is a Japanese company formed in October 2005 from the merger of Mitsubishi Chemical Corporation and

Mitsubishi Pharma Corporation Mitsubishi Tanabe Pharma Corporation is a Japanese pharmaceuticals company from Osaka, a subsidiary of Mitsubishi Chemical Holdings Corporation. was formed in 2001 from the merger of Mitsubishi-Tokyo Pharmaceuticals and Welfide Corporation. On ...

. The company is based in Tokyo and is one of the core

Mitsubishi The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...

companies.

History

On December 4, 2021, the company announced they would be leaving the commodity chemical businesses by the 2023 fiscal year. The petrochemical and coal-chemical units accounted for $4.8 billion a year in sales and they said the reason for divesting is Japan's shift toward

carbon neutrality Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the "p ...

and poor growth potential.

References

External links

* Companies listed on the Tokyo Stock Exchange Companies listed on the Osaka Exchange Mitsubishi companies Japanese companies established in 2005 Holding companies established in 2005 Holding companies based in Tokyo {{japan-company-stub