Mitsubishi Chemical Upgrades Earnings and Sales Forecasts

Mitsubishi Chemical has upgraded its sales and earnings projections for the fiscal year ended March 31, 2010. Mitsubishi Chemical expects to record a net profit of ¥11 billion ($122 million) having previously forecast that it would break even, and post full-year sales of ¥2.53 trillion, having previously forecast sales of ¥2.49 trillion. The company expects to record an operating profit of ¥70 billion, having previously forecast an operating profit of ¥60 billion. “Operating income for the fiscal year is expected to exceed the forecast...

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