Overview
Chemicals

KANSAI PAINT CO.,LTD.

Kansai Paint is a comprehensive paint manufacturer offering a broad product portfolio spanning architectural coatings, anticorrosion coatings, automotive refinish coatings, industrial coatings, marine coatings, and new business applications derived from its coating technologies. The company serves diverse end markets including construction, infrastructure, automotive, shipbuilding, and consumer segments through a network of authorized dealers and sales subsidiaries. Its competitive strengths lie in deep R&D capabilities, a global color trend proposition with over 30 years of history, and an extensive worldwide manufacturing and sales footprint across five operating segments.

Market Cap
¥519B
US$3.31B
EV
¥659B
US$4.20B
Stock¥2,949▲+0.19%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
9.1
x
LTM EV/EBIT
12.0
x
LTM PER
17.5
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-6.6%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Apr 1, 26Silchester International Investors LLP filed large shareholding report
2May 15, 26Silchester International Investors LLP changed stake (5.05%→6.17%)
3May 19, 26Silchester International Investors LLP changed stake (6.17%→7.21%)
MC → EV Bridge
519BUS$3.31BMarket Cap250BUS$1.59B+ Debt90.2BUS$574M− Cash102BUS$648M− Inv. Sec.82.0BUS$522M+ NCI659BUS$4.20BEV
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Performance & Balance
Revenue 5Y (¥B)
419US$2.67B'22/3509US$3.24B'23/3562US$3.58B'24/3589US$3.75B'25/3590US$3.76B'26/3
EBITDA 5Y (¥B)
44.4US$283M'22/347.8US$305M'23/369.6US$443M'24/372.8US$463M'25/373.0US$465M'26/3
Net Income 5Y (¥B)
26.5US$169M'22/325.2US$160M'23/367.1US$427M'24/338.3US$244M'25/331.6US$201M'26/3
Capital Structure
54%
46%
EquityD/E 0.84xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
159US$1.01B13.7US$86.9M'22/3176US$1.12B81.2US$517M'23/3148US$939M123US$780M'24/3135US$857M186US$1.19B'25/3137US$872M189US$1.21B'26/3
Shareholders
Top 10 hold 43.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.97%
2
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
7.01%
3
JP MORGAN CHASE BANK 380055 (Standing Proxy: Mizuho Bank, Ltd.)
6.94%
4
The Dai-ichi Life Insurance Company, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
4.91%
5
Custody Bank of Japan, Ltd. (Trust Account)
4.38%
6
NORTHERN TRUST CO. (AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.01%
7
KANSAI PAINT CO.,LTD. Stock Ownership Association
1.98%
8
NORTHERN TRUST CO. (AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.84%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.79%
10
Senshokai Co., Ltd.
1.46%
Management
11 officers
Kunji MORI
Representative Director, President
Apr 1981 Joined the Company Jun 2010 Director, Assistant General Manager, Paint Business Division Jun 2015 Representative Director, Managing Executive Officer, in charge of Sales and International; President, Kansai Paint Sales Co., Ltd. Apr 2018 Representative Director, Senior Managing Executive Officer, COO, in charge of Sales; General Manager, Paint Business Division; President, Kansai Paint Sales Co., Ltd. Apr 2019 Representative Director, President (current)
1958-03-28
Takashi TOMIOKA
Director, Managing Executive Officer, Chief Financial Officer, Business Unit Head
Apr 1996 Joined the Company Apr 2019 General Manager, Corporate Planning Office Apr 2020 General Manager, Corporate Planning Department, Management Promotion Division Jul 2020 Deputy General Manager, Management Promotion Division; General Manager, Corporate Planning Department, Management Promotion Division Apr 2021 Executive Officer, General Manager, Corporate Planning Headquarters, Management Promotion Division Apr 2024 Managing Executive Officer, General Manager, Management Promotion Division Jun 2024 Director, Managing Executive Officer, General Manager, Management Promotion Division Apr 2025 Director, Managing Executive Officer, Chief Financial Officer; Business Unit Head; Head of Business Unit Europe Division Apr 2026 Director, Managing Executive Officer, Chief Financial Officer; Business Unit Head (current)
1972-05-22
Yoichi TAKATA
Director, Managing Executive Officer, Head Office General Manager, Administration Division Head
Apr 1989 Joined the Company Apr 2020 Deputy General Manager, General-Purpose Paint Headquarters Apr 2021 Executive Officer, General Manager, General-Purpose Paint Business Headquarters, Japan Division Apr 2023 Executive Officer, Deputy Division Head, Japan Division; President, Kansai Paint Sales Co., Ltd. Apr 2024 Managing Executive Officer, Division Head, General-Purpose Business, Japan Division; President, Kansai Paint Sales Co., Ltd. Apr 2025 Managing Executive Officer, Head Office General Manager; President, Kansai Paint Sales Co., Ltd. Jun 2025 Director, Managing Executive Officer, Head Office General Manager Apr 2026 Director, Managing Executive Officer, Head Office General Manager; Administration Division General Manager (current)
1965-10-12
Yukari SHIKATA
Director
Sep 1987 Joined Nihon General Electric K.K. (currently GE Japan K.K.) Jul 1997 Head of Human Resources and General Affairs, GE Capital Car Systems K.K. Feb 2001 Director, Head of Human Resources, GE Yokogawa Medical Systems, Ltd. (currently GE Healthcare Japan Corporation) Jan 2003 Executive Officer, Human Resources, AIU Insurance Company (currently AIG General Insurance Company, Ltd.) Feb 2006 Executive Officer, Head of Human Resources, Microsoft K.K. (currently Microsoft Japan Co., Ltd.) Oct 2011 Director, Human Resources, GlaxoSmithKline K.K. Apr 2012 Secretary, Keizai Doyukai Oct 2016 Human Resources Advisor and Consultant (current) Jun 2021 Outside Director, JALUX Inc. Jun 2023 Outside Director, JEOL Ltd. (current) Jun 2024 Outside Director, the Company (current)
1964-04-09
Kiyohide TOKU
Director, Full-time Audit and Supervisory Committee Member
Apr 1987 Joined the Company Apr 2009 Senior Manager, International Division (seconded to Tianjin Yongfu Kansai Paint Co., Ltd.) Apr 2012 Deputy General Manager, Automotive Paint Sales Division, Kansai Paint Sales Co., Ltd. Apr 2013 General Manager, Automotive Refinish Paint Sales Division, Kansai Paint Sales Co., Ltd. Jun 2013 Director, General Manager, Automotive Refinish Paint Sales Division, Kansai Paint Sales Co., Ltd. Apr 2016 Director, Deputy General Manager, Industrial Paint Sales Division, Kansai Paint Sales Co., Ltd. Apr 2019 Executive Officer, General Manager, Industrial Paint Headquarters; Director, General Manager, Industrial Paint Sales Division, Kansai Paint Sales Co., Ltd. Apr 2023 Managing Executive Officer, General Manager, Global Automotive Business Division Apr 2024 Managing Executive Officer, Division Head, Automotive and Industrial Business Division Apr 2026 Managing Executive Officer Jun 2026 Director, Full-time Audit and Supervisory Committee Member (current)
1963-09-06
Pravin D. CHAUDHARI
Director, Managing Executive Officer, Business Unit Asia Division Head, President, Kansai Nerolac Paints Ltd.
Jun 1993 Joined Kansai Nerolac Paints Ltd. May 2008 Executive Director, Industrial Sales, Manufacturing and IR, Kansai Nerolac Paints Ltd. May 2017 Executive Director, Manufacturing, IR, Technology and M&A, Kansai Nerolac Paints Ltd. Apr 2018 CEO, Special Projects, Pidilite Industries Ltd. Apr 2023 Executive Officer, Deputy Division Head, Production, SCM and Procurement Division; Director, Kansai Nerolac Paints Ltd. Apr 2024 Executive Officer, Deputy Division Head, India Business Oversight, Development and Procurement Division Apr 2025 Managing Executive Officer, Business Unit India Division Head; President, Kansai Nerolac Paints Ltd. Jun 2025 Director, Managing Executive Officer, Business Unit India Division Head; President, Kansai Nerolac Paints Ltd. Apr 2026 Director, Managing Executive Officer, Business Unit Asia Division Head; President, Kansai Nerolac Paints Ltd. (current)
1968-05-17
Prejay R. LALLA
Director, Managing Executive Officer, Business Unit EMEA Division Head, President, Kansai Plascon Africa (Pty) Ltd.
Jan 2010 Sales and Marketing Director, South Africa, AkzoNobel Mar 2016 Commercial Executive, Africa, Kansai Plascon Africa Ltd. Sep 2017 President, Kansai Plascon Africa Ltd. Apr 2024 Executive Officer, Deputy Division Head, International Business Division; General Manager, Africa Business Oversight Apr 2025 Executive Officer, Business Unit Africa Division Head; President, Kansai Plascon Africa Ltd. Apr 2026 Managing Executive Officer, Business Unit EMEA Division Head; President, Kansai Plascon Africa (Pty) Ltd. Jun 2026 Director, Managing Executive Officer, Business Unit EMEA Division Head; President, Kansai Plascon Africa (Pty) Ltd. (current)
1970-02-17
Shinichiro OMORI
Director
Apr 1978 Joined Hitachi, Ltd. Apr 2016 Executive Vice President, Hitachi, Ltd. Jun 2017 Outside Director, Hitachi Capital Corporation (currently Mitsubishi HC Capital Inc.) Jun 2017 Director, Hitachi Chemical Co., Ltd. (currently Resonac Holdings Corporation) Jun 2019 Chairman of the Board, Hitachi Metals, Ltd. (currently Proterial, Ltd.) Jul 2020 Chairman of the Board, Hitachi High-Tech Corporation Mar 2022 Outside Director, KOKUYO Co., Ltd. (current) Jun 2022 Outside Director, Macnica Fuji Electronics Holdings, Inc. (currently Macnica Holdings, Inc.) (current) Jun 2023 Outside Director, the Company (current)
1956-02-06
Asuri M. CHORPAN
Director
Apr 2008 Specially Appointed Associate Professor, Columbia University Kyoto Japan Research Center Oct 2012 Visiting Researcher, Reischauer Institute, Harvard University Oct 2012 Visiting Associate Professor, Political Science and Sloan School of Management, Massachusetts Institute of Technology Jul 2015 Outside Director, Gourmet Kineya Co., Ltd. Apr 2016 Associate Professor, Graduate School of Economics, Kyoto University May 2016 Associate Professor, Graduate School of Management, Kyoto University Sep 2016 Visiting Professor, Harvard Business School Mar 2018 Outside Audit & Supervisory Board Member, Sumitomo Rubber Industries, Ltd. (current) Apr 2018 Professor, Graduate School of Economics, Kyoto University (current) Apr 2018 Professor, Graduate School of Management, Kyoto University (current) Mar 2019 Outside Director, NISSHA Co., Ltd. Jun 2024 Outside Director, the Company (current) Jan 2025 Assistant Director, Kyoto Daitaku (current) Jun 2025 Outside Director, Sumitomo Electric Industries, Ltd. (current)
1977-10-25
Tokuo YAMAMOTO
Director, Audit and Supervisory Committee Member
Apr 1981 Joined NEC Corporation May 1995 Seconded to NEC Mexico, S.A. de C.V., Chief Financial Officer Jun 2007 General Manager, Affiliated Companies Division, NEC Corporation Feb 2014 Executive Officer, NEC Networks & System Integration Corporation Jun 2017 Full-time Audit & Supervisory Board Member, NEC Networks & System Integration Corporation Jun 2019 Full-time Audit & Supervisory Board Member, Japan Pure Chemical Co., Ltd. Jun 2021 Outside Audit & Supervisory Board Member, the Company Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1958-02-24
Hiroe NAKAI
Director, Audit and Supervisory Committee Member
Apr 1988 Registered as an attorney (Osaka Bar Association) Aug 2016 Outside Audit & Supervisory Board Member, the Company Jun 2018 Outside Director, Gunze Limited (current) Jun 2023 Outside Audit & Supervisory Board Member, the Company Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current) Apr 2026 Vice President, Japan Federation of Bar Associations (current) Apr 2026 President, Osaka Bar Association (current)
1961-05-20
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-22
4.70%→4.16%
Capital Research and Management Company
2026-10-22
5.14%→5.14%
Capital Research and Management Company
2026-10-07
5.14%→5.14%
Capital Research and Management Company
2026-09-25
5.14%
Mizuho Securities Co., Ltd.
2026-07-07
3.45%
Nomura Asset Management Co., Ltd.
2026-05-21
4.61%→4.70%
Silchester International Investors LLP
2026-05-19
6.17%→7.21%
Silchester International Investors LLP
2026-05-15
5.05%→6.17%
Silchester International Investors LLP
2026-04-01
5.05%
The Dai-ichi Life Insurance Company, Limited
2026-03-05
6.68%→4.91%
Nomura Asset Management Co., Ltd.
2026-02-19
4.98%→4.61%
Nomura Asset Management Co., Ltd.
2026-02-05
5.99%→4.98%
First Eagle Investment Management, LLC
2025-10-06
7.24%→8.25%
Nomura Asset Management Co., Ltd.
2025-09-04
7.15%→5.99%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
EDINET
2026-09-25
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-05-19
Large Shareholding Report
EDINET
2026-05-15
Large Shareholding Report
EDINET
2026-04-01
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-02-19
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-05
Large Shareholding Report
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
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