Chugoku Marine Paints,ltd.TSE: 4617

Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2025

· Issued by Chugoku Marine Paints,ltd.


Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

February 3, 2026

Company name CHUGOKU MARINE PAINTS, LTD. Stock exchange listings: Tokyo Prime Securities code 4617 URL https://www.cmp.co.jp/

Representative (Title) President (Name)Kenshi Date

Managing Executive Officer /

Inquiries (Title)

Chief of Administration Headquarter

(Name)Shinji Nakamura Tel 03-6457-9025

Dividend payable date (as planned) － Supplemental material of results： Yes Convening briefing of results ： None

(Yen amounts are rounded down to millions, unless otherwise noted.)

  1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

    1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Nine months ended

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      December 31, 2025

      101,930

      6.1

      12,922

      11.0

      13,262

      10.4

      8,799

      (17.7)

      December 31, 2024

      96,055

      11.5

      11,643

      28.6

      12,015

      19.4

      10,691

      39.3

      Note:Comprehensive For the nine months

      For the nine months

      income

      ended December 31,

      2025

      11,021Millions of yen ((19.7)%)

      ended December 31,

      2024

      13,723Millions of yen ((2.6)%)

      Basic earnings per share

      Diluted earnings per share

      Nine months ended

      Yen

      Yen

      December 31, 2025

      177.41

      -

      December 31, 2024

      215.66

      -

    2. Consolidated financial position

      Total assets

      Net assets

      Capital adequacy ratio

      Net assets per share

      As of

      Millions of yen

      Millions of yen

      %

      Yen

      December 31, 2025

      151,487

      93,810

      58.4

      1,781.71

      March 31, 2025

      144,777

      89,435

      57.7

      1,684.84

      Reference:Owner's equity As of December 31, 2025 88,397Millions of yen As of March 31, 2025 83,531Millions of yen

  2. Cash dividends

    Annual dividend

    First quarter

    Second quarter

    Third quarter

    Year end

    Annual

    Yen

    Yen

    Yen

    Yen

    Yen

    Fiscal year ended March 31, 2025

    -

    40.00

    -

    57.00

    97.00

    Fiscal year ending March 31, 2026

    -

    48.00

    -

    Fiscal year ending March 31, 2026

    (Forecast)

    63.00

    111.00

    Note: 1. Revisions to the forecast of cash dividends most recently announced：Yes

    2. Breakdown of year-end dividend for the fiscal year ending March 31, 2026(Forecast). Ordinary dividend: 49.00 yen Special dividend: 14.00 yen

  3. Consolidated financial forecast for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Fiscal year ending

March 31, 2026

Millions of

yen 137,000

%

4.5

Millions of

yen 17,500

%

13.8

Millions of

yen 17,700

%

7.4

Millions of

yen 11,500

%

(16.2)

Yen

231.86

Note:Revisions to the earnings forecasts most recently announced：None

  • Notes

    1. Significant changes in the scope of consolidation during the period：None

    2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements：None

    3. Changes in accounting policies, changes in accounting estimates, and restatement

      1. Changes in accounting policies due to revisions to accounting standards and other regulations ：None

      2. Changes in accounting policies due to other reasons ：None

      3. Changes in accounting estimates ：None

      4. Restatement ：None

    4. Number of issued shares (common shares)

As of December 31, 2025

55,000,000shares

As of March 31, 2025

55,000,000shares

As of December 31, 2025

5,385,962shares

As of March 31, 2025

5,421,656shares

Nine months ended

December 31, 2025

49,599,932shares

Nine months ended

December 31, 2024

49,574,481shares

① Number of issued and outstanding shares at the period end (including treasury stock)

② Number of treasury stock at the period end

③ Average number of shares (quarterly period-YTD)

Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm：Yes (voluntary)

Explanation regarding the appropriate use of forecasts of business results and other special instructions

These forecasts are based on various assumptions made at the date of release of these materials, including the information available at the date of release of these materials and uncertain factors that may affect future results, and the Company makes no representations as to their achievability. Actual results may differ materially from these forecasts as a consequence of various factors.

Quarterly consolidated financial statements Consolidated balance sheets

Assets

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Current assets

Cash and deposits

36,768

35,362

Notes and accounts receivable - trade

36,032

35,793

Electronically recorded monetary claims -

operating

4,148

5,930

Securities

954

909

Merchandise and finished goods

15,697

16,938

Work in process

813

819

Raw materials and supplies

11,758

13,069

Other

2,776

2,589

Allowance for doubtful accounts

(575)

(629)

Total current assets

108,373

110,783

Non-current assets

Property, plant and equipment

Buildings and structures, net

5,470

5,981

Machinery, equipment and vehicles, net

4,199

4,539

Land

12,635

12,627

Other, net

2,294

2,569

Total property, plant and equipment

24,599

25,718

Intangible assets

440

404

Investments and other assets

Investment securities

8,229

11,680

Retirement benefit asset

1,113

971

Deferred tax assets

1,316

1,245

Other

1,311

1,171

Allowance for doubtful accounts

(607)

(488)

Total investments and other assets

11,363

14,581

Total non-current assets

36,403

40,703

Total assets

144,777

151,487

Liabilities

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Current liabilities

Notes and accounts payable - trade

14,630

13,658

Electronically recorded obligations - operating

1,910

2,677

Short-term borrowings

17,086

18,834

Current portion of long-term borrowings

1,700

-

Accounts payable - other

3,870

3,383

Income taxes payable

1,647

1,323

Provision for bonuses

265

961

Provision for product warranties

141

135

Other

5,016

4,739

Total current liabilities

46,268

45,713

Non-current liabilities

Long-term borrowings

1,000

2,738

Deferred tax liabilities

2,586

3,792

Deferred tax liabilities for land revaluation

1,975

1,975

Retirement benefit liability

2,190

2,197

Other

1,321

1,259

Total non-current liabilities

9,073

11,962

Total liabilities

55,342

57,676

Net assets

Shareholders' equity

Share capital

11,626

11,626

Retained earnings

58,787

62,375

Treasury shares

(4,891)

(4,859)

Total shareholders' equity

65,522

69,142

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

3,867

5,620

Deferred gains or losses on hedges

-

3

Revaluation reserve for land

3,125

3,125

Foreign currency translation adjustment

10,770

10,164

Remeasurements of defined benefit plans

245

341

Total accumulated other comprehensive income

18,009

19,255

Non-controlling interests

5,903

5,412

Total net assets

89,435

93,810

Total liabilities and net assets

144,777

151,487

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative)

(Millions of yen)

Nine months ended December 31, 2024

Nine months ended December 31, 2025

Net sales

96,055

101,930

Cost of sales

64,813

67,519

Gross profit

31,241

34,410

Selling, general and administrative expenses

19,598

21,488

Operating profit

11,643

12,922

Non-operating income

Interest income

396

401

Dividend income

326

332

Royalty income

90

118

Technical advisory fee income

53

81

Other

326

322

Total non-operating income

1,193

1,256

Non-operating expenses

Interest expenses

376

337

Foreign exchange losses

364

502

Other

80

76

Total non-operating expenses

821

916

Ordinary profit

12,015

13,262

Extraordinary income

Gain on sale of non-current assets

2,492

9

Gain on sale of investment securities

0

0

Total extraordinary income

2,492

9

Extraordinary losses

Loss on sale of non-current assets

0

0

Loss on sale of investment securities

-

3

Loss on valuation of investment securities

19

-

Total extraordinary losses

19

3

Profit before income taxes

14,488

13,268

Income taxes - current

2,089

2,857

Income taxes - deferred

444

509

Total income taxes

2,534

3,367

Profit

11,954

9,900

Profit attributable to non-controlling interests

1,263

1,100

Profit attributable to owners of parent

10,691

8,799

-

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