- Investor Relations (IR)
- 2023.06.30
Notification of Parent Company’s Financial Results
#Company Information・Management
#Investor Relations
#timely disclosure
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June 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: 4612; TSE Prime)
Contact:Ryosuke Tanaka
Executive General Manager
Investor Relations, Sustainability and Public Relations
(TEL +81-50-3131-7419)
Notification of Parent Company’s Financial Results
Nippon Paint Holdings Co., Ltd. (the “Company”) announces the FY2022 financial results of its Parent Company, Nipsea International Limited.
1. Corporate Overview
| (1) Company Name | Nipsea International Limited |
|---|---|
| (2) Address | Suites 3203 and 3204, 32nd Floor, Tower 2, Nina Tower, No.8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong |
| (3) Representative | Director, Leung Ho Foon |
| (4) Main business | Investment Business |
| (5) Capital | HK $15,773 million |
2. Status of Shares of Nipsea International Limited
(1) Status, by Type of Holder
(As of December 31, 2022)
| Classification | Shares | Number of fractional shares
(shares) |
|||||||
| Govern-ments /Local Governments | Financial institutions | Financial instruments operators | Other corporations | Foreign corporations, etc. | ndividuals & Others | Total | |||
| Excl. individuals | Individuals | ||||||||
| Number of shareholders (persons) | － | － | － | － | 1 | － | － | 1 | － |
| Number of shares held (shares) | － | － | － | － | 1,450,000,000 | － | － | 1,450,000,000 | － |
| Percentage of shares held(%) | － | － | － | － | 100 | － | － | 100 | － |
(2) Major Shareholders
(As of December 31, 2022)
| Name or trade name | Address | Number of shares held(shares) | Percentage to total number of shares issued (%) |
| Nipsea Holdings International Limited | Suites 3203 and 3204, 32nd Floor, Tower 2, Nina Tower, No.8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong | 1,450 million | 100 |
| Total | － | 1,450 million | 100 |
3. Board of Directors
(As of filing date)
| Responsi-bilities | Name | Date of birth | Brief profile | Number of shares held (shares) |
| Director | Leung Ho Foon | Oct. 9, 1949 |
|
－ |
| Director | Goh Hup Jin | Apr. 6, 1953 |
|
－ |
| Director | Lavoo Martin Yuen An | Feb. 12, 1987 |
|
－ |
| Director | Sim Gaik Heok | Aug. 22, 1967 |
|
－ |
| Director | Ng Kwok Kam Cecilia | Feb. 25, 1967 |
|
－ |
| Director | Zhou Lan | Aug. 24, 1966 |
|
－ |
4. Financial Statements
(1) Balance Sheet
(Unit: one thousand HKD)
| Line item | FY2022 | FY2021 |
|
|
|
| 80,100,550 | 109,931,111 | |
|
|
|
| 174,688 | 489,175 | |
|
|
|
| 75,767,192 | 91,088,290 | |
|
(75,592,504) | (90,599,115) |
|
4,508,046 | 19,331,996 |
|
|
|
|
4,508,046 | 19,331,996 |
Note: Amounts are rounded down.
(2) Statement of profit or loss and other comprehensive income
(Unit: one thousand HKD)
| FY2022 | FY2021 | |
| Revenue | 766,726 | 657,271 |
| Other income | 1,787 | 236 |
| Administrative expenses | (3,404) | (4,031) |
| Other operating expenses | (43,217) | (17,709) |
| Fair value (loss)/gain on investment in an associate | - | (19,330,095) |
| Impairment loss on investment in a subsidiary | (29,830,505) | (57,199,454) |
| (Loss)/profit before taxation | (29,108,613) | (75,893,781) |
| Income tax | (38,336) | (32,863) |
| (Loss)/profit and other comprehensive (loss)/income for the year | (29,146,950) | (75,926,645) |
Note: Amounts are rounded down.
(3) Statement of cash flows
（Unit: one thousand HKD）
| FY2022 | FY2021 | |
|
|
|
|
|
|
| Cash (used in)/generated from operations | (279,028) | 78,667,730 |
| Withholding tax paid | (38,336) | (32,863) |
| Net cash (used in)/generated from operating activities | (317,364) | 78,634,867 |
|
|
|
| Net cash (used in)/generated from investing activities | 1,691 | (78,413,731) |
| Net increase/(decrease) in cash and cash equivalents | (315,673) | 221,135 |
| Cash and cash equivalents at January 1 | 470,469 | 249,334 |
| Cash and cash equivalents at December 31 | 154,795 | 470,469 |
|
|
|
| Time deposit with banks with maturity within 3 months | 151,854 | 40,852 |
| Cash and bank balances | 2,941 | 429,616 |
| Cash and cash equivalents at December 31 | 154,795 | 470,469 |
Note: Amounts are rounded down.