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Financial statements and management
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Investment and innovation
Group’s Financial Statements

The Geico Spa and Taikisha Ltd. partnership began on 19 May 2011 when Taikisha acquired a 51% interest in Geico SpA from Gecofin SpA, which retained possession of the remaining 49% interest.

Geico and Taikisha have a joint presence in 28 countries with a network comprising over 52 offices and 6 manufacturing units, with annual turnover of $1.8 billion.

Geico and Taikisha currently have a joint market presence with with over 5,000 employees: more than 1,000 are engineers and painting industry specialists.

The Geico and Taikisha partnership aims to achieve the following objectives:

  • sustainable size and financial stability
  • competitive solutions in terms of both time and prices
  • technological organisation and global infrastructures
  • innovative product development and project management approach
  • continuous solutions in the ecological and energy saving field

Geico Group management and its winning philosophy – an expression of Gecofin – have not changed, even following alliance with Taikisha Ltd.

Geico corporate strategies essentially focus on:

  • strong human resources development
  • continuous method, process and product innovation
  • constant willingness to invest in technology and know-how
  • diligent and targeted penetration of international markets and new customers
  • set of global commercial and technological alliances
  • continuous project execution efficiency improvement
  • systematic control of fixed costs


Operating in 28 countries with a network of more than 52 sites and 6 manufacturing units, with annual revenue of $1.8 billion


Registered at Via Pelizza Volpedo no. 109/111, Cinisello Balsamo

Share capital €3,627,000 fully paid-up

Shareholders and shareholdings: Taikisha Ltd. (Japan) 51%, Gecofin SpA (Italy) 49%

Registered with the Business Register – Milan Office, under no. 00727880155

Management and coordination pursuant to art. 2497 of the Italian Civil Code: Taikisha Ltd.


Ali Reza Arabnia, Chairman and Chief Executive Officer

Daryush Arabnia, Board Member

Davide Barelli, Board Member

Takuji Fukunaga, Board Member

Inoue Tadashi , Board Member

Hikaru Kimura, Board Member

Shinji Nishimura, Board Member


Roger Olivieri, Chairman

Pierpaolo Guzzo, Statutory Auditor

Michele Mazzitelli, Statutory Auditor

Maurizio Baldassarini, Alternate Auditor

Emanuele Alberto Varè, Alternate Auditor


Deloitte & Touche S.p.A.


Antonello Capone

The company adopts anOrganisational Model relating to the conduct of directors, employees and partners in the running of Group company affairs. It does so in compliance with Legislative Decree no. 231 of 8 June 2001 on corporate liability and with Legislative Decree no. 61 of 11 April 2002 on the reform of corporate offences and, following the subsequent and recent regulatory changes, particularly those relating to Security.

The Code of Ethics is an important part of this model, the implementation of which is duly carried out by an external Supervisory Body (SB).

Compliance system implemented by the company



2 cornerstones: the Organizational Model and the Ethical Code

We believe that success is something to be shared, with both partners and financial institutions. Innovation Days provide valuable opportunities to showcase and share the continuous improvements achieved by Geico thanks to their continued support.

For us, growth equals investment, and investment equal innovation, even at the most critical times. There was investment of €27.9 million in the 2005 to 2013 period alone.

60% of investments were allocated to Technological and cultural innovation, with the remaining 40% being allocated to facilities and corporate structure and organisation.

Research & Development costs of approximately €6 million were recorded in 2013 alone.

For us growth means investments
and investments mean innovation

The financial statements of Geico SpA and its subsidiaries are consolidated in the financial statements of Taikisha Group, the company responsible for managing and coordinating the Group.

Further information on the financial position and assets of Taikisha is available in the Investor Relations section of the Taikisha website.

Taikisha financial


2016 Financial Statement


2015 Financial Statement


2014 Financial Statement


Group Structure

The Geico SpA Financial Statement is consolidated within the Financial Statement of the group