Chugoku Marine Paints (4617) Q2 2027 earnings summary

Executive summary

• H1 FY2027 net sales rose 15.8% YoY to ¥79,342 million; operating profit increased 26.4% to ¥11,437 million and profit attributable to owners of parent rose 33.5% to ¥7,892 million.

• The FY2027 forecast targets net sales of ¥160,000 million and parent-attributable profit of ¥13,000 million; the earnings forecast was revised.

Financial highlights

• Gross profit was ¥27,732 million versus ¥23,367 million YoY; SG&A rose to ¥16,295 million from ¥14,316 million.

• Ordinary profit increased 36.4% YoY to ¥12,023 million; comprehensive income was ¥12,052 million, up 133.7%.

• Profit was ¥9,285 million versus ¥6,515 million; profit attributable to non-controlling interests increased to ¥1,392 million from ¥600 million.

• Operating cash flow was ¥772 million versus ¥2,927 million YoY; cash and cash equivalents ended the period at ¥34,929 million versus ¥26,595 million a year earlier.

Outlook and guidance

• FY2027 forecast: net sales ¥160,000 million, up 14.8%; operating profit ¥20,000 million, up 14.7%; ordinary profit ¥20,500 million, up 14.9%.

• Forecast parent-attributable profit is ¥13,000 million, up 18.2%, with basic EPS of ¥261.93; the earnings forecast was revised.

• FY2027 annual dividend forecast is ¥100 per share, comprising ¥50 for Q2 and ¥50 year-end; no revision to the dividend forecast was announced.