President's Message & Bio

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Message

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Contributing to Sustainable Development

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Chemical products and materials, which are used in automobiles, electronics, general commodities, healthcare, foods, housing, energy, and countless other consumer products, contribute to improving and enriching the quality of life around the world. It is not an overstatement to say that material development in the chemical industry is a key factor in many breakthrough innovations.

The chemical industry has the potential to be a solution provider to some of the world’s most pressing social issues and must rise up to meet such challenges. Reducing greenhouse emission, which is one of the major causes of global climatic change, help in the development of new renewal energies, bolster agricultural produce to meet the needs of explosive population increases, and respond to requirements of aging populations around the world, are just some of the issues the chemical industry can help to resolve.

President & CEO
Tsutomu Tannowa

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Our Ideals

Mitsui Chemicals aims to contribute to society through its business activities while balancing economic, environmental, and social axes to help resolve important global social challenges such as “the realization of a cohesive society that is in harmony with the environment", "the realization of health and happiness in an aging society”, and “the realization of industrial platforms that are in harmony with local communities”.

The Group targets three business domains with high growth potential, namely “mobility” with a focus on automotive materials, “healthcare” with a focus on ophthalmic lens materials, dental materials, and nonwovens, and “food & packaging” with a focus on packaging materials and agrochemicals. At the same time, we will also deploy our commodity chemical products with a focus on petrochemicals and basic chemicals which serve as basic materials to wide social and industrial strata.

Against this backdrop, for fiscal 2016, the Group targets sales of ¥1,750 billion, operating income of ¥60 billion, a net income of ¥30 billion, and 8% ROE. In the vicinity of 2020, the Group’s performance expectations are sales of ¥1,800 billion, operating income of ¥100 billion, a net income of ¥50 billion, and 10% ROE.

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Steady Progress of Mid-Term Business Plan

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For fiscal 2014, on the tailwind of recovery of the US economy and a weaker yen, our expansion in the three growth domains of “mobility”, “healthcare”, and “food & packaging” along with our successful restructuring efforts for large volume commodity products (polyurethane raw materials, phenols, and purified terephthalic acid) resulted in an operating profit of ¥42 billion, a 69% year-on-year increase, and a net income of ¥17.3 billion.

For fiscal 2015, the Group forecasts an operating profit of ¥52 billion and a net income ¥25 billion. Our progress thus far makes us confident that we will be successful in reaching the goals set out for fiscal 2016. We kindly ask our stakeholders to share with us this future and for their continued ongoing support.

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Introduction

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Tsutomu Tannowa, President and CEO of Mitsui Chemicals, Inc. took over the reigns of the Group on April 1st 2014.

Tannowa joined Mitsui Toatsu Chemicals Co., Ltd. in 1976. After having participated in construction of a chemical complex in Algeria, he went on to marketing and sales of basic chemicals. Tannowa was then asked to overhaul the company’s human resources where he set his sights on modifying the company’s codes and regulations. These efforts became a key part of the company’s “New” Mitsui Chemicals transformation.

Appointed as managing executive officer in 2010, Tannowa was responsible for overseeing all major business operations from 2012. In 2013, as senior managing executive officer, he become one of the moving forces in restructuring the company’s business operations and the compilation of the company’s new Mid-Term Business Plan.

Tannowa is from Fukuoka prefecture and plays tennis and Japanese “go” on his days off.