Nippon Paint Holdings Co., Ltd. (TSE: 4612), a global paint and coatings group with major operations across Asia, the Americas and automotive coatings, reported results for the first quarter of the fiscal year ending December 2026 — the three months to March 31, 2026 — under IFRS. Revenue rose 20.8% to ¥490,278m, operating profit rose 42.7% to ¥70,948m, pre-tax profit rose 46.0% to ¥67,869m and profit attributable to owners of the parent rose 44.3% to ¥51,524m. Basic EPS was ¥22.18, up from ¥15.20.
Broad-based growth
Growth was broad-based across regions, lifting margins. Total comprehensive income swung to ¥128,944m from an ¥86,118m loss a year earlier, helped by currency and other movements.
Balance sheet and dividend
Total assets were ¥4,140,764m and equity attributable to owners ¥1,902,474m, for an equity ratio of 45.9%. Nippon Paint guides a full-year dividend of ¥17.00 per share, up from ¥16.00.
Outlook
Nippon Paint kept its full-year guidance for the year to December 2026, projecting revenue of ¥1,920,000m (+8.2%), operating profit of ¥283,000m (+10.1%), pre-tax profit of ¥274,000m (+9.4%) and profit attributable to owners of ¥198,000m (+10.1%), for EPS of ¥85.34.
| Metric | Q1 FY12/26 | Q1 FY12/25 | YoY |
|---|---|---|---|
| Revenue (¥m) | 490,278 | 405,724 | +20.8% |
| Operating profit (¥m) | 70,948 | 49,733 | +42.7% |
| Pre-tax profit (¥m) | 67,869 | 46,495 | +46.0% |
| Net profit attrib. (¥m) | 51,524 | 35,698 | +44.3% |
| EPS (¥) | 22.18 | 15.20 | +45.9% |
| Dividend (¥, FY) | 17.00 | 16.00 | +6.3% |
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