Nippon Paint Holdings Co., Ltd. (TYO: 4612)

Nippon Paint Holdings Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,579,443	1,442,574	1,309,021	998,276	781,146	692,009
Revenue Growth (YoY)	11.62%	10.20%	31.13%	27.80%	12.88%	10.25%
Cost of Revenue	942,289	866,449	821,487	619,953	457,685	416,359
Gross Profit	637,154	576,125	487,534	378,323	323,461	275,650
Selling, General & Admin	467,554	420,247	383,367	294,322	238,319	190,435
Other Operating Expenses	-1,592	-5,182	-2,873	-372	1,033	-1,694
Operating Expenses	465,962	415,065	380,494	293,950	239,352	188,741
Operating Income	171,192	161,060	107,040	84,373	84,109	86,909
Interest Expense	-11,414	-8,838	-8,363	-5,594	-5,663	-4,782
Interest & Investment Income	6,869	6,141	4,233	3,912	4,513	4,639
Earnings From Equity Investments	535	201	-577	2,186	1,649	1,438
Currency Exchange Gain (Loss)	42	42	289	-177	1,059	-120
Other Non Operating Income (Expenses)	2,006	2,007	2,289	3,131	3,502	737
EBT Excluding Unusual Items	169,230	160,613	104,911	87,831	89,169	88,821
Merger & Restructuring Charges	-	-	-2,206	-	-	-
Impairment of Goodwill	-	-	21	1,528	-	-
Gain (Loss) on Sale of Investments	568	568	281	-1,498	483	1,093
Gain (Loss) on Sale of Assets	1,305	1,305	1,486	-1,395	-667	919
Asset Writedown	-987	-987	-	-	-272	-11,315
Pretax Income	170,116	161,499	104,493	86,466	88,713	79,518
Income Tax Expense	45,592	42,502	25,042	19,245	20,539	23,251
Earnings From Continuing Operations	124,524	118,997	79,451	67,221	68,174	56,267
Earnings From Discontinued Operations	-	-	-	890	-	-
Net Income to Company	124,524	118,997	79,451	68,111	68,174	56,267
Minority Interest in Earnings	-1,289	-521	-33	-542	-23,526	-19,550
Net Income	123,235	118,476	79,418	67,569	44,648	36,717
Net Income to Common	123,235	118,476	79,418	67,569	44,648	36,717
Net Income Growth	4.72%	49.18%	17.54%	51.34%	21.60%	-19.04%
Shares Outstanding (Basic)	2,349	2,349	2,348	2,297	1,604	1,604
Shares Outstanding (Diluted)	2,349	2,349	2,349	2,297	1,604	1,604
Shares Change (YoY)	0.00%	0.01%	2.22%	43.20%	0.02%	0.02%
EPS (Basic)	52.47	50.45	33.82	29.41	27.83	22.90
EPS (Diluted)	52.46	50.44	33.82	29.41	27.83	22.89
EPS Growth	4.69%	49.15%	14.98%	5.70%	21.57%	-19.05%
Free Cash Flow	96,739	154,103	74,909	32,500	63,347	69,312
Free Cash Flow Per Share	41.19	65.61	31.90	14.15	39.48	43.21
Dividend Per Share	15.000	14.000	11.000	9.000	9.000	9.000
Dividend Growth	25.00%	27.27%	22.22%	0%	0%	0%
Gross Margin	-	39.94%	37.24%	37.90%	41.41%	39.83%
Operating Margin	10.84%	11.16%	8.18%	8.45%	10.77%	12.56%
Profit Margin	7.80%	8.21%	6.07%	6.77%	5.72%	5.31%
Free Cash Flow Margin	6.12%	10.68%	5.72%	3.26%	8.11%	10.02%
EBITDA	231,484	213,335	154,156	118,262	113,630	112,678
EBITDA Margin	-	14.79%	11.78%	11.85%	14.55%	16.28%
D&A For EBITDA	60,292	52,275	47,116	33,889	29,521	25,769
EBIT	171,192	161,060	107,040	84,373	84,109	86,909
EBIT Margin	-	11.16%	8.18%	8.45%	10.77%	12.56%
Effective Tax Rate	-	26.32%	23.97%	22.26%	23.15%	29.24%

Source: S&P Capital IQ. Standard template. Financial Sources.