#ChugokuMarinePaints

Chugoku Marine Paints, Ltd. plans changes to its directors following the Annual General Meeting of Shareholders in late June 2026, with Mr. Takao Shimizu to be promoted to Senior Managing Director. Changes to executive officers will also be implemented effective July 1, 2026.

Acquired 100% stake in Chinese subsidiary DNT Paints (Zhejiang) Co., Ltd. to make it a consolidated subsidiary. Acquisition price undisclosed. Transfer of rights and obligations scheduled for 2026-06-30.

For the third quarter of the fiscal year ending March 2026, consolidated net sales were 101,930 million yen (6.1% year-over-year increase), operating income was 12,922 million yen (11.0% year-over-year increase), and net income attributable to owners of parent for the quarter was 8,799 million yen (17.7% year-over-year decrease).

The annual dividend forecast for the fiscal year ending March 2026 has been revised upward from 97 yen to 111 yen. A special dividend of 14 yen has been added, reallocating approximately 700 million yen from the planned share buyback to dividends.