trending Market Intelligence /marketintelligence/en/news-insights/trending/0Wm-z4Z-z4g9tFQz7C6-tw2 content esgSubNav
In This List

Nippon Paint Holdings fiscal Q1 profit falls YOY


Next in Tech | Episode 94: Is it cloud versus datacenter?


According to Market Intelligence, December 2022


Private Markets 360° | Episode 1: The role of ESG in Private Equity


Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Nippon Paint Holdings fiscal Q1 profit falls YOY

Nippon Paint Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥22.98 per share, a decrease of 8.5% from ¥25.12 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.99 billion, a decline of 9.9% from ¥6.65 billion in the prior-year period.

The normalized profit margin dropped to 9.6% from 10.8% in the year-earlier period.

Total revenue rose year over year to ¥62.56 billion from ¥61.76 billion, and total operating expenses increased year over year to ¥54.47 billion from ¥53.93 billion.

Reported net income fell 16.6% on an annual basis to ¥6.10 billion, or ¥23.38 per share, from ¥7.31 billion, or ¥27.62 per share.

As of Aug. 7, US$1 was equivalent to ¥102.16.