Kansai Paint revises full-year forecasts, adjusts convertible bond prices

Kansai Paint Co. announced a revision to its consolidated financial forecasts for the fiscal year ending March 31, 2026, lowering net sales to 590,000 million yen from 600,000 million yen. Operating profit is now projected at 51,000 million yen (down from 54,000 million yen), ordinary profit at 55,000 million yen (down from 58,000 million yen), and profit attributable to owners of parent at 34,000 million yen (down from 36,000 million yen). Basic earnings per share are consequently revised to 193.04 yen. The company attributes this to a challenging market and slower-than-anticipated demand recovery in Europe and North America, increased fixed costs, and the impact of hyperinflation in Turkey.

In conjunction with the revised forecast, Kansai Paint also announced an adjustment to the conversion price of its Zero Coupon Convertible Bonds due 2029 and 2031. Effective October 1, 2025, the conversion price for both series was adjusted from 2,753.0 yen to 2,733.0 yen. This adjustment follows the approval of an interim dividend of 55 yen per common share at an extraordinary board of directors meeting held on November 7, 2025.

The interim dividend of 55 yen per share for the fiscal year ending March 31, 2026, also represents an increase from the 22 yen per share second-quarter dividend for the fiscal year ended March 31, 2025. The company projects a total annual dividend of 110 yen per share for the fiscal year ending March 31, 2026, compared to 50 yen for the previous fiscal year.