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K KANSAI Financial Results for the First Quarter of FY2026 Aug. 7 , 2026 Copyright © 2026 Kansai Paint Co. , Ltd. All rights reserved .
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/ 2 CONTENTS Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. 1.Summary of Financial Results for 1Q FY2026 2.Summary of Financial Results by Segment 3.Shareholder Returns and Growth Investment Forecasts of financial results stated in this document are forecasts based on currently available information that includes potential risks and uncertain elements. Therefore, actual financial results may differ from the forecast figures.
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/ 3Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Key Points for Financial Results of 1Q FY2026 ⚫ Full-year forecast revised upward Net sales increased but profits decreased only in Japan; All other regions achieved Net sales and profit growth Price revisions progressed in Japan from Q2, and a recovery is expected going forward ⚫ Annual dividend increased by 6 yen per share following upward earnings forecast revision ⚫ Executed investments and returns in accordance with the cash allocation plan Growth Investment: Acquisition of full ownership of the Turkish equity-method affiliate Shareholder Returns: Share buyback (Up to ¥10 Billion) and consecutive dividend Increases
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/ 4/ 4 Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. 1. Summary of Financial Results for 1Q FY2026
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/ 5Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. FY2026 Revised Plan （as of August 2026） FY2026 Initial Plan （as of May 2026） FY2025 Result Net Sales 630.0 610.0 589.8 Operating Profit 55.0 53.0 49.7 Segment Profit 60.0 57.0 53.9 Ordinary Profit 57.0 55.0 54.7 EBITDA 94.0 92.0 82.5 EBITDA Margin 14.9% 15.1% 14.0% Profit 28.0 27.0 31.6 （JPY billion） ※2 ※1 Consolidated results （ Revised earnings forecast ） ※2 Operating Profit＋Equity Method Profit ＋Depreciation＋Goodwill amortization ※1 Operating Profit＋Equity Method Profit ✓ Earnings forecast revised upward across all levels ✓ The impact of consolidating the Turkish equity-method affiliate is not included in this plan. ※Figures in red indicate record highs
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/ 6Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Segment Plan by Business FY2026 Revised Plan （as of August 2026） FY2026 Initial Plan （as of May 2026） FY2026 Revised Plan （as of August 2026） FY2026 Initial Plan （as of May 2026） Japan 165.0 160.0 21.5 22.5 India 150.0 145.0 14.0 14.0 Europe 175.0 170.0 4.0 1.5 Asia 70.0 70.0 10.5 9.5 Africa 60.0 55.0 7.5 7.0 North America 10.0 10.0 2.5 2.5 Total 630.0 610.0 60.0 57.0 Net Sales Segment Profit ✓ Price pass-through in Japan was the slowest, but is now catching up （JPY billion）
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/ 7Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. FY2025 1Q FY2026 1Q FY2026 Forecast FY2025 ResultsYoY(％) Net Sales 144.7 157.9 +9.1% 630.0 589.8 Operating Profit 12.2 10.5 -14.3% 55.0 49.7 Segment Profit 13.7 13.4 -2.1% 60.0 53.9 Segment Profit Margin 9.5% 8.5% - 9.5% 9.1% Ordinary Profit 14.4 13.6 -5.1% 57.0 54.7 EBITDA 20.2 21.3 +5.1% 94.0 82.5 EBITDA Margin 14.0% 13.5% - 14.9% 14.0% Net Profit 8.5 6.5 -23.6% 28.0 31.6 ※2 Operating Profit＋Equity Method Profit ＋Depreciation＋Goodwill amortization ※2 ※1 Operating Profit＋Equity Method Profit ※1 Consolidated results of 1Q FY2026(YoY) （JPY billion） ✓ Net sales increased across all regions, all five overseas regions increased profits
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/ 8Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Main figures related to the consolidated balance sheets End of FY2025 1Q End of FY2025 4Q End of FY2026 1Q Difference (Compared to the previous fiscal year-end) Total asset 744.9 801.7 845.4 43.7 Cash & Deposit 71.0 78.7 90.2 11.5 Notes and accounts receivable - trade, and contract assets 127.4 129.6 141.2 11.7 Merchandise and finished goods 111.1 114.0 124.3 10.3 Non-current assets 388.4 425.5 426.8 1.3 Goodwill 33.6 34.0 32.5 -1.6 Interest-bearing debts 230.0 222.9 260.6 37.7 Shareholders' equity 260.2 299.8 298.3 -1.6 Treasury shares ▲ 2.1 ▲ 2.6 ▲2.6 0 Shareholders' equity ratio (%) 34.9% 37.4% 35.3% -2.1pt NetDebt/EBITDA(times) 1.6times 1.3times 1.5times - NetDebt/Equity(％） 49.1% 34.6% 42.5% +7.9pt （JPY billion） ✓Financial leverage is within an appropriate range
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/ 9Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Change in Net sales by Region (YoY) （JPY billion） FY2025 1QResults FY2026 1QResults Excluding FX EffectsYoY(％) YoY(％) Japan 39.3 41.8 ＋6.4% India 37.0 40.3 ＋9.0% 40.5 ＋9.5% Europe 37.9 42.6 ＋12.6% 39.4 ＋3.9% Asia 16.6 16.8 ＋1.3% 15.7 -5.5% Africa 11.5 13.8 ＋19.7% 12.5 ＋9.2% North America 2.4 2.5 ＋4.0% 2.5 ＋1.4% Total 144.7 157.9 ＋9.1% 152.4 ＋5.3% （JPY billion） ✓ Net sales increased across all regions, strong growth in India and Africa excluding FX effect
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/ 10Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Change in Net sales by Sector (YoY) （JPY billion） FY2025 1QResults FY2026 1QResults Excluding FX EffectsYoY(%) YoY(%) Auto 42.2 45.9 +8.8% 45.6 +8.0% Industrial 41.7 46.9 +12.5% 44.5 +6.8% Deco AR PC 47.8 50.9 +6.6% 49.3 +3.2% Other 13.0 14.1 +8.1% 13.0 -0.4% Total 144.7 157.9 +9.1% 152.4 +5.3% ✓ Growth in all business sectors, driven by automotive and industrial （JPY billion）
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/ 11/ 11 Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. 2．Summary of Financial Results by Segment
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/ 12Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Results by Region (YoY) 【Japan】 Significant profit decline due to upfront costs, with recovery expected from 2Q onward • Steady net sales growth in automotive and industrial sector • Deco AR PC, led by automotive refinish, while demand in Decorative sector remains weak • Net sales from the marine sector rose significantly as efforts to optimize sales prices progressed • Lower segment profit primarily due to delayed price pass-through Higher depreciation, outsourcing, and logistics costs • Price pass-through implemented, with benefits expected from Q2 onward FY2025 FY2026 1Q 2Q 3Q 4Q 1Q Net Sales 39.3 40.7 41.9 38.0 41.8 Segment Profit 5.1 5.7 6.4 4.8 2.1 Segment Profit Margin 13.0% 14.0% 15.3% 12.5% 5.1% （JPY billion） （JPY billion） ( )：Excluding FX effects
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/ 13Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Results by Region (YoY) 【India】 • Net sales increased in the automotive sector due to a solid market share and rising production volumes • Net sales in the industrial sector increased as it captured infrastructure-related demand • The decorative sector was driven by waterproofing materials and projects, and the product mix improved • Segment profit increased as net sales growth more than offset higher raw material costs • Secured new railway business, with contributions expected from FY2027 onward All three business sectors achieved growth, driving higher net sales and profit FY2025 FY2026 1Q 2Q 3Q 4Q 1Q Net Sales 37.0 33.2 34.5 33.7 40.3 Segment Profit 4.4 2.8 3.5 2.8 4.6 Segment Profit Margin 12.0% 8.6% 10.1% 8.4% 11.5% （JPY billion） （JPY billion） ※ The comments on the above sales figures are presented in local currency terms. (14.1) (6.9) (19.3) (40.5) ( )：Excluding FX effects
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/ 14Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Turkey returned to profitability, structural reforms progressing at Kansai Helios Results by Region (YoY) 【Europe】 FY2025 1Q FY2026 1Q Europe (excl.Turkey) Segment Profit 6 5 Turkey Segment Profit -6 9 (HI impact on Segment Profit) -4 1 Segment Profit excl. HI impact -2 8 HI： Hyper inflation • Industrial and automotive sales increased, driven by price increase and an improved product mix in Turkey • Segment profit improved significantly as both consolidated and equity-method affiliates in Turkey returned to profitability • True Color：Started consolidating production sites for decorative sector • Decided to acquire full ownership of the Turkish equity- method affiliate, with closing targeted for this autumn FY2025 FY2026 1Q 2Q 3Q 4Q 1Q Net Sales 37.9 41.3 43.2 40.4 42.6 Segment Profit 0 0.5 0.8 -0.4 1.4 Segment Profit Margin 0.1% 1.2% 1.9% - 3.4% (39.4) (3.5) (23.5) (5.5) (6.9) （JPY billion） （JPY billion） （100 million JPY） ※ The comments on the above sales figures are presented in local currency terms. ( )：Excluding FX effects
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/ 15Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Results by Region (YoY) 【Asia】 Significant improvement in profitability driven by structural reforms • Automotive sales declined due to production consolidation in China • Industrial sales remained flat, as growth in China offset weaker demand in Southeast Asia • Deco AR PC sales increased driven by the decorative sector in the Southeast Asia • Segment profit increased significantly due to price increases, cost reductions, and higher equity-method profit • Completed production closure at Guangzhou Kansai and initiated integration of the operations in Malaysia (15.7) (8.4) (3.5) (3.5) (0.3) （JPY billion） （JPY billion） ※ The comments on the above sales figures are presented in local currency terms. ( )：Excluding FX effects FY2025 FY2026 1Q 2Q 3Q 4Q 1Q Net Sales 16.6 16.2 17.6 17.7 16.8 Segment Profit 2.5 2.6 3.0 1.0 3.3 Segment Profit Margin 15.0% 16.2% 17.2％ 5.4% 19.6%
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/ 16Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Results by Region (YoY) 【Africa】 High growth driven by both the South and the East FY2025 FY2026 1Q 2Q 3Q 4Q 1Q Net Sales 11.5 11.1 13.8 15.4 13.8 Segment Profit 1.1 1.2 1.8 2.3 1.3 Segment Profit Margin 9.4% 10.4% 13.2％ 14.9% 9.7% (12.5) (1.3) (10.5) (0.6) （JPY billion） （JPY billion） • South Africa achieved sales growth through strengthened sales promotion efforts despite weak market conditions • Growth in East Africa driven by premium product expansion in Tanzania and Uganda • Segment profit increased due to higher volumes and a shift toward higher-priced products • Versus Paint closing completed; production site consolidation finalized ※ The comments on the above sales figures are presented in local currency terms. ( )：Excluding FX effects
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/ 17Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Results by Region (YoY) 【North America】 Steady progress in profitability improvement at U.S. Paint ※ The comments on the above sales figures are presented in local currency terms. • Demand in the core powersports business remained sluggish • Higher operating profit driven by fixed cost reductions • Equity-method profit decreased due to deteriorating market conditions • Continue collaboration with Japan, focusing on expanding the powder coatings business for construction and agricultural machinery (2.5) (2.5) （JPY billion） （JPY billion） ( )：Excluding FX effects FY2025 FY2026 1Q 2Q 3Q 4Q 1Q Net Sales 2.4 2.1 2.3 2.2 2.5 Segment Profit 0.6 0.4 0.5 0.5 0.6 Segment Profit Margin 24.5% 18.8% 22.0% 22.5% 24.3% (0.1)0.1
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/ 18/ 18 Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. 3. Shareholder Returns and Growth Investment
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/ 19Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. ■Additional growth investment Shareholder Returns and Growth Investments FY2023 FY2024 FY2025 FY2026 (Initial Plan） FY2026 (Revised Plan） Annual dividend 40 50 110 110 116 <Dividends per Share Trend> ✓ 100% return of FCF ✓ Progressive dividends ✓ Dividend payout ratio of 50% or more ✓ No large-scale M&A will be conducted during the 18MTP ✓ Annual dividend forecast raised from ¥110 to ¥116 per share following upward earnings forecast revision ■ DividendShareholder return policy ■ Purchase of treasury shares ✓ Decided on June 26, 2026, to repurchase its own shares up to ¥10 billion. （ Acquisition Period ： August 3, 2026, through August 2, 2027 ） FCF 配当 < FCF Allocation Concept > Purchase of treasury shares Dividend Additional growth investment (Including bolt-on M&A) ✓ Acquisition of full ownership of the Turkish equity-method affiliate ✓ Acquisition price: 93 million U.S. dollars (approximately 15 billion yen) ＋ （JPY）
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/ 20Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved.
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/ 21© 2026 Kansai Paint Co.,Ltd. All rights reserved. FY2026 First Quarter Reference Material for Financial Results
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Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Introduction of Polisan Kansai Boya (PKB) July. 29, 2026 Reposted from July 29, 2026 Release
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/ 23Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Company Overview A leading decorative paint manufacturer with a 40-year history and a strong business foundation in Türkiye Founded in 1985 473 Net Sales Employees Market Position # 2 Operating Profit Margin Sales offices 13 4500＋ Dealers Maximum Production Capacity 540,000tons 14.6％Approx.23billion JPY *FY2025 results (excluding the impact of hyperinflation accounting) *FY2025 results (excluding the impact of hyperinflation accounting) Türkiye Decorative Paint Market Reposted from July 29, 2026 Release
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/ 24Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Efficient production and supply network supported by state-of-the-art facilities Market-Leading product quality and performanceTrusted relationships with dealers Customer loyalty driven by superior product quality Key Strengths of PKB Four key strengths supporting PKB’s strong brand equity and profitability Extensive market reach through 34 warehouses A well-established dealer network built through long- term relationships Türkiye's first LEED Gold-certified paint manufacturing facility Strong nationwide distribution network covering all of Türkiye Reposted from July 29, 2026 Release
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/ 25Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. CAGR approx.4.5%（2025–30） Decorative paints account for approximately 60% of the market 12.5% 13.0% 13.5% 14.0% 14.5% 15.0% 15.5% 16.0% 16.5% 2021 2022 2023 2024 2025 15.9% 13.8%→15.9% #2 in the Türkiye Decorative Paint Market 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2025 2027 2030 Decorative Automotive Industrial Auto Refinish Marine & Others Türkiye Decorative Paint Market Size Expanding market share by capturing growth in the Türkiye decorative paint market Overview of the Türkiye Paint Market and PKB's Position PKB's Market Share Trend Source：Orr & Boss Company Analysis （USD million) Reposted from July 29, 2026 Release
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/ 26 Reference material Consolidated Financial Results (JPY billion, ％)
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/ 27 Reference material Net sales by regional segment (JPY billion, ％)
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/ 28 Reference material Segment Profit by regional segment (JPY billion, ％)
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/ 29Copyright © 2026 Kansai Paint Co.,Ltd. All rights reserved. Reference material Analysis of YoY Sales Increase/Decrease (FY2026 1Q)
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/ 30 Reference material Equity in earnings of unconsolidated subsidiaries and affiliates (JPY billion)
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/ 31 © 2026 Kansai Paint Co.,Ltd. All rights reserved. Reference material Key numbers related to Balance Sheet(B/S) (JPY billion, ％)
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/ 32 （JPY/KL） （million） Japanese car production Reference material Japanese naphtha price
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/ 33 Japan and India：１Q（April to June), ２Q（July to Sept.), ３Q (Oct. to Dec.), ４Q (Jan. to March） Others： １Q (Jan. to March), 2Q（April to June), ３Q (July to Sept.), ４Q (Oct. to Dec.） Source: Japan car association, MarkLines, 1Q FY2026 car data for Japan is our estimation （million） Reference material Car production
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/ 34 (JPY／Local currency） Reference material Currency translation rates