Data of Former Reportable Segment
Japan
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 10.2 | 8.5 | 7.6 | 8.9 | 35.3 |
| Decorative | 9.9 | 11.9 | 11.4 | 12.1 | 45.4 |
| Industrial | 9.0 | 9.6 | 9.6 | 10.0 | 38.1 |
| Fine chemicals | 2.3 | 2.4 | 2.0 | 1.8 | 8.4 |
| Others*2 | 9.6 | 9.1 | 9.4 | 9.3 | 37.4 |
| Revenue | 41.0 | 41.5 | 40.0 | 42.1 | 164.6 |
| Operating profit*3 | 4.4 | 3.0 | 1.4 | 1.6 | 10.3 |
| OP margin*3 | 10.7% | 7.1% | 3.4% | 3.7% | 6.3% |
| One-time factor*4 | - | - | -0.1 | 0.0 | -0.1 |
Oceania
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Decorative | 21.5 | 21.6 | 22.0 | 25.3 | 90.4 |
| Industrial | 1.6 | 1.9 | 1.9 | 2.0 | 7.4 |
| Adjacencies business | 18.4 | 19.2 | 19.7 | 21.2 | 78.4 |
| Revenue | 41.5 | 42.7 | 43.6 | 48.5 | 176.2 |
| Operating profit | 5.7 | 5.3 | 5.1 | 2.9 | 19.0 |
| OP margin | 13.8% | 12.4% | 11.7% | 6.0% | 10.8% |
| One-time factor*4 | - | - | -0.4 | -0.4 | -0.8 |
Americas
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 6.2 | 6.1 | 5.5 | 5.5 | 23.3 |
| Decorative | 11.2 | 14.3 | 13.4 | 12.9 | 51.8 |
| Fine chemicals | 0.3 | 0.3 | 0.2 | 0.4 | 1.3 |
| Others*2 | - | - | - | - | - |
| Revenue | 17.7 | 20.7 | 19.2 | 18.8 | 76.4 |
| Operating profit | 0.9 | 1.8 | 1.2 | -0.3 | 3.6 |
| OP margin | 5.2% | 8.8% | 6.2% | -1.8% | 4.7% |
Other
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive*5 | 0.5 | 0.4 | 0.3 | 0.5 | 1.6 |
| Decorative | 6.7 | 7.5 | 6.6 | 6.2 | 27.1 |
| Industrial | 1.1 | 1.2 | 1.4 | 1.4 | 5.0 |
| Fine chemicals | - | - | - | - | - |
| Others*2 | - | - | - | - | - |
| Adjacencies business | 3.6 | 5.0 | 3.7 | 4.7 | 17.1 |
| Revenue | 11.9 | 14.1 | 12.0 | 12.8 | 50.8 |
| Operating profit | 1.5 | 1.4 | 1.3 | 3.0 | 7.1 |
| OP margin | 12.4% | 9.8% | 10.7% | 23.4% | 14.1% |
| One-time factor*4 | - | - | - | - | - |
Asia
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 18.2 | 18.0 | 15.8 | 20.5 | 72.5 |
| Decorative | 78.8 | 104.7 | 107.8 | 101.2 | 392.4 |
| Industrial | 7.8 | 9.2 | 8.5 | 8.7 | 34.2 |
| Fine chemicals | 1.6 | 1.7 | 1.6 | 1.9 | 6.8 |
| Others*2 | 4.2 | 5.2 | 5.0 | 6.4 | 20.8 |
| Adjacencies business | - | 1.3 | 1.1 | 1.1 | 3.4 |
| Revenue | 110.6 | 140.1 | 139.7 | 139.9 | 530.2 |
| Operating profit | 17.8 | 16.1 | 10.6 | 16.3 | 60.9 |
| OP margin | 16.1% | 11.5% | 7.6% | 11.6% | 11.5% |
| One-time factor*4 | -1.1 | 0.4 | -2.5 | 1.3 | -2.0 |
Breakdown of Asia
NIPSEA China
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 9.3 | 9.8 | 8.6 | 10.7 | 38.4 |
| Decorative | 57.3 | 85.0 | 92.1 | 78.1 | 312.4 |
| Industrial | 5.7 | 7.1 | 6.4 | 6.5 | 25.7 |
| Others*2 | 0.6 | 0.7 | 0.5 | 0.7 | 2.6 |
| Revenue | 72.9 | 102.5 | 107.6 | 96.0 | 379.1 |
| Operating profit | 9.4 | 10.0 | 7.2 | 9.2 | 35.9 |
| OP margin | 12.8% | 9.8% | 6.7% | 9.6% | 9.5% |
| One-time factor*4 | 0.2 | 0.4 | -2.5 | 1.3 | -0.6 |
NIPSEA Except China
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 37.6 | 37.6 | 32.0 | 43.8 | 151.1 |
| Operating profit | 8.5 | 6.1 | 3.4 | 7.0 | 25.0 |
| OP margin | 22.5% | 16.2% | 10.6% | 16.1% | 16.5% |
| One-time factor*4 | -1.4 | - | - | - | -1.4 |
Adjustments
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | - | - | - | - | - |
| Operating profit | -5.6 | -3.3 | -2.5 | -1.9 | -13.3 |
| One-time factor*4 | -2.6 | -1.0 | - | -0.2 | -3.9 |
Total
(Billion yen)
| FY2021*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 222.7 | 259.1 | 254.5 | 262.0 | 998.3 |
| Operating profit | 24.7 | 24.3 | 17.1 | 21.5 | 87.6 |
| OP margin | 11.1% | 9.4% | 6.7% | 8.2% | 8.8% |
| One-time factor*4 | -3.7 | -0.7 | -3.0 | 0.6 | -6.8 |
*1 The earnings for FY2020 and thereafter have been adjusted retrospectively following the classification of the European automotive coatings business and the India business after they were transferred to the Wuthelam Group (announced on August 10, 2021) and a change in accounting policy regarding cloud computing agreement beginning with FY2021 4Q. Figures for FY2020 1Q, 2Q, 3Q and FY2021 1Q, 2Q, 3Q are pro forma figures
*2 The “Others” business includes marine, auto refinish, etc.
*3 The earnings figures for FY2019 are before the classification of NPHD’s expenses which were previously charged to the Japan segment to Adjustments and Figures from FY2020 are after the application of this classification
*4 One-time factor is the total amount of subsidy/insurance, etc. (subsidy income, insurance income, gain on sale of non-current assets, expenses for production facility restructuring projects in Japan), M&A related expenses, one-off PPA adjustments, impairment loss and credit loss provision which are items included in Adjustments in the reference data of the financial results presentation material in prior periods
*5 Automotive coatings business of Nippon Paint Turkey
Japan
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 10.2 | 5.5 | 8.9 | 10.1 | 34.7 |
| Decorative | 10.3 | 11.1 | 10.6 | 11.7 | 43.7 |
| Industrial | 9.1 | 8.4 | 8.5 | 9.4 | 35.3 |
| Fine chemicals | 2.0 | 1.7 | 1.8 | 2.4 | 7.9 |
| Others*2 | 9.2 | 9.5 | 10.7 | 11.1 | 40.5 |
| Revenue | 40.8 | 36.2 | 40.3 | 44.7 | 162.0 |
| Operating profit*3 | 5.1 | 1.8 | 4.1 | 5.2 | 16.1 |
| OP margin*3 | 12.5% | 4.9% | 10.1% | 11.6% | 9.9% |
| One-time factor*4 | - | - | 0.2 | 0.0 | 0.2 |
Oceania
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Decorative | 17.0 | 18.9 | 20.0 | 21.1 | 77.1 |
| Industrial | 1.3 | 1.2 | 1.6 | 1.5 | 5.7 |
| Adjacencies business | 13.5 | 14.9 | 18.6 | 18.5 | 65.5 |
| Revenue | 31.8 | 35.0 | 40.3 | 41.2 | 148.3 |
| Operating profit | 3.3 | 4.6 | 5.2 | 2.2 | 15.4 |
| OP margin | 10.5% | 13.2% | 13.0% | 5.4% | 10.4% |
| One-time factor*4 | - | - | - | - | - |
Americas
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 6.0 | 2.5 | 6.4 | 6.2 | 21.1 |
| Decorative | 10.9 | 12.0 | 12.4 | 11.3 | 46.5 |
| Fine chemicals | 0.7 | 0.6 | 0.6 | 0.4 | 2.4 |
| Others*2 | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 |
| Revenue | 17.7 | 15.1 | 19.4 | 17.9 | 70.1 |
| Operating profit | 0.8 | 0.4 | 2.2 | 1.1 | 4.5 |
| OP margin | 4.7% | 2.4% | 11.2% | 6.4% | 6.4% |
Other
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive*5 | 0.4 | 0.1 | 0.4 | 0.5 | 1.4 |
| Decorative | 5.2 | 4.1 | 6.8 | 4.8 | 21.0 |
| Industrial | 0.8 | 0.7 | 1.0 | 1.1 | 3.7 |
| Fine chemicals | - | - | - | - | - |
| Others*2 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 |
| Adjacencies business | 2.0 | 2.5 | 3.3 | 3.4 | 11.2 |
| Revenue | 8.4 | 7.5 | 11.7 | 10.0 | 37.6 |
| Operating profit | 1.1 | 0.7 | 2.2 | 1.5 | 5.4 |
| OP margin | 13.3% | 8.7% | 18.6% | 14.9% | 14.4% |
| One-time factor*4 | - | - | - | - | - |
Asia
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 11.7 | 11.3 | 15.0 | 18.2 | 56.3 |
| Decorative | 40.5 | 66.0 | 75.3 | 70.8 | 252.6 |
| Industrial | 5.1 | 5.8 | 6.7 | 6.8 | 24.4 |
| Fine chemicals | 1.2 | 1.1 | 1.4 | 1.7 | 5.4 |
| Others*2 | 3.2 | 3.7 | 4.2 | 4.6 | 15.7 |
| Adjacencies business | - | - | - | - | - |
| Revenue | 61.7 | 88.0 | 102.7 | 102.1 | 354.5 |
| Operating profit | 7.1 | 14.5 | 17.2 | 16.6 | 55.3 |
| OP margin | 11.5% | 16.4% | 16.7% | 16.2% | 15.6% |
| One-time factor*4 | 0.1 | 0.8 | 0.3 | 2.0 | 3.2 |
Breakdown of Asia
NIPSEA China
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 5.5 | 7.5 | 8.5 | 10.2 | 31.8 |
| Decorative | 31.5 | 59.8 | 65.2 | 59.5 | 216.0 |
| Industrial | 3.3 | 4.7 | 5.1 | 5.1 | 18.1 |
| Others*2 | 0.4 | 0.6 | 0.7 | 0.7 | 2.3 |
| Revenue | 40.6 | 72.5 | 79.5 | 75.5 | 268.1 |
| Operating profit | 4.7 | 13.9 | 13.5 | 11.8 | 43.9 |
| OP margin | 11.5% | 19.2% | 17.0% | 15.6% | 16.4% |
| One-time factor*4 | 0.1 | 0.7 | 0.3 | 1.9 | 2.9 |
NIPSEA Except China
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 21.1 | 15.5 | 23.2 | 26.6 | 86.4 |
| Operating profit | 2.4 | 0.6 | 3.7 | 4.8 | 11.4 |
| OP margin | 11.4% | 3.6% | 15.8% | 17.9% | 13.2% |
| One-time factor*4 | - | 0.1 | 0.1 | 0.1 | 0.3 |
Adjustments
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | - | - | - | - | - |
| Operating profit | -2.0 | -1.9 | -2.2 | -3.1 | -9.2 |
| One-time factor*4 | - | - | -0.3 | -0.2 | -0.5 |
Total
(Billion yen)
| FY2020*1 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 160.4 | 181.8 | 214.4 | 216.0 | 772.6 |
| Operating profit | 15.4 | 20.0 | 28.6 | 23.5 | 87.6 |
| OP margin | 9.6% | 11.0% | 13.4% | 10.9% | 11.3% |
| One-time factor*4 | 0.1 | 0.8 | 0.2 | 1.8 | 2.9 |
*1 The earnings for FY2020 and thereafter have been adjusted retrospectively following the classification of the European automotive coatings business and the India business after they were transferred to the Wuthelam Group (announced on August 10, 2021) and a change in accounting policy regarding cloud computing agreement beginning with FY2021 4Q. Figures for FY2020 1Q, 2Q, 3Q and FY2021 1Q, 2Q, 3Q are pro forma figures
*2 The “Others” business includes marine, auto refinish, etc.
*3 The earnings figures for FY2019 are before the classification of NPHD’s expenses which were previously charged to the Japan segment to Adjustments and Figures from FY2020 are after the application of this classification
*4 One-time factor is the total amount of subsidy/insurance, etc. (subsidy income, insurance income, gain on sale of non-current assets, expenses for production facility restructuring projects in Japan), M&A related expenses, one-off PPA adjustments, impairment loss and credit loss provision which are items included in Adjustments in the reference data of the financial results presentation material in prior periods
*5 Automotive coatings business of Nippon Paint Turkey
Japan
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 11.9 | 11.4 | 11.3 | 10.2 | 44.9 |
| Decorative | 11.0 | 12.8 | 12.6 | 11.8 | 48.2 |
| Industrial | 10.0 | 10.2 | 10.1 | 10.4 | 40.7 |
| Fine chemicals | 2.2 | 2.2 | 2.2 | 2.1 | 8.7 |
| Others*2 | 8.8 | 9.6 | 10.1 | 11.6 | 40.1 |
| Revenue | 43.8 | 46.3 | 46.4 | 46.1 | 182.6 |
| Operating profit*3 | 8.1 | 6.0 | 5.2 | 4.2 | 23.4 |
| OP margin*3 | 18.4% | 12.9% | 11.3% | 9.1% | 12.8% |
| One-time factor*4 | 2.0 | -0.9 | -1.1 | -1.1 | -1.0 |
Oceania
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Decorative | - | - | 6.6 | 18.0 | 24.6 |
| Industrial | - | - | 0.5 | 1.5 | 2.0 |
| Adjacencies business | - | - | 6.1 | 14.9 | 21.0 |
| Revenue | - | - | 13.1 | 34.4 | 47.6 |
| Operating profit | - | - | 2.8 | 3.1 | 5.9 |
| OP margin | - | - | 21.4% | 8.9% | 12.3% |
| One-time factor*4 | - | - | - | - | - |
Americas
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 6.7 | 6.7 | 6.3 | 6.2 | 25.9 |
| Decorative | 9.9 | 12.7 | 12.1 | 10.7 | 45.4 |
| Fine chemicals | 0.8 | 0.8 | 0.7 | 0.8 | 3.1 |
| Others*2 | 0.0 | 0.1 | 0.1 | 0.0 | 0.2 |
| Revenue | 17.5 | 20.3 | 19.1 | 17.7 | 74.6 |
| Operating profit | 0.6 | 2.1 | 1.3 | 1.0 | 5.0 |
| OP margin | 3.6% | 10.2% | 6.7% | 5.9% | 6.7% |
Other
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive*5 | 3.2 | 3.0 | 2.6 | 3.0 | 11.8 |
| Decorative | - | - | 4.7 | 4.2 | 8.8 |
| Industrial | 0.1 | 0.0 | 0.8 | 0.9 | 1.8 |
| Fine chemicals | 0.2 | 0.3 | 0.3 | 0.3 | 1.0 |
| Others*2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Adjacencies business | - | - | 2.3 | 2.2 | 4.6 |
| Revenue | 3.5 | 3.3 | 10.7 | 10.5 | 28.0 |
| Operating profit | -0.1 | -0.3 | 0.8 | -7.3 | -7.0 |
| OP margin | -2.6% | -10.4% | 7.1% | -69.4% | -24.9% |
| One-time factor*4 | - | - | - | -7.8 | -7.8 |
Asia
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 16.5 | 17.2 | 15.9 | 17.5 | 67.1 |
| Decorative | 54.3 | 65.6 | 65.3 | 58.5 | 243.7 |
| Industrial | 6.5 | 6.8 | 6.6 | 5.7 | 25.6 |
| Fine chemicals | 1.5 | 1.6 | 1.5 | 1.6 | 6.0 |
| Others*2 | 3.7 | 3.9 | 4.2 | 4.9 | 16.8 |
| Adjacencies business | - | - | - | - | - |
| Revenue | 82.5 | 95.2 | 93.4 | 88.1 | 359.2 |
| Operating profit | 11.5 | 14.2 | 14.4 | 10.7 | 50.8 |
| OP margin | 13.9% | 14.9% | 15.4% | 12.2% | 14.1% |
| One-time factor*4 | 0.1 | 0.7 | 1.9 | -2.5 | 0.2 |
Breakdown of Asia
NIPSEA China
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 8.2 | 9.0 | 7.5 | 9.1 | 33.8 |
| Decorative | 44.3 | 55.4 | 55.3 | 47.7 | 202.7 |
| Industrial | 4.6 | 5.0 | 4.8 | 4.0 | 18.4 |
| Others*2 | 0.8 | 0.7 | 0.7 | 0.5 | 2.6 |
| Revenue | 57.9 | 70.2 | 68.3 | 61.2 | 257.5 |
| Operating profit | 9.1 | 11.4 | 11.3 | 8.3 | 40.1 |
| OP margin | 15.7% | 16.2% | 16.6% | 13.6% | 15.6% |
| One-time factor*4 | 0.1 | 0.7 | 1.9 | 0.1 | 2.8 |
NIPSEA Except China
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 24.6 | 25.1 | 25.1 | 27.0 | 101.7 |
| Operating profit | 2.4 | 2.8 | 3.0 | 2.4 | 10.7 |
| OP margin | 9.8% | 11.3% | 12.2% | 9.0% | 10.5% |
| One-time factor*4 | - | - | - | -2.6 | -2.6 |
Adjustments
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | Not disclosed | ||||
| Operating profit | |||||
| One-time factor*4 | |||||
Total
(Billion yen)
| FY2019 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 147.4 | 165.1 | 182.7 | 196.9 | 692.0 |
| Operating profit | 20.1 | 21.8 | 24.4 | 11.7 | 78.1 |
| OP margin | 13.6% | 13.2% | 13.4% | 5.9% | 11.3% |
| One-time factor*4 | 2.1 | -0.2 | 0.8 | -11.4 | -8.7 |
*1 The earnings for FY2020 and thereafter have been adjusted retrospectively following the classification of the European automotive coatings business and the India business after they were transferred to the Wuthelam Group (announced on August 10, 2021) and a change in accounting policy regarding cloud computing agreement beginning with FY2021 4Q. Figures for FY2020 1Q, 2Q, 3Q and FY2021 1Q, 2Q, 3Q are pro forma figures
*2 The “Others” business includes marine, auto refinish, etc.
*3 The earnings figures for FY2019 are before the classification of NPHD’s expenses which were previously charged to the Japan segment to Adjustments and Figures from FY2020 are after the application of this classification
*4 One-time factor is the total amount of subsidy/insurance, etc. (subsidy income, insurance income, gain on sale of non-current assets, expenses for production facility restructuring projects in Japan), M&A related expenses, one-off PPA adjustments, impairment loss and credit loss provision which are items included in Adjustments in the reference data of the financial results presentation material in prior periods
*5 Automotive coatings business of Nippon Paint Turkey
Japan
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 11.5 | 11.1 | 10.6 | 12.1 | 45.3 |
| Decorative | 10.6 | 12.0 | 11.2 | 13.0 | 46.8 |
| Industrial | 9.5 | 10.0 | 10.0 | 11.2 | 40.6 |
| Fine chemicals | 2.2 | 2.2 | 2.1 | 2.4 | 8.9 |
| Others*2 | 9.1 | 10.6 | 10.7 | 10.7 | 41.2 |
| Revenue | 43.0 | 45.9 | 44.7 | 49.3 | 182.8 |
| Operating profit*3 | 8.7 | 7.3 | 5.9 | 7.6 | 29.6 |
| OP margin*3 | 20.3% | 15.9% | 13.3% | 15.5% | 16.2% |
| One-time factor*4 | 2.3 | - | - | - | 2.3 |
Oceania
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Decorative | - | - | - | - | - |
| Industrial | - | - | - | - | - |
| Adjacencies business | - | - | - | - | - |
| Revenue | - | - | - | - | - |
| Operating profit | - | - | - | - | - |
| OP margin | - | - | - | - | - |
| One-time factor*4 | - | - | - | - | - |
Americas
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 7.2 | 7.0 | 6.5 | 6.7 | 27.3 |
| Decorative | 10.0 | 12.0 | 11.7 | 10.9 | 44.6 |
| Fine chemicals | 0.7 | 0.8 | 0.8 | 0.8 | 3.1 |
| Others*2 | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 |
| Revenue | 17.9 | 19.8 | 19.0 | 18.5 | 75.2 |
| Operating profit | 0.9 | 2.0 | 1.3 | 0.7 | 5.0 |
| OP margin | 5.2% | 10.2% | 7.1% | 3.8% | 6.6% |
Other
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive*5 | 3.6 | 3.2 | 2.8 | 3.3 | 12.8 |
| Decorative | - | - | - | - | - |
| Industrial | 0.1 | 0.1 | 0.0 | 0.1 | 0.3 |
| Fine chemicals | 0.2 | 0.1 | 0.2 | 0.2 | 0.8 |
| Others*2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Adjacencies business | - | - | - | - | - |
| Revenue | 3.9 | 3.4 | 3.0 | 3.6 | 13.9 |
| Operating profit | 0.1 | 0.1 | -0.2 | -0.6 | -0.5 |
| OP margin | 3.4% | 2.3% | -6.0% | -15.5% | -3.8% |
| One-time factor*4 | - | - | - | - | - |
Asia
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 18.5 | 19.6 | 17.6 | 18.5 | 74.2 |
| Decorative | 54.6 | 62.2 | 64.0 | 50.2 | 231.1 |
| Industrial | 6.4 | 7.6 | 7.5 | 6.3 | 27.9 |
| Fine chemicals | 1.6 | 1.8 | 1.7 | 1.5 | 6.6 |
| Others*2 | 3.3 | 3.7 | 3.8 | 5.3 | 16.0 |
| Adjacencies business | - | - | - | - | - |
| Revenue | 84.4 | 94.9 | 94.7 | 81.8 | 355.7 |
| Operating profit | 12.1 | 13.6 | 14.8 | 11.9 | 52.4 |
| OP margin | 14.3% | 14.3% | 15.7% | 14.6% | 14.7% |
| One-time factor*4 | 1.9 | 1.0 | 2.5 | 1.8 | 7.1 |
Breakdown of Asia
NIPSEA China
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Automotive | 10.2 | 11.0 | 8.8 | 9.4 | 39.4 |
| Decorative | 43.4 | 52.2 | 53.2 | 40.3 | 189.2 |
| Industrial | 4.6 | 5.8 | 5.8 | 4.6 | 20.9 |
| Others*2 | 0.4 | 0.4 | 0.5 | 1.0 | 2.3 |
| Revenue | 58.6 | 69.4 | 68.3 | 55.4 | 251.7 |
| Operating profit | 8.7 | 10.6 | 11.3 | 7.8 | 38.4 |
| OP margin | 14.9% | 15.2% | 16.6% | 14.1% | 15.3% |
| One-time factor*4 | 1.9 | 1.0 | 2.5 | 1.8 | 7.1 |
NIPSEA Except China
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 25.9 | 25.5 | 26.3 | 26.4 | 104.1 |
| Operating profit | 3.3 | 3.0 | 3.5 | 4.1 | 14.0 |
| OP margin | 13.0% | 11.8% | 13.4% | 15.7% | 13.5% |
| One-time factor*4 | - | - | - | - | - |
Adjustments
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | Not disclosed | ||||
| Operating profit | |||||
| One-time factor*4 | |||||
Total
(Billion yen)
| FY2018 | 1Q | 2Q | 3Q | 4Q | F/Y |
|---|---|---|---|---|---|
| Revenue | 149.2 | 164.0 | 161.3 | 153.2 | 627.7 |
| Operating profit | 21.9 | 23.0 | 21.9 | 19.7 | 86.5 |
| OP margin | 14.7% | 14.0% | 13.6% | 12.9% | 13.8% |
| One-time factor*4 | 4.2 | 1.0 | 2.5 | 1.8 | 9.4 |
*1 The earnings for FY2020 and thereafter have been adjusted retrospectively following the classification of the European automotive coatings business and the India business after they were transferred to the Wuthelam Group (announced on August 10, 2021) and a change in accounting policy regarding cloud computing agreement beginning with FY2021 4Q. Figures for FY2020 1Q, 2Q, 3Q and FY2021 1Q, 2Q, 3Q are pro forma figures
*2 The “Others” business includes marine, auto refinish, etc.
*3 The earnings figures for FY2019 are before the classification of NPHD’s expenses which were previously charged to the Japan segment to Adjustments and Figures from FY2020 are after the application of this classification
*4 One-time factor is the total amount of subsidy/insurance, etc. (subsidy income, insurance income, gain on sale of non-current assets, expenses for production facility restructuring projects in Japan), M&A related expenses, one-off PPA adjustments, impairment loss and credit loss provision which are items included in Adjustments in the reference data of the financial results presentation material in prior periods
*5 Automotive coatings business of Nippon Paint Turkey