- Investor Relations (IR)
- 2023.05.30
Nippon Paint Holdings Selected as a Constituent Stock of JPX Prime 150 Index
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May 30, 2023
Company:Nippon Paint Holdings Co., Ltd.
Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime)
Contact:Ryosuke Tanaka
Executive General Manager
Investor Relations, Sustainability and Public Relations
(TEL +81-50-3131-7419)
Nippon Paint Holdings Selected
as a Constituent Stock of JPX Prime 150 Index
Nippon Paint Holdings Co., Ltd. (NPHD) has been selected as a constituent stock of the JPX Prime 150 index, a new index launched by JPX Market Innovation & Research, Inc., a Japan Exchange Group company. This index was developed as a new stock index that will be composed of stocks selected to represent Japanese companies well positioned to create value from among the top-ranked stocks listed on TSE Prime Market by market capitalization based on two measures of value creation: 1) equity spread (the difference between return on equity (ROE) and cost of equity and 2) PBR (a market valuation that factors in future information and non-financial information). NPHD stock was selected based on the PBR criteria.
We will continue to pursue the maximization of EPS and PER based on Asset Assembler model of accelerating growth through existing businesses and M&As with the sole mission of achieving Maximization of Shareholder Value (MSV).
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