Why is Nippon Paint an attractive investment opportunity?
At Nippon Paint Group, we remain firmly committed to our sole mission, Maximization of Shareholder Value
(MSV), by continually striving to unlock the unlimited upside of shareholder value. In 2024, the
inaugural year of our
Medium-Term Strategy, we
achieved a major milestone with the
acquisition of AOC, now positioned
as a new pillar of growth alongside NIPSEA Group and DuluxGroup. This acquisition marks a pivotal
chapter in our inorganic growth journey and exemplifies our Asset Assembler strategy. It also reflects
our disciplined approach to M&A, meeting all of our core criteria, most notably, delivering significant
EPS accretion from the very first year.
We remain firmly committed to delivering a consistent track record of sustainable EPS compounding by
fully harnessing the strengths of our unique Group platform. We concurrently place great importance on
maintaining active, ongoing communication with investors. It is our sincere hope that these efforts will
contribute to a higher PER and to advancing the realization of MSV.
June 30, 2025
Director,
Representative Executive Officer & Co-President
Director,
Representative Executive Officer & Co-President
Our Co-President Structure for Pursuing MSV
Important indicators of our MSV performance are EPS (earnings per share) and PER (price-to-earnings
ratio). As NIPSEA Group CEO, Wee Siew Kim has guided the group through annual profit growth of over 10%
since FY2009. Wee's focus at Nippon Paint Group is on overseeing the worldwide operations and to
maximize EPS by growing both revenue and profitability. Yuichiro Wakatsuki applies his wealth of
experience and knowledge in the capital markets and M&A to maximize PER by raising expectations in the
capital markets. Wakatsuki is in charge of overall corporate matters and seeks to leverage M&A to spur
further growth for the Group. While Co-Presidents have their primary areas of responsibilities, they
make all executive decisions together and are jointly responsible for the overall management of the
Group.
EPS(earnings per share)
Wee Siew Kim
Director, Representative Executive Officer & Co-President
- Primarily responsible for EPS maximization
- Oversees global business operations
- Extensive management experience/Proven track record as NIPSEA Group CEO
PER(price-to-earnings ratio)
Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
- Primarily responsible for PER maximization
- Oversees corporate management and M&A
- Extensive capital markets/M&A experience
Co-Presidents Message Video
(From "Press Conference: Change of Representative Executive Officer
(Change of President)" on April 28, 2021)