Full-Year Financial Results Presentation Materials for Fiscal Year Ending March 2026 (Highlight Information)

Performance Overview

For the fiscal year ending March 2026, net sales amounted to 299.3 billion yen, a decrease of 3.9% year-over-year, while gross profit increased by 1.5% to 41.1 billion yen, reflecting improved profitability. Selling, general and administrative expenses rose 7.9% to 28.1 billion yen, resulting in operating income of 13.1 billion yen, down 9.9%. Ordinary income stood at 14.2 billion yen, and profit before income taxes was also 14.2 billion yen, both declining year-over-year. However, net income attributable to owners of parent increased 3.0% to 12.0 billion yen, due to reduced tax expenses and the impact of the dissolution and debt forgiveness of consolidated subsidiaries. ROE was 12.4%, and ROIC was 11.1%, achieving the medium-term management plan 'Chori Innovation Plan 2025 (CIP2025)'.

Shareholder Returns and Future Outlook

The year-end dividend was 75 yen (3 yen increase), and the annual dividend was 147 yen (5 yen increase from the previous year), continuing dividend growth. The consolidated payout ratio was 30.2%, and the dividend on equity (DOE) was 4.1%. For the fiscal year ending March 2027, net sales are forecast at 320.0 billion yen (YoY +6.9%), operating income at 14.5 billion yen (+11.1%), and net income attributable to owners of parent at 10.5 billion yen (-12.6%). The dividend policy aims for a consolidated payout ratio of over 40% and DOE of at least 3.5%, with an annual dividend forecast of 171 yen (24 yen increase). The new medium-term management plan 'Chori Innovation Plan 2028 (CIP2028)' has commenced, promoting expertise × globalization × business investment.