Mitsubishi Chemical Holdings (JP:4188) has released an update.
Mitsubishi Chemical Group Corporation is restructuring its coal business to enhance profitability, which includes downsizing the production scale at its Kagawa Plant and revising domestic and overseas sales strategies. The company also plans to exit the coal business as part of its future management policy. In alignment with these changes, a forecasted impairment loss of seven billion yen is anticipated in the second quarter of FY2025, as the company transitions towards a more stable business model less impacted by market volatility.
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