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Chugoku Marine Paints, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Raises Record High Profit Forecast

Fri Oct 31, 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 October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 3.6% from the same period last year, reaching 8.81 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 7.3%, from the previous forecast of 16.5 billion yen to 17.7 billion yen (compared to 16.4 billion yen in the previous period), increasing the growth rate from 0.1% to 7.4%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 11.4% from the same period last year, reaching 8.88 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 4.6% from the same period last year, reaching 4.84 billion yen. The operating profit margin rose from 13.5% in the same period last year to 14.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 55,378 5,129 5,841 4,416 89.1 44.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 62,935 7,929 8,507 8,332 168.1 51.6 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 68,507 9,051 8,815 5,914 119.3 49.8 Oct 31, 2025 J-GAAP
YoY +8.9% +14.2% +3.6% -29.0% -29.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 48 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 68,507 9,051 8,815 5,914 119.3 48 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 133,000 16,000 16,500 11,000 221.7 97 May 9, 2025 J-GAAP
Mar, 2026 New 137,000 17,500 17,700 11,500 231.8 97 Oct 31, 2025 J-GAAP
Revision Rate +3.0% +9.4% +7.3% +4.5% +4.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 68,217 7,452 7,974 5,389 108.7 57 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 68,493 8,449 8,885 5,586 112.6 49 Oct 31, 2025 J-GAAP
YoY +0.4% +13.4% +11.4% +3.7% +3.6%

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 137,000 17,500 17,700 11,500 231.8 97 Oct 31, 2025 J-GAAP
YoY +4.5% +13.8% +7.4% -16.2% -16.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 32,589 3,922 3,966 2,531 51.1 12.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 35,918 5,129 4,849 3,383 68.2 14.3 Oct 31, 2025 J-GAAP
YoY +6.1% +12.4% +4.6% 0.0% 0.0%

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