Wakatsuki Koop
President, Nippon Paint Holdings
Replay available
Nippon Paint Hldgs Co Ltd (NPCPF) Q2 2021 Earnings Call
Nippon Paint Hldgs Co Ltd (OTC: NPCPF) Q2 2021 earnings conference call, held 2021-08-10. Replay captured from the company's public earnings webcast.
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Chief Financial Officer, Nippon Paint Holdings
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Replay transcript excerpt
WEBVTT 00:00:00.318 -- 00:00:04.845 Thank you for your kind introduction and good afternoon, ladies and gentlemen. 00:00:04.845 -- 00:00:09.372 This is Wakatsuki Koop, president of Nippon Paint Holdings. 00:00:09.372 -- 00:00:14.620 Thank you for joining us today. I would like to explain the outline of 00:00:14.620 -- 00:00:20.386 financial results for Q2 FY 2021. 00:00:21.344 -- 00:00:26.492 I would like to ask for your kind understanding once again that this 00:00:26.492 -- 00:00:31.541 call is being livecast on our website with simultaneous interpretation into English. 00:00:31.541 -- 00:00:33.541 So 00:00:34.466 -- 00:00:36.789 I would like to explain following the material. 00:00:36.789 -- 00:00:38.352 First, 00:00:38.352 -- 00:00:41.337 Q2 summary. We 00:00:41.337 -- 00:00:46.385 achieved record high revenue and operating profit on 00:00:46.385 -- 00:00:51.769 a ton chain basis. In Q2, against the backdrop 00:00:51.769 -- 00:00:56.876 of raw material cost increase and continued impact 00:00:56.876 -- 00:00:58.538 of COVID-19, 00:00:58.538 -- 00:01:03.625 the differences between Tanshin and non-GAAP are mainly attributable 00:01:03.625 -- 00:01:08.459 to newly consolidated businesses and the forex impact. 00:01:08.459 -- 00:01:14.007 Asia and JV-related expenses include one of 00:01:14.007 -- 00:01:19.895 expenses of PPA as part of the impact of newly consolidated businesses. 00:01:19.895 -- 00:01:24.040 Though known gap revenues significantly increased, 00:01:24.040 -- 00:01:29.788 Q2 and Q3 face difficulties in terms of profitability 00:01:29.788 -- 00:01:33.854 as raw material cost increases 00:01:33.854 -- 00:01:39.320 while low-priced inventory decreases and the impact of a price hike 00:01:39.320 -- 00:01:44.706 is not fully contributing yet. However, we n...