Full-Year Financial Results Presentation for the Fiscal Year Ending March 2026 (Highlights) | CHORI CO.,LTD. (8014) timely disclosure

Worth reading

85Important

Scored from 3 of 6 sections

Direction

Mixed performance

Direction inferred from the company’s description.

Scale

-123

¥100 million (year-on-year change in revenue)

Wording

Conditional

How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 2026, full year10 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥2,993 100 million-3.9%

Operating profit¥131 100 million-9.9%

Ordinary income¥142 100 million-12.4%

Net income¥120 100 million+3.0%

Selling, general and administrative expenses¥281 100 million

Results for the three months of the current quarterFourth quarter of the fiscal year ended March 2026: revenue of ¥77.7 billion, profit before income taxes of ¥3.4 billion, and net income attributable to owners of the parent of ¥4.4 billion. Segment profit before income taxes was ¥1.9 billion for Textiles, ¥1.8 billion for Chemicals, ¥100 million for Machinery and a loss of ¥400 million for Other.

Full-year earnings forecast

Fiscal year ending March 2027

Net Sales¥320 billion

Operating profit¥14.5 billion

Profit attributable to owners of the parent¥10.5 billion

Textiles revenue¥155 billion

Chemicals revenue¥164.5 billion

Other net sales¥500 million

Textiles operating profit¥7.5 billion

Chemicals operating profit¥8 billion

Other operating profit-¥1.0 billion

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Revenue fell short of plan, while net income attributable to owners of the parent, ROE and other metrics met plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Impact of lower revenue¥-16 100 million
Higher gross profit margin¥22 100 million
Increase in SG&A expenses¥-20 100 million
One-off gains/losses recognized in the prior fiscal year¥-10 100 million
Lower interest expense and other factors¥3 100 million

New initiatives

Launch of the new medium-term management plan, Chori Innovation Plan 2028 (CIP2028)
Advancement of the basic policy of “Expertise × Global Reach × Business Investment”
From the fiscal year ending March 2027, change the dividend policy to a consolidated dividend payout ratio of at least 40% and DOE of at least 3.5%

Key KPIsA metric the company considers important as a management benchmark.

ROE12.4 %
Year on year against the same period last year-1.0%
ROIC11.1 %
Year on year against the same period last year0.0%
ROA8 %
Year on year against the same period last year-0.1%
Trade ratio66.5 %
Year on year against the same period last year-1.5%
Equity ratio66.7 %
Year on year against the same period last year+3.7%

Segment results

Net Sales

Fibers

¥1,458 100 million-4.6%

Chemicals

¥1,527 100 million-3.3%

Machinery

¥8 100 million-11.1%

Other

¥1 100 million

Profit before income taxes

Fibers

¥71 100 million-7.8%

Chemicals

¥80 100 million-10.1%

Machinery

¥3 100 million-50.0%

Other

¥-12 100 million

Medium-term management plan targets

CIP2025ROE, ROIC and other targets achieved

CIP2028

Target fiscal yearFiscal year ending March 2029

Net Sales¥350 billion

Operating profit¥17.5 billion

Textiles revenue¥165.0 billion

Chemicals revenue¥184.5 billion

Other net sales¥500 million

Textiles operating profit¥9 billion

Chemicals operating profit¥10 billion

Other operating profit-¥1.5 billion

Financial targets

ROE

Actual results12.4 %

Plan AchievementCIP2025 plan achieved

ROIC

Actual results11.1 %

Plan AchievementCIP2025 plan achieved

Equity ratio

Actual results66.7 %

Capital expenditures

¥10 100 million expenditure for the acquisition of property, plant and equipment and intangible assets

Annual Dividend

Fiscal year ending March 2026

Annual¥147 per share

Interim¥72 per share

End of period¥75 per share

Forecast for the fiscal year ending March 2027

Annual¥171 per share

Interim¥85 per share

End of period¥86 per share

Payout ratio

Fiscal year ending March 202630.2 %

Policy for the fiscal year ending March 2027Consolidated dividend payout ratio of at least 40%; DOE of at least 3.5%

Contents of this document
Item	Details
Document type	Financial results presentation
Fiscal Period Covered	Fiscal year ending March 2026, full year
Net Sales	¥2,993 100 million (YoY -3.9%)
Operating profit	¥131 100 million (YoY -9.9%)
Ordinary income	¥142 100 million (YoY -12.4%)
Net income	¥120 100 million (YoY +3.0%)
Selling, general and administrative expenses	¥281 100 million
Results for the three months of the current quarter	Fourth quarter of the fiscal year ended March 2026: revenue of ¥77.7 billion, profit before income taxes of ¥3.4 billion, and net income attributable to owners of the parent of ¥4.4 billion. Segment profit before income taxes was ¥1.9 billion for Textiles, ¥1.8 billion for Chemicals, ¥100 million for Machinery and a loss of ¥400 million for Other.
Full-year earnings forecast	Fiscal year ending March 2027 Net Sales ¥320 billion / Operating profit ¥14.5 billion / Profit attributable to owners of the parent ¥10.5 billion / Textiles revenue ¥155 billion / Chemicals revenue ¥164.5 billion / Other net sales ¥500 million / Textiles operating profit ¥7.5 billion / Chemicals operating profit ¥8 billion / Other operating profit -¥1.0 billion
Self-assessment against the plan	Revenue fell short of plan, while net income attributable to owners of the parent, ROE and other metrics met plan
Segment results	Net Sales Fibers ¥1,458 100 million (YoY -4.6%) / Chemicals ¥1,527 100 million (YoY -3.3%) / Machinery ¥8 100 million (YoY -11.1%) / Other ¥1 100 million / Profit before income taxes Fibers ¥71 100 million (YoY -7.8%) / Chemicals ¥80 100 million (YoY -10.1%) / Machinery ¥3 100 million (YoY -50.0%) / Other ¥-12 100 million
Breakdown of Factors Affecting the Change	Factors Impact of lower revenue / Amount ¥-16 100 million, Factors Higher gross profit margin / Amount ¥22 100 million, Factors Increase in SG&A expenses / Amount ¥-20 100 million, Factors One-off gains/losses recognized in the prior fiscal year / Amount ¥-10 100 million, Factors Lower interest expense and other factors / Amount ¥3 100 million
Key KPIs	Indicator name ROE / Value 12.4 % / Year on year against the same period last year -1 %, Indicator name ROIC / Value 11.1 % / Year on year against the same period last year 0 %, Indicator name ROA / Value 8 % / Year on year against the same period last year -0.1 %, Indicator name Trade ratio / Value 66.5 % / Year on year against the same period last year -1.5 %, Indicator name Equity ratio / Value 66.7 % / Year on year against the same period last year 3.7 %
Medium-term management plan targets	CIP2025 ROE, ROIC and other targets achieved / CIP2028 Target fiscal year Fiscal year ending March 2029 / Net Sales ¥350 billion / Operating profit ¥17.5 billion / Textiles revenue ¥165.0 billion / Chemicals revenue ¥184.5 billion / Other net sales ¥500 million / Textiles operating profit ¥9 billion / Chemicals operating profit ¥10 billion / Other operating profit -¥1.5 billion
Financial targets	ROE Actual results 12.4 % / Plan Achievement CIP2025 plan achieved / ROIC Actual results 11.1 % / Plan Achievement CIP2025 plan achieved / Equity ratio Actual results 66.7 %
Annual Dividend	Fiscal year ending March 2026 Annual ¥147 per share / Interim ¥72 per share / End of period ¥75 per share / Forecast for the fiscal year ending March 2027 Annual ¥171 per share / Interim ¥85 per share / End of period ¥86 per share
Payout ratio	Fiscal year ending March 2026 30.2 % / Policy for the fiscal year ending March 2027 Consolidated dividend payout ratio of at least 40%; DOE of at least 3.5%
Capital expenditures	¥10 100 million (expenditure for the acquisition of property, plant and equipment and intangible assets)
New initiatives	Launch of the new medium-term management plan, Chori Innovation Plan 2028 (CIP2028), Advancement of the basic policy of “Expertise × Global Reach × Business Investment”, From the fiscal year ending March 2027, change the dividend policy to a consolidated dividend payout ratio of at least 40% and DOE of at least 3.5%

Items this document does not state (12)

Gross Profit MarginOperating profit marginProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Sales were generally sluggish, resulting in lower revenue. Gross profit increased as profitability improved, but operating profit declined because the increase in selling, general and administrative expenses, including personnel and systems-related costs, could not be absorbed. Meanwhile, net income attributable to owners of the parent increased due to a decrease in income taxes following the dissolution of a consolidated subsidiary and the waiver of receivables.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.

Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.

Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.