CMP: Lifts FY2027 operating profit forecast to ¥20bn on Asia growth
CMP raised its year-to-March 2027 operating profit forecast 14.3% to ¥20bn, lifting ordinary profit to ¥20.5bn and net profit to ¥13bn. Sales remain at ¥160bn, with Southeast Asian growth and cost controls driving the upgrades.
Key facts
- Sales forecast
- ¥160bn
- Operating profit
- ¥20bn
- Ordinary profit
- ¥20.5bn
- Net profit
- ¥13bn
- EPS
- ¥261.93
Profit forecasts raised, sales outlook unchanged
CMP raised its profit forecasts for the year ending March 2027. It added ¥2.5bn to its operating profit outlook, taking it to ¥20bn, and raised its ordinary profit forecast by ¥2.5bn to ¥20.5bn. The net profit forecast increased by ¥2bn to ¥13bn. The sales forecast remains unchanged at ¥160bn.
| Item | Previous forecast | Revised forecast | Previous-year actual |
|---|---|---|---|
| Sales (¥100m) | 1,600 | 1,600 | 1,393.64 |
| Operating profit (¥100m) | 175 | 200 | 174.37 |
| Ordinary profit (¥100m) | 180 | 205 | 178.40 |
| Net profit (¥100m) | 110 | 130 | 109.95 |
| Earnings per share (yen) | 221.71 | 261.93 | 221.66 |
The revised forecasts represent increases of 14.3% for operating profit, 13.9% for ordinary profit and 18.2% for net profit compared with the previous outlook. Sales are unchanged, while all three profit forecasts have been raised. The new forecasts also exceed the previous year's actual results for sales and each profit measure.
Pricing adjustments, cost controls and Southeast Asian growth
CMP raised its profit forecasts after reviewing its outlook in light of results through the second quarter. The company cited the following factors:
- Previous forecast assumptions: The outlook announced on July 3 included a degree of risk to account for uncertainty surrounding the situation in the Middle East.
- Selling price adjustments: CMP reviewed progress in adjusting selling prices in response to higher raw material costs.
- Cost controls: The company factored in efforts to contain various expenses.
- Regional profit growth: CMP expects profit growth in Southeast Asia to exceed its earlier assumptions.
The higher profit forecasts despite an unchanged sales outlook reflect selling price adjustments and cost controls, as well as stronger regional earnings. Investors will be watching how much progress on pricing and growth in Southeast Asia contribute to full-year results.
Currency assumptions and forecast caveats
The revised forecasts use the average exchange rates for the period from January through September 2026. They cover the full fiscal year ending March 2027, from April 1, 2026, through March 31, 2027.
CMP said the forecasts are based on information currently available and assumptions it considers reasonable, and are not a promise that the results will be achieved. Actual performance could differ materially due to a range of factors.
The revision updates the previous outlook, which had incorporated uncertainty over the Middle East, based on results through the second quarter and current business conditions. When assessing the higher profit forecasts, investors should monitor whether pricing adjustments, cost management and earnings growth in Southeast Asia continue in line with the company's expectations.
Share price around the disclosure
Close on disclosure (Oct 30, 2026)
¥3,515
Latest close (Oct 30, 2026)
¥3,515
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Updated Oct 30, 2026.
Compare CMP with its rivals
Pay, results and share price side by side- vs
Kansai Paint vs CMPKansai Paint has 4.2x the revenueCMP margin 4.1pt higherKansai Paint pays ¥0.81M moreCompare
- vs
Nippon Paint vs CMPNippon Paint has 12.7x the revenueNippon Paint margin 2.0pt higherNippon Paint pays ¥3.20M moreCompare - vs
Mitsubishi Chemical vs CMPMitsubishi Chemical has 26.6x the revenueCMP margin 11.7pt higherMitsubishi Chemical pays ¥2.96M moreCompare
The Chemical industry now
60 companiesCMP is one of 60 Chemical companies we cover, #42 by revenue. Here is how the industry’s shares and company plans look:
- Industry shares, 1 year
- +24.8%All industries +14.9%
- Op. profit plan, this FY
- +24.1%All industries +13.0%
- Forecasts raised
- 19cut 0
- Industry op. margin
- 8.8%
- CMP−15.1%
- Chemical (average)+24.8%
- All industries+14.9%
- Latest resultsYear to date through Q1, 36 companies combined: revenue +13.3%, operating profit +51.0% year over year. 27 are ahead of an even pace toward their full-year plan, 4 behind.
- Revisions19 raised and 0 cut this year's forecast. The biggest revision: Osaka Organic (operating profit +45.3%).
Tags#Earnings forecast revision#FY2027#Profit forecast#Operating profit#Southeast Asia#Paints and coatings#Cost controls
Was this article useful?
Anonymous, no sign-up neededComments
With sales unchanged and profit forecasts raised, the revision centers on selling price adjustments, expense controls and earnings growth in Southeast Asia. It points to an improved profit outlook rather than higher revenue. The key test will be whether pricing progress and regional growth continue as CMP expects, while uncertainty such as the situation in the Middle East remains a factor.
Cite or share this article
Quoting is free, no permission needed — just credit the source
https://www.gyokaidigest.com/en/disclosures/4617-tdnet-20261030-140120261030560562
Related articles
Latest from Paint Makers
- EarningsKansai PaintQ1 FY2027Kansai Paint Q1 FY2027: Sales up, profit dips, but full-year forecast raised
- EarningsMitsubishi ChemicalQ1 FY2027Mitsubishi Chemical Q1 FY2027: Core operating profit doubles, lifts H1 outlook
- EarningsFujifilmQ1 FY2027Fujifilm Q1 FY2027: Revenue up 10% but profit plunges 32%; full-year sales raised
- Business TransferFujifilmSep 9, 2026Fujifilm: To streamline graphic segment, it will consolidate printing plate manufacturing in Japan and sell overseas facilities.