Message from Co-Presidents
Nippon Paint Group operates in 35 countries and regions including Japan, Asia, Oceania, the Americas, and Europe with the sole mission of Maximization of Shareholder Value (MSV). MSV aims to maximize the financial value that remains after fulfilling our obligations to customers, suppliers, employees, society, and other stakeholders. We aim to achieve shareholder maximization for the long term, also not losing site of short to medium term maximization to the possible extent.
Based on this mission, we formulated the Group’s Corporate Purpose, “Enriching our living world through the power of Science + Imagination”, which defines the identity of Nippon Paint Group. Starting this year, Nippon Paint Holdings is focusing solely on functions as a listed company and as a pure holding company. Other functions involving business operations in Japan have been transferred to newly established Nippon Paint Corporate Solutions Co., Ltd. We will further accelerate our efforts to achieve MSV through the strong teamwork of our diverse employees around the world, while respecting the autonomy of each partner company*.
As Japan’s oldest paint and coatings manufacturer, we have continuously contributed to solving various social issues, starting with the development of non-toxic zinc white. A recent accomplishment is the development of anti-viral coating solutions. We foresee more growth worldwide of the paint and coatings industry and its adjacencies markets. Nippon Paint Group is well positioned to continue growing while respecting the history and traditions of the paint and coatings industry. We are proud to be, a strong and unique corporate group characterized by constant pursuit of growth, entrepreneurial spirit, and diverse and exceptionally talented people.
The Nippon Paint Group’s Medium-Term Plan (FY2021-2023) aims to further accelerate our global expansion and achieve revenue of 1.1 trillion yen and operating profit of 140 billion yen by FY2023.
We are dedicated to adapting to the ever-changing business environment in an agile and flexible manner while recognizing, the increasing need for actions concerning the global environment and social issues. We are committed to contributing to the advancement of society by fully leveraging the strengths of the Group under our Purpose with the goal of achieving MSV.
We deeply appreciate your support for the Nippon Paint Group in the past and for our future endeavors.
May 1, 2022
Yuichiro Wakatsuki, Director, Representative Executive Officer & Co-President
Wee Siew Kim, Director, Representative Executive Officer & Co-President