Nippon Paint Holdings Co., Ltd. (NPPHY) Q3 2025 Earnings Call Transcript

Operator

Thank you very much for waiting. We would now like to start Nippon Paint Holdings conference call on FY 2025 Q3 financial results. We have some housekeeping announcements before we start. [Operator Instructions] This conference call has Japanese-English simultaneous interpretation.

Wakatsuki-san, Tanaka-san, over to you.

Yuichiro Wakatsuki
Representative Executive Officer, Co-President & Director

Thank you very much. Good afternoon, ladies and gentlemen. I am Wakatsuki, Co-President of Nippon Paint Holdings. Thank you very much for taking the time to join us today despite your busy schedules. I would now like to explain the outline of our FY 2025 Q3 financial results.

First, please turn to Page 2. Let me briefly explain the changes we’ve made to our disclosure starting this quarter. Regarding the background, as you know, I have held numerous meetings with investors and received various feedback directly and indirectly. And many investors, especially overseas institutional investors comparing us to peers, said that while many overseas issuers publish adjusted figures, excluding various adjustment items for comparison, Nippon Paint’s detailed disclosures are good, but often difficult to grasp at a glance. Some feedback also noted that the sheer volume of figures made it difficult to convey even very strong earnings results at first glance.

In response to these comments and with the primary