Chugoku Marine Paints, Ltd. Financial Summary for the Second Quarter of the Fiscal Year Ending March 2027 (Interim) [Japanese GAAP] (Consolidated)

Overview of Results

For the interim period, the Group recorded net sales of 79,342 hundred million yen (Year-over-Year +15.8%), operating income of 11,437 hundred million yen (Year-over-Year +26.4%), ordinary income of 12,023 hundred million yen (Year-over-Year +36.4%), and interim net income attributable to owners of parent of 7,892 hundred million yen (Year-over-Year +33.5%). In the marine coatings segment, shipments for newbuild vessels increased and sales promotion of higher value-added products for repair vessels advanced. Measures to absorb rising raw material costs through appropriate price adjustments progressed, leading to significant profit improvement. By region, sales increased in Japan, China and Southeast Asia. Although product value-enhancement continued in Europe and the United States, revenue was partly affected by foreign exchange and other factors.

Financial Position and Outlook

Total assets were 169,233 hundred million yen, equity ratio was 61.0%, and net assets were 109,908 hundred million yen. For the fiscal year ended March 2026, the year-end dividend totaled 111 yen (ordinary dividend 49 yen and special dividend 14 yen). A dividend forecast of 50 yen for the fiscal year ending March 2027 was announced at the end of the second quarter. Consolidated forecasts for the fiscal year ending March 2027 are net sales 160,000 hundred million yen, operating income 20,000 hundred million yen, ordinary income 20,500 hundred million yen, and net income attributable to owners of parent 13,000 hundred million yen.