Nippon Paint Q3 Report 2023

During the nine months ended September 30, 2023, consolidated revenue of the Nippon Paint Group increased by 10.8% from the same period of the previous year to ¥1,085,878 million. Growth was mainly attributable to the normalization of economic activities in the decorative paints business in China, which is a core business of the Nippon Paint Group, following the lifting of lockdowns and other pandemic restrictions.

Consolidated operating profit increased by 60.8% to ¥131,625 million. This growth was primarily attributed to the improvement in gross profit margin, driven by the positive impact of the flow-through of price increases and the absence of credit loss provision in China, which was recorded in the same period in the previous year. Consolidated profit before tax also increased by 59.5% to ¥127,042 million. Furthermore, profit attributable to owners of parent increased by 70.8% to ¥93,444 million.

Free Trial

Step 1 of 2

Name(Required)

By pressing “Send” you agree to the Privacy Policy of this site

No Credit Card needed, after filling up the form you will receive your Free-Trial login information in 24 to 48 hours by e-mail.

ImprintPrivacy Policy

All Rights Reserved © aicorite.com