Our Assets Companies

Our assets companies (partner companies) pursue autonomous growth backed by autonomous and decentralized management based on deep trust.

Our Assets Companies (by Segment)

As an Asset Assembler, we are committed to relentlessly pursuing growth through the autonomous growth of each assets company (growth of existing businesses) and the assembly of new assets companies (via good and low risk M&As).

2023 Revenue breakdown by segment Japan: 14% (¥201.5 bn), NIPSEA: 53% (¥771.5 bn), DuluxGroup: 25% (¥360.4 bn), The Americas: 8% (¥109.2 bn)

Japan Group (Japan)

Japan Group operates in a wide range of areas, including automotive coatings, decorative paints, industrial coatings, fine chemicals, and marine coatings, commanding the leading position in the paint market in Japan backed by its strong technological prowess and brands.


NIPSEA Group (Asia)

NIPSEA Group is the driving engine of our Group, operating in 22 countries/regions centered on Asia with the top market share in decorative paints in five countries.

FY2023 revenue breakdown
FY2023 revenue breakdown of NIPSEA Group (Asia) 53% (¥771.5 bn)
Our market shares
in key market segments
Icon: building

No.1
in decorative paints
in five countries,
including China,
Türkiye, and Singapore

Icon: automobile

No.2
in automotive coatings
in Asia (in 2021)


DuluxGroup (Pacific/Europe)

DuluxGroup operates in 22 countries in the Pacific (Australia, New Zealand, and Papua New Guinea) and Europe with the leading position in the decorative paints market in four countries, including Australia, and the third position in six countries. DuluxGroup is driving growth in our Group, delivering steady growth year after year.

FY2023 revenue breakdown
FY2023 revenue breakdown of DuluxGroup (Pacific/Europe) 25% (¥360.4 bn)
Our market shares
in key market segments
Icon: building

No.1
in decorative paints
in four countries,
including
Australia,
Italy, and Slovenia

Key assets companies

The Americas

Founded in 1925, Dunn-Edwards has grown to become a leading paint supplier in the US Southwest region, operating mainly in decorative paints with extensive product lines and services for professional use.

FY2023 revenue breakdown
FY2023 revenue breakdown of The Americas 8% (¥109.2 bn)
Our market shares
in key market segments
Icon: building

Market share
in decorative paints:
2.5%

Icon: automobile

No.4
in automotive coatings
in North America (in 2021)

Key assets companies

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