Chugoku Marine Paints reports lower FY2026 net profit

6 articles · Updated · MarketWatch · May 11

For the year ended 31 March, net profit fell to Y11.00 billion from Y13.72 billion, while revenue rose to Y139.36 billion from Y131.15 billion.
Operating profit increased to Y17.44 billion from Y15.38 billion, and pretax profit climbed to Y17.84 billion from Y16.48 billion under Japanese accounting standards.
Earnings per share declined to Y221.66 from Y276.78, indicating weaker bottom-line returns despite higher sales and improved operating and pretax performance.

Is the profit squeeze at a top paint maker a canary in the coal mine for Japan's manufacturing sector?

As global crises sink profits despite record sales, can the company's China expansion reverse its fortunes?