The earnings call reflected a mixed performance with record revenue but a decline in operating profit. While there were positive signs in some regions like the Pacific and Indonesia, challenges in China and Europe highlighted difficulties in certain markets. The company remains optimistic about future quarters with strategic cost management and market expansion.
Company Guidance
During the Q3 2024 earnings call for Nippon Paint Holdings, Yuichiro Wakatsuki, the company's President, provided guidance on future performance expectations. For Q4, the company anticipates a 15% increase in revenue and operating profit on a Tanshin basis, driven by improvements in operational efficiency and personnel optimization in China. Despite a weakening yen and challenging conditions in some regions like China, Turkey, and Europe, the company expects to exceed its initial full-year forecast by approximately 2 percentage points in revenue and 0.5 to 1 percentage point in operating profit. The company also highlighted strategic moves such as cost reviews in China, with expected margin improvements, and the contribution of its Indian business to consolidated earnings from Q4. Additionally, they discussed the acquisition of AOC and its expected positive impact on EPS, while also acknowledging the challenges and potential in different regional markets.
Record Q3 Revenue
Achieved a record Q3 revenue of JPY 405.6 billion, up 3.2% year-on-year, indicating strong performance in a challenging market environment.
Positive Growth in NIPSEA China
NIPSEA China's decorative business saw TUC grow by 1% and total revenue increased by 2% on a non-GAAP basis despite a tough market environment.
Pacific Segment Growth
Sales in the Pacific region grew by 3.1% with margins improving by 1 percentage point due to small acquisitions in the adjacencies business.
Approval for Indian Business
Received approval from authorities for the Indian business, expected to contribute positively from Q4 onwards.
Indonesia Recovery
Indonesia showed signs of recovery with a 7.9% growth in Q3.
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Nippon Paint Holdings (JP:4612) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JP:4612 Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 14, 2024
¥1060.70
¥1028.45
-3.04%
Aug 08, 2024
¥910.48
¥893.01
-1.92%
May 15, 2024
¥1104.95
¥1105.94
+0.09%
Feb 14, 2024
¥1175.92
¥1171.98
-0.34%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nippon Paint Holdings (JP:4612) report earnings?
Nippon Paint Holdings (JP:4612) is schdueled to report earning on Feb 14, 2025, TBA Not Confirmed.
What is Nippon Paint Holdings (JP:4612) earnings time?
Nippon Paint Holdings (JP:4612) earnings time is at Feb 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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