Chugoku Marine Paints,ltd.TSE: 4617

Summary of Consolidated Financial Results for the Six Months Ended September 30, 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 Six Months Ended September 30, 2025 (Under Japanese GAAP)

October 31, 2025

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

Semi-annual statement filing date (as planned)

November 12, 2025 Dividend payable date (as planned)

December 2, 2025

Supplemental material of results ：Yes

Convening briefing of results ：Yes (for analysts and institutional investors)

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

  1. Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)

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

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Six months ended

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      Millions of yen

      %

      September 30, 2025

      68,507

      8.9

      9,051

      14.1

      8,815

      3.6

      5,914

      (29.0)

      September 30, 2024

      62,935

      13.6

      7,929

      54.6

      8,507

      45.6

      8,332

      88.7

      Note:Comprehensive For the six months

      For the six months

      income

      ended September

      30, 2025

      5,156 Millions of yen ((64.0)%)

      ended September

      30, 2024

      14,339 Millions of yen (55.4%)

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      September 30, 2025

      119.26

      -

      September 30, 2024

      168.08

      -

    2. Consolidated financial position

      Total assets

      Net assets

      Capital adequacy ratio

      Net assets per share

      As of

      Millions of yen

      Millions of yen

      %

      Yen

      September 30, 2025

      143,015

      90,561

      59.9

      1,725.42

      March 31, 2025

      144,777

      89,435

      57.7

      1,684.84

      Reference:Owner's equity

      As of September 30, 2025 85,605 Millions 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

    Fiscal year ended March 31, 2025

    Fiscal year ending March 31, 2026

    Yen

    -

    -

    Yen 40.00

    48.00

    Yen

    -

    Yen

    57.00

    Yen

    97.00

    Fiscal year ending March 31, 2026

    (Forecast)

    -

    49.00

    97.00

    Note:Revisions to the forecast of cash dividends most recently announced：None

  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

231.88

Note:Revisions to the earnings forecasts most recently announced：Yes

  • Notes

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

    2. Adoption of accounting treatment specific to the preparation of semi-annual 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 September 30,

2025

55,000,00 0shares

As of March 31, 2025

55,000,000 shares

As of September 30,

2025

5,385,577 shares

As of March 31, 2025

5,421,656 shares

Six months ended

September 30, 2025

49,593,810 shares

Six months ended

September 30, 2024

49,572,653 shares

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

These financial results are not subject to review by certified public accountants or auditing firms. 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.

Semi-annual consolidated financial statements Consolidated balance sheets


Assets

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Current assets

Cash and deposits

36,768

30,700

Notes and accounts receivable - trade

36,032

38,635

Electronically recorded monetary claims -

operating

4,148

4,948

Securities

954

321

Merchandise and finished goods

15,697

15,584

Work in process

813

803

Raw materials and supplies

11,758

11,990

Other

2,776

2,541

Allowance for doubtful accounts

(575)

(608)

Total current assets

108,373

104,918

Non-current assets

Property, plant and equipment

Buildings and structures, net

5,470

5,915

Machinery, equipment and vehicles, net

4,199

4,383

Land

12,635

12,606

Other, net

2,294

2,453

Total property, plant and equipment

24,599

25,358

Intangible assets

440

425

Investments and other assets

Investment securities

8,229

9,507

Retirement benefit asset

1,113

913

Deferred tax assets

1,316

1,258

Other

1,311

1,104

Allowance for doubtful accounts

(607)

(469)

Total investments and other assets

11,363

12,313

Total non-current assets

36,403

38,097

Total assets

144,777

143,015



Liabilities

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Current liabilities

Notes and accounts payable - trade

14,630

13,126

Electronically recorded obligations - operating

1,910

2,237

Short-term borrowings

17,086

14,631

Current portion of long-term borrowings

1,700

1,000

Accounts payable - other

3,870

4,225

Income taxes payable

1,647

1,480

Provision for bonuses

265

798

Provision for product warranties

141

140

Other

5,016

4,530

Total current liabilities

46,268

42,172

Non-current liabilities

Long-term borrowings

1,000

1,739

Deferred tax liabilities

2,586

3,174

Deferred tax liabilities for land revaluation

1,975

1,975

Retirement benefit liability

2,190

2,127

Other

1,321

1,265

Total non-current liabilities

9,073

10,281

Total liabilities

55,342

52,454

Net assets

Shareholders' equity

Share capital

11,626

11,626

Capital surplus

-

66

Retained earnings

58,787

61,876

Treasury shares

(4,891)

(4,859)

Total shareholders' equity

65,522

68,709

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

3,867

4,730

Deferred gains or losses on hedges

-

2

Revaluation reserve for land

3,125

3,125

Foreign currency translation adjustment

10,770

8,686

Remeasurements of defined benefit plans

245

350

Total accumulated other comprehensive income

18,009

16,896

Non-controlling interests

5,903

4,955

Total net assets

89,435

90,561

Total liabilities and net assets

144,777

143,015

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

(Millions of yen)



Six months ended September 30, 2024

Six months ended September 30, 2025

Net sales

62,935

68,507

Cost of sales

42,094

45,139

Gross profit

20,841

23,367

Selling, general and administrative expenses

12,911

14,316

Operating profit

7,929

9,051

Non-operating income

Interest income

259

245

Dividend income

206

196

Royalty income

59

80

Technical advisory fee income

30

48

Foreign exchange gains

204

-

Other

130

212

Total non-operating income

890

783

Non-operating expenses

Interest expenses

258

221

Foreign exchange losses

-

754

Other

54

42

Total non-operating expenses

313

1,019

Ordinary profit

8,507

8,815

Extraordinary income

Gain on sale of non-current assets

2,493

7

Gain on sale of investment securities

0

0

Total extraordinary income

2,494

7

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

10,982

8,819

Income taxes - current

1,502

2,034

Income taxes - deferred

253

269

Total income taxes

1,756

2,303

Profit

9,225

6,515

Profit attributable to non-controlling interests

893

600

Profit attributable to owners of parent

8,332

5,914

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