CHUGOKU MARINE PAINTS,LTD. (4617) Stock Price

Chugoku Paints is a company primarily engaged in the manufacturing and sales of paints, operating through 23 subsidiaries. Within Japan, the company promotes paint-related business in cooperation with partners including Ohtake Akishin Chemical, Kobe Paint, Bunsei Shoji, Sanyo Kosan, and Global Engineering Services.

Additionally, Chugoku Paints handles other business operations in partnership with CMP Planning. Through this diversification, the company expands its business beyond paint-related operations and pursues a multi-faceted business strategy.

In the Chinese market, regional subsidiaries of CHUGOKU MARINE PAINTS operate paint-related business. This strengthens the company's presence in the Chinese market and enables the provision of locally-rooted services.

In Korea, CHUGOKU SAMHWA PAINTS handles paint-related business operations. Through this regional expansion, the company enhances its competitiveness in the Korean market.

In Southeast Asia, the company operates in Singapore, Malaysia, Indonesia, Myanmar, and India. Through these operations, the company aims to expand its market presence across the entire Southeast Asian region.

In Europe and the United States, regional subsidiaries of CHUGOKU PAINTS conduct paint-related business operations. This strengthens the company's business foundation in Western markets and advances its global expansion.

Chugoku Paints has redefined its management philosophy to contribute to the realization of a sustainable society. The company prioritizes securing customer trust through superior quality and developing new products through technological innovation. It also pursues scientific management practices and seeks the well-being of all stakeholders while upholding integrity and fairness.

The company has formulated its medium-term management plan "CMP New Century Plan 2" for the period from 2022 to 2026, aiming to become a sustainable, highly profitable global niche leader. In particular, it is focusing on expanding its market share in marine coatings and reducing greenhouse gas emissions through the supply of antifouling hull coatings.

The medium-term plan is built on four key strategies: expanding value delivery through environmental and social contributions, improving and stabilizing profit structure, strengthening organizational foundations, and promoting active shareholder returns and capital efficiency. Based on these strategies, each division executes its plans to realize the long-term vision.

In the fiscal year ending March 2025, the company successfully reduced greenhouse gas emissions and expanded sales of low-VOC coatings, contributing to environmental goals. It also improved its profit structure by revising sales prices to reflect manufacturing costs. In strengthening organizational foundations, it worked to reduce greenhouse gas emissions through its Sustainability Committee.

For shareholder returns, the company increased annual dividends per share, with a projected consolidated total shareholder return ratio of 6.2%. In the fiscal year ending March 2026, the company will continue to advance sustainable management and pursue enhanced corporate value.