Sluggish auto, decorative sectors weaken Nippon Paints’ earnings

摘要

Nippon Paint (Tokyo, Japan) has registered a 14.4% decline in net income in the frst half of 2020 to ￥26.3 billion ($246.6 million) from ￥30.7 billion in the prior-year period. Operating income decreased by 17.3% year on year (YOY) to ￥34.6 billion. Sales grew by 10.6% YOY, to ￥345.4 billion. In the Japan region, revenue fell by 29% YOY to ￥35.7 billion. The region achieved an operating loss of ￥200 million, compared with an operating proft of ￥6.0 billion year earlier.