IHS Chemical Week

People & Business :: Earnings/Finance

Mitsui Chemicals’ loss widens

7:36 AM MDT | May 10, 2013 | Deepti Ramesh

Mitsui Chemicals recorded a net loss of ¥8.1 billion ($80.2 million) in the fiscal year ended 31 March compared with a net loss of ¥1 billion in the previous fiscal year. Sales decreased 3.3%, to ¥1.40 trillion. Sales decreased mainly because of a ¥44.8-billion decrease in sales in the company's basic chemicals segment as a consequence of an explosion at the company’s Iwakuni-Ohtake production complex at Waki, Japan. There was also a ¥3-billion fall in sales in the basic chemicals segment due to a downturn in the market, Mitsui says. The...

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