Nippon Paint Holdings Co., Ltd. · TSE:4612
Nippon Paint — Nippon Paint Hldgs — Q1 2026 Earnings Presentation
34 slides from Nippon Paint's earnings presentation, May 15, 2026
Slide 1: FY2026 1Q Financial Results Presentation Material
May 15, 2026 FY2026 1Q Financial Results Presentation Material Historical Performance Summary P.3 FY2026 1Q Summary/Topics P.4 Supplemental Material P.8 1. FY2026 1Q Results: Highlights P.9 2. FY2026 1Q Results: By Segment P.12 (Appendix) Reference Data
Slide 2: Supplementary Information
Supplementary Information Operating Results Analysis This report primarily uses “Adjusted Profit” to explain operating results and trend analysis. ・ Adjusted Profit: Profit from consolidated financial statements excluding one-off or non-recurring items; subsidies, etc. are included ・ This metric pro
Slide 3: 1Q Historical Performance Summary
1. 1Q Historical Performance Summary (Billion yen) FY2018-FY2026 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q 1Q CAGR (%) Revenue 149.2 147.4 160.4 222.7 285.1 330.2 384.3 405.7 490.3 16.0% Gross profit 58.6 57.9 67.4 91.1 107.1 129.9 155.3 172.6 215.0 17
Slide 4: FY2026 1Q Results: Record-Breaking Revenue and Operating Profit
2. FY2026 1Q Results: Record-Breaking Revenue and Operating Profit • Revenue increased by +20.8%, driven by contributions from M&A (AOC), favorable FX, volume growth, and improved product mix FY2025 FY2026 (Billion yen) YoY 1Q 1Q • Adjusted operating profit rose sharply by +37.9% (organic: +21.6%, i
Slide 5: Market & Business Environment
3. Market & Business Environment DGL DGL Japan NIPSEA China Americas AOC (Pacific) (Europe) Automotive (Adjacencies) FY2026 1Q Decorative TUC TUB FY2026 Automotive 2Q (Adjacencies) (outlook) Decorative TUC TUB Automotive FY2026 (Adjacencies) (outlook) Decorative TUC TUB ■ Market (YoY) ■Business (vs.
Slide 6: Summary of Operating Results in Major Segments
4. Summary of Operating Results in Major Segments (Billion yen) FY2025 FY2026 YoY Overview 1Q 1Q Higher revenue, driven by decorative segment growth from higher sales of high-durability architectural and structural products, Revenue 48.4 52.4 +8.4% along with stronger industrial segment sales follow
Slide 7: Major Topics
5. Major Topics The 145th anniversary of founding (March 14) • On March 14, 2026, Nippon Paint Group marked the 145th anniversary of its founding in 1881 • With sincere appreciation for the continued support of all stakeholders, the Group will continue creating new value while building on the aspira
Slide 8: Supplemental Material
Supplemental Material 1. FY2026 1Q Results: Highlights … P.9 2. FY2026 1Q Results: By Segment … P.12 (Appendix) Reference Data
Slide 9: FY2026 1Q Results: Highlights
1. FY2026 1Q Results: Highlights 9
Slide 10: Highlights (Consolidated)
1-1. Highlights (Consolidated) (Billion yen) FY2025 vs FY2026 FY2022-FY2026 Revenue (Billion yen) FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q Paint and Coatings 1Q 1Q 1Q 1Q 1Q YoY CAGR Business (%) (%) Revenue 285.1 330.2 384.3 405.7 490.3 20.8% 14.5% Adj operating profit 27.4 37.8 46.4 55.4 76.4 37.9%
Slide 11: Highlights (by Segment)
1-2. Highlights (by Segment) (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Revenue 41.8 47.0 46.4 48.4 52.4 8.4% 5.8% Japan Adj operating profit 0.8 2.7 3.8 4.5 6.5 43.8% 68.0% Revenue 153.6 178.0 216.3 221.9 250.1 12.7% 13.0% N
Slide 12: FY2026 1Q Results: By Segment
2. FY2026 1Q Results: By Segment 12
Slide 13: Japan
2-1. Japan (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Automotive coatings 8.7 10.4 9.3 10.4 10.1 -2.6% 3.9% Decorative paints 10.4 11.1 10.7 10.8 12.2 12.9% 4.0% Industrial coatings 9.1 9.3 9.2 9.8 10.3 5.1% 3.1% Revenue Fine
Slide 14: NIPSEA China
2-2. NIPSEA China (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Automotive coatings 11.0 9.6 12.1 12.3 16.6 35.1% 10.7% Decorative paints 79.3 93.2 112.3 109.3 116.8 6.8% 10.2% Revenue Industrial coatings 5.4 5.2 5.4 5.7 6.1 6.9
Slide 15: NIPSEA Except China
2-3. NIPSEA Except China*1 (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR Paint and Coatings (%) (%) FX Revenue 57.3 69.5 86.0 94.3 110.4 17.1% 17.8% Volumes Price/Mix Adj operating profit *2 10.1 12.0 16.1 16.9 19.8 17.0% 18.4% +MSD +MS
Slide 16: PT Nipsea (Indonesia) & Betek Boya (Türkiye)
2-4. PT Nipsea (Indonesia) & Betek Boya (Tϋrkiye) (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Paint and coatings FX Revenue 13.1 16.3 16.6 16.8 17.8 5.6% 7.9% Volumes Price/Mix PT Nipsea Adj operating profit 4.1 5.5 5.6 6.0 6.
Slide 17: DGL (Pacific)
2-5. DGL (Pacific) (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Decorative paints 23.6 26.7 30.0 30.2 36.2 19.9% 11.2% Paint and Coatings Industrial coatings 1.9 2.0 2.4 2.3 3.1 31.2% 12.6% FX Revenue Volumes Price/Mix Adjacenc
Slide 18: DGL (Europe)
2-6. DGL (Europe) (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Decorative paints 20.7 26.4 28.9 28.0 33.6 20.2% 12.9% Paint and Coatings FX Revenue Adjacencies business 2.7 4.7 7.0 5.8 6.4 10.3% 24.3% Volumes Price/Mix Total 23
Slide 19: Americas
2-7. Americas (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q 1Q YoY CAGR (%) (%) Automotive coatings 7.0 9.2 11.8 11.5 12.1 5.7% 14.8% Decorative paints 14.3 13.8 16.1 16.9 17.8 5.5% 5.7% Revenue Paint and coatings Fine chemicals 0.4 0.4 0.6 0.5 0.6
Slide 20: AOC
2-8. AOC (Billion yen) FY2025 vs FY2026 FY2022-FY2026 FY2022 FY2023 FY2024 FY2025 FY2026 1Q 1Q 1Q 1Q 1Q 1Q*1 1Q YoY CAGR (%) (%) Paint and coatings FX Revenue - - - 16.8 48.5 189.8% - Volumes Price/Mix Adj operating profit - - - 5.7 *2 15.2 167.0% - - - c.+5% Adj OP margin - - - 33.9% 31.2% -270bps
Slide 21: Quarterly Financial Performance Trends in Major Segments
2-9. Quarterly Financial Performance Trends in Major Segments (For reference) Seasonality overview *Market-based High Low demand demand Demand tends to be lower in 1Q due to the deepening cold and in 3Q due to more intensely hot days that Japan Decorative 4Q > 2Q > 3Q > 1Q will slow construction pro
Slide 22: Nippon Paint Holdings Investor Relations
NIPPON PAINT HOLDINGS CO., LTD. Investor Relations Email: ir_kouhou@nipponpaint.jp The forward-looking statements in this document are based on information available at the time of preparation and involve inherent risks and uncertainties. Accordingly, the actual results and performance of Nippon Pai
Slide 23: Reference Data
FY2026 1Q Financial Results Presentation Material Reference Data May 15, 2026 Nippon Paint Holdings Co., Ltd. ーContentsー 1. Historical Performance Trends 2 2. Trends in Consolidated Financial Results and Key Financial Data 4 3. Revenue & Operating Profit Transition by Segment 5 4. Revenue & Operatin
Slide 24: Historical Performance Trends
1. Historical Performance Trends 【Historical Consolidated Profit & Loss Data】 (Billion yen) FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2018-FY2025 Full Year Full Year Full Year Full Year Full Year Full Year Full Year Full Year CAGR Revenue 627.7 692.0 772.6 998.3 1,309.0 1,442.6 1,638
Slide 25: Historical Performance Trends: NIPSEA Segment
1. Historical Performance Trends (Billion yen) ■NIPSEA Segment FY2022*3 FY2023 FY2024*4 FY2025 FY2022-FY2025 Full Year Full Year Full Year Full Year CAGR Revenue 450.7 482.7 545.2 470.7 1.5% NIPSEA Adj operating profit 51.3 61.7 63.3 69.2 10.5% China Adj OP margin 11.4% 12.8% 11.6% 14.7% - Revenue 2
Slide 26: Trends in Consolidated Financial Results and Key Financial Data
2. Trends in Consolidated Financial Results and Key Financial Data <Consolidated earnings> (Billion yen) FY2023 FY2024*1 FY2025*2 FY2026 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q Revenue 330.2 362.7 393.0 356.7 1,442.6 384.3 432.8 405.6 416.0 1,638.7 405.7 446.7 465.9 455.9 1,774.2 490.3 Gross
Slide 27: Revenue & Operating Profit Transition by Segment: Japan
3. Revenue & Operating Profit Transition by Segment *For the trends in earnings under the former reportable segments, please see the "Data by Segment" page of our IR website. ▶Data by Segment https://www.nipponpaint-holdings.com/en/ir/results/segment/ (Billion yen) FY2023 FY2024 FY2025 FY2026 1Q 2Q
Slide 28: Revenue & Operating Profit Transition by Segment: NIPSEA
3. Revenue & Operating Profit Transition by Segment *For the trends in earnings under the former reportable segments, please see the "Data by Segment" page of our IR website. ▶Data by Segment https://www.nipponpaint-holdings.com/en/ir/results/segment/ (Billion yen) FY2023 FY2024*4 FY2025 FY2026 1Q 2
Slide 29: Revenue & Operating Profit Transition by Segment: Total
3. Revenue & Operating Profit Transition by Segment *For the trends in earnings under the former reportable segments, please see the "Data by Segment" page of our IR website. ▶Data by Segment https://www.nipponpaint-holdings.com/en/ir/results/segment/ (Billion yen) FY2023 FY2024*1 FY2025*2 FY2026 1Q
Slide 30: Revenue & Operating Profit Contribution from Acquired Businesses
4. Revenue & Operating Profit Contribution from DuluxGroup, Betek Boya, PT Nipsea, Alina, NPI, BNPA and AOC (Billion yen) FY2023*1 FY2024*1 FY2025*1 FY2026*1 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q Revenue 81.7 89.0 95.5 94.2 360.4 93.1 105.4 100.4 99.7 398.5 89.8 98.8 105.2 111.3 405.2 108.
Slide 31: Contribution: Betek Boya, PT Nipsea and others
4. Revenue & Operating Profit Contribution from DuluxGroup, Betek Boya, PT Nipsea, Alina, NPI, BNPA and AOC (Billion yen) FY2023*1 FY2024*1 FY2025*1 FY2026*1 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q Revenue 16.9 16.5 29.5 12.2 75.1 22.8 26.8 13.7 31.7 95.0 17.0 24.4 26.9 26.5 94.8 23.3 Betek
Slide 32: Summary of Historical Adjustments: Japan and DuluxGroup
5. Summary of Historical Adjustments (Billion yen) FY2023 FY2024 FY2025 FY2026 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q Operating profit 2.6 5.3 4.5 6.7 19.2 3.7 5.3 4.9 5.5 19.4 4.4 5.5 4.4 13.8 28.1 6.0 M&A-related expenses - - - - - - - - - - - - - - - - PPA-related expenses - - - - - - -
Slide 33: Summary of Historical Adjustments: NIPSEA
5. Summary of Historical Adjustments (Billion yen) FY2023 FY2024 FY2025 FY2026 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q Operating profit 24.6 30.3 32.2 23.3 110.4 30.0 31.7 30.0 31.1 122.8 34.8 34.4 36.3 38.6 144.0 41.8 M&A-related expenses - - - - - - - - - - - - - - - - PPA-related expenses
Slide 34: Summary of Historical Adjustments: Adjustments and Total
5. Summary of Historical Adjustments (Billion yen) FY2023 FY2024 FY2025 FY2026 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY 1Q Operating profit -0.3 -0.7 -0.8 -0.8 -2.6 -0.9 -0.8 -0.8 -1.7 -4.2 -2.1 -1.1 -0.6 -1.2 -5.0 -1.4 M&A-related expenses - - - - - - - - -0.9 -0.9 -1.1 0.0 - - -1.1 - PPA-relat