New Product Development through R&D

「R&D expenses totaled ¥123 million for the interim consolidated accounting period. There were no material changes in the status of the Group’s R&D activities during the period.」

「The main R&D activities during the consolidated fiscal year were as follows. R&D expenses were ¥256 million. 1. Developed a clear coating for stainless steel sheets with heat resistance and excellent lubricity. 2. Developed a phthalate-based primer coating containing no substances subject to the Specified Chemical Substances Ordinance to help protect healthy living.」

「R&D expenses totaled ¥129 million for the interim consolidated accounting period. There were no material changes in the status of the Group’s R&D activities during the period.」

「The main R&D activities during the consolidated fiscal year were as follows. R&D expenses were ¥259 million. 1. Acquired a patent for a “powder coating composition.” 2. Developed a clear coating for stainless steel sheets with stripping properties and excellent lubricity. 3. Developed a coating for PCM steel sheets with antibacterial and antifungal properties to help protect healthy living.」

「R&D expenses totaled ¥129 million for the six-month period of the current consolidated fiscal year. There were no material changes in the status of the Group’s R&D activities during the period. The new products developed through R&D were as follows: ・Acquired a patent for a “powder coating composition” ・Developed a clear coating for stainless steel sheets with stripping properties and excellent lubricity」

「R&D expenses totaled ¥63 million for the three-month period of the current consolidated fiscal year. There were no material changes in the status of the Group’s R&D activities during the period. The new products developed through R&D were as follows: ・Acquired a patent for a “powder coating composition” ・Developed a clear coating for stainless steel sheets with stripping properties and excellent lubricity」

「The main R&D activities during the consolidated fiscal year were as follows. R&D expenses were ¥265 million. ・Developed “Ureol ECO,” a urethane coating with reduced levels of substances subject to the Specified Chemical Substances Ordinance.」

「R&D expenses totaled ¥200 million for the nine-month period of the current consolidated fiscal year. There were no material changes in the status of the Group’s R&D activities during the period. The new product developed through R&D was as follows: ・Urethane coating with reduced levels of substances subject to the Specified Chemical Substances Ordinance, “Ureol ECO”」

「R&D expenses totaled ¥134 million for the six-month period of the current consolidated fiscal year. There were no material changes in the status of the Group’s R&D activities during the period. The new product developed through R&D was as follows: ・Urethane coating with reduced levels of substances subject to the Specified Chemical Substances Ordinance, “Ureol ECO”」

「R&D expenses totaled ¥65 million for the three-month period of the current consolidated fiscal year. There were no material changes in the status of the Group’s R&D activities during the period. The new product developed through R&D was as follows: ・Urethane coating with reduced levels of substances subject to the Specified Chemical Substances Ordinance, “Ureol ECO”」

「R&D expenses totaled ¥199 million for the nine-month period of the current consolidated fiscal year. There were no material changes in the status of the Group’s R&D activities during the period. The new products developed through R&D were as follows: ・Powder coating containing an antibacterial agent, “Porcerac 2000AB” ・Clear coating for stainless steel sheets with excellent wear resistance ・Coating for PCM steel sheets containing an antiviral agent」

「Total R&D expenses for the six months ended September 30 were ¥133 million. There were no material changes in the status of the Group's R&D activities during the six months ended September 30. The new products developed through R&D are as follows: • Poselac 2000AB, a powder coating containing an antibacterial agent • Clear coating for stainless steel sheets with excellent abrasion resistance」

「Total R&D expenses for the three months ended June 30 were ¥66 million. There were no material changes in the status of the Group's R&D activities during the three months ended June 30. The new product developed through R&D is as follows: • Poselac 2000AB, a powder coating containing an antibacterial agent」

「The main R&D activities during the fiscal year were as follows. R&D expenses were ¥272 million. 1. Suisei K-I Coat (KA), a water-based coating for the exterior of water pipes that can reduce VOC emissions into the atmosphere, was developed. 2. Poselac 3000AV, a powder coating containing antibacterial and antiviral agents to help protect healthy lifestyles, was developed.」

「Total R&D expenses for the nine months ended December 31 were ¥204 million. There were no material changes in the status of the Group's R&D activities during the nine months ended December 31. The new products developed through R&D are as follows: • Suisei K-I Coat (KA), a water-based coating for the exterior of water-supply iron pipes • Poselac 3000AV, a powder coating containing antiviral and antibacterial agents」

「Total R&D expenses for the six months ended September 30 were ¥137 million. There were no material changes in the status of the Group's R&D activities during the six months ended September 30. The new product developed through R&D is as follows: • Suisei K-I Coat (KA), a water-based coating for the exterior of water-supply iron pipes」

「Total R&D expenses for the three months ended June 30 were ¥67 million. There were no material changes in the status of the Group's R&D activities during the three months ended June 30. The new product developed through R&D is as follows: • Suisei K-I Coat (KA), a water-based coating for the exterior of water-supply iron pipes」

「The main R&D activities during the fiscal year were as follows. R&D expenses were ¥274 million. 1. Demand is high for products with reduced environmentally hazardous substances as part of efforts to improve the working environment. Acrylic NS Eco, a one-component acrylic resin coating with reduced substances subject to the Ordinance on the Prevention of Organic Solvent Poisoning, was developed. 2. Demand is also high for powder coatings that can reduce VOC emissions into the atmosphere and help prevent global warming. Poselac 3600, a low-temperature-curing, high-weatherability powder coating, was developed.」

「Total R&D expenses for the nine months ended December 31 were ¥204 million. There were no material changes in the status of the Group's R&D activities during the nine months ended December 31. The new products developed through R&D are as follows: • Poselac 3600, a low-temperature-curing, high-weatherability powder coating • Acrylic NS Eco, a one-component acrylic resin coating with reduced substances subject to the Ordinance on the Prevention of Organic Solvent Poisoning」

「Total R&D expenses for the six months ended September 30 were ¥137 million. There were no material changes in the status of the Group's R&D activities during the six months ended September 30. The new product developed through R&D is as follows: • Poselac 3600, a low-temperature-curing, high-weatherability powder coating」

「Total R&D expenses for the three months ended June 30 were ¥67 million. There were no material changes in the status of the Group's R&D activities during the three months ended June 30. The new product developed through R&D is as follows: • Poselac 3600, a low-temperature-curing, high-weatherability powder coating」

「The main R&D activities during the fiscal year were as follows. R&D expenses were ¥282 million. 1. Due to strong demand for products with reduced environmentally hazardous substances as part of efforts to improve the working environment, Neo Queen, a phthalic resin coating with reduced substances subject to the Ordinance on the Prevention of Organic Solvent Poisoning, was developed. 2. A highly corrosion-resistant water-based coating that contributes to corrosion protection for agricultural water-supply iron pipes was developed. 3. Ureol B3700, an ultra-low-temperature-baking one-component urethane coating that contributes to energy conservation, was developed.」

「Total R&D expenses for the nine months ended December 31 were ¥211 million. During the nine months ended December 31, the change in the status of the Group's R&D activities was the establishment of a Powder Coating Technology Department at the Chiba Plant and the assignment of technical staff there. The new products developed through R&D are as follows: • Neo Queen, a phthalic resin coating with reduced environmentally hazardous substances • WK-I, a highly corrosion-resistant acrylic emulsion coating • Ureol B3700, an ultra-low-temperature-curing one-component urethane resin coating」

「Total R&D expenses for the six months ended September 30 were ¥138 million. During the six months ended September 30, the change in the status of the Group's R&D activities was the establishment of a Powder Coating Technology Department at the Chiba Plant and the assignment of technical staff there. The new products developed through R&D are as follows: • Neo Queen, a phthalic resin coating with reduced environmentally hazardous substances • WK-I, a highly corrosion-resistant acrylic emulsion coating • Ureol B3700, an ultra-low-temperature-curing one-component urethane resin coating」

「Total R&D expenses for the three months ended June 30 were ¥69 million. During the three months ended June 30, a Powder Coating Technology Department was newly established at the Chiba Plant. Locating the department at the Group's main powder coating production site is expected to strengthen R&D, including by improving productivity. In addition, a new product developed through R&D, Neo Queen, an environmentally hazardous substance-reduced phthalic resin coating, was launched. The product is considered to contribute to improvements in the global and working environments.」

「The main R&D activities during the fiscal year were as follows. R&D expenses were ¥288 million. 1. Demand is high for products with reduced environmentally hazardous substances to improve the working environment. Phthalic resin coatings and urethane resin coatings with reduced substances subject to the Ordinance on the Prevention of Organic Solvent Poisoning were developed. 2. Sales of high-weatherability, high-appearance powder coatings for construction machinery are being expanded.」

「Total R&D expenses for the nine months ended December 31 were ¥216 million. There were no material changes in the status of the Group's R&D activities during the nine months ended December 31. The new product developed through R&D is as follows: • Urethane resin coating compliant with the Ordinance on the Prevention of Organic Solvent Poisoning」

「Total R&D expenses for the six months ended September 30 were ¥143 million. There were no material changes in the status of the Group's R&D activities during the six months ended September 30. The new product developed through R&D is as follows: • Urethane resin coating compliant with the Ordinance on the Prevention of Organic Solvent Poisoning」

「Research and development expenses totaled ¥70 million for the three months ended [current first quarter]. There were no material changes in the status of the Group's research and development activities during the three months ended [current first quarter].」

「The main R&D activities during the fiscal year were as follows. R&D expenses were ¥281 million. 1. High-weatherability powder coatings are being expanded in outdoor applications previously served by solvent-based coatings. 2. Demand is also high for coatings with reduced substances subject to the Ordinance on the Prevention of Organic Solvent Poisoning, in order to improve the working environment. Modified epoxy resin coatings and urethane resin coatings with reduced environmentally hazardous substances were launched.」

「Total R&D expenses for the six months ended September 30 were ¥137 million. There were no material changes in the status of the Group's R&D activities during the six months ended September 30. The new products developed through R&D are as follows: • Environmentally friendly two-component urethane resin coating • Environmentally friendly modified epoxy resin coating」

「Total R&D expenses for the three months ended June 30 were ¥66 million. There were no material changes in the status of the Group's R&D activities during the three months ended June 30. The new products developed through R&D are as follows: • Environmentally friendly two-component urethane resin coating • Environmentally friendly modified epoxy resin coating」

「The main R&D activities during the fiscal year were as follows. R&D expenses were ¥272 million. 1. A high-appearance, high-weatherability powder coating was adopted for construction machinery. 2. A one-component urethane resin coating was introduced in the general baking coatings field. 3. A matte polyester resin powder coating, a product not previously available, was launched.」

「Total R&D expenses for the nine months ended December 31 were ¥203 million. There were no material changes in the status of the Group's R&D activities during the nine months ended December 31. The new products developed through R&D are as follows: • One-component baking urethane resin coating • HAA-type matte powder coating」

「Total R&D expenses for the six months ended September 30 were ¥137 million. There were no material changes in the status of the Group's R&D activities during the six months ended September 30. The new products developed through R&D are as follows: • One-component baking urethane resin coating • HAA-type matte powder coating」