Chugoku Marine Paints Sets Earnings Forecast for Fiscal Year Ending March 2027
Chugoku Marine Paints (TYO:4617) now projects an attributable net profit of 11 billion and EPS of 221.71 yen, which were not determined previously, for the fiscal year ending March 31, 2027.The paint and coating manufacturer raised its net sales estimate to 160 billion yen, versus the prior 140 billion to 160 billion yen range forecasted initially, according to a Tokyo bourse filing on Friday.The revision was made after the easing of Middle East tensions helped reduce raw material costs and procurement risks, allowing for more accurate forecasts.The company expects sales growth driven by firm demand in both marine and industrial coatings, along with selling price adjustments to offset higher procurement costs.Profits are forecast to remain broadly in line with last year's results, factoring in those price adjustments and fluctuating costs.
