May 25, 2026 – Mitsubishi Chemical Group (MCG) announced that its consolidated subsidiary Mitsubishi Chemical Corporation has begun exploring a plan to carve out its basic chemicals business, which mainly focuses on petrochemical products, into a wholly-owned subsidiary. This move is intended to prepare for future industry mergers, acquisitions and restructuring, and rebuild the operational foundation for next-generation petrochemical businesses.
1. Background and Objectives
In its KAITEKI Vision 35 released in November 2024, Mitsubishi Chemical Group set the goal of evolving into a green specialty chemical company dedicated to addressing social challenges. Guided by this vision, the Group aims to establish a stable supply platform for green chemicals – one of its core focus areas – and lead the global chemical industry in decarbonization and the transition to a circular economy.
The proposed spin-off is designed to accommodate upcoming mergers, acquisitions and industry restructuring. It will further sharpen the competitiveness of the petrochemical business, strengthen domestic supply chains, and build a robust framework that underpins Japan’s economic security while enabling the company to pursue relevant initiatives in a sustainable and responsible manner. Additionally, the Group will spearhead the decarbonization and circular economy transformation across Japan’s chemical sector.
2. Profile of Mitsubishi Chemical Corporation
Company Name：Mitsubishi Chemical Corporation
Registered Address：1-1-1 Marunouchi, Chiyoda-ku, Tokyo, 100-8251, Japan
Business Activities：High-performance products, industrial materials and other related businesses
Registered Capital：JPY 53,229 million
3. Overview of the Spin-off
(1) Vision of the New Spin-off Company
As a leading petrochemical enterprise in Japan, the new company will enhance business competitiveness through mergers, acquisitions and industry restructuring, and drive the chemical industry’s shift toward decarbonization and a circular economy. It will also ensure the stable and sustainable supply of basic industrial chemicals, bolster domestic supply chains, and contribute to Japan’s economic security.
(2) Scope of the Spin-off Review
The discussion primarily centers on the basic chemicals segment under the company’s basic materials division. The scope may be adjusted as the review progresses.
4. Outlook
All relevant details will be finalized, and the spin-off completed, by the end of the fiscal year ending March 31, 2028.
