PUBLIC COMPANY; YEAR ESTABLISHED: 1918
REVENUE: $3.78 billion t (2018: $3.9 billion)
Automotive coatings; Decorative coatings; Industrial coatings; Marine and protective coatings
Hiroshi Ishino, CEO; Kunishi Mori, president; board of directors: Masaru Tanaka, Koji Kamikado, Hidenori Furukawa, Jun Senoo. Shinji Asatsuma.
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 including automotive, decorative, industrial and marine coatings. It divides its business into automotive (38 percent), industrial (25 percent), decorative (25 percent), and marine and protective (seven 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. The company employs 15,731 people.
The Group’s net sales for the period under review were up 6.3 percent year on year while operating income declined to 9.8 percent year on year due to a rise of raw material prices and an increase in selling, general and administrative expenses.
A rise in raw material prices, ordinary income reached 5,398 million yen (up 1151.3 percent year on year) reflecting an increase in equity in earnings of affiliates as a result of recording impairment loss of goodwill in the Middle East in the previous year and the absence of amortization of goodwill in the current fiscal year.
In its yearly financial report Kansai reported that during the period under review, the global economy continued to face heightened geopolitical risks and uncertainties concerning political, policy and trade developments in different countries. Under such circumstances, in spite of signs of a moderate slowdown in economic growth in China and Europe, the global economy as a whole continued to enjoy a turnaround with robust corporate revenue and improved employment in the United States together with ongoing recoveries in emerging countries in Asia. The Japanese economy, which had been temporarily weak due to the impacts of natural disasters such as heavy rains, continued to experience mild recovery supported by a gradual pickup in the global economy as well as improvements in capital expenditures and employment and income environments.
Kansai Plascon, a subsidiary of Kansai Paint Co., Ltd. officially launched the world's first anti-mosquito paint in Uganda, with the goal of supporting the country’s efforts of being malaria-free by 2021. This would place Uganda alongside Morocco, the only certified malaria-free country in Africa, having registered no cases since 2010.
The revolutionary new paint is a modified emulsion paint powered by Plascon’s unique mosquito “Knock Down” technology and it is being offered as a value-for-money alternative indoor residual spraying.
While malaria interventions such as mosquito nets, prophylactics and insecticide spraying are still in use, the deadly disease continues to account for more than one million deaths on the African continent each year.
Working in a public-private partnership together with the Ugandan Ministry of Health, other agencies and stakeholders, Kansai Plascon has developed an innovative Kansai Plascon Anti-Mosquito paint. The modified acrylic emulsion paint is powered by its unique mosquito “Knock Down” technology, giving people the peace of mind of a mosquito-free environment.
The Kansai Plascon Anti-Mosquito paint is specially designed to be safe to use in residential homes, public and commercial buildings.
With a smooth matt finish, it is a durable easy-to-clean product, which is available in a range of different colors. Ideal for walls and ceilings, Plascon Anti-Mosquito Paint is low VOC and lead-free, safe for the family and maintains a smooth matte finish when applied.
“Kansai Plascon’s Anti-Mosquito paint is the only product of its kind. It has been approved by all the local bodies necessary including; the Ministry of Health, Ministry of Internal Affairs the National Drag Authority, National Environment Management Authority, and National Health Research Authority. It is lead-free, a low emission product that can be used anywhere, which makes it the ideal way to put people at ease if they are living in or visiting a high-risk malaria area,” Kansai Plascon VP Dr. Kalpana Abe said.
"The ‘Knock Down’ technology works by disrupting the mosquito’s nervous system on contact, reducing its ability to remain on painted walls or flying too far away, resulting in it being knocked down. The knock-down effect lasts for up to two years, offering lasting protection from malaria infection and other mosquito-borne diseases,” Dr. Abe continued. “The launch of the Kansai (Plascon) Anti-Mosquito paint kicks off with the ‘Hold my Hand to 5’ campaign where Plascon has pledged to donate paint to some of the underprivileged communities."
“The 'Hold my Hand to 5' campaign aims to highlight the plight of the most vulnerable malaria victims: Our children, while driving consumer education on the fight against malaria. Kansai Plascon plans to forge strong partnerships with government, NGOs and the private sector to ensure the campaign has an enduring and holistic impact,” Regional Brand Manager Lungi Koni said.