Translation ― Original text in Japanese
FY03/2026 (April 1, 2025 to March 31, 2026)
Financial Results Materials
(Highlights)
April 28, 2026Key Points of the Summary
The Final Fiscal Year of the Medium-Term Management Plan,
Chori Innovation Plan 2025 (CIP2025)
While net sales fell short of the plan, net profit attributable to owners of parent, ROE, and other key indicators met the targets.
Profitability improved through the promotion of high value-added businesses, resulting in an
increase in the gross profit margin.
Stable operation of SAP was established, and preparations for data-driven management steadily progressed.
POINT
- Net sales and profit decreased YoY.
- Owing to a decrease in income tax expenses, net profit attributable to owners of parent increased.
-
ROE*1 12.4% CIP2025 achieved.
*2
-
ROIC 11.1% CIP2025 achieved.
efficiency
Dividends
*1: Net profit attributable to owners of parent basis
*2: ROIC = Operating profit after income taxes / Invested capital (Equity + Interest-bearing debt) average during the period
-
ROIC 11.1% CIP2025 achieved.
efficiency
Dividends
-
The year-end dividend increased from the dividend forecast. Continued dividend increase.
Year-end dividend ¥75 per share (Dividend increase of ¥3 per share from the dividend forecast)
Annual dividend ¥147 per share (Dividend increase of ¥5 per share from the payment for the year ended March 31, 2025)
Consolidated dividend payout ratio: 30.2% Dividend on shareholders' equity (DOE) ratio: 4.1%
Topics- Disclosed the new Medium-Term Management Plan, Chori Innovation Plan 2028 (CIP2028).
Business Results Breakdown (YoY Comparison)
The Japanese economy continues to show a moderate recovery trend, with stable employment and income
conditions.
The outlook for the global economy is uncertain due to factors such as sluggish growth in domestic demand in
China and the deteriorating of the situation in the Middle East.
Overall sales remained sluggish, resulting in a decline in net sales. Although gross profit increased due to improved profitability, operating profit declined due to the inability to absorb an increase in SG&A expenses, including increased personnel and system-related costs. Income taxes decreased due to the dissolution and debt forgiveness of a consolidated subsidiary, resulting in an increase in net profit attributable to owners of parent.
POINT
Unit: billions of yen | FY03/2025 | FY03/2026 | Difference | Ratio |
Net sales | 311.5 | 299.3 | -12.3 | -3.9% |
Gross profit | 40.5 | 41.1 | +0.6 | +1.5% |
Selling, general and administrative expenses | 26.0 | 28.1 | +2.0 | +7.9% |
Operating profit | 14.5 | 13.1 | -1.4 | -9.9% |
Ordinary profit | 16.2 | 14.2 | -2.0 | -12.4% |
Profit before income taxes | 16.3 | 14.2 | -2.1 | -13.0% |
Net profit attributable to owners of parent | 11.7 | 12.0 | +0.4 | +3.0% |
Reasons for Changes in Profit before Income Taxes
Unit: billions of yen
16.3
14.2
-1.0 +0.3
Effect of decreased sales
Improved gross profit margin
Increased
SG&A
expenses
One-off profit recorded in FY03/2025
Decreased interest expenses, etc.
Reversal of allowance for doubtful accounts: ¥0.8 billion Gain on sale of investment securities: ¥0.8 billion
Loss on valuation of investment securities: -¥0.3 billion Impairment loss on fixed assets: -¥0.3 billion
FY03/2025 FY03/2026
Trends in Business PerformanceFY03/2025 | FY03/2026 | ||||||||||
1Q | 2Q | 3Q | 4Q | Full-year total | 1Q | 2Q | 3Q | 4Q | Full-year total | ||
Net sales | 77.0 | 77.5 | 75.8 | 81.3 | 311.5 | 71.6 | 73.4 | 76.6 | 77.7 | 299.3 | |
Profit (loss) before income taxes | 5.6 | 3.7 | 3.4 | 3.6 | 16.3 | 3.2 | 3.6 | 3.9 | 3.4 | 14.2 | |
Fibers, Textiles, and Garments | 2.6 | 1.8 | 1.7 | 1.6 | 7.7 | 1.5 | 1.8 | 1.9 | 1.9 | 7.1 | |
Chemicals | 2.8 | 1.8 | 2.2 | 2.2 | 8.9 | 2.0 | 1.9 | 2.2 | 1.8 | 8.0 | |
Machinery | 0.1 | 0.2 | 0.1 | 0.2 | 0.6 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | |
Others* | 0.1 | -0.0 | -0.6 | -0.4 | -0.9 | -0.4 | -0.2 | -0.2 | -0.4 | -1.2 | |
Net profit attributable to owners of parent | 4.2 | 2.9 | 2.1 | 2.5 | 11.7 | 2.5 | 2.6 | 2.5 | 4.4 | 12.0 | |
*"Others" includes adjustments.
Segment Results
Net sales
Unit: billions of yen
Fibers, Textiles, and Garments
FY03/2025
FY03/2026
Difference
Fibers, Textiles,
and Garments
152.7
145.8
-7.0
Chemicals
157.9
152.7
-5.2
Machinery
0.9
0.8
-0.1
Others
0.1
0.1
-0.0
Total
311.5
299.3
-12.3
Chemicals ■ Machinery ■ Others
0.8
0.1
0.1
0.9
152.7
157.9
145.8
152.7
FY03/2025 FY03/2026
FY03/2025 | FY03/2026 | Difference | |
Fibers, Textiles, and Garments | 7.7 | 7.1 | -0.6 |
Chemicals | 8.9 | 8.0 | -0.9 |
Machinery | 0.6 | 0.3 | -0.3 |
Others* | -0.9 | -1.2 | -0.3 |
Total | 16.3 | 14.2 | -2.1 |
Unit: billions of yen
Fibers, Textiles, and Garments
8.9
0.6
-0.9
0.3
-1.2
8.0
7.1
7.7
Chemicals ■ Machinery ■ Others*
FY03/2025 FY03/2026
*"Others" includes adjustments.
Fibers, Textiles, and Garments Chemicals Machinery
Decreased sales and profit
Decreased sales and profit
Decreased sales and profit
Steady
Sluggish
Career Apparel & Workwear
Industrial textiles
Textile sales to the Middle East Apparel
Inorganic Fine Materials Fine chemicals
Steady
Sluggish Performance chemicals
Absence of the reversal of
Sluggish
Automotive sales for Europe
Decreased
allowance for doubtful accounts
CHORI CO., LTD. 4