Full-Scale Entry into the European Market through the Acquisition of Helios Group
First written in FY2017-Q3. 7 of 31 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
Kansai Paint moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Other".
- FY2026Higher European sales and return to profitabilityAnnual report
「In other European countries, revenue exceeded the previous fiscal year, partly owing to contributions from bolt-on M&A conducted in the previous fiscal year. Segment profit also exceeded the previous fiscal year, as an improvement in equity-method investment losses more than offset higher personnel and other costs. As a result, segment revenue was ¥162,738 million, up 4.0% from the previous fiscal year, and segment profit was ¥945 million.」
Europe returned to a segment profit of ¥945 million from a segment loss in the previous fiscal year, owing to contributions from bolt-on M&A. Meanwhile, a restructuring plan was approved against a backdrop of declining profitability. - 2026-06-05WorsenedGeneral Meetings of Shareholders
「Kansai Helios Coatings GmbH, our consolidated subsidiary in Europe, has experienced increasing complexity in its organization and business operations as its business scale has expanded in recent years, and declining profitability has become apparent. In addition, the business environment remains challenging due to stagnation in the European market and rising costs.」
The company identified the increasing complexity of the organization and business operations following the expansion of the European business, declining profitability and the challenging business environment. - FY2026-H1Europe: revenue up, profit downAnnual report
「In other European countries, revenue exceeded the previous year, partly owing to contributions from bolt-on M&A conducted in the previous year, resulting in higher total European revenue. Segment profit fell below the previous year because fixed costs, including personnel costs, increased owing to inflation, despite stable raw material prices and an improvement in equity-method investment losses.」
In Europe, bolt-on M&A conducted in the previous year contributed to higher revenue, which increased 3.8%. However, segment profit decreased 31.1% owing to higher fixed costs, including personnel costs, resulting from inflation. - FY2025Europe: revenue up, segment lossAnnual report
「In other European countries, revenue exceeded the previous year owing to solid demand, mainly in the industrial sector, and the impact of new consolidations. However, segment profit fell below the previous year despite stable raw material prices, as fixed costs increased owing to inflation and equity-method investment losses expanded substantially, including impairment losses on goodwill and other assets recognized by equity-method affiliates.」
Europe reported a 15.1% increase in revenue owing to new consolidations, while fixed-cost increases resulting from inflation and impairment losses at equity-method affiliates resulted in a segment loss of ¥979 million. - FY2025-H1Europe: revenue up, profit downAnnual report
「In other European countries, revenue exceeded the previous year owing to solid demand, mainly in the industrial sector, and the impact of new consolidations. However, profit fell below the previous year despite stable raw material prices, as fixed costs increased owing to inflation and equity-method investment losses increased.」
The European business reported an 18.0% increase in revenue owing to the impact of new consolidations and other factors, while segment profit decreased 43.0% owing to higher fixed costs resulting from inflation and increased equity-method investment losses. - FY2024AdvancedAnnual report
「In other European countries, revenue exceeded the previous year, supported by solid sales in the core industrial sector and contributions from the newly consolidated CWS Group, resulting in higher total European revenue.」
The European business benefited from M&A, including the newly consolidated CWS Group, with revenue up 21.3% from the previous fiscal year and segment profit up 154.5%. - FY2024-Q3AdvancedAnnual report
「As a result, segment revenue was ¥102,825 million, up 22.2% year on year, and segment profit was ¥3,953 million, up 123.6% year on year.」
In Europe, segment profit increased 123.6% year on year, owing to higher revenue in Turkey and other European countries, improved selling prices and lower prices for certain raw materials. - FY2024-Q2Europe: revenue up, profit decline continuesAnnual report
「In other European countries, revenue exceeded the previous year, driven by solid sales in the core industrial sector and efforts to improve selling prices, resulting in higher total European revenue. Profit fell below the previous year, mainly because of higher personnel and other costs resulting from inflation. As a result, segment revenue was ¥64,685 million, up 18.8% year on year, and segment profit was ¥1,302 million, down 19.9% year on year.」
The European business continued to report higher revenue owing to improved selling prices and other factors, while profit declined because of higher personnel and other costs resulting from inflation. - FY2024-Q1Continued revenue growth and profit declineAnnual report
「In Turkey, revenue exceeded the previous year as automobile production increased and the Company worked to improve selling prices. In other European countries, revenue exceeded the previous year, supported mainly by firm demand in the industrial sector, resulting in higher total European revenue. However, profit fell below the previous year because selling, general and administrative expenses increased, including personnel costs, owing to persistently high raw material prices and inflation. As a result, segment revenue was ¥30,891 million, up 31.2% year on year, and segment profit was ¥552 million, down 54.5% year on year.」
Europe reported a 31.2% increase in revenue, driven by demand in Turkey and other European countries and improved pricing, while segment profit decreased 54.5% owing to persistently high raw material prices and higher personnel and other costs resulting from inflation. - FY2023Full-year revenue growth and substantially lower profitAnnual report
「As a result, segment revenue was ¥112,070 million, up 32.9% from the previous fiscal year, and ordinary profit was ¥1,564 million, down 72.1% from the previous fiscal year.」
The European business, including Kansai Helios Group, continued to report higher revenue, while full-year profit declined sharply owing to soaring raw material and energy costs and the application of hyperinflation accounting in Turkey. - FY2023-Q3Europe: revenue up, profit decline widensAnnual report
「As a result, segment revenue was ¥84,124 million, up 32.6% year on year, and ordinary profit was ¥1,312 million, down 74.8% year on year.」
The Europe segment, including Kansai Helios Group, continued to report higher revenue, while the rate of decline in ordinary profit widened to 74.8% year on year. - FY2023-Q2Europe: revenue up, profit down sharplyAnnual report
「As a result, segment revenue was ¥54,467 million, up 31.6% year on year, and ordinary profit was ¥1,286 million, down 67.6% year on year.」
The Europe segment, including Helios Group, reported a 31.6% increase in revenue, while ordinary profit decreased 67.6% owing to soaring raw material prices and energy costs and the application of hyperinflation accounting in Turkey. - FY2022-Q3AdvancedAnnual report
「In Turkey, revenue exceeded the previous year despite lower automobile production, supported by firm demand in the industrial sector. In other European countries, revenue also exceeded the previous year, supported mainly by firm demand in the industrial and construction sectors, resulting in higher total European revenue. As a result, segment revenue was ¥63,447 million, up 29.5% year on year, and ordinary profit was ¥5,212 million, up 44.6% year on year.」
The European business, including Kansai Helios Group, was supported by demand in Turkey and other European countries, with revenue up 29.5% and ordinary profit up 44.6%. - FY2022-Q2AdvancedAnnual report
「In Turkey, revenue exceeded the previous year as automobile production surpassed the previous year and demand in the industrial sector remained firm. In other European countries, revenue also exceeded the previous year, supported mainly by firm demand in the industrial and construction sectors, resulting in higher total European revenue.」
The Europe segment, including Helios Group, reported a 34.3% year-on-year increase in revenue and a 136.2% increase in ordinary profit, driven by the recovery in demand in Turkey and other European countries. - FY2022-Q1AdvancedAnnual report
「As a result, segment revenue was ¥18,076 million, up 12.4% year on year, and ordinary profit was ¥1,560 million, up 197.4% year on year.」
The Europe segment, including Helios Group, exceeded the previous year in both revenue and ordinary profit, owing to increased demand in the industrial and construction sectors and higher equity-method investment income. - FY2021Europe: full-year revenue down, profit upAnnual report
「In other European countries, revenue in the automotive (aftermarket), construction and anti-corrosion sectors exceeded the previous year, supported by firm demand, while revenue in the industrial sector fell below the previous year, resulting in lower total European revenue. Under these conditions, profit increased, as raw material prices remained stable, along with the Company's cost-reduction efforts and policy support from governments in each country.」
The European business, including Kansai Helios Group, reported a 3.2% decrease in revenue, while ordinary profit increased 91.9%. - FY2021-Q3Europe: revenue down, profit growth continuesAnnual report
「Revenue in the industrial and automotive sectors fell below the previous year owing to the impact of lockdowns related to the spread of COVID-19. In contrast, revenue in the construction and anti-corrosion sectors exceeded the previous year, supported by firm demand, although total European revenue remained below the previous year. Under these conditions, profit increased, as raw material prices remained stable, along with the Company's cost-reduction efforts and policy support from governments in each country. As a result, segment revenue was ¥49,011 million, down 6.5% year on year, and segment profit, including amortization of goodwill, was ¥3,605 million, up 16.2% year on year.」
The European business, including Helios Group, continued to report lower overall revenue because of lockdowns and other factors, while ordinary profit exceeded the previous year, supported by demand in the construction and anti-corrosion sectors, stable raw material prices, cost reductions and government support. - FY2021-Q2Europe: revenue down, profit upAnnual report
「Revenue in the industrial and automotive sectors fell below the previous year owing to the impact of lockdowns related to the spread of COVID-19. In contrast, revenue in the construction sector exceeded the previous year, supported by firm demand, although total European revenue remained below the previous year. Under these conditions, profit increased, as raw material prices remained stable, along with the Company's cost-reduction efforts and policy support from governments in each country.」
The European business, including Helios Group, reported lower revenue due to lockdowns and other factors, while profit increased on stable raw material prices, cost reductions and government support. - FY2021-Q1Europe: revenue down, profit surgesAnnual report
「Revenue remained firm, driven mainly by the industrial and automotive sectors (aftermarket), and increased in local-currency terms. However, the downward impact of foreign-currency translation caused revenue to fall slightly below the previous year. Profit increased as raw material prices declined. As a result, segment revenue was ¥16,075 million, down 0.4% year on year, and ordinary profit, including amortization of goodwill, was ¥524 million, up 251.0% year on year.」
The Europe segment, including Helios Group, reported lower revenue due to foreign-currency translation, while ordinary profit increased 251.0% year on year because of lower raw material prices and other factors. - FY2020Europe: full-year revenue down, profit upAnnual report
「In Turkey, revenue increased in local-currency terms, but the impact of currency depreciation on raw material prices and other factors put pressure on earnings. Meanwhile, although demand in the construction sector remained weak amid sluggish domestic economic conditions, equity-method investment income increased. In other European countries, the industrial sector remained firm and revenue increased in local-currency terms. However, revenue was affected by the downward impact of foreign-currency translation.」
Revenue in the Europe segment decreased 5.2% year on year, while ordinary profit was ¥2,719 million, up 15.2% year on year, indicating a recovery in profit despite lower revenue. - FY2020-Q3Lower European sales, profit recoveryAnnual report
「As a result, segment sales were ¥52,408 million, down 6.8% year on year, and ordinary profit, including amortization of goodwill, was ¥3,102 million, up 50.9%.」
While the European segment continued to report lower sales year on year, ordinary profit increased 50.9%, improving from the decline through the previous quarter. - FY2020-Q2Continued deterioration in European performanceAnnual report
「As a result, segment sales were ¥34,812 million, down 9.5% year on year, and ordinary profit, including amortization of goodwill, was ¥1,548 million, down 37.3%.」
In the European segment, including Helios Group, sales fell 9.5% year on year and ordinary profit fell 37.3%, continuing the decline in the contribution of the business after the acquisition from the previous quarter. - FY2020-Q1Deterioration in European performanceAnnual report
「As a result, segment sales were ¥16,145 million, down 10.5% year on year, and ordinary profit, including amortization of goodwill, was ¥149 million, down 80.6%.」
European business sales fell 10.5% year on year and ordinary profit fell 80.6%, substantially reducing the contribution of the European business after the acquisition. - FY2019RestatedAnnual report
「The results of Kansai Helios Group, which became a consolidated subsidiary in March 2017, contributed to performance, and segment sales as a whole exceeded the previous year, while profit fell below the previous year due to the impact of higher raw material prices.」
While Kansai Helios Group's contribution to consolidated results continued, ordinary profit in the European segment fell 46.3% from the previous fiscal year. - FY2019-Q2RestatedAnnual report
「The results of Kansai Helios Group, which became a consolidated subsidiary in March 2017, contributed to performance, and the segment as a whole exceeded the previous year. As a result, segment sales were ¥38,459 million, up 68.9% year on year, and ordinary profit, including amortization of goodwill, was ¥2,469 million, up 4.4%.」
The contribution of Kansai Helios Group to consolidated results continues to be disclosed. - FY2019-Q1AdvancedAnnual report
「The results of Kansai Helios Group, which became a consolidated subsidiary in March 2017, contributed to performance, and the segment as a whole exceeded the previous year. As a result, segment sales were ¥18,032 million, up 308.9% year on year, and ordinary profit was ¥770 million, up 86.5%.」
Kansai Helios Group's contribution continued, with European segment sales up 308.9% year on year and ordinary profit up 86.5%. - FY2018RestatedAnnual report
「The results of Kansai Helios Group, which became a consolidated subsidiary in March 2017, including amortization of goodwill, have been recorded. As a result, segment sales were ¥59,098 million, up 251.1% from the previous fiscal year, and ordinary profit was ¥4,395 million, up 329.1%.」
Kansai Helios Group's results have been consolidated for the full fiscal year, and its contribution to European segment sales and ordinary profit has been disclosed. - FY2018-Q3RestatedAnnual report
「Beginning in the second quarter of the current consolidated fiscal year, the results of Kansai Helios Group, including amortization of goodwill, have been recorded. As a result, segment sales were ¥41,487 million, up 232.2% year on year, and ordinary profit was ¥3,542 million, up 407.0%.」
The recording of Kansai Helios Group's results has continued, and its contribution to European segment sales and ordinary profit has been disclosed. - FY2018-Q2AdvancedAnnual report
「Beginning in the second quarter of the current consolidated fiscal year, the results of Kansai Helios Group, including amortization of goodwill, have been recorded.」
Following the acquisition of Helios Group, the company began recording its results on a consolidated basis, and the acquisition progressed to the stage of contributing to consolidated results. - FY2017AchievedAnnual report
「31 March 2017. Acquisition of shares for cash consideration. Voting rights ratio after acquisition: 100.00%.」
The acquisition of Annagab S.A. and the Helios Group companies was completed on 31 March 2017, achieving full-scale entry into the European market. - FY2017-Q3First statedAnnual report
「At a meeting of the Board of Directors on 6 December 2016, the company resolved to acquire all shares of Annagab S.A., the holding company of the European coatings manufacturer Helios Group, from Ring International Holding AG and other shareholders holding shares in Annagab S.A., making it a subsidiary, and entered into a share purchase agreement with the shareholders. This share acquisition represents the first step toward the company's full-scale entry into the European market, and the acquired business platform will be used as a base for expanding the European business going forward. Acquisition price: €572 million (approximately ¥70.1 billion). Ownership interest after acquisition: 100%. Share transfer completion date: around March 2017 (scheduled).」
The company first disclosed plans to acquire all shares of the holding company of European coatings manufacturer Helios Group. It aims to expand performance over the medium to long term by creating synergies through the use and mutual complementation of R&D, production and distribution platforms, as well as products and technologies, in Europe and Russia.