Mitsubishi Chemical Group

Mitsubishi Chemical Group Corporation (三菱ケミカルグループ株式会社, Mitsubishi Kemikaru Guruupu Kabushiki-gaisha) is a Japanese company formed in October 2005 from the merger of Mitsubishi Chemical Corporation and Mitsubishi Pharma Corporation. The company is based in Tokyo and is one of the core Mitsubishi companies.

Mitsubishi Chemical Group Corporation

Headquarters in Marunouchi, Chiyoda, Tokyo
Native name	三菱ケミカルグループ株式会社
Romanized name	Mitsubishi Kemikaru Guruupu Kabushiki-gaisha
Company type	Public
Traded as	TYO: 4188
Industry	Chemical
Predecessor	Mitsubishi Chemical Corporation Mitsubishi Pharma Corporation (currently Mitsubishi Tanabe Pharma Corporation)
Founded	3 October 2005; 19 years ago (2005-10-03)
Headquarters	Tokyo , Japan
Key people	Jean-Marc Gilson (president and CEO)
Revenue	¥2,515,076 million (March 2010) [1]
Operating income	¥66,342 million (March 2010) [1]
Net income	¥12,833 million (March 2010) [1]
Total assets	¥3,355,097 million (March 2010) [1]
Number of employees	54,111 [2]
Subsidiaries	Mitsubishi Chemical Corporation Mitsubishi Tanabe Pharma Mitsubishi Plastics Mitsubishi Rayon Mitsubishi Kagaku Media Taiyo Nippon Sanso Corporation (大陽日酸)
Website	mitsubishichem-hd.co.jp

History

On December 4, 2021, the company announced they would be leaving the commodity chemical businesses by the 2023 fiscal year. The petrochemical and coal-chemical units accounted for $4.8 billion a year in sales and they said the reason for divesting is Japan's shift toward carbon neutrality and poor growth potential.^[3]