Top Companies Report

11 Kansai Paint Co., Ltd.

July 7, 2016

Kansai Paint Co., Ltd.
Osaka, Japan
www.kansai.com

PUBLIC COMPANY
YEAR ESTABLISHED:
1918
REVENUE: $2.906 billion   (2014: $3.113 billion)

MARKETS SERVED
• Automotive coatings
• Decorative coatings
• Industrial coatings
• Marine and protective coatings

KEY EXECUTIVES
Hiroshi Ishino, president; board of directors: Kunishi Mouri, Masaru Tanaka, Koji Kamikado, Hidenori Furukawa, Jun Senoo.

Operating in Japan, Europe, the U.S., Southeast Asia, India and China, Kansai Paint Co. Ltd. offers a broad range of coatings solutions for various markets. It divides its business into automotive (38 percent), industrial (25 percent), decorative (27 percent), and marine and protective (6 percent) segments.
Kansai Paint operates three automotive paint plants from its headquarters in Osaka, Japan and is the leading supplier of automotive coatings to Toyota, Suzuki, Nissan, Honda, Peugeot and Renault worldwide.

Kansai’s Business Overview by Segment – Japan: In the automotive OEM coatings market sector, sales increased due to higher demand from key customers and other factors. Sales rose slightly in the marine coatings sector, partly as a result of an underlying recovery trend in the domestic market. In the industrial coatings, decorative coatings, protective coatings and automotive refinish paints sectors, market conditions were weak, and demand declined.  India: In the automotive coatings sector, sales increased for reasons including gradual recovery in automobile production and an increase in production at key customers. Sales rose sharply in the decorative coatings sector as well thanks to buoyant domestic demand spurred by growth in the Indian economy following the inauguration of a new government.   Asia: In China, sales in the automotive coatings sector increased on continued economic growth, despite sluggish demand from key customers. with no sign of recovery from a decline in automobile production.  Africa:A lthough the South African economy was weak, sales continued to increase as a result of sales promotion efforts.  Other Regions: In Turkey, the automotive sector made a particularly important contribution to improvement of business performance thanks to factors including higher production at key customers and the capturing of new demand.