Financial and ESG Data

The most recent financial results and earnings forecast, graphs of selected financial and non-financial data, and ESG information

Font Size

Latest Results and Forecast

Latest Results

<Consolidated Financial Results for the Six Months Ended June 30, 2021 (January 1, 2021 to June 30, 2021)>

During the six months ended June 30, 2021, consolidated revenue of Nippon Paint Holdings (“NPHD”) and its group companies increased by 44.1 % from the corresponding period of the previous year (the “previous year”) to ¥497,662 million due to the acquisition of 100% ownership of the Asia JVs and the Indonesia business owned by the Wuthelam Group (Wuthelam and Mr. Goh Hup Jin collectively, “Wuthelam and Mr. Goh”; Wuthelam and Mr. Goh, Wuthelam’s subsidiaries, and companies substantively controlled by Wuthelam and Mr. Goh collectively, the “Wuthelam Group”), coupled with the strong performance of the decorative coatings business in China, which is a key business of the Nippon Paint Group. Consolidated operating profit increased by 40.3 % from the previous year to ¥48,655 million on higher revenue despite raw material price increases across regions . Consolidated profit before tax increased by 41.8 % from the previous year to ¥48,195 million, and profit attributable to owners of parent increased by 99.7 % to ¥33,731 million.

Japan

Revenue for automotive coatings increased from the previous year due to a higher number of automobiles manufactured despite the impact of semiconductor shortage. Industrial coatings revenue increased due to solid market conditions such as new housing starts and the recovery from the COVID downturn in the construction machinery market. Decorative paints revenue was on a par with the previous year due to factors such as delays in construction projects and sluggish new paint project orders due to the resurgence of COVID infections.
As a result, consolidated revenue increased by 5.9% from the previous year to ¥80,214 million. Consolidated operating profit increased by 6.9% to ¥7,347 million. From the first quarter of the current fiscal year, headquarters expenses incurred by NPHD, which were previously allocated to the Japan segment, are classified as “Adjustments” that do not belong to any reportable segment in order to more accurately reflect the performance of each reportable segment.

Asia

The earnings of the Indonesia business have been included in the consolidated performance of the Nippon Paint Group from January 2021. Revenue for automotive coatings increased from the previous year due to the continuing market recovery as shown in the increase in the number of automobiles manufactured in China and Thailand. Revenue of decorative paints, a mainstay business in Asia, was higher than in the previous year as a result of contributions from the earnings of the Indonesia business, the continuing recovery in demand for new housing construction and repainting interiors of existing homes in China, and market share gains due to aggressive marketing activities in the major markets including China, Malaysia, Singapore, and Indonesia.
As a result, consolidated revenue increased by 74.9% from the previous year to ¥263,142 million, and consolidated operating profit increased by 58.2% to ¥33,688 million.

Oceania

Revenue for decorative paints increased from the previous year due to the absence of the adverse effects incurred by bushfires and floods in the previous year, coupled with the robust demand for home renovations. Revenue for the paint related business increased due to the robust demand for home renovations.
As a result, consolidated revenue increased by 25.9% from the previous year to ¥84,169 million, and consolidated operating profit increased by 35.4% to ¥11,243 million.

Americas

Revenue for automotive coatings increased from the previous year due to a higher number of automobile manufactured in the United States, a core region, despite automobile production adjustments due to the semiconductor shortage, as well as robust sales of auto parts. Decorative paints revenue increased due to factors such as stable housing demand and favorable weather.
As a result, consolidated revenue increased by 17.4% from the previous year to ¥38,400 million. Consolidated operating profit increased by 131.0% to ¥2,738 million.

Other

In Other region, automotive coatings revenue increased from the previous year due to the continuing market recovery from the impact of COVID, although at different paces from country to country as a result of the semiconductor shortage and other factors. Revenue for decorative paints and paint related businesses increased due to the continuing brisk market conditions and successful marketing activities.
As a result, consolidated revenue increased by 61.6% from the previous year to ¥31,734 million, and consolidated operating profit increased by 156.3% to ¥2,362 million.

Revenue composition by region
(Million yen)
Revenue composition by region
Japan: 80,214
Asia: 263,142
Oceania: 84,169
Americas: 38,400
Other: 31,734
Revenue composition by business
(Million yen)
Revenue composition by business
Automotive coatings: 74,458
Decorative paints: 294,056
Industrial coatings: 43,977
Fine chemicals: 9,113
Other paints: 28,577
Paint related business: 47,479

《Revenue》

Graph of RevenueGraph of Revenue

(Million yen)


1Q2Q3QFull-year
FY2021231,426497,662--
FY2020162,916345,440562,294781,146
FY2019147,359312,424495,119692,009

《Operating profit》

Graph of Operating profitGraph of Operating profit

(Million yen)


1Q2Q3QFull-year
FY202126,26048,655--
FY202015,23434,66963,31486,933
FY201920,12941,94566,47978,060

《Profit attributable to owners of parent》

Profit attributable to owners of parentProfit attributable to owners of parent

(Million yen)


1Q2Q3QFull-year
FY202117,68533,731
--
FY20207,47016,89031,637
44,648
FY201910,64820,93932,69736,717

Earnings Forecast

<FY2021 Forecast> ※Released on August 10, 2021

《Reasons for Revisions》

Our decorative paints business in China, a mainstay business of our Group, and our decorative paints business in Turkey delivered a solid performance due to continuing strong market conditions and price increases. In addition, our Group’s earnings were robust in Asia, Oceania, and the Americas. In Japan, our performance was below our forecast due to a resurgence of the COVID-19 pandemic.
Our profits were significantly affected by shortages of raw materials and higher raw material prices worldwide. While the higher revenue driven by strong market conditions raised our profits, we also implemented actions to boost profitability, such as reviewing selling, general and administrative expenses and reducing headquarters expenses. After taking into account factors including the yen’s appreciation against major currencies compared to our assumed exchange rates, as well as the transfer of shares accompanied by changes to subsidiaries and the dissolution and liquidation of a consolidated subsidiary announced today, we have decided to increase our forecast for revenue, operating profit, profit before tax, and profit attributable to owners of parent for the fiscal year ending December 31, 2021.

(Billion yen)


FY2020
Results
FY2021
Feb.
Forecast
FY2021
Aug.
Forecast
(Revised)
YoY(%)vs. Previous
Forecast(%)
(Feb.vs Aug.)
Revenue
781.1890.01,010.029.3%13.5%
Operating profit
(before Asian JV acquisition costs, etc.)
86.992.0107.023.1%16.3%
Asian JV costs, etc.
--5.0-5.0--
Operating profit
86.987.0102.017.3%17.2%
Profit attributable to owners of parent
44.667.078.074.7%16.4%


Assumptions for the FY2021 Forecast

Japan

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
159.6
10.1%
(exc HD
expenses)
c. +5%
矢印横右
No change
矢印斜め右下
Automotive
34.7

±0%

c. +10%

Decorative
43.7

c. +10%

c. +5%

Industrial
35.3

c. +15%

c. +10%

※ Forecasts are in local currencies

NIPSEA China

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
268.1
16.4%
c. +10%
矢印横右
c. +30%
矢印斜め右下
Decorative (DIY)
216.0

c. +10%

c. +30%

Decorative (PRJ)

c. +20%

c. +30%

Automotive
31.8

+5~10%

c. +10%

※ Forecasts are in local currencies

Asia Excepting NIPSEA China

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
88.5
12.5%
+5~10%
矢印横右
+20~25%
矢印横右

※ Forecasts are in local currencies

Asia (Indonesia)

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
30.3
33.8%
(For reference)
 +10~15%
矢印横右
(For reference)
+25~30%
矢印横右

※ Forecasts are in local currencies

Asia(India)

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
17.1
 
(For reference)
 +15~20%
矢印横右
Exclusion from
consolidation
※2
矢印横右

※1 Forecasts are in local currencies
※2 Five months' earnings will be excluded from the consolidated earnings for FY2021 due to share transfer

Oceania

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
148.3
11.6%
(before PPA)
+0~5%
矢印右上
c. +5%
矢印横右

※ Forecasts are in local currencies

Americas

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Revenue
70.1
6.4%
c. +5%
矢印横右
No change
矢印横右
Automotive
21.0

+5~10%

c. +5%

Decorative
46.5

c. +5%

+5~10%

※ Forecasts are in local currencies

Other

 
FY2020 Results
(Tanshin)
FY2021 Forecast
(As of Feb.)※
FY2021 Forecast
(As of Aug.)※
Revenue
(Billion yen)
OP margin
YoY
(Revenue)
YoY
(OP margin)
YoY
(Revenue)
YoY
(OP margin)
Automotive
8.7

c. +30%

Exclusion from
consolidation
※2

Betek Boya
36.2
13.8%
(before PPA)
c. +10%
矢印横右
c. +40%
矢印斜め右下

※1 Forecasts are in local currencies
※2 Five months' earnings will be excluded from the consolidated earnings for FY2021 due to share transfer

*Figures are in local currencies



Links to related pages

This website requires some functions similar to those of cookies.
If you allow our cookies, we use them to collect statistical data about your visit to improve our service. Videos are also presented by using YouTube. Cookies and other means are used only when you opt to watch videos. If you do not allow our cookies, only technical cookies are used.
Click/tap here for details.