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Consumer Non-Durables

Kao Corp.

Business Summary

Kao Corp. engages in the manufacture and sale of consumer and chemical products. It operates through the following segments: Consumer Products, Chemical, and Others. The Consumer Products segment includes Cosmetics, Skin Care and Hair Care, Human Health Care, Fabric and Home Care Businesses. The Cosmetics business offers make-up products such as RMK, SUQQU, Primavista, COFFRET DOR, KATE, SENSAI, and Molton Brown. The Skin Care and Hair Care business delivers skin care products such as facial cleansers, body cleansers, sunscreens, and body lotions. It also includes hair care products such as shampoos, conditioners, and hair colors. The Human Health Care business provides sanitary products such as Laurier sanitary napkins, Merries baby diapers, Relief adult diapers, Healthya functional beverage, Clear Clean, and Deep Clean toothpastes. The Fabric and Home Care business includes Attack and Newbeads laundry detergent, Humming and Flair Fragrance fabric softener, CuCute dishwashing detergent, and Magiclean household cleaners. The Chemical segment offers oleochemicals made from natural fat and oil, performance chemicals such as surfactants, and specialty chemicals such as toners and toner binders. The Others segment handles expansion and maintenance of logistics facilities and information technology (IT)-related investments. The company was founded by Tomiro Nagase on June 19, 1887 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2022 JPYUSD
Gross Profit521,838M3,967.51M
Operating income107,432M816.80M
Income before tax113,303M861.43M
Net income86,038M654.14M
Diluted EPS183.271.39
Dividends Per Share1481.12
Total Assets1,726.35B13,083.85M
Total liabilities730,966M5,539.92M
Total equity972,061M7,367.16M
Operating cash flow130,905M995.26M
Currency in JPYCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,508.00B 1,502.24B 1,381.99B 1,418.76B 1,551.05B
Gross Profit 637,972M 626,793M 563,475M 547,006M 521,838M
Operating income 209,173M 210,606M 174,867M 146,149M 107,432M
Income before tax 207,251M 210,645M 171,435M 147,382M 113,303M
Net income 153,698M 148,213M 126,142M 109,636M 86,038M
EBITDA 269,835M 293,975M 260,947M 233,490M 197,170M
Diluted EPS 314.12 306.63 262.25 230.56 183.27
Dividends Per Share 120 130 140 144 148
Total Assets 1,460.98B 1,653.91B 1,665.61B 1,704.00B 1,726.35B
Total liabilities 625,477M 782,498M 727,422M 720,130M 730,966M
Total equity 822,360M 857,695M 923,687M 965,137M 972,061M
Operating cash flow 195,610M 244,523M 214,718M 175,524M 130,905M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 13,654.18M 13,780.66M 12,943.86M 12,912.77M 11,792.64M
Gross Profit 5,776.49M 5,749.82M 5,277.53M 4,978.51M 3,967.51M
Operating income 1,893.94M 1,931.97M 1,637.81M 1,330.16M 816.80M
Income before tax 1,876.54M 1,932.33M 1,605.66M 1,341.38M 861.43M
Net income 1,391.65M 1,359.61M 1,181.45M 997.84M 654.14M
EBITDA 2,443.21M 2,696.75M 2,444.04M 2,125.08M 1,499.07M
Diluted EPS 2.84 2.81 2.45 2.09 1.39
Dividends Per Share 1.08 1.19 1.31 1.31 1.12
Total Assets 13,316.19M 15,218.94M 16,132.65M 14,797.50M 13,083.85M
Total liabilities 5,700.92M 7,200.34M 7,045.59M 6,253.57M 5,539.92M
Total equity 7,495.42M 7,892.29M 8,946.55M 8,381.19M 7,367.16M
Operating cash flow 1,771.14M 2,243.10M 2,011.06M 1,597.51M 995.26M

Valuation Measures

Dec 2022
Operating margin6.92%
Profit margin5.54%

Key executives

  • Executive President & Representative Director: Yoshihiro Hasebe
  • Head-Accounting, Finance & Personnel Strategy: Masakazu Negoro
  • Managing Executive Officer, Head-R&D: Hideaki Kubo
  • Executive Officer: Kenichi Yamauchi
  • Manager-Administration: Hideo Makino


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  • BlackRock Japan Co., Ltd. (1.7%)
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Contact Details

  • Website:
  • Address: 1-14-10 Nihonbashi Kayabacho, Chuo-Ku, Tokyo, 103-8210, Japan
  • Phone: +81.3.3660.7111

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Last Updated on 28 Mar, 2023

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