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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 2020 JPYUSD
Gross Profit563,475M5,277.53M
Operating income174,867M1,637.81M
Income before tax171,435M1,605.66M
Net income126,142M1,181.45M
Diluted EPS262.252.45
Dividends Per Share1401.31
Total Assets1,665.61B16,132.65M
Total liabilities727,422M7,045.59M
Total equity923,687M8,946.55M
Operating cash flow214,718M2,011.06M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,457.61B 1,489.42B 1,508.00B 1,502.24B 1,381.99B
Gross Profit 802,699M 641,660M 637,972M 626,793M 563,475M
Operating income 186,740M 202,648M 209,173M 210,606M 174,867M
Income before tax 183,430M 204,290M 207,251M 210,645M 171,435M
Net income 126,551M 147,010M 153,698M 148,213M 126,142M
EBITDA 237,856M 257,156M 269,835M 293,975M 260,947M
Diluted EPS 253.18 298.09 314.12 306.63 262.25
Dividends Per Share 94 110 120 130 140
Total Assets 1,338.30B 1,427.37B 1,460.98B 1,653.91B 1,665.61B
Total liabilities 646,846M 608,011M 625,477M 782,498M 727,422M
Total equity 679,842M 806,381M 822,360M 857,695M 923,687M
Operating cash flow 184,307M 185,845M 195,610M 244,523M 214,718M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 13,414.54M 13,282.54M 13,654.18M 13,780.66M 12,943.86M
Gross Profit 7,387.32M 5,722.27M 5,776.49M 5,749.82M 5,277.53M
Operating income 1,718.58M 1,807.20M 1,893.94M 1,931.97M 1,637.81M
Income before tax 1,688.12M 1,821.84M 1,876.54M 1,932.33M 1,605.66M
Net income 1,164.66M 1,311.02M 1,391.65M 1,359.61M 1,181.45M
EBITDA 2,189.01M 2,293.29M 2,443.21M 2,696.75M 2,444.04M
Diluted EPS 2.33 2.65 2.84 2.81 2.45
Dividends Per Share 0.86 0.98 1.08 1.19 1.31
Total Assets 11,474.33M 12,670.88M 13,316.19M 15,218.94M 16,132.65M
Total liabilities 5,545.89M 5,397.34M 5,700.92M 7,200.34M 7,045.59M
Total equity 5,828.79M 7,158.28M 7,495.42M 7,892.29M 8,946.55M
Operating cash flow 1,696.19M 1,657.35M 1,771.14M 2,243.10M 2,011.06M

Valuation Measures

Dec 2020
Operating margin12.65%
Profit margin9.12%

Key executives

  • President & Representative Director: Yoshihiro Hasebe
  • Executive Officer: Akemi Ishiwata
  • Executive Officer: Kenichi Yamauchi
  • Manager-Administration: Hideo Makino
  • Representative Director: Toshiaki Takeuchi


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  • Norges Bank Investment Management (1.5%)

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 21 Sep, 2021

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