Nippon Paint Holdings Co., Ltd. · TSE:4612
Nippon Paint — Nippon Paint Hldgs — Q1 2025 Earnings Presentation
30 slides from Nippon Paint's earnings presentation, May 14, 2025
Slide 1: FY2025 1Q Financial Results Presentation Material
May 14, 2025 FY2025 1Q Financial Results Presentation Material FY2025 1Q Summary/Topics P.3 Supplemental Material P.8 1. FY2025 1Q Results: Highlights P.9 2. FY2025 1Q Results: By Segment P.12 (Appendix) Reference Data
Slide 2: Supplementary Information
Supplementary Information Analysis of operating results In this document, we present our operating results in two formats: the reported basis (“Tanshin”) and the adjusted basis (“Non-GAAP”). The analysis of factors contributing to changes primarily utilize Non-GAAP data, except for QoQ analysis • Th
Slide 3: FY2025 1Q Operating Results: Record Revenue and Operating Profit Achieved
1. FY2025 1Q Operating Results: Record Revenue and Operating Profit Achieved ◆ Tanshin FY2025 1Q*1 • Revenue increased by 5.6% YoY, driven by volume growth primarily in decorative paints and incremental contributions from newly consolidated entities (the inclusion of three months of earnings from th
Slide 4: Raw Material Market Conditions and Operational Impact
2. Raw Material Market Conditions and Operational Impact Despite ongoing price fluctuations across regions and raw material categories, no material change in the RMCC expected FY2025 1Q FY2025 2Q and beyond • Crude oil prices rose by 5% and naphtha spot prices by over 1% compared to their • The impo
Slide 5: Market & Business Environment
3. Market & Business Environment DGL DGL Japan NIPSEA China Americas AOC (Pacific) (Europe) Automotive (Adjacencies) FY2025 1Q Decorative TUC TUB FY2025 Automotive* 2Q (Adjacencies) (outlook) Decorative TUC TUB Automotive* FY2025 (Adjacencies) (outlook) Decorative TUC TUB ■ Market (YoY) ■Business (v
Slide 6: Summary of Operating Results in Major Segments
4. Summary of Operating Results in Major Segments (Billion yen) Tanshin Non-GAAP FY2025 FY2025 Overview YoY YoY 1Q 1Q Higher revenue driven by a rebound in automotive sales and price adjustments in industrial business, which more than offset flat Revenue 48.4 +4.1% 48.4 +4.2% decorative revenue Japa
Slide 7: Major Topics
5. Major Topics Grand Prize at the 4th NIKKEI Integrated Report Awards (Announced on February 28) • Received the highest honor, the Grand Prize, at the 4th NIKKEI Integrated Report Awards, hosted by Nikkei Inc. (We were honored with the Grand Prize G, the second-highest distinction, at the 3rd NIKKE
Slide 8: Supplemental Material
Supplemental Material 1. FY2025 1Q Results: Highlights … P.9 2. FY2025 1Q Results: By Segment … P.12 (Appendix) Reference Data
Slide 9: FY2025 1Q Results: Highlights
1. FY2025 1Q Results: Highlights 9
Slide 10: Highlights (Consolidated)
1-1. Highlights (Consolidated) (Billion yen) Results (Tanshin) Results (Non-GAAP) Key one-off factors FY2024 FY2025 YoY FY2024 FY2025 YoY YoY (the difference between Tanshin and Non-GAAP excluding FX impact) (％) (Amount) (％) *Please refer to “Breakdown of Adjustments” in the Reference Data section i
Slide 11: Highlights (by Segment)
1-2. Highlights (by Segment) (Billion yen) Results (Tanshin) Results (Non-GAAP) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY 1Q 1Q (％) 1Q 1Q (Amount) (％) Revenue 46.4 48.4 4.1% 46.4 48.4 1.9 4.2% Japan Operating profit 3.7 4.4 19.2% 3.7 4.4 0.7 19.1% Revenue 216.3 221.9 2.6% 215.8 212.4 -3.4 -1.6% NIPSEA
Slide 12: FY2025 1Q Results: By Segment
2. FY2025 1Q Results: By Segment 12
Slide 13: Revenue and Operating Profit Analysis
2-1. Revenue and Operating Profit Analysis (Billion yen) Paint and Coatings Business (c.+0%)*1 *2 Revenue Non-GAAP basis -0.3% (-1.2) (+1.6%)*1 Tanshin basis +5.6% (+21.4) (+7.6%)*1 Tanshin basis +10.2 - Operating Profit Non-GAAP basis +2.9 *1 Assuming that the change of the agent model for the trad
Slide 14: Japan
2-2. Japan (Billion yen) Results (Tanshin) Results (Non-GAAP) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY 1Q 1Q (％) 1Q 1Q (Amount) (％) Automotive coatings 9.3 10.4 11.5% 9.3 10.4 1.1 11.5% Decorative paints 10.7 10.8 0.6% 10.7 10.8 0.1 0.6% Key one-off factors (the difference between Tanshin and Non-GAA
Slide 15: NIPSEA China
2-3. NIPSEA China (Billion yen) Results (Tanshin) Results (Non-GAAP) FY2024 FY2025 YoY YoY *2 FY2024 FY2025 YoY YoY YoY *2 1Q 1Q (％) (％) 1Q 1Q (Amount) (％) (％) Key one-off factors Automotive coatings 12.1 12.3 1.3% - 10.4 12.2 1.8 17.6% - (the difference between Tanshin and Non-GAAP excluding FX imp
Slide 16: NIPSEA Except China
2-4. NIPSEA Except China*1 (Billion yen) Results (Tanshin) Results (Non-GAAP) Key one-off factors (the difference between Tanshin and Non-GAAP excluding FX impact) Figures are adjusted for FY2024 FY2025 YoY FY2024 FY2025 YoY YoY *Please refer to “Breakdown of Adjustments” in the Reference Data secti
Slide 17: PT Nipsea (Indonesia) & Betek Boya (Türkiye)
2-5. PT Nipsea (Indonesia) & Betek Boya (Tϋrkiye) (Billion yen) Results (Tanshin) Results (Non-GAAP) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY 1Q 1Q (％) 1Q 1Q (Amount) (％) Revenue 16.6 16.8 1.4% 16.6 17.4 0.8 4.7% PT Nipsea Operating profit 6.1 6.2 0.5% 6.1 6.3 0.2 3.5% (Indonesia) OP margin 37.0% 36.
Slide 18: DGL (Pacific)
2-6. DGL (Pacific) Results (Tanshin) Results (Non-GAAP) (Billion yen) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY 1Q 1Q (％) 1Q 1Q (Amount) (％) Decorative paints 30.0 30.2 0.4% 30.0 31.3 1.3 4.2% Industrial coatings 2.4 2.3 -4.2% 2.4 2.4 -0.0 -0.6% Key one-off factors Revenue (the difference between Tans
Slide 19: DGL (Europe)
2-7. DGL (Europe) (Billion yen) Results (Tanshin) Results (Non-GAAP) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY 1Q 1Q (％) 1Q 1Q (Amount) (％) Decorative paints 28.9 28.0 -3.0% 28.9 28.7 -0.2 -0.5% Key one-off factors (the difference between Tanshin and Non-GAAP excluding FX impact) Revenue Adjacencies b
Slide 20: Americas
2-8. Americas (Billion yen) Results (Tanshin) Results (Non-GAAP) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY 1Q 1Q (％) 1Q 1Q (Amount) (％) Key one-off factors (the difference between Tanshin and Non-GAAP excluding FX impact) Automotive coatings 11.8 11.5 -2.5% 11.8 11.8 0.0 0.0% *Please refer to “Breakdo
Slide 21: AOC
2-9. AOC (Billion yen) Results (Tanshin) Results (Non-GAAP) Key one-off factors (the difference between Tanshin and Non-GAAP excluding FX impact) FY2024 FY2025 YoY FY2024 FY2025 YoY YoY *Please refer to “Breakdown of Adjustments” in the Reference Data section in the appendix. 1Q 1Q* (％) 1Q 1Q (Amoun
Slide 22: Quarterly Financial Performance Trends in Major Segments
2-10. Quarterly Financial Performance Trends in Major Segments (For reference) Basic seasonal factors *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
Slide 23: Nippon Paint Holdings Co., Ltd. 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 24: FY2025 1Q Financial Results Presentation Material Reference Data
FY2025 1Q Financial Results Presentation Material Reference Data May 14, 2025 Nippon Paint Holdings Co., Ltd. ーContentsー 1. Trends in Consolidated Financial Results and Key Financial Data 2 2. Revenue & Operating Profit Transition by Segment 3 3. Revenue & Operating Profit Contribution from DuluxGro
Slide 25: Trends in Consolidated Financial Results and Key Financial Data
1. Trends in Consolidated Financial Results and Key Financial Data <Consolidated earnings> (Billion yen) FY2022*1 FY2023 FY2024*2 FY2025 1Q 2Q 3Q 4Q F/Y 1Q 2Q 3Q 4Q F/Y 1Q 2Q 3Q 4Q F/Y 1Q Revenue 285.1 337.0 357.9 329.1 1,309.0 330.2 362.7 393.0 356.7 1,442.6 384.3 432.8 405.6 416.0 1,638.7 405.7 Op
Slide 26: Revenue & Operating Profit Transition by Segment
2. 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) FY2022*1 FY2023 FY2024 FY2025 1Q 2
Slide 27: Revenue & Operating Profit Transition by Segment
2. 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) FY2022*1 FY2023 FY2024 FY2025 1Q 2
Slide 28: Revenue & Operating Profit Contribution from DuluxGroup, Betek Boya, PT Nipsea, Alina, NPI, BNPA and AOC
3. Revenue & Operating Profit Contribution from DuluxGroup, Betek Boya, PT Nipsea, Alina, NPI, BNPA and AOC (Billion yen) FY2022*1 FY2023*1 FY2024*1 FY2025*1 1Q 2Q 3Q 4Q F/Y 1Q 2Q 3Q 4Q F/Y 1Q 2Q 3Q 4Q F/Y 1Q Revenue 68.0 79.1 84.5 83.3 314.9 81.7 89.0 95.5 94.2 360.4 93.1 105.4 100.4 99.7 398.5 89.
Slide 29: Breakdown of Adjustments (FY2024 1Q vs. FY2025 1Q)
4. Breakdown of Adjustments (FY2024 1Q vs. FY2025 1Q) FY2024 1Q FY2025 1Q M&A New M&A New (Billion yen) Subsidy, Impairment Credit loss Subsidy, Impairment Credit loss FX related acqui- Total FX related acqui- Total etc.*1 loss provision etc.*1 loss provision expenses sitions expenses sitions Automo
Slide 30: Breakdown of Adjustments (FY2024 1Q vs. FY2025 1Q)
4. Breakdown of Adjustments (FY2024 1Q vs. FY2025 1Q) FY2024 1Q FY2025 1Q M&A New M&A New (Billion yen) Subsidy, Impairment Credit loss Subsidy, Impairment Credit loss FX related acqui- Total FX related acqui- Total etc.*1 loss provision etc.*1 loss provision expenses sitions expenses sitions Automo