www.nipponpaint-holdings.com/ir/assets/files/name/annual_report2024/report2024_044-046_jp.pdf

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MSV実現に向けた道筋 2024年版

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https://www.nipponpaint-holdings.com/ir/assets/files/name/annual_report2024/report2024_044-046_jp.pdf

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This document outlines the financial strategy of Nippon Paint aimed at achieving MSV (Multi-Strategy Value) in 2024. It highlights that the consolidated ROIC for 2023 rose to 6.9%, emphasizing the importance of equity finance and strict financial discipline based on EPS growth. The document discusses the significance of improving capital efficiency through M&A and ensuring stable business models. It also addresses the strategy for enhancing returns to investors, prioritizing the expansion of the EPS base through M&A over short-term shareholder returns.