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NIPPON PAINT, First Half Net Income Increases by 34%, Apr-Jun Net Income Increases by 42%

Fri Aug 8, 2025 3:30 pm JST Earnings

4612 NIPPON PAINT HOLDINGS CO.,LTD. 【IFRS】

Earnings Report

NIPPON PAINT HOLDINGS CO.,LTD. <4612> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 8th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded 87.4 billion yen, an increase 34.4% compared to the same period last year. Progress toward the full-year plan of 162 billion yen was 54.0%, also surpassing the five-year average of 44.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to grow 19.7% from the same period last year, reaching 74.5 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income increased 41.6% from the same period last year, reaching 50.4 billion yen. The operating profit margin jumped from 11.8% in the same period last year to 15.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 692,925 83,738 81,954 60,898 25.9 50.7 Aug 10, 2023 IFRS
Jan - Jun, 2024 817,143 92,461 89,892 65,049 27.7 49.5 Aug 8, 2024 IFRS
Jan - Jun, 2025 852,428 121,175 116,045 87,454 37.2 51.3 Aug 8, 2025 IFRS
YoY +4.3% +31.1% +29.1% +34.4% +34.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 8 Feb 14, 2025 IFRS
Jan - Jun, 2025 Results 852,428 121,175 116,045 87,454 37.2 8 Aug 8, 2025 IFRS
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 821,577 95,186 91,630 62,288 26.5 8 Feb 14, 2025 IFRS
Jul - Dec, 2025 Guidance 967,572 122,825 109,955 74,546 31.8 8 Aug 8, 2025 IFRS
YoY +17.8% +29.0% +20.0% +19.7% +20.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,442,574 168,745 161,500 118,476 50.5 14 Feb 14, 2024 IFRS
Dec, 2024 1,638,720 187,647 181,522 127,337 54.2 15 Feb 14, 2025 IFRS
Dec, 2025 Guidance 1,820,000 244,000 226,000 162,000 69.2 16 Apr 3, 2025 IFRS
YoY +11.1% +30.0% +24.5% +27.2% +27.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 432,824 51,216 49,966 35,621 15.2 11.8 Aug 8, 2024 IFRS
Jul - Sep, 2024 405,604 47,244 43,714 31,853 13.6 11.6 Nov 14, 2024 IFRS
Oct - Dec, 2024 415,973 47,942 47,916 30,435 13.0 11.5 Feb 14, 2025 IFRS
Jan - Mar, 2025 405,724 51,432 48,193 36,998 15.8 12.7 May 14, 2025 IFRS
Apr - Jun, 2025 446,704 69,743 67,852 50,456 21.5 15.6 Aug 8, 2025 IFRS
YoY +3.2% +36.2% +35.8% +41.6% +41.6%

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