Financials
Nippon Paint Holdings: FYE Dec 2025 and ten years of results (48 metrics)
FYE Dec 2025 · Revenue¥1.77tnYoY +8.3%
FYE Dec 2025 · Operating profit¥257bnYoY +38.1%
FYE Dec 2025 · Net profit¥180bnYoY +42.8%
FYE Dec 2025 · Equity ratio44.4%YoY −6.8pp
FYE Dec 2025 · Group employees38,481YoY −81
| Fiscal year | Revenue | YoY | Operating profit | YoY | Margin | Net profit | Chief executive | That year |
|---|---|---|---|---|---|---|---|---|
| FYE Dec 2016Consolidated | ¥470bn | n/a | ¥72bn | n/a | 15.4% | ¥35bn | Tando Tetsushi | — |
| FYE Dec 2017Consolidated | ¥605bn | +28.7% | ¥75bn | +3.4% | 12.4% | ¥37bn | Tando Tetsushi | Dunn-Edwards acquired for about ¥68.7bn |
| FYE Dec 2018Consolidated | ¥628bn | +3.7% | ¥87bn | +15.5% | 13.8% | ¥34bn | Tando Tetsushi | Wuthelam takes a majority of the board |
| FYE Dec 2019Consolidated | ¥692bn | +10.3% | ¥78bn | −9.8% | 11.3% | ¥37bn | Tando Tetsushi | Dulux acquired for about ¥300bn |
| FYE Dec 2020Consolidated | ¥773bn | +11.6% | ¥88bn | +12.2% | 11.3% | ¥44bn | Tando Tetsushi | — |
| FYE Dec 2021Consolidated | ¥998bn | +29.2% | ¥88bn | +0.0% | 8.8% | ¥68bn | Tanaka Masaaki | Wuthelam subscribes the share issue; Asian ventures wholly acquired |
| FYE Dec 2022Consolidated | ¥1.31tn | +31.1% | ¥112bn | +27.7% | 8.5% | ¥79bn | Wee Siew Kim | Cromology Holding acquired for ¥150.6bn |
| FYE Dec 2023Consolidated | ¥1.44tn | +10.2% | ¥169bn | +50.8% | 11.7% | ¥118bn | Wee Siew Kim | — |
| FYE Dec 2024Consolidated | ¥1.64tn | +13.6% | ¥186bn | +10.3% | 11.4% | ¥126bn | Wee Siew Kim | — |
| FYE Dec 2025Consolidated | ¥1.77tn | +8.3% | ¥257bn | +38.1% | 14.5% | ¥180bn | Wee Siew Kim | — |
How it compares
Nippon Paint Holdings¥1.77tnFY2025Operating margin 14.5%
DIC Corporation¥1.05tnFY2025Operating margin 5.0%Kansai Paint¥590bnFY2025Operating margin 8.4%artience Co., Ltd.¥350bnFY2025Operating margin 5.9%
CHUGOKU MARINE PAINTS, LTD.¥139bnFY2025Operating margin 12.5%
SK Kaken¥110bnFY2025Operating margin 11.1%
Income statement Revenue, costs, each level of profit and the margins they leave
Where the revenue goes
¥ bnMargins
%Revenue net sales, operating revenue
FYE Dec 2025 ¥1.77tn
CAGR · 10 yrs +15.9%
| Fiscal year | Revenue ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 470 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 605 | +28.7% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 628 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 692 | +10.3% | Cons. · IFRS |
| FYE Dec 2020 | 773 | +11.6% | Cons. · IFRS |
| FYE Dec 2021 | 998 | +29.2% | Cons. · IFRS |
| FYE Dec 2022 | 1,309 | +31.1% | Cons. · IFRS |
| FYE Dec 2023 | 1,443 | +10.2% | Cons. · IFRS |
| FYE Dec 2024 | 1,639 | +13.6% | Cons. · IFRS |
| FYE Dec 2025 | 1,774 | +8.3% | Cons. · IFRS |
Cost of sales
FYE Dec 2025 ¥1.02tn
CAGR · 10 yrs +16.2%
| Fiscal year | Cost of sales ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 265 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 360 | +35.7% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 386 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 416 | +8.0% | Cons. · IFRS |
| FYE Dec 2020 | 451 | +8.4% | Cons. · IFRS |
| FYE Dec 2021 | 620 | +37.4% | Cons. · IFRS |
| FYE Dec 2022 | 821 | +32.5% | Cons. · IFRS |
| FYE Dec 2023 | 866 | +5.5% | Cons. · IFRS |
| FYE Dec 2024 | 981 | +13.3% | Cons. · IFRS |
| FYE Dec 2025 | 1,024 | +4.4% | Cons. · IFRS |
Gross profit
FYE Dec 2025 ¥750bn
CAGR · 10 yrs +15.5%
| Fiscal year | Gross profit ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 205 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 245 | +19.7% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 242 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 276 | +13.8% | Cons. · IFRS |
| FYE Dec 2020 | 321 | +16.5% | Cons. · IFRS |
| FYE Dec 2021 | 378 | +17.8% | Cons. · IFRS |
| FYE Dec 2022 | 488 | +28.9% | Cons. · IFRS |
| FYE Dec 2023 | 576 | +18.2% | Cons. · IFRS |
| FYE Dec 2024 | 657 | +14.1% | Cons. · IFRS |
| FYE Dec 2025 | 750 | +14.1% | Cons. · IFRS |
SG&A selling, general and administrative expenses
FYE Dec 2025 ¥503bn
CAGR · 10 yrs +16.0%
| Fiscal year | SG&A ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 132 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 170 | +28.6% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 164 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 190 | +16.0% | Cons. · IFRS |
| FYE Dec 2020 | 235 | +23.6% | Cons. · IFRS |
| FYE Dec 2021 | 294 | +25.0% | Cons. · IFRS |
| FYE Dec 2022 | 383 | +30.3% | Cons. · IFRS |
| FYE Dec 2023 | 420 | +9.6% | Cons. · IFRS |
| FYE Dec 2024 | 481 | +14.5% | Cons. · IFRS |
| FYE Dec 2025 | 503 | +4.4% | Cons. · IFRS |
Operating profit
FYE Dec 2025 ¥257bn
CAGR · 10 yrs +15.1%
| Fiscal year | Operating profit ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 72.5 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 75.0 | +3.4% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 86.5 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 78.1 | −9.8% | Cons. · IFRS |
| FYE Dec 2020 | 87.6 | +12.2% | Cons. · IFRS |
| FYE Dec 2021 | 87.6 | −0.0% | Cons. · IFRS |
| FYE Dec 2022 | 112 | +27.7% | Cons. · IFRS |
| FYE Dec 2023 | 169 | +50.8% | Cons. · IFRS |
| FYE Dec 2024 | 186 | +10.3% | Cons. · IFRS |
| FYE Dec 2025 | 257 | +38.1% | Cons. · IFRS |
Non-operating income
FYE Dec 2025 ¥18bn
CAGR · 10 yrs +10.7%
| Fiscal year | Non-operating income ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 7.1 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 7.0 | −1.6% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 4.4 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 5.7 | +29.7% | Cons. · IFRS |
| FYE Dec 2020 | 6.2 | +7.4% | Cons. · IFRS |
| FYE Dec 2021 | 4.2 | −31.9% | Cons. · IFRS |
| FYE Dec 2022 | 5.0 | +18.9% | Cons. · IFRS |
| FYE Dec 2023 | 7.0 | +39.1% | Cons. · IFRS |
| FYE Dec 2024 | 11.1 | +59.6% | Cons. · IFRS |
| FYE Dec 2025 | 17.8 | +60.4% | Cons. · IFRS |
Non-operating expenses
FYE Dec 2025 ¥27bn
CAGR · 10 yrs +30.6%
| Fiscal year | Non-operating expenses ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 2.5 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 5.1 | +109.1% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 3.1 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 5.7 | +82.8% | Cons. · IFRS |
| FYE Dec 2020 | 6.0 | +4.3% | Cons. · IFRS |
| FYE Dec 2021 | 5.9 | −0.7% | Cons. · IFRS |
| FYE Dec 2022 | 11.8 | +99.0% | Cons. · IFRS |
| FYE Dec 2023 | 14.4 | +21.9% | Cons. · IFRS |
| FYE Dec 2024 | 19.8 | +37.4% | Cons. · IFRS |
| FYE Dec 2025 | 27.1 | +37.2% | Cons. · IFRS |
Net profit profit attributable to owners of the parent
FYE Dec 2025 ¥180bn
CAGR · 10 yrs +20.0%
| Fiscal year | Net profit ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 34.8 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 37.1 | +6.7% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 34.2 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 36.7 | +7.4% | Cons. · IFRS |
| FYE Dec 2020 | 43.9 | +19.6% | Cons. · IFRS |
| FYE Dec 2021 | 67.6 | +53.8% | Cons. · IFRS |
| FYE Dec 2022 | 79.4 | +17.5% | Cons. · IFRS |
| FYE Dec 2023 | 118 | +49.2% | Cons. · IFRS |
| FYE Dec 2024 | 126 | +6.3% | Cons. · IFRS |
| FYE Dec 2025 | 180 | +42.8% | Cons. · IFRS |
Gross margin
FYE Dec 2025 42.3%
Average · 10 yrs 40.2%
| Fiscal year | Gross margin % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 43.6 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 40.5 | −3.1pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 38.6 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 39.8 | +1.3pp | Cons. · IFRS |
| FYE Dec 2020 | 41.6 | +1.7pp | Cons. · IFRS |
| FYE Dec 2021 | 37.9 | −3.7pp | Cons. · IFRS |
| FYE Dec 2022 | 37.2 | −0.7pp | Cons. · IFRS |
| FYE Dec 2023 | 39.9 | +2.7pp | Cons. · IFRS |
| FYE Dec 2024 | 40.1 | +0.2pp | Cons. · IFRS |
| FYE Dec 2025 | 42.3 | +2.2pp | Cons. · IFRS |
Operating margin
FYE Dec 2025 14.5%
Average · 10 yrs 11.9%
| Fiscal year | Operating margin % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 15.4 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 12.4 | −3.0pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 13.8 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 11.3 | −2.5pp | Cons. · IFRS |
| FYE Dec 2020 | 11.3 | +0.1pp | Cons. · IFRS |
| FYE Dec 2021 | 8.8 | −2.6pp | Cons. · IFRS |
| FYE Dec 2022 | 8.5 | −0.2pp | Cons. · IFRS |
| FYE Dec 2023 | 11.7 | +3.2pp | Cons. · IFRS |
| FYE Dec 2024 | 11.4 | −0.3pp | Cons. · IFRS |
| FYE Dec 2025 | 14.5 | +3.1pp | Cons. · IFRS |
Net margin
FYE Dec 2025 10.1%
Average · 10 yrs 6.9%
| Fiscal year | Net margin % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 7.4 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 6.1 | −1.3pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 5.4 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 5.3 | −0.1pp | Cons. · IFRS |
| FYE Dec 2020 | 5.7 | +0.4pp | Cons. · IFRS |
| FYE Dec 2021 | 6.8 | +1.1pp | Cons. · IFRS |
| FYE Dec 2022 | 6.1 | −0.7pp | Cons. · IFRS |
| FYE Dec 2023 | 8.2 | +2.1pp | Cons. · IFRS |
| FYE Dec 2024 | 7.7 | −0.5pp | Cons. · IFRS |
| FYE Dec 2025 | 10.1 | +2.5pp | Cons. · IFRS |
Cost-of-sales ratio
FYE Dec 2025 57.7%
Average · 10 yrs 59.8%
| Fiscal year | Cost-of-sales ratio % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 56.4 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 59.5 | +3.1pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 61.4 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 60.2 | −1.3pp | Cons. · IFRS |
| FYE Dec 2020 | 58.4 | −1.7pp | Cons. · IFRS |
| FYE Dec 2021 | 62.1 | +3.7pp | Cons. · IFRS |
| FYE Dec 2022 | 62.8 | +0.7pp | Cons. · IFRS |
| FYE Dec 2023 | 60.1 | −2.7pp | Cons. · IFRS |
| FYE Dec 2024 | 59.9 | −0.2pp | Cons. · IFRS |
| FYE Dec 2025 | 57.7 | −2.2pp | Cons. · IFRS |
SG&A ratio
FYE Dec 2025 28.3%
Average · 10 yrs 28.6%
| Fiscal year | SG&A ratio % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 28.2 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 28.1 | −0.0pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 26.2 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 27.5 | +1.4pp | Cons. · IFRS |
| FYE Dec 2020 | 30.5 | +3.0pp | Cons. · IFRS |
| FYE Dec 2021 | 29.5 | −1.0pp | Cons. · IFRS |
| FYE Dec 2022 | 29.3 | −0.2pp | Cons. · IFRS |
| FYE Dec 2023 | 29.1 | −0.2pp | Cons. · IFRS |
| FYE Dec 2024 | 29.4 | +0.2pp | Cons. · IFRS |
| FYE Dec 2025 | 28.3 | −1.0pp | Cons. · IFRS |
Balance sheet Assets, debt and equity, and what they say about financial strength
What the balance sheet is made of
¥ bnFinancial strength
%Total assets
FYE Dec 2025 ¥4.02tn
CAGR · 10 yrs +19.2%
| Fiscal year | Total assets ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 828 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 921 | +11.2% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 936 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 1,479 | +58.0% | Cons. · IFRS |
| FYE Dec 2020 | 1,615 | +9.2% | Cons. · IFRS |
| FYE Dec 2021 | 1,955 | +21.1% | Cons. · IFRS |
| FYE Dec 2022 | 2,442 | +24.9% | Cons. · IFRS |
| FYE Dec 2023 | 2,713 | +11.1% | Cons. · IFRS |
| FYE Dec 2024 | 3,069 | +13.1% | Cons. · IFRS |
| FYE Dec 2025 | 4,018 | +30.9% | Cons. · IFRS |
Equity net assets, shareholders' equity
FYE Dec 2025 ¥1.78tn
CAGR · 10 yrs +15.9%
| Fiscal year | Equity ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 473 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 504 | +6.6% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 501 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 418 | −16.6% | Cons. · IFRS |
| FYE Dec 2020 | 436 | +4.4% | Cons. · IFRS |
| FYE Dec 2021 | 950 | +117.9% | Cons. · IFRS |
| FYE Dec 2022 | 1,142 | +20.2% | Cons. · IFRS |
| FYE Dec 2023 | 1,349 | +18.1% | Cons. · IFRS |
| FYE Dec 2024 | 1,572 | +16.5% | Cons. · IFRS |
| FYE Dec 2025 | 1,785 | +13.6% | Cons. · IFRS |
Interest-bearing debt
FYE Dec 2025 ¥1.42tn
CAGR · 10 yrs +51.9%
| Fiscal year | Interest-bearing debt ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 33.0 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 50.0 | +51.5% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 89.5 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 442 | +394.3% | Cons. · IFRS |
| FYE Dec 2020 | 536 | +21.2% | Cons. · IFRS |
| FYE Dec 2021 | 523 | −2.4% | Cons. · IFRS |
| FYE Dec 2022 | 722 | +38.1% | Cons. · IFRS |
| FYE Dec 2023 | 740 | +2.5% | Cons. · IFRS |
| FYE Dec 2024 | 760 | +2.7% | Cons. · IFRS |
| FYE Dec 2025 | 1,422 | +87.1% | Cons. · IFRS |
Short-term borrowings
FYE Dec 2025 ¥124bn
CAGR · 10 yrs +17.3%
| Fiscal year | Short-term borrowings ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 29.5 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 18.3 | −38.2% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 51.6 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 384 | +644.5% | Cons. · IFRS |
| FYE Dec 2020 | 68.1 | −82.3% | Cons. · IFRS |
| FYE Dec 2021 | 65.1 | −4.4% | Cons. · IFRS |
| FYE Dec 2022 | 96.0 | +47.4% | Cons. · IFRS |
| FYE Dec 2023 | 56.0 | −41.7% | Cons. · IFRS |
| FYE Dec 2024 | 146 | +161.6% | Cons. · IFRS |
| FYE Dec 2025 | 124 | −15.2% | Cons. · IFRS |
Long-term borrowings
FYE Dec 2025 ¥1.30tn
CAGR · 10 yrs +88.1%
| Fiscal year | Long-term borrowings ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 4.4 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 38.8 | +781.5% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 37.9 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 58.1 | +53.5% | Cons. · IFRS |
| FYE Dec 2020 | 468 | +704.2% | Cons. · IFRS |
| FYE Dec 2021 | 458 | −2.1% | Cons. · IFRS |
| FYE Dec 2022 | 626 | +36.7% | Cons. · IFRS |
| FYE Dec 2023 | 684 | +9.2% | Cons. · IFRS |
| FYE Dec 2024 | 614 | −10.3% | Cons. · IFRS |
| FYE Dec 2025 | 1,298 | +111.5% | Cons. · IFRS |
Bonds
FYE Dec 2025 ¥0.0m
Average · 10 yrs ¥0.0m
| Fiscal year | Bonds ¥ m | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 0.0 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 0.0 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2018 | 0.0 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 0.0 | n/a | Cons. · IFRS |
| FYE Dec 2020 | 0.0 | n/a | Cons. · IFRS |
| FYE Dec 2021 | 0.0 | n/a | Cons. · IFRS |
| FYE Dec 2022 | 0.0 | n/a | Cons. · IFRS |
| FYE Dec 2023 | 0.0 | n/a | Cons. · IFRS |
| FYE Dec 2024 | 0.0 | n/a | Cons. · IFRS |
| FYE Dec 2025 | 0.0 | n/a | Cons. · IFRS |
Intangible assets
FYE Dec 2025 n/a
CAGR · 4 yrs −3.6%
| Fiscal year | Intangible assets ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 258 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 313 | +21.5% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 95.5 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 231 | +141.9% | Cons. · IFRS |
| FYE Dec 2020 | n/a | n/a | Cons. · IFRS |
| FYE Dec 2021 | n/a | n/a | Cons. · IFRS |
| FYE Dec 2022 | n/a | n/a | Cons. · IFRS |
| FYE Dec 2023 | n/a | n/a | Cons. · IFRS |
| FYE Dec 2024 | n/a | n/a | Cons. · IFRS |
| FYE Dec 2025 | n/a | n/a | Cons. · IFRS |
Goodwill
FYE Dec 2025 ¥1.47tn
CAGR · 10 yrs +27.4%
| Fiscal year | Goodwill ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 166 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 197 | +18.4% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 204 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 427 | +109.6% | Cons. · IFRS |
| FYE Dec 2020 | 424 | −0.7% | Cons. · IFRS |
| FYE Dec 2021 | 653 | +53.9% | Cons. · IFRS |
| FYE Dec 2022 | 826 | +26.5% | Cons. · IFRS |
| FYE Dec 2023 | 898 | +8.7% | Cons. · IFRS |
| FYE Dec 2024 | 969 | +7.9% | Cons. · IFRS |
| FYE Dec 2025 | 1,469 | +51.6% | Cons. · IFRS |
Equity ratio
FYE Dec 2025 44.4%
Average · 10 yrs 46.2%
| Fiscal year | Equity ratio % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 57.2 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 54.8 | −2.4pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 53.5 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 28.3 | −25.3pp | Cons. · IFRS |
| FYE Dec 2020 | 27.0 | −1.2pp | Cons. · IFRS |
| FYE Dec 2021 | 48.6 | +21.6pp | Cons. · IFRS |
| FYE Dec 2022 | 46.8 | −1.8pp | Cons. · IFRS |
| FYE Dec 2023 | 49.7 | +2.9pp | Cons. · IFRS |
| FYE Dec 2024 | 51.2 | +1.5pp | Cons. · IFRS |
| FYE Dec 2025 | 44.4 | −6.8pp | Cons. · IFRS |
Debt-to-equity ratio D/E ratio
FYE Dec 2025 79.7%
Average · 10 yrs 56.5%
| Fiscal year | Debt-to-equity ratio % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 7.0 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 9.9 | +2.9pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 17.9 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 105.8 | +88.0pp | Cons. · IFRS |
| FYE Dec 2020 | 122.8 | +17.0pp | Cons. · IFRS |
| FYE Dec 2021 | 55.0 | −67.8pp | Cons. · IFRS |
| FYE Dec 2022 | 63.2 | +8.2pp | Cons. · IFRS |
| FYE Dec 2023 | 54.9 | −8.4pp | Cons. · IFRS |
| FYE Dec 2024 | 48.4 | −6.5pp | Cons. · IFRS |
| FYE Dec 2025 | 79.7 | +31.3pp | Cons. · IFRS |
ROE return on equity
FYE Dec 2025 10.1%
Average · 10 yrs 8.1%
| Fiscal year | ROE % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 7.3 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 7.4 | −0.0pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 6.8 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 8.8 | +2.0pp | Cons. · IFRS |
| FYE Dec 2020 | 10.1 | +1.3pp | Cons. · IFRS |
| FYE Dec 2021 | 7.1 | −3.0pp | Cons. · IFRS |
| FYE Dec 2022 | 7.0 | −0.2pp | Cons. · IFRS |
| FYE Dec 2023 | 8.8 | +1.8pp | Cons. · IFRS |
| FYE Dec 2024 | 8.0 | −0.8pp | Cons. · IFRS |
| FYE Dec 2025 | 10.1 | +2.1pp | Cons. · IFRS |
ROA return on assets
FYE Dec 2025 4.5%
Average · 10 yrs 3.7%
| Fiscal year | ROA % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 4.2 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 4.0 | −0.2pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 3.7 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 2.5 | −1.2pp | Cons. · IFRS |
| FYE Dec 2020 | 2.7 | +0.2pp | Cons. · IFRS |
| FYE Dec 2021 | 3.5 | +0.7pp | Cons. · IFRS |
| FYE Dec 2022 | 3.3 | −0.2pp | Cons. · IFRS |
| FYE Dec 2023 | 4.4 | +1.1pp | Cons. · IFRS |
| FYE Dec 2024 | 4.1 | −0.3pp | Cons. · IFRS |
| FYE Dec 2025 | 4.5 | +0.4pp | Cons. · IFRS |
Asset turnover
FYE Dec 2025 0.44×
CAGR · 10 yrs −2.8%
| Fiscal year | Asset turnover × | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 0.57 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 0.66 | +15.8% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 0.67 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 0.47 | −30.2% | Cons. · IFRS |
| FYE Dec 2020 | 0.48 | +2.2% | Cons. · IFRS |
| FYE Dec 2021 | 0.51 | +6.7% | Cons. · IFRS |
| FYE Dec 2022 | 0.54 | +5.0% | Cons. · IFRS |
| FYE Dec 2023 | 0.53 | −0.8% | Cons. · IFRS |
| FYE Dec 2024 | 0.53 | +0.4% | Cons. · IFRS |
| FYE Dec 2025 | 0.44 | −17.3% | Cons. · IFRS |
Cash flow statement Cash from operations, investment and financing, and what is left on hand
The three cash flows
¥ bnCash against debt
¥ bnOperating cash flow
FYE Dec 2025 ¥188bn
CAGR · 10 yrs +10.3%
| Fiscal year | Operating cash flow ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 77.9 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 79.3 | +1.7% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 59.2 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 92.1 | +55.6% | Cons. · IFRS |
| FYE Dec 2020 | 87.6 | −4.8% | Cons. · IFRS |
| FYE Dec 2021 | 67.4 | −23.1% | Cons. · IFRS |
| FYE Dec 2022 | 112 | +66.6% | Cons. · IFRS |
| FYE Dec 2023 | 190 | +68.9% | Cons. · IFRS |
| FYE Dec 2024 | 167 | −11.8% | Cons. · IFRS |
| FYE Dec 2025 | 188 | +12.0% | Cons. · IFRS |
Investing cash flow
FYE Dec 2025 -¥322bn
Average · 10 yrs -¥142bn
| Fiscal year | Investing cash flow ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | -42.7 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | -101 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2018 | -37.4 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | -353 | n/a | Cons. · IFRS |
| FYE Dec 2020 | -35.4 | n/a | Cons. · IFRS |
| FYE Dec 2021 | -102 | n/a | Cons. · IFRS |
| FYE Dec 2022 | -165 | n/a | Cons. · IFRS |
| FYE Dec 2023 | -116 | n/a | Cons. · IFRS |
| FYE Dec 2024 | -148 | n/a | Cons. · IFRS |
| FYE Dec 2025 | -322 | n/a | Cons. · IFRS |
Financing cash flow
FYE Dec 2025 ¥255bn
Average · 10 yrs ¥57bn
| Fiscal year | Financing cash flow ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | -8.6 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | -11.4 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2018 | 8.6 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 254 | +2842.7% | Cons. · IFRS |
| FYE Dec 2020 | 60.9 | −76.0% | Cons. · IFRS |
| FYE Dec 2021 | -62.3 | −202.4% | Cons. · IFRS |
| FYE Dec 2022 | 146 | n/a | Cons. · IFRS |
| FYE Dec 2023 | -38.7 | −126.5% | Cons. · IFRS |
| FYE Dec 2024 | -37.4 | n/a | Cons. · IFRS |
| FYE Dec 2025 | 255 | n/a | Cons. · IFRS |
Cash and equivalents
FYE Dec 2025 ¥424bn
CAGR · 10 yrs +13.6%
| Fiscal year | Cash and equivalents ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 135 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 101 | −25.2% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 128 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 123 | −4.0% | Cons. · IFRS |
| FYE Dec 2020 | 232 | +88.3% | Cons. · IFRS |
| FYE Dec 2021 | 139 | −40.2% | Cons. · IFRS |
| FYE Dec 2022 | 243 | +74.8% | Cons. · IFRS |
| FYE Dec 2023 | 290 | +19.4% | Cons. · IFRS |
| FYE Dec 2024 | 288 | −0.5% | Cons. · IFRS |
| FYE Dec 2025 | 424 | +47.2% | Cons. · IFRS |
Free cash flow
FYE Dec 2025 -¥134bn
Average · 10 yrs -¥30bn
| Fiscal year | FCF ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 35.2 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | -21.4 | −160.8% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 21.8 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | -261 | −1294.6% | Cons. · IFRS |
| FYE Dec 2020 | 52.2 | n/a | Cons. · IFRS |
| FYE Dec 2021 | -34.9 | −166.9% | Cons. · IFRS |
| FYE Dec 2022 | -52.8 | n/a | Cons. · IFRS |
| FYE Dec 2023 | 73.8 | n/a | Cons. · IFRS |
| FYE Dec 2024 | 19.3 | −73.8% | Cons. · IFRS |
| FYE Dec 2025 | -134 | −796.9% | Cons. · IFRS |
Operating cash flow margin
FYE Dec 2025 10.6%
Average · 10 yrs 11.3%
| Fiscal year | OCF margin % | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 16.6 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 13.1 | −3.5pp | Cons. · Japanese GAAP |
| FYE Dec 2018 | 9.4 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | 13.3 | +3.9pp | Cons. · IFRS |
| FYE Dec 2020 | 11.3 | −2.0pp | Cons. · IFRS |
| FYE Dec 2021 | 6.8 | −4.6pp | Cons. · IFRS |
| FYE Dec 2022 | 8.6 | +1.8pp | Cons. · IFRS |
| FYE Dec 2023 | 13.2 | +4.6pp | Cons. · IFRS |
| FYE Dec 2024 | 10.2 | −2.9pp | Cons. · IFRS |
| FYE Dec 2025 | 10.6 | +0.4pp | Cons. · IFRS |
Net cash
FYE Dec 2025 -¥998bn
Average · 10 yrs -¥321bn
| Fiscal year | Net cash ¥ bn | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 102 | n/a | Cons. · Japanese GAAP |
| FYE Dec 2017 | 50.5 | −50.2% | Cons. · Japanese GAAP |
| FYE Dec 2018 | 39.0 | moved to IFRS | Cons. · IFRS |
| FYE Dec 2019 | -319 | −918.1% | Cons. · IFRS |
| FYE Dec 2020 | -304 | n/a | Cons. · IFRS |
| FYE Dec 2021 | -384 | n/a | Cons. · IFRS |
| FYE Dec 2022 | -479 | n/a | Cons. · IFRS |
| FYE Dec 2023 | -450 | n/a | Cons. · IFRS |
| FYE Dec 2024 | -472 | n/a | Cons. · IFRS |
| FYE Dec 2025 | -998 | n/a | Cons. · IFRS |
Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples
Market capitalisation
FYE Dec 2025 ¥2.49tn
Change · 10 yrs +¥1.45tn
| Fiscal year | Market capitalisation ¥ bn | Basis |
|---|---|---|
| FYE Dec 2016 | 1,036 | n/a |
| FYE Dec 2017 | 929 | n/a |
| FYE Dec 2018 | 979 | n/a |
| FYE Dec 2019 | 1,837 | n/a |
| FYE Dec 2020 | 3,689 | n/a |
| FYE Dec 2021 | 2,970 | n/a |
| FYE Dec 2022 | 2,461 | n/a |
| FYE Dec 2023 | 2,703 | n/a |
| FYE Dec 2024 | 2,427 | n/a |
| FYE Dec 2025 | 2,490 | n/a |
Share price year-end close
FYE Dec 2025 1,050¥
Change · 10 yrs −2,135¥
| Fiscal year | Share price ¥ | Basis |
|---|---|---|
| FYE Dec 2016 | 3,185 | n/a |
| FYE Dec 2017 | 2,854 | n/a |
| FYE Dec 2018 | 3,009 | n/a |
| FYE Dec 2019 | 5,645 | n/a |
| FYE Dec 2020 | 11,335 | n/a |
| FYE Dec 2021 | 1,253 | n/a |
| FYE Dec 2022 | 1,038 | n/a |
| FYE Dec 2023 | 1,140 | n/a |
| FYE Dec 2024 | 1,024 | n/a |
| FYE Dec 2025 | 1,050 | n/a |
EPS earnings per share
FYE Dec 2025 76.66¥
Change · 10 yrs −31.82¥
| Fiscal year | EPS ¥ | Basis |
|---|---|---|
| FYE Dec 2016 | 108.48 | Cons. |
| FYE Dec 2017 | 30.75 | Cons. |
| FYE Dec 2018 | 28.28 | Cons. |
| FYE Dec 2019 | 22.90 | Cons. |
| FYE Dec 2020 | 27.38 | Cons. |
| FYE Dec 2021 | 29.41 | Cons. |
| FYE Dec 2022 | 33.82 | Cons. |
| FYE Dec 2023 | 50.45 | Cons. |
| FYE Dec 2024 | 53.60 | Cons. |
| FYE Dec 2025 | 76.66 | Cons. |
BPS book value per share
FYE Dec 2025 752.85¥
Change · 10 yrs −702.03¥
| Fiscal year | BPS ¥ | Basis |
|---|---|---|
| FYE Dec 2016 | 1,454.89 | Cons. · Japanese GAAP |
| FYE Dec 2017 | 1,550.31 | Cons. · Japanese GAAP |
| FYE Dec 2018 | 1,540.24 | Cons. · IFRS |
| FYE Dec 2019 | 1,284.15 | Cons. · IFRS |
| FYE Dec 2020 | 1,340.46 | Cons. · IFRS |
| FYE Dec 2021 | 400.90 | Cons. · IFRS |
| FYE Dec 2022 | 481.88 | Cons. · IFRS |
| FYE Dec 2023 | 568.87 | Cons. · IFRS |
| FYE Dec 2024 | 662.98 | Cons. · IFRS |
| FYE Dec 2025 | 752.85 | Cons. · IFRS |
PER price-to-earnings ratio
FYE Dec 2025 13.70×
Average · 10 yrs 34.00×
| Fiscal year | PER × | Basis |
|---|---|---|
| FYE Dec 2016 | 29.36 | Cons. |
| FYE Dec 2017 | 23.20 | Cons. |
| FYE Dec 2018 | 26.60 | Cons. |
| FYE Dec 2019 | 49.30 | Cons. |
| FYE Dec 2020 | 82.80 | Cons. |
| FYE Dec 2021 | 42.60 | Cons. |
| FYE Dec 2022 | 30.70 | Cons. |
| FYE Dec 2023 | 22.60 | Cons. |
| FYE Dec 2024 | 19.10 | Cons. |
| FYE Dec 2025 | 13.70 | Cons. |
PBR price-to-book ratio
FYE Dec 2025 1.36×
Average · 10 yrs 2.65×
| Fiscal year | PBR × | Basis |
|---|---|---|
| FYE Dec 2016 | 2.18 | Cons. |
| FYE Dec 2017 | 2.24 | Cons. |
| FYE Dec 2018 | 2.32 | Cons. |
| FYE Dec 2019 | 3.27 | Cons. |
| FYE Dec 2020 | 6.41 | Cons. |
| FYE Dec 2021 | 3.07 | Cons. |
| FYE Dec 2022 | 2.12 | Cons. |
| FYE Dec 2023 | 1.97 | Cons. |
| FYE Dec 2024 | 1.51 | Cons. |
| FYE Dec 2025 | 1.36 | Cons. |
Workforce and productivity Headcount, pay and what each employee accounts for
Group employees
FYE Dec 2025 38,481people
Change · 10 yrs +21,609 people
| Fiscal year | Group employees people | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 16,872 | n/a | Cons. |
| FYE Dec 2017 | 20,257 | +20.1% | Cons. |
| FYE Dec 2018 | 20,244 | −0.1% | Cons. |
| FYE Dec 2019 | 25,970 | +28.3% | Cons. |
| FYE Dec 2020 | 27,318 | +5.2% | Cons. |
| FYE Dec 2021 | 30,247 | +10.7% | Cons. |
| FYE Dec 2022 | 33,763 | +11.6% | Cons. |
| FYE Dec 2023 | 34,393 | +1.9% | Cons. |
| FYE Dec 2024 | 38,562 | +12.1% | Cons. |
| FYE Dec 2025 | 38,481 | −0.2% | Cons. |
Parent-company employees
FYE Dec 2025 49people
Change · 10 yrs −175 people
| Fiscal year | Parent-company employees people | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 224 | n/a | Parent |
| FYE Dec 2017 | 230 | +2.7% | Parent |
| FYE Dec 2018 | 210 | −8.7% | Parent |
| FYE Dec 2019 | 243 | +15.7% | Parent |
| FYE Dec 2020 | 342 | +40.7% | Parent |
| FYE Dec 2021 | 404 | +18.1% | Parent |
| FYE Dec 2022 | 51 | −87.4% | Parent |
| FYE Dec 2023 | 54 | +5.9% | Parent |
| FYE Dec 2024 | 50 | −7.4% | Parent |
| FYE Dec 2025 | 49 | −2.0% | Parent |
Average annual pay parent company
FYE Dec 2025 ¥10.4m
Change · 10 yrs +¥2.4m
| Fiscal year | Average annual pay ¥ m | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 8.1 | n/a | Parent |
| FYE Dec 2017 | 7.8 | −3.7% | Parent |
| FYE Dec 2018 | 8.1 | +3.6% | Parent |
| FYE Dec 2019 | 7.8 | −3.6% | Parent |
| FYE Dec 2020 | 8.3 | +7.1% | Parent |
| FYE Dec 2021 | 9.0 | +7.9% | Parent |
| FYE Dec 2022 | 10.7 | +19.4% | Parent |
| FYE Dec 2023 | 9.8 | −8.9% | Parent |
| FYE Dec 2024 | 10.8 | +10.9% | Parent |
| FYE Dec 2025 | 10.4 | −3.6% | Parent |
Average age
FYE Dec 2025 42.6years
Change · 7 yrs −0.4 years
| Fiscal year | Average age years | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | n/a | n/a | Parent |
| FYE Dec 2017 | n/a | n/a | Parent |
| FYE Dec 2018 | n/a | n/a | Parent |
| FYE Dec 2019 | 43.0 | n/a | Parent |
| FYE Dec 2020 | 42.7 | −0.7% | Parent |
| FYE Dec 2021 | 43.6 | +2.1% | Parent |
| FYE Dec 2022 | 41.1 | −5.7% | Parent |
| FYE Dec 2023 | 41.8 | +1.7% | Parent |
| FYE Dec 2024 | 42.4 | +1.4% | Parent |
| FYE Dec 2025 | 42.6 | +0.5% | Parent |
Average length of service
FYE Dec 2025 11.3years
Change · 10 yrs −5.0 years
| Fiscal year | Average length of service years | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 16.3 | n/a | Parent |
| FYE Dec 2017 | 15.6 | −4.3% | Parent |
| FYE Dec 2018 | 16.2 | +3.8% | Parent |
| FYE Dec 2019 | 14.6 | −9.9% | Parent |
| FYE Dec 2020 | 13.4 | −8.2% | Parent |
| FYE Dec 2021 | 11.6 | −13.4% | Parent |
| FYE Dec 2022 | 8.5 | −26.7% | Parent |
| FYE Dec 2023 | 10.6 | +24.7% | Parent |
| FYE Dec 2024 | 10.8 | +1.9% | Parent |
| FYE Dec 2025 | 11.3 | +4.6% | Parent |
Temporary employees
FYE Dec 2025 9,528people
Change · 5 yrs +2,685 people
| Fiscal year | Temporary employees people | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | n/a | n/a | n/a |
| FYE Dec 2017 | n/a | n/a | n/a |
| FYE Dec 2018 | n/a | n/a | n/a |
| FYE Dec 2019 | n/a | n/a | n/a |
| FYE Dec 2020 | n/a | n/a | n/a |
| FYE Dec 2021 | 6,843 | n/a | n/a |
| FYE Dec 2022 | 7,367 | +7.7% | n/a |
| FYE Dec 2023 | 8,030 | +9.0% | n/a |
| FYE Dec 2024 | 9,095 | +13.3% | n/a |
| FYE Dec 2025 | 9,528 | +4.8% | n/a |
Revenue per employee
FYE Dec 2025 ¥46.1m
Change · 10 yrs +¥18.2m
| Fiscal year | Revenue per employee ¥ m | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 27.9 | n/a | Cons. |
| FYE Dec 2017 | 29.9 | +7.2% | Cons. |
| FYE Dec 2018 | 31.0 | n/a | Cons. |
| FYE Dec 2019 | 26.6 | −14.1% | Cons. |
| FYE Dec 2020 | 28.3 | +6.1% | Cons. |
| FYE Dec 2021 | 33.0 | +16.7% | Cons. |
| FYE Dec 2022 | 38.8 | +17.5% | Cons. |
| FYE Dec 2023 | 41.9 | +8.2% | Cons. |
| FYE Dec 2024 | 42.5 | +1.3% | Cons. |
| FYE Dec 2025 | 46.1 | +8.5% | Cons. |
Operating profit per employee
FYE Dec 2025 ¥6.7m
Change · 10 yrs +¥2.4m
| Fiscal year | OP per employee ¥ m | YoY | Basis |
|---|---|---|---|
| FYE Dec 2016 | 4.3 | n/a | Cons. |
| FYE Dec 2017 | 3.7 | −13.9% | Cons. |
| FYE Dec 2018 | 4.3 | n/a | Cons. |
| FYE Dec 2019 | 3.0 | −29.7% | Cons. |
| FYE Dec 2020 | 3.2 | +6.7% | Cons. |
| FYE Dec 2021 | 2.9 | −9.7% | Cons. |
| FYE Dec 2022 | 3.3 | +14.4% | Cons. |
| FYE Dec 2023 | 4.9 | +48.1% | Cons. |
| FYE Dec 2024 | 4.8 | −1.6% | Cons. |
| FYE Dec 2025 | 6.7 | +38.4% | Cons. |
Disclaimer
- Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
- Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.
Accuracy, liability, reuse and privacy — the full disclaimer →
Data API
Nippon Paint Holdings’s history, presidents and financials
are published as static JSON — no key, plain GET. One API per
public page, and one per section where a page carries several tables.
Full specification →
/api/4612/company.json ·/api/4612/history.json ·/api/4612/ceo.json ·/api/4612/financials.json ·/api/4612/financials/segment.json ·/api/4612/financials/pl.json ·/api/4612/financials/cf.json ·/api/4612/financials/bs.json ·/api/4612/financials/employee.json ·/api/4612/financials/stock.json ·/api/4612/financials.csv ·/api/4612/financials_history.csv
/api/companies.json ·/api/decisions.json ·/api/api-manifest.json