-Progress on the 17th Medium-Term Management Plan -Key Initiatives for FY2023
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１. Financial Results of FY2022
and FY2023 Plan
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Key Points for Financial Results of FY2022
Achieved the plan revised upward last November, and ordinary income and EBITDA reached a record high.
Ordinary income increased for the 5th consecutive fiscal year
Operating income increased approximately 7% excluding the impact of FX, etc.
Price pass-through has progressed steadily, with a 170% pass-through rate in the 4Q and 134% for the FY2022.
Performance recovery in the automotive sector has been remarkable since the second half of the year
Significant improvement in CCC due to securitization of receivables, etc. (-16 days)
Steady execution of bolt-on M&A in Europe
Implemented a large-scale share buyback. Decided to retire treasury stock and sell cross- shareholdings stocks
～Major advances in both offense and defense～
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Consolidated results of FY2022
JPY billion
FY2021
FY2022
YOY
YOY(%)
results
results
Sales
419
509
90
21.4%
Operating income
30
32
2
6.6%
Ordinary income
38
40
3
6.9%
EBITDA
54
58
4
7.6%
EBITDA margin
12.8%
11.3%
-1.5pt
-
Net income
27
25
-1
-5.0%
Price pass-through in Japan made significant progress in 4Q. Price pass-through ratio for the consolidated full year reached 134%, resulting in a significant increase in revenue.
Although income decreased in Europe due to one-time factors such as the application of superinflation accounting in Turkey (-2.1 billion yen), however, recurring profit increased year-on- year due to recovery in Japan and India.
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Kansai Paint Co. Ltd. published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 06:09:05 UTC.
KANSAI PAINT CO., LTD. is a paint manufacturing company. The Company has five reporting segments, including Japan, India, Asia, Africa and Europe. The Company involves in the manufacture and sale of automobile paints, industrial paints, construction paints, heavy-duty coating paints, vessel paints and housing paints among others.
KANSAI PAINT CO., LTD. 
