Consolidated Financial Results for the Nine Months Ended December 31, 2025[PDF: 459KB]

January 30, 2026

Company name: CHORI CO., LTD. Listing: Tokyo Stock Exchange (Prime) Securities code: 8014 URL: https://www.chori.co.jp/english/ Representative: Tatsuyuki Sakoda, President, CEO & COO

Inquiries: Kazuyoshi Matsuura, Manager of Corporate Management Dept. Telephone: +81-3-5781-6201

Scheduled date to commence dividend payments: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

(Amounts are rounded down to the nearest million yen)

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 before income taxes		Net profit attributable to owners of parent
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      Dec. 31, 2025	221,611	(3.8)	9,993	(5.0)	10,747	(10.4)	10,776	(15.5)	7,601	(16.7)
      Dec. 31, 2024	230,257	(1.3)	10,518	(11.8)	11,996	1.7	12,748	6.7	9,123	13.1

      Note: Comprehensive income

      For the nine months ended Dec. 31, 2025: 7,909 million yen [(17.5)%]

      For the nine months ended Dec. 31, 2024: 9,583 million yen [(12.5)%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	yen	yen
      Dec. 31, 2025	308.42	-
      Dec. 31, 2024	370.23	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity ratio
   As of Dec. 31, 2025 Mar. 31, 2025	Millions of yen 148,454 146,076	Millions of yen 96,188 92,101	% 64.7 63.0

   Reference: Equity

   As of Dec. 31, 2025: 96,088 million yen

   As of Mar. 31, 2025: 92,009 million yen

2. Dividends

   	Annual dividends per share
   	1stquarter-end	2ndquarter-end	3rdquarter-end	Fiscal year-end	Total
   Fiscal year ended Mar. 31, 2025 Fiscal year ending Mar. 31, 2026	yen - -	yen 61.00 72.00	yen - -	yen 81.00	yen 142.00
   Fiscal year ending Mar. 31, 2026 (Forecast)				72.00	144.00

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

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes)

Note: Revisions to the most recently announced forecasts of consolidated financial results: Yes

For further details, please refer to the "Notice Regarding Revisions to the Forecast of Consolidated Financial Results for the Year Ending March 31, 2026," which was released today (January 30, 2026).

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

   Excluded: -

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 restatements

   1. Changes in accounting policies due to the revision of accounting standards, etc.: None

   2. Changes in accounting policies due to other reasons: Yes

   3. Changes in accounting estimates: None

   4. Restatements: None

      Note: Please refer to "2. Quarterly Consolidated Financial Statements and Main Notes (3) Notes to Quarterly Consolidated Financial Statements (Changes in accounting policies)" on page 9 of the Appendix for details.

4. Number of issued shares (common shares)

Note: The Company has introduced the Board Benefit Trust - Restricted Stock (BBT-RS), and the number of shares of the Company held by the trust are included in that of treasury shares to be deducted in calculating the number of treasury shares at the end of the period and the average number of shares outstanding during the period.

• Review of the attached quarterly consolidated financial statements

  by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

The forward-looking statements in this document are based on the information available at the time of publication and certain assumptions that the Company judges as rational. In addition, actual financial results may vary significantly due to various reasons. The Company, therefore, wishes to caution that readers should not place undue reliance on forward-looking statements.

Please refer to "1. Overview of Operating Results (3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information" on page 4 of the Appendix for the prerequisites for the forward-looking statements and precautions on their use.

〇 Contents of Appendix

1. Overview of Operating Results 2

   1. Overview of Operating Results for the Current Quarterly Consolidated Accounting Period 2

   2. Overview of Financial Position for the Current Quarterly Consolidated Accounting Period 3

   3. Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information 4

2. Quarterly Consolidated Financial Statements and Main Notes 5

   1. Quarterly Consolidated Balance Sheet 5

   2. Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income 7

      Quarterly Consolidated Statements of Income 7

      Quarterly Consolidated Statements of Comprehensive Income 8

   3. Notes to Quarterly Consolidated Financial Statements 9

(Note regarding assumptions of a going concern) 9

(Notes in case of significant changes in shareholders' equity) 9

(Changes in accounting policies) 9

(Additional information) 9

(Notes on segment information, etc.) 10

(Notes on quarterly consolidated statements of cash flows) 11

1. Overview of Operating Results

1. Overview of Operating Results for the Current Quarterly Consolidated Accounting Period

   During the nine months ended December 31, 2025, the Japanese economy, despite continuous price increases, maintained the stable employment and income environment, supported by robust corporate earnings, and continued to experience a moderate recovery trend. In the global economy, a slowdown in domestic demand in China weighed on the country's economy. Combined with the ongoing geopolitical risks and the impact of U.S. trade policies on other countries, this has kept the outlook uncertain.

   Under these circumstances, CHORI CO., LTD. (the "Company") and its subsidiaries (the "Chori Group" or the "Group") are steadily implementing the basic strategy of the medium-term management plan (Chori Innovation Plan 2025) announced on April 28, 2023, and are working to achieve sustainable growth on a global basis and transform the Group's business through digital transformation.

   As for the consolidated financial results for the consolidated period under review, net sales decreased by 3.8% year-on-year to 221,611 million yen, operating profit decreased by 5.0% year-on-year to 9,993 million yen, ordinary profit decreased by 10.4% year-on-year to 10,747 million yen, profit before income taxes decreased by 15.5% year-on-year to 10,776 million yen, and net profit attributable to owners of parent decreased by 16.7% year-on-year to 7,601 million yen.

   (Unit: Millions of yen)

   	Nine months ended Dec. 31, 2024	Nine months ended Dec. 31, 2025	Increase (decrease)	Year on year (%)
   Net sales	230,257	221,611	(8,646)	(3.8)
   Operating profit	10,518	9,993	(524)	(5.0)
   Ordinary profit	11,996	10,747	(1,248)	(10.4)
   Profit before income taxes	12,748	10,776	(1,971)	(15.5)
   Net profit attributable to owners of parent	9,123	7,601	(1,522)	(16.7)

   The results of each business segment are as follows.

   1. Fibers, Textiles, and Garments

      (Unit: Millions of yen)

      	Nine months ended Dec. 31, 2024	Nine months ended Dec. 31, 2025	Increase (decrease)	Year on year (%)
      Net sales	111,874	106,830	(5,043)	(4.5)
      Profit before income taxes	6,066	5,169	(896)	(14.8)

      In this segment, net sales decreased by 4.5% year-on-year to 106,830 million yen, primarily due to the fibers and textiles materials sectors performing sluggishly. Segment profit (profit before income taxes) decreased by 14.8% year-on-year to 5,169 million yen, mainly due to the absence of the gain on sale of investment securities recorded in the same period of the previous fiscal year.

   2. Chemicals

      (Unit: Millions of yen)

      	Nine months ended Dec. 31, 2024	Nine months ended Dec. 31, 2025	Increase (decrease)	Year on year (%)
      Net sales	117,698	114,128	(3,570)	(3.0)
      Profit before income taxes	6,702	6,122	(579)	(8.6)

      In this segment, net sales decreased by 3.0% year-on-year to 114,128 million yen, mainly due to sluggish market conditions in the performance chemicals field. Segment profit (profit before income taxes) decreased by 8.6% year-on-year to 6,122 million yen, mainly due to the absence of a reversal of allowance for doubtful accounts recorded in the same period of the previous fiscal year, when the Company collected a portion of receivables from a chemical manufacturing group in China.

   3. Machinery

      (Unit: Millions of yen)

      	Nine months ended Dec. 31, 2024	Nine months ended Dec. 31, 2025	Increase (decrease)	Year on year (%)
      Net sales	621	590	(31)	(5.1)
      Profit before income taxes	443	290	(152)	(34.5)

      In this segment, net sales decreased by 5.1% year-on-year to 590 million yen, mainly due to the sluggish automobile sales for Europe. Segment profit (profit before income taxes) decreased by 34.5% year-on-year to 290 million yen.

2. Overview of Financial Position for the Current Quarterly Consolidated Accounting Period

(Assets)

Total assets at the end of the consolidated period under review were 148,454 million yen, an increase of 2,377 million yen from the end of the previous consolidated fiscal year. This was mainly due to increases of 4,103 million yen in software, 3,261 million yen in notes and accounts receivable - trade, 1,287 million yen in investments and other assets, partially offset by decreases of 4,708 million yen in software in progress, 1,002 million yen in deposits paid to subsidiaries and associates, and 673 million yen in goods in transit. The decrease in software in progress reflects its reclassification to software.

(Liabilities)

Liabilities at the end of the consolidated period under review were 52,265 million yen, a decrease of 1,708 million yen from the end of the previous consolidated fiscal year. This was mainly due to decreases of 1,329 million yen in income taxes payable, 511 million yen in provision for bonuses, and 377 million yen in notes and accounts payable - trade, offsetting increases of 431 million yen in deferred tax liabilities.

(Net assets)

Net assets at the end of the consolidated period under review were 96,188 million yen, an increase of 4,086 million yen from the end of the previous consolidated fiscal year. This was mainly due to increases of 7,601 million yen resulting from the recording of net profit attributable to owners of parent and 1,077 million yen in valuation difference on available-for-sale securities, offsetting decreases of 3,791 million yen due to the payment of dividends and 885 million yen in foreign currency translation adjustment.