Worth reading
51Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
23.9
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 January 2026–30 September 2026ConsolidatedIFRSNet Sales1,547,335¥ millionYear on year +17.4%Progress 77.4%
Operating profit229,288¥ millionYear on year +23.9%Progress 81.0%
Ordinary income214,918¥ millionYear on year +21.4%Progress 81.1%
Net income attributable to owners of the parent167,691¥ millionYear on year +28.9%Progress 88.7%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥72.26
Financial position at period-end
Total assets4,221,262¥ million
of which net assets 1,981,374 ¥ millionEquity ratio 46.5%vs. prior year-end +1.6pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+166,695
Investment-80,941
Financials-69,147
Net change+16,607
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥445,255 million
Segment revenueJapan ¥174,103 million (YoY +15.0%), NIPSEA ¥756,887 million (YoY +12.8%), DuluxGroup ¥353,868 million (YoY +20.4%), Americas ¥99,387 million (YoY +9.8%), AOC ¥163,088 million (YoY +46.1%)
Segment profitJapan ¥23,847 million (YoY +66.7%), NIPSEA ¥123,985 million (YoY +17.6%), DuluxGroup ¥30,285 million (YoY +3.7%), Americas ¥6,565 million (YoY +15.0%), AOC ¥49,225 million (YoY +43.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,000,000 million (YoY +12.7%)
Operating profit¥283,000 million (YoY +10.1%)
Ordinary income¥265,000 million (YoY +5.8%)
Net income¥189,000 million (YoY +5.1%)
Annual Dividend Forecast¥16 → ¥17
Factors Behind Changes in Business Performance
The earnings contribution from AOC, increased sales volume, an improved product mix, growth in other peripheral businesses, and foreign exchange effects, among other factors.
Disclosure regarding the going concern assumption
None. The notes on going-concern assumptions state that there are no applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNewly included: — company; excluded: — company
Material subsequent eventsOn 3 October 2026, the Company entered into an agreement for the acquisition of shares and conversion into a subsidiary, or the acquisition of a business, relating to AkzoNobel’s architectural coatings business in Vietnam, Malaysia, Singapore, Indonesia, Thailand, Australia and Papua New Guinea. The purchase price is expected to be $1.35 billion, or approximately ¥216 billion.
Depreciation and amortization¥60,639 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (attendees not specified)
Issued Shares at Period-End2,370,512,215
Treasury Shares at Period-End51,051,807
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 September 2026 |
| Net Sales | ¥1,547,335 million (YoY +17.4%) |
| Operating profit | ¥229,288 million (YoY +23.9%) |
| Ordinary income | ¥214,918 million (YoY +21.4%) |
| Profit attributable to owners of the parent | ¥167,691 million (YoY +28.9%) |
| Net income per share | ¥72.26 |
| Equity ratio | End of the current fiscal period 46.5 / End of previous period 44.9 |
| Total assets | ¥4,221,262 million |
| Net assets | ¥1,981,374 million |
| Cash flows from operating activities | ¥166,695 million |
| Cash flows from investing activities | ¥-80,941 million |
| Cash flows from financing activities | ¥-69,147 million |
| Cash and cash equivalents at end of period | ¥445,255 million |
| Full-year earnings forecast | Net Sales ¥2,000,000 million (YoY +12.7%) / Operating profit ¥283,000 million (YoY +10.1%) / Ordinary income ¥265,000 million (YoY +5.8%) / Net income ¥189,000 million (YoY +5.1%) |
| Annual Dividend Forecast | ¥16 → ¥17 |
| Segment revenue | Japan ¥174,103 million (YoY +15.0%), NIPSEA ¥756,887 million (YoY +12.8%), DuluxGroup ¥353,868 million (YoY +20.4%), Americas ¥99,387 million (YoY +9.8%), AOC ¥163,088 million (YoY +46.1%) |
| Segment profit | Japan ¥23,847 million (YoY +66.7%), NIPSEA ¥123,985 million (YoY +17.6%), DuluxGroup ¥30,285 million (YoY +3.7%), Americas ¥6,565 million (YoY +15.0%), AOC ¥49,225 million (YoY +43.9%) |
| Depreciation and amortization | ¥60,639 million |
| Disclosure regarding the going concern assumption | None. The notes on going-concern assumptions state that there are no applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | Newly included: — company; excluded: — company |
| Material subsequent events | On 3 October 2026, the Company entered into an agreement for the acquisition of shares and conversion into a subsidiary, or the acquisition of a business, relating to AkzoNobel’s architectural coatings business in Vietnam, Malaysia, Singapore, Indonesia, Thailand, Australia and Papua New Guinea. The purchase price is expected to be $1.35 billion, or approximately ¥216 billion. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (attendees not specified) |
| Issued Shares at Period-End | 2,370,512,215 |
| Treasury Shares at Period-End | 51,051,807 |
| Factors Behind Changes in Business Performance | The earnings contribution from AOC, increased sales volume, an improved product mix, growth in other peripheral businesses, and foreign exchange effects, among other factors. |
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.This was due to the earnings contribution from AOC, which was acquired in March 2025, increased sales volume, an improved product mix, growth in other peripheral businesses, and foreign exchange effects, among other factors.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.