Company overview
May, 2024
Chugoku Marine Paints, Ltd.
TSE Code #4617
Company mascot, "Pentaro"
Outline
- Company outline
- Description of products and businesses
- Medium-TermManagement Plan
- ESG information
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved.
Page
3~10
11~25
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43~45
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1.Company outline
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. | 3 |
What is Chugoku Marine Paints?
- Long-establishedpaint manufacturer
- Founded in Hiroshima in 1917
*Located in Chugoku area in Japan
- High niche market share
- Approx. 60% of the domestic market share for marine coatings. We also have a top-classoverseas market share.
- Global warming solutions
→Antifouling coatings,
Coatings for offshore wind power generation facilities
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. | 4 |
参Company考 | outline | ||
Name | Chugoku Marine Paints, Ltd. | ||
Establishment | May 1917 (in business for 107 years) | ||
Main business | Production and sales of functional coatings centered on marine coatings | ||
Capital | 11,626 million yen | ||
Headquarter | Tokyo: 2-6, Kasumigaseki 3-chome,Chiyoda-ku, Tokyo | ||
Hiroshima: 1-7,Meiji-Shinkai,Otake-Shi, Hiroshima (registered headquarters address) | |||
Representative | Kenshi Date, President | ||
Stock exchange | Prime Market of the Tokyo Stock Exchange (Code: 4617) | ||
Net sales | 116,184 million yen (consolidated, as of March 31, 2024) | ||
Employees | 2,104 (consolidated, as of March 31, 2024) | ||
Major shareholders | THE MASTER TRUST BANK OF JAPAN, LTD. (ACCOUNT IN TRUST)/11.5%, CHUGOKU | ||
and ownership ratios | MARINE PAINTS, LTD./9.9%, THE HIROSHIMA BANK, LTD./4.4%, CUSTODY BANK OF JAPAN, | ||
(as of Mar.31, 2024) | Ltd. (ACCOUNT IN TRUST)/4.2%, MEIJI YASUDA LIFE INSURANCE COMPANY./3.6%, | ||
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Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. |
CMP History (1)
From our founding to the top domestic market share
1917 | Establishment of Chugoku Chemical Industry |
Limited Partnership, with capital of 50,000 yen |
Founded in Hiroshima by Iwao Suzukawa with the goal of transitioning to domestic production of antifouling ship bottom coatings. At the time, Japan relied on imported products because no antifouling coatings with excellent performance were produced in Japan.
1923 | Reorganization as Chugoku Marine Paints, Ltd., |
with capital of 250,000 yen |
Hiroshima HQ in 1924
1945 Dropping of atomic bomb on Hiroshima
The Hiroshima factory and divisions throughout Hiroshima city suffered catastrophic damage. At this time, we began producing daily necessities such as soaps and toothpastes at our alternate factory in Itsukaichi.
Hiroshima HQ after the disasters from A-bomb
1946 | Resuming production of coatings at | |
Hiroshima factory | ||
1949 | Listing on the Hiroshima Stock | |
Exchange | ||
The 1950s | ||
Transitioned from an antifouling ship | ||
bottom paint manufacturer into a | ||
comprehensive manufacturer of | ||
marine coatings; further branched out | ||
into the field of woodwork coatings | ||
1961 | Completion of Shiga Factory | |
Listing on 2nd section of the Tokyo Stock | ||
Exchange (TSE) | ||
The 1960s | ||
Achieved the top domestic market share for | ||
marine coatings in step with the Japanese | ||
shipbuilding industry, which had become the | ||
largest in the world in terms of new ships | ||
constructed | ||
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. | 6 |
CMP History (2)
From overseas expansion to participation in new lines of business
1968 Establishmentoffice of London representative
We began our active overseas expansion with the establishment of a business office in London. Our overseas network continues to expand today.
Years in which major foreign subsidiaries | Note: Years in parentheses indicate | |
were established | when factory construction was | |
1973 | Hong Kong | completed or when production |
began | ||
1980 | Singapore(1986) | |
1983 | UK, Taiwan | |
1984 | Greece | |
1988 | Netherland(1988) | |
Indonesia(1989), Korea(2002) | ||
1989 | Thailand(1994) | |
1990 | Malaysia(1992), USA(1990) | |
1993 | Shanghai(1994) | |
1997 | Guangdong (1999), Germany | |
2012 | Italy | |
2019 | Myanmar (2020) |
New factory in Netherland (2017)
1975 Completion of Kyushu factory
After the 1970s
Alongside our active overseas expansion, we aimed to enter a variety of new areas, including resin caulking materials for railway tracks, container coatings, heavy anti-corrosion coatings, and UV-curable coatings for woodwork.
1984 | Moving to the first section of the TSE |
1994 | Completion of Otake research center in |
Hiroshima | |
After 2000s | |
Received orders associated with large-scale | |
properties overseas and accelerated development | |
of environmentally friendly antifouling coatings; | |
We will respond to the opportunities offered by | |
expanding businesses primarily by developing | |
multifunctional products with the same spirit of | |
superior product production that we have nurtured | |
since our founding. | |
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. | 7 |
参Bases考 and Group companies
Our business encompasses approximately 60 locations
belonging to 24 companies located in 20 countries around the world.
Norway | |||||||||||||||||||||
UK | |||||||||||||||||||||
Germany | Holland | Japan | |||||||||||||||||||
Italy | |||||||||||||||||||||
South Korea | Tokyo (headquarters) | ||||||||||||||||||||
Greece | Turkey | ||||||||||||||||||||
Shiga | |||||||||||||||||||||
Cyprus | UAE | Shanghai | |||||||||||||||||||
Hyogo | |||||||||||||||||||||
Guangdong | USA | ||||||||||||||||||||
India | Myanmar | Taiwan | Hiroshima (headquarters) | ||||||||||||||||||
Thailand | Hong Kong | Saga | |||||||||||||||||||
Malaysia | Singapore | (Sales offices in 12 other locations) | ||||
Indonesia | ||||||
- Major group companies
OHTAKE MEISHIN CHEMICAL, | Japan | CHUGOKU SAMHWA PAINTS, Ltd. | South Korea | CHUGOKU PAINTS B.V. | Holland | ||
LTD. | (Hiroshima) | ||||||
KOBE PAINTS, LTD. | Japan | CHUGOKU MARINE PAINTS | Singapore | CHUGOKU PAINTS (UK) Ltd. | UK | ||
(Hyogo) | (Singapore) Pte. Ltd. | ||||||
CHUGOKU MARINE PAINTS | China | CHUGOKU PAINTS (Malaysia) | Malaysia | CHUGOKU PAINTS (Germany) | Germany | ||
(Shanghai), Ltd. | (Shanghai) | Sdn. Bhd. | G.M.B.H. | ||||
CHUGOKU MARINE PAINTS | China | TOA-CHUGOKU PAINTS Co., Ltd. | Thailand | CHUGOKU-BOAT ITALY S.P.A. | Italy | ||
(Guangdong), Ltd. | (Guangdong) | ||||||
CHUGOKU MARINE PAINTS | Hong Kong | P.T. CHUGOKU PAINTS | Indonesia | CHUGOKU MARINE PAINTS | Greece | ||
(Hong Kong), Ltd. | INDONESIA | (Hellas), S.A. | |||||
CHUGOKU MARINE PAINTS | Taiwan | CHUGOKU PAINTS (India) Pvt. Ltd | India | CMP COATINGS, Inc. | USA | ||
(Taiwan), Ltd. | |||||||
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. | 8 |
Sales by product and region
Container coatings | Other 0.3% | |
Industrial coatings | 1.6% | |
10.9% | Marine coatings |
By product
(FY03/24)
Europe and
the US
Japan
23.0% 34.9%
Southeast | By region | |
Asia | 14.7% | |
87.2%
10.2% | 17.2% |
Korea
China
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved. | 9 |
Operating results
Fluctuations in profit are large due to shifts in raw material and ship prices, but we have achieved three V-shapedrecoveries over the past 20 years
Consolidated Performance over the Past 20 Years
1,240
1,140
1,040
940
840
(Unit: 100 million yen)
Sales | Operating profit | ||
1,047 | |||
1,036 | |||
881 | 868 | ||
1,200 | ||||||||
1,150 | 1,161 | 170 | ||||||
1,067 | ||||||||
965 | 935 | 994 | 150 | |||||
901 | 884 | 877 | ||||||
842 | 121 | 120 | ||||||
836 | ||||||||
823 | 829 | 824 | 130 | |||||
740 | 678 | 99 | 99 | 110 | |||||
88 | |||||||||
81 | 84 | ||||||||
640 | 90 | ||||||||
74 | |||||||||
72 | |||||||||
65 | |||||||||
540 | |||||||||
54 | 54 | 70 | |||||||
440 | |||||||||
47 | |||||||||
340 | 36 | 40 | 37 | 34 | 38 | 50 | |||
240 | 30 | ||||||||
140 | 6 | ||||||||
-6 | 10 | ||||||||
40 |
-60 | 03/06 | 03/07 03/08 03/09 | 03/10 03/11 03/12 | 03/13 03/14 03/15 03/16 | 03/17 03/18 | 03/19 | 03/20 03/21 03/22 | 03/23 |
(FY) |
Copyright © Chugoku Marine Paints, Ltd. All Rights Reserved.
03/24 | 03/25 | 10 |
Forecast
10
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CMP - Chugoku Marine Paints Ltd. published this content on 29 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2024 10:05:53 UTC.