# Nippon Paint Holdings vs Kansai Paint

> Unit: JPY millions (ratios in %)
> Periods: Nippon Paint Holdings = FY ending Dec 2025, consolidated, IFRS / Kansai Paint = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T20:36:33.365Z

| Metric | Nippon Paint Holdings | Kansai Paint |
| --- | ---: | ---: |
| Revenue | 1,774,231 | 589,795 |
| Operating income | 257,104 | 49,726 |
| Net income | 179,800 | 31,641 |
| COGS ratio | 57.7% | 67.6% |
| Operating margin | 14.5% | 8.4% |
| Net margin | 10.1% | 5.4% |
| FCF margin | 8.2% | 3.5% |
| Period | FY ending Dec 2025 | FY ending Mar 2026 |
| Source | S100XU2S | S100YHKQ |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Nippon Paint Holdings | Kansai Paint |
| --- | ---: | ---: |
| Revenue growth | 97.8 (23 peers) | 89.1 (23 peers) |
| Profitability | 97.8 (23 peers) | 71.7 (23 peers) |
| Cash conversion | 6.8 (22 peers) | 29.5 (22 peers) |
| Efficiency | 6.5 (23 peers) | 50 (23 peers) |
| Financial strength | — | 87.5 (4 peers) |

## Company details

- https://vizora.meequs.com/en/company/nippon-paint-holdings/md
- https://vizora.meequs.com/en/company/kansai-paint/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).