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Multiple factors have led to a decline in demand
By Japan's domestic impact of the new crown pneumonia epidemic, a major Japanese technology companies have a scheduled for 2019 fiscal year in early May announced (April 2019 to 2020 March 31 1st) to postpone the performance until late May or even June release .
Japan
Mitsubishi Chemical Holdings said that the new crown pneumonia epidemic suppressed global economic activity in the fourth fiscal quarter.
plastic
The operating profit of Mitsubishi Chemical’s largest segment, the chemical business, fell 76% to 30.
Sumitomo Chemical said that the company's fiscal year 2019 net profit fell 73.
According to the Asahi Kasei report, net profit for this fiscal year fell 29.
Mitsui Chemicals’ annual financial report showed that the company’s net profit fell by 50% to 37.
Toray’s consolidated financial results have been postponed until May 28th.
Shin-Etsu Chemical is the only major Japanese chemical company that has achieved growth in net profit.
The international market is not optimistic about the Japanese chemical industry under the new crown pneumonia epidemic.
Due to the spread of the new crown epidemic, IHS Markit has lowered its growth forecast for the Japanese chemical industry.
(Keyword: Japan Plastics)