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Chugoku Marine Paints, 0.1％ Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 7 yen, Plan to Continue the 97 yen Policy This Fiscal Year as Well

Fri May 9, 2025 3:30 pm JST Earnings

4617 Chugoku Marine Paints,Ltd. 【J-GAAP】

Earnings Report

Chugoku Marine Paints,Ltd. <4617> [TSE Prime] announced its financial results after the market closed on May 9th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 increased 26.5% from the previous period to 16.4 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is nearly flat with a slight increase of 0.1% to 16.5 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the fourth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 90 yen to 97 yen (compared to 80 yen in the prior term), and has decided to continue with a dividend of 97 yen for the current term as well.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 50.6% from the same period last year, reaching 4.46 billion yen. The operating profit margin rose from 10.4% in the same period last year to 10.7%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 99,481 3,887 4,351 3,848 76.7 35 May 10, 2023 J-GAAP
Mar, 2024 116,174 12,185 13,025 9,892 199.6 80 May 9, 2024 J-GAAP
Mar, 2025 131,152 15,381 16,481 13,721 276.8 97 May 9, 2025 J-GAAP
YoY +12.9% +26.2% +26.5% +38.7% +38.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 130,000 15,600 16,600 13,500 272.3 90 Feb 4, 2025 J-GAAP
Mar, 2025 Results 131,152 15,381 16,481 13,721 276.8 97 May 9, 2025 J-GAAP
Revision Rate +0.9% -1.4% -0.7% +1.6% +1.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 62,935 7,929 8,507 8,332 168.1 40 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 48 May 9, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 116,174 12,185 13,025 9,892 199.6 80 May 9, 2024 J-GAAP
Mar, 2025 131,152 15,381 16,481 13,721 276.8 97 May 9, 2025 J-GAAP
Mar, 2026 Guidance 133,000 16,000 16,500 11,000 221.7 97 May 9, 2025 J-GAAP
YoY +1.4% +4.0% +0.1% -19.8% -19.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 30,034 3,134 2,966 2,217 44.7 10.4 May 9, 2024 J-GAAP
Apr - Jun, 2024 29,080 3,367 3,871 4,949 99.9 11.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 33,855 4,562 4,636 3,383 68.2 13.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 33,120 3,714 3,508 2,359 47.6 11.2 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 35,097 3,738 4,466 3,030 61.1 10.7 May 9, 2025 J-GAAP
YoY +16.9% +19.3% +50.6% +36.7% +36.6%

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