Consolidated Financial Results
for the Six Months Ended June 30, 2019
[IFRS]
August 8, 2019
Company name: NIPPON PAINT HOLDINGS CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 4612
URL: https://www.nipponpaint-holdings.com/
Representative: Tetsushi Tado, President & CEO, Representative Director of the Board
Contact: Ryosuke Tanaka, General Manager of Corporate Communications
Phone: +81-6-6455-9140
Scheduled date of filing the quarterly securities report: August 9, 2019
Scheduled date of commencing dividend payments: September 5, 2019
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended June 30, 2019 (January 1, 2019 to June 30,
2019)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Revenue
Operating profit
Profit before tax
ProfitSix months ended
Million yen%
Million yen%
Million yen%
Million yen%
June 30, 2019
312,424(0.3)
41,945(6.5)
42,409(7.2)
30,744 (8.5)
June 30, 2018313,217－44,871－45,691－
33,613－Six months ended
June 30, 2019
June 30, 2018

Profit attributable toowners of parent

Comprehensive
incomeMillion yen%

Million yen%

20,93923,814(12.1)－(3,628)13,762－－

Basic earnings per
share

Six months ended
June 30, 2019
June 30, 2018

Diluted earnings per
share

Yen

Yen

65.29
74.26

65.27
74.24

The Group has adopted IFRS starting from the fiscal year ended December 31, 2018. Accordingly, changes from the previous
corresponding period for the six months ended June 30, 2018 have not been provided.

(2) Consolidated Financial Position
Total assets
As of June 30, 2019
As of December 31, 2018

Total equity

Equity attributable
Equity attributableto owners of parent
to owners of parent
to total assets

Million yen

Million yen

Million yen%

991,029
953,988626,110647,618

502,495
520,04750.7
54.5

2. Dividends

Fiscal year ended
December 31, 2018
Fiscal year ending
December 31, 2019
Fiscal year ending
December 31, 2019 (Forecast)

Annual dividends
3rdquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

－

22.00

－

23.00

45.00

－

22.00
－

23.00

45.00

Year-end

Total

Note: Revision to the dividends forecast announced most recently: No
3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2019 (January 1, 2019 to
December 31, 2019)(% indicates changes from the previous corresponding period.)
Basic
Profit attributable
Revenue
Operating profit
Profit before tax
earnings
to owners of parent
per share%

Million yen%

Yen

Full year
640,000
2.0
77,000 (11.0)
78,000 (12.4)
Note: Revision to the financial results forecast announced most recently: No

Million yen%

Million yen%

Million yen

39,000(14.0)

121.60* Notes:(1) Changes in significant subsidiaries during the period under review: No(2) Changes in accounting policies and changes in accounting estimates
1) Changes in accounting policies required by IFRS: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2019: 325,402,443 shares
December 31, 2018: 325,402,443 shares2) Total number of treasury shares at the end of the period:
June 30, 2019: 4,672,550 shares
December 31, 2018: 4,689,703 shares
3) Average number of shares during the period:
Six months ended June 30, 2019: 320,717,506 shares
Six months ended June 30, 2018: 320,701,749 shares*These consolidated financial results are outside the scope of audit by Certified Public Accountants or auditing
corporations.
*Explanation of the proper use of financial results forecast and other notes(Caution concerning forward-looking statements)
The earnings forecasts and other forward-looking statements herein are based on information currently available to
the Company and certain assumptions that are judged to be reasonable, and the Company does not in any way
guarantee the achievement of the projections. Actual results, etc. may differ greatly from the forecast figuresdepending on various factors.

Table of Contents
1. Qualitative Information on Quarterly Financial Results for the Period under Review ....................... 2(1) Explanation of Operating Results ................................................................................................ 2(2) Explanation of Financial Position ................................................................................................ 3(3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information 3
2. Condensed Quarterly Consolidated Financial Statements and Primary Notes ................................... 4(1) Condensed Quarterly Consolidated Statements of Profit or Loss and Comprehensive Income ...... 4(2) Condensed Quarterly Consolidated Statement of Financial Position ............................................ 8(3) Condensed Quarterly Consolidated Statement of Changes in Equity .......................................... 10(4) Condensed Quarterly Consolidated Statement of Cash Flows .................................................... 12(5) Notes to Condensed Quarterly Consolidated Financial Statements ............................................. 13(Notes on going concern assumption) ................................................................................... 13(Changes in accounting policies) .......................................................................................... 13(Segment information) ......................................................................................................... 13(Significant subsequent events) ............................................................................................ 15

1

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
The period of consolidation for the six months ended June 30, 2019 is the six months from January to June
2019.
During the six months ended June 30, 2019, consolidated revenue of the Company and its group companies(collectively, the “Group”) decreased by 0.3% from the corresponding period of the previous year (the “previous
year”) to ¥312,424 million. Consolidated operating profit decreased by 6.5% from the previous year to ¥41,945
million due to a decrease in the subsidy income related to the removal of factories resulting from an environmental
regulation in China compared to the previous year. Consolidated profit before tax decreased by 7.2% from theprevious year to ¥42,409 million, and profit attributable to owners of parent decreased by 12.1% from theprevious year to ¥20,939 million.
Results by business segment are as follows.
Japan
In this region, net sales for automotive coatings were higher than the previous year due to factors such asfavorable shipments of premium design and high value-added coatings in addition to a higher number of
automobiles manufactured than the previous year. As for industrial coatings, net sales were higher than theprevious year due to factors such as continuously increased demand in line with restoration works following thenatural disasters that occurred in the previous year, although the number of new housing starts was at the samelevel as the previous year. As for trade-use paints, under solid market conditions, net sales were higher than theprevious year due to factors such as efforts to expand sales in the retail sector.
As a result, consolidated revenue for the Japan segment increased by 1.4% from the previous year to ¥90,136
million. Consolidated operating profit decreased by 7.2% from the previous year to ¥27,423 million due to factors
such as an increase in raw material prices and the recording of share acquisition-related expenses associated withthe corporate acquisition announced in April 2019. ¥13,409 million of dividend income from overseas groupcompanies (¥13,523 million in the previous year) is included in the consolidated operating profit. All of this
dividend income is eliminated as an internal transaction under “intersegment eliminations and other adjustments.”
Asia
In this region, net sales for automotive coatings were significantly lower than the previous year. The market
was sluggish due to factors including a significant decrease in the number of automobiles manufactured in China
from the previous year. Meanwhile, the number of automobiles manufactured in Thailand was higher than theprevious year. As for trade-use paints, which account for the highest ratio of business, net sales were higher thanthe previous year as a result of focusing on sales promotion activities for mainstay interior residential paints andachieving favorable sales of decorative paints for exterior in China, in spite of stagnant market conditions in
Singapore, etc.
As a result, consolidated revenue for the Asia segment decreased by 0.9% from the previous year to¥177,707 million. Consolidated operating profit increased by 0.1% from the previous year to ¥25,678 million
due to factors such as a decline in raw material prices, despite the subsidy income related to the removal offactories resulting from an environmental regulation in China for the previous year.
Americas
In this region, net sales for automotive coatings decreased from the previous year due to factors such as the
sluggish production of automobiles in the United States, a core region. In trade-use paints, net sales increased
from the previous year due to the sales expansion of high value-added products and an increase in the number ofshops.

2

As a result, consolidated revenue for the Americas segment increased by 0.1% from the previous year to¥37,786 million. Consolidated operating profit decreased by 8.9% from the previous year to ¥2,685 million due
to an increase in selling, general and administrative expenses resulting from factors such as a personnel increase.
Other
In this segment, regarding automotive coatings, consolidated revenue decreased by 7.0% from the previous
year to ¥6,794 million due to the effects of exchange rate in addition to the sluggish production of automobilesin the region, and consolidated operating loss was ¥430 million, compared to an operating profit of ¥209 million
in the previous year.

(2) Explanation of Financial Position
Total assets at the end of the second quarter of the fiscal year under review increased by ¥37,040 million
from the end of the previous fiscal year to ¥991,029 million. Current assets increased by ¥18,866 million fromthe end of the previous fiscal year mainly due to factors such as an increase in trade and other receivables, despitea decrease in cash and cash equivalents. Additionally, non-current assets increased by ¥18,174 million from theend of the previous fiscal year. The increase was primarily attributable to factors such as an increase in property,
plant and equipment in line with the application of IFRS 16.
Liabilities increased by ¥58,548 million from the end of the previous fiscal year to ¥364,919 million mainly
due to factors such as an increase in other financial liabilities in line with the application of IFRS 16 and forward
exchange contracts.
Equity decreased by ¥21,508 million from the end of the previous fiscal year to ¥626,110 million. This was
mainly attributable to factors such as a decrease in foreign currency translation adjustment and the recording ofreserve of cash flow hedges in line with forward exchange contracts, despite an increase in retained earnings dueto the recording of profit attributable to owners of parent.
As a result, equity attributable to owners of parent to total assets fell from 54.5% at the end of the previous
fiscal year to 50.7%.
(3) Explanation of Consolidated Financial Results Forecast and Other Forward-Looking Information
There are no revisions from consolidated financial results forecast for the full year ending December 31,
2019 announced on February 13, 2019.

3

2. Condensed Quarterly Consolidated Financial Statements and Primary Notes(1) Condensed Quarterly Consolidated Statements of Profit or Loss and Comprehensive Income
Condensed Quarterly Consolidated Statement of Profit or Loss
Six Months Ended June 30, 2019
(Million yen)
For the six months ended
June 30, 2018
Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expenses
Operating profit
Finance income
Finance costs
Share of profit of investments accounted forusing equity method
Profit before tax
Income taxes
ProfitProfit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share
Basic earnings per share (yen)Diluted earnings per share (yen)4

For the six months ended
June 30, 2019313,217(190,266)
122,951(82,718)
5,752(1,114)44,871
1,640(1,396)

312,424(188,837)
123,587(84,479)
3,716
(879)
41,9452,349(2,342)576

456

45,691(12,078)
33,61342,409(11,664)
30,744

23,814
9,799
33,61320,9399,805
30,744

74.26
74.24

65.29
65.27

Second Quarter Ended June 30, 2019
(Million yen)
Second quarter ended
June 30, 2018
Revenue
Cost of sales
Gross profit
Selling, general and administrative expenses
Other income
Other expenses
Operating profit
Finance income
Finance costs
Share of profit of investments accounted forusing equity method
Profit before tax
Income taxes
ProfitProfit attributable to
Owners of parent
Non-controlling interests
ProfitEarnings per share
Basic earnings per share (yen)Diluted earnings per share (yen)5Second quarter ended
June 30, 2019

164,047(99,655)
64,392(42,124)
1,284
(608)
22,9441,025(461)

165,065(99,376)
65,688(44,471)
1,127
(529)
21,815
1,403(1,365)329

178

23,838(6,320)17,51722,031(6,366)
15,665

12,134
5,382
17,517

10,2905,375
15,665

37.84
37.83

32.08
32.07

Condensed Quarterly Consolidated Statement of Comprehensive Income
Six Months Ended June 30, 2019
(Million yen)
For the six months ended
June 30, 2018

For the six months ended
June 30, 201933,61330,744(1,764)

291

23

(12)

(1,740)279(17,242)(13,966)－(20,311)

(867)

(374)

(18,109)(34,651)(19,850)
13,762(34,372)(3,628)

8,622
5,140
13,762(10,147)
6,519(3,628)

ProfitOther comprehensive income
Items that will not be reclassified subsequently to profit
or loss
Financial assets measured at fair value through othercomprehensive income
Remeasurements of defined benefit plans
Total of items that will not be reclassified subsequently
to profit or loss
Items that may be reclassified subsequently to profit orloss
Exchange differences on translation of foreign
operations
Cash flow hedges
Share of other comprehensive income of entities
accounted for using equity method
Total of items that may be reclassified subsequently to
profit or loss
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests
Comprehensive income6Second Quarter Ended June 30, 2019
(Million yen)
Second quarter ended
June 30, 2018
ProfitOther comprehensive income
Items that will not be reclassified subsequently to profit
or loss
Financial assets measured at fair value through othercomprehensive income
Remeasurements of defined benefit plans
Total of items that will not be reclassified subsequently
to profit or loss
Items that may be reclassified subsequently to profit orloss
Exchange differences on translation of foreign
operations
Cash flow hedges
Share of other comprehensive income of entities
accounted for using equity method
Total of items that may be reclassified subsequently to
profit or loss
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests
Comprehensive income

7

Second quarter ended
June 30, 2019

17,517

15,665

(108)

(200)

14

(15)

(94)

(216)

3,776

(19,483)－(20,311)

(172)

(384)

3,604

(40,178)

3,510
21,027(40,394)(24,729)

16,702
4,324
21,027(24,654)(74)(24,729)

(2) Condensed Quarterly Consolidated Statement of Financial Position
As ofDecember 31, 2018
AssetsCurrent assets
Cash and cash equivalents
Inventories
Trade and other receivables
Other financial assets
Other current assets
Subtotal
Assets held for sale
Total current assets
Non-current assets
Property, plant and equipment
Goodwill
Other intangible assets
Investments accounted for using equity method
Other financial assets
Other non-current assets
Deferred tax assets
Total non-current assets
Total assets

8(Million yen)
As ofJune 30, 2019

129,633
65,807179,269
59,7759,456
443,941272
444,214

119,21465,531
195,491
72,917
9,663
462,817263
463,081

140,550
203,722
95,496
11,61240,942
14,374
3,075
509,774
953,988

176,356
200,478
90,53010,94344,6001,856
3,182
527,948
991,029

As ofDecember 31, 2018

(Million yen)
As ofJune 30, 2019

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables
Bonds and borrowings
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Total current liabilities

121,999
51,583
5,050
4,735
992
31,415
215,776

129,389
56,05037,65810,5101,041
32,847
267,497

Non-current liabilities
Bonds and borrowings
Other financial liabilities
Retirement benefit liability
Provisions
Other non-current liabilities
Deferred tax liabilities
Total non-current liabilities

37,881
5,558
19,572385
1,209
25,98690,59329,78523,06919,166338
1,227
23,83397,421

Total liabilities

306,370

364,919

EquityShare capital
Capital surplus
Treasury shares
Retained earnings
Other components of equity
Total equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity

78,862
63,247(6,444)
390,287(5,905)520,047
127,570647,618
953,988

78,862
63,189(6,423)403,844(36,977)
502,495
123,614626,110
991,029－9

(3) Condensed Quarterly Consolidated Statement of Changes in Equity
For the Six Months Ended June 30, 2018 (From January 1, 2018 to June 30, 2018)(Million yen)
Equity attributable to owners of parent

Share capital

Balance as of January 1, 2018

CapitalsurplusTreasurysharesRetainedearnings

Other
components ofequityTotal

Noncontrollinginterests

Total equity

78,862

63,262(6,454)360,249

15,471

511,392

125,549

636,941

Profit－－－23,814－

23,814

9,799

33,613

Other comprehensive income

－

－

－

－

(15,191)(15,191)(4,658)(19,850)

Comprehensive income

－

－

－

23,814(15,191)

8,622

5,140

13,762

Purchase of treasury shares

－

－

(3)

－

－

(3)

－

(3)

Disposal of treasury shares

－

0

0

－

－

0

－

0

Dividends－－－(7,055)－(7,055)(12,297)(19,352)

Share-based payment transactions

－

－

－

－

17

17

－

17

Changes in ownership interest in
subsidiaries

－

(33)

－

－

－

(33)

(202)

(236)

Change in scope of consolidation

－

－

－

－

－

－

－

－

Transfer from other componentsof equity to retained earnings

－

－

－

81

(81)

－

－

－

Capital increase of subsidiaries

－

－

－

－

－

－

－

－

Other

－

－

－

－

－

－

(120)

(120)

Total transactions with owners

－

(33)

(3)

(6,973)(63)(7,075)(12,620)(19,695)

78,862

63,228(6,458)377,090216

512,939

118,069

631,009

Balance as of June 30, 201810

For the Six Months Ended June 30, 2019 (From January 1, 2019 to June 30, 2019)(Million yen)
Equity attributable to owners of parent

Share capital

Balance as of January 1, 2019

CapitalsurplusTreasurysharesRetainedearnings

Other
components ofequityTotal

Noncontrollinginterests

Total equity

78,862

63,247(6,444)

390,287(5,905)520,047

127,570647,618

Profit－－－20,939－20,9399,805

30,744

Other comprehensive income

－

－

－

－

(31,086)(31,086)(3,285)(34,372)

Comprehensive income

－

－

－

20,939(31,086)(10,147)

6,519(3,628)Purchase of treasury shares

－

－

(3)

－

－

(3)

－

(3)

Disposal of treasury shares

－

52

24

－

－

76

－

76

Dividends－－－(7,376)－(7,376)(12,047)(19,424)

Share-based payment transactions

－

－

－

－

8

8

－

8

Changes in ownership interest in
subsidiaries

－

(109)

－

－

－

(109)

51

(57)

Change in scope of consolidation

－

－

－

－

－

－

24

24

Transfer from other componentsof equity to retained earnings

－

－

－

(6)

6

－

－

－

Capital increase of subsidiaries

－

－

－

－

－

－

1,600

1,600

Other

－

－

－

－

－

－

(104)

(104)

Total transactions with owners

－

(57)

21

(7,382)

14(7,404)(10,475)(17,880)

78,862

63,189(6,423)403,844(36,977)

502,495

123,614626,110

Balance as of June 30, 201911

(4) Condensed Quarterly Consolidated Statement of Cash Flows(Million yen)
For the six months ended
June 30, 2018
Cash flows from operating activities
Profit before tax
Depreciation and amortization
Interest and dividend income
Interest expenses
Share of loss (profit) of investments accounted forusing equity method
Loss (gain) on sale and retirement of property, plantand equipment, and intangible assets
Decrease (increase) in inventories
Decrease (increase) in trade and other receivables
Increase (decrease) in trade and other payables
Increase (decrease) in retirement benefit liability
Increase (decrease) in provisions
Other
SubtotalInterest received
Dividends received
Interest paid
Income taxes paid
Net cash provided by operating activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Net decrease (increase) in short-term investment
securities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments for sale of investments in subsidiaries
Payments for loans receivable
Other
Net cash used in investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Proceeds from issuance of shares
Dividends paid
Dividends paid to non-controlling interests
Other
Net cash used in financing activities
Effect of exchange rate changes on cash and cash
equivalents
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

12

For the six months ended
June 30, 201945,6919,376(1,048)580

42,40911,347(1,837)
1,615

(576)

(456)

(1,921)

153

454(18,676)
1,166
46(1,913)(5,335)27,844
534
998
(633)
(6,359)22,384(892)(20,855)
9,207
(351)
27
1,289
41,6571,312
1,293(1,356)(7,431)35,474258(4,082)

1,976(8,832)(10,003)
2,431
(761)
(42)
158
－
(316)
(2,090)(8,389)(9,910)320(1,059)(92)－(57)(5,751)(4,788)(34,254)79
327(7,053)－(7,055)(533)(559)(14,793)

10,014－(11,488)1,600(7,376)(1,005)(2,067)(10,323)(1,917)(1,315)(2,716)
101,876
99,159(10,419)
129,633
119,214(5) Notes to Condensed Quarterly Consolidated Financial Statements(Notes on going concern assumption)
There is no relevant information.
(Changes in accounting policies)
The major standard which the Group has applied from the three months ended March 31, 2019 is as follows.
IFRS
Details of new/amended standard
IFRS 16 “Leases”

For all leases of a lessee, in principle, the rights to use the assets and the obligations
associated with payments shall be reflected in the consolidated financial statements.

In applying IFRS 16, the Group has applied transitional provisions stipulated in paragraph C5 (b) andrecognized the cumulative effect of initial application at the date of initial application (January 1, 2019). Due totransition to IFRS 16, right-of-use assets increased by ¥32,985 million, lease liabilities increased by ¥20,860
million, and other non-current assets decreased by ¥12,429 million. Right-of-use assets and lease liabilities areincluded in property, plant and equipment and other financial liabilities (current and non-current), respectively.
The Group has used practical expedients stipulated in paragraph C10 (a)-(e) of IFRS 16 when applying IFRS
16 to leases previously classified as operating leases under IAS 17.

(Segment information)(1) Summary of reportable segments
The reportable segments of the Group categorize the business composition of the Group for which separate
financial information is available and are subject to periodical evaluation by the Board of Directors, which is thehighest decision-making body, in order to make decisions regarding management resource allocation andperformance assessment. The Group’s primary business is the manufacture and sale of paint for automotive,
general, industrial, and other uses, and fine chemicals. The Company and separate local companies are
responsible for domestic activities, and overseas, separate local companies are responsible for the Asia, North
America, and other regions. Each company is an individual management unit, and concerning which items tocarry, comprehensive strategic proposals are made for each region to foster business growth.
As a result, the Group consists of segments divided by region with manufacture and sales structure as a base,and the three reportable segments are “Japan,” “Asia,” and “Americas.”“Other” contains business activities by overseas subsidiaries in Europe, etc. Those business activities aremanaged individually, but are not material enough to be disclosed separately as an independent segment of theGroup.

13

(2) Performance by reportable segment
For the Six Months Ended June 30, 2018 (From January 1, 2018 to June 30, 2018)(Million yen)
Reportable segment
Other

Total

Condensed
quarterly
Adjustment
consolidated(Note)
financialstatements

Japan

Asia

Americas

Subtotal

Revenue from external customers

88,878179,299

37,733305,9107,307

313,217－313,217

Intersegment revenue

24,435

1,784

106

26,326382

26,708(26,708)－

113,313

181,083

37,839332,236

7,689

339,926(26,708)

313,217

29,56025,641

2,949

58,151

209

58,360(13,489)

44,871

Revenue

Total
Segment profit
Finance income

1,640

Finance costs
Share of profit of investments
accounted for using equity method(1,396)

Profit before tax

45,691576

Note: Adjustments to “intersegment revenue” and “segment profit” are primarily due to intersegment eliminations.

For the Six Months Ended June 30, 2019 (From January 1, 2019 to June 30, 2019)(Million yen)
Reportable segment
Other

Total

Condensed
quarterly
Adjustment
consolidated(Note)
financialstatements

Japan

Asia

Americas

Subtotal

Revenue from external customers

90,136

177,70737,786

305,630

6,794

312,424－

312,424

Intersegment revenue

23,4091,769

6825,247441

25,688(25,688)－

Total

113,546

179,476

37,855

330,878

7,235

338,113(25,688)

312,424

Segment profit (loss)

27,42325,6782,685

55,787(430)

55,357(13,412)41,945

Revenue

Finance income

2,349

Finance costs
Share of profit of investments
accounted for using equity method(2,342)

Profit before tax

42,409456

Note: Adjustments to “intersegment revenue” and “segment profit” are primarily due to intersegment eliminations.

14

(3) Information on products and services
For the Six Months Ended June 30, 2018 (From January 1, 2018 to June 30, 2018)(Million yen)
Japan

Asia

Americas

Other

Total

Paint business

84,436

175,911

36,217

6,932

303,498

Automotive paint22,59438,085

14,108

6,772

81,560Trade-use paint22,587

116,859

22,023－

161,470

Industrial paint19,493

14,022－

155

33,671Other paint19,762

6,944

84

4

26,795Fine chemical business

4,441

3,387

1,515

374

9,719

88,878179,299

37,733

7,307

313,217Total

For the Six Months Ended June 30, 2019 (From January 1, 2019 to June 30, 2019)(Million yen)
Japan

Asia

Americas

Other

Total

Paint business

85,739174,677

36,1986,303

302,919

Automotive paint23,34033,736

13,476

6,225

76,779Trade-use paint23,810119,912

22,634－

166,358

Industrial paint20,196

13,357－74

33,629Other paint18,391

7,670

87

3

26,152Fine chemical business

4,397

3,029

1,587

490

9,505

90,136

177,70737,786

6,794

312,424

Total(Significant subsequent events)
There is no relevant information.

15