Nippon Paint Hldgs Co Ltd (NPCPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for your patience. From here, we would like to start Nippon Paint Hldgs Teleconference for the second quarter of the fiscal year ending December 2026. Prior to the meeting, we would like to have some requests to you. In order to prevent echoing, if you have any telecommunications equipment such as a cell phone nearby, please make sure to turn off the power or keep them far away from the telephone unit. Please be advised that simultaneous translation for Japanese and English is provided for today's conference. Mr. Wakatsuki Tanaka-san, please begin. Thank you very much. Good afternoon, everyone. I am Wakatsuki, Co-President of Nippon Paint Holdings. Thank you very much for joining us today despite your busy schedule. I will now outline the key points of our financial results for the second quarter of fiscal 2026. Please note that members of the media are also joining us today. I'll begin by addressing two points on slide number two. First, regarding the revision of a full-year earnings forecast for fiscal 2026. To properly reflect the current market conditions, we have adjusted our exchange rate assumptions, shifting towards a weaker yen compared to the initial forecast in February. Specifically, the assumed rate for the U.S. dollar has been revised from previously 150 yen to 155 yen for the second quarter and 150 to take 60.8 yen for the full year. Chinese yuan from previously 21.5 yen to 23.1 yen for the full year. Second, regarding the definition of adjusted profit, we have slightly changed the treatment of PPA-related expenses. and David Durack, who restated the figures from the prior years. We believe this change will allow us to improve the comparability with our global peers and better reflect our underlying business performance. Phase numbe...