Reports and Presentations

Editorial Policy

Why is Nippon Paint an attractive investment opportunity?
This Integrated Report was developed by asking ourselves this very question and focusing squarely on the perspective of investors. Our objective is to clearly convey the unique appeal of Nippon Paint as an investment. Drawing on the feedback and questions we receive through ongoing dialogue with shareholders, we have carefully curated and presented the most essential information that reflects our identity as an Asset Assembler. Prepared with sincerity and transparency, the report is the result of close collaboration across our global teams, including departments in Japan and overseas, and thoughtful discussions with senior leadership, including the Co-Presidents and Board Chair. We thank you for taking the time to engage with this report and invite your feedback and suggestions for further improvement. In preparing this report, we have drawn upon several key frameworks and guidelines, including the Integrated Reporting Framework by the IFRS Foundation, the Guidance for Collaborative Value Creation by the Ministry of Economy, Trade and Industry, the Intellectual Property and Intangible Assets Governance Guidelines by the Cabinet Office, and the SASB Standards, among others.

Period and scope covered, etc.

Period covered: January 1 to December 31, 2024 (information on some activities after January 2025 is also included as necessary)
Scope of the report: Nippon Paint Holdings and its consolidated subsidiaries around the world
Accounting standard: Unless stated otherwise, figures to FY2017 are based on JGAAP and figures from FY2018 onwards are based on IFRS.

Integrated Report 2025 Briefing (Held on July 15, 2025)

(Appendix) Investor Book

(Appendix) Asset Management Report

Editorial Policy

As we enter our third year as Asset Assembler, we have meticulously crafted the Integrated Report 2024. This report has been carefully designed to convey our ongoing journey towards maximizing EPS in both the short and long term. We achieve this by strategically leveraging the advantages of our Asset Assembler platform, presenting our progress in a clear and logical narrative.
The report also highlights the critical role and superiority of our human capital, which is fundamental to sustaining our efforts towards MSV from multiple perspectives. In preparing this report, we have drawn upon several key frameworks and guidelines, including the Integrated Reporting Framework by the IFRS Foundation, the Guidance for Collaborative Value Creation by the Ministry of Economy, Trade and Industry, the Intellectual Property and Intangible Assets Governance Guidelines by the Cabinet Office, and the SASB Standards, among others.

Period and scope covered, etc.

Period covered: January 1 to December 31, 2023 (information on some activities after January 2024 is also included as necessary)
Scope of the report: Nippon Paint Holdings and its consolidated subsidiaries around the world
Accounting standard: Unless stated otherwise, figures to FY2017 are based on JGAAP and figures from FY2018 onwards are based on IFRS.

Integrated Report 2024 Key Points video

Integrated Report 2024 Briefing (Held on September 5, 2024)

(Appendix) GRI Standards Content Index / SASB Content Index

(Appendix) Investor Book

(Appendix) Asset Management Report

(Appendix) Financial Results

For users requesting a published version:

If you would like to request a published version, please apply through the "Eco Hot Line" report request site operated by Infoward Co., Ltd.
Please note: "Eco Hot Line" does not ship the published version to remote islands or locations outside of Japan.

*Please note that the entry under “Employees and volunteers who participated in the activities” in the “Investment in social contribution activities and their results and impacts (2023)” table of the “Growth with Communities” section on page 71 of the Integrated Report 2024 should correctly read “> 9,300 participants” instead of “> 56,000 participants”.

Editorial Policy

The main theme of the Integrated Report 2023 is about our strive to maximize shareholder value via inorganically skillful assembling of assets, and organically value enhancing management of assets. Editorial work referenced the Integrated Reporting Framework developed by the International Financial Reporting Standards Foundation, Guidance for Collaborative Value Creation by the Ministry of Economy, Trade and Industry, and the Sustainability Accounting Standards Board (SASB) Standards, etc. This report is unaudited.

Period and scope covered, etc.

Period covered: January 1 to December 31, 2022 (information on some activities after January 2023 is also included as necessary)
Scope of the report: Nippon Paint Holdings and its consolidated subsidiaries around the world
Accounting standard: Unless stated otherwise, figures to FY2017 are based on JGAAP and figures from FY2018 onwards are based on IFRS.

Integrated Report 2023 Key Points video

Integrated Report 2023 Briefing (Held on January 19, 2024)

(Appendix) GRI Standards Content Index / SASB Content Index

(Appendix) Investor Book

(Appendix) Financial Results

*Please note that the entry under “Japan Group” in the “Targets by Partner Company Group ” table of the “Climate Change” section on page 66 of the Integrated Report 2023 should correctly read “2030: 37% reduction” instead of “2025: 37% reduction.”

Editorial Policy

We use our Integrated Report as a communication tool for better understanding, as well as sound engagement, about our Group’s management policy and growth strategy among our investors as well as other stakeholders around the world.

The 2022 edition of the report conveys the medium- and long-term value creation story of Nippon Paint Group as we pursue Maximization of Shareholder Value (MSV) based on Asset Assembler model that aims to accelerate growth through our existing businesses and M&A.

This report presents the Group’s initiatives for pursuing autonomous growth based on mutual collaboration among Group partner companies in every region through autonomous and decentralized management. This management structure combines the delegation of authority and accountability based on Trust of Group partner companies around the world.

Editorial work referenced the Integrated Reporting Framework and the Sustainability Accounting Standards Board (SASB) Standards developed by the Value Reporting Foundation, and Guidance for Collaborative Value Creation by the Ministry of Economy, Trade and Industry, etc.

This report is unaudited.

Period and scope covered, etc.

Period covered: January 1 to December 31, 2021 (information on some activities after January 2022 is also included as necessary)
Scope of the report: Nippon Paint Holdings and its consolidated subsidiaries around the world
Accounting standard: Unless stated otherwise, figures to FY2017 are based on JGAAP and figures from FY2018 onwards are based on IFRS.

Integrated Report 2022 Key Points video

Editorial Policy

We started issuing the “Integrated Report” in FY 2016.
The 2021 edition of the report conveys the medium- and long-term growth story of the Nippon Paint group as we pursue further growth in the continually growing paint market around the world following our New Medium-Term Plan (FY2021-2023) to leverage the management resources and strengths that we have accumulated through our 140-year history.
This report presents the initiatives we are implementing to achieve Maximization of Shareholder Value (MSV) in line with our Purpose, which defines our Group’s shared identity. The initiatives will leverage the Group’s comprehensive strength through Spider Web Management which connects our partner companies around the world to create new products and services that meet customer needs and solve social issues.
Editorial work referenced the International Integrated Reporting Council (IIRC), Guidance for Collaborative Value Creation by the Ministry of Economy, Trade and Industry, guidelines from the Sustainability Accounting Standards Board (SASB) of the United States. This report is unaudited.

Period and scope covered, etc.

Period covered:
January 1 to December 31, 2020 (information on some activities after January 2021 is also included as necessary).

Scope of the report:
Nippon Paint Holdings and its domestic and overseas consolidated subsidiaries.

Accounting standard:
Unless stated otherwise, figures to FY2017 are based on JGAAP and figures from FY2018 onwards are based on IFRS.

GRI Standards Content Index / SASB Content Index

Editorial Policy

We started issuing the “Integrated Report” in FY 2016.
The 2020 edition of the report conveys the strategic story of the Nippon Paint Holdings Group as we pursue a global business strategy based on an ESG and SDGs perspective as a leading company in the paint industry toward achieving Maximization of Shareholder Value (MSV), our paramount management mission. Under the new management structure which kicked off in January 2020, the Group strives to create new products and services that address customer needs and various social issues by demonstrating its comprehensive capability under “spider web management” that creates synergy among Group companies toward MSV. The purpose of this report is to clearly communicate such commitment.
Editorial work referenced the International Integrated Reporting Framework by the International Integrated Reporting Council (IIRC), Guidance for Collaborative Value Creation by the Ministry of Economy, Trade and Industry, guidelines from the Sustainability Accounting Standards Board in the U.S., etc.

Period and scope covered, etc.

Period covered:
January 1 to December 31, 2019 (Information on some activities after January 2020 is also included as necessary.)

Scope of the report:
Nippon Paint Holdings and its domestic and overseas consolidated subsidiaries

Accounting standard:
Unless stated otherwise, figures before FY2017 are based on JGAAP whereas figures from FY2018 onwards are based on IFRS.

Editorial Policy

We started issuing the “Integrated Report” in FY 2016. With this report, we aim to properly inform shareholders, investors, and other stakeholders of the management philosophy of the Nippon Paint Holdings Group, as well as its business strategy and initiatives to improve our corporate value, and show the way to become the leading company committed to continuously creating new values, which is the state that we would like to be in the future.

The period covered and scope of the report

This report covers the fiscal year ending December 31, 2018 (January 1 to December 31, 2018). However, some information from before and after the period is also included in the report as necessary. Unless specifically mentioned, the scope for compiling data is the same as the scope of consolidation.

Editorial Policy

We started issuing the “Integrated Report” in FY 2016. With this report, we aim to properly inform shareholders, investors, and other stakeholders of the management philosophy of the Nippon Paint Holdings Group, as well as its business strategy and initiatives to improve our corporate value, and show the way to become the leading company committed to continuously creating new values, which is the state that we would like to be in the future.

The period covered and scope of the report

This report covers the fiscal year ending December 31, 2017 (January 1 to December 31, 2017). However, some information from before and after the period is also included in the report as necessary. Unless specifically mentioned, the scope for compiling data is the same as the scope of consolidation.

Editorial Policy

We started issuing the “Integrated Report” in FY2016. Our report shows initiatives to improve corporate value, management policy, business strategy, as well as directions to become a “Global Paint Major.” The Nippon Paint Group comprises Nippon Paint Holdings Co., Ltd., and Group companies in Japan and overseas.

The period covered and scope of the report

This report covers the fiscal year ending December 31, 2016 (April 1 to December 31, 2016). However, some information from before and after December 31 is also included in the report as necessary. In addition, as FY2016 marks a change in the accounting period, many of the FY2016 figures have been adjusted to cover the period from January 1 to December 31, 2016, in order to facilitate comparison with earlier financial results. If no special mention is made, the scope for compiling data is the same as scope of consolidation.

Editorial Policy

We have started issuing the “Integrated Report” since FY2016. Our Report shows efforts to improvement of corporate value, management policy, business strategy, as well as initiatives that Nippon Paint Group becomes a “Global Paint Major”.

The period covered and scope of the report

This report covers the fiscal year ending March 31, 2016 (April 1, 2015 to March 31, 2016). However, some information from before the target fiscal year and after April 2016 is also including in the report as necessary. The scope for compiling data is the same as the scope of consolidation.