Nippon Paint Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,858,785	1,774,231	1,638,720	1,442,574	1,309,021	998,276
Revenue Growth (YoY)	11.97%	8.27%	13.60%	10.20%	31.13%	27.80%
Cost of Revenue	1,066,094	1,023,995	981,275	866,449	821,487	619,953
Gross Profit	792,691	750,236	657,445	576,125	487,534	378,323
Selling, General & Admin	519,623	502,558	481,358	420,247	383,367	294,322
Other Operating Expenses	-9,523	-2,852	-3,749	-5,182	-2,873	-372
Operating Expenses	510,100	499,706	477,609	415,065	380,494	293,950
Operating Income	282,591	250,530	179,836	161,060	107,040	84,373
Interest Expense	-26,566	-21,718	-13,398	-8,838	-8,363	-5,594
Interest & Investment Income	17,153	14,581	9,953	6,141	4,233	3,912
Earnings From Equity Investments	2,321	2,108	2,569	201	-577	2,186
Currency Exchange Gain (Loss)	-	-1,162	-406	42	289	-177
Other Non Operating Income (Expenses)	-	3,375	1,185	2,007	2,289	3,131
EBT Excluding Unusual Items	275,499	247,714	179,739	160,613	104,911	87,831
Merger & Restructuring Charges	-4,272	-	-	-	-2,206	-
Impairment of Goodwill	-	-	1,469	-	21	1,528
Gain (Loss) on Sale of Investments	-	1,697	994	568	281	-1,498
Gain (Loss) on Sale of Assets	-	6,559	-69	1,305	1,486	-1,395
Asset Writedown	-	-5,407	-611	-987	-	-
Other Unusual Items	710	-	-	-	-	-
Pretax Income	271,937	250,563	181,522	161,499	104,493	86,466
Income Tax Expense	75,183	69,390	52,848	42,502	25,042	19,245
Earnings From Continuing Operations	196,754	181,173	128,674	118,997	79,451	67,221
Earnings From Discontinued Operations	-	-	-	-	-	890
Net Income to Company	196,754	181,173	128,674	118,997	79,451	68,111
Minority Interest in Earnings	-1,128	-1,373	-1,337	-521	-33	-542
Net Income	195,626	179,800	127,337	118,476	79,418	67,569
Net Income to Common	195,626	179,800	127,337	118,476	79,418	67,569
Net Income Growth	45.93%	41.20%	7.48%	49.18%	17.54%	51.34%
Shares Outstanding (Basic)	2,339	2,345	2,349	2,349	2,348	2,297
Shares Outstanding (Diluted)	2,339	2,345	2,349	2,349	2,349	2,297
Shares Change (YoY)	-0.42%	-0.14%	0.01%	0.01%	2.22%	43.20%
EPS (Basic)	83.65	76.66	54.22	50.45	33.82	29.41
EPS (Diluted)	83.64	76.66	54.21	50.44	33.82	29.41
EPS Growth	46.55%	41.41%	7.47%	49.15%	14.98%	5.70%
Free Cash Flow	183,380	145,013	118,404	154,103	74,909	32,500
Free Cash Flow Per Share	78.40	61.83	50.41	65.61	31.90	14.15
Dividend Per Share	16.000	16.000	15.000	14.000	11.000	9.000
Dividend Growth	6.67%	6.67%	7.14%	27.27%	22.22%	-
Gross Margin	42.65%	42.29%	40.12%	39.94%	37.24%	37.90%
Operating Margin	15.20%	14.12%	10.97%	11.16%	8.18%	8.45%
Profit Margin	10.52%	10.13%	7.77%	8.21%	6.07%	6.77%
Free Cash Flow Margin	9.87%	8.17%	7.22%	10.68%	5.72%	3.26%
EBITDA	358,796	320,593	243,529	213,335	154,156	118,262
EBITDA Margin	19.30%	18.07%	14.86%	14.79%	11.78%	11.85%
D&A For EBITDA	76,205	70,063	63,693	52,275	47,116	33,889
EBIT	282,591	250,530	179,836	161,060	107,040	84,373
EBIT Margin	15.20%	14.12%	10.97%	11.16%	8.18%	8.45%
Effective Tax Rate	27.65%	27.69%	29.11%	26.32%	23.96%	22.26%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.