Securing a North American manufacturing base and expanding the business through the acquisition of U.S. Paint Corporation
First written in FY2017-Q2. 14 of 31 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-05-11.
No other company in this theme has enough history to compare yet.
- 2026-05-11WorsenedEarnings
「In North America, automobile production fell below the previous fiscal year's level, and net sales also declined. Segment profit was below the previous fiscal year's level due to the impact of lower sales and a decline in equity in earnings of affiliates, among other factors.」
In North America, lower automobile production and reduced equity in earnings of affiliates resulted in declines in both sales and profit. - FY2026-H1North America: lower revenue and lower profitAnnual report
「In North America, automotive production and sales fell below the previous year. Segment profit also fell below the previous year due to the impact of lower sales and lower equity-method investment gains, among other factors.」
In North America, sales declined due to lower automotive production, while lower equity-method investment gains also contributed to a 52.4% decline in segment profit. - FY2025North America: higher sales, lower profitAnnual report
「In North America, automotive production remained firm and sales exceeded the previous year. Segment profit, however, was slightly below the previous year, as the improvement in operating profit accompanying higher sales was offset by lower equity-method investment gains, among other factors.」
North American automotive production and sales increased, while segment profit fell below the previous year due to lower equity-method investment gains. - FY2025-H1AdvancedAnnual report
「In North America, automotive production and sales significantly exceeded the previous year. Profit also significantly exceeded the previous year, as operating profit improved with higher sales and equity-method investment gains increased, among other factors.」
In North America, sales increased 27.0% and segment profit increased 73.8% due to the recovery in automotive production and higher equity-method investment gains. - FY2024AdvancedAnnual report
「In North America, automotive production and sales exceeded the previous year. Profit also exceeded the previous year, as operating profit improved with higher sales and improved selling prices, and equity-method investment gains increased, among other factors.」
In North America, the recovery in automotive production, improved selling prices and increased equity-method investment gains resulted in sales of ¥9,210 million and segment profit of ¥3,297 million. - FY2024-Q3AdvancedAnnual report
「In North America, automotive production and sales exceeded the previous year. Profit also exceeded the previous year, as operating profit improved with higher sales and equity-method investment gains increased, among other factors. As a result, segment sales were ¥6,780 million, up 31.5% year on year, and segment profit was ¥2,166 million, up 137.9%.」
In North America, sales increased 31.5% and segment profit increased 137.9% due to the recovery in automotive production, higher sales and increased equity-method investment gains. - FY2024-Q2AdvancedAnnual report
「In North America, automotive production and sales exceeded the previous year. Profit also exceeded the previous year, as operating profit improved with higher sales and equity-method investment gains increased, among other factors. As a result, segment sales were ¥4,296 million, up 31.3% year on year, and segment profit was ¥1,199 million, up 148.9%.」
In North America, sales and segment profit exceeded the previous year due to the recovery in automotive production, higher sales and increased equity-method investment gains. - FY2024-Q1AdvancedAnnual report
「In North America, automotive production and sales exceeded the previous year. Profit also exceeded the previous year, as operating profit improved with higher sales and equity-method investment gains increased, despite the impact of higher raw material prices. As a result, segment sales were ¥2,089 million, up 31.7% year on year, and segment profit was ¥369 million, up 138.1%.」
In North America, sales increased 31.7% and segment profit increased 138.1% due to the recovery in automotive production and higher equity-method investment gains. - FY2023Profit declined despite higher salesAnnual report
「In North America, automotive production and sales exceeded the previous year. Although equity-method investment gains increased, profit was below the previous year due to the impact of higher raw material prices and the recognition of one-off income in the previous fiscal year, among other factors.」
In North America, sales increased on the recovery in automotive production and expanded sales, while ordinary profit fell 21.6% due to higher raw material prices and other factors. - FY2023-Q3Profit decline continues despite higher salesAnnual report
「In North America, automotive production and sales exceeded the previous year. Profit, however, was below the previous year due to the impact of higher raw material prices, among other factors.」
In North America, sales increased as automotive production recovered, while profit fell below the previous year due to higher raw material prices and other factors. - FY2023-Q2Profit declined despite higher salesAnnual report
「In North America, automotive production and sales exceeded the previous year. Profit, however, was below the previous year due to the impact of higher raw material prices and lower equity-method investment gains, among other factors.」
In North America, sales increased as automotive production recovered, while profit fell below the previous year due to higher raw material prices and lower equity-method investment gains. - FY2022-Q3AdvancedAnnual report
「In North America, sales of coatings for automotive parts and other products exceeded the previous year as automotive production recovered, and equity-method investment gains also increased. As a result, segment sales were ¥4,061 million, up 11.8% year on year, and ordinary profit was ¥1,187 million, up 83.5%.」
In North America, higher sales of coatings for automotive parts as automotive production recovered, together with increased equity-method investment gains, resulted in sales growth of 11.8% and ordinary profit growth of 83.5%. - FY2022-Q2AdvancedAnnual report
「In North America, sales of coatings for automotive parts and other products exceeded the previous year as automobile production recovered, and equity-method investment income also increased substantially.」
In North America, sales of coatings for automotive parts recovered, and equity-method investment income also increased. Revenue in the Other segment increased 34.7% year on year, and ordinary income increased 618.0%. - FY2022-Q1AdvancedAnnual report
「In North America, sales exceeded the previous year as a result of efforts to expand sales of coatings for automotive parts and other products. As a result, segment revenue was ¥1,497 million, up 3.9% year on year, and ordinary income was ¥777 million, up 116.0%.」
In North America, the Company expanded sales of coatings for automotive parts, and both revenue and ordinary income exceeded the same period of the previous year. - FY2021North America: full-year lower revenue and lower profitAnnual report
「In North America, economic activity continued to stagnate owing to the spread of COVID-19, and sales in the industrial field fell below the previous fiscal year. As a result, segment revenue was ¥5,112 million, down 15.1% from the previous fiscal year, and ordinary income was ¥1,149 million, down 7.6%.」
The impact of economic activity stagnation caused by the pandemic was reflected in full-year lower revenue and profit for the North American manufacturing base and business expansion theme. - FY2021-Q3Smaller declines in revenue and profitAnnual report
「<<Other>> In North America, sales in the industrial field fell below the previous year as economic activity stagnated due to the spread of COVID-19. As a result, segment revenue was ¥3,631 million, down 20.9% year on year, and ordinary income was ¥646 million, down 27.7%.」
In North America, lower revenue and profit continued owing to the stagnation of economic activity caused by COVID-19, but the year-on-year declines in revenue and ordinary income narrowed compared with the cumulative second-quarter results. - FY2021-Q2North America: lower revenue and lower profitAnnual report
「In North America, sales in the industrial field fell below the previous year as economic activity stagnated due to the spread of COVID-19. As a result, segment revenue was ¥2,084 million, down 33.6% year on year, and ordinary income was ¥140 million, down 76.5%.」
The North American manufacturing base and business expansion theme resulted in lower revenue and a substantial decline in profit owing to the stagnation of economic activity caused by COVID-19. - FY2021-Q1North America: lower revenue and higher profitAnnual report
「In North America, the Company worked to expand sales of coatings for automotive parts and other products in the industrial field, but sales fell below the previous year. As a result, segment revenue was ¥1,441 million, down 11.2% year on year, while ordinary income was ¥359 million, up 21.8%.」
In North America, sales declined despite efforts to expand sales of coatings for automotive parts, while ordinary income increased 21.8% year on year. - FY2020AdvancedAnnual report
「In North America, sales increased as the Company worked to expand sales of coatings for automotive parts and other products in the industrial field, and equity-method investment income also increased. As a result, segment revenue was ¥6,021 million, up 1.1% year on year, and ordinary income was ¥1,243 million, up 139.9%.」
In North America, the expansion of sales of coatings for automotive parts and the increase in equity-method investment income were reflected in full-year results, with revenue and ordinary income exceeding the previous fiscal year. - FY2020-Q3AdvancedAnnual report
「In North America, sales increased as the Company worked to expand sales of coatings for automotive parts and other products in the industrial field, and equity-method investment income also increased. As a result, segment revenue was ¥4,592 million, up 2.8% year on year, and ordinary income was ¥894 million, up 57.8%.」
The Company continued to expand sales of coatings for automotive parts, with North American segment revenue up 2.8% year on year and ordinary income up 57.8%. - FY2020-Q2AdvancedAnnual report
「In North America, sales increased as the Company worked to expand sales of coatings for automotive parts and other products in the industrial field, and equity-method investment income also increased. As a result, segment revenue was ¥3,137 million, up 5.7% year on year, and ordinary income was ¥599 million, up 50.5%.」
The Company continued to expand sales of coatings for automotive parts in North America. Revenue increased 5.7% year on year, and ordinary income increased 50.5%. - FY2020-Q1AdvancedAnnual report
「In North America, sales increased as the Company worked to expand sales of coatings for automotive parts and other products in the industrial field, and equity-method investment income also increased. As a result, segment revenue was ¥1,623 million, up 5.3% year on year, and ordinary income was ¥295 million, up 16.8%.」
In North America, sales of coatings for automotive parts continued to expand, and both revenue and ordinary income exceeded the same period of the previous year. - FY2019-Q2RestatedAnnual report
「In North America, sales increased as the Company worked to expand sales of coatings for automotive parts and other products in the industrial field. However, automobile production remained sluggish, and equity-method investment income declined owing in part to intensifying competition. As a result, segment revenue was ¥2,969 million, up 7.6% year on year, and ordinary income was ¥398 million, down 34.3%.」
The Company continued to expand sales of coatings for automotive parts in North America, but ordinary income declined 34.3% year on year owing to sluggish automobile production and intensifying competition. - FY2019-Q1RestatedAnnual report
「In North America, sales increased as the Company worked to expand sales of coatings for automotive parts and other products in the industrial field. However, automobile production remained sluggish, and equity-method investment income declined owing in part to intensifying competition. As a result, segment revenue was ¥1,542 million, up 10.2% year on year, and ordinary income was ¥252 million, down 19.8%.」
In North America, sales increased through expanded sales of coatings for automotive parts, while ordinary income declined 19.8% year on year owing to sluggish automobile production and intensifying competition. - FY2018RestatedAnnual report
「The results of U.S. Paint Corporation, which became a consolidated subsidiary in August 2016, including amortization of goodwill, were recorded.」
U.S. Paint Corporation's results continued to be included, and revenue in the Other segment was ¥5,461 million. - FY2018-Q3RestatedAnnual report
「The results of U.S. Paint Corporation, which became a consolidated subsidiary in August 2016, including amortization of goodwill, were recorded. As a result, segment revenue was ¥4,015 million, up 183.5% year on year, while ordinary income was ¥737 million, down 6.4%.」
U.S. Paint Corporation's results continued to be included, and revenue in the Other segment increased substantially, while ordinary income fell below the same period of the previous year. - FY2018-Q2RestatedAnnual report
「The results of U.S. Paint Corporation, which became a consolidated subsidiary in August 2016, including amortization of goodwill, were recorded. As a result, segment revenue was ¥2,760 million, up 353.7% year on year, and ordinary income was ¥606 million, up 6.4%.」
U.S. Paint Corporation continued to contribute to results and be included in the consolidated accounts. - FY2018-Q1AdvancedAnnual report
「In addition, the results of U.S. Paint Corporation of the United States, which became a consolidated subsidiary in August 2016, contributed to performance, and segment-wide results exceeded the previous year. As a result, segment revenue was ¥1,399 million, up 341.8% year on year, and ordinary income was ¥315 million, up 27.9%.」
U.S. Paint Corporation continued to contribute to results, and revenue in the Other segment increased 341.8% year on year. - FY2017RestatedAnnual report
「In addition, the results of U.S. Paint Corporation of the United States, which became a consolidated subsidiary in August 2016, contributed to sales, and segment-wide sales exceeded the previous year.」
The contribution of U.S. Paint Corporation's results after the acquisition was confirmed for the full fiscal year. - FY2017-Q3AdvancedAnnual report
「In addition, the results of U.S. PAINT CORPORATION of the United States, which became a consolidated subsidiary in August 2016, were included in the consolidated results from the current fiscal year.」
U.S. Paint Corporation's results were included in consolidated results for the first time after the acquisition in the current quarter, indicating progress in post-acquisition integration. - FY2017-Q2First statedAnnual report
「To secure manufacturing bases for automotive parts and industrial coatings in North America and expand the business among Japanese-affiliated and overseas users. Business combination date: 16 August 2016. Voting rights acquired as of the business combination date: 51.04%. Acquisition cost: ¥5,244 million.」
U.S. Paint Corporation was acquired for ¥5,244 million in cash and made a consolidated subsidiary with a 51.04% voting interest. The acquisition was intended to secure a manufacturing base in North America and expand the automotive parts and industrial coatings businesses. This is the first mention, although the acquisition was completed on 16 August 2016.