Features of the asset
- Engaging in a wide range of businesses, including automotive coatings, decorative paints, industrial coatings, fine chemicals, and marine coatings
- Leading the Japanese paint market by leveraging advanced technological capabilities and strong brand power
- In the mature Japanese market, aiming to achieve both growth and profitability through unified group efforts
Competitive advantages
| Leading Japan's paint and coatings market across all segments |
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| Robust distribution networks supporting the No.1 market share |
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| Comprehensive technological capabilities cultivated across business segments |
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Financial outcomes
2024 results
Revenue from automotive coatings declined from the previous year due to a reduction in automobile production. Industrial coatings revenue remained stable, as the impact of weak market conditions was offset by the pass-through of price increases. Decorative paints revenue was unchanged, with consumer spending restraint and a shift toward economy products in response to inflation being counterbalanced by pass-through of price increases and effective sales initiatives. As a result, revenue grew by 0.8% from the previous year to JPY203.1 billion. Operating profit increased by 1.5％ to JPY19.4 billion, driven by an improved gross profit margin resulting from the pass-through of price increases.
Trends in revenue, operating profit, and operating profit margin
- The reportable segments were changed beginning in FY2022 1Q. Figures from 2021 onwards are based on the new reportable segments and include the overseas marine business.
Non-financial outcomes
Technologies
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External partners
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Nature/environment
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Related data
SWOT Analysis
For the SWOT analysis of each asset, please refer to the “Overview of Partner Companies” section in the Investor Book.
