No. 4 Nippon Paint Holdings Co., Ltd.
Tokyo, Japan
(+81) 3-6433-0711
Director, Representative Executive Officers & Co-Presidents: Yuichiro Wakatsuki and Wee Siew Kim
2023 Coatings Sales: $10.2 billion USD (Exchange rate $=￥141.2, average, as reported by the company)
In operation since 1881, Nippon Paint Holdings Co., Ltd. (NPHD) is one of the world’s leading automotive and decorative paint suppliers. It produces coatings for the automotive, marine, and industrial markets. It also makes paints for residential and commercial buildings as well as the DIY market. While most sales come from paint, Nippon Paint also has a small section that sells fine chemicals and surface treatment products. The Nippon Paint Group also operates the paint-related business that supplies Sealants, Adhesives and Fillers (SAF), and Construction Chemicals (CC), as well as decorative films. While mainly located in Asia, it also has facilities in Europe, the Americas, and Oceania.
Sales in 2023 for automotive coatings were approximately $1.29 billion. Decorative paints accounted for approximately $6.44 billion in sales. Sales of industrial coatings were approximately $639 million, and other paint accounted for approximately $1.84 billion.
The company has two subsidiaries in the United States under Nippon Paint Group: Nippon Paint Automotive Americas, Inc., a market leader for automotive coatings; and Dunn-Edwards Corp., a manufacturer of architectural and industrial coatings. It also has a subsidiary in Mexico, Nippon Paint Automotive Coatings Mexico, serving the automotive coatings market.
Notes: In 2023, NPHD completed the acquisition of NPT, a manufacturer of sealants and adhesives in Europe. It also acquired Alina, a manufacturer of paint and dry-mix mortars (adjacencies) in Kazakhstan. In FY2024, the company is scheduled to buyback two India businesses (NPI and BNPA).
Source: Financial results of FY2023, Annual Report, Integrated Report 2023, press releases.
