2025上半财年日本化企业绩承压

Core Insights - Japanese chemical companies are facing a decline in both revenue and profit due to multiple market challenges, including global economic slowdown and uncertainties from U.S. trade policies [1][4] Company Performance Summary - Mitsubishi Chemical: Achieved a remarkable net profit increase of 169% year-on-year, rising from 40.9 billion yen to 110.1 billion yen, despite a 10.5% decline in revenue to 1.79 trillion yen. The company benefited from China's economic stimulus and positive fiscal spending in some European countries, but overall economic growth remains under pressure due to U.S. trade policies [1] - Shin-Etsu Chemical: Experienced a slight revenue increase of 1.4% to 1.28 trillion yen, but net profit fell by 12.3% to 257.8 billion yen, with operating profit down 17.7% to 333.9 billion yen. The company attributed its performance challenges to global economic turmoil caused by U.S. policies and recent export control measures from China [1] - Toray Industries: Reported a significant net profit drop of 25% to 58.1 billion yen, with revenue declining by 4.6% to 1.23 trillion yen. The fiber and textile segment showed resilience with a 1.7% increase in operating profit, but the industrial applications market has not fully recovered, prompting the company to initiate cost-cutting measures [2] - Sumitomo Chemical: Achieved a turnaround with net profit of 39.6 billion yen, compared to a net loss of 6.5 billion yen in the previous year, despite an 11.8% revenue decline to 1 trillion yen. The core business and green materials segment faced challenges due to maintenance shutdowns and exit from aluminum business, leading to a 27% revenue drop in that segment [2] - Mitsui Chemicals: Experienced a significant revenue decline of 8.6% to 813.6 billion yen and a drastic net profit drop of 65% to 7.8 billion yen. The decline was attributed to lower product prices due to falling raw material costs, reduced sales in core and green materials, and impairment losses related to investments in phenol business in China [3] - Asahi Kasei: Reported a 7% revenue decline to 637.8 billion yen and a 33.3% drop in operating profit to 31 billion yen. While sales in the electronics sector contributed positively, negative factors such as inventory valuation adjustments and maintenance shutdowns offset gains [3] - Tosoh: Showed poor performance with a 5.4% revenue decline to 499.1 billion yen and a 70.4% drop in net profit to 7.3 billion yen. The decline was driven by a stronger yen, lower product prices due to falling raw material costs, and reduced shipments due to extended maintenance at its Nanyo plant [3] Industry Overview - Overall, Japanese chemical companies are under significant pressure from U.S. trade policy uncertainties, weak global demand, raw material price fluctuations, and periodic maintenance of production facilities. Only a few companies have managed to achieve localized improvements through business structure optimization or breakthroughs in niche markets [4]