Paints and coatings give color, comfort, and peace of mind everywhere in our daily life—in automobiles, office buildings, houses, and other large structures including bridges, the Shinkansen bullet train and other railroad vehicles, large machinery, vessels, and more. As a leading manufacturer of paints and coatings, Nippon Paint Holdings Group has played a major role in the chemical industry and continued to supply paint and coating products as needed to reflect an ever-changing society and environment. This year, we celebrate our 137th year of business as a comprehensive manufacturer of paints and coatings, boasting the longest history in Japan.
Without your great help and support, we could not have come this far. Allow me to take this opportunity to express my sincere gratitude.
In October 2014, we transferred to a holding company structure. In December of that year, we strengthened our collaboration with our 50-year-long business partner Wuthelam Group and, by adding most of the joint ventures in Asia to the scope of consolidation, our group has expanded its business scale significantly. Currently, five major operating companies in the group play a leading role in our global business expansion, dealing in automotive, industrial, trade-use and marine paints and coatings, as well as surface treatments. We already have strong bases for dealing in architectural paints in Asian countries including China, where demand for paints and coatings is continuously expanding in line with the growing economy. We will continue to reinforce our strengths and further expand our product lineup.
In 2018, our group set out what we would like to be in 2030—that is “a leading company committed to continuously creating new value.” To achieve this, the group’s medium-term management plan for 2018 through 2020 (called N-20) is designed to ensure that we attain the leading position in the segments and regions where we do business. In doing so, we will establish an overwhelming presence in Japan and the rest of Asia, and accelerate our global growth.
In order to realize our goal for 2030, we envisioned what we should be in the final fiscal year of N-20 and decided on the specific moves to make (measures or action plans to take) toward 2020. Also, we have revised our management philosophy to make it a compass that guides some 20 thousand employees worldwide in the same direction. With this new philosophy at the core of the group, we will steadily make the moves, as set out in N-20, and strive together as one toward what we would like to be in 2030.
To take our management soundness, transparency, and objectivity to an even higher level, our group has introduced a system of corporate governance that further separates management from execution. With maximization of shareholder value in mind at all times and making use of the total power of the Nippon Paint Holdings Group as “Global One Team,” we strive to grow into a truly great global group that gets ahead of the world-wide competition.
Your continued guidance and encouragement would be much appreciated.