1. Japan Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Chugoku Marine Paints,Ltd.

Chugoku Marine Paints,Ltd.

TTSE:4617
3,480.00
JPY
-95.00
(-2.66%)
161.74BMarket Cap
Oct 30Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
- -
Basic EPS, GAAP
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
- -
Free Cash Flow per Basic Share
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
- -
Dividend per Share
12.99
13
16
17.06
18.98
36.73
34.31
34.57
34.71
35.29
51.91
85.85
104.81
- -
Book Value per Share
943.59
1,094.65
1,104.65
1,107.55
1,146.81
1,043.94
999.14
1,050.08
1,089.31
1,173.99
1,422.58
1,684.81
1,924.32
1,924.32
Tangible Book Value per Share
924.02
1,071.98
1,079.84
1,085.77
1,124.19
1,021.85
990.33
1,042.81
1,082.23
1,167.29
1,415.91
1,675.93
1,916
1,916
Basic Weighted Avg Shares
66
66
66
66
66
63
59
57
52
50
50
50
50
50
Sales/Revenue/Turnover
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
- -
Operating Margin (%)
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
- -
Depreciation Expense
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
- -
Net Income, GAAP
3,269
4,748
6,502
3,643
2,447
-710
-71
3,279
257
3,848
9,892
13,721
10,995
- -
Effective Tax Rate (%)
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
- -
Profit Margin (%)
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
- -
Working Capital
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
74,241
LT Debt
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
3,455
Total Equity
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
101,779
Return on Invested Capital (%)
3.01
5.35
7.04
3.82
2.79
1.44
0.74
4.8
0.22
3.6
10.74
12.19
10.55
- -
Return on Capital (%)
3.38
4.3
5.73
3.21
2.22
-1.51
-0.36
3.53
0.23
4.71
10.19
11.65
8.41
- -
Return on Common Equity (%)
5.67
7.04
8.93
5
3.31
-1.03
-0.12
5.68
0.46
6.78
15.37
17.81
12.28
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
15,631
13,934
LT Borrowings
- -
1,739
2,738
LT Finance Leases
- -
- -
717
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50
50
50
Market Capitalization
134,257
177,868
161,741

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
104,918
117,716
Cash, Cash Equivalents & STI
- -
31,021
41,586
Accounts Receivable, Net
- -
38,635
37,618
Inventories
- -
28,377
30,953
Total Current Liabilities
- -
42,172
43,475
Payables & Accruals
- -
- -
- -
ST Debt
- -
15,631
13,934
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

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

JPY

•

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

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34.89
54.21
65.75
44.73
199.58
2025
- -
- -
- -
- -
276.77
2026
- -
- -
- -
- -
221.66

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
17.42
0.56
33.79
0.14
51.91
2025
- -
- -
- -
- -
85.85
2026
- -
- -
- -
- -
104.81

Company Description

Company Profile APIChatGPT
CEO
Kenshi Date
Full Time Employees
2,198
Sector
Process industries
Industry
Industrial specialties
Address
Toranomon Hills Station Tower Otake HI Japan 105-5516
IPO Date
Jul 1, 1949
Website
cmp.co.jp
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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.