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Kao (4452) investor relations material
Kao Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved continuous market share expansion and improved earning power in Japan, with early signs of growth outside Japan.
Substantial increases in sales and operating income in the Cosmetics Business, and accelerated skin protection initiatives in the Americas and Europe.
Enhanced competitiveness in the Global Consumer Care (GC) business, with 30 consecutive months of YoY market share growth in Japan.
Net sales rose 3.7% YoY to ¥1,688.6 billion, operating income up 11.9% to ¥164.1 billion, and net income attributable to owners up 11.4% to ¥120.1 billion.
Basic earnings per share increased 12.2% to ¥260.30, and ROIC reached 9.7%.
Financial highlights
FY2025 net sales rose 3.7% YoY to ¥1,688.6 billion; operating income up 11.9% to ¥164.1 billion; net income attributable to owners up 11.4% to ¥120.1 billion.
Gross margin improved by 0.4 pts to 39.6%; operating margin increased by 0.7 pts to 9.7%.
EBITDA grew 6.3% to ¥249.9 billion; basic EPS up 12.2% to ¥260.30.
Net cash flows from operating activities were ¥199.7 billion; free cash flow was ¥129.9 billion.
Annual dividend per share increased to ¥154, with a payout ratio of 59.2%.
Outlook and guidance
FY2026 net sales forecasted at ¥1,750.0 billion (+3.6% YoY); operating income at ¥182.0 billion (+10.9% YoY); net income attributable to owners at ¥130.0 billion (+8.3% YoY).
Operating margin expected to rise to 10.4%; ROE to 12.0%; ROIC to 10.5%.
Economic Value Added (EVA) projected at ¥51.0 billion.
Continued focus on expanding growth businesses, especially hair care in Japan and cosmetics/skin care outside Japan.
2-for-1 share split scheduled for July 2026.
- TimeTickerHeadlineOpen
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