Nippon Paint Holdings revised its full-year net profit forecast for the current fiscal year downward, from ¥198 billion to ¥189 billion. It projected second-half net profit at ¥83.8 billion, a decrease from the same period of the previous year.
According to the earnings report, consolidated net profit for the first half (January-June) of the fiscal year ending December 2026 rose 24.4% year on year to ¥105.1 billion.
However, full-year net profit is now expected to come in at ¥189 billion, down from the previous forecast of ¥198 billion, reducing the projected growth rate from 10.1% to 5.1%.
Based on the first-half results and full-year plan released by the company, consolidated net profit for the second half is expected to decline 12.0% year on year to ¥83.8 billion.
For the three months from April to June, consolidated net profit was ¥53.6 billion, up 9.9% year on year, while the operating margin on sales improved from 15.1% to 15.3%.
Following the revision, the full-year forecast calls for sales of ¥2,000 billion, net profit of ¥189 billion and EPS of ¥81.5.