Chugoku Marine Paints, Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company's net sales were JPY 82,368 million compared to JPY 115,066 million a year ago. Operating income was JPY 5,471 million compared to JPY 10,012 million a year ago. Ordinary income was JPY 6,076 million compared to JPY 10,416 million a year ago. Profit attributable to owners of parent was JPY 3,643 million or JPY 55.50 per basic share compared to JPY 6,502 million or JPY 98.21 per basic share a year ago. Return on equity was 5.0% compared to 8.9% a year ago. Cash Flows from operating activities were JPY 10,750 million compared to JPY 9,774 million a year ago.

For the year, on non-consolidated basis, the company's net sales were JPY 33,911 million compared to JPY 37,450 million a year ago. Operating income was JPY 1,072 million compared to JPY 821 million a year ago. Ordinary income was JPY 3,521 million compared to JPY 3,934 million a year ago. Profit was JPY 2,899 million or JPY 44.17 per basic share compared to JPY 3,189 million or JPY 48.18 per basic share a year ago.

The company provided consolidated earnings guidance for the interim and full year of fiscal year ending March 31, 2018. For the interim, the company expects net sales of JPY 42,000 million, operating income of JPY 2,800 million, ordinary income of JPY 3,000 million and profit attributable to owners of parent of JPY 1,750 million or JPY 26.72 per share.

For the full year ending March 31, 2018, the company expects net sales of JPY 85,000 million, operating income of JPY 5,700 million, ordinary income of JPY 6,300 million and profit attributable to owners of parent of JPY 3,800 million or JPY 58.01 per share.