SHINTO PAINT COMPANY, LIMITED (4615) Stock Price

Shinto Paint is part of a corporate group under Dai Nippon Paint Co., Ltd. as its parent company. The company's primary business is the manufacturing and sale of paints and chemical products. Shinto Paint operates through 7 subsidiaries and 6 affiliated companies.

In its paint business, Shinto Paint manufactures and sells synthetic resin paints. Some products are distributed through subsidiaries including Shinto Family Co., Ltd., Kyushu Shinto Co., Ltd., and Hayakamishinto Co., Ltd. Additionally, the company provides contract manufacturing services to Japan Carbolyn Co., Ltd. and Shinto Axalta Coating Systems Co., Ltd., supplying products to these companies.

Shinto Paint also operates internationally through overseas subsidiaries and affiliated companies such as PT. Shinto Paint Manufacturing Indonesia and TOA-SHINTO (THAILAND) CO., LTD., where it manufactures and sells synthetic resin paints. The company provides technical guidance to these overseas operations. Paint color matching services are outsourced to Shinto Service Co., Ltd.

In its chemical products business, Shinto Paint provides contract manufacturing of disinfectants and industrial biocides for Sumika Environmental Science Co., Ltd., a subsidiary of Sumitomo Chemical Co., Ltd., thereby expanding its operations in the chemical products sector.

Shinto Coatings' basic policy is to provide high-quality, environmentally compatible coating products. Through a customer-focused organization, the company aims to contribute to social development by offering products and services that leverage its technical capabilities. The company also prioritizes integrity and trust, and aspires to be a company its employees can take pride in.

The company treats operating profit margin on sales as its most critical performance indicator and is working to improve the profitability of its core business. Over the medium to long term, while addressing challenges such as geopolitical risks and rising raw material costs, the company aims to achieve profitability by leveraging synergies from its business partnership with Dai Nippon Toryo.

In its medium-term management plan beginning in fiscal 2025, the company is incorporating the effects of the business partnership and is currently formulating plans from fiscal 2026 onward. The company aims to build a framework that ensures stable earnings by advancing productivity improvements and streamlining operations.

Additionally, the company has implemented corrective measures for past compliance violations, and all temporary certification suspensions were lifted by November 2024. The entire organization is working together to strengthen quality management systems and enhance compliance and governance frameworks.