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Chugoku Marine Paints, Ltd.

Chugoku Marine Paints, Ltd.

4617.T
Chugoku Marine Paints, Ltd.JP flagTokyo Stock Exchange
3,775.00
JPY
-30.00
- -
187.29BMarket Cap
Chugoku Marine Paints, Ltd.
4617.T
(Tokyo Stock Exchange)

Recent

price

3,775.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,405.15
1,361.17
1,241.91
1,372.56
1,611.89
1,737.95
1,254.7
1,266.81
1,414.58
1,475.43
1,450.5
1,612.07
1,982.22
2,343.92
2,645.5
2,809.58
1,226.61
Revenue per Share
82.93
44.62
44.21
49.36
71.7
98.21
55.49
37.36
-11.35
-1.19
57.69
4.91
76.67
199.58
276.77
221.66
110.48
Basic EPS, GAAP
18.21
53.48
129.44
152.26
65.77
147.63
163.75
-9.6
50.14
77.56
125.43
-4.55
0.58
249.94
293.27
290.67
163.46
Free Cash Flow per Basic Share
12.99
12.99
13.12
12.99
13
16
17.06
18.98
36.73
34.31
34.57
34.71
35.29
51.91
85.85
104.81
33.94
Dividend per Share
613.48
645.19
690.21
738.4
795.93
878.27
924.19
944.6
942.15
955.53
1,010.38
1,068.46
1,059.28
1,220.2
1,420.32
1,579.21
1,338.99
Book Value per Share
698.19
722.85
828.54
997.1
1,158.65
1,165.62
1,168.97
1,215.38
1,074.25
1,050.66
1,089.4
1,141.33
1,251.27
1,530.2
1,795.12
2,043.54
1,738.77
Tangible Book Value per Share
69
69
67
66
66
66
66
66
63
59
57
52
50
50
50
50
50
Basic Weighted Avg Shares
96,595
93,560
83,656
90,901
106,737
115,066
82,368
82,980
88,452
87,729
82,442
84,295
99,481
116,174
131,152
139,364
60,796
Sales/Revenue/Turnover
9.14
5.85
5.64
4.47
6.97
8.7
6.64
4.53
-0.67
3.99
7.89
0.82
3.91
10.49
11.73
12.51
11.6
Operating Margin (%)
1,701
1,559
1,450
1,589
1,701
1,767
1,753
1,827
1,739
2,159
1,989
2,055
1,603
1,641
1,698
1,847
847
Depreciation Expense
5,701
3,067
2,978
3,269
4,748
6,502
3,643
2,447
-710
-71
3,279
257
3,848
9,892
13,721
10,995
5,476
Net Income, GAAP
29.98
42.54
33.05
34.8
29.65
28.21
29.79
25.48
335.64
81.68
38.17
73.99
21.92
15.86
14.83
29.18
13.55
Effective Tax Rate (%)
5.9
3.28
3.56
3.6
4.45
5.65
4.42
2.95
-0.8
-0.08
3.98
0.3
3.87
8.51
10.46
7.89
9.01
Profit Margin (%)
24,925
27,810
32,436
39,940
45,525
48,909
47,500
47,960
40,491
40,028
35,919
36,801
38,873
49,859
62,105
74,241
59,321
Working Capital
1,992
2,912
3,377
3,403
1,103
1,742
2,713
1,039
1,730
3,318
552
3,315
1,591
2,351
1,780
3,455
1,000
LT Debt
48,874
50,413
56,698
67,331
78,225
78,816
78,167
81,093
68,513
62,985
62,315
60,039
63,129
76,174
89,434
101,779
86,522
Total Equity
8.46
4.18
3.93
3.01
5.35
7.04
3.82
2.79
1.45
0.74
4.8
0.22
3.6
10.74
12.19
10.55
5.9
Return on Invested Capital (%)
7.97
4.07
3.76
3.81
5.2
6.93
3.72
2.54
-1.66
-0.37
3.56
0.23
4.84
11.07
13.08
9.69
6
Return on Capital (%)
14.34
7.09
6.56
6.85
9.35
11.73
6.13
3.99
-1.18
-0.12
5.74
0.45
7.06
17.41
20.97
14.78
8.9
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
23,234
- -
21,052
LT Borrowings
1,700
- -
1,000
LT Finance Leases
651
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
- -
50
Market Capitalization
112,337
100,814
101,012

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
97,379
- -
105,153
Cash, Cash Equivalents & STI
32,890
- -
34,705
Accounts Receivable, Net
36,827
- -
38,451
Inventories
23,410
- -
26,181
Total Current Liabilities
47,520
- -
45,832
Payables & Accruals
- -
- -
- -
ST Debt
23,234
- -
21,052
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.17%
10.67%
13.8%
Free Cash Flow
4,182.57%
8,483.65%
-0.83%
Net Income, GAAP
-353.31%
296.21%
-19.87%
Sales/Revenue/Turnover
2.83%
11.24%
6.26%
Total Cash Common Dividend
20.95%
24.56%
22.16%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26,489
28,889
30,762
30,034
116,174
2025
- -
- -
- -
- -
131,152
2026
- -
- -
- -
- -
139,364

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34.89
- -
- -
- -
199.58
2025
- -
- -
- -
- -
276.77
2026
- -
- -
- -
- -
221.66

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.42
- -
- -
- -
51.91
2025
- -
- -
- -
- -
85.85
2026
- -
- -
- -
- -
104.81
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Business
Chugoku Marine Paints, Ltd. (4617.T) manufactures and sells functional coatings worldwide, with a primary focus on marine paints including antifouling, anticorrosive, and low-friction coatings for vessels, yachts, pleasure boats, and marine containers; protective coatings for bridges and steel structures; industrial coatings for building materials, wooden floors, and construction applications; functional paints and compounds; and painting-related equipment, alongside contract painting services, surface treatment inspections, and coating management. Founded in 1917 and headquartered in Tokyo, Japan, the company operates through an extensive global network of subsidiaries, production facilities, and sales offices in regions including Europe (via Chugoku Paints B.V. in the Netherlands), Asia (such as factories in Shanghai, Thailand, and Myanmar), and other major maritime hubs, serving commercial shipping fleets, offshore structures, and industrial clients. The CMP Group emphasizes innovative technologies like UV-curable paints, underwater curable paints, and bio-based epoxy resin coatings to support sustainable maritime and industrial development. In recent developments, the company expanded its European operations in 2025 by acquiring full ownership of Italo Belge Colori S.r.l., an Italian coatings manufacturer, through Chugoku Paints B.V. to enhance production capacity and delivery times; and subsequently acquiring the remaining shares in its Italian sales subsidiary, Chugoku-Boat Italy S.p.A., establishing it as a wholly-owned entity to strengthen production and sales networks in Italy and broader Europe. Additionally, Chugoku Marine Paints launched new antifouling products incorporating Selektope technology, including Sea Premier 3000 PLUS 1, 2000 PLUS for coastal vessels, and offerings for the leisure boat market; introduced next-generation antifouling SEAFLO NEO SL ZX for energy efficiency; and concluded a capital and business alliance with a South Korean paint manufacturer in November 2025. These moves, along with the adoption of its ISCC-certified bio-based epoxy resin coating on a Mitsui Chemicals liquefied ammonia tanker and innovations like CMP BIOCLEAN PLUS silicone foul-release coatings, underscore strategic shifts toward expanded capacity, technological advancement, and sustainability-focused growth.