Editorial Policy
Editorial Policy for the Publication of Integrated Report 2026
—Reassessing the Appeal of the MSV Journey Through Dialogue with Investors—
For the 2026 edition of our Integrated Report, we planned, structured, and edited the content around the key questions most frequently raised by investors to present more clearly where the MSV Journey stands today and the key discussion points going forward. Throughout each section, we set out our perspective on these questions together with the initiatives we are undertaking to address them.
REPORT STRUCTURE
Integrated Report 2026 Structure
Click each category to view the relevant section PDF.- 01ConfrontationEditorial Policy, MSV Journey, and Leadership Roundtable
- 02CommitmentMessages from the Co-Presidents and Chairman / MSV and Management Model
- 03Strategy in ActionMedium-Term Strategy, Finance, M&A / Business Strategies
- 04Governance as
the BackboneBoard and Committee Activities / Risk Management and IR - 05Sustainable
PlatformSustainability and Human Resources / Natural Capital and R&D - 06Corporate InformationPrevious Medium-Term Plans, Corporate Information, and Production Process
Explore the Key Themes of 2026
Theme 01
Realizing Maximization of Shareholder Value (MSV)
Explore our management model, PER, and sustainability through the lens of MSV.
- 01Maximization of Shareholder Value (MSV)
- 02Asset Assembler Model
- 03Autonomous and Decentralized Management
- 04How Shareholder Value Is Maximized
- 05Investors’ Three Key Questions About the Asset Assembler Model
- 06Platform Supporting Autonomous and Decentralized Management
- 07Stock-Price Conscious Management
- 08Maximizing PER
- 09Sustainability as the Prerequisite for MSV
Theme 02
Medium-Term Strategy
Explore how we compound EPS through both organic and inorganic growth.
Full Report PDF Download
Section PDF Downloads
- P01–02Our Commitment to MSV Journey
- P03Table of Contents
- P04Information Disclosure Structure
- P05–06Why Invest in Nippon Paint?
- P07–11Leadership Roundtable
Advancing the MSV Journey: Management Priorities and the Path Forward - P12–15Stock-Price Conscious Management
- P16Our Value Creation Process to Pursue MSV
- P17–18Leadership at the Forefront of the MSV Journey
- P19Commitment
- P20–22Message from Co-President Wakatsuki
- P23–25Message from Co-President Wee
- P26Message from Chairman
- P27Maximization of Shareholder Value (MSV)
- P28How Shareholder Value Is Maximized
- P29Asset Assembler Model
- P30Autonomous and Decentralized Management
- P31–33What Are Acquisition-Driven Compounders?
- P34Investors’ Three Key Questions About Our MSV Journey
- P35Strategy in Action
- P36–37Medium-Term Strategy Updates (Released in February 2026)
- P38–40Our Finance Strategy Presented by Co-President Wakatsuki
- P41–42M&A Strategy
- P43–46Leadership Dialogue: NIPSEA China
Growing Against the Headwinds: Disciplined “Share × Margin” Execution to Deliver Profitable Growth - P47–48Case Study 1: Türkiye Group Business Strategy
How Betek Boya Has Accelerated Its Growth Since Joining the Nippon Paint Group - P49–50Case Study 2: AOC’s Business Strategy
How AOC Leverages Its Competitive Advantages to Drive Sustainable Growth - P51–52Performance Highlights
- P53Governance as the Backbone
- P54Distinctive Features of Our Governance
- P55Message from Board Chair
- P56Governance Highlights
- P57Major Board Discussions on Key Strategies
- P58Discussions by the Board of Directors
- P59–60Expected Roles of Independent Directors
- P61Analysis and Assessment of the Effectiveness of the Board of Directors
- P62Corporate Governance Structure
- P63–64Directors
- P65–66Nominating Committee Report
- P67–68Compensation Committee Report
- P69–70Audit Committee Report
- P71–72Risk Management
- P73IR Disclosure and Activities
Initiatives to Enhance Shareholder Value Based on Dialogue with Investors
- P74Sustainable Platform
- P75–77Sustainability as the Prerequisite for MSV
- P78The Connection Between Sustainability and Value Creation
- P79–80Management Resources Supporting Sustained Growth
- P81–82Human Resource Strategy
- P83Initiatives to Enhance Employee Engagement Across the Japan Group
- P84–85Natural Capital Strategy
- P86–87R&D Strategy
- P88Review of Our Previous Medium-Term Plans
- P89Corporate Information
- P90Production Process