Nippon Paint Holdings announces up to ¥30 bn share buyback

Nippon Paint Holdings Co., Ltd. (NPHD) announced its decision to acquire up to 35 million shares of common stock, representing 1.5% of its total issued shares (excluding treasury stock), with a total acquisition value not exceeding ¥30 billion. The acquisition period is set from October 10, 2025, to February 28, 2026, and will be executed through market purchases on the Tokyo Stock Exchange via a discretionary trading agreement. This decision follows deliberations at the board of directors meeting on September 25, and a written resolution on October 9, 2025.

The company stated the acquisition aligns with its strategy to maximize shareholder value and is considered a solid financial decision given its strong organic growth, cash generation, and the belief that its shares are significantly undervalued. NPHD reported a five-year EPS CAGR of 19%, outperforming competitors. The successful acquisition of AOC in March 2025 is also contributing to cash generation, enabling both future M&A activities and the share buyback.

As of June 30, 2025, NPHD’s total number of issued shares (excluding treasury stock) was 2,348,848,933 shares, with 21,663,282 treasury shares held. The company clarified that the full authorized amount may not be acquired depending on market conditions.