Mitsui Chemicals (6716.T) Reports 9-Month Profit Drop, Cuts FY25 Outlook; Shares Fall

Mitsui Chemicals (6716.T) reported a 23.4% year-over-year decline in nine-month net profit to ¥2.42 billion (USD 21.6 million), citing weak sales and pricing pressure. The company revised down its FY25 profit outlook to ¥10.5 billion from ¥12.5 billion, citing continued demand weakness in North America and Asia. Shares fell 3.8% in Tokyo trading on the announcement, reflecting earnings disappointment and reduced growth expectations.