Chori (8014) investor relations material

Executive summary

• Revenue and profit increased year-over-year in the first quarter, marking a strong start to the Chori Innovation Plan 2028.

• Net sales rose 6.0% year-over-year to ¥75,853 million, with operating profit up 11.2% to ¥3,654 million and net profit attributable to owners up 23.5% to ¥3,095 million.

• Comprehensive income surged 164.3% year-over-year to ¥3,855 million, reflecting strong performance and favorable currency effects.

• Maintained profitability despite higher procurement costs and geopolitical tensions in the Middle East.

• The company is advancing its Chori Innovation Plan 2028, focusing on expertise, globalization, and strategic business investment.

Financial highlights

• Net sales rose to ¥75.9 billion, up 6.0% year-over-year, supported by demand and a weaker yen.

• Gross profit increased to ¥10,892 million from ¥10,067 million year-over-year.

• Operating profit grew 11.2% to ¥3.7 billion; ordinary profit up 25.0% to ¥4.1 billion.

• Net profit attributable to owners of parent rose 23.5% to ¥3.1 billion.

• Basic earnings per share rose to ¥125.59 from ¥101.66 year-over-year.

Outlook and guidance

• Both net sales and operating profit are progressing steadily toward the full-year forecast under CIP2028.

• Full-year FY2027 guidance: net sales ¥320,000 million (+6.9% YoY), operating profit ¥14,500 million (+11.1%), net profit attributable to owners ¥10,500 million (+12.6%), and EPS ¥426.04.

• Annual dividend forecast maintained at ¥171 per share, with a payout ratio of 40% or more.

• No changes to previously announced forecasts; actual results may vary due to external uncertainties.