.43B | -36% | +2% | 7% | 15.7× | 4.2% | +24.4% |
| Far Eastern New Century 1402.TW | Taiwan | $4.49B | +8% | 0% | 6% | 11.8× | 5.3% | +4.2% |