Q2 2026 Nippon Paint Holdings Co Ltd Earnings Presentation Transcript
Good afternoon, everyone. I am Wakatsuki, Co-President of Nippon Paint Holdings. Thank you very much for joining us today despite your busy schedule. I will now outline the key points of our financial results for the second quarter of fiscal 2026. Please note that members of the media are also joining us today.
I'll begin by addressing two points on slide number 2. First, regarding the revision of our full-year earnings forecast for fiscal 2026. To properly reflect the current market conditions, we have adjusted our exchange rate assumptions shifting towards a weaker yen compared to the initial forecast in February. Specifically, the assumed rate for the US dollar has been revised from previously JPY150 to JPY155 for the second quarter and JPY156.8 for the full year. Chinese yuan from previously JPY21.5 to JPY23.1 for the full year.
Second, regarding the definition of adjusted profit, we have slightly changed the treatment of PPA-related expenses and
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