Chugoku Marine Paints reported consolidated ordinary profit of ¥12.0 billion for the cumulative second quarter of the fiscal year ending March 2027, up 36.4% year on year. It also raised its full-year forecast from ¥18.0 billion to ¥20.5 billion, an upward revision of 13.9%, setting a new record-profit forecast.
Chugoku Marine Paints released its earnings report, announcing that consolidated ordinary profit for the cumulative second quarter from April through September 2024 was ¥12.0 billion, an increase of 36.4% year on year. It also disclosed its revenue and operating profit results. Ordinary profit for the July–September quarter was ¥5.84 billion, up 20.6% year on year, while the operating margin on sales declined from 14.3% to 13.9%.
In response, the company raised its full-year ordinary profit forecast to ¥20.5 billion, increasing the projected growth rate from 0.9% to 14.9%. It set a new record-profit forecast above the previous estimate of ¥18.0 billion. Based on a comparison of first-half results with the previous forecast, ordinary profit for the second half is expected to decline 6.1% year on year to ¥8.47 billion.