2022 Report Integrated Holdings Paint Nippon
Integrated Report 2022
Year Ended December 31, 2021
C O N T E N T S
MSV Story
01Chapter
02Chapter
03Chapter
04Chapter
05Chapter
Introduction
001 MSV Story
009 Value Creation Model for Achieving MSV
011 Development of Our Business Model and Evolution of Our Growth Strategy
Message from Management
- Letter to Investors about the Integrated Report 2022
- Message from Co-President Wakatsuki
- Message from Co-President Wee
- Maximization of Shareholder Value (MSV)
- Asset Management Report
- Speedy Corporate Actions
Our Business Model
035 Our Business Model: Asset Assembler
- Strengths Underpinning Our Business Model
- Assets Essential for Our Business Model
- Materiality Supporting Our Business Model
Our Medium- and Long-Term Management Strategy
047 Q&A with Co-President Wakatsuki on Our Medium- and Long-Term Management Strategy
051 Progress of the Medium-Term Plan (FY2021-2023)
055 Value Creation Achievements (Financial and Non-Financial Highlights)
059 Analysis of Regional and Market Environment
061 [Feature Article] Medium- and Long-Term Business Strategy That Reflects Regional Characteristics and Structural Changes in Markets
061 Growth Strategy for Rapidly Growing Repainting Market in China
065 Growth Strategy Deployment in High-Growth Countries (Indonesia and Türkiye)
067 Strategy for Mature Markets (Australia, New Zealand, PNG and Europe)
071 Q&A with Co-President Wee about Actions for Improving the Profitability of the Japanese Businesses
074 Strategy for Next-Generation Technologies in the Transforming Automotive Industry
077 Sustainability Strategy
079 Environment & Safety
087 People & Community
091 Innovation & Product Stewardship
Corporate Governance
- Corporate Governance Structure and Initiatives
- Governance Discussions by Independent Directors
- Discussions by the Board of Directors
- Risk Management
- Directors and Executive Officers
Financial and Corporate Information
- Major Financial and Non-financial Data over 11 Years
- 11-yearData by Segment
- Corporate, Stock and Ratings Information
PurposeNippon Paint Group
Our Shared Identity
Nippon Paint Group positions Purpose as a guiding philosophy that denes
the shared identity of the Group, while respecting the autonomy of our partner companies* based on their own Missions, Visions, and Values. Based on our shared values, diverse people at our partner companies around the world will form strong bonds and collaborate to achieve Maximization of Shareholder Value (MSV).
Prosper Together
We prosper with absolute integrity and fairness by fulfilling our obligations and maximizing our commitments to all stakeholders (consumers, customers, communities, employees, suppliers, governments).
Why | |||
Enriching our living | |||
Why do we exist? | world through | ||
the power of Science | |||
+ Imagination | |||
Science + | Powerful | ||
Imagination | Partnerships | ||
The unlimited power of Science + Imagination, | Our unique approach between | ||
leading to ground-breaking technology | our partner companies is based on respect, | ||
and useful innovation that preserve, | trust, empowerment, and accountability. | ||
enhance and enrich the world. | These partnerships form a powerful |
For the editorial policy, production process, information disclosure framework and other particulars about the Nippon Paint Holdings Integrated Report 2022, see page 130.
The key management terminologies unique to Nippon Paint Holdings and their definitions are as follows. Nippon Paint Holdings: NPHD
Nippon Paint Corporate Solutions: NPCS
Maximization of Shareholder Value (MSV): The sole mission of NPHD
Partner company: The term that refers to consolidated subsidiaries of NPHD
Asset Assembler: A business model adopted by NPHD
Autonomous and decentralized management:
The management structure adopted by Nippon Paint Group
For more information about terminologies related to Nippon Paint Group's businesses, see the Glossary on our IR website at the following link.
https://www.nipponpaint-holdings.com/en/ir/glossary/
catalyst for innovation and growth. |
*Consolidated subsidiaries of Nippon Paint Holdings
001 | Nippon Paint Holdings Integrated Report 2022 | 002 |
MSV Story
What
What do we aim to achieve?
Revenue
Expenses | Fulfillment of obligations |
to stakeholders |
Maximization of | ||
Net income | ||
Shareholder Value | ||
(MSV) |
Our sole mission
MSV Maximization
of Shareholder
Value
Nippon Paint Group is a unique Japan-based global company with MSV
as its sole mission. Based on Asset Assembler model, we seek to create wealth by maximizing the residual shareholder value that remains after fullling our obligations to customers, suppliers, employees, society, and other stakeholders.
003 | Nippon Paint Holdings Integrated Report 2022 | Nippon Paint Holdings Integrated Report 2022 | 004 |
MSV Story
How
How are we going to achieve MSV?
Partner Earnings Brands Talent companies
Autonomous and decentralized management based on strong Trust in partner
companies
Using Asset Assembler model based on Trust in our partner companies around the world, we will implement autonomous and decentralized management that combines the delegation of authority and accountability and build up assets (earnings, brands, talent, etc.) by expanding our existing businesses and aggressively engaging in M&A.
005 | Nippon Paint Holdings Integrated Report 2022 | Nippon Paint Holdings Integrated Report 2022 | 006 |
MSV Story
Where
Where are we going?
+
Paint | + |
Going beyond paint and into ++adjacencies
Paint
Expanding into adjacencies without limiting our operations to the paint and coatings area (Paint++) --We are pursuing a strategy of pushing out the frontiers of our business areas over the medium to long term. rough aggressive M&A, we will build up assets not only in existing business areas but also in areas beyond paint, to achieve MSV.
007 | Nippon Paint Holdings Integrated Report 2022 | Nippon Paint Holdings Integrated Report 2022 | 008 |
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Disclaimer
Nippon Paint Holdings Co. Ltd. published this content on 30 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2022 07:19:03 UTC.