July 31, 2025
Chugoku Marine Paints, Ltd.
(TSE Code: 4617)
１. Consolidated Earnings Summary ２. Summary by Product and Region ３. Full-Year Outlook
４. Reference
Page 3-8 9-17 18-22 23-37Note: Figures presented in tables and graphs are expressed in millions of yen unless otherwise indicated.
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Outline
1. Consolidated Earnings Summary
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✔ Net sales increased, driven by strong sales of mainstay marine coatings and the optimization of selling prices to better reflect manufacturing costs.
✔ Profitability improved, mainly due to selling price revisions and increased sales of high-value added
products.
32,589
29,080
Net sales Up 12.1% YoY
Operating profit
Up 16.5％ YoY
32,589
29,080
Q1 FY2024
Q1 FY2025
Gross margin
32.6%
33.5%
3,922
3,367
Q1 FY2024
Q1 FY2025
2025年度 1Q
2025年度 1Q
2024年度 1Q
2025年度 1Q
2025年度 1Q
2024年度 1Q
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Consolidated Q1 earnings highlights
Profitability improved due to selling price revisions and an improved product mix, with the gross margin up 0.9pp YoY.
The operating profit margin rose to 12.0%, as higher gross profit absorbed an increase in SG&A expenses (mainly
personnel and transportation expenses).
While selling price hikes contributed about ¥1,220 million to operating profit, higher raw material procurement costs depressed the indicator by ¥400 million (both are estimates).
Profit attributable to owners of parent declined, reflecting the absence of a ¥2,443 million gain on sale of non-current assets
recorded in Q1 FY2024.
Q1 FY2024 | Q1 FY2025 | Change | % change | |||
Net sales | 29,080 | 100.0% | 32,589 | 100.0% | ＋3,508 | ＋12.1% |
Gross profit | 9,485 | 32.6% | 10,910 | 33.5% | ＋1,425 | ＋15.0% |
SG&A expenses | 6,117 | 21.0% | 6,988 | 21.4% | ＋870 | ＋14.2% |
Operating profit | 3,367 | 11.6% | 3,922 | 12.0% | ＋554 | ＋16.5% |
Ordinary profit | 3,871 | 13.3% | 3,966 | 12.2% | ＋94 | ＋2.4% |
Profit before income taxes | 6,314 | 21.7% | 3,966 | 12.2% | －2,348 | －37.2% |
Profit attributable to owners of parent | 4,949 | 17.0% | 2,531 | 7.8% | －2,418 | －48.9% |
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Consolidated income statement