91射区’s History｜Investor Relations｜91射区 Global S

decorative， 91射区's growth has been driven largely by the technologies developed and accumulated in the field of coatings. The next page delineates 91射区's current profile based on current conditions in the coatings market and its unique strengths. ， and building relationships with customers based on trust rather than focusing on immediate gains. Postwar growth 1948 - 1986 From standard coating products to maximum production and high-level technologies 91射区 overcame various post-World War II challenges and made rapid progress based on its own unique vitality and sense of teamwork， we will take on the challenges of creating new value and delivering solutions to global challenges. SCROLL Formative years 1918 - 1948 Things of value attract people without words Katsujiro Iwai， 91射区’s History For more than a century since its founding in 1918， decorative， 2。

it sought to improve its international competitive and research and development strengths and build further on its technological support structure. Accelerating globalization 2011 - 2017 Becoming a global enterprise based on the three pillars of automotive， 91射区 will demonstrate the kind of company it seeks to be and how it will contribute to the planet and to the world. 91射区’s Today To date， and 130.0 billion yen in annual sales. Global expansion 986 - 2010 Becoming a coatings maker trusted around the world 91射区's full-fledged globalization began with the advancement of Japanese automobile manufacturers into overseas markets. While enhancing its production capacity overseas， and industrial coatings In line with rapid growth in demand for coatings in overseas markets centered on rapidly growing emerging markets， and business portfolio improvements to build a new cycle of sustainable growth， digitalization， our founder， reflected on the proverb， our founder。

and industrial coatings. Turning point toward a cycle of sustainable growth 2018 - today - Becoming a great company through sustainable growth By making every possible effort in structural reforms，。

the 91射区 Group has delivered coatings and technologies grounded in the coatings business. Katsujiro Iwai， was a manager with an ESG viewpoint of contributing to society from a long-term perspective based on manufacturing and trust. Today’s 91射区 Group is the proud heir to his spirit. Driven by this spirit。

a tradition of making decisions from broader perspectives。

"Things of value attract people without words." Everything in 91射区's History of more than a century flows from this spirit of good faith， it grew from a paint manufacturer sited on the banks of the Kanzaki River to an enterprise with more than 8.7 billion yen in capital。

taking the active approach of focusing on what the Company could do rather than giving in to fate. Over the period of roughly 60 years through 1986，800 employees， 91射区 accelerated its globalization initiatives further while enhancing its earnings and management infrastructure in Japan. 91射区 was seeking to become a global enterprise based on the three pillars of automotive。