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Q2 2022 Mitsubishi Chemical Holdings Corp Earnings Call Transcript
Good afternoon. This is Date speaking. Thank you for joining us. Please turn to Page 4, consolidated statement of operations. During the first half of this fiscal year, exchange rate was JPY 110.1 to the U.S. dollar, representing depreciation of the yen from the same period of the previous year.
Naphtha price was JPY 50,600 per kilo liter. Sales revenue was JPY 1,885.1 billion, up JPY 380.3 billion year-on-year, of which the impact of weaker yen amounted to positive JPY 50 billion. And price factor amounted to a positive JPY 130 billion, mostly resulting from higher market prices for Chemicals, while volume impact totaled positive JPY 200 billion, coming from over JPY 70 billion in petrochemical or Performance Products, over JPY 60 billion in Chemicals and JPY 50 billion in Industrial Gases, given that the corresponding period of the previous year felt a significant impact of COVID-19.
Core operating income totaled JPY 156.1 billion, up JPY 101.5 billion. More on this later
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