2019
2.4%
Features of the asset
- A leading paint supplier in the Southwestern U.S., offering an extensive lineup of paints and services to professionals in the paint and coatings industry
- Despite having a modest 2.5% market share in the overall U.S. decorative paints market, Dunn-Edwards is estimated to hold a 12% market share in California and 10-20% in neighboring areas
- Focusing on the West Coast within the U.S. market, aiming to achieve both sustainable growth and profitability
An excellent management team instrumental in achieving both sustainable growth and profitability
Financial outcomes
2023 results
Revenue increased by 1.1% YoY to JPY66.4 billion, impacted by the sluggish U.S. economy and housing market, as well as unfavorable weather in California.
Meanwhile, its market share remained steady at 2.5%, roughly the same as the previous year.
Growth since the acquisition (2018*1)
Dunn-Edwards offers unique customer services that differentiate it from competitors, along with high-quality, wide-ranging products. By leveraging our Group’s marketing know-how, Dunn-Edwards has promoted the supply of new products through both new stores and its existing distribution network. As a result, its revenue has successfully grown by 48.9% compared to 2018.
Trends in revenues
Market share*2: 2.5% (YoY +0.0pt / growth since acquisition +0.1pt)
2019
2020
2021
2022
2023
2020
2.4%
2021
2.5%
2022
2.5%
2023
2.5%
- Dunn-Edwards’ performance was compared using the 2018 figures because the 2017 figures, the first year post-acquisition, only covered 10 months following its acquisition in March 2017
- NPHD’s estimates
Non-financial outcomes (2023 results)
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