Chugoku Marine Paints,Ltd.

The Group's core business is the manufacture and sale of paints. It has local subsidiaries in Japan and overseas and operates a business portfolio centered on marine paints, together with related businesses such as industrial paints and container paints. Over the long term, the Group aims to achieve the world's leading share of the marine-paint market, with sustainability as a central focus, while expanding its business scale and earnings capacity through sustained improvement in ROE and the strategic execution of capital investment. Over the medium to long term, it will develop new markets and expand its overseas operations, strengthening the supply of environmentally considerate products to adapt to changing demand in the marine and industrial sectors. Notable developments include the transition to the long-term management plan and the new medium-term management plan, CMP New Century Plan 3, the plan to invest approximately ¥64.5 billion in capital expenditure over 5 years, and the setting of a new medium-term management plan ROE target of 12% or more.