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    4617   JP3522600000

CHUGOKU MARINE PAINTS, LTD.

(4617)
  Report
Delayed Japan Exchange  -  02:00 2022-10-03 am EDT
892.00 JPY   +0.34%
09/29CHUGOKU MARINE PAINTS, LTD. : Ex-dividend day for interim dividend
FA
08/10Chugoku Marine Paints : 2022 Consolidated Financial Statements
PU
07/29Chugoku Marine Paints : Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023
PU
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Chugoku Marine Paints : Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2023

07/29/2022 EDT

Financial Results

for the First Quarter of the Fiscal Year

Ending March 31, 2023

July 29, 2022

Chugoku Marine Paints, Ltd.

(TSE Code: 4617)

Company mascot, "Pentaro"

Outline

Page

. Consolidated Earnings Summary

3-11

. Summary by Product and Region

12-20

. Full-Year Outlook

21-25

. Reference

26-35

Note: Figures presented in tables and graphs are expressed in millions of yen unless otherwise indicated.

Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved.

2

1-1

1. Consolidated Earnings Summary

Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved.

3

Consolidated Q1 earnings highlights

  • Consolidated net sales grew, driven by strong sales of marine coatings.
  • An overall increase in selling prices could not offset impact from higher procurement costs caused by soaring raw material prices, and the Company reported an operating loss as a result.

Net sales

Up 8.9% YoY

Operating profit

21,245

19,506

Gross

margin

817

27.4%

Down 1,268 YoY

21.0%

450

Q1 FY03/22

Q1 FY03/23

Q1 FY03/22

Q1 FY03/23

Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved.

4

Consolidated income statement

Sales of both marine and industrial coatings increased thanks in part to selling price revisions implemented in response to surging raw material prices. Q1 consolidated net sales exceeded 20 billion yen for the first time in three fiscal years.

The gross margin declined 6.4pp due to higher raw material procurement costs.

Despite efforts aimed at curbing various expenses, total SG&A expenses rose due to an increase in transportation costs and forex impact.

Operating loss is commensurate with the Company's initial projections and is expected to have reached its nadir in Q1.

Q1 FY03/22

Q1 FY03/23

Change

% change

Net sales

19,506

100.0%

21,245

100.0%

1,739

8.9%

Gross profit

5,349

27.4%

4,464

21.0%

885

16.6%

SG&A expenses

4,532

23.2%

4,914

23.1%

382

8.4%

Operating profit

817

4.2%

450

2.1%

1,268

Ordinary profit

1,069

5.5%

149

0.7%

1,219

Profit before income

1,348

6.9%

181

0.9%

1,530

taxes

Profit attributable to

822

4.2%

461

2.2%

1,283

owners of parent

Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CMP - Chugoku Marine Paints Ltd. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 06:23:12 UTC.


© Publicnow 2022
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Financials
Sales 2023 84 100 M 583 M 583 M
Net income 2023 400 M 2,77 M 2,77 M
Net Debt 2023 - - -
P/E ratio 2023 112x
Yield 2023 3,92%
Capitalization 45 023 M 312 M 312 M
Capi. / Sales 2023 0,54x
Capi. / Sales 2024 0,51x
Nbr of Employees 2 207
Free-Float 59,9%
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Technical analysis trends CHUGOKU MARINE PAINTS, LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 892,00 JPY
Average target price 890,00 JPY
Spread / Average Target -0,22%
EPS Revisions
Managers and Directors
Masataka Uetake Chairman & Chief Executive Officer
kenji Date President, Representative Director & GM-Sales
Katsunori Kobayashi Executive Officer & Finance Manager
Hideyuki Tanaka Managing Director & General Manager-Technology
Junji Tomochika Director & Head-Administration
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