FY2016 second quarter
Financial Results Briefing
Nov 21, 2016
KANSAI PAINT CO.,LTD.
FY2016 second quarter
Financial Results Briefing
1. Status of the Kansai Paint Group
2. Financial Results & Forecasts
3. Business Overview
4. Regional Overview
5. FY 2016 business forecast
6. The 15th Mid-Term Business Plan Progress
KANSAI PAINT CO.,LTD.
1
Status of the Kansai Paint Group
Consolidated sales in
FY2015: 328.1 billion yen
9％
7％
41％
Japan
Asia
Africa
Europe and
the United
States
Number of Employees : 12,491 (as of March 31, 2016)
Kansai Paint Sales
Overseas
986（1,022） KNPL（India）
（Automotive, Industrial/Decorative, Sales）
NKM Coatings
141（111）
（Marine , Sales）
Kanpe Shoji
75 （79）
（Industrial, Sales）
Kanpe Hapio
38％
●
●
●
●
Automotive
Industrial
Decorative
Marine &
Protective
● Other Paints
66 （64）
TKP（Thailand）
142（163）
KABS（Turkey）
172（185）
（Automotive/Industrial, Manufacturing）
21 in Asia, 20 in Africa, and 3 other companies
203（236） Hunan Xiangjiang Kansai (China) 393（391）
（Decorative/Automotive, Sales）
Eru Mizuho
KPAL（South Africa） 293（395）
（Automotive/Industrial, Manufacturing）
（Decorative, Manufacturing）
Ogi Shokai
658（695）
（Decorative/Automotive, Manufacturing）
（Decorative/Automotive, Manufacturing）
Other 10 companies
Equity method affiliates
25％
Page.01
●
●
●
●
5％
（Consolidated）
(Number of Shares Issued : 272 million)
Japan
Consolidated
（Consolidated）
25％ By business
Capital : 25.6 billion yen (as of March 31, 2016)
■ Main Group companies and their sales results
Figures in parentheses are FY2014 results （Unit : 100M yen）
By region 43％
7％
Founded : May 1918
（Automotive, Manufacturing）
45 （57） PKAF・US (United States) 160（164）
（Industrial, Sales）
（Automotive, Manufacturing）
Cosco Kansai Paint (Shanghai, China) 106（119）
（Marine & Protective, Manufacturing）
12 other companies
13 in Asia, 4 in Africa, and 9 other companies
KANSAI PAINT CO.,LTD.
2
Financial Results & Forecasts
● Automotive ● Industrial ● Decorative ● Marine & Protective
● Other Paints ● Other Businesses Ordinary Profit
The left graphs for each year are the second quarter figures
Financial Results (consolidated)
■ Second quarter
Sales (100mn yen)
2009 2010 2011 2012 2013 2014 2015 2016
Sales
Ordinary Profit
1,037 1,204 1,209 1,388 1,547 1,650 1,708 1,622
88
135
93
133
169
167
196
188
■ Full Fiscal Year 2009 2010 2011 2012 2013 2014 2015 2016
Sales
Ordinary Profit
2,224 2,369 2,565 2,940 3,204 3,493 3,281 3,400
226
235
214
283
354
377
397
420
4000
3500
3000
2500
2000
1500
1000
500
0
Ordinary Profit (100M yen)
500
400
300
200
100
2009 2010 2011 2012 2013 2014 2015 2016
0
(full fiscal
year forecast)
● Automotive ● Industrial ● Decorative ● Marine & Protective
● Other Paints ● Other Businesses EBITDA
The left graphs for each year are the second quarter figures
EBITDA (consolidated)
■ Second quarter
Sales (100mn yen)
2009 2010 2011 2012 2013 2014 2015 2016
Sales
EBITDA
1,037 1,204 1,209 1,388 1,547 1,650 1,708 1,622
123
171
147
193
258
224
254
253
■ Full fiscal year
2009 2010 2011 2012 2013 2014 2015 2016
Sales
EBITDA
2,224 2,369 2,565 2,940 3,204 3,493 3,281 3,400
296
305
346
422
502
502
※EBITDA was calculated by adding and subtracting
from profit before income taxes and minority interests
Page.02
596
530
4000
3500
3000
2500
2000
1500
1000
500
0
EBITDA (100M yen)
600
500
400
300
200
100
2009 2010 2011 2012 2013 2014 2015 2016
0
(full fiscal
year forecast)
KANSAI PAINT CO.,LTD.
2
Financial Results & Forecasts
Cash Flows (consolidated)
● Operating CF ● Investing CF ● Financing CF
The left graphs for each year are the second quarter figures
■ Second quarter
Cash Flows (100M yen)
2009 2010 2011 2012 2013 2014 2015 2016
Operating CF
79
Investing CF
-22
Finacing CF
-21
49
13
108
90
128
155
-100 -194
-88
-95
-51
-90 -626
-27
-48
-63
-19
-25
15
102
788
■ Full fiscal year
2009 2010 2011 2012 2013 2014 2015 2016
Operating CF
196
Investing CF
-77
Finacing CF
-32
183
104
251
255
319
314
335
-142 -219 -134 -161 -195 -147 -885
-47
147
-34
-65
-96 -148
640
800
700
600
300
200
100
0
-100
-200
-600
-700
-800
-900
2009 2010 2011 2012 2013 2014 2015 2016
(full fiscal
year forecast)
Page.03
KANSAI PAINT CO.,LTD.
3
Business Overview - 1. Automotive (new vehicles)
Consolidated Sales (excluding auto refinish coatings)
Automotive Coatings in Japan (excluding auto refinish)
○ Due in part to the 2016 Kumamoto Earthquake, auto
production numbers fell below previous-year levels,
resulting in a year-on-year decline in revenue.
▷ In the second half of fiscal 2016, sales figures are
forecast to suffer a slight year-on-year decline due to
increased production aimed at recovering production
declines caused by the Kumamoto Earthquake and from
the effects of price adjustments despite increased auto
output.
▷ Domestic auto production numbers for fiscal 2016 are
forecast as 9.35 million vehicles.
● Sales Auto production numbers in Japan
Sales (100M yen)
Auto Production Numbers (1,000)
The left graphs for each year are the second quarter figures
12000
700
600
9,912
9,555
9,267
8,994
8,865
9,591
500
530
465
400
421
4,784
300
3,856
200
205
463
422
471
4,907
4,744
4,783
4,447
4,412
215
219
218
227
227
218
170
8000
6000
4000
2000
2009 2010 2011 2012 2013 2014 2015 2016
0
(full fiscal
year forecast)
● India ● Thailand ● Indonesia ● Taiwan ● Malaysia
● China ●Turkey ● South Africa ● Others
Sales (100M yen)
The left graphs for each year are the second quarter figures
635
600
561
546
700
600
500
471
400
379
374
373
300
200
268
159
192
183
288
303
287
208
100
0
Page.04
10000
Consolidated Sales (excluding auto refinish coatings)
Automotive Coatings Overseas (excluding auto refinish)
○ In India, year-on-year revenue rose due to increased auto
production numbers of major clients.
○ In Indonesia, revenue fell year-on-year due to shrinking
auto production.
○ In Thailand, revenue declined year-on-year despite signs
of a recovery in auto production.
△ In the medium- to long-term, demand is expected to
expand due to increases in auto production.
△ We will further accelerate efforts to break into or expand
businesses with European and American automakers.
465
3,902
100
0
413
475
From FY2010, sales of two-wheeled vehicles
and auto parts have been counted in Industrial.
30
30 20 20
25 20
20 15
15 10
10 10
0 2015
2014
2016
9,350
9,188
2009 2010 2011 2012 2013 2014 2015 2016
From FY2010, sales of two-wheeled vehicles
and auto parts have been counted in Industrial.
(full fiscal
year forecast)
KANSAI PAINT CO.,LTD.
3
Business Overview - 2. Auto Refinish/Industrial
Consolidated Sales
Auto Refinish
■ Japan
○ Amidst a slump in the market, we promoted sales
expansion of products such as eco-friendly paint.
As a result, revenue grew slightly year-on-year.
■ Overseas
○ In Africa, revenue grew year-on-year on a local currency
basis, despite low levels of economic growth.
▷ We will accelerate the breaking into and developing
efforts in emerging countries.
Industrial
■ Japan
○ Revenue declined year-on-year due to the effects of a
slowdown in demand especially for construction machinery.
△ We aim to expand market share by strengthening our
competitiveness and exploring untapped markets.
■ Overseas
○ In India, revenue increased year-on-year on a local currency
basis due to increase in sales to Japanese manufacturers,
among other things.
○ In Africa, revenue declined year-on-year due to fewer demand
caused by a slowdown in the South African economy.
○ In every country, revenue decreased year-on-year due to the
large impact of the currency conversion.
▷ We aim to attract demand of Japanese manufacturers shifting
overseas as well as obtaining demand from new clients.
▷ In the second half of the fiscal year, sales from acquiring
shares of U.S. Paint newly contributed to our financial results.
Page.05
● Japan ● Overseas
Sales (100M yen)
The left graphs for each year are the second quarter figures
250
200
211
206
200
210
196
172
150
141
129
97
100
70
64
104
102
101
100
81
50
0
2009 2010 2011 2012 2013 2014 2015 2016
(full fiscal
year forecast)
Consolidated Sales
● Japan ● Overseas
Sales (100M yen)
1000
800
The left graphs for each year are the second quarter figures
873
845
819
818
750
671
645
600
444
400
200
0
323
335
357
409
417
434
412
207
2009 2010 2011 2012 2013 2014 2015 2016
(full fiscal
year forecast)
KANSAI PAINT CO.,LTD.
3
Business Overview - 3. Decorative/Marine & Protective
Decorative
Consolidated Sales
● Japan ● Overseas
■ Japan
Sales (100M yen)
○ Despite the domestic construction market not making a full-scale
1200 The left graphs for each year are the second quarter figures
recovery, business results remained at the same level as the
previous year due to signs of a recovery in housing construction.
935
1000
▷ We aim to expand sales by introducing and expanding sales of
895
832
832
products that meet market needs.
771
800
■ Overseas
612
○ In India, revenue grew year-on-year, thanks to economic growth.
600
○ In Africa, revenue increased year-on-year on a local currency basis
453
460
445
433
427
amidst economic slowdowns in South Africa and neighboring
384
341
400
countries.
287
237
220
○ However, revenue plunged in various countries due to the currency
200
conversion.
▷ We aim to increase demand in the business deployment regions,
0
including India, Africa, Malaysia, and Indonesia, and to further expand
2009 2010 2011 2012 2013 2014 2015 2016
our business deployment regions.
(full fiscal
year forecast)
Marine & Protective
Consolidated Sales
● Japan ● Overseas
■ Japan
Sales (100M yen)
○ In the marine field, revenue declined year-on-year.
250 The left graphs for each year are the second quarter figures
This is because despite efforts to expand sales of fuel-efficient
224
coating, the shipbuilding market was weak.
210
198
199
191
193
○ In the field of protective coating, revenue fell slightly year-on-year
190
188
200
after the market did not achieve a full-scale recovery.
▷ We aim to obtain demand for investments into the Plan for National
150
Resilience and the hosting of the 2020 Tokyo Olympics.
■ Overseas
107
101
100
98
95
95
92
95
○ Consolidated sales remain unchanged overseas compared to the
100
previous year despite business expansion in the ASEAN region.
▷ We aim to break into new markets for protective coating and develop
50
the market amidst the establishment of infrastructure in emerging
countries.
0
▷ Attempt to expand sales by using as a stepping stone the
2009 2010 2011 2012 2013 2014 2015 2016
pipeline-internal-coating technology acquired from Mirodur.
(full fiscal
year forecast)
Page.06
KANSAI PAINT CO.,LTD.
4
Regional Overview - 1. India and South Africa
Kansai Nerolac Paints Ltd. (KNPL)
○ In the automotive field, sales grew due to increased auto
output by major clients.
○ In the decorative field, sales grew due to the continuation
of growing demand.
○ As sales grew, material prices remained steady, resulting
in increased year-on-year profit.
○ Businesses expanded due to the factors above, but
suffered impacts of currency conversion.
▷ Demand is expected to continue growing in both the
automotive and decorative fields.
▷ We plan to establish production structures to meet
continued growing demand.
▷ We will expand businesses in Sri Lanka, Nepal and nearby
countries.
Kansai Plascon Africa Ltd. (KPAL)
○ As the economy weakened in South Africa and neighboring
countries, we continued to promote sales activities. As a
result, revenue increased year-on-year on a local currency
basis. But revenue declined on a yen basis due to the impact
of currency conversion.
○ Profit declined largely affected by rising materials costs
related to a weak South African rand and transient costs.
▷ In the second half of fiscal 2016, we expect to see strong
demand in the decorative field and a recovery in sales due to
promotion of sales activities.
▷ In the medium- to long-term, we plan to break into markets in
West Africa and East Africa by first breaking into the Nigerian
and Kenyan markets. We expect business expansion
bolstered by economic growth in Africa.
Page.07
Financial Results & Forecasts of KNPL in India
●Automotive ●Industrial ●Decorative ●Other Paints Ordinary Profit
Sales (100M yen)
Ordinary Profit (100M yen)
The left graphs for each year are the second quarter figures
1000
120
115
92
800
600
50
400
200
0
770
78
26
162
358 29
201
50
49
404
421
26
55
200
695
59
53
550 39
501
27
23
658
54
335
373
364
80
60
40
20
251
208
100
2009 2010 2011 2012 2013 2014 2015 2016
0
(full fiscal
year forecast)
Financial Results & Forecasts of KPAL in South Africa
●Automotive ●Industrial ●Decorative ●Other Paints Ordinary Profit
Sales (100M yen)
Ordinary Profit (100M yen)
The left graphs for each year are the second quarter figures
395
348
321
28
300
293
24
400
40
300
30
200
217
100
10
0
73
1
-3
19
156
140
6
0
5
8
1
12
20
169 15 176
6
0
1
-6
134
4
10
0
-6
-11
-14
-18 -20
2009 2010 2011 2012 2013 2014 2015 2016
-10
-20
(full fiscal
year forecast)
KANSAI PAINT CO.,LTD.
4
Region Overview - 2. Asia, Europe, and the United States
Ordinary profit in Asia
Financial Results & Forecasts of Consolidated Subsidiaries in Asia
Sales ●Thailand ●Indonesia ●Taiwan ●Malaysia ●China ● Other Asian countries
○ In Thailand, profits increased year-on-year although auto
Sales (100M yen)
Ordinary Profit (100M yen)
production numbers did not achieve a full-scale recovery.
The
left
graphs
for
each
year
are
the
second
quarter figures 100
800
○ In Indonesia, profits rose year-on-year. In the automotive
685
90
700
field, there was a reduction in the number of vehicles
595
589
80
565
produced, and the decorative field was hurt by a weak
600
501
70
72
Indonesian economy. However, sales in other fields rose.
500
67
60
60
○ In China, profit declined year-on-year. The automotive field
402
366
340
51 50
saw the effects of a new tax incentive for compact cars, but 400
48 303
309
46
288
283
40
demand for construction machinery weakened, and the
300
45
204
192 30 215
33
39
30
company was hurt by exchange-rate losses.
30
200 145
27
20
▷ Despite the sluggish economic growth in each country,
20
20
29
16
100
10
business expansion is expected from the increase in
demand.
0
0
2009
2010
2011
2012
2013
2014
2015
2016
▷ Acquiring shares of Malaysia's Sancora Paint Industries
(full fiscal
year forecast)
newly contributed to the company's business performance.
Financial Results & Forecasts of Consolidated Subsidiaries in Europe and the United States
Ordinary profit in Europe and
the United States
○ In Turkey, profits increased year-on-year due to steady
sales mainly in the automotive fields.
▷ Although there are concerns about the economy's
future, demand is expected to continue to increase.
Sales ●Turkey ●Other countries in Europe ●the United States
Sales (100M yen)
250
200
Ordinary Profit (100M yen)
The left graphs for each year are the second quarter figures
215
200
188
168
11
Page.08
109
96
91
100
0
15
149
150
50
20
41
48
5
3
60
5
4
6
67
7
83
9
91
9
96
8
6
6
3
10
94
4
3
1
2009 2010 2011 2012 2013 2014 2015 2016
5
0
(full fiscal
year forecast)
KANSAI PAINT CO.,LTD.
4
Regional Overview - 3. Equity method affiliates
Profits from equity method affiliates
○ In Japan, profits dipped slightly on the year due to a
decline in domestic auto production numbers.
○ In China, profit surged year-on-year as sales to
non-Japanese automakers enjoyed increased market
share due to sales growth among others.
○ In Europe and the U.S. auto production numbers
remained steady in North America, but profit declined
year-on-year due to intensifying competition.
▷ In China, despite a weakening in the container market,
we forecast a profit increase year-on-year thanks to
growth of automotive products for non-Japanese
automakers.
▷ Profit from acquired shares of Tukey's Polisan newly
contributed to financial results.
▷ In Saudi Arabia, profit from acquired shares of Saudi
Industrial Paint newly contributed to financial results.
Page.09
Profits from equity method affiliates (simple aggregation)
● Japan ●China ●Europe and the United States ●Others
Sales (100M yen)
The left graphs for each year are the second quarter figures
50
45
40
35
30
25
20
15
10
5
0
-5
42
48
41
35
22
15
8
11
5
5
25
21
21
19
9
0
2009 2010 2011 2012 2013 2014 2015 2016
(full fiscal
year forecast)
KANSAI PAINT CO.,LTD.
5
About the fiscal 2016 business forecast
Compared to fiscal 2015 business results
(Domestic) In the automotive field, sales revenue is forecast to dip slightly in the full term.
Sales
Although auto production numbers is expected to recover in the second half of
the fiscal year and increase from the previous year, the price adjustments
adversely affected results. In the marine and protective fields, revenue is forecast
to slip due to a weak market trend. However, revenue is expected to rise in the
industrial and decorative fields by promoting sales expansion. Overall, sales are
expected to remain unchanged compared to fiscal 2015.
(Overseas) We expect demand to stagnate temporarily in some regions due to a weakening
economy and effects of political uncertainty. However, revenue is expected to
continue growing due to growing demand mainly in emerging countries. We
expect demand to grow especially in India, which will be the engine behind
revenue growth.
Materials
and costs
Materials costs are forecast to remain stable despite a slight rise in the second half of the
fiscal year. We aim to improve profitability by continuing to promote cost-reduction efforts.
Ordinary
profit
--Ordinary profit is expected to grow by 2.3 billion yen from the previous year.
--Parent-only ordinary profit is estimated to grow by 2.8 billion yen, consolidated ordinary
profit from domestic businesses is expected to decline by 1.3 billion yen, while
consolidated ordinary profit from overseas businesses is seen growing by 200 million yen.
--Investment gain on equity method grew by 700 million yen, but this was offset by dividend
income and other factors, resulting in a 100 million yen loss.
Page.10
KANSAI PAINT CO.,LTD.
6
The 15th Mid-Term Business Plan Progress - 1. Performance plan
The fiscal 2016 plan will remain at the initial estimate of 340.0 billion yen in consolidated sales and 42.0 billion
yen in consolidated ordinary profit. In the last year of our 15th Mid-Term Business Plan, we aim to achieve
420.0 billion yen in consolidated sales and 60.0 billion yen in consolidated ordinary profit.
Sales (100mn yen)
sales
5000
Ordinary profit (100mn yen)
ordinary profit
600
500
4000
400
3000
300
2000
200
1000
0
100
2015
(Result)
2016
2017
2018
(Forecast)
(Target)
■ Consolidated figures
Sales
Ordinary profit
Page.11
0
(100mn yen)
2015
2016
2018
Result
Forecast
Target
3,281
3,400
4,200
397
420
600
KANSAI PAINT CO.,LTD.
6
The 15th Mid-Term Business Plan - 2. Priority measures and progress etc.
Priority
measures
Accelerating
Globalization
Main content
1. Expanding and strengthening our
businesses in existing markets
2. Entering into new markets and regions
1. Increasing earning power by expanding
market share
Increasing
Profitability
Strengthening
the Group’s
Management
Foundations
Page.12
2. Reducing costs through efficiency and
optimization
1. Sharing and promoting the resource
utilization within the group
2. Establishing the headquarters’function
and building the organization
3. Integrating current regions into seven
global regions and establishing a
supervisory control function
Progress up until now etc.
○ Acquired shares of Polisan Turkey, and accepted
share allocations from third parties
○ Acquired shares of U.S. Paint in the U.S.
○ Acquired shares of Saudi Industrial Paint in Saudi
Arabia
○ Acquired shares of Sancora Paint Industries in
Malaysia
○ Planned to establish a joint venture in Nigeria and
Kenya
○ Acquired pipeline-internal-painting technology from
Mirodur in Italy
○ Promote measures to develop businesses for
non-Japanese clients and to boost shares
○ Promote the entry and development of the
European and U.S. automakers
○ Expand sales of functional products such as plaster
paint and insect repellent paint
○ Open the“Paint Gallery”
○ Issue convertible bonds
○ start considering the construction of headquarters’
functions
KANSAI PAINT CO.,LTD.
6
The15th Mid-Term Business Plan - 3. Priority measures, progress etc.
Issuance of convertible bonds issued in Euro and yen with warrants attached
(Goal)
In addition to procuring growing funds at low cost to invest in the Group’s expanding businesses,
we will maintain a strong and highly flexible financial foundation in order to engage in active strategic
investments in the future.
(Target)
1) Issue zero coupon
enables the minimization of interest costs.
2) Set a conversion value surpassing the market value
3) Adding a soft call clause
expect effects to reduce the dilution of current net earnings
per share after issuance.
promote conversion to stocks, and enable the
strengthening of shareholders' equity.
4) Issue convertible bonds with new warrants with
different time limits (maturing either in 2019 or 2022)
disperse the timing of dilution.
5) Pre-fix a conversion value for the convertible bonds
maturing in 2019, then calculate and decide offer prices
based on market trends such as investor demands
maximize the paid-in amount to our company, and enable
the booking of profit or loss from issuance.
(Overview)
Convertible bonds with warrant
attached maturing in 2019
Convertible bonds with warrant
attached maturing in 2022
40.0 billion yen
60.0 billion yen
2,663 yen
3,217 yen
Interest rate
0.00%
0.00%
Maturity date
17-Jun-19
17-Jun-22
Total value of company bonds
Conversion value
*Obtained a total of roughly 20.0 billion yen in shareholders' equity
Page.13
KANSAI PAINT CO.,LTD.
6
The15th Mid-Term Business Plan - 3. Priority measures, progress etc.
Acquiring shares of Polisan in Turkey -- Breaking into Turkey’s construction paint market -1）Overview of target company
○ Company name: Polisan Boya Sanayi ve Ticaret A.S
Polisan
○ Location: Gebze City, Kocaeli Province, Turkey
○ Business size (2015):Sales of approximately 16.0 billion yen,
operating profit of approximately 1.8 billion yen
○ Polisan is one of Turkey’s major paint manufacturers that
has a strong presence in the field of decorative paint. It has
an especially strong presence in interior paint.
○ The firm has a sales network all over Turkey.
○ Its business model focuses on consumers’brand value under
the concept of“Home Cosmetics.”
2）Overview of purchase, target and others
○ Capital contribution ratio: Kansai Paint has 50% (affiliated
company accounted for by the equity-method)
○ Acquired shares and accepted allocation of new shares to a
third party
○ Purchase price: approximately 11.5 billion yen (estimate)
○ Breaking into the Turkish decorative paint market
○ In addition to paint for automobiles and industrial paint, in
which we already do business, we aim to further expand
business by breaking into the market for paint for decorative
purposes.
○ We are attempting to expand business by effectively using
Polisan’s brand and sales networks.
Page.14
KANSAI PAINT CO.,LTD.
6
The15th Mid-Term Business Plan - 3. Priority measures, progress etc.
The U.S. : Acquiring shares of U.S. Paint
-- Strengthening the business structure in industrial and auto parts paint in North America --
1）Overview of target company
○ Location: St. Louis, Missouri, the U.S.
○ Business size (2015): Sales of approximately 3.7 billion yen,
operating profit of approximately 900 million yen
○ U.S. Paint is a local paint manufacturer that mainly deals with
paint for autoparts
U.S.Paint
○ Receives technology and know-how from Musashi Paint
Holdings Co., Ltd. about paint for automobile interiors, then
supplies paint to Japanese users.
2）Overview of purchase, target and others
○ Kansai Paint and its wholly owned subsidiary acquired shares
○ Capital contribution ratio: The Kansai Paint Group owns 51%
(we turned U.S. Paint into a consolidated subsidiary)
○ Purchase price: 51million US dollars (approximately 5.3 billion yen)
○ Expand business for local users and Japanese firms by using
Kansai Paint’s brand name recognition and credit worthiness.
○ Secure a manufacturing base in North America for industrial
paint as well as autoparts paint
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The15th Mid-Term Business Plan - 3. Priority measures, progress etc.
Opening the“Paint Gallery”-- More paint in our daily lives -Under the brand concept of“More paint in our daily
lives,”the“Paint Gallery“ will open within our
company’s Tokyo office in June 2016 as a base
where consumers (customers) can experience the
information they need such as the special
functions of paint, the texture, and the free
expressions unique to paint.
This facility is used as a space to showcase the
significance of paint and coating, their functionality
and design to consumers through design
companies, architectural firms, construction firms,
paint companies and other firms.
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KANSAI PAINT CO.,LTD.