Mitsubishi Chemical Exits J-Film with 33.6 Billion Yen Sales as Q1 Profit Plunges 50 Percent

After announcing its withdrawal from the toner polyester resin business on July 25, Mitsubishi Chemical revealed it will sell all shares of J-Film Corporation—its wholly owned film and laminate subsidiary—to Marunouchi Capital Fund III’s special purpose entity, with the deal expected to close on December 29. J-Film, founded in 1955, posted net sales of 33.6 billion yen in the March 2025 fiscal year, supplying plastic films for food packaging and other applications, as well as printing plates and polyolefin resins.

The strategic move comes as Mitsubishi Chemical’s latest Q1 results show steep declines: April–June sales fell 13.4% year-on-year to 880.7 billion yen, while net profit dropped 36.1% to 35.97 billion yen. Net income attributable to the parent plummeted 50.5% to 19.63 billion yen, pressured by a slowing economy and U.S. trade policy headwinds.

The divestment is part of Mitsubishi Chemical’s new mid-term management plan to boost business focus and resilience amid global uncertainty. The company is rapidly reshaping its portfolio to weather economic slowdown and shifting market dynamics.