Nippon Paint Holdings announced consolidated net profit of ¥167.6 billion for January–September 2024, up 28.9% year on year, with net profit for July–September rising to ¥62.5 billion, up 37.1%. Progress against the full-year plan was 88.7%.
Nippon Paint Holdings released its earnings report, reporting approximately 27% year-on-year growth in consolidated net profit for the January–September period. For the cumulative three-quarter results, the report focused on net profit growth rather than growth rates for revenue or operating profit. The figures are based on IFRS, and progress against the full-year plan has reached a high level.
Meanwhile, consolidated net profit for July–September, the latest three-month period, was ¥62.5 billion, an increase of 37.1% year on year. Revenue and the operating profit margin improved from the previous period, although the increase in third-quarter profit may have reflected a combination of factors, including foreign-exchange effects and changes in the product mix.
The company left its full-year profit outlook unchanged and estimates consolidated net profit of ¥21.3 billion for October–December as its outlook for the second half. This is expected to represent a substantial decline year on year, but the earnings report provided a fourth-quarter outlook at this stage and directed attention to progress toward the fiscal year-end.