NOTICE: For the convenience of capital market participants, NIPPON PAINT HOLDINGS CO., LTD.
makes efforts to provide English translations of the information disclosed in Japanese, provided thatthe original Japanese version prevails over its English translation version in the case of any
discrepancy found between the original and translation.

Consolidated Financial Results
for the Nine Months Ended December 31, 2014
[Japanese GAAP]
February 3, 2015
Company name: NIPPON PAINT HOLDINGS CO., LTD.
Stock exchange listing: Tokyo Stock Exchange
Code number: 4612
URL: http://www.nipponpaint-holdings.com/
Representative: Kenji Sakai, Representative Director and President
Contact: Tsutomu Akagi, Corporate Officer and Director of Corporate Administration
Phone: +81-6-6455-9141
Scheduled date of filing quarterly securities report: February 6, 2015
Scheduled date of commencing dividend payments: –Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2014 (April 1, 2014 to December 31,
2014)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating income
Ordinary income
Net income
Nine months ended
Million yen%
Million yen%
Million yen%
Million yen%
December 31, 2014
191,254(0.5)
23,992(2.5)
35,653(0.8)
173,088 601.6
December 31, 2013
192,296
9.4
24,601
20.3
35,95043.1
24,671
55.4
Note： Comprehensive income: Nine months ended December 31, 2014: ¥179,013 million [338.2%]
Nine months ended December 31, 2013: ¥40,852 million [139.9%]
Diluted net income
Net income per shareper share
Nine months ended
Yen
Yen
December 31, 2014
648.96
December 31, 2013
93.77
(2) Consolidated Financial Position
Total assets

Net assets

Million yen

Equity ratio

Million yen%

As of December 31, 2014
742,840
538,953
As of March 31, 2014
324,028
207,715
Reference： Equity: As of December 31, 2014: ¥464,480 million
As of March 31, 2014: ¥194,565 million

62.5
60.0

2. Dividends
1stquarter-end
Yen

2nd
quarter-end

Annual dividends
3rdquarter-end

Yen

Fiscal year ended March 31, 2014
8.00
Fiscal year ending March 31, 2015
10.00
Fiscal year ending March 31, 2015
(Forecast)
Note： Revision to the forecast for dividends announced most recently: No

Year-end

Total

Yen

Yen

Yen

-

12.00

20.00

10.00

20.00

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2015 (April 1, 2014 to March
31, 2015)(% indicates changes from the previous corresponding period.)
Net income
Net sales
Operating income
Ordinary income
Net income
per share%

Yen

Full year
262,000
0.5
34,0001.8
49,0004.6
181,000 462.9
Note： Revision to the financial results forecast announced most recently: Yes

Million yen%

Million yen%

Million yen%

Million yen

648.33* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting inchanges in scope of consolidation): Yes
New: 2 companies
Nippon Paint (H.K.) Co., Ltd.
Excluded: None
Nippon Paint China Holdings Co., Ltd.
(2) Accounting treatments adopted specially for the preparation of quarterly consolidated financial statements: Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2014: 325,402,443 shares
March 31, 2014: 265,402,443 shares2) Total number of treasury shares at the end of the period:
December 31, 2014: 4,692,676 shares
March 31, 2014: 4,678,873 shares
3) Average number of shares during the period:
Nine months ended December 31, 2014: 266,717,938 shares
Nine months ended December 31, 2013: 263,110,818 shares* Presentation regarding the implementation status of the quarterly review procedures
These quarterly financial results are outside the scope of quarterly review procedures under the Financial
Instruments and Exchange Act, and quarterly review procedures for the quarterly consolidated financial statements
are separately performed.
* Explanation of the proper use of financial results forecast and other notes
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. Actual results, etc. may differ greatly
from the forecast figures depending on various factors. For the assumptions underlying the forecasts andprecautions when using the forecasts, please refer to “Explanation of Consolidated Financial Results Forecast andOther Forward-looking Information” on page 3 of the Attachment.

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. Matters Concerning Summary Information (Notes) ................................................................................... ... 5(1) Changes in Significant Subsidiaries during the Nine Months ended December 31, 2014 ......................... 5(2) Accounting Treatments Adopted Specially for the Preparation of Quarterly Consolidated Financial
Statements .................................................................................................................................................. 5(3) Changes in Accounting Policies, Changes in Accounting Estimates and Retrospective Restatement ...... 5
3. Quarterly Consolidated Financial Statements ................................................................................................ 6(1) Quarterly Consolidated Balance Sheets ..................................................................................................... 6(2) Quarterly Consolidated Statements of Income and Comprehensive Income ............................................. 8(3) Notes to Quarterly Consolidated Financial Statements ............................................................................ 10(Notes on going concern assumption) ................................................................................................. 10(Notes in the case of significant changes in shareholders’ equity) ...................................................... 10(Segment information, etc.) ................................................................................................................. 111

1. Qualitative Information on Quarterly Financial Results for the Period under Review(1) Explanation of Operating Results
During the nine months ended December 31, 2014, consolidated net sales of NIPPON PAINT
HOLDINGS CO., LTD. (the “Company”) and its group companies (collectively, the “Group”) decreased by
0.5% from the corresponding period of the previous year (the “previous year”), to ¥191,254 million,
consolidated operating income decreased by 2.5% from the previous year, to ¥23,992 million due to rising raw
material costs and other factors, and consolidated ordinary income decreased by 0.8% from the previous year,to ¥35,653 million. Consolidated net income was up 601.6% from the previous year, to ¥173,088 million due toa gain on step acquisitions of ¥148,800 million recorded as extraordinary income, accompanying the making of
joint venture companies in the Asian region the Company’s subsidiaries through equity acquisition.
Results by business segment are as follows. Overseas group companies, with the exception of somecompanies, adopt a December fiscal year-end, and a corresponding period for the period under review is fromJanuary to September 2014.
Japan
In this region, while automobile production declined compared to the previous year, net sales ofautomotive coatings remained at the same level as the previous year. As for industrial coatings, performance of
coatings for construction machinery and other applications was strong, but a decline in sales of coatings forhousing materials and other factors led to lower net sales compared to the previous year. With respect to tradeuse paints, weak performance in the overall market caused net sales to fall compared to the previous year.
As a result of these factors, consolidated net sales for the Japan segment increased by 0.0% from theprevious year, to ¥137,874 million. Consolidated operating income decreased by 2.0% from the previous year,to ¥19,376 million due to factors such as a rise in raw material prices, despite the efforts of cost reduction
initiatives.
Asia
In this region, with regard to the consolidated subsidiary, net sales declined substantially in Thailand
reflecting the impact of the economic slowdown stemming from political instability. Meanwhile in China, net
sales of automotive paints for plastics grew on the back of an increase in sales volume of Japanese automobile
manufacturers.
As a result of these factors, consolidated net sales for this region decreased by 5.1% from the previous
year, to ¥32,232 million, and consolidated operating income increased by 6.8% from the previous year, to¥3,260 million.
With regard to entities accounted for using equity method, in China as a core of such entities, sales ofpaints for house interior continued to be favorable amid a slowdown in the real estate market, and ongoing
efforts were being made to reduce costs mainly of raw materials. Owing to these factors, profitability further
improved. As a result, share of profit of entities accounted for using equity method increased by 15.0% fromthe previous year, to ¥10,040 million.
North America
Regarding automotive coatings business operations in this region, net sales on a yen basis increased due tothe impact of foreign exchange rates, despite a decrease in net sales on a local currency basis caused by the cold
weather in January and February 2014 and the sale of a portion of unprofitable businesses at the end of theprevious fiscal year.
As a result, consolidated net sales for the North America segment increased by 3.2% from the previous
year, to ¥18,389 million, and consolidated operating income rose by 14.3% from the previous year, to ¥1,852
million.
2

OtherConsolidated net sales for this geographic segment increased by 1.3% from the previous year, to ¥2,758
million, and consolidated operating income decreased by 2.4% from the previous year, to ¥72 million.
Moreover, as a result of the acquisition of 39% of shares in a German paint manufacturer in the previous
fiscal year, share of profit or loss of entities accounted for using equity method for this region to be recorded
from the current fiscal year amounted to a loss of ¥73 million partly due to the expense of amortization of
goodwill.

(2) Explanation of Financial Position
Total assets at the end of the third quarter of the fiscal year under review increased by ¥418.81 billion
from the end of the previous fiscal year to ¥742.84 billion. The increase was mainly attributable to theconsolidation of eight joint venture companies between the Company and Wuthelam Holdings Ltd. and 38
subsidiaries of these companies, despite a decrease in cash and deposits resulting from the payment of income
taxes, cash dividends paid, and repayment of loans payable.
Liabilities increased by ¥87.57 billion from the end of the previous fiscal year to ¥203,887 million. The
increase was mainly attributable to the consolidation of eight joint venture companies between the Company
and Wuthelam Holdings Ltd. and 38 subsidiaries of these companies, despite the repayment of loans payable.
Net assets including minority interests increased by ¥331,240 million from the end of the previous fiscal
year to ¥538,953 million. This was mainly attributable to an increase in capital stock and capital surplus of¥51,150 million each due to a capital increase via a third-party allotment of shares conducted on December 5,
2014, in addition to an increase in retained earnings from the recording of net income and an increase inminority interests from the consolidation of eight joint venture companies between the Company and Wuthelam
Holdings Ltd. and 38 subsidiaries of these companies that were previously accounted for using the equity
method.
As a result, equity ratio rose from 60.0% at the end of the previous fiscal year to 62.5%.

(3) Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information
Concerning the full-year financial results forecast, net sales are forecast to be lower than the forecast
announced on May 9, 2014 due to factors such as weak demand for trade-use paints in the Japan segment andthe effects of the economic slowdown stemming from political instability in Thailand in the Asia segment being
unlikely to show recovery during the second half of the fiscal year.
Concerning ordinary income, results are expected to exceed forecast due to strong performance fromequity-method businesses, particularly in China, and foreign exchange gains resulting from a weak yen.
Additionally, as stated in “Notice of Making Joint Venture Companies in the Asian Region the Company’s
Subsidiaries Through Equity Acquisition and Conclusion of Issuance of New Shares Via Third-party
Allotment,” announced on December 8, 2014, the Company acquired majority ownership of eight joint venturecompanies between the Company and Wuthelam Holdings Ltd. located in China, Malaysia, and Singapore
through an equity acquisition on December 2, 2014. As a result, a “gain on step acquisitions” will arise fromthe reevaluation of equity that the Company has previously held in the eight joint venture companies, and theCompany recorded ¥148,800 million in extraordinary income.
Taking the above into account, the full-year financial results forecast will be revised as follows.

3Full-Year Consolidated Financial Results Forecast Figures for the Fiscal Year Ending March 31, 2015 (April 1,2014 to March 31, 2015)(Million yen, %)Net Sales
Operating Income
Ordinary Income
Net Income
Previously announced
270,000
34,50047,00032,500forecast (A)Revised Forecast (B)262,000
34,00049,000
181,000
Amount of change(8,000)(500)
2,000
148,500(B – A)
Rate of change (%)
(3.0)
(1.4)
4.3
456.9

4

2. Matters Concerning Summary Information (Notes)(1) Changes in Significant Subsidiaries during the Nine Months ended December 31, 2014
During the nine months ended December 31, 2014, an equity acquisition was conducted for eight joint
venture companies between the Company and Wuthelam Holdings Ltd. located in China, Malaysia, andSingapore, and as a result, the following eight companies and 38 subsidiaries of these companies are includedin the scope of consolidation.
Nippon Paint (H.K.) Co., Ltd.
Nippon Paint (China) Co., Ltd.
Guangzhou Nippon Paint Co., Ltd.
Nippon Paint (Chengdu) Co., Ltd.
Nippon Paint (Singapore) Co., Pte. Ltd.
Paint Marketing Co. (M) Sdn. Bhd.
Nippon Paint (Malaysia) Sdn. Bhd.
Nipsea Technologies Pte. Ltd.
and 38 other companies(2) Accounting Treatments Adopted Specially for the Preparation of Quarterly Consolidated Financial Statements(Special Accounting Treatments)
Calculation of tax expenses
Tax expenses have been calculated by multiplying income before income taxes and minority interests byan effective tax rate, which is reasonably estimated after the application of tax effect accounting to income
before income taxes and minority interests for the consolidated fiscal year including the third quarter of the
fiscal year under review.

(3) Changes in Accounting Policies, Changes in Accounting Estimates and Retrospective Restatement(Changes in Accounting Policies)
Effective from the first quarter of the fiscal year under review, the Company adopted the “Accounting Standard
for Retirement Benefits” (Accounting Standards Board of Japan (ASBJ) Statement No. 26, May 17, 2012;
hereinafter the “Retirement Benefits Accounting Standard”) and the “Guidance on Accounting Standard for
Retirement Benefits” (ASBJ Guidance No. 25, May 17, 2012; hereinafter the “Retirement Benefits Guidance”), forthe provisions prescribed in the main clause of Paragraph 35 of the Retirement Benefits Accounting Standard and themain clause of Paragraph 67 of the Retirement Benefits Guidance. Accordingly, the Company reviewed thecalculation methods of retirement benefit obligations and service costs, and changed the method for attributing
projected retirement benefits to periods from a straight-line basis to a benefit formula basis. Additionally, theCompany changed the method to determine the discount rate from a method using a discount rate based on aduration of bonds similar to the average remaining service period of an employee to a method using a single
weighted average discount rate that reflects the projected payment period of retirement benefits and the amountprojected for each payment period.
In adopting the Retirement Benefits Accounting Standard, etc., as of April 1, 2014, the effects of changes incalculation methods of retirement benefit obligations and service costs are added to or deducted from retained earnings,
pursuant to transitional treatment stipulated under Paragraph 37 of the Retirement Benefits Accounting Standard.
As a result, as of April 1, 2014, net defined benefit liability increased by ¥1,973 million, while retained
earnings decreased by ¥1,268 million. In addition, operating income, ordinary income, and income before income
taxes and minority interests for the nine months ended December 31, 2014 increased by ¥90 million, respectively.

53. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
As of March 31, 2014
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Inventories
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

6

As of December 31, 2014

43,591
86,714
28,611
4,712
9,033
(492)
172,171

96,228150,606
53,172
8,078
25,519
ሺ3,104)
330,500

27,43334,36761,801

41,03153,87094,901

10,984
3,699
14,684250,4267,265
257,692

72,025
1,888
1,972
(514)
75,371
151,857
324,028

53,648
1,172
5,415
(491)
59,745412,339742,840

(Million yen)
As of March 31, 2014
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term loans payable
Lease obligations
Income taxes payable
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for directors’ retirement benefits
Provision for environmental measures
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

7

As of December 31, 2014

45,026
11,82412,015281
6,442
15,462
91,052

81,162
13,112
12,938228
8,064
57,231
172,736

754
895
1,427
245
328
17,496
4,111
25,259116,312

1,529
1,116
2,991
241
310
18,248
6,712
31,150203,887

27,712
27,187140,270(6,389)188,782

78,86278,338306,355(6,425)457,131

6,827
(1)
2,618
(3,661)
5,783
13,149207,715
324,028

10,2858
82(3,027)
7,349
74,472538,953
742,840

(2) Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income
Nine Months Ended December 31(Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity method
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Restructuring cost
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on step acquisitions
Other
Total extraordinary income
Extraordinary losses
Loss on sales and retirement of non-current assets
Loss on revision of retirement benefit plan
Other
Total extraordinary losses
Income before income taxes and minority interests
Income taxes
Income before minority interests
Minority interests in income
Net income

For the nine months ended
December 31, 2013
192,296
122,484
69,81145,21024,601For the nine months ended
December 31, 2014
191,254
122,774
68,47944,48623,992

53
518
8,730
2,421
878
12,601

97
842
9,967
1,792
821
13,521

211
–
1,041
1,252
35,950

135
462
1,263
1,860
35,653

57
–
95
153

19
148,800
0
148,820

358
467
59
885
35,2188,724
26,493
1,822
24,671

106
–
47
154
184,319
9,360
174,958
1,870
173,0888

Quarterly Consolidated Statements of Comprehensive Income
Nine Months Ended December 31(Million yen)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities accounted
for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to minority interests

For the nine months ended
December 31, 2013
26,493For the nine months ended
December 31, 2014
174,958

5,037
2
3,909
–

3,900
21
5,978
632

5,409
14,35840,852(6,478)4,054
179,013

38,168
2,683

174,6544,359

9

(3) Notes to Quarterly Consolidated Financial Statements(Notes on going concern assumption)
There is no relevant information.

(Notes in the case of significant changes in shareholders’ equity)
I. For the nine months ended December 31, 2013
At a Board of Directors Meeting held on August 23, 2013, based on the terms of Article 156 of the Companies
Act, which is applied as a replacement under Article 165, Paragraph 3 of the same Act, the Company resolved topurchase treasury shares, and as a result of purchases made between September 2 and September 9, 2013,
3,942,000 shares of treasury shares were acquired (acquisition value of ¥5,998 million). As a result, treasury shares
as of the end of the third quarter of the fiscal year under review was ¥6,381 million (4,674,022 shares).
II. For the nine months ended December 31, 2014
On December 5, 2014, the Company received payment from Nipsea International Limited for a capital increase
via a third-party allotment of shares. As a result, during the third quarter of the fiscal year under review, capitalstock increased by ¥51,150 million and capital surplus increased by ¥51,150 million, causing capital stock to be¥78,862 million and capital surplus to be ¥78,338 million as of the end of the third quarter of the fiscal year underreview.
Additionally, during the third quarter of the fiscal year under review, additional equity was acquired in eight
joint venture companies between the Company and Wuthelam Holdings Ltd., and as a result, these eightcompanies and 38 subsidiaries of these companies are included in the scope of consolidation, causing theCompany to record a gain on step acquisitions, and an increase of ¥148,800 million in retained earnings.

10

(Segment information, etc.)[Segment information]
I. For the nine months ended December 31, 2013
1. Information on net sales and income (loss) by reportable segment(Million yen)Japan

Reportable segment
North
Asia
America

Subtotal

Other(Note)Total

Net sales
Net sales to outside customers
137,807
33,94817,818
189,573
2,723
192,296
Inter-segment net sales or transfers
9,429
2,339
90
11,858688
12,547
Total
147,236
36,287
17,908201,432
3,411
204,844
Segment income
19,7803,052
1,621
24,45474
24,528
Share of profit (loss) of entities
(0)
8,731
–
8,730
–
8,730
accounted for using equity method
Note: “Other” represents business segments that are not included in the reportable segments, and contains businessactivities by overseas subsidiaries in Europe, etc.
2. Difference between total reportable segment income (loss) and the amount recorded in the quarterly
consolidated statements of income, and major details of such difference (matters related to adjustments ofdifferences)(Million yen)
IncomeAmountTotal reportable segment income

24,454

Segment income from “Other”

74

Inter-segment transaction eliminations and otheradjustments
Operating income recorded in the quarterly consolidated
statements of income

72
24,601

3. Information regarding impairment loss on non-current assets or goodwill, etc. by reportable segment(Significant impairment loss on non-current assets)
Non-current assets for business use in the “Japan” segment that have become idle from deterioration, the bookvalues have been reduced to recoverable amounts, and the reductions in value have been recorded as impairment
loss in extraordinary losses.
The amount of impairment loss recorded during the nine months ended December 31, 2013 was ¥8 million.

11

4. Information on products and services(Million yen)

Change from the previous
year (%)

AmountNet sales to outside customers
Paints181,495

9.3

Automotive

68,994

12.9

Trade-use

37,50911.4

Industrial

35,649

7.5

Other paints

39,343

3.1

Fine chemicals

10,801

11.5

192,296

9.4

Total
Note: Consumption taxes are not included in these amounts.

II. For the nine months ended December 31, 2014
1. Information on net sales and income (loss) by reportable segment(Million yen)Japan

Reportable segment
North
Asia
America

Subtotal

Other(Note)Total

Net sales
Net sales to outside customers
137,874
32,232
18,389188,496
2,758
191,254
Inter-segment net sales or transfers
10,0833,002
104
13,190805
13,996
Total
147,958
35,234
18,494
201,687
3,563
205,250
Segment income
19,3763,260
1,852
24,48972
24,562
Share of profit (loss) of entities–
10,040–10,040(73)
9,967
accounted for using equity method
Note: “Other” represents business segments that are not included in the reportable segments, and contains
business activities by overseas subsidiaries in Europe, etc.
2. Difference between total reportable segment income (loss) and the amount recorded in the quarterly
consolidated statements of income, and major details of such difference (matters related to adjustments ofdifferences)(Million yen)
IncomeAmountTotal reportable segment income

24,489Segment income from “Other”

72

Inter-segment transaction eliminations and otheradjustments
Operating income recorded in the quarterly consolidated
statements of income(569)
23,992

3. Changes to reportable segments
As described in changes in accounting policies, the Company changed the method of calculating retirement
benefit obligations and service costs effective from the first quarter of the fiscal year under review, and12accordingly changed the method of calculating retirement benefit obligations and service costs for the businesssegments in the same manner.
As a result of these changes, segment income of “Japan” for the nine months ended December 31, 2014 has
increased by ¥90 million compared to that recorded using the previous method.
4. Information regarding impairment loss on non-current assets or goodwill, etc. by reportable segment(Significant changes to goodwill amounts)
In the “Asia” segment, additional equity was acquired from Wuthelam Holdings Ltd. in eight joint venturecompanies between the Company and Wuthelam Holdings Ltd., and these eight companies and 38 subsidiaries ofthese companies are included in the scope of consolidation.
The amount of goodwill that increased as a result of this event was ¥235,793 million for the nine months ended
December 31, 2014.
5. Information on products and services(Million yen)

Change from the previous
year (%)

AmountNet sales to outside customers
Paints179,614(1.0)

Automotive

68,053(1.4)

Trade-use

35,300(5.9)

Industrial

35,005(1.8)

Other paints

41,254

4.9

Fine chemicals

11,6397.8

191,254

(0.5)

Total
Note: Consumption taxes are not included in these amounts.

13