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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 2021 JPYUSD
Revenue1,418.76B12,912.77M
Gross Profit547,006M4,978.51M
Operating income146,149M1,330.16M
Income before tax147,382M1,341.38M
Net income109,636M997.84M
EBITDA233,490M2,125.08M
Diluted EPS230.562.09
Dividends Per Share1441.31
Total Assets1,704.00B14,797.50M
Total liabilities720,130M6,253.57M
Total equity965,137M8,381.19M
Operating cash flow175,524M1,597.51M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,489.42B 1,508.00B 1,502.24B 1,381.99B 1,418.76B
Gross Profit 641,660M 637,972M 626,793M 563,475M 547,006M
Operating income 202,648M 209,173M 210,606M 174,867M 146,149M
Income before tax 204,290M 207,251M 210,645M 171,435M 147,382M
Net income 147,010M 153,698M 148,213M 126,142M 109,636M
EBITDA 257,156M 269,835M 293,975M 260,947M 233,490M
Diluted EPS 298.09 314.12 306.63 262.25 230.56
Dividends Per Share 110 120 130 140 144
Total Assets 1,427.37B 1,460.98B 1,653.91B 1,665.61B 1,704.00B
Total liabilities 608,011M 625,477M 782,498M 727,422M 720,130M
Total equity 806,381M 822,360M 857,695M 923,687M 965,137M
Operating cash flow 185,845M 195,610M 244,523M 214,718M 175,524M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 13,282.54M 13,654.18M 13,780.66M 12,943.86M 12,912.77M
Gross Profit 5,722.27M 5,776.49M 5,749.82M 5,277.53M 4,978.51M
Operating income 1,807.20M 1,893.94M 1,931.97M 1,637.81M 1,330.16M
Income before tax 1,821.84M 1,876.54M 1,932.33M 1,605.66M 1,341.38M
Net income 1,311.02M 1,391.65M 1,359.61M 1,181.45M 997.84M
EBITDA 2,293.29M 2,443.21M 2,696.75M 2,444.04M 2,125.08M
Diluted EPS 2.65 2.84 2.81 2.45 2.09
Dividends Per Share 0.98 1.08 1.19 1.31 1.31
Total Assets 12,670.88M 13,316.19M 15,218.94M 16,132.65M 14,797.50M
Total liabilities 5,397.34M 5,700.92M 7,200.34M 7,045.59M 6,253.57M
Total equity 7,158.28M 7,495.42M 7,892.29M 8,946.55M 8,381.19M
Operating cash flow 1,657.35M 1,771.14M 2,243.10M 2,011.06M 1,597.51M

Valuation Measures

Dec 2021
PER26.10
ROA6.50%
ROE11.60%
Operating margin10.30%
Profit margin7.72%

Key executives

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

Shareholders

  • Nomura Asset Management Co., Ltd. (5.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.0%)
  • BlackRock Fund Advisors (3.4%)
  • Asset Management One Co., Ltd. (3.3%)
  • The Vanguard Group, Inc. (2.7%)
  • Nikko Asset Management Co., Ltd. (2.6%)
  • Daiwa Asset Management Co. Ltd. (2.5%)
  • MFS International (UK) Ltd. (2.1%)
  • Lindsell Train Ltd. (2.0%)
  • BlackRock Japan Co., Ltd. (1.7%)

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

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  • Kao do Brasil Representacao Comercial Ltda.
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  • Kao Corp. Shanghai
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  • 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.

Competitors

  • Arkema SA
  • Estee Lauder Companies Inc. Class A
  • Revlon, Inc. Class A
  • L'Oreal S.A.
  • Do Day Dream Public Co. Ltd.
  • Olaplex Holdings, Inc.
Last Updated on 30 Nov, 2022

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