Samurai 2K Aerosol Limited, a leading aerosol solutions specialist and manufacturer of automotive aerosol paints based in Singapore, has been honored with inclusion in Forbes Asia’s prestigious “Best Under a Billion” list for 2021. This annual recognition celebrates the top 200 publicly listed companies in the Asia Pacific region, with annual sales ranging between USD $10 million and $1 billion.
The award ceremony was recently held in Manila, The Philippines, after being postponed due to the COVID-19 pandemic-related travel restrictions.
Forbes Asia’s annual survey evaluates companies based on various financial performance metrics, selecting the top performers from a pool of 20,000 firms. The list highlights companies that excel in areas such as debt management, sales growth, earnings per share, and return on equity. Selection criteria also consider qualitative factors, including governance, ethical business practices, and sustainability, excluding firms with legal, environmental, or management concerns.
Samurai 2K Aerosol’s inclusion in the list is attributed to its financial discipline, low leverage, and strong overall performance. Despite the challenging global business environment marked by trade tensions and geopolitical uncertainties, the company recorded significant improvements in its financials for the six months ending September 30, 2023, compared to the same period in the previous year.
In addition to its financial stability, Samurai 2K has expanded its marketing footprint in major markets such as the U.S., UK, and India with its innovative 2K Technology for aerosol paints. The company is also set to launch new proprietary products and services, including Tintatek, a color-matching and mixing technology, scheduled for release in the first quarter of the financial year 2025.
Further enhancing its offerings, Samurai 2K has introduced a new onsite professional spray painting service, connecting users with certified Samurai 2K aerosol painters via an online platform. Additionally, the company is conducting professional spray painting courses with certification recognized by the Malaysian government, adding a new revenue stream.
Ian Ong Yoke En, Founder, Executive Director, and CEO of Samurai 2K Aerosol, shared, “Our focus is on creating long-term shareholder value through our unwavering commitment to research and development, which continues to fuel a steady stream of innovative products. Our comprehensive digital transformation also enables us to scale efficiently, capitalize on e-commerce opportunities, and reach new markets without geographical barriers.”
