Message from Co-Presidents
Nippon Paint Group promotes its business in 35 countries and regions including Japan, Asia, Oceania, the Americas, and Europe with the core mission of Maximization of Shareholder Value (MSV). MSV aims to maximize the residual financial value after fulfilling our duties to our stakeholders including but not limited to our customers, employees, business partners, and society. MSV aims for long term sustainable growth and value maximization, and is totally different from “shareholder primacy” which may focus on the short term profit maximization.
Based on this management 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 from this year, Nippon Paint Holdings focuses solely on functions as a listed company and as a pure holding company. Other functions relating to the business operations conducted 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 working around the world, while respecting the autonomous management of each partner company*.
As Japan’s longest-established paint and coatings manufacturer, we have continuously contributed to various social issue solving, starting from the development of non-toxic Aenka to most recently anti-viral coating solutions. As we foresee paint and coating industry and its adjacencies continue to grow globally, Nippon Paint Group is well positioned to sustain its growth profile while respecting the history and tradition of the paint industry, and we pride ourselves on being a strong and unique corporate group characterized by constant pursuit of growth, entrepreneurial spirit, and diverse and exceptionally talented people.
The Group’s “2021-2023 Medium-Term Management Plan” aims to further accelerate the Group’s global expansion and achieve revenue of 1.1 trillion yen and operating income of 140 billion yen by FY2023. While responding to the ever-changing business environment in an agile and flexible manner, also coping with the increasing need for global environment and social issues, we shall aim to fully leverage the strength of the Group under our Purpose, contributing to the development of society, eventually leading to realization of MSV.
We deeply appreciate your continuous support for Nippon Paint Group to this date and for our future endeavors.
Yuichiro Wakatsuki, Director, Representative Executive Officer & Co-President
Wee Siew Kim, Director, Representative Executive Officer & Co-President