According to its official announcement today, Mitsubishi Gas Chemical (MGC) raised its fiscal 2026 (April 2026–March 2027) consolidated net income forecast to 650 billion yen from 550 billion yen, boosted by rising prices for IC substrate BT materials. The company also increased its operating profit target to 810 billion yen from 710 billion yen and revenue forecast to 900 billion yen from 860 billion yen. MGC's stock jumped 5.93% to 3,535 yen as of the early morning session close on November 11. The company plans to expand BT substrate material production capacity at its Thailand subsidiary MGC Electrotechno (MGC-ETT), with construction expected to begin in April 2027 and production to commence in October 2028.

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.