Company Profile For Mitsubishi Rayon Company,Limited

Mitsubishi Rayon Company, Limited is a Japan-based manufacturing company. The Company has four business segments. The Chemicals and Resins segment manufactures, processes and sells products including chemicals, molding materials, boards, coating materials, plastic optical fibers, plastic rod lenses and liquid crystal (LC) prism sheets. The Acrylic Fiber, Acrylonitrile (AN) and Derivative segment manufactures, processes and sells acrylic fibers, acrylonitrile and derivatives. The Carbon Fibers, Composite Materials segment manufactures, processes and sells products including carbon fibers and composite processed materials. The Acetate, Functional Film and Others segment manufactures, processes and sells acetate fibers, polyester fibers, polypropylene fibers, artificial suede, hollow-fiber membrane filters, freshwater equipment, water treatment systems and construction materials. The Company had 53 subsidiaries and 18 associated companies.

BRIEF: For the six months ended 30 September 2009, Mitsubishi Rayon Company, Limted's revenues fell 24% to Y149.79B. The Company's net loss totaled Y9.78B, vs. an income of Y126M. Revenues reflect unfavorable sales from chemicals & plastics, acrylic fibers and carbon fibers & complex material business segments. Net loss also suffers from higher percentages of SGA expenses, as well as increased impairment loss.