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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 2019 JPYUSD
Revenue1,502.24B13,780.66M
Gross Profit626,793M5,749.82M
Operating income210,606M1,931.97M
Income before tax210,645M1,932.33M
Net income148,213M1,359.61M
EBITDA293,975M2,696.75M
Diluted EPS306.632.81
Dividends Per Share1301.19
Total Assets1,653.91B15,218.94M
Total liabilities782,498M7,200.34M
Total equity857,695M7,892.29M
Operating cash flow244,523M2,243.10M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,474.55B 1,457.61B 1,489.42B 1,508.00B 1,502.24B
Gross Profit 790,033M 802,699M 641,660M 637,972M 626,793M
Operating income 172,956M 186,740M 202,648M 209,173M 210,606M
Income before tax 166,038M 183,430M 204,290M 207,251M 210,645M
Net income 105,196M 126,551M 147,010M 153,698M 148,213M
EBITDA 230,379M 237,856M 257,156M 269,835M 293,975M
Diluted EPS 209.53 253.18 298.09 314.12 306.63
Dividends Per Share 80 94 110 120 130
Total Assets 1,281.86B 1,338.30B 1,427.37B 1,460.98B 1,653.91B
Total liabilities 594,736M 646,846M 608,011M 625,477M 782,498M
Total equity 676,497M 679,842M 806,381M 822,360M 857,695M
Operating cash flow 181,672M 184,307M 185,845M 195,610M 244,523M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 12,179.83M 13,414.54M 13,282.54M 13,654.18M 13,780.66M
Gross Profit 6,525.70M 7,387.32M 5,722.27M 5,776.49M 5,749.82M
Operating income 1,428.62M 1,718.58M 1,807.20M 1,893.94M 1,931.97M
Income before tax 1,371.48M 1,688.12M 1,821.84M 1,876.54M 1,932.33M
Net income 868.92M 1,164.66M 1,311.02M 1,391.65M 1,359.61M
EBITDA 1,902.93M 2,189.01M 2,293.29M 2,443.21M 2,696.75M
Diluted EPS 1.73 2.33 2.65 2.84 2.81
Dividends Per Share 0.66 0.86 0.98 1.08 1.19
Total Assets 10,656.04M 11,474.33M 12,670.88M 13,316.19M 15,218.94M
Total liabilities 4,943.97M 5,545.89M 5,397.34M 5,700.92M 7,200.34M
Total equity 5,623.65M 5,828.79M 7,158.28M 7,495.42M 7,892.29M
Operating cash flow 1,500.61M 1,696.19M 1,657.35M 1,771.14M 2,243.10M

Valuation Measures

Dec 2019
PER29.42
ROA9.51%
ROE17.64%
Operating margin14.01%
Profit margin9.86%

Key executives

  • President & Representative Director: Michitaka Sawada
  • Representative Director & Head-Compliance: Yoshihiro Hasebe
  • Executive Officer: Akemi Ishiwata
  • Executive Officer: Kenichi Yamauchi
  • Manager-Administration: Hideo Makino

Shareholders

  • Nomura Asset Management Co., Ltd. (5.3%)
  • Asset Management One Co., Ltd. (4.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.4%)
  • The Vanguard Group, Inc. (2.8%)
  • Nikko Asset Management Co., Ltd. (2.5%)
  • Daiwa Asset Management Co. Ltd. (2.4%)
  • MFS International (UK) Ltd. (1.9%)
  • BlackRock Fund Advisors (1.5%)
  • Tokio Marine Holdings, Inc. (1.4%)
  • Nippon Life Insurance Co. (1.3%)

Contact Details

  • Website:http://www.kao.co.jp
  • Address: 1-14-10 Nihonbashi Kayabacho, Chuo-Ku, Tokyo, 103-8210, Japan
  • Phone: +81.3.3660.7111

Related Companies

  • Shakai Fukushi Hojin Sumiya /Wasa Fukushi Factory/
  • Kao Board Incentive Plan
  • Kao Brands Co.
  • PT Kao Indonesia
  • Madeiras Alman Lda.
  • Goldwell Cosmetics (CZ) sro
  • Kao Denmark A/S
  • Kao Chemicals Americas Corp.
  • Kao Belgium SA NV
  • Kao (Hefei) Co. Ltd.
  • Kao South Africa Pty Ltd.
  • Kao Australia Pty Ltd.
  • Kao Consumer Products (Southeast Asia) Co. Ltd.
  • Kao do Brasil Representacao Comercial Ltda.
  • KPSS Hong Kong Ltd.
  • Kao China Research & Development Center Co. Ltd.
  • Kao Corp. Shanghai
  • Kao New Zealand Ltd.
  • KPSS Taiwan Ltd.
  • Kao Netherlands BV
  • Kao France SARL
  • Kao Commercial (Shanghai) Co. Ltd.
  • Kao (Shanghai) Chemical Industries Co. Ltd.
  • Kao Austria Handelsgesellschaft mbH
  • Kao Italy SpA
  • Kao Germany GmbH
  • Kao Vietnam Co. Ltd.
  • Kao Soap (Malaysia) Sdn. Bhd.
  • Kao Oleochemical (Malaysia) Sdn. Bhd.
  • Kao Canada, Inc.

Competitors

  • Unilever NV
  • Unilever PLC
  • Estee Lauder Companies Inc. Class A
  • Revlon, Inc. Class A
  • L'Oreal SA
  • DR.WU SKINCARE Co., Ltd.
  • Farcent Enterprise Co., Ltd.
Last Updated on 6 Jul, 2020

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