Mitsubishi Chemical lowers 2016 targets

Mitsubishi Chemical says it has revised its financial targets for fiscal 2015, ending 31 March 2016, as a result of changes in the business environment. The targets are part of a five-year management plan covering fiscal 2011 to fiscal 2015, and the original targets were announced in December 2010. Mitsubishi expects to report operating profits of ¥280 billion ($3 billion) compared with the previously announced operating profit target of ¥400 billion. The original plan included a total investment of about ¥1 trillion in the company’s various...

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